Their solicitations often come by way of auto-dialed, pre-recorded phone calls, late-night TV commercials or direct mail letters. These ads are usually filled with a sense of urgency trying to scare uninformed buyers into instant action. "Final notice! Your vehicle's warranty is about to expire! Don't go another day without coverage!"
Third-party extended-warranty companies promise to offer you peace of mind in the event that your vehicle breaks down. But all too often, their shady practices scam people out of their money instead of giving them real coverage when they need it. Not every extended warranty company is out to rip ... Back to article
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2 comments
By sdeng
on 12/21/10
4:46 PM PST
A true losser's story. 1. On 2/27/2010 I bought the 2009 Impala CPO with 38781 miles on it, specifically asked the financial manager with Community Chevrolet if there is any deductible, answer was NO. But it actually came with $100 deductible. 2. The CPO car came with 12000mile/12month as certified vehicle, and I purchased 32000mile/48month GMPP Major Guard protection. Again the financial manager with Community Chevrolet told us the car would still be in coverage till 2/27/2015 or at 82781 miles. So it will start after the certified warranty runs out. I think that is a logical explanation. Just to find out that the coverage I purchased only covers up to 2/27/2014 or at 70781. In fact, it costs $1800 for 20000mile/36month. 3. When I got the booklet, sent emails on 05/18/2010 to the sale person, financial manager, and sales manager asking to cancel the policy, the dealership seems to be nonexistence. Call GMPP, they were saying that it is MY FAULT that signed a document that I didn’t understand. What a joke! Other than saying it is a scam to rip you off, can’t think of anything else.
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By rcaraway
on 04/04/11
9:07 AM PST
Does anyone know of a list of reputable warranty dealers?
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