Product News – Freedom Warranty

June 3, 2020June 4, 2020

Freedom Warranty Offers Long Block Upgrade with Lifetime Drivetrain Product

Freedom Warranty has launched its newest Vehicle Service Contract (VSC) product. A Long Block Upgrade is now available with Lifetime Drivetrain coverage under Freedom Warranty’s 3/3 and 6/6 Vital™ Protection Plan.

The new product gives dealers the opportunity to offer their customers lifetime drivetrain protection and an additional 36,000 miles of coverage for the engine, starter, starter solenoid, alternator, and AC compressor.

“This product is price competitive with 12, 24, and 36-month powertrain plus coverage and exceeds what other VSC companies offer by giving customers enhanced protection as long as they own the vehicle,” said Chris Miller, Freedom Warranty’s CEO.

Additionally, like Freedom Warranty's Vital™ 3/3 and 6/6, there are no surcharges for diesel, AWD, 4WD, superchargers, or turbos.

Dealers who want to know more about the Long Block Upgrade can contact their Freedom Warranty Agent directly or speak with Dealer Services by calling (844) 307-9944 or send email to contactus@freedomwarranty.com.

About Freedom Warranty

Freedom Warranty is a privately-held company that operates in over two dozen states and sells its VSC products through automotive dealerships, licensed repair facilities, and financial institutions. The company’s corporate office and customer service team is based in Chattanooga, Tennessee. Visit online at FreedomWarranty.com or call (423) 212-7445.

June 4, 2019June 5, 2019

Freedom Warranty Debuts BHPH VSC Program at NAIAD/NABD Show

(CHATTANOOGA, TN) Freedom Warranty will be debuting a new Vehicle Service Contract (VSC) program at the 2019 NIADA/NABD show, set for June 17-20 in Las Vegas. The new program is designed exclusively for Buy Here-Pay Here (BHPH) automobile dealers.

The BHPH program offers dealers the ability to earn additional interest, increase receivables with no additional outlay, and include the VSC in the customer’s monthly payment; just like a traditional car loan, except the dealer earns the interest, not the bank.

The program gives dealers an extra $1,800 on a 36-month deal. No other VSC program in the industry offers this kind of opportunity to the BHPH dealer without the risk of chargebacks or cancelation fees.

A Built-In VSC Keeps Customers Running

Freedom Warranty’s BHPH program helps reduce repossession rates by keeping vehicles on the road for the term of the loan and beyond. Any Freedom Warranty plan 24-months and greater qualifies for this program.

“BHPH dealers have a need for a progressive program that will allow better margins and give their customers real value,” said Chris Miller, chief executive officer. “Freedom Warranty listens closely to dealers and this innovative BHPH-focused Vehicle Service Contract (VSC) program responds to their specific requests.”

We'll See You in Las Vegas

Dealers who want to know more about the BHPH VSC program can visit with the Freedom Warranty Team at the NAIDA/NABD show at the Venetian Resort Hotel and Casino convention floor, Booth 612. Dealers who want to schedule a visit with a Freedom Warranty team member can set up an appointment online at https://freedomwarranty.com/marketing/network/

Dealers can also contact Freedom Warranty by calling Dealer Services at (844) 307-9944 or via email to contactus@freedomwarranty.com.

About Freedom Warranty

November 9, 2018November 9, 2018

Freedom Warranty Introduces COMPLETE Manufacturer’s Extension VSC

Responding to a recommendation from the company's Dealer Advisory Council of franchise and independent automobile dealers nationwide, Freedom Warranty will now offer a COMPLETE Manufacturer’s Extension (CME) option to its top-of-the-line Vehicle Service Contract (VSC) product. Vehicles 10 years old or less with under 80K miles are eligible.

Chris Miller, Freedom Warranty's Chief Executive Officer, said the new product option enhances the value of the company's COMPLETE Vehicle Protection Plan. "The CME option offers huge savings versus a traditional VSC. The CME is an odometer expiration contract with coverage expiring at 100k or 125k. Terms include 60, 72 or 84 months, and all terms start on the day the contract is written and not the vehicle in-service date. Furthermore, the vehicle does not currently have to be under the manufacturer's warranty. The value of the product is virtually incomparable," Miller explained.

"We always listen closely to our Dealer Advisory Council and they have been talking about this product add-on for a while. We're excited to introduce it just in time for first quarter 2019."

OPTION ADDS SUPERIOR COVERAGE, COMPETITIVE PRICING

The CME option adds the Entertainment Package, Sensor Upgrade, Suspension Upgrade, and Enhanced Labor Rate without the usual surcharges. In addition, the list of exclusions is greatly reduced making the CME one the most comprehensive contracts in the industry. The CME gives your customer superior coverage at a competitive price.

The CME gives dealers the opportunity to offer a manufacturer’s Certified Pre-Owned (CPO) type product. Authorized Freedom Warranty Dealers with access to the company's proprietary online dashboard, can generate custom quotes for buyers and demonstrate the new option.

ABOUT FREEDOM WARRANTY

Freedom Warranty is a privately-held company that operates in 25 states and the District of Columbia and sells its VSC products through automotive dealerships, repair facilities, and financial institutions. The company’s corporate office and customer service team is based in Chattanooga, Tennessee. Visit online at www.FreedomWarranty.com or call (423) 212-7445.