Three questions to ask before investing in a Service Plan

Investing in a Service Plan for your vehicle keeps your car on the road, maintains a higher resale value, and keeps your vehicle repairs affordable. Service Plans are especially desirable if you plan to keep your vehicle for a long time.

Most new vehicle warranties are only good for the first 100,000kms which can go by quickly if you do a lot of driving or commuting to work. Also, newer vehicles are full of high-tech components that come with high repair costs.

A vehicle Service Plan pays for recommended schedules services completed by approved dealers. Your Service Plan may cover the costs of vehicle repair, including parts and labour after the manufacturer’s Service Plan expires. A Service Plan through MotorHappy also include perks such as roadside assistance, towing, and even a fuel run. Click here to find out more.

A Service Plan is basically a contract designed to keep you covered so you don’t have to pay for your car service and repairs out of pocket. 

Not all plans are created equal so you will want to ask a few questions when making your decision. First, you will want to determine how long you will keep the vehicle, how many kilometres you will drive on average, and what common repairs can cost down the road.

• Is it a duplicate of your new vehicle warranty coverage?
• What is the cost and how long is the contract?
• What exactly does it cover?
• Where will I need to take my vehicle for the service?

In the end, you should feel that the Service Plan keeps you safe and gives you peace of mind.

• Better resale value

The most important reason to purchase a Service Plan is to maintain your vehicle’s market value.  You can show the potential buyer that you have had your car serviced regularly and kept up with the maintenance schedule.

• Affordable option for car repairs

While the cost of auto repairs goes up, the monthly payments for your Service Plan do not. A Service Plan can often pay for itself after the first major repair.

• Keeps you on the road

Repairs can cost you thousands of Rands.  Unless you have a savings account for such emergencies, it can be a great disrupter in your life. Regular servicing of your vehicle also gives you increased fuel efficiency, better handling, improved braking, and a smoother running engine.