EasyCare, an Apco Holdings brand, introduces TechCare, a new vehicle service contract (VSC) designed to cover the technology, electronic components and safety systems in vehicles.
TechCare provides consumers with a lower-cost alternative to a traditional VSC, EasyCare said, helping dealerships boost service retention rates while saving customers thousands of dollars in repair bills.
TechCare is the latest addition to EasyCare’s comprehensive suite of finance and insurance (F&I) products.
“Today’s vehicles are loaded with high-tech options to the point where they are essentially computers on wheels,” said Scot Eisenfelder, CEO of Apco Holdings. “TechCare protects car buyers in the event that these systems and components fail or are damaged. Consumers purchase similar protection plans for other products they rely on as part of their daily lives, such as smartphones and computers. This type of protection for technology in vehicles should be a familiar concept for consumers.”
TechCare coverage includes in-vehicle technology protection covering touchscreens, cameras, infotainment systems and speakers; electronics such as navigation/GPS systems, TV screens, DVD players, WiFi and USB ports; and safety systems such as blind spot detection, lane departure warning, parking sensors and autonomous braking systems.
TechCare coverage begins after the manufacturer’s warranty expires and can be extended up to seven years.
In addition to coverage for technology, electronics and safety systems, TechCare comes with:
- 24/7 emergency roadside assistance and towing
- Substitute transportation (rideshare vehicles and taxis) reimbursement
- Trip interruption reimbursement
- A diminishing deductible option to help dealers with service retention (if a customer returns to any store in the selling dealer’s group the deductible is lower or $0)
TechCare can be sold with any vehicle eligible for coverage, including electric vehicles (EVs). TechCare is accepted at any dealership or ASE Certified repair facility in the U.S. and Canada, and all repairs are made by certified technicians. TechCare is 100% transferable to a vehicle’s new owner in the event of a sale.
