Where would we be without our personal vehicles, which have become such an integral part of our day-to-day lives? Whether we’re dropping a child off at practice, running late for an important meeting, or simply going for dinner and drinks with close friends, vehicles are the essential tool that gets us from point A to point B quickly and conveniently. We depend on our vehicles, and we count on them to work every time we need them. With nearly 4 in 10 Americans looking to purchase either a new (21%) or used (18%) vehicle in the next six months, and with car prices skyrocketing, many new owners are looking for a way to preserve their investment.
While many people protect their vehicles by practicing safe driving and following the rules of the road, no one can be sure that other drivers will do the same. Accidents occur all the time, and so do vehicle breakdowns – and either one can cause a major headache. Pricey repairs from mechanical or electrical failures are never expected and can bring additional stress if you’re not financially prepared. So when you’re purchasing a new or used vehicle, you can save yourself thousands of dollars down the road by purchasing a vehicle service contract at the same time.
Vehicle service contracts provide protections beyond the manufacturer’s warranty, ensuring that your ride is ready for continued long-term use. These contracts can offer many benefits, from comprehensive end-to-end coverage for the electrical system to protection for leather seats. Many also include access to pre-qualified auto technicians and discounted maintenance, among other things.
According to a recent survey, more than half of Americans (52%) have purchased a vehicle service contract, known by many as an “extended warranty.” Among those who have done so, more than 3 in 4 (76%) say they would recommend vehicle service contracts to family and friends. The most common reasons for purchasing a vehicle service contract include: the higher expense of repairing today’s more sophisticated cars (43%), peace of mind knowing repairs will be covered (40%), lack of funds to cover the cost of repairs (21%), belief that service contracts are generally a good deal (18%), and the tendency to buy products that minimize risk (12%).
So whether you have a new or used vehicle, a vehicle service contract or vehicle protection product can provide the added peace of mind and cushion for your wallet in the event of an accident or breakdown.
Because these days, you’re truly stuck if you can’t count on your vehicle.
To learn more about vehicle service contracts, visit https://go-scic.com/service-contracts/auto/
*Actual coverage may vary. SCIC is not a service contract provider and cannot warrant or otherwise guarantee coverage. Be sure to reference your service contract for the terms and conditions of coverage.