OEM2 Coverage Beyond the Ordinary
When your entire business is riding on the safety and performance of your commercial truck, protecting your investment is job #1. Preventative steps are critical but they are often no match for unforeseen breakdowns or emergency events that can result in unexpected and costly repairs. That’s where aftermarket warranties can be a prudent investment, whether you’re buying a new heavy duty truck or used heavy duty truck.
Protection beyond factory warranties
When purchasing new, the original equipment manufacturer’s warranty (OEMs) covers specific parts, components, and systems. However, for items that are not covered, semi truck owners run the risk of footing the bill for expensive out-of-pocket repairs in the event of an accident, component failure, or general wear and tear. That can get expensive, especially if you’ve financed your new rig and are making substantial monthly payments.
That’s where an affordable extended warranty like OEM2™, powered by TrüNorth™, can make a difference. Offering unique benefits that go beyond an ordinary OEM warranty, OEM2™ provides the added assurance you seek for protecting your truck. By covering certain components that OEM warranties generally do not cover, OEM2™ protects against rising parts, labor, and travel costs. That enables you to extend the life of your heavy duty truck. Equally important, you can repurpose business capital that would otherwise be spent on a new heavy duty truck in other areas of business growth. In addition, OEM2™ is fully transferable, providing the potential to increase resale value when you are ready to sell.
OEM2™ can help:
- Coverage beyond the ordinary. OEM2 Covers all the items listed within the Engine, Transmission, Differentials, Turbo & Aftertreatment package sections as well as the 15 additional internally lubricated parts found in our covered components.
- Lower your risk of unexpected failure costs beyond factory warranty with no hidden charges or fees
- Minimized downtime with 24/7/365 claims adjudication via the TrüNorth Warranty™ live Mobile App, available through Google Play® and the Apple Store®
- Provide an affordable way to manage unexpected and costly repairs
Making dollars and sense of heavy duty truck warranties
Buying a used semi truck makes good sense for many owner-operators and small fleet managers. The purchase of a new semi truck can tie up a considerable amount of working capital, despite the fact that it depreciates considerably the minute you drive it off the lot. For many, used heavy duty trucks are simply a more affordable option. Yet, there’s a greater risk that a pre-owned semi truck will require repairs or experience a breakdown sooner than later, despite regular maintenance. To plan for these inevitable repairs, you generally have two choices, you can set money aside each month for repairs or purchase a comprehensive aftermarket warranty to manage your overall risk.
The first strategy presents a few problems. First, there’s no way to anticipate which systems or components might fail, and when. Therefore, it’s impossible to determine exactly how much you need to set aside now for future repairs. Second, if a given repair exceeds your savings, you either have to borrow the money to pay the difference or are sidelined until repairs can be paid. Both options can be devastating for your business. Self-funding can be difficult because it requires significant discipline to refrain from tapping into reserves for repairs when cash flow gets tight or competing costs arise.
That is where OEM2™ can help resolve these challenges and more since it is a warranty designed to cover the kind of game-changing repairs that can bankrupt a commercial truck owner. With OEM2™, you know exactly what’s covered and what’s not, making it easy to determine and maintain a budget for preventative maintenance and any deductibles that may apply to covered repairs. In addition, you can pay the full price of the warranty in advance or choose to make fixed, affordable monthly payments via TrüFlex Deferred Payment Options. TrüNorth Global is proud to offer this interest-free, no-credit check option for our customers. So when a breakdown does occur, you’re not left scrambling for cash or disrupting business cash flow to cover needed repairs.
Whether you are purchasing a new or used heavy duty truck, a comprehensive aftermarket warranty can make good business sense by reducing your out of pocket-costs for expensive repairs, extending the lifecycle of your truck, and enabling you to invest business capital where you need it most as you grow your business.
To learn more about TrüNorth warranty programs and services, or for help determining the right warranty program for your business needs, visit us at TrüNorth Warranty or call us at 1-800-903-7489. We look forward to exceeding your expectations.
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