A look at the fleet management industry through highlights articles, news, and profiles.
Monday, September 16, 2013
FOREVERCAR.COM ELIMINATES DOWN PAYMENTS FOR EXTENDED WARRANTIES
Helps Drivers Avoid Financial Frustrations Experienced at Other Service Providers
CHICAGO – (September 16, 2013) – ForeverCar.com, the first fully transparent extended warranty for vehicles, announces it has made it even easier for drivers to sign up for vehicle protection by discontinuing down payment requirements. The company offers the only bumper-to-bumper equivalent vehicle protection plan without added dealership price markups.
Down payments can often be an added financial stress to consumers shopping for an extended warranty on their vehicle. ForeverCar.com realizes this unnecessary added burden and now offers its bumper-to-bumper coverage without the need for a down payment on its extended warranty package. Because ForeverCar.com offers its product direct to consumers without a dealership markup, prices will remain extremely competitive, and as much as 40% below the competition in many cases.
“Price is one of the largest sources of frustration for drivers shopping around for an extended warranty,” said Russ Carpel, CEO and founder of ForeverCar.com. “There is a lot of inconsistency in the way much of the industry prices its warranties, and ForeverCar.com avoids this by offering a simple, low price with no down payment required.”
In addition to the higher prices mandated by other providers, drivers are often confused and turned off by the different levels of packages and upsell opportunities. ForeverCar.com has taken the premium, bumper-to-bumper equivalent coverage package and made it into a single, standard offering for its customers looking for the best vehicle protection. There are no additional upsells because everything is already included in the standard package, including advanced technology systems and components, and even varying market labor rates in different locations.
"Many times, drivers will opt for the least expensive coverage which renders their vehicle protection virtually useless," added Carpel. "We feel you should be able to use your extended warranty when you need it the most and without fear of additional financial burden at the repair shop."
About ForeverCar.com
Headquartered in Chicago, ForeverCar.com is a new company that promises a simple, transparent process offering affordable, top-tier coverage that's as close to bumper-to-bumper as consumers will find in the market. A low-overhead direct-to-consumer model without dealer markup results in lower costs. Unlike other providers, ForeverCar.com offers a premium vehicle service contract backed by a Fortune-500 company that can be extended out to 125k miles. ForeverCar.com is different, starting with a fully transparent process that shows what is and isn’t covered by the contract, and a simple sign-up process that produces a price quote in less than 60 seconds. For more information or to extend your car’s life, visit www.ForeverCar.com.
ForeverCar.com is a vehicle service contract provider. Extended auto warranty is a common consumer term for vehicle service contracts. Extended auto warranties are sold by dealers to wrap and extend beyond the manufacturer warranty coverage. A vehicle service contract is sold outside of a new vehicle purchase and can be purchased at any time.
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