E x tended W arranty P rogram Created with you and your customers in mind ◆ Increase customer satisfaction ◆ Enhance your business reputation ◆ Boost repeat business and referrals ◆ Grow your company’s bottom line Innovation never felt so good.™ Complete Care Plus™ Advantages and opportunities Builds customer satisfaction by providing affordable protection against repair bills on all brands of equipment your company sells Attracting new customers is only part of the challenge facing your business Gives your customers a value-added benefit by protecting their investment for years beyond the standard warranty customers. It allows you to provide extended warranty coverage for Lennox® Enhances your business reputation by promoting customer loyalty and repeat referral business Creates additional revenue and profit for your company with no inventory investment in today’s competitive HVAC marketplace. Retaining those customers is an important key to your success and long-term growth potential. Complete Care Plus™ is a valuable – and highly profitable – tool for retaining products and all other major brands of heating and cooling equipment your company sells. Complete Care Plus™ protects your customer’s investment ◆ Creates added value by protecting equipment after standard manufacturers’ warranties expire ◆ Eliminates service hassles and additional expenses ◆ Covers all major HVAC brands ◆ Provides a variety of coverage options – 5- or 10-year parts and labor – 2- or 3-year labor only – 10-year parts only ◆ Requires no deductibles ◆ Costs only pennies per day on average ◆ Improves home value with fully transferable benefits Complete Care Plus is 100% insured and fully protected, offered by Lennox in partnership with Service Net. Three out of ten consumers will purchase an extended warranty if one is offered. Source: Warranty Week magazine Market Trends Why do consumers purchase extended warranty plans? ◆ High cost of repairs – The benefits of purchasing Complete Care Plus™ become clear to your customers when you explain how much potential repairs can cost without warranty coverage. ◆ Limited manufacturer’s warranty – Standard manufacturers’ warranties are time-limited and only cover defects. Complete Care Plus protects the customer’s investment after Fear of obsolescence often drives consumer interest in extended warranties. With Complete Care Plus,™ your customers are assured that if their equipment cannot be repaired, it will be replaced. the manufacturer’s parts warranty expires, and after the dealer’s labor warranty expires. ◆ Sophisticated technology requires trained technicians – Customers realize that today’s heating and cooling systems employ advanced technologies that require the expertise of highly trained technicians when unexpected service needs arise. Good for your customers. Good for your business. Offering the Complete Care Plus extended warranty program gives your customers genuine peace of mind by protecting their investment. Your business benefits, too, with increased customer loyalty…and profits! Why Offer Complete Care Plus? Good For Your Customers Good For Your Business Financial Benefits Eliminates high cost of unexpected repairs; affordable coverage with no deductibles Builds trust and promotes customer loyalty Increases your company’s profitability and revenue growth potential; no inventory investment Enhances your business reputation; positions you as a full-service provider Grows your customer base; enhances long-term business growth Increased Customer Satisfaction Repeat Business and Referrals Encourages future purchases; satisfied customers generate referrals Selling techniques Offer Complete Care Plus at every opportunity ◆ Include warranty pricing in your complete installation proposal 85% of consumers will make – Make the customer aware of the importance of warranty coverage repeat warranty purchases. – Explain that the cost of one out-of-warranty repair is often more expensive than the purchase of an extended service plan Source: Warranty Week magazine ◆ Discuss extended warranty coverage throughout your sales presentation – Mention the plan early and often – If you wait until the end of the sale, usually it’s too late ◆ Offer the warranty during a routine maintenance call – Coverage is available on existing equipment up to 8 years old Program Details What is covered? All residential and commercial applications with ARI-matched systems are eligible for the Complete Care Plus™ Program. All brands of HVAC systems can be covered. Complete Care Plus options included 5- or 10-year parts and labor plans, 2- or 3-year labor only plan and 10-year parts only coverage. Please refer to your sales guidelines and price sheets for details. It is important to inform customers that annual maintenance, or any failure due to the lack of routine maintenance, is not covered by the service plan. This gives you an opportunity to promote planned service for the length of the contract. You can offer annual maintenance free of charge in the first year as a promotional item, and build charges for the following years into the purchase price. Remember to submit parts claims for reimbursement to the manufacturer for any parts replacement while the product is under OEM warranty. To ensure that you will be reimbursed for all repairs performed, please refer to the Complete Care Plus repair times guidelines and service FAQs in your sales guidelines. What is NOT covered? ◆ Natural disaster, abuse, or any damage that is not a result of mechanical component failure ◆ Annual maintenance or lack of routine maintenance ◆ Failure due to equipment operation in a corrosive environment ◆ Overtime charges (unless it is a confirmed health- or weather-related emergency) Both your company and your customer will receive a copy of the Certificate of Coverage with Terms and Conditions listed on the back. © Lennox Industries Inc. 2006 (27W67) EWM 11/06 Visit us at www.lennoxdavenet.com. PC47381