Know Your Protection Products
When budgeting for a new vehicle, it's important to think about Protection Products. Ask yourself, how well can you handle an unexpected repair? What happens if you lose your job? Can you afford the cost of major scheduled maintenance?
𝑷𝒓𝒆𝒑𝒂𝒊𝒅 𝑴𝒂𝒊𝒏𝒕𝒆𝒏𝒂𝒏𝒄𝒆: Keeps your vehicle maintained to the highest standard and ensures all required maintenance is completed. When bought up front, with your vehicle, it costs you much less than pay as you go.
You are protected from the rising costs of maintenance
Proper maintenance prevents mechanical breakdowns
𝑬𝒙𝒕𝒆𝒏𝒅𝒆𝒅 𝑾𝒂𝒓𝒓𝒂𝒏𝒕𝒚: Unexpected break downs or repairs happen. Usually at the most inopportune time and can be quite costly. Protect yourself over the length of your loan to enjoy peace of mind driving.
Most extended warranty plans include roadside assistance
Pick from a variety of coverage options from bumper to bumper to power train essentials and what term of coverage you need
𝑫𝒊𝒔𝒂𝒃𝒊𝒍𝒊𝒕𝒚 𝑰𝒏𝒔𝒖𝒓𝒂𝒏𝒄𝒆: If you were to be off work due to an accident or illness, how would you make all your payments? The unfortunate trick of it is that we can't predict if or when these situations arise.
Insurance through your work will only cover you for a portion of your base income. It normally does not account for overtime, living allowance, truck allowances or bonus plans. You then have to pay your rent/mortgage, insurance, car payments, utilities and living expenses on a fraction of what you are accustomed to. Disability insurance covers your car payment so you can allocate your money to other things.
As disability insurance keeps your payments on schedule and up to date so you aren't hurting your credit with missed or incomplete payments.
𝑳𝒊𝒇𝒆 𝑰𝒏𝒔𝒖𝒓𝒂𝒏𝒄𝒆: No one plans to die. It's unpleasant to think about, but like illness, disability and loss of work, death can come out of left field and really cause havoc on those left to pick up the pieces.
This coverage provides your family with an asset rather than a debt that will be taken from your estate
If you have a co-signer on your car loan, life insurance provides peace of mind knowing that they will not be held responsible for the loan
Depending on your lifestyle and budget these products are designed to take the unexpected out of your ownership experience. The cost is small and when rolled into your car loan becomes very affordable. As with most products of this nature, when you need them it's a huge relief to have them. Your future self will thank you for giving your self protection for any of life's unexpected moments.
Our finance manager can work with you to understand exactly what the best products are for your vehicle purchase.