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How extended warranties may able to help maintain your post-sale earnings.
Earlier in February, the FCA revealed that, following their earlier request, 80% of GAP insurance providers have agreed to suspend the sale of GAP insurance products. This was after the regulator stated that they had ‘identified concerns with the design of GAP insurance’ and wanted to investigate the product to ensure that firms provide ‘fair value to customers’ and ‘ensure that products and services meet their needs’.
Dealers up and down the country who are reliant on post-sale revenue streams will need to adjust their business models in order to fill the gap left behind following the suspension. With no clear outcome or timeline of further instruction or guidance, now is the time to act to maintain strong post-sale earnings.
As a Warrantywise partner, you can strengthen your aftersales offering by providing your customers with warranty cover they can be confident in with the highest level of cover for their car’s make, age and mileage.
Included in every cover as standard.
We aim to take away the worry of unexpected breakdowns and the costly repairs that follow, that’s why our plans include 24/7 breakdown cover, car hire and onward travel as standard.
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AA roadside assistance & recovery
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Parts replaced in pairs
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Car hire
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Onward travel & expenses
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Zero compulsory excess
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Premature failure (available on vehicles less than 8 years old and up to 80,000 miles)
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Cover from day 1
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Diagnostics
What can you cover as a Warrantywise partner?
We understand that your forecourt may be built up of select, niche vehicles or you may stock a little bit of everything. Either way, we've got you covered.
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Cars
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EVs
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Vans
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Classic cars
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Motorhomes & Caravans
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Motorbikes
The highest level of cover, dependant on what your customer needs.
Plan additions are designed to enhance our service and give you more choices when personalising your extended warranty cover. You can add/remove these additions during your quote to make your cover bespoke to your needs and budget.
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Air bag system
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Air conditioning
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Driver assistance
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Emissions failure
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MOT failure
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Multimedia