ATLANTA (Nov. 19, 2015) –Purchasing Power recently added automotive care to the portfolio of products and services available through its employee purchase program. Offered as a voluntary benefit, Purchasing Power allows employees to purchase items through a disciplined payroll deduction option.
The new automotive offering gives customers the ability to purchase and have tires installed. Additionally, customers can buy automotive warranties available in three levels of service coverage, ranging from major component coverage to top-of-the-line coverage.
“Employees need to keep their cars running and safe, and all too often the cost of auto maintenance and new tires are a tough expense to cover when you are living paycheck- to-paycheck as many working Americans do,” said Elizabeth Halkos, Chief Revenue Officer. “Being able to obtain these services through an employee purchase program, and pay it off over 6 or 12 months through payroll deduction without having to use alternative, more-expensive, financing options, is a real benefit for employees,” she added.
The tire product line provides employees with the opportunity to obtain a set of two or four tires, including installation cost. After entering information about their car and their zip code, customers receive a list of tires available for purchase specific to their vehicle and a list of available installers in their area from which they can choose. Tires are shipped to the local installer that the customer has chosen.
Often referred to as an extended auto warranty, the new auto service contracts offering provides repair coverage after the manufacturer’s warranty expires. When customers give the year, make and mileage of their car, they will be shown the different levels of coverage they qualify for:
- Platinum coverage is the top of the line, like coverage on a brand new vehicle.
- Gold coverage provides peace of mind for most major systems on a vehicle. It is ideal for vehicles just outside original warranty.
- Silver coverage provides major component coverage on items like engine, transmission, air-conditioning, electronics, etc.
To use the coverage, the customer works with their choice of state-licensed repair facilities and are responsible for their deductible.
“Purchasing Power is pleased to be able to offer yet another meaningful product to its employee purchase program portfolio of products that employers can offer in their benefits package. The program is being piloted with a number of companies now and will launch to all Purchasing Power clients in the next few months,” Halkos concluded.
About Purchasing Power, LLC
Purchasing Power is one of the fastest-growing voluntary benefit companies in the industry, offering a leading employee purchase program for consumer products and services as well as providing financial tools and resources to improve employees’ financial wellness. Purchasing Power is available to 7.6 million people through large companies – including Fortune 100s – and government agencies. The company was honored for “World Class Service” by Smart Business, recognized as one of the fastest-growing companies for eight years on the Inc. 500|5000, and is one of “Atlanta’s Best and Brightest Companies to Work For.” Headquartered in Atlanta, Purchasing Power is ‘Powering People to a Better Life™’ through its employee purchase program, financial literacy efforts and charitable contributions. Purchasing Power is a Rockbridge Growth Equity, LLC Company. For more information, visit www.PurchasingPower.com.