May 1, 2017
Wise F&I is expanding their vehicle service contract (VSC) programs with the introduction of WiseMVP, a pre-owned motor vehicle service contract that rounds out Wise F&I’s VSC product suite. WiseMVP provides coverage for vehicles that are up to 20 years old and that have up to 200,000 miles. By offering this type of coverage, consumers who purchase an older vehicle or one with high mileage can protect themselves from the unexpected cost of vehicle repairs. WiseMVP offers three levels of coverage, along with additional benefits including: Towing, car rental and roadside assistance.
“With the number of pre-owned vehicles increasing and the struggle consumers have to pay for unexpected vehicle repairs, we wanted to offer a product that would provide the consumer with the coverage they need,” said Matt Croak, President, Wise F&I.
Within all three coverage plans, WiseMVP also provides short term coverage options that are ideal for embedded or give-away programs offered by a dealership.
Wise F&I’s suite of products include: GAPWise, WiseCARE, WiseTVP, WiseMVP, TIREWise, THEFTWise and KEYWise. All Wise F&I products are available for electronic contracting.
About Wise F&I
Wise F&I has a long history of success in the automotive finance and insurance space, initially specializing in Guaranteed Asset Protection (GAP) then expanding over the years to now include a full array of F&I products including: Tire and Wheel Protection, Appearance Care Service Contracts, Theft Deterrent Systems, Vehicle Service Contracts, Key Replacement and other voluntary protection products. Wise F&I branded products are marketed through independent agents to automotive dealers. Additionally, Wise F&I supports private label programs and strategic partnerships with automotive lenders and finance companies on both a national and regional basis. All products are fully compliant and underwritten by an A- rated (or better) insurance carrier.
With over 25 years in the industry, Wise F&I’s experience allows the delivery of complete contract origination solutions supported by efficient and accurate claims and cancellation processing. With a focus on building partnerships, and a priority on customer service, Wise F&I is the F&I provider of choice.