This is if the vehicle is damaged beyond what is normally expected in a contract term of a vehicle, charges are applied by the finance company and examples of excess wear are ripped interior, damaged or broken parts, interior and exterior panel damage etc.
Potential additional charges if the vehicle is damaged or has wear beyond what is normally expected for the lease term. Examples of Excess Wear include cracked windshields, body damage, broken equipment, defaced interiors, etc.
Damage done to the car beyond the expected wear and tear from driving. Excess wear and tear is usually determined by the leasing company.
Amount charged by a lessor (Land Rover Financial Services) to cover wear and tear on a leased vehicle beyond what is considered "normal". The charge may cover both interior and exterior damage, such as upholstery stains, body dents and scrapes, and tire wear beyond the limits stated in the lease agreement. The lessee must either repair the excess wear and tear or pay the lessor the estimated cost of repairs.
Most lease contracts have a clause which states that the person leasing the car is responsible for the cost of "excess wear and tear" to the vehicle when it is returned. When cars are used, they will eventually show signs that someone has been in them. What is considered excessive? Check your contract for specifics. But keep in mind that it is important to have the car washed and detailed before you return it. This can go a long way to avoiding having your security deposit revoked or extra charges levied by the leasing company.
A charge assessed at lease end if the vehicle is damaged or appears worn beyond normal expectations for the length of lease. Examples include exterior dents, dings, and scratches as well as interior stains, rips, or damage.
Leases contain specific standards for excess wear and tear. Included are such items as missing parts, scratches, dents, mismatched/bald tires, cracked glass, ripped/torn/burned interior and inoperable mechanical parts. The lessee must either repair the excess wear and tear, or pay the lessor the estimated cost of repairs.
