GWC Enhances Products

By Staff Writer August 03, 2020

GWC Warranty announced significant updates to their core vehicle service contract that allow dealers to provide even better levels of coverage and more options for consumers. These enhancements to the already expansive vehicle service contract product were developed based on market feedback and industry trends, improving GWC’s ability to serve the needs of dealers of every size.

 

Dealers can now provide service contracts for older models on their lot, with new coverage options for vehicles up to 20 years old. GWC is also introducing coverage for over 120 previously excluded hi-line vehicles. Recognizing a growing need in the industry, coverage is now available for vehicles used for commercial purposes, giving drivers entering the rideshare and delivery market the chance to protect their investment and their livelihood.

 

“By providing the right F&I products for inventory they have on their lot, GWC can help dealers drive the results they need from their used-car operation,” says Matt McKenna, senior vice president of GWC Warranty & APCO.

Other significant changes in this update include improved driver benefits like rental car or substitute transportation coverage, roadside assistance, and trip interruption protection. GWC is also introducing new deductible options to give drivers more flexibility over what they’ll have to pay out of pocket, including a disappearing deductible option for dealers with a service bay that encourages customers to return for maintenance and repairs. Dealers can also offer buyers contracts with an “any time, any reason” cancellation policy.

 

“We’re introducing hundreds of new term and mileage combinations, including even more competitive rates and term options for vehicles that still have a basic manufacturer’s warranty remaining,” McKenna said. “And, as part of our goal to protect our contract holders from out-of-pocket repair costs, we’re now offering coverage on sales tax for diagnostics, labor, and parts for eligible repairs.

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Last modified on Monday, 03 August 2020 18:02

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