CareGard Warranty Services Revenue and Competitors

CareGard Warranty Services, Inc., a subsidiary of Automotive Financial Group, located in suburban Dallas, Texas, is a leading provider of F&I products and services, operating continuously under the same ownership since its inception in 1994. The company was formed on the premise of offering superior solutions to automotive dealerships and agencies by making available: • The full line of products including service contracts, GAP, Tire & Wheel, Key, Etch, Appearance, Ding & Dent, Pre-paid Maintenance, Limited Warranties, and Lease Protection. • Proprietary state-of-the-art technology solutions integrated with all of the major DMS and menu platform providers. • A claim center fully staffed 24/7/365 with an average speed to answer time, with the ASE certified adjuster, averaging less than 19 seconds since our inception. • Relationships with A rated insurance carriers offering full insurance coverage on the products and services sold. • A training department led by real-world industry experts focusing on all aspects of the dealership including products, sales, compliance, technology, etc. • Multiple profit participation options for dealers and agents to meet their specific needs including reinsurance (CFC, NCFC, XOL), profit sharing, and Dealer Obligor structures. The company has sold and serviced over 2 million contracts since its inception and has paid out in excess of $300 million dollars in customer benefits.