Warranty Cost Calculator

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.

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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 $ /hour
Hours/week 40 hrs. $  hours
Overtime hours 0 hrs. $  hours.
Yearly Wage Total $22,464 $
Total yearly wages for all employees
Step 2 of 5: Please input the yearly benefit costs.
 
EXAMPLE
Warranty Administrator
Benefits    
FICA/Medicare $2,200 $ /year
Health Plan $3,600 $ /year
Unemployment/ workman's comp $90 $ /year
401 K, profit sharing $0 $ /year
Miscellaneous: Demo vehicle, uniforms, etc. $200 $ /year
Benefits Yearly Total $6,090.00 $
Total yearly benefits for all employees
Step 3 of 5: Please input the amount of time spent on warranty per day.
 
EXAMPLE
Warranty Administrator
Warranty Time    
Hours per day spent on warranty 8 hrs. hrs.
Yearly Warranty Time Total 2080 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
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 jlwarranty to process your warranty claims, please fill out this form:
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Contact a Claims Processing Team Member at 989.662.1000

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