
A vehicle service contract is a great option to increase peace of mind on the road and help protect your wallet from surprise vehicle repair bills.
This type of protection plan, which is similar to an extended warranty on your vehicle, helps to cover the cost of unexpected vehicle repairs and get you back on the road with as little hassle as possible. This includes dealing with the repair shop, so you don’t have to, and of course… covering the bill for most repairs.
So, how do you know if it’s right for you? Keep reading to learn about the top reasons why you might want to consider purchasing a vehicle service contract like Flex Coverage by Ally.
1. You Own Your Vehicle and Plan on Keeping It a While
Do you plan to keep your vehicle past the original manufacturer’s warranty, or has the original warranty already expired? A vehicle service contract is designed to help protect you from the cost of vehicle repairs beyond your original manufacturer’s warranty. So, if you plan on keeping your vehicle for a few years (versus trading it in for a new model) a vehicle service contract may be a good option to continue coverage on your vehicle.
2. You’re a High-Mileage Driver
A vehicle service contract may be the right option for you because most offer long-term and high-mileage plans that help protect you from unexpected repair expenses beyond most manufacturer warranties.
Also, if you’re a high-mileage driver, you run the risk of driving out of your original manufacturer’s warranty sooner rather than later, leaving you responsible for vehicle repairs.
3. You Don’t Want to Deal With Surprise Repair Bills or You’re Budget-Conscious
Even if you don’t consider yourself budget-conscious, a vehicle repair bill is often a huge hassle to deal with, as well as being a financial burden. A vehicle service contract can virtually eliminate that hassle, so an unexpected vehicle issue doesn’t bring the rest of your life to a screeching halt.
If you’re on a tight budget, you’re not alone. Nearly half of Americans report that they live paycheck to paycheck. If you don’t have an emergency fund, or cash stashed away that could be used to pay an unexpected vehicle repair bill, a vehicle service contract might be a smart choice. In recent years, the average cost of a vehicle repair was just under $400. Depending on your vehicle issue, a repair bill could range anywhere from $250 to a few thousand dollars!
4. Your Vehicle Has High-Tech Components
Most new vehicles are filled with high-tech components like navigation, infotainment systems, parking assist, etc. These components offer great perks to the driver but tend to have very high repair costs if anything goes wrong. The good news is that Flex Coverage helps to protect virtually all these high-tech components, so you can enjoy the comfort and convenience they offer you every day without worrying about the high cost of repair.
5. You Want Peace of Mind, Perks, and Less Hassle
If above all else you want to rest easy knowing that you will be covered in the event that your vehicle fails, then a vehicle service contract is something you might want to consider. Trust and reliability are two key ingredients for peace of mind, which is why Flex Coverage offers protection for more than 7,400 vehicle components and approves virtually all claims submitted.
In addition to covering the costs of vehicle repairs, Flex Coverage also offers several perks to help you get back on the road with as little hassle as possible – including 24/7 roadside assistance and reimbursement for a rental vehicle or public transportation (up to a certain dollar amount) while yours is in the shop. Limitations apply – please find full details on our website or by reviewing a sample contract (which can be found on our website).
Sound like a potential fit for you? You can give us a call to learn more about your coverage options, get a customized quote, or speak with one of our specialists about Flex Coverage.
Call 1-877-241-2559
Updated March 30,2020
Comment on this article
Comments
Lollie E. on June 24, 2018 at 9:52am
What will be monthly payments for this extended warranty coverage? I do think it would be wise that I purchase it.
Ally on June 25, 2018 at 4:08pm
Hi Lollie, your cost depends on the vehicle, mileage, and length of contract selected, as well as the vehicle's age and the deductible you choose. Learn more and get a quote for your vehicle by calling 1-844-412-2559.
Gail on July 29, 2018 at 2:39pm
If i decide to purchase additional protection for my jeep, will this be added to my loan payment, or do I need to pay for it up front?
Tammy C. on July 29, 2018 at 7:12pm
What is the monthly cost for my 2014 chevy equinox with almost 60,000 miles
Ally on July 30, 2018 at 2:16pm
Hi Tammy, your cost depends on the vehicle, mileage, and length of contract selected, as well as the vehicle's age and the deductible you choose. Please give us a call at 1-855-232-2559 to learn more and get a quote. Thanks for your interest!
Ally on July 30, 2018 at 4:10pm
Hi Gail, if you purchase Ally Premier Protection at the same time as purchasing or financing your vehicle, you have the option of rolling the cost of APP into your auto loan payment. But, if you're adding APP after the fact, you will have the option to either finance the cost of Ally Premier Protection over a period of 18 months or pay in full up front if you so choose. Please give us a call at 1-844-412-2559 if you would like to learn more or have any further questions.
Marco D. on July 31, 2018 at 4:02pm
i am thinking of buying a 1999 corvette and would like to see options foe extended warranties. it has 99000 miles and is on a car lot but was bought from an insurance company
Dianne J. on September 18, 2018 at 9:47pm
Cancel my vehicle service contract. I have already have one.
Paul K. on September 26, 2018 at 3:17pm
Can obtain a protection on a vehicle not financed with you?
Shanna G. on March 13, 2019 at 11:48am
Love it! Tons of great content here. Thank you.
Ally on March 13, 2019 at 1:37pm
Hi Shanna, we love hearing this! We're so glad you found this helpful.
Sara R. on February 28, 2021 at 5:11pm
You are a liar, you took my car for 3 payments I had ask for an extension in the beginning of 2020 after I lost my job and Marshal's, you said I could get one payment your phone callers said they had me on recording saying don't call me any more I never got a call from Ally financial I get a lot of scam calls and I do tell them that, I put over 16,000.00 into that car I do not intend to get another car financed by anyone I will go to a junk yard get one that will take me to the job that I got feb.4th 2021 and keep the rest of the money in my pocket are you happy and content ouction the car off to get more money in time or will you take it from the next person who miss a few payment it will get to the point people will be afraid to trust Ally financial because they will not work with them in time if crisis I am walking right now thanking how I was a fool to take that chance in the beginning of that loan people don't need to be stressed I will have 5,310.21 dollars in my pocket every