Wise F&I recently announced that it is expanding its vehicle service contract programs and has developed WiseMVP, a pre-owned motor vehicle service contract that provides coverage for vehicles that are up to 20 years old and that have up to 200,000 miles.
The company said its new plan allows consumers who purchase an older vehicle or one with high mileage to protect themselves from the unforeseen costs associated with vehicle repairs.
WiseMVP currently offers consumers three levels of coverage, as well as added benefits, such as towing, car rental and roadside assistance.
“With the number of pre-owned vehicles increasing and the struggle consumers have to pay for unexpected vehicle repairs, we wanted to offer a product that would provide the consumer with the coverage they need,” Wise F&I president Matt Croak said in a news release.
Additionally, with each of the three coverage plans, WiseMVP provides short-term coverage options for embedded or give-away programs offered by a dealership.
Wise F&I’s full suite of products includes GAPWise, WiseCARE, WiseTVP, WiseMVP, TIREWise, THEFTWise and KEYWise.