What is considered excessive wear and tear?
• Can Excessive Wear And Tear Claims Be Disputed? #1 What Is The Lease Termination Appraisal Service? The automotive appraisal services group Lease Termination Appraisal Service is all that’s needed to successfully prove to a leasing company (lessor) the value of a leased vehicle upon termination of a lease. The termination of the lease can be early or scheduled. Back To Top #2 How Is The Lease Termination Appraisal Used? The automotive appraisal services group Lease Termination appraisal is used as a support document to substantiate to the leasing company (lessor) the end-of-lease or residual value of the vehicle at the termination of the lease. The termination can be early or scheduled. Often a leasing company (lessor) requires a professional-certified appraised value be established when terminating the lease. The aasg lease termination appraisal meets that requirement. Back To Top #3 When Leasing From A Nationally Recognized Leasing Company…Is An Appraisal Necessary? YES! The size
Most leasing companies will allow for a few small door dings, scratches, stone chips, and interior wear that typically occurs over a three year period. However, a cracked windshield, bald tires, dents, and body damaged that is not professionally repaired will be charged back to you after you turn in your vehicle. It is recommended that you take care of such damage before turning in your vehicle. The cost of such repairs will most likely be less than what you will be charged by the leasing company.
Excessive wear and tear on any vehicle is a “gray” area of definition. It’s highly subject to interpretation. A basic definition is any concern, be it cosmetic or mechanical, that falls under the category of beyond normal as compared to other like vehicles. What’s considered normal, everyday wear and tear to one, is excessive to another. The question now becomes; what is normal? Again, a “gray” area of definition. There are many factors that need to be addressed. The vehicle’s age, its mileage, availability of service/repair/maintenance receipts, how it was utilized, even where it’s parked, just to mention a few. Each lease is different, each vehicle is different. The same is true for excessive wear and tear definitions. The lessor’s standard for excessive wear and tear is found in your lease agreement. A good way to determine excessive wear and tear is if the specific concern would occur within the normal, day-to-day use and operation of the vehicle. Typical examples include: * Broken
