During the purchase of a new or used car, we are often given the choice to buy a vehicle service contract. This protection plan is similar to an extended warranty.
It helps to cover the cost of repairs and give you the peace of mind you need in knowing you will be back to driving with little hassle involved. There are several benefits to including a vehicle service contract in the purchase of your vehicle that we will break down.
Issues Will Arise
Whether you are purchasing a small commuter car or a high-quality driving machine, problems will arise. Unfortunately, we can not predict the unexpected. Service contracts often cover a variety of repairs which can help ease the anxiety of a surprise bill from the garage.
You Plan on Keeping the Vehicle for a While
If the vehicle you purchased is one that you plan on keeping for a long time, know that the original manufacturer’s warranty will eventually expire. A good vehicle service contract will cover costly repairs that extend beyond the original warranty.
Cost-Effective
You may ask why you need extra coverage, especially if you have purchased a vehicle that stands out for its reliability. Service contracts can save you hundreds, or even thousands, in the end.
AAA states that the average repair bill can be between $500 to $600 dollars or more. A vehicle service contract can prevent you from having to reach into your precious savings in order to pay for that repair.
You Are a High Mileage Driver
If your daily commute or driving habits consistently add to your car’s odometer, a vehicle service contract is absolutely beneficial. Most offer long-term and high mileage plans that are sure to protect you from unexpected repairs that will pop up due to the high mileage put on the vehicle.
High mileage driving will ensure the vehicle extends past the coverage of the original warranty, which can leave you responsible for costly repairs if you aren’t covered.
Your Vehicle has State of the Art Equipment
It’s safe to say that most newer vehicles made today come with state-of-the-art components such as parking assist, navigation, and multimedia entertainment systems. While these features offer great perks to the driver, they are often very costly to repair. Many vehicle service contracts offer protection against these high-cost repairs.
In Conclusion
Purchasing a vehicle is expensive. This is something we can all agree on. And when you see the monthly payment or upfront cost, there can be a bit of sticker shock.
Many of us look at a vehicle service contract as yet one more thing to add to the price. But it’s important to consider the many benefits listed above, as well as others.
One company that I feel deserves mention for exceeding the expectations of others is Veritas Global Protection, a company that offers vehicle contracts not only in the United States but throughout much of the world. And their coverage extends past automobiles. They cover almost anything with an engine; cars, motorcycles, ATVs, and RVs.
Veritas Global Protection offers excellent customer service, speedy turnaround time, and some of the most competitive protection plans in the market.
