We here at DCH Toyota of Oxnard always say that Toyota is looking out for its customers, and the development of their latest service more than proves it. Dubbed the Excess Wear & Use Protection Plan, it's focus is to put customers' minds at ease who've chosen to lease a new Toyota .
And how exactly can it do that? Simply put, by eliminating the fear of charges that they would otherwise be responsible for paying, in the event that they returned a damaged vehicle at the end of the lease. What's more, this new plan does that without the addition of complicated claims forms to submit or deductibles to pay.
"We did a survey and interviewed dealers," explains Jim Miller, national manager of product development at Toyota Financial. "About 25 percent of the dealers offered excess-wear products from an independent provider."1 However, while dealerships were offering similar plans, they really weren't taking off. In fact, Miller goes on to say that dealerships who offer similar programs have been asking for Toyota to offer a service of its own, as drivers tend to see more value in something with the Toyota name attached to it. In other words, Toyota is simply improving upon a process that historically has turned some drivers away.
But while we can confirm that the Toyota Excess Wear & Use Protection Plan is simple and accessible, we realize that some of you skeptics out there may be wondering how much coverage if actually offers, right? It's actually pretty comprehensive. In an official statement, Toyota confirms that the plan covers damage to the vehicles interior, wheels and hubcaps, mirrors, bumpers, body, and even the cost of replacing missing equipment.
DCH Toyota of Oxnard, hopes that learning more about the Excess Wear & Use Protection Plan helps you decide whether you're interested in financing or leasing your next Toyota. Of course, if you're interested in more information, feel free to contact us today.