AUL Corp., one of the nation’s leading automotive finance and insurance (F&I) providers, recently launched a new vehicle service contract product covering the increasingly complex technology systems found in today’s vehicles, announced Jason Garner, AUL’s senior vice president of product development.
Aptly named “AUL-Tech,” this new vehicle service contract provides comprehensive coverage for a vehicle’s technology systems, including intelligent cruise control, lane departure warning, navigation, display screens, Bluetooth, audio systems and more. Being focused solely on technology, AUL-Tech is also affordable, providing dealers with a cost-effective policy delivering more safety and convenience to their car buyers.
Auto manufacturers provide particularly long powertrain warranties, especially so with electronic and hybrid vehicles, leaving opportunities for F&I providers such as AUL to cover items and systems that are equally costly to repair.
According to Jason Garner, AUL’s SVP of strategic product development, “Complex technology systems are no longer found in just the luxury makes and models. Today, you can find these systems in used vehicles across the pricing spectrum, and with AUL-Tech we’ve developed a best-of-breed solution that covers more makes and models, and older and increased mileage vehicles than any other provider.”
Comprehensive AUL-TECH Coverage
- Touch/Display Screens
- Adaptive Lighting Control System
- Accessory Power Point Connection Systems
- Factory Installed OEM Audio System
- Blind Spot Detection System
- Bluetooth System
- DVD Player System
- Forward, Backup, and 360˚ Camera System
- Home Link System
- Intelligent Cruise Control System
- Lane Departure Warning System
- Navigation System
- Parking Assist System
- Tire Pressure Monitoring System (TPMS)
- Video and Gaming System
- WiFi Data Connection System
Providing coverage for this comprehensive list of technologies, AUL-Tech can deliver benefits up to $25,000.* “With AUL-Tech, we wanted to give dealers another cost-conscious arrow for their sales quiver, while giving car buyers the peace of mind knowing the expensive technologies in their vehicle are covered,” Garner added.
AUL Tech is available for traditional vehicles up to 6 years old with less than 60,000 miles, including most makes and models in production. The new policies offer 24- to 84-month terms, with no mileage limitations and include 24/7 roadside assistance featuring towing, flat tire changes, emergency gas delivery and more.
*Cost based on national averages