Question 1

Major Drivetrain Protection

Accepted Answer

AssuraCar major drivetrain protection benefits are included on ALL AssuraCar plan programs.

Each vehicle qualifies to receive up to a $3,500 reimbursement allowance for all standard program level vehicle plans, or up to a $5,000 reimbursement allowance for all premium program level vehicle plans related to major drivetrain repairs or replacements.  Major drivetrain repairs consist of items that would require either the engine, transmission or transaxle/transfer case to be completely replaced or overhauled due to mechanical malfunctions as described in the AssuraCar terms and conditions.  Vehicle reimbursement allowances are limited to one repair provision per vehicle and cannot be combined.  Repairs that qualify for reimbursement that are under the allowed max limits will be reimbursed at the lowest amount presented not to exceed program limits. 
 
Eligibility Requirements

Vehicles must be 15 years or newer with under 125,000 miles to qualify for major drivetrain protection reimbursement program allowances.

Major drivetrain protection reimbursements are void in the event when vehicles are proven to have previous known engine or transmission failures at time of, or before, vehicle acquisition.  AssuraCar offers assistance when the unknown or unexpected mechanical malfunction is presented after the vehicle is flagged for appropriate business use and given a clean bill of health.  AssuraCar requires a qualified 3rd party ASE Certified inspection to be performed for any drivetrain program reimbursement allowances.

All major drivetrain reimbursement provisions will be automatically denied unless a mechanical inspection has been completed by a qualifying ASE Certified repair facility on the vehicle presented for major drivetrain protection reimbursement along with proof (copy of the inspection report) that the vehicle was intended for appropriate business use.

Question 2

Guaranteed Buyback Provision

Accepted Answer

AssuraCar buyback plan options include the following options (auction sale/transportation/misc. fees added to vehicle purchase price are not included or calculated toward the stated buyback percentage allowance):

Standard Membership Plans 
AssuraCar GOLD: 100% vehicle buyback/remarketing allowance through 45 days of vehicle ownership; 250 max mileage allowance from date of purchase.

AssuraCar PLATINUM: 95% vehicle buyback/remarketing allowance through 75 days of vehicle ownership; 500 max mileage allowance from date of purchase.

AssuraCar ELITE: 90% vehicle buyback/remarketing allowance through 105 days of vehicle ownership; 750 max mileage allowance from date of purchase.
 
Premium Membership Plans 
AssuraCar GOLD: 100% vehicle buyback/remarketing allowance through 60 days of vehicle ownership; 250 max mileage allowance from date of purchase.

AssuraCar PLATINUM: 95% vehicle buyback/remarketing allowance through 90 days of vehicle ownership; 500 max mileage allowance from date of purchase.

AssuraCar ELITE: 90% vehicle buyback/remarketing allowance through 120 days of vehicle ownership; 750 max mileage allowance from date of purchase.
 
Eligibility Requirements

Traded in or non-auction acquired vehicles can participate in buyback program allowances but will require ACV approval at time of plan purchase for consideration.

All fees unrelated to the vehicle buy fee stated on the auction purchase order or bill of sale including vehicle transportation or any other miscellaneous fees are not included or calculated toward the stated vehicle buyback/remarketing percentage allowances.

Vehicles must be 15 years or newer with no mileage restriction in place and must be in the same or better condition compared to the vehicle’s acquisition date (vehicles with inaccurate odometer disclosures, kilometers or TMU will be disqualified from program allowances; see terms and conditions for additional AssuraCar buyback program disqualifications).

Vehicles with confirmed pre-existing mechanical failures and vehicles that have not been mechanically inspected or repaired during the guaranteed buyback provision timeframe will be disqualified from any buyback/return provision program allowances (vehicles with minor repair needs will still be considered for program allowances).  The AssuraCar buyback program is designed for “good faith” coverage, to offer buyback assistance for appropriate business use vehicles, and is not considered a resource for liquidating program disallowed vehicles, purchase errors, or vehicles that have mechanical, cosmetic or other issues that drastically reduce the vehicle’s value.  The 21-day vehicle return allowance is only available for qualifying vehicles that have a premium program plan purchased.

See terms and conditions for a complete description of the 21-day vehicle return eligibility.  It is the responsibility of the vehicle owner to deliver any 21-day return program vehicle to a designated partnering AssuraCar auction facility.  AssuraCar does not offer transportation reimbursement assistance for vehicles that are returned through the 21-day vehicle return program.  AssuraCar is, however, responsible for securing vehicles and paying for required transportation methods related to all vehicles that are repurchased under the buyback provision for premium program type purchased plans.  Vehicles must be located within 250 miles of a partnering AssuraCar auction facility to qualify for transportation assistance (Standard program plans do not qualify for any vehicle transportation cost allowances or credits).

Guaranteed buyback/remarketing program provisions are allowed for vehicles purchased up to $35,000 (vehicles purchased over $35,000 will have a 1% vehicle evaluation fee deduction applied to buyback allowance based on program guidelines).

See Terms and Conditions for full list of ineligible vehicles.

Question 3

Remarketing Program

Accepted Answer

AssuraCar LIFETIME remarketing program allowances are in place for all AssuraCar plan program options (individual and membership plans included).

Remarket any vehicle for a $200 net sale fee for standard program type purchased plans, or for a $150 net sale fee for vehicles submitted under qualifying premium program type purchased plans regardless of the vehicle sale price (remarketed vehicles must be sold through a partnering AssuraCar auction facility for discounted remarketing fees to apply).  It is the responsibility of the vehicle owner to deliver any remarketing selected vehicle to a designated partnering AssuraCar auction facility.  AssurCar does not offer transportation reimbursement assistance for any vehicle that is ran through the AssuraCar remarketing program.  AssuraCar leverages scale to improve run numbers but makes no assurances nor guarantees on auction run number placement.

Vehicles that are ran in-lane will only qualify for 3 run cycles for the remarketing program allowance to remain in effect.  Vehicles offered through partnering AssuraCar online platforms have no program allowance expirations in place.

In addition to the remarketing program allowance, a market-based vehicle buyback option will remain be in place for any vehicle that has surpassed the guaranteed AssuraCar buyback allowance date.  To participate in this buyback allowance contact an AssuraCar representative to inquire about the current buyback options available.

Eligibility Requirements

Remarketed vehicles must be sold through a partnering AssuraCar auction facility for discounted remarketing fees to apply.

It is the responsibility of the vehicle owner to deliver the remarketed vehicle to a designated partnering AssuraCar auction facility. AssuraCar leverages scale to improve run numbers but makes no assurances nor guarantees on auction run number placement.

Titles that are flipped to a different entity name will be disqualified from the discounted remarketing program allowance unless permission is granted from the AssuraCar team.

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Program Highlights

Major Drivetrain Protection

Guaranteed Buyback Provision

Remarketing Program