Vehicle services scam

Vehicle Service Contract Scams says Carol  March 12, 2014 – 16:13

VehicleServiceContract Vehicle Service Contract Scams says CarolA national scam practiced by some in the vehicle service contract industry has bilked millions of dollars out of consumers. The consumers think they are getting a warranty sanctioned by the auto manufacturer. What most of them got was a worthless piece of paper.

The BBB in St. Louis undertook a study of the industry because of the large number of complaints filed with that BBB. The study included a survey of 660 complainants across the country. The study pointed out that the multi-tiered industry — sellers, providers, administrators, insurers and financing entities – cause confusion among consumers. It notes that 64% of respondents to the survey said they did not know the name of the provider of the contract who was responsible for paying claims and 16% thought the provider was the insuring company.

The survey revealed that 92% of respondents felt that the company’s selling tactics were misleading or otherwise improper. While telephone calls accounted for 28% of the first contact with the company, a like number of consumers said they called a company because of TV or radio advertising. Thirty-one percent said they responded to a mail solicitation.

avatarOnce a contract was accepted and payments begun or completed, 93% of consumers surveyed said the companies refused to allow claims that they thought were covered by the contract. The average amount consumers spent for those “uncovered” repairs was , 480, the study notes.

Tips to consider before buying these types of warranties are:

  • Read the contract carefully. Know what is covered and not covered and under what conditions. If the seller won’t provide a contract, don’t buy it.
  • Do the arithmetic. The cost of a contract can be more than the car’s value.
  • Ask the seller the names and locations of the providers, administrators and insurers. Ask how claims are processed.

Source: www.bbb.org

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Starting at just $6050, and available with an optional 3-year/36000 mile or 5-year/60000 mile Powertrain Warranty you can rest easy knowing that you are covered for any of those “what if” scenarios. Magnuson Products, LLC is excited to announce its new …

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Update - Auto Trading Services

Thanks for the feedback. I've now heard back from two sellers both professing to use these services. One is using "Best Auto Trade" and the other is using "eBay Vehicle Purchase" Program. In both cases you pay for the car and they ship it to you. The description of the car was similar in both cases. I concur with the feedback. This is a scam.

Why So Many Scams Here?!?!?!?

All the postings that don't have a local number but have a @gmail, or @ymail. or @yahoo, they are SCAMS!!
I have been checking these posts out for days, especially when they're offering a 2004, 2005, or even a 2006 vehicle for under $5000.00. Look for the high gloss photos, beautiful background, that obviously isn’t Vegas.....it's probably a scam.
They all want you to send money, and they'll "ship" the car!!! How stupid does one have to be to fall for that??
For 3 days I have been writing to as many posts as I could, looking for a car, and they all ended up being scams

Updated Tips for Buying an Extended Vehicle Warranty for a New or Used Vehicle  — PR Web
The corrected and updated "Tips for Buying an Extended Vehicle Warranty for a New or Used Vehicle" follow: Why should I buy a service contract (often referred to as an extended warranty) if a car comes with a powertrain warranty?

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