Motor Vehicle Service Contracts
Service contracts for vehicles such as cars, trucks, RVs, ATVs and motorcycles are an efficient way for consumers to protect their purchase and experience peace of mind when the manufacturer's warranty expires. Approximately one-third of all new car purchasers and nearly half of all used car purchasers buy a service contract. Most motor vehicle service contracts are purchased from dealers throughout the country at the time a vehicle is purchased. Consumers can also buy service contracts after the purchase of a vehicle from the manufacturer or a third-party provider. Service contracts help consumers keep their vehicles in top performing condition -- and hence valuable and reliable -- day after day.
Benefits of Vehicle Service Contracts
In addition to the peace of mind that comes with knowing the vehicle will be covered for most repairs and regular maintenance after the warranty runs out, automotive service contracts can also offer (depending on the type of coverage selected) the following benefits:
- Comprehensive bumper-to-bumper coverage, including everything from the exhaust system to the electrical system, the engine to the gas tank, the heater to the air conditioner, the leather seats to the sunroof, etc.
- Pre-qualified, professional auto technicians to perform the work, even on road trips for business or pleasure
- Protection against being stuck with repeated repairs
- Discounted maintenance costs amortized over time to avoid huge, unexpected and draining repairs bills
- Access to replacement vehicles during repair downtime
- Twenty-four hour technical assistance
- Roadside assistance such as towing
- Convenience and time savings
- Resale value may be enhanced
- Transferability to a new owner
Consumers Tips for Purchasing and Utilizing Vehicle Service Contracts
- Read the provisions carefully and become thoroughly familiar with all coverage and exclusions
- Carefully fulfill all obligatory responsibilities, such as regular oil changes, etc.
- Keep the service contract paperwork and all maintenance records in a secure, easy-to-access location
- Utilize the service contract for all covered repairs to maximize the function, value and enjoyment of your vehicle.
