Vehicle Service Agreement:
Vehicle Service Contracts are a great way for vehicle owners to keep one of their biggest investments in top working condition. It's also one way buyers can protect themselves from the added costs of any unexpected repairs. With the advanced technology in today's vehicles, repairs can be costly and are often unpredictable. A Vehicle Service Contract can help protect you against unexpected repair costs and significant out-of-pocket expenses that may be required after your manufacturer's warranty has expired. Vehicle Service Contracts are available in several mileage/term combinations and coverage levels to meet your budget and specific needs. Costs depend on the type of vehicle you lease or purchase, how many miles are on the vehicles odometer at that point in time, the kind of repairs that the service contract covers, and the amount of years or miles the contract covers before it expires. Your options may vary, so ensure you find the right vehicle service Contract to fill your individual needs by speaking with your business manager.
How this plan can help reduce your cost of ownership:
Today's new cars and trucks come with comprehensive manufacturer warranties that cover most every part in the vehicle. However, there are three items that should be considered:
1. The Manufacturer's Warranty is Limited by either Time or Miles…Typically, 36 months and/or 36,000 Miles. Once this expires, unexpected repair bills become your responsibility. Have you ever wondered "why" the manufacturer only covers the vehicle for a limited time?
2. As the vehicle gets older, the risk and cost of repairs is significantly high
3. Over 91% of today's vehicle functionality is driven by a computer. Each new model year has more and more sophisticated technology built into the vehicles to improve safety, performance, comfort and value. Unfortunately, if something goes wrong, the necessary repairs are often complex and costly.