Review on KAR by Chad Myers

KAR has a number of products for vehicle warranties. In addition to the above mentioned, they also offer a warranty administration platform (WAP), which helps companies with warranty contracts. WAP allows companies to manage their customer base from a central location. This allows a company to maintain control over the entire process. Customers sign up online or via the phone. The system then generates quotes and invoices for customers and sends them the necessary paperwork for approval. Customers must approve their invoice before the warranty begins. The warranty period can be adjusted according to customer needs. Companies can set a grace period for new vehicles, where if a customer fails to pay within the specified amount of time, the vehicle may be repossessed. KAR provides additional services such as vehicle inspections, and even includes the ability to add accessories to vehicles. KAR offers discounts to businesses with low credit ratings, allowing them to provide better terms to potential clients.