BMW Financial Services, the leasing arm of BMW, has unveiled a new program designed to protect lessees from excess wear and use charges. The program, called BMW Lease Protection, must be purchased at time of new-vehicle delivery and covers up to $3,750 in excess wear and use charges at the end of your lease.
In recent years, manufacturers have be cracking down even more on lessees who turn in their vehicles with excessive wear and tear, especially when this wear affects the resale value of the car. This new program should help buyers feel more comfortable when signing a lease knowing that they have protection from up to $3,750 in fees.
“Our new BMW Lease Protection product, which some might refer to as extended-wear-and-tear coverage, virtually eliminates the potential out-of-pocket costs of common repairs at lease-end , thus making the leasing experience that much more pleasurable,” explained Lisa McPherson, BMW Financial Services general manager of insurance, in a release made available to Torque News. “This is our latest program to make leasing a BMW (or a MINI) a pleasurable experience and minimizing issues surrounding wear and tear, tire and wheel problems and minor dings and dents which may become apparent when the vehicle is returned at the end of the lease.”
“One of the reasons people lease cars is for a virtually worry-free driving experience, one which enables them to enjoy their vehicles for the life of the lease and then either walk away or move into their next BMW or Mini,” explained McPherson. “We understand this and are continually upgrading the BMW Ultimate Lease to make the experience that much more pleasurable and rewarding for the BMW Financial Services customer. Taking the costly surprises out of the lease experience by providing BMW-level protection is the obvious way to do just that.”
Items that are covered by the program include
- Dents and dings
- Tires
- Wheels
- Upholstery, rips, tears
- Glass
- Headlamps, fog lamps, tail-lamp assemblies
- Bumpers, step bumpers, surrounding trim
- Navigation/display screen
- Factory entertainment system
- Convertible tops
- Carpets
- Mufflers and tail pipes
- Rubber door seals
- Mirrors, mirror covers and housing
- Nameplate badges and hood ornaments
- Molding, trim, metal and chrome
- Missing parts (up to $300 per occurrence)
You can learn more about this new program by visiting our dealership at www.winslowbmw.com, 730 N Circle Dr., Colorado Springs, CO 80909 or calling us at (866) 258-0927.