Customer Value
Potholes, curbs, and road debris damage tires and wheels in ways ordinary insurance and factory warranties usually don’t cover. Tire and wheel protection repairs or replaces damaged tires and wheels — along with associated labor — with no deductible. Coverage includes:
- Repair or replacement of a covered tire damaged by road hazard
- Repair or replacement of a covered wheel that can’t maintain a proper seal due to road-hazard damage
- A choice between 3-year and 5-year terms
- Up to $100 reimbursement for towing directly related to a covered failure
- Coverage that transfers if the vehicle is sold
- No deductible
Dealer Value
Tire and wheel damage is one of the most common post-sale complaints a service department sees, which makes this a highly relatable product at the point of sale. It also brings the customer back to your service drive rather than an independent tire shop.
The LaterBank Difference
LaterBank trains your F&I team to present this coverage around a real scenario — hitting a pothole or curb — and to clearly explain what a standard warranty leaves out, so the value is easy to grasp.
Fit Review
This product fits nearly every customer, but term length and reimbursement limits should reflect your local road conditions and typical ownership length. We’ll review how it’s positioned in your current lineup.
