Cancel Extended Auto Warranty
Aftermarket Auto Service Plans: Keep A Very Safe Distance
As you were using your PC today at the office, on the road or at home, did a pop-up appear telling you about some great aftermarket auto service plan that would save you money, especially if you have a large repair looming?
Tempting Isn't It?Although the ad seemed tempting, Consumer Reports urges you to stay away. The reason is that these "plans deny claims; refuse to make refunds and use misleading sales tactics." (source: www.comsumerreprots.org) Typically, the type of ad we're discussing explains how to eliminate auto-repair bills. Such ads claim that they will save thousands on repairs of majors (and costly) parts of your car. Those parts include: Engines Transmissions Transaxles Driveline parts These are the most expensive repairs facing any car owner, especially if the car has just slipped out from under the original equipment warranty or, if the customer has bought a factory-backed extended warranty, the need will occur just after the extended warranty is over. It's almost like "Murphy's Law" was written for car ownership. It's at times like these that what we'll call aftermarket extended warranties seem to pop up all over your computer screen or, if you bother looking at your spam folder, you find them there seemingly by the score. Consumer Reports has done an exhaustive study of aftermarket extended warranties and their results are not flattering: Major Sites "We've found that extended warranties usually don't make financial sense, and when we took a close look at the terms of those service plans we found other reasons to avoid them." (source: www.consumerreports.org) Run by such internet marketers as: StopRepairBills.com Mogi US Direct Protect Each of these firms is not directly responsible for any of the products they advertise; they shift responsibility from themselves onto the many third-party firms they represent. The plans offered by these internet marketers offer the moon, the stars and all the heavens, but really all they deliver is a lot of hot air, it seems. For example, they will offer you drivetrain or bumper-to-bumper coverage. This type of coverage "can cost hundreds or even thousands of dollars, depending on: Your vehicle Your vehicle's mileage The plan drawn up for your vehicle Some plans sweeten the offer by dropping deductibles or offering: Towing Car Rental Meals Lodging (if you're away from home) (source: www.consumerreports.org) Play on Desperation Of course, this sounds great and if you are desperate because your car has a few miles on it and the manufacturer won't touch it again as an extended warranty or certified vehicle, then these plans have you where they want you. It's at this point that the smooth-talking sales rep. comes on the line, assures you everything will be all right and sells you a service plan (all you have to do is give them your Mastercard or Visa number and other information and you think you're set to go). As Consumer Reports notes, it all "sounds great, but auto-service plan marketers ave drawn firm from sumer watchdogs, government agencies and consumers who complain that plans deny claims, refuse to make refunds and use misleading sales tactics." (source www.consumerreports.org) Further, the industry has "drawn outrage from the public and members of Congress" because they're sleazy sales practices. They include:" Sending letters to consumers advising them their car warranties were going to expire Sending letters that gave the impression they were representing the manufacturer or dealer and giving them information that was patently absurd regarding their cars and warranties By Marc Stern - An writer, who has specialized in things automotive and technological, among other topics, for more than 30 years, I have been published in the traditional media (eg. magazines, newspapers), where I spent mo...
?r=1264795239 How do I get a refund of NY sales tax on an cancelled extended auto warranty contract?
The dealership would not refund and told me I would have to find a way to get that back myself.
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