Executive Lease Coverage Service Agreement
02-15-2008, 09:16 AM
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Executive Lease Coverage Service Agreement
iblooongtitle
I'm hopefully about to finalize a deal on a G37 2 yr lease. One of the dealer add-ons offered was pretty much this lease coverage program that covers up to $2500.00 in damage (dings, scratches, etc) for an extra $600 or so. I'm hoping I won't ever need this, but how many of you who lease actually paid for such service.
There was also a Tire and wheel hazard program for another $700, which allegedly covers any thing that happens to your factory wheels and tires obviously. Blowouts, flat tires, curb rash, you name it, they replace the entire wheel, no deductable. (or so they say
)
Anyone paid for that service as well?
Thanks in advance for your answers.
I'm hopefully about to finalize a deal on a G37 2 yr lease. One of the dealer add-ons offered was pretty much this lease coverage program that covers up to $2500.00 in damage (dings, scratches, etc) for an extra $600 or so. I'm hoping I won't ever need this, but how many of you who lease actually paid for such service.
There was also a Tire and wheel hazard program for another $700, which allegedly covers any thing that happens to your factory wheels and tires obviously. Blowouts, flat tires, curb rash, you name it, they replace the entire wheel, no deductable. (or so they say
)Anyone paid for that service as well?
Thanks in advance for your answers.
02-15-2008, 09:46 AM
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I figured if anything that would be worth it. You still have to pay the labor cost or what?
02-16-2008, 07:15 AM
#5
From a statistical view, there is a greater chance you won't use either. That's why they're offered at those prices, because long-run, the dealer will make a decent profit. You're highly unlikely to have over $600 worth of damage at lease turn-in. Definite no to the lease coverage program (highly unlikely)
For tire/wheel, you're unlikely to incur over $700 damage. However, if you do, you'll kick yourself for not getting the warranty. No or maybe to the warranty (unlikely).
For tire/wheel, you're unlikely to incur over $700 damage. However, if you do, you'll kick yourself for not getting the warranty. No or maybe to the warranty (unlikely).
02-16-2008, 08:38 AM
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i got the wheel/tire protection just in case...
you also have to consider the area you drive at (road condition, constructions, etc)
and how you drive... my .02 cent
you also have to consider the area you drive at (road condition, constructions, etc)
and how you drive... my .02 cent
02-16-2008, 08:58 AM
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I was offered neither and I wouldn't go for either.
If we had run-flats the tire protection *might* be worthwhile. The last three leases I had were 2 yrs in length. There were no damages I had to pay out of pocket and there were no problems with tires.
Statistically, I'm ahead. If I have to pay for something out of this lease I might break even or would still be ahead.
If we had run-flats the tire protection *might* be worthwhile. The last three leases I had were 2 yrs in length. There were no damages I had to pay out of pocket and there were no problems with tires.
Statistically, I'm ahead. If I have to pay for something out of this lease I might break even or would still be ahead.
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