Growing in the Same Field

By Jacob Bryce
Published on November 16, 2023

Guided by the principles of offering maximum value, peace of mind, and efficient business processes, Machinery Scope is enhancing its offerings with extended warranty solutions aimed at benefiting equipment owners, dealers, industry professionals, and auction companies. With over three decades of experience in warranty services, our team of collaborators designed solutions that address intricate regulatory and risk transfer needs pertaining to the extraordinary expense of a major mechanical failure. 

What is the same?

  • Our team is driven to add value to equipment dealers and their customer’s operations. 
  • We are here to assist in the sales and marketing of the extended warranty programs.
  • Nobody is more passionate about providing dealers solutions to help sell equipment.
  • We understand your business and the concern over the cost of a major mechanical failure.
  • Our team genuinely cares about developing programs that increase your customer loyalty and satisfaction.
  • We are dedicated to premier customer service with availability 7:00 AM to 7:00 PM Monday through Friday and 7:00 AM to 2:00 PM Saturday (central time).

What has changed?

  • We are dedicated to unmatched professionalism which will now include the administration of the extended warranty programs including a simple claims process.
  • We can more easily collaborate with dealers and equipment manufacturers to develop programs.
  • Our extended service contracts are backed by CNA for your peace of mind that we will be here when you need us most.

Our plans are designed with you in mind

  • We offer extended warranty plans on both new and used equipment.
    • “NEW” = Equipment within base warranty
    • “USED” = Equipment outside of base warranty
  • 3 levels of coverage to fit your needs:
    • Powertrain = includes the engine, drivetrain, and more.
    • Powertrain+ = includes the Powertrain components plus additional hydraulic components such as hydraulic motors, hydraulic pumps, and more.
    • Ultimate = includes the Powertrain+ components plus additional components such as the variable fan drive, starter, alternator, air conditioner, factory installed auto steer, etc.
  • Qualification of the equipment is determined at the dealership – no waiting!
    • The inspection of the equipment is performed by the dealer’s trained and certified service technician to ensure the equipment does not have any pre-existing conditions. This includes checking the fluids for any foreign materials or fines that would indicate a pre-existing condition. If the equipment is determined to be free from any defects and it qualifies for one of our programs, it may be enrolled.
  • Solutions for equipment up to 15 years old at the time of enrollment
    • Tractors up to 5500 hours
    • Combines, Sprayers, Floaters, Cotton Harvesters, Forage Harvesters, Windrowers, and Skid Loaders up to 3500 engine hours
  • Simple Claims process
    • Phone call for pre-authorization of claims
      • We want this process to be easy and to provide an opportunity to discuss the claim, so all parties are aware of what is and is not covered without any hassle.
      • Final claims submitted online by attaching the work order, pictures (if requested), and entering basic information.
      • Claims will be reviewed for coverage of component and decisions will be made in a timely manner with open and clear communication to all parties.
      • Approved claims reimbursement will be sent to the dealership to reimburse for covered repairs.

We are here to support the dealership throughout the process. No part of the process is more important than the part affecting you. We are here to help with training, sales, service, and the claims process. You can count on Machinery Scope to answer the phone and provide timely answers to your questions! Contact us today!

More News & Updates

Equipment Extended Warranty FAQs

Having been in the business since 2013, we’ve put together a list of the most commonly asked questions we hear regarding Extended Warranty. If you have a question you can’t find here, please feel free to contact us.

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What types of coverages are available?

The parts covered are the main difference between each plan. It is important to review the breakdown of what is covered by each level of protection being offered in the terms and conditions of the coverage.

  • Powertrain: This plan includes the components pertaining to the engine and transmission that oil touches. Our plans will also provide coverage on additional related components.
  • Powertrain+: Covers the hydraulic pumps and valves. In some instances, Powertrain+ will need to be purchased to cover hydraulic drive components, such as factory installed rear-wheels assist on combines.
  • Ultimate: covers several components often found in comprehensive coverage but is not to be considered “full machine” or “bumper-to-bumper.” Covered components include, but are not limited to emissions components, starter, alternator, engine block heater, ac compressor, factory installed auto steer, front axle suspension, ROPS and FOPS.

We are always happy to talk through the details of the different solutions that we can offer so that you have the information and full transparency to decide what is best for your operation.

What are the benefits of having extended warranty on my equipment?

There are numerous reasons why having an extended warranty plan might make sense for your operation. Besides being a risk management tool on your operation, having extended warranty remaining on used equipment will translate to improved resale value. For example, we estimate that used equipment with at least one year and 250 hours of coverage will have improved resale value between 1% and 5%. For dealerships, equipment that has coverage will sell more quickly than those that do not (assuming everything else being equal).

Most importantly, an extended warranty plan can save you from the financial burden of a major repair bill. Extending the protection on your equipment provides peace of mind by helping to turn an unknown variable cost into a known fixed cost.

What are the key differences between all the companies that offer coverage?

Most OEM’s offer some type of coverage. There are also independent providers, such as Machinery Scope, that offer coverage for a wide range of equipment types, makes, and models of equipment. We are proud to offer our solutions to equipment dealers so that we can protect their mainline offerings as well as competitive trades. Machinery Scope is also proud of being deeply rooted in the equipment industry, both in our farming operations and within the equipment dealerships. Our roles within the equipment dealership have included, sales, sale management, operational management, service technician, and service management. We understand this business and we are proud to leverage that to make it easy for our dealers and their customers to do business.

Another key distinction from one program to the next is how the programs are financially supported. Programs can be fully insured, reinsured, bonded, or backed by the financial strength of the administrator and/or the company offering the policies. Additionally, commercial extended service contracts are regulated differently by each state. Certain terms, products, and or programs will vary from state to state. It is not unreasonable to ask questions. At Machinery Scope, we administer the plans we provide and are proud to be backed by CNA to provide you with a product that you can count on when you need it most.

What factors determine how much my plan will cost?

As you can imagine, the cost of the coverage varies. This will depend on the following factors:

  • Age of the equipment
  • Current hours
  • Type of equipment
  • Horsepower
  • Usage
  • Prior claims history on that model (or series)
  • Requested Years of Coverage
  • Requested Hours Per Year
  • Coverage Type (Powertrain, Powertrain+, or Ultimate)
  • Deductible