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Get More Value With Your Vehicle With Extended Service Plans

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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.

The dates of the replacement coverage should be identified in the contract, and the start date is generally not the purchase date of the vehicle. Some automobile manufacturers will provide a warranty period of one year or more to repair and replace any item that breaks during that time period. When that period passes, then the coverage will extend to the length of time stated for the protection plan.

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.

Many buyers will select extended service plans to limit repair costs in the future. Some gadgets and modules are expensive to replace and having that protection in place from the date of purchase will give buyers confidence to make a deal. Various types of coverage can be considered before and after the sale.




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