A vehicle service contract is a plan that helps cover the repair costs while your vehicle naturally ages or in case of mechanical failure. After the warranty expires, owners are on the hook for 100% of the repair costs. This is where VSCs are a must-have.
The two most significant assets in our lives are our car and our house. A vehicle breakdown is not just a severe inconvenience. Without the right coverage, breakdowns can wreak havoc on your finances as well.
Everyone has heard of a limited warranty, but vehicle service contracts (VSC) are the new standard when it comes to protecting your car.
What does a vehicle service contract cover?
Vehicle service contracts cover the cost of repairing your car outside of the warranty as it ages or due to mechanical failure.
Some warranty and service providers make it very difficult to get your claim covered. Suppose you purchase a vehicle service contract from a reputable business. In that case, you’ll also be receiving peace of mind about the condition of your car.
It also makes budgeting easier if you’ve chosen the suitable vehicle service contract for your lifestyle and vehicle.
That peace of mind alone easily makes the price of a contract more than worth your while. Let’s take a closer look.
Innovative customer-friendly plans
The VSC provider’s job is to ensure customers have access to innovative protection plans free of limiting and restrictive terms. Customers value the ability to read contracts offering the fairest terms in transparent language.
All VSC providers should offer pro-consumer service plans.
Consumer-friendly limits of liability
It’s a fact in the world of service contracts that competitive pricing practices retain customers. That means you want to make sure your VSC provider has your bottom line in mind just as much as their own.
From the beginning, quality providers like Veritas Global Protection have been developing service plans that benefit their customers and ensure they always feel protected.
Are vehicle service contracts worth the cost?
According to AAA, the average cost of a car repair is between $500 and $600. That makes being covered by a service contract an intelligent move. Most people incur debt to pay for these costs, and then they are further out the cost of a rental while they wait for repairs. Never mind the inconvenience in itself.
With a VSC, you won’t have to spend any more money than the cost of your protection plan. That means you’ll be back on the road at no time, without the headache of having your finances impacted by unexpected repair costs.
Contract costs can depend on a few things
- Make and model of your car
- What your contract will cover
- Length of your contract
In general, VSC’s are very affordable. They come in a range of plans so you can choose the one that fits your needs best.
Vehicle service contract vs. warranties
Many people are confused by the difference between Vehicle Service Contracts and warranties. Although they share some features, vehicle service contracts give you more protection when your warranty runs out, or for servicing needs, the warranty does not cover.
Limited warranties are precisely that – limited – they only last for so many miles or years, and they cover limited repairs and defects. Only a service contract helps protect your wallet if a mechanical breakdown or unexpected damage occurs.
Here are some of the main differences between the two:
- Vehicle service contracts have different degrees of coverage. Extended warranties will only cover a definite mileage limit or period.
- Vehicle service contracts are provided by a 3rd party contract provider (like Veritas Global Protection). Warranties come from the manufacturer.
- You can apply a vehicle service contract as many times as required over the course of a vehicle’s life. Warranties are only applied to new cars.
- Vehicle service contracts will pay for roadside assistance to the mechanic for your vehicle to be serviced.
Service contacts cover the cost of labor, parts, and taxes any time a mechanical breakdown occurs. Warranties, on the other hand, always run out at the end of their term.
A VSC is the only way to ensure your vehicle is always protected.
Who are the best VSC providers?
There are many excellent VSC providers across the U.S. If you are looking for one with some of the most innovative plans, a slew of extras, and a company that’s here to serve the driver. Veritas Global Protection is a top-rated choice with many different plans available tailor-made to fit every circumstance and budget.
Eventually, your warranty will expire. That means all your repair bills and roadside assistance bills will fall on you. Contact a reputable VSC provider in your area and find out how they can help protect your vehicle, bank account and your peace of mind.