Don't Let Your Wallet Breakdown

A few weeks ago I promised my mom that we would drive her from South Dade to Auntie Marie’s home in Broward so that she could visit with her for the weekend.  They are both 80 years old and neither one drives further than the nearest Publix.

Of course, a few days before the scheduled weekend visit my dear husband’s car starting acting up and eventually stalled in the middle of the street.   Our trusty old SUV is getting older and has quite a few miles on it, but thankfully we purchased the mechanical breakdown service from Tropical Financial Credit Union.

Well, we got out our contact numbers and drove to the dealership.  The shuttle drove us home while the mechanics made their diagnosis….dum dum dah dum…   Late that afternoon, we received the call.  The problem has to do with the transmission, but the part is not on the premises.  It has been ordered and wouldn't be there until the following week.   We were given a rental and were on our way to drop off mom at Auntie Marie’s.    A week later we got a phone call advising that our car was ready and available.  We headed to the dealership, signed the papers, returned the rental and off we went at NO  CHARGE!!   When I looked at the bill it was well over $1500!   The labor alone was over $500, not to mention an eight day car rental….

In the past we never keep a car more than 2 years, and therefore we never needed the mechanical breakdown warranty.  Statistics are showing the consumers are hanging on to their cars longer than ever before, and we’re no different. These past few years we have tried to economize and have kept the cars, so when this car turned 3 years old a co-worker convinced us to purchase the mechanical breakdown service even though the car was older.   The problem was not having the cash on hand, so we took out a personal loan and purchased the insurance.  The monthly PSL payments were almost insignificant in dollar amount, but very significant in our lives as far as breakdowns are concerned.  Although we have not had too many incidences, I totally dislike being inconvenienced and not having MY car when I want it…I’m sure you all can relate.  I am totally happy with the smooth and efficient way that this whole insurance thing works.   A certified mechanic calls the service provider, a diagnosis is made, if necessary a representative visits the repair shop/dealership to inspect the problem as well as the resolution, and everything is handled between the mechanic and the insurance company.  I'm also provided a rental if necessary and I am on my way.  So, no more haggling with the mechanic as to which thing should I fix now, and which should I fix later when I have the money.  Minimal inconvenience and it has proven to be the best money we have ever spent.  

A single major car breakdown can impact a family and their financial status.  Invest in yourself; ask your Tropical Financial Credit Union representative for a quote for mechanical breakdown insurance for your car – peace of mind for you and your family. 

^Kat