Will The Government Shutdown Affect Your Equipment Dealership?

How Extended Warranties Can Protect & Improve Your Balance Sheets

Have you heard of the new craze that is hitting dealerships around the nation right now? If you haven’t, don’t worry! You’re not too late. So many dealerships in the construction equipment industry are beginning to invest in extended warranty contracts on their fleets. And there are a couple of reasons why, with the biggest reason being the ability for equipment dealerships to balance out their budgets and not having to worry about paying for numerous repairs on their construction equipment that are outside of warranty coverage.

With the government at a standstill due to disagreements over Obamacare and the national debt ceiling, the world economy may greatly be affected if the Republican-controlled House and the Democrat-controlled Senate do not come to an agreement on these two issues at hand. With tons of politics in store, the nation’s top financial advisers warn that a stalled United States Government will greatly jeopardize our already sluggish economy and will also greatly affect most every single world market.

Not knowing what kinds of subsidies the government may need to restrict as a result of our government’s absurd amount of expenditures, you need to make sure that your equipment dealership is doing everything it can so that it can weather the storm and protect itself from the backlashes of Obamacare. You can help your dealership alleviate some of the pain of the government shutdown by protecting your equipment with extended warranty contracts.

Over the past couple of years, many equipment dealerships are turning to third party extended warranty to better help them protect their precious construction equipment. Not only is this an added incentive for customers to buy from you, it helps you balance your sheets when dealing with costly repairs. It also provides the dealers and the owners of the construction equipment just a little extra incentive knowing that their time and money are protected when a machine malfunctions, which happens more often than not.

That’s the reason why extended warranty contracts are gaining so much traction in the construction equipment industry. OEMs and dealers are starting to see that their costs of ownership are going down as a result of investing in extended warranty programs such as the one we offer called Protect My Iron. Protect My Iron is a competitive 3rd Party Extended Warranty provider that has gained a lot of support from OEMs and dealerships alike.

For OEMs, 3rd party providers such as ourselves have been known to offer warranties on small and large equipment fleets. For equipment dealerships, 3rd party extended warranty contracts help increase your bottom line and balance your sheets so that you can help offset whatever troubles may be coming our way as a result of the government shutdown.

Extended warranty contracts can vary as widely in duration and price as the type of construction equipment. But, there are coverage options available for all pieces of construction equipment. By partnering up with internationally recognized insurance companies, Protect My Iron has been able to get its customers the very fair quotes on extended warranty coverage to a variety of dealers and OEMs.

Call Protect My Iron Today to see how we can customize extended warranty contracts on construction equipment for you and your business.