LAKEWOOD, Colo. -- GE Auto Warranty Services has developed a dealer participation program, called Earnings Plus Elite, that offers profit sharing advantages to dealers by giving them an opportunity to increase revenues on the sale of vehicle service contracts.

The retro program includes a production bonus on each contract sold and a deferral option of up to five years to collect additional interest. It also lets dealers earn interest income on their account balances, with up to 99% of the insurance premium allocated into the dealer's account.

"With our 2005 program we have increased our production bonuses and lowered our qualification levels, making it even easier for dealers to generate increased profits from the sale of our vehicle service contracts," says George Godfrey, vice president of sales for GE Auto Warranty Services.

Program start-up is free and dealers get quick payout, receiving their first production bonus checks 45 days after their first qualifying month.