Extended Car Warranty Scams

The bbb reached out to asap warranty about these complaints and also to substantiate claims of being rated the most trusted extended auto warranty program.
Extended car warranty scams. Having a service warranty is a great way to defray the cost of automobile ownership. Manufacturer backed or bust. The best extended car warranties are what stands between you and an auto repair bill that could quickly empty your wallet. A scammer masquerading as a legitimate company such as a car dealer or insurer calls you to let you know your car warranty is due to expire.
How do car warranty scams work. You get a call saying your car warranty is about to expire but that you can pay a. If you get a call or letter saying that your new car warranty is about to expire and it offers you an extended warranty use caution. For the first two to five years after buying a new car the cost of unexpected repairs or parts will usually be covered by the manufacturer s warranty.
Although a basic warranty might cover the vehicle for just four years and 50 000 miles a powertrain warranty might offer coverage for six years and 70 000 miles. The scammer then offers you an extended warranty and asks for your personal information to draw up a vehicle service contract. Contact attempts went unanswered. With video below buying a car is an investment that almost everyone makes at some point in their life but keeping that car safe and running well can be expensive.
The call will include some sort of pitch for renewing your warranty or policy. How the scam works. This way you deal with the same company you trusted enough to buy a car from in the. Most vehicles are covered by both a basic warranty and a powertrain warranty.
It goes like this. The best way to avoid extended warranty scams is to choose coverage with the manufacturer s extended warranty. It might cost you more than the third party telemarketers are advertising but you ll rest easy knowing you can trust the policy itself. Once the manufacturer s warranty expires your extended warranty will kick in.
Most car warranty scams are straightforward. If you own a vehicle and a phone you may receive calls from scammers posing as representatives of a car dealer manufacturer or insurer telling you that your auto warranty or insurance is about to expire.