Service plans are prepaid maintenance plans for vehicles that cover specific services such as oil changes, tire rotations, and inspections over a defined period.
Cost Savings: Can save money on regular maintenance by locking in prices.
Convenience: Simplifies budgeting for vehicle maintenance.
Vehicle Longevity: Encourages regular maintenance, which can extend the life of the vehicle.
Predictability: Provides predictable maintenance costs, reducing financial surprises.
Upfront Cost: Requires an upfront payment or higher monthly payments.
Coverage Limits: Only covers specific services and may exclude others.
Service Restrictions: Typically requires using designated service providers.
Non-Transferable: May not be transferable if the vehicle is sold.
