If you lease your vehicle, it might be because you don’t want to worry about the cost of breakdowns. You’ll be turning that baby back in two or three years and getting a new one.
But what if vehicle repairs weren’t a concern? Would you consider owning rather than leasing?
After all, next to your home, your car is probably your next biggest investment. But how do you prepare for unexpected expenses?
Make sure you’re covered down the road
There’s a way to eliminate the worry of something happening to your car once the manufacturer’s warranty has expired. It’s called a Vehicle Service Contract, or VSC.
In a nutshell, this coverage repairs or replaces covered parts in the event that they fail. Here are a few highlights of VSC:
You can choose the length of your agreement. Your price is based on the option you choose:
12 months/12,000 miles
48 months/48,000 miles
60 months/60,000 miles
Plans stay with the vehicle (unless canceled) 1
VSC is optional and is not required to receive an offer of credit. It can be beneficial when you own your vehicle because, compared to the cost of major car repairs, it’s just dollars a day for peace of mind.
If you’re a GM Financial lease customer, and have been thinking you might want to finance the vehicle you already like, there’s a new digital way to do that.
It’s called ModeSM and when you apply for financing through Mode, you can opt for VSC at the same time.
If you currently have a loan with another company and have been thinking you might be able to get better terms now that interest rates are low, you can also apply online with Mode.
Mode is backed by GM Financial, so it’s financing you can trust. ModePlus2 VSC through Mode, can be added right into your monthly payment.
It includes extra benefits like:
Towing
Car rental
Trip interruption if you have a breakdown while you’re cruisin’
So whether you’re a GM Financial lease customer looking to purchase your lease or have a vehicle loan with anyone else and are considering refinancing, look into Mode. Go to getmode.com and see if owning, with the protection of ModePlus, makes financial sense for you.
May be prorated and subject to a fee if canceled.
See sample contract for terms, conditions, coverages and exclusions. Your actual contract may differ slightly based on state requirements.
By Julie Powell, GM Financial
Ready To See if You Can Save Money on
Your Next Car Payment?