Toco Warranty Offers Vehicle Service Contract Online With No-Down-Payment Option
SHERMAN OAKS, Calif., Nov. 30, 2016 - Toco Warranty Corp., a seller of vehicle service contracts (VSC) and mechanical breakdown insurance, launched a new website for consumers who demand affordable monthly payments. Toco Warranty offers an easy online experience so customers can clearly understand their VSC coverage and have the ability to purchase online.
Pay-as-you-go plans have changed the way consumers choose services. This trend is not exclusive to TV services and is being adopted as a standard for mobile phone plans, music streaming and computer programs. A major factor driving consumers to "cut the cord" and opt for subscription-based services is cost.
To simplify the vehicle service contracts purchasing process, Toco Warranty's user-friendly website lets consumers view Toco Warranty's plans to see what's covered and what isn't, and to purchase directly online.
A 2015 study found that as many as 46 percent of U.S. households surveyed would find an unexpected $400 financial emergency challenging to handle.* Toco Warranty provides simple vehicle service contracts with a payment plan and no down payment. While it's not a pay-as-you-go service, Toco customers may cancel their contract and payment plan at any time, although cancellation fees may apply.
"Our new website reflects our business model of simple, transparent and financially smart," says Paul McGee, national Customer Care manager, Toco Warranty. "We put the customer first by addressing their primary concerns around a VSC and the ability to research through our robust Knowledge Center to help inform their decisions — all with a few clicks."
About Toco Warranty
Toco Warranty's mission is to offer used-car drivers with simple-to-use and financially smart vehicle repair coverage that can be purchased using a monthly payment plan. Cancellation fee may apply. Toco Warranty offers vehicle service contracts, and mechanical breakdown insurance (for California customers). Toco is an AmTrust Financial Services company. AmTrust Financial Services, Inc., is a multinational financial services company with primary insurance subsidiaries rated "A" (Excellent) by A. M. Best Company. To learn more, visit us at www.tocowarranty.com and follow us at www.facebook.com/tocowarranty, @TocoWarrantyUS, www.youtube.com/tocowarranty and google.com/+Tocowarranty
*Report on the Economic Well Being of U.S. Households in 2015, May 2016, Boards of Governors of the Federal Reserve System