IGA launches savings plan for motorists

The Independent Garage Association (IGA) has announced the launch of a new service plan for its members.

Simply named the Car Repair Plan, the scheme has been designed to enable customers to put money aside into an account to cover the costs of repair and maintenance work on their vehicles. Designed to help motorists account for sudden charges, members can then use this plan to pay for work at participating garages.

For garages themselves, they can plan for unexpected costs by acquiring the right road risks insurance or combined motor traders insurance policy. By speaking to expert brokers like Bollington to get the best cover for your business, an individual or company can prepare itself for unforeseen expenses. Moreover, it is worth noting that motor trade insurance can be paid in instalments, spreading the cost in the same way as this savings plan does for motorists, thus alleviating the strains of large upfront fees.

Garages that are accepting payment as part of the Car Repair Plan must be members of the IGA and approved by the Trust My Garage code scheme. There are reportedly 300 garages already registered as part of the initiative, with the long-term aim being to create the biggest plan of this kind in the UK.

IGA director Stuart James said: “Consumers buying new cars are often tied into a plan which is limited to items covered in the service.

“Now, with this plan, all car owners can budget regardless of the age of the vehicle and with the added bonus of knowing that if they do experience a problem, the Independent Garage Association will investigate.”

He added that multiple cars can be added to each Car Repair Plan account allowing flexibility for families.