New F&I Solution for High-Mileage Vehicles, from Providers & Administrators.
OAKBROOK TERRACE, Ill. — Warranty Alternatives has announced the nationwide rollout of Universal Repair Coverage (URC), a new entire-vehicle coverage option for higher-mileage vehicles.
URC offers a simple-to-understand and simple-to-use 50% exclusionary repair reimbursement benefit and annual auto deductible insurance benefit alongside rental car, roadside assistance and trip interruption cash benefits… all for half the cost of a traditional exclusionary service contract. “URC is also equal to or less than the cost of a good Powertrain or Powertrain Plus stated component service contract,” explains National Sales Director Dave Bafumo.
“The program’s unique blend of benefits, plus unlimited driving mileage (contract expiration by term only) appeals to a broad spectrum of consumers, especially those six in ten dealership customers who say “No” to or cannot afford a good service contract,” according to Dave.
Bafumo said the launch of URC was driven by the needs of dealerships that retail vehicles with more than 60,000 miles on the odometer. Describing Universal Repair Coverage as a “balanced alternative,” Bafumo listed the following benefits:
- Exclusionary coverage with no claims preauthorization or administration, regardless of the vehicle’s age or mileage at the time of sale,