Lease Wear and Tear
Are You Maximizing Your Revenue Potential?
The coverage you need
Typically Lease Wear and Tear policies allow for coverage at lease end only and do not allow for mechanical break down coverage. DOWC® has registered its lease bundle product as a service contract in most states, which will allow customers to maintain the wear and tear of their leased vehicle DURING the lease term as opposed to just at lease termination.
Items typically covered by our lease wear and tear bundle include:
- Mechanical break down protection (leases with longer allowable mileage)
- Break pad replacement
- Scratched paint
- Windshield repair and replacement
- Upholstery Damage
- Exterior Dents and Dings
The Dealer Owned Difference
DOWC
Fully customizable
Private label branding
Coverage lasts the full life of the lease
Dealer Retains all Reserves
Dealer fully owns products
Dealer can utilize claims at lease end
Dealer controls payout as beneficiary
The Other Guys
Coverage with little to no customization
Branding is generic
Coverage begins only at lease end
Customer is the only beneficiary
Most administrators own ancillary product reserves
Claims redeemable upon vehicle return
Vehicle returned to leasing company