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Motor vehicle service contract scams, also known as extended auto warranty scams, aim to deceive you into purchasing a worthless contract. These contracts often come with terms that make it ...
So lesson No. 1: Car dealers make a lot of money selling extended warranties on new and used vehicles, but resist the hard pitch at the dealership and take your time to shop around. Secondly, if ...
Auto-warranty scam. Most people don’t know quite when their car warranty or insurance is up, which is what makes this scam so universal. Here, the caller will impersonate your insurance company ...
Automotive warranty. An automotive warranty is a guarantee provided by a vehicle manufacturer or a third party, ensuring that any defects or issues with a vehicle will be repaired or addressed within a specified period after purchase. [1] This warranty is most often an important aspect of purchasing vehicles since it provides buyers with ...
Extended auto warranty. All new cars in the United States come with a warranty that cover repairs for a certain period of time and a certain number of miles, such as 3 years and 36,000 miles. An extended warranty provides similar coverage beyond those time or mileage limits. Legally, only the original manufacturer can "extend" a warranty.
An extended warranty is worth your time if your car isn't extremely reliable and you wouldn't necessarily be able to pay for major repairs right now. If you purchase a used car from a dealer, an ...
Auto warranty robocalls are a series of scam robocalls in North America originating from the Sumco Panama company. [62] The call typically begins "We're trying to reach you about your extended warranty"; it is a phishing scam intended to trick the caller into calling the provided number and then submit their credit card details to extend a non ...
Updated December 12, 2023 at 4:03 PM. Luke Sharrett. The Federal Trade Commission announced a new rule Tuesday that is intended to stop auto dealers from using hidden fees and bait and switch ...