Do Those Loan Add-ons Really Benefit Me?
Do Those Loan Add-ons Really Benefit Me in Mobile, AL
Once you’ve chosen the perfect new Lexus or quality pre-owned vehicle here at Lexus of Mobile, your last step is a visit to our finance department. Once you’re there, you’ll hear that you can add optional packages to your loan. But what does this mean? We’re referring to financing and service packages, otherwise known as loan add-ons, that can provide additional coverage (and peace of mind) throughout your Lexus ownership experience. Want to learn more about the loan add-ons we offer? Take a look at the list below to see which one of these plans may be right for you.
Extended Warranty
Do you plan on keeping your new Lexus for years to come? Consider purchasing an extended warranty. Once your basic warranty has expired, the extended warranty will allow you to continue having qualifying repairs fixed for free throughout the warranty’s coverage period.
Roadside Assistance
Although roadside assistance can be helpful for any driver, it can be especially crucial for our guests who live in the rural parts of Alabama. If you end up stuck on the side of the road with car trouble, you’ll want to be able to count on roadside assistance, particularly in areas without many homes or stores nearby. We recommend adding this plan for safety and peace of mind.
GAP Insurance
If you’re ever in an accident and your vehicle is totaled, you’ll be glad you had GAP insurance on your model. GAP stands for Guaranteed Asset Protection, and this type of insurance covers the difference between what you owe on your model and what it’s worth. After an accident, your insurance company will only cover what the vehicle is worth, and you could be left having to pay for the remaining balance of your loan out of your own pocket. If you’re driving a more expensive Lexus model or financing a large amount, GAP insurance provides the protection you need.
Prepaid Maintenance Plan
Prepaid maintenance is similar to an extended warranty, but while the latter only covers manufacturer or part defects, prepaid maintenance plans can cover scheduled services that every vehicle needs to run smoothly (like oil changes, tire rotations and more). Adding this plan will allow you to bring your model in for service without giving payment a second thought.
If you’d like to learn more about our available loan add-ons or would like to test-drive a vehicle, contact us today or stop by Lexus of Mobile at 3024 Government Blvd, Mobile, AL 36606. We look forward to serving our customers from Mobile, AL, as well as those from the Gulf Coast, Daphne and Spanish Fort.