Aftermarket Vehicle Warranty scam Happening Again

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Have you got a letter in the post caution that your auto guaranty is preparing to expire, despite the undeniable fact that your warranty expired 3 years back? Although the letter may look like it is being sent from your vehicle dealer or manufacturer, it might be a swindle.

One Auto Warranty Company that has an A on the BBB, and is a Preferred member of TRUSTLiNK is US Direct Protect.

Shoppers who receive mail or telephone calls alert that their vehicle warranty is preparing to expire should be doubtful. The firms behind the post and calls may imply they represent your auto dealer or manufacturer, using phrases like "motor auto notification," "final warranty notice" or "notice of interruption," to make the offers appear urgent and to get you to call a toll-free number for detailed information. Sometimes, they even could have your vehicle's vehicle identification number, commonly referred to as the VIN.

More than likely, these pitches are from unrelated businesses that need to sell you extended guaranties, more exactingly known as service contracts, which frequently sell for hundreds or thousands of dollars. A service contract is a guarantee to perform ( or pay for ) certain repairs or services. Although a service contract is frequently called an extended guaranty, it isn't a warranty as outlined by Fed. law. A service contract could be prepared any time and always costs more. A guaranty includes a new auto and is included in the original price. Used cars may come with some form of coverage. The separate and additional cost distinguishes a service contract from a warranty.

If you respond to a call from a business pitching so-called extended warranties, you are likely to hear high pressure sales tactics Alongside demands for private money information and a down-payment prior to getting any details about the service contract. If you purchase a service contract, you might find that the company behind it won't be in business long enough to meet its commitments.

The Tennessee Department of Commerce

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