Car maintenance can be a costly affair, particularly for individuals who own newer or high-end vehicles. Based on a recent survey, the average cost of car maintenance in the United States is roughly $1,200 a year. For most individuals, this is a significant amount of money, and it can be a considerable financial burden, particularly if the cost of repairs is unexpected.
Several car dealerships and manufacturers offer pre-paid maintenance plans to help ease the financial strain of car maintenance. For example, CarGuard Administration offers their customers vehicle protection plans based on the individual needs and budget of the car owner.
These plans allow drivers to pay upfront for their maintenance, saving them money. In this article, we will look at CarGuard Administration and how pre-paid maintenance plans can benefit consumers.
What is a Pre-Paid Maintenance Plan?
Pre-paid maintenance plans provide coverage for routine maintenance, such as tire rotations, oil changes, and inspections, for an established period of time or mileage, based on the plan chosen by the owner. Typically, consumers buy a vehicle protection plan together with a pre-paid maintenance plan when you purchase a new or used motor vehicle; however, you can also buy them separately.
Pre-paid maintenance plans vary depending on the make and model of the car, but they generally cover services to maintain the vehicle’s warranty. For example, if a car manufacturer requires oil changes every 5,000 miles to maintain the warranty, a CarGuard pre-paid maintenance plan will cover those at no additional cost to the customer.
How Do Pre-Paid Maintenance Plans Work?
Pre-paid maintenance plans work similarly to insurance policies. Customers pay an upfront fee for a set period of time or mileage, and the plan covers the cost of routine maintenance during that time. Their plans usually last two to five years or 25,000 to 75,000 miles, depending on the plan’s terms.
When customers bring their car in for routine maintenance, such as an oil change, they do not pay for the service out of pocket. Instead, the protection plan covers the cost and can save customers money in the long run since they don’t pay for routine maintenance or worry about unexpected repair costs.
How Do Consumers Save Money?
Pre-paid maintenance plans like the ones CarGuard Administration offers can save consumers money in a few different ways. First, as mentioned above, pre-paying for routine maintenance services can help you take advantage of discounted rates compared to paying for each service individually. Over time, these savings can add up.
Additionally, these plans can help prevent costly repairs by catching issues early on. For example, regular oil changes can help keep your engine running smoothly, preventing pricey engine repairs later. In addition, by staying on top of routine maintenance services, you can avoid these repairs.
Finally, a well-maintained vehicle is typically worth more than one that is not. You can maintain your vehicle’s resale value over time by staying on top of routine maintenance services.
Benefits of CarGuard and Pre-paid Maintenance Plans
There are many benefits to purchasing a pre-paid maintenance plan like CarGuard. Here are a few of the most significant benefits:
Savings on Routine Maintenance
One of the most significant benefits of pre-paid maintenance plans is the savings on routine maintenance. Customers who purchase a plan like CarGuard’s can save hundreds of dollars on oil changes, tire rotations, and other routine maintenance services over the life of the plan. This can help offset the plan’s cost and make it more affordable for customers.
In addition to cost savings, CarGuard plans can also help you stay on top of your vehicle’s maintenance needs. The plan specifies which services are covered and how many of each service you are entitled to, so you can easily track when your next service is due. This can help prevent costly repairs by catching issues early on.
Predictable Maintenance Costs
Another benefit of pre-paid maintenance plans is that they provide customers with predictable maintenance costs. Customers know exactly how much they will pay for routine maintenance over the life of the plan, which can help them budget for the cost of car ownership more effectively. This can be especially helpful for people on a tight budget or who want to avoid unexpected repair costs.
Peace of Mind
Pre-paid maintenance plans can also provide customers with peace of mind. With a plan like CarGuard, customers know it will cover routine maintenance, so they do not worry about unexpected repair costs. This can be especially helpful for people who rely on their car for work or cannot afford unexpected repair costs.
Increased Resale Value
Finally, pre-paid maintenance plans can increase a car’s resale value. When selling a car, buyers often look for well-maintained cars. So, having a pre-paid maintenance plan like CarGuard can show potential buyers that the vehicle has been well-cared for.
CarGuard plans can also be convenient. You don’t need to worry about paying for each service at the time of the appointment because you’ve already paid through your plan. This can save you time and hassle when you bring your vehicle in for maintenance.
CarGuard can save consumers money in a few different ways. First, as mentioned above, pre-paying for routine maintenance services can help you take advantage of discounted rates compared to paying for each service individually. Over time, these savings can add up.
Additionally, CarGuard plans can help prevent costly repairs by catching issues early on. By staying on top of routine maintenance services, you can avoid more expensive repairs down the road.