In a world where a car repair can cost as much or more than a mortgage payment, RepairBANC’s premier vehicle service contracts can make a lot of sense, especially if you have an older vehicle. The company helps to keep your car on the road while striving to save you money and help protect your vehicle.
Editorial Breakdown
Coverage
Customer Service
Price
Ease of Purchase
Overall Rating
Bottom Line
RepairBANC offers three car warranty plans, each covering and excluding different parts of your vehicle. Each plan includes benefits like rental car reimbursement, roadside assistance and more. Get a free quote on any of their plans below.
RepairBANC covers new cars as well as older vehicles with three levels of Omega Auto Care service contracts, or car warranties. Each includes extra benefits at no additional charge, and you can take your car to any licensed repair facility.
RepairBANC vehicle service contracts can save you hundreds or thousands of dollars on repair bills if you own a new car with a manufacturer’s warranty that is expiring soon, you have a used car, or you are shopping for a used vehicle. Leading online car buying service, CarsDirect.com, reports that a transmission repair can cost anywhere from $1,400 and $3,000 in today’s market. With the high cost of vehicle repairs, it’s not surprising that a 2017 AAA study found that 64 million drivers could not afford to pay out-of-pocket for vehicle repairs that cost $500 to $600. Each RepairBANC vehicle service contract has predefined deductibles, so the cost of covered repairs is never a guessing game.
Pros
RepairBANC sells service plans from a very reputable company
Every policy includes extra benefits
Coverage gets high marks across the board from review sites and experts
Cons
No claims service on Sundays
RepairBANC Vehicle Service Contracts
Each of three RepairBANC vehicle service plans excludes and covers different repairs, so read contracts thoroughly and ask questions to be sure you understand all the terms. Some plans have add-on coverage available, so ask the sales representative about these options. RepairBANC has a no-hassle 30-day money back guarantee, so you can cancel if you decide the benefits are not for you.
Contract
Vehicles Covered
Covered Components
New Exclusionary Nearly Bumper-to-Bumper
Under 100,000 odometer miles and up to seven years old
Almost all major component systems
Used Stated Coverage Comprehensive
Less than 150,000 miles and under 10 years old
Major systems and components
Powertrain Protection Most Expensive Repairs
Under 250,000 miles and 15 model years old or newer
Engine, transmission, transfer case, drive axles, seals and gaskets
RepairBANC Vehicle Service Contracts
Additional perks with each contract:
Roadside assistance 24 hours a day, 365 days a year
Road hazard coverage (tires only), up to $100 per tire, per occurrence
Rental car reimbursement
Trip interruption insurance up to $75 per day if your road trip is interrupted by a breakdown
RepairBANC Costs and Guarantee
To get a quote on a vehicle service contract, either fill out the online form to have a salesperson contact you or call RepairBANC directly. Because RepairBANC covers vehicles of varying miles and age, it’s impossible to publish quotes here, however, the average annual cost of an extended car warranty or service plan runs between $350 to $700. You do not have to pay for the entire contract at once. RepairBANC is happy to work out monthly payments with you, backed by a 30-day money-back guarantee.
When you need to have your car repaired, call RepairBANC to start the process and to identify a licensed repair shop. If you need a tow, RepairBANC has you covered. RepairBANC will pay the mechanic for nationally-recognized labor rates, and part prices must not exceed the manufacturer’s suggested retail price.
Below are the average costs of common repairs in a typical car.
Source: RepairBANC
RepairBANC Complaints
RepairBANC is a newer company, so we turned to reviews of the Omega Auto Care line of service contracts sold by RepairBANC to determine consumer sentiment. Customer reviews on ConsumerAffairs mention very strong customer service and a smooth claims process with a high level of customer satisfaction. A company representative personally replied to the small number of negative reviews from verified customers, indicating that the company cares about service after the sale. Omega Auto Care rates highly with the Better Business Bureau at nearly 4.9 out of 5 stars.
Before having any work done on your car, a representative from the licensed repair shop must contact RepairBANC to get authorization to perform the repairs. RepairBANC pays the shop directly after receiving confirmation that the repair was completed, along with the official invoice.
Can a RepairBANC plan replace my vehicle’s warranty?
No. A RepairBANC vehicle service contract goes into effect after the manufacturer’s warranty lapses. To summarize the Consumer Financial Protection Bureau explanation of a vehicle service contract vs. a manufacturer’s warranty, warranties come with new vehicles and provide coverage for manufacturer’s defects, usually for three to five years. Service contracts are purchased by the vehicle owner and provide financial protection from costly repairs not covered by the manufacturer’s warranty.
When is the best time to buy a RepairBANC service contract?
Depending on how a vehicle service contract is worded, if you purchase a plan while your original warranty is still in effect, you could potentially be paying for an overlap in coverage. Buying extended coverage just before your manufacturer’s warranty expires makes the most financial sense.
Do the plans from RepairBANC cover regular maintenance?
No. The majority of the vehicle service plans on the market today don’t cover standard maintenance and many, RepairBANC included, require you to keep up with the maintenance schedule published in the owner’s manual from the manufacturer. You will want to hold on to your maintenance documentation to prove that covered repairs are not caused by a failure to maintain the vehicle properly.
How do I find out which repair shops I can use?
As long as the repair shop is licensed, you can use it, and RepairBANC vehicle service contracts are accepted nationwide. Call RepairBANC to confirm the shop you wish to use.
What if my car needs a repair not covered by my RepairBANC service contract?
If the mechanic runs diagnostics and finds your car needs a repair not listed under inclusions in your contract, you are responsible for the diagnostic fee and the cost of repairs.
Conclusion
You don’t think twice about insuring your car for damages caused in an accident so why not take the same level of precaution against repair costs you will likely have to deal with? Buying a service contract from RepairBANC gives you peace of mind because you know some of the most expensive vehicle repairs won’t set you back financially. RepairBANC is a dependable company capable of serving customers as evidenced in their reviews and ratings, and they sell some of the best vehicle repair contracts available.
