Benefits of a service plan
A new survey from EMaC a subsidiary of Innovation Group, revealed that 29% of car owners who don’t have a service plan in place, finance car service and repairs using a credit card or loan.
Nearly two thirds (62%) said they would welcome and take advantage of an interest free credit option, if their dealer offered such a service.
Respondents of the EMaC survey said this kind of service would not only help them reduce the financial toll of unexpected maintenance costs on their car but make them feel more positively towards their dealer.
38% of owners say they book their car in for a service when they receive a reminder via the manufacturer, dealer or garage. Just 1 in 5 (20%) service their car once the mileage has increased by between 10,000 to 12,000 miles.
The financial benefits of investing in a service plan however are widely recognised by car owners. 39% of those surveyed said the most important factor in purchasing a Service Plan was to help them better manage the cost. A further 1 in 3 (33%) see service plans as an important way to keep their car in good condition.