Tire & Wheel Protection
Definition
Coverage for repair or replacement of tires and wheels damaged by road hazards.
Why It Matters
Tire & wheel damage is one of the most common and expensive vehicle repairs. This product is easy to present because customers understand the risk and the cost of replacement.
Examples
- A single tire replacement can cost $200-$400; a damaged wheel can cost $500-$1,500
- Tire & wheel protection typically costs $400-$800 and covers unlimited repairs for 3-5 years
Related Terms
VSC (Vehicle Service Contract)
An agreement that covers mechanical and electrical breakdowns beyond the manufacturer's warranty.
Prepaid Maintenance
A plan that locks in future routine service costs at today's pricing.
PRU (Products Per Retail Unit)
The average number of F&I products sold per vehicle, calculated by dividing total products sold by total retail units delivered. A PRU of 2.0 means you are selling an average of 2 products per car.