As 2021 comes to a close and a new year is ahead of us, we tend to start plotting out what changes and decisions we will make to help ensure a successful future. We may choose to plan for home renovations, make strides toward healthier living, or set other personal goals in our “New Year’s Resolutions.” Assessing the health and longevity of your automobile’s life is another consideration you may have.
Until new vehicle inventory levels begin to normalize, the demand for pre-owned vehicles is expected to remain high. In fact, current owners of pre-owned cars, trucks or SUVs may choose to hold on to their vehicles longer than they initially expected. Keeping your vehicle for a few years more can mean additional expenses as wear and tear becomes more obvious.
Many consumers are seeking peace of mind when it comes to repairs. One way to prepare for the decision to hold on to your vehicle a little longer is to purchase an Extended Service Agreement, also known as a Vehicle Service Agreement (VSA), which could cover certain repairs on your vehicle for another 3-5 years.
Getting an Extended Service Agreement is a great way to help you feel protected when you are on the road. There are a variety of coverage options to consider. For instance, an Expense Reimbursement Package offers reimbursement for the cost of a rental car if you are unable to drive your vehicle due to a breakdown. Another nice security feature is the Travel Lodging coverage. If you are stranded overnight at least 100 miles from home, you may be reimbursed for lodging and meals.
Consumers can purchase a VSA at the time of buying their new or pre-owned vehicle, or even during their current ownership. If you are approaching the end of your manufacturer’s warranty, we can help provide options, at any Herb Chambers dealership. A Herb Chambers Business Manager can help you find the best coverage to fit your budget.
In general, VSA’s may cover items such as:
- Transmission and engine systems
- Exhaust system
- Steering system
- Heating and air conditioning
- Drive train
- Pumps, alternators and manifold
- Warranty Deductible
- Expense Reimbursements
Ultimately, you should consider how long you plan on keeping your current vehicle and determine the cost of coverage versus the cost of any anticipated repairs. We will present the available options to help you preserve the life of your vehicle, and when you are ready to purchase or lease a new vehicle, we will be here to help with that too! Visit Herbchambers.com now and start planning for the New Year!
Happy Holidays!
