Ally is a bank that took over a VSC company. Not sure which one. UAL is another one based out of Napa in SoCal. I’ve shifted over to the background and reputation of VSC’s. Those are two I’ve researched, used (AUL) and recommend. Ally was not available in Feb ‘20 due to pandemic. Both are sold through dealers or brokers only, not direct. You can call them and they’ll tell you which dealers sell them.
Both are based or do business in CA, which is key. Cali is like the EPA or SMOG police for VSC’s. If CA allows your company to sell here, your VSC passes muster. VSC’s want into CA due to the volume of cars (business). CA is so strict they’re considered “the gold standard other companies must adhere to” if they’re to sell in Cali. It’s actually worth it to purchase a vehicle online in CA just to get the VSC underwritten by the CA Atty Gen bylaws. The VSC don’t fuss or muss with CA customers or the Atty Gen fines the $hit out of them or shuts them down.
In regard to pricing or monthly payments. AUL doesn’t have Mo”ly payments. Because of that a new kind business did pop up to get customers over the hurdle of purchasing a 3, 4 or $5k VSC though. The one that I used was Paylink Direct.
https://secure.paylinkdirect.com/Ac...)/Logon.aspx?ReturnUrl=/AccountNet/AccountNet
They offer zero interest financing on VSC for set times the customer chooses. I chose two years to pay off $1,880.65 for our 08 Denali XL AWD in ‘14. I paid it off after 14 Mo vs 2 years though. The criteria was you must have a reoccurring, automatic payment from a credit, debit, checking or savings account. It was $235 Mo after the down payment.
A VSC that was a CYA clause on that Denali was gold. It had something we all know as LS (engine) piston slap. Until time and research told me that’s what it was, the VSC w/ zero internet payments with a 100% cancellation option and money back guarantee on the unused balance, that was piece of mind. The Denali was purchased at 96K. At the 100k service, the GM Cadillac dealer found over $2k worth of deferred, previously undetected service items above and beyond the mandatory, major $1k 100k mile service. Gulp!
I actually forgot I had the VSC at that point. I told the service writer to hold off for a few hours before I authorized the repairs. When I remembered we purchased the service contract, I called them and 100% was covered with a $100 deductible. Like Vegas baby. The dealer handled the approval process. The dealer had a $3.5k PIF bill on a 7 year old truck. I just paid $1k + $100 for documentation to prove the truck was 100% maintained at a dealer and the VSC paid for its own proof needed, showing I followed the dealer’s recommend maintenance and repairs.
That pattern went on for the full four years coverage on the truck from 99,600 to 147,600 on the clock. Shocks, including “air shocks” was covered. The VSC covered almost $10k of repairs because I switched to an Indi technician who went over the truck with a fine tooth comb like it was his own.
The truck was in 100% perfect mechanical order when sold. The VSC put the dime as well as paying me back for the cost of the VSC. I saved $8k in repairs that doubled as scheduled service items and only paid for oil changes from 2014 to 2020. It’s not luck, it’s experience, perseverance and CA holding their VSC companies contracts accountable. In this economy a VSC would pay for itself if it covered three of the four Magneride struts at a dealer. Hope this helps.
Sent from my iPhone using Tapatalk Pro
