If you are considering purchasing a new car, you may have come across the term “compass extended service agreement.” This is a type of vehicle service contract that provides coverage beyond the manufacturer`s warranty. In this article, we will explore what a compass extended service agreement is, what it covers, and why you may want to consider purchasing one.
What is a Compass Extended Service Agreement?
A compass extended service agreement is a contract between the vehicle owner and a service provider that covers repair costs and service fees beyond the manufacturer`s warranty. These agreements can be purchased from the dealership where you buy your car or from third-party providers. The cost of the agreement varies depending on the vehicle make and model, as well as the level of coverage you choose.
What does it cover?
A compass extended service agreement covers a range of repairs and services that are not covered by the manufacturer`s warranty. These can include engine repairs, transmission repairs, electrical system repairs, suspension repairs, and more. The coverage level varies depending on the plan you choose, and some plans may include additional benefits such as roadside assistance, rental car reimbursement, and trip interruption coverage.
Why should you consider purchasing a Compass Extended Service Agreement?
There are several reasons why you may want to consider purchasing a compass extended service agreement. First and foremost, it can provide peace of mind knowing that you are covered in the event of a breakdown or mechanical failure. This can be especially important if you rely on your car for work or have a long commute.
Additionally, a compass extended service agreement can save you money in the long run. Repair costs can quickly add up, especially for more expensive repairs like engine or transmission overhauls. With a service agreement, you can spread out the cost of repairs over time and avoid unexpected expenses.
Finally, a compass extended service agreement can increase the resale value of your vehicle. A well-maintained vehicle with a service agreement is more attractive to potential buyers and can help you get a higher sale price when it comes time to sell.
Conclusion
In summary, a compass extended service agreement can provide valuable coverage and peace of mind for vehicle owners. It covers repairs and services that are not covered by the manufacturer`s warranty and can save you money in the long run. If you are considering purchasing a new car, it may be worth exploring your options for a compass extended service agreement.