First Extended Service Corporation offers extended service contract products and services. The Company provides car warranty plans, GAP insurance, and other automotive mechanical repair programs to automobile dealers throughout the United States. First Extended Service serves more than one million customers.
Its auto warranties include rental reimbursement, roadside assistance, and travel interruption reimbursement. Its four plans offer customizable terms and deductibles.
What Is First Extended Service Corporation?
First Extended Service Corporation is an administrator of extended service contract products and services for auto dealers. It offers new vehicle service contracts, pre-owned vehicles service contracts, oil service plans and Guaranteed Asset Protection to more than a million vehicle owners. Its products are approved by General Motors Acceptance Corporation, Ford Motor Credit Corporation, Chrysler Credit Corporation and other financial establishments.
The company is headquartered in Detroit, Michigan. First Extended Service has been in business since 1974 and provides services to automobile dealers across the United States. Its employees are specialized in sales, marketing, finance and customer service. The company also provides training in the areas of finance, sales and management for automotive dealers.
Unlike other warranty companies, First Extended Service does not limit the number of repairs you can make or require that you take your vehicle to a specific repair shop. If your car breaks down, it can cover the cost of a rental car while yours is in the shop. In addition, the company can help you pay for food and lodging if you are stranded away from home. This is a great feature for road trips or vacations. The company also provides other car services, such as towing, flat tire assistance, dead battery assistance and fluid, water and fuel delivery.
What is First Extended Service Corporation’s Business Model?
First Extended Service Corporation provides extended warranty products and services. The Company offers new vehicle service contracts, pre-owned car service contracts, guaranteed asset protection plans, and oil service plans. First Extended Service Corporation sells its products and services through more than 1,700 automobile dealers in the United States.
In addition to providing auto warranties, First Extended Service Corporation also offers roadside assistance. The Company’s roadside assistance services include rental reimbursement, flat tire repair, lockout assistance, and dead battery replacement. The Company also offers travel interruption reimbursement, which reimburses customers for food and lodging expenses if their car breaks down while they’re on a road trip.
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How Does First Extended Service Corporation Make Money?
First Extended Service makes money by selling auto warranties to car buyers. These warranties cover repairs to the vehicle and can help reduce the financial burden of paying for them out-of-pocket. They also provide roadside assistance, which can include rental car reimbursement, trip interruption coverage, and other services. The company’s warranties are transferable and offer coverage in all 50 states. First Extended Service’s plans are less expensive than other auto warranty providers and have high customer satisfaction ratings.
If you’re interested in a new or used vehicle, consider the pros and cons of an extended warranty before purchasing one. You might find that it’s worth the cost in the long run.
What Are First Extended Service Corporation’s Goals?
The company offers a range of car warranties, including guaranteed asset protection and oil service plans. Its programs also include roadside assistance, rental reimbursement and travel interruption coverage. First Extended Service Corporation serves several thousand automobile dealers that sell new and used vehicles in the United States. Its products are endorsed by General Motors Acceptance Corporation, Ford Credit Corporation, Chrysler Credit Corporation and other financial establishments.
With its plan, customers can use any repair shop they like for covered repairs. Its programs also do not limit the number of claims a customer can make. Additionally, the company’s roadside assistance program provides services such as towing, flat tires, lockouts and dead batteries, and can pay for a rental car if necessary. Its travel interruption coverage reimburses for food and lodging expenses if the vehicle breaks down while on a trip. The company also covers the cost of a temporary car replacement and unused gas and mileage charges.
