Four Ways to Get the Most Out of Your Service Contract

What to Expect out of an Extended Service Contract

When you purchase a car you will typically be asked whether you want to buy an extended service contract (ESC.) An ESC provides coverage for repairs needed after your manufacturer’s warranty expires. Should you go for that extra peace of mind an extended warranty provides? Or, should you save your money and put it directly toward future repairs. There is no one “right way” to answer this question.

4 Factors to Consider

  1. Coverage – This category “covers” a lot of ground. First and foremost, compare the coverage offered by the extended warranty with the original manufacturer’s warranty. There is no need to duplicate coverage through an ESC if repair or replacement of an item is already included with the free manufacturer’s warranty. If you do need a replacement, find out whether the parts will be supplied by the manufacturer or a less desirable, after-market source. Be sure the time period or mileage amount covered by the policy is significantly greater than on the original warranty to get the most value (especially if you are purchasing a second-hand vehicle.) Finally, make sure you know exactly what’s covered. Does the ESC provide “bumper to bumper” coverage or just coverage for your car’s power train?
  2. Fees – When considering an ESC, be sure to read the fine print – every word of it! It’s important to understand exactly what other costs you may incur over the life of your contract. Some services may require deductibles or fees. Note that there may be different costs involved depending on the service being provided.
  3. Claims – If you have a claim, find out who will handle it. Does the dealer take care of the repairs? Will you be referred to a third party? Be sure you understand whether claims are valid if your problem occurs out-of-state, during non-business hours, or if you have relocated.
  4. Maintenance – To get the most out of your car—and your manufacturer’s warranty—you need to comply with your car’s maintenance requirements. As a rule, ESCs don’t cover maintenance services, such as oil changes, brake repairs, filter replacements, and fluid refills. In fact, some extended warranties may even become voided if you don’t take proper care of your vehicle.

Be sure to speak with your dealer’s sales rep or finance manager with questions, or contact the policy provider directly. Understanding the detail is the key to getting maximum value!

Can I Add an ESC After I Have Already Made a Purchase?

If you did not get an extended service contract but have changed your mind, you can always add it if you refinance your vehicle down the road! Refinancing can be a great option once you have been making multiple payments and when your credit score is around 600 or higher. If you feel like this describes you, Get Started Now to see what you may qualify for now! Plus, your rep can walk you through extended service contracts and help you decide what’s right for you.

Important Disclosures and Requirements

Customer Consent to Receive Account Information Electronically

The Electronic Signatures in Global and National Commerce Act requires your consent to receive certain disclosures electronically. Please read this section carefully and retain a copy of this document for your records.


Some communications and disclosures with and by on its behalf and on behalf of participating banks, finance companies, and credit unions (hereinafter called “Lenders”) are conducted electronically. However, if you wish to obtain a paper copy of any disclosure to your offer and/or loan/finance offer request, you may write to Yield Solutions Group, LLC (dba at 7555 E. Hampden Ave., Ste. 500, Denver, CO 80231. We will not charge you a fee for a paper copy of the Disclosures you request. RefiJet does not provide any Lenders’ disclosures. reserves the right, in its sole discretion, to stop providing Disclosures electronically. will provide you with notice of any such termination as required by applicable law. If chooses to stop providing Disclosures electronically, will send any future Disclosures to you in paper form.


The applicant and any co‐applicant (collectively, “you”) must consent to receive Disclosures electronically in order to complete the loan/finance offer request process with on behalf of its participating Lenders (as defined above). Your consent will apply to Disclosures you receive from, its successors and assignees, and any Lenders. You may withdraw your consent for receiving electronic Disclosures by notifying at Since is structured to provide some loan/finance offer request related information electronically, not consenting, or withdrawing your consent to receive electronic Disclosures may terminate your loan/finance offer request process. You may withdraw your consent to do business electronically with our participating Lenders at no cost to you. You may do so by contacting the Lender at the mailing address, e‐mail address or telephone number they provide to you separately for such purpose.


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Please notify us at 1.800.260.5355 if your contact information changes at any point in the refinance process.


This average monthly auto loan payment savings reflects loans where the borrower chose to lower their monthly payment. Not every auto refinance is intended to lower monthly payment. These savings are not guaranteed. Individual savings and rates may differ.

2018‐10‐08 02:30PM MST