Volkswagen e-Golf Forum

It is currently Tue Apr 23, 2019 2:08 pm

All times are UTC - 8 hours [ DST ]




Post new topic Reply to topic  [ 20 posts ]  Go to page 1, 2  Next
Author Message
 Post subject: Excess wear and tear insurance
PostPosted: Thu Dec 17, 2015 12:25 pm 
Offline

Joined: Fri Dec 11, 2015 1:20 pm
Posts: 9
Hello,
After reading some posts on this topic, I am still debating whether I should get excess wear and tear insurance.
One dealer told me it's not that critical for normal commute, but could be important for places like San Francisco. Another dealer didn't even mention it if I hadn't asked. What should be price range for this insurance?
Thank you very much!


Top
 Profile  
 
 Post subject: Re: Excess wear and tear insurance
PostPosted: Thu Dec 17, 2015 10:04 pm 
Offline

Joined: Wed Oct 21, 2015 1:23 pm
Posts: 8
I paid 500 for a 2016. Decided it was worth it for the tires, let alone any dings.
I'm in Marin, seeing fewer dings than my 20 years in SF. But it seemed like a decent bet.

One thing: the dealer charged me sales tax for it, and I'm still wondering if it is genuinely taxable. Anyone else in CA pay tax on their policy?

_________________
2016 SEL
Juicebox 40


Top
 Profile  
 
 Post subject: Re: Excess wear and tear insurance
PostPosted: Fri Dec 18, 2015 2:30 am 
Offline

Joined: Thu Oct 29, 2015 7:34 pm
Posts: 370
We weren't charged tax for our excessive wear policy. I'd contact the board of equalization if you're concerned about it.


Top
 Profile  
 
 Post subject: Re: Excess wear and tear insurance
PostPosted: Fri Dec 18, 2015 11:23 am 
Offline

Joined: Tue Oct 27, 2015 9:34 am
Posts: 22
Location: Sunnyvale, CA
One of the features of "Excess wear and tear insurance" as it stays in the brochure - is to be able to return the car 6 month earlier or after the lease termination day. While purchasing the insurance I was told that my payments would stop as well after 2.5 years if I decide to terminate 6 months earlier. Today I called VW credit and they told me that I still have to pay for three years. So I actually don't really understand the benefit of this feature.

Anybody has idea ?


Top
 Profile  
 
 Post subject: Re: Excess wear and tear insurance
PostPosted: Fri Dec 18, 2015 12:04 pm 
Offline

Joined: Fri Mar 27, 2015 4:13 pm
Posts: 1239
Location: Los Altos, CA
The main point of the Excess Wear and Tear insurance is to restore the car to salable condition with no out of pocket expense to you. When you return a leased car with door dings or other damage, they will ask you to pay for that damage that is not normal wear and tear. With the Excess Wear and Tear policy, if any single item is over $1,000, they will ask you to use your regular insurance to fix it. Any other items will be waived up to a total of $10,000. At least that is how it was explained to me when I got our e-Golf.

I've never seen the early return language before.

_________________
2015 e-Golf LE (returned) | 2018 Tesla Model 3 LR | 2012 RAV4 EV Shoreline w/JdeMO | Leviton EVB40 & Jesla Home Charging | 4.32kW Motech/Enphase PV + 2x Powerwall 2 AC


Top
 Profile  
 
 Post subject: Re: Excess wear and tear insurance
PostPosted: Fri Dec 18, 2015 12:15 pm 
Offline

Joined: Tue Oct 27, 2015 9:34 am
Posts: 22
Location: Sunnyvale, CA
Here is the brochure. See the second page.
https://www.vw.com/content/dam/vwcom/PDFs/G52815_LEWP_Brochure.pdf


Top
 Profile  
 
 Post subject: Re: Excess wear and tear insurance
PostPosted: Fri Dec 18, 2015 12:54 pm 
Offline

Joined: Fri Dec 11, 2015 1:20 pm
Posts: 9
Thanks everyone for the extra information.

Anyway, it is probably too late to consider it. When we picked up the car yesterday, they didn't try to sell any add-on options to my wife who was signing all the paperwork. I guess I will just be extra careful and keep my finger crossed ...


Top
 Profile  
 
 Post subject: Re: Excess wear and tear insurance
PostPosted: Fri Dec 18, 2015 3:48 pm 
Offline

Joined: Thu Oct 29, 2015 7:34 pm
Posts: 370
ohliumliu wrote:
Thanks everyone for the extra information.

Anyway, it is probably too late to consider it. When we picked up the car yesterday, they didn't try to sell any add-on options to my wife who was signing all the paperwork. I guess I will just be extra careful and keep my finger crossed ...

Call them up, I'm sure they'd love to sell you some extra insurance. I'm not even badmouthing it, but it is one of the ways they make their money. But $600 dollars for 3 years total piece of mind regarding things that are outside my control is a lot easier to stomach than crossing my fingers for those years.


Top
 Profile  
 
 Post subject: Re: Excess wear and tear insurance
PostPosted: Fri Dec 18, 2015 4:19 pm 
Offline

Joined: Thu Oct 29, 2015 7:34 pm
Posts: 370
golfsok wrote:
One of the features of "Excess wear and tear insurance" as it stays in the brochure - is to be able to return the car 6 month earlier or after the lease termination day. While purchasing the insurance I was told that my payments would stop as well after 2.5 years if I decide to terminate 6 months earlier. Today I called VW credit and they told me that I still have to pay for three years. So I actually don't really understand the benefit of this feature.

Anybody has idea ?

If you didn't have that feature and you tried to turn your lease in too early or too late you'd have to pay additional fees and penalties over and above the lease payments. You still have to pay the lease payments regardless, so I don't know why anyone would turn in a leased car early. Keeping it for a few months might be worthwhile if you're going to lease or buy and you're near a peak sale period (like a major holiday or end of the year).


Top
 Profile  
 
 Post subject: Re: Excess wear and tear insurance
PostPosted: Fri Dec 18, 2015 4:27 pm 
Offline

Joined: Fri Mar 27, 2015 4:13 pm
Posts: 1239
Location: Los Altos, CA
golfsok wrote:
One of the features of "Excess wear and tear insurance" as it stays in the brochure - is to be able to return the car 6 month earlier or after the lease termination day. While purchasing the insurance I was told that my payments would stop as well after 2.5 years if I decide to terminate 6 months earlier. Today I called VW credit and they told me that I still have to pay for three years. So I actually don't really understand the benefit of this feature.

Anybody has idea ?
After reading the brochure posted above, I read it to mean that the Excess Wear Protection applies "at any time prior to or within 180 days after the original scheduled lease termination date". In other words, if you extend the lease, you can only extend it 180 days and still take advantage of the Excess Wear Policy. If you end the lease early, by any amount, you can take advantage of this policy.

_________________
2015 e-Golf LE (returned) | 2018 Tesla Model 3 LR | 2012 RAV4 EV Shoreline w/JdeMO | Leviton EVB40 & Jesla Home Charging | 4.32kW Motech/Enphase PV + 2x Powerwall 2 AC


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 20 posts ]  Go to page 1, 2  Next

All times are UTC - 8 hours [ DST ]


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
© Volkswagen e-Golf Forum - part of the MyElectricCarForums.com Group