Fair Wear and Tear Guidelines
Contents
1. Twisted distorted or bent chassis X Any damage to underbody that would fail any state roadworthy inspection EXTENSIVE RUST CORROSION Tyres including spare Alloy Wheels and Wheel Trim Acceptable Y All four alloy wheels wheel trims must be intact with no more than minor scuffing due to everyday use The spare wheel jack and appropriate wheel tools must be stowed properly and be in good working order Y Scrapes and scratches covering not more than 30 ofthe surface area Y Minor scuffing Unacceptable X Alloy wheels that have scrapes and scratches covering more than 40 of the surface area X Mismatched tyres and wheel trims MOU wo ye gt a DAMAGED ALLOY WHEELS Accessories and Equipment Acceptable Y All original controls must be intact and operate correctly If replacement has been necessary e g due to theft then equipment of a similar value and specification preferably of the same manufacture as the original should be fitted Y Removal of any accessory fitted at the customer s expense provided this does not cause damage to the Vehicle MISSING ACCESSORIES CIGARETTE LIGHTER COIN TRAY TRIM X Unroadworthy tyres that do not meet any state roadworthy inspections e g damage to sidewalls or tread caused by kerbing or other heavy misuse X Uneven tyre wear X Replacement tyres wheels that do not meet manufacturer recommendations X Retreads X Damaged missing mudfl2. reduced amount is called the Adjusted GFV and will not be sufficient to meet your balloon final payment obligation How do you avoid a fair wear and tear adjustment being made to the GFV i Keep your Vehicle in good order and repair and ensure that it is regularly serviced in accordance with Lexus recommendations as set out in the Lexus Service and Warranty Handbook ii Ensure that your Vehicle does not travel more than the agreed kilometres Lack of regular servicing and attention to preventative measures plus misuse or neglect are the main reasons for vehicles not meeting these Fair Wear and Tear Guidelines Some tips to ensure that your Vehicle meets the Fair Wear and Tear Guidelines Ensure your Vehicle is regularly serviced in accordance with Lexus recommendations refer to your Lexus Service and Warranty Handbook Regularly clean your Vehicle inside and out including the upholstery and trim Regularly check fluid levels and top them up when needed Immediately investigate any unusual mechanical noises or poor running symptoms refer to your Lexus Dealer for assistance Fix any damage or defects when they occur Ensure that all controls are working Regularly inspect your tyres and wheels to ensure that they are in good condition and sate Do not exceed Lexus towing guidelines for your Vehicle Complete the Fair Wear and Tear Guidelines Checklist periodically and prior t
3. ALE lt Financial Services LEXUS OWNERSHIP SOLUTIONS Fair Wear and Tear Guidelines Preparation date 1 May 2014 lexus com au ownershipsolutions These Fair Wear and Tear Guidelines are only applicable if you return your Vehicle on the expiry date They are to be read with your Lexus Ownership Solutions Finance Contract It is important that you are familiar with these Guidelines They provide a basis for determining what is reasonable fair wear and tear for a vehicle at the end of your Finance Contract based on the term and agreed number of kilometres End Odometer as set out in your Lexus Ownership Solutions Finance Contract What is fair wear and tear Fair wear and tear means The deterioration in the repair working order and appearance of your Vehicle as is reasonably consistent with your obligations to use and maintain your Vehicle in accordance with your Lexus Ownership Solutions Finance Contract and these Fair Wear and Tear Guidelines Your Lexus Ownership Solutions Finance Contract provides that you must keep your Vehicle in good order and repair These Guidelines define the limits of acceptable damage and wear and provide clear examples of damage and wear that Lexus Financial Services LFS will and will not accept as fair wear and tear Why is fair wear and tear relevant to my Lexus Ownership Solutions Finance Contract LFS has based the Guaranteed Future Value GFV fo
4. Minor dents are acceptable as long as the paint surface has not been penetrated so that bare metal is visible or corrosion has set in Minor areas of stone chipping bonnet lower wheel guard door edge chipping and light scratches are acceptable relative to the Vehicle s age and mileage as long as they have not penetrated through to the base metal and caused corrosion Examples are Y Scratches if not through colour coating no more than two per panel nine per car and less than 25mm in length and shallow excludes through to metal Y Stone chips six chips per panel up to 3mm in diameter Y Dents two per panel eight per car at 20mm diameter by 2mm deep EXPOSED METAL Unacceptable x x x x x Prominent paint touch ups major flaking Exposed undercoat or metal Hail damage buckling distortions missing badges Foreign matter etched into paintwork e g bird bat excrement Scrapes deep scratches more than 25mm in length and deep more than two per panel Dents greater than 20mm in diameter Misaligned panels Unrepaired or poorly repaired aerial holes or where applicable aerial must be left in place Poor panel paint repairs Any rust Structurally damaged bent twisted holes and rust in cargo area Prominent areas of major stone chipping Multiple dents occurring on a single panel no matter how small that requires repairing replacing Major abrasions more than 25mm signs of con
5. aps X Missing spare wheel tyre X Missing jack and any tools supplied at time of Vehicle delivery X Broken cracked tyres and wheel rims MISSING HUBCAP Unacceptable X Broken aerial X Removal of accessories financed by Lexus Financial Services X Missing cigarette lighters badges knobs rims tools jack soare wheel spare tyre service books X Missing keys and remotes X Missing Owner s Manual and Service and Warranty Booklets X Information stored in GPS Satellite avigation Systems should be deleted MISSING ACCESSORIES CIGARETTE LIGHTER COIN TRAY GEAR KNOB Fair Wear and Tear Guidelines Checklist These descriptions relate to passenger vehicles and light commercial vehicles which have travelled less than 100 000km Wear and tear commensurate with higher kilometres will generally apply For vehicles travelling greater than 100 000km refer to the Fair Wear and Tear Checklist at lexus com au ownershipsolutions Fair Wear amp Tear General Missing Service Manual Owner s Manual Missing keys or security system remote if applicable E g Missing damaged cigarette lighter knobs trims aerials E g Missing damaged tools jack Information stored in GPS Satellite Navigation systems should be deleted One or two minor chips bullseyes and stars not in field of vision Major chips bullseyes and stars and minor chips in field of vision Non operational or cracked broken
6. ed to the Vehicle due to the attachment or removal of decals stickers Damage to paintwork from bird and bat droppings ouldings Grille Bumpers Mudflaps Minor parking damage scuffing light scratches Medium damage divots gouging minor dents cracks Major damage rips major dents distortions holes Missing moulds grilles bumpers or mudflaps originally fitted to the Vehicle Underbody Minor dents and deformations Major impact damage Exhaust leaks which are the result of visible damage to the exhaust system Mechanical Condition Failure to service and maintain the Vehicle as per the manufacturer s recommendations resulting in premature component or assembly failure e g engine seizure metal to metal brakes transmission failure No Lexus Financial Services Locked Bag 900 Milsons Point NSW 1565 E financialservices lexus com au T1300 888 840 lexusfinance com au Lexus Financial Services is a division of Toyota Finance Australia Limited ABN 48 002 435 181 AFSL and Australian Credit Licence 392536 This guide has been prepared using the statement of the interpretation of Fair Wear and Tear Guidelines published by the Australian Fleet Lessors Association AFLA LFSO37 D 03 2015
7. headlights or lenses Tyres Unroadworthy Missing spare tyre Wheel Trims including hubcaps Missing split badly disfigured heavy scuffing Minor scuffing Interior trim upholstery carpets controls Screw holes from car phone removal Seats trim burnt cut holed ripped visible repairs Soiling to seats and carpets caused by normal use Permanent soiling to seats and carpets caused by abuse spills grease etc Rips cuts marks splits to trim and controls Normal odours tobacco smells Missing or inferior quality replacement controls Torn or split luggage area trim panels and floor coverings Paint Body Minor scratching less than 25mm in length and shallow two per panel Major scratching more than 25mm in length and deep more than two per panel Minor touch ups or minor flaking Prominent touch ups spoils from bird tree droppings major flaking Evidence of poor repairs colour mismatch misalignment between panels Major abrasions more than 25mm signs of constant use of automatic car wash Dents greater than 20mm diameter or paint surface penetration Dents less than 20mm diameter no paint surface penetration and no more than two per panel Hail damage buckling distortion missing badges Minor stone chipping on bonnet lower doors wheel guards Prominent areas of major stone chipping Unrepaired or poorly repaired aerial holes or aerial must be left in place Damage caus
8. nd needs o be repaired TORN UPHOLSTERY Dashboard Fascia and Door Trims Acceptable Y Moderate scratches markings Y Repaired console holes Y Fading caused by normal exposure to sunlight Y Removable stains and scuffing HOLES LEFT FROM INSTALLATION Bumpers and Mouldings Acceptable Provided these are not broken cracked or deformed a limited amount of scuffing and score marks is acceptable Examples are Y Marks covering an area less than 10cm x Imm deep Y Dents covering an area less than 20cm and not more than 2mm deep and two per bar SCRATCHES amp MARKS Unacceptable X Tears and splits in upholstery X Burn marks such as cigarette holes in seats X Holes or damage caused by fitting or removal of accessories e g car phone X Missing items accessories e g radio ashtray cup holder or inferior quality replacement controls MISSING LID COVER Unacceptable X Broken dented bumpers and mouldings includes divots gouging cracks holes splits rips and any distortion or twisting X Misalignment X Missing moulds grilles bumpers or mudflaps originally fitted to the Vehicle X Excessive paint chips A SPLIT BUMPER BAR Body Work Acceptable Any damage must be repaired when it occurs All work should be completed to a professional standard with any applicable anti corrosion guarantees taken into consideration Minor paint touch ups or minor flaking is acceptable
9. o the end of the contract term to avoid any surprises Examples of fair wear and tear are provided on the following pages For more information go to lexus com au ownershipsolutions Lexus Ownership Solutions Fair Wear and Tear Guidelines These Guidelines are a guide to what is meant by fair wear and tear which is the standard by which your Vehicle is to be assessed when it is returned to LFS relative to Vehicle type age and distance travelled Your obligations Maintenance Regular maintenance and servicing should be carried out by your Lexus Dealer or by an authorised repairer in accordance with Lexus guidelines using approved service parts and lubricants only Any defects or damage that occurs during normal Vehicle use should be rectified as soon as possible The Vehicle s Lexus Service and Warranty Handbook including the full service record and any other documents relating to Vehicle equipment should be retained and made available if the Vehicle is to be returned to LFS at the end of the Contract period All documents must be in the Vehicle upon return including any details of radio codes Appearance The Vehicle should be returned at the end of the Contract period in a suitably clean condition to allow proper inspection of the paint body and interior Additional Equipment Equipment such as car telephones that have been installed are to be removed and any holes or damage should be repaired to a profes
10. r your Vehicle on being returned in good and proper working order fair wear and tear excepted It is also based on the number of kilometres that your Vehicle will travel over the contract term i e the End Odometer If your Vehicle is not returned to LFS in an acceptable condition this results in the reduction in the GFV and the payment of a lesser amount e g the Adjusted GFV When will the assessment of fair wear and tear be made Prior to the expiry date of your Contract LFS will contact you to ask whether you are proposing to return your Vehicle on the expiry date in return or LFS paying you the GFV nominated in your Finance Schedule LFS assessment will be based on the condition of your Vehicle at that time and whether it meets hese Fair Wear and Tear Guidelines LFS will also check the odometer to determine whether an Excess Usage Charge will apply What happens if the Vehicle meets the Fair Wear and Tear Guidelines If your Vehicle meets the Fair Wear and Tear Guidelines and has not travelled more kilometres than agreed LFS will apply the GFV to your Finance Contract to meet your balloon final payment What happens if the Vehicle does not meet the Fair Wear and Tear Guidelines Where the Vehicle does not meet the Fair Wear and Tear Guidelines LFS will reduce the GFV by the estimated cost of repairing or restoring the Vehicle to the condition it ought to have been in at the end of the contract term This
11. sional standard All standard equipment together with non standard or customised fittings originally supplied with the Vehicle must be returned at the end of the Contract period Badges and Labels Non standard badges labels or advertising fitted to the body work or glass of the Vehicle should be removed with any damage caused by their attachment or removal fixed Any paintwork colour fade due to the attachment of advertising would result in an adjustment to the GFV Advertising should never be painted directly onto the Vehicle Keys and Security A full set of keys and remotes must be available and functioning Return of the master key which controls the Vehicle s engine management system is mandatory Ifthe Vehicle was originally supplied with a security system this should be intact and fully operational including any key or key fob necessary for operation Any additional non standard security system should be fitted according to a recognised standard Mechanical Condition The Vehicle must be regularly serviced properly maintained and kept in sound mechanical condition The following examples are conditions usually caused by Vehicle neglect or misuse and therefore are not regarded as fair wear and tear i Brakes Grooved brake discs caused by metal to metal contact ii Engine Seized due to running Vehicle with insufficient coolant and lubricating oil and with broken internal components iii Tran
12. smission Slipping erratic gear changing clutch slipping noisy transmission or ineffective synchromesh Examples of what is acceptable and unacceptable fair wear and tear These can vary between makes and models and are subject to change For more information on fair wear and tear go to lexus com au ownershipsolutions Carpet Upholstery Seats Roof Liner Floor Centre Console and Luggage Area Acceptable Y The interior should be clean and tidy with no visible burns tears or permanent staining to the seats headlining or carpets Wear and soiling through normal use is acceptable as are any repairs that are not readily visible Y Normal odours tobacco smells Y Fading caused by normal exposure to sunlight Y Removable stains and singes to size of 10mm in diameter that have not holed fabric material For light commercial vehicles it is recommended that a lining be fitted in the load area to prevent serious damage to the Vehicle s interior as excessive damage to this area is unacceptable CIGARETTE BURNS amp STAINS Unacceptable X Burns singes cuts rips holes tears visible repairs to seats trim and controls X Immovable stains e g permanent soiling to seats and carpet caused by things like abuse spills such as oil solvent paint grease etc X Damage to seat structure X Torn or split luggage area trim panels ining and floor coverings X Mismatched colours X Stitching that has come apart a
13. stant use of automatic car wash Damage caused to the Vehicle due to the attachment or removal of decals stickers DENT Glass Lights and Mirrors Acceptable Y One or two scratches outside the driver s line of sight with any repaired bullseyes accepted to a maximum size of 10mm Effectively the windscreen must be able to pass a roadworthy inspection Y Alllamps must be operational Minor scuff marks or scratches are acceptable CRACKED WINDSCREEN Underbody Acceptable Y Underside Minor dents and deformation such as stone damage is acceptable as long as it has not caused major corrosion Y Exhaust System The system should be properly suspended and in efficient working order with no gas leaks or evidence of blowing from the exhaust system joints and in undamaged condition Any suspected impact damage should be investigated and dealt with professionally OIL LEAK Unacceptable X Badly scratched windscreens breaks cracks or repair discolouration which interferes with driver s vision within swept area X Broken mirror glass lights or surrounds x Damage to electronics in front or rear screens X Any damage to lights and glass that would make them non operational and fail any state roadworthy inspection CRACKED LIGHT Unacceptable X Major impact damage X Oil leaks X Extensive rust corrosion x Damaged exhaust system exhaust leaks caused by such damage x Poor repairs x
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