A recent survey of American motorists by the AAA found that millions of American drivers would be in serious trouble if their car needed a major repair now:
- One in four could not pay for a car repair of $2,000
- One in eight could not even pay for a $1,000 car repair bill
- One fourth of drivers are neglecting car repairs and maintenance largely due to the economy – which could put them at risk for unexpected car repair costs.
If a $2,000 car repair came up for you, how would you pay for it? The survey found:
- 38 percent would pay with funds from a savings account
- 20 percent would pay with their credit cards
- 11 percent would have to borrow from friends, family, retirement or home equity
None of these is a good situation, right? A much better solution is a vehicle service contract from WarrantyDirect.com that can cost just a few dollars a day and protect you from a wide range of expensive auto repairs.
The AAA survey found that repair bills of $1,000, $2,000 or more can quickly arise – especially with older vehicles that have not been properly maintained. For example:
- A transmission repair can cost $2,000 to $4,000
- A major engine repair can exceed $5,000
- Even major brake repairs can range from $350 to $1,000 or more
Warranty Direct has been in business for 35 years, has an A+ rating with the BBB, handles their own claims, and is licensed in all 50 states.
