Why You Should Have Debt/Warranty Protection On Your Loans

Summertime still feels like it did when we were kids and school was out for a couple of months, staying up late, travelling, and finding great deals on the hottest cars we could afford.

Of course, now that I’m older, I tend to keep the drawstrings of my pocketbook a bit tighter to protect my investments. This is one of the reasons I value the Debt Protection on my vehicle loan. This way, my family and I don’t have to worry about not being able to make payments due to a sudden disability, involuntary job loss, or even worse, death. And we do offer debt protection options on all our personal loans. The small cost of this coverage is more than worth the peace of mind it gives!

But then, when I found out that we were also now offering Extended Warranty coverage plans on our auto loans, I was blown away! I get it and completely understand if you were to say, “But I have a warranty already.” Just know that our plans are designed to provide coverage much longer than a manufacturer’s coverage, and with no deductible on covered parts or labor!

And that’s not all! All of our Extended Warranty plans come with Rental Car Allowance and 24/7 Emergency Roadside Service. So, if you need a tow, lock-out service, or even just a temporary ride while yours is getting repaired, we’ve got a plan for you!

Next time you’re getting a loan for a vehicle, be sure to ask about Debt Protection and the Extended Warranty, and we’ll be happy to help you find the best coverage plan for your loan. This way, you can enjoy your new purchase, and reclaim that sweet summertime!

James Elhard

Member Service Representative II

This blog is not on behalf of Peninsula Federal Credit Union.