First Extended Service Corporation

by Mostafijur Rahaman
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First Extended Service Corporation provides extended service contract products and services to automobile dealers of new and pre-owned vehicles in the United States. The Company offers dealer obligor programs, maintenance services and guaranteed asset protection to over one million customers.

Its car warranties include Powertrain and Comprehensive plans, which have customizable details such as the plan’s term length. Other benefits include rental reimbursement, roadside assistance and travel interruption coverage.

About The Company

Founded in 1974, first extended service corporation specializes in the provision of extended car warranty products and services. The company offers its extended auto warranties through several thousand automotive dealers that sell new and used cars and trucks. In addition to extended auto warranties, the company also provides extended oil service plans and guaranteed asset protection to more than one million vehicle owners.

The company’s newest product, the Auto Repair Assurance plan, provides auto owners with roadside assistance and repairs. The program provides rental reimbursement, flat tire assistance and dead battery services, among others. It also offers travel interruption reimbursement, which pays for food and lodging if your car breaks down while you’re on a trip.

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Products

First extended service corporation offers products such as new vehicle service contracts, pre-owned vehicles service contracts and oil service plans. Its products are sold through several thousand automobile dealers that sell both new and used vehicles in the United States. The company also provides guaranteed asset protection to more than one million vehicle owners.

Aon Corp has acquired first extended service corporation, an administrator of warranty products for automotive mechanical repair programs. The acquisition will allow Aon to offer a more diversified line of auto warranties and expand its distribution channels by reaching dealerships through a network of general agencies.

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Services

First extended service corporation offers a wide range of car warranty services including rental reimbursement, roadside assistance and guaranteed asset protection. Its products and services are sold by more than a million dealers across the country. The company also sells its products to auto loan companies and other financial establishments.

The Company’s car warranties provide coverage for most repairs up to a certain dollar amount or number of years, and cover deductibles and labor rates at other repair facilities. First Extended Service car warranties are transferable and can be used in all 50 states and Canada. In addition, the Company offers four car warranty plans with different term lengths.

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Founded in 1974, first extended service corporation provides extended warranty products and services for automobile dealers of new and used cars and trucks throughout the United States. The Company’s extended service contracts are approved by General Motors Acceptance Corporation, Ford Credit Corporation and Chrysler Credit Corporation. The Company is also a leading provider of Guaranteed Asset Protection for vehicles.

Pricing

The pricing policy of first extended service corporation is to offer its products and services at a fixed price. This company offers its services to several thousand automobile dealers throughout the U.S. The company is also affiliated with many different financial establishments. This includes companies like General Motors Acceptance Corporation, Ford Credit Corporation and Chrysler Credit Corporation. The 1993 Agreement between SCA and FESC designated that SCA would act as the representative of FESC in Louisiana and Mississippi, soliciting auto dealers to enroll customers with extended service contracts administered by FESC. SCA was compensated for its efforts with a commission on each service agreement enrolled by the dealer

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