Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Warrantech launches new automotive coverage program

716 views

Published on


“This is an industry first for Warrantech,” said Joel San Antonio, chairman. “No one else in the service contract industry offers such an unprecedented level of comprehensive products for its automotive clients.

Published in: Business, Automotive
  • Login to see the comments

  • Be the first to like this

Warrantech launches new automotive coverage program

  1. 1. Warrantech Automotive, a leading independent provider of service contracts and after- market warranties on automobiles and recreational vehicles, announced an innovative extended labor warranty (ELW) program developed exclusively for automotive service departments. A proven method for increasing profits, ELW programs help dealers’ service departments increase customer loyalty while generating a significant amount of revenue. “This is an industry first for Warrantech,” said Joel San Antonio, chairman. “No one else in the service contract industry offers such an unprecedented level of comprehensive products for its automotive clients. In our quest to help auto dealers provide the highest quality warranty and service contract products in the market, we recognized that both dealers and consumers would benefit from the ELW program.” While most consumers understand the features of extended warranty coverage, few realize that parts and labor costs are two separate issues. “In the case of a malfunctioning transmission, the replacement parts are protected for a year or longer -more- while the labor costs are usually covered for 90 days. This means that if the replacement transmission malfunctions after three months following the date of the original repair, the manufacturer’s warranty will pick up the cost of the replacement parts, but the consumer will have to pay the cost of any labor charges needed to complete the installation,” said Bruce Saulnier, president.
  2. 2. Extended labor warranties come with two levels of coverage. A one-year ELW warranty increases labor from 90 days to one year on most mechanical repair. A two-year parts and/or labor warranty extends the coverage for most mechanical repair on both parts and labor to a total of two years. For automotive dealers, the benefits of this new coverage can be substantial. “This coverage will be affordable to the consumer as pricing will be pennies per day of coverage,” added Saulnier. ”Plus, the ELW will provide additional revenue for the service department, and will help increase customer loyalty through the dealership’s ability to deliver repairs at no cost to the consumer in the event of replacement of the defective or malfunctioning part.” Packed full of features, extended labor warranties have a simple percentage rate structure of the part cost, based on the coverage the dealer elects to offer. The ELW is designed to work seamlessly with dealer management system integration through Reynolds & Reynolds and ADP. Coverage options automatically print out on repair orders, and show up as a separate line item for every mechanical part.
  3. 3. For customers, the decision to enroll for an extended labor warranty is easy. Following an explanation of benefits given by an automotive service advisor, the customer simply accepts the coverage, or opts out of the program if they decide not to take advantage of the coverage. “This is a phenomenal gap coverage program for automotive dealers to sell to customers,” Saulnier added. “With ELW, dealers are able to boost profits while providing a higher level of service to customers. About Warrantech Corporation: Based in Bedford, Texas, Warrantech specializes in the administration and marketing of service contracts and after-market warranties on consumer electronics, computer and computer peripherals, jewelry, furniture, appliances, homes, automobiles, automotive components, and recreational vehicles, for retailers, distributors, internet providers and manufacturers. Acquired by H.I.G. Capital in 2007, the company continues to expand its domestic and global penetration, and now provides its services in the United States and Canada. For more information, visit www.warrantech.com.
  4. 4. 7. Hapuna Beach Rock up to this half-mile of powdery white-sand beach with a rented umbrella and boogie board, and one of Hawaii’s most iconic beaches become your playground. The is so very lounge chair or water wings – this beach Has something for the whole family. Its very beautiful beach for travelers and you can enjoy your trip easily. 8. Merrie Monarch Festival What did you see at the luau? That’s to hula what Velveeta is to cheese. If you really want to see how a hula, Halo (school) invokes the gods and legends through chant and dance you need to make time visit this state-wide Hula competition. You can enjoying there everything.
  5. 5. 9. Manta ray night dive Diving at night is a thrill in itself, but once you turn on your lights and attract a corps de ballet of Pacific manta rays, with wing spans of 10ft or more and tails like javelins, your life becomes segmented: Before diving with mantas and after. 10.'Akaka Falls State Park Like all waterfalls on this part of the coast, 'But Akaka Falls are most impressive during seasonal rains, when They spill violently over the verdant cliffs. Don’t miss poking around the little town of Honolulu once you’re Done ogling these towering falls.

×