A voluntary protection product (VPP) is any product or service offered to car buyers at the time of purchase that are sold above and beyond the actual vehicle, typically as a means of protecting certain components on the vehicle. A VPP may also be offered to protect the loan a buyer is using for the purchase of the vehicle. Below are definitions of certain VPPs and some factors car buyers should consider before purchasing a VPP.
Vehicle Service Contracts
The most popular and the most beneficial voluntary protection product for consumers, vehicle service contracts protect consumers from repair expenses outside of the factory warranty period.