The LatestNew Study Demonstrates Extended Service Contract Purchasers Value the Voluntary Protection Product
A recent nationwide study of extended service contract purchasers, Service Contracts on Vehicle Purchases: Findings from a New Survey, finds that consumers overwhelmingly indicate that dealers explain the cost and features of extended service contracts and consumers also understand that the purchase is optional. The authors of the study, which include a retired principal economist and a retired senior economist at the Federal Reserve Board, also found that most purchasers would purchase a service contract again.
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Ready for a new car? Our Wallet Card has the top four things to do before heading to the dealership and tips for while you're there! Carry it in your wallet or pull it up on your smartphone and always stay well-informed at the dealership when making car-buying decisions.
Know Before You Buy
Ensure your vehicle purchase is affordable and supports your transportation needs. Review the Know Before You Buy brochure and bring it with you to the dealership!
Recognizing the need for consumer education, automotive leaders formed AWARE (Americans Well-informed on Automobile Retailing Economics), a collaborative industry effort to provide consumers with information, tools and other resources to better understand the auto financing system.