Every new car comes with a bumper-to-bumper factory warranty when it comes fresh off the production line. Also referred to as a manufacturer’s warranty, this is how the manufacturer safeguards consumers against any performance or mechanical issues that could come about in the initial few years of the vehicle’s life.
On average, a factory warranty covers only four years of wear and tear on a vehicle, and some warranties last for only three years.
As soon as the manufacturer’s warranty has expired, the vehicle owner is typically on their own to stand the cost of major automotive repairs in case of an accident or faulty car parts. In addition, if you bought a used car, the warranty has likely expired for a very long time.
Investing in vehicle protection plans or vehicle service contracts can be an avenue to safeguard your wallet against substantial repair costs.
Intended to continue safeguarding certain parts of your vehicle against unexpected repairs and failure, buying a vehicle service contract can save you money in expensive repairs and protect you on the road for many years.
Below are some ways you can benefit from purchasing a vehicle service contract from a reputable provider like CarGuard Administration.
Peace of Mind
All parts of the vehicle have a projected lifespan, and the more miles of wear and tear the parts undergo, the closer the vehicle gets to possible failure or requiring a significant fix.
Car failures are more likely to happen to owners with vehicles that have high mileage. However, with a safety plan in the form of a vehicle service contract, you will be able to drive around with complete peace of mind, knowing you are covered in the event of breakdowns.
Capacity to Tailor the Plan to Meet Your Needs
Typically, factory warranties take a cookie-cutter approach to covering vehicle damage, with particular conditions in the fine print that could make them unbecoming for several drivers.
However, if you buy coverage from a reputable vehicle protection plan provider such as CardGuard Administration, you could have the opportunity to tailor coverage to suit your particular needs. For example, you can get as little or as much coverage as you deem necessary.
Maximize Resale Value
If you choose to sell your vehicle, you will likely want to get the most money possible. A vehicle service contract can assist you in maintaining your vehicle and retaining its value, thereby maximizing its resale value.
Some vehicle protection plans are transferable with the payment of a small fee. This will make your car much more attractive for potential new owners to purchase over another vehicle that is not covered.
Minimize Ownership Cost
According to experts within the motor vehicle industry, the average cost of vehicle ownership in 2022 was $10,728. This is a clear indication that owning a vehicle is a significant investment; therefore, it is vital that you can save money in certain areas.
Buying vehicle protection plans can assist drivers in avoiding costly repairs by not having to pay out of pocket. While a vehicle service contract has certain premiums or upfront costs, your provider will cover any huge repair costs incurred during the coverage period. As such, you will not have to be concerned about costly maintenance bills.
CarGuard Administration is a foremost insurance provider that offers various categories of coverage to safeguard car owners against unforeseen events. Outlined below are some of the different kinds of coverage provided by CarGuard.
There are three coverage options for customers and potential customers of CarGuard: Powertrain, Platinum, and Gold.
All of these options have unique benefits and features, making it essential for customers to understand the distinctions between them to make an educated decision. Below are details of the types of coverage provided by CarGuard Administration via vehicle protection plans:
The most basic coverage offered by CarGuard Administration is the Powertrain. Coverage is provided for the engine and transmission; however, all other mechanical parts are excluded.
This is an ideal option for individuals who are looking for basic coverage. It is also a good option for drivers whose warranties on their vehicles have expired and who are seeking a cost-effective solution to safeguard their transmission and engine.
In comparison to platinum coverage, this level of coverage provides an option that is a lot more budget-friendly. It covers the transmission and engine; however, it excludes coverage for the electrical system, the suspension, and all other mechanical parts.
In addition, Gold coverage makes provision for 24/7 roadside assistance; however, it does not provide reimbursement for the rental car. This option is ideal for drivers who would like basic vehicle coverage and still desire the peace of mind that accompanies being protected against unforeseen repair costs.
Platinum coverage is the most inclusive option provided by CarGuard. This type of coverage provides total protection for your car, including the transmission, engine, electrical, suspension, and all other mechanical parts.
In addition, it provides rental car reimbursement and roadside assistance 24 hours a day in case of a breakdown. With this type of coverage, customers can enjoy peace of mind since they will know that their vehicle is safeguarded against any unexpected repair cost.
All in all, CarGuard Administration provides a range of coverage options to satisfy the desires of its customers. Whether you would like total protection for your car or only basic coverage, CarGuard Administration provides a coverage option that is best for you.
You must carefully consider your coverage needs and prepare a budget before making a final choice. This is because the kind of coverage you select will profoundly impact your peace of mind and financial security.