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Your daily need for
an enjoyable and dependable driving experience and reliable
transportation means that purchasing a pre-owned vehicle
is one of your most carefully made decisions. You look
forward to years to trouble-free driving. You want assurance
that possible future repair costs are going to be something
you can handle.
When it comes right down to it, a mechanical
protection plan is not designed for your car. It is designed
for you and your family. The proper plan will help ensure
that your investment in a vehicle will be protected. You
won’t have to face the crisis of major breakdowns.
Unexpected repairs can seriously increase your monthly
expense. You won’t have to put off that vacation,
tap into your savings, run up the high interest on your
credit cards to keep your car performing for you and your
family. It means that for a few extra dollars a month,
you won’t have to suffer an unexpected crisis that
will alter the lifestyle that you’ve worked so hard
to attain.
If your vehicle runs “perfect” 99.9%
of the time, you could still need coverage. Today’s
vehicle has nearly 15,000 working parts. If your vehicle
runs “perfect” and only 1/10th of 1% of those
working parts fail, you will have 15 parts fail. Costs
on those failed parts and components could run from pennies
to thousands of dollars.
With today’s technologically advanced
vehicles and the fact that repair cost are accelerating
because of this complexity, it makes as much sense to be
covered for repairs that are going to be needed as it does
to be covered for physical damage on that same vehicle.
An owner of today’s complex vehicle will use vehicle
failure protection more than any other coverage in the
next 5 years. Comprehensive and collision, Medical and
Dental insurance will account for over 90% of money spent
for various types of protection while less than 8% is spent
on vehicle protection. Yet, if a need occurs for the use
of any of these products, there is a 55% chance that it
will be in the vehicle service contract area.
Your service contract can be included in
the financing at the time of purchase. The financial institution
wants to protect its investment as much as you do. Eliminate “problem
obligations.” You have an obligation to make the
payment on your new vehicle. This becomes a problem for
both you and the lending institution if repair costs rob
you of your ability to meet this obligation.
It maintains your level of confidence and
satisfaction in your vehicle. It can aid in the proper
operation of your car for years, giving you peace of mind.
It is a hedge against inflation as you
pay for the protection at today’s rate and will be
covered over the term of your contract without regard to
inflation on both parts and labor over that term.
Whether a breakdown becomes a minor
inconvenience or a major headache may depend on who pays
for the problem. Without protection, the problems that
can occur when a vehicle faces any type of mechanical
breakdown can put your life on hold in a big way. They
disrupt your life with unwanted things like time delays,
inconvenience, repair costs, schedule interruptions,
missed work, and unpaid regularly scheduled bills.
A buyer who purchases a protection product safeguard not
only his/her buying power, but that of the entire family.
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