To shield yourself from potential unexpected costs, it may be worth considering a vehicle service contract when you buy or own an EV. A vehicle service contract is an agreement that covers the expenses of certain repairs for a specific period. These contracts are typically available from a dealer or third-party provider and can be purchased for both new and used vehicles.
By investing in a vehicle service contract, owners can enjoy peace of mind, knowing that they won’t have to bear the burden of repair costs out of pocket. While these contracts do come at an additional expense, they can save owners a significant amount of money over the life of the vehicle. Many vehicle service contracts cover items such as battery replacements and motor repairs which can be costly if paid for out of pocket.
