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Wear and Tear Protection protects
the lessee from uncertainty of excess wear & tear charges at
lease termination.
As
the lessor, your institution minimizes customer dissatisfaction
and collections issues.
Premier
Lease & Loan Services'® Wear & Tear Protection
can be sold on a blanket basis (provided by your institution) or
voluntary basis (the lessee chooses coverage at origination or within
first 6 months of the lease) to meet risk management, product enhancement
or fee income needs
Coverage
provided if lease reaches full term and the vehicle is returned
to your institution
Features
- Helps
your institution differentiate itself from other lessors
- Monthly
reporting on portfolio activity
- Wholly
owned dealer administration company providing expertise in dealer
marketing and processing
- Rapid
and accurate claims services
Benefits
- Increased
lessee satisfaction
- Improved
dealer relations
- Reduced
losses on returned vehicles
- Minimized
collection and administration expenses
- Fee
income to both your institution and the automobile dealer
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