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Monday, 13 January 2014

Get More Value With Your Vehicle With Extended Service Plans

By Marissa Velazquez


When consumers purchase extended service plans, the amount of coverage obtained on a specific item will be outlined in the agreement. The plan is considered to be a contract between the buyer and the seller and the details could include any number of parts and components or specific items. The contract will identify all items that are to be included in the coverage purchased by the buyer.

Some parts in the agreement may not become effective until many years after the automobile is purchased. The warranty plan could cover only the power train, or any part and component that is in the vehicle at time of purchase. A manufacturers warranty will cover costs to replace parts that break during the first year of ownership, and other part warranties will begin after the first year has passed.

The person sponsoring the extension of service is likely to be the dealership that sold the car. The maintenance records will be maintained at that location, but repairs can be completed by any certified mechanic. To entice more buyers, some dealerships will include service bonuses as part of a sales package, such as free maintenance checks, oil changes, and tire rotations.

For purchasing automobiles, the consumer has the option of selecting a protection plan that provides coverage for replacement of any part or component that is installed on the vehicle. This level of protection will extend from one bumper to the other. All types of components and replacement parts, and any labor costs incurred during the replacement process will be included in this full range protection plan.

A service maintenance agreement can be viewed by buyers as a discount opportunity if future repair costs are considered. Discounted rates can be offered on these plans when the automobile is sold from a dealership that manages the sale of hundreds of vehicles a year. A true sales person should be able to boast about the savings available if the buyer would select a plan and close the deal on that date.

All costs for a vehicle will be defined in the sales contract. The plan for service will generally include the specific period of coverage, and if the auto is sold before the ending date of the contract, a refund will be processed for the seller of the vehicle. The contract will also state in writing what components or parts are not part of the warranty protection.

Some items protected under the warranty coverage will be only included under the plan for a certain number of miles. When buying a new vehicle, buyers can expect this type of coverage to be offered but should not expect the price of the automobile to be reduced just because the owner elected to purchase this type of protection.

More and more car buyers are selected extended service plans because the owner plans to operate the car for longer periods of time. With the scheduled maintenance plans that are offered on vehicles today, the automobiles seem to last longer. Any worn out parts are discovered early before it affects the operation of the vehicle.




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