“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.
Warrantech launches new automotive coverage program
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,
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.
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
7. Hapuna Beach
Rock up to this half-mile of powdery white-sand beach with a rented umbrella and
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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
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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
Pacific manta rays, with wing spans of 10ft or more and tails like javelins, your life
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
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