Warranty Cost Estimate Storm

The entire expense of in-dealership warranty administration can be a surprising number to most dealerships. By comparing the cost associated with the time that your employees spend on warranty administration, the following tool can help determine what your expense is for one year. Use your exact numbers or simply use the sample numbers provided.

Select view:

Step 1 of 5: Please input the hourly wage and weekly hours for employees involved in warranty operations at your dealership.
	EXAMPLE	Warranty Administrator
Wages
Hourly wage	$10.80	$ /hr.
Hours/week	40 hrs.	$ hrs.
Overtime hours	0 hrs.	$ hrs.
Weekly Wage Total	$432	$
Monthly Wage Total	$1,728	$
Yearly Wage Total	$22,464	$
Total yearly wages for all employees

Step 2 of 5: Please input the yearly benefit costs associated with each employee.
	EXAMPLE	Warranty Administrator
Benefits
FICA/Medicare	$2,200	$ /year
Health Plan	$3,600	$ /year
Unemployment/ workman's comp	$90	$ /year	$ /year
401 K, profit sharing	$0	$ /year	$ /year
Miscellaneous: Demo vehicle, uniforms, etc.	$200	$ /year	$ /year
Benefits Weekly Total	$117.12	$	$
Benefits Monthly Total	$507.50	$	$
Benefits Yearly Total	$6,090.00	$	$
Total yearly benefits for all employees

Step 3 of 5: Please input the amount of time each employee spends on warranty per day.
	EXAMPLE	Warranty Administrator	Other
Warranty Time
Hours per day spent on warranty	8 hrs.	hrs.	hrs.
Weekly Warranty Time Total	40 hrs.	hrs.	hrs.
Monthly Warranty Time Total	160 hrs.	hrs.	hrs.
Yearly Warranty Time Total	2080 hrs.	hrs.	hrs.
Total time spent on warranty for all employees

Step 4 of 5: Please input any additional costs associated with processing warranty claims at your dealership.
	EXAMPLE
Additional Costs
Yearly warranty training	$875	$ /year
Yearly cost for warranty software, time guides (USC, ADP, R&R) and integration	$500	$ / year
Weekly Additional Warranty Cost Total	$	$
Monthly Additional Warranty Cost Total	$	$
Yearly Additional Warranty Cost Total	$	$

TOTAL COST TO PROCESS WARRANTY CLAIMS IN-HOUSE	Week: $ Month: $ Year: $
	Step 5 of 5: Now input your 263 account annual figure from your financial statement It costs your dealership % to process warranty claims in-house.
If you would like to find out what the percentage rate would be for J&L Warranty Pros to process your warranty claims, please fill out this form: Free Warranty Analysis >>