Archive for April 2016
BEWARE OF THE EXTENDED AUTO WARRANTY SALES PITCH
After hours of sitting at a car dealership, when you’re feeling numb from long negotiations over the final price of your new automobile when all you really want to do is slide behind the seat of your new car and drive away, the real hard sell begins. The financing manager will present his sales pitch,…
Read MoreHOW TO STEER CLEAR OF EXTENDED AUTO WARRANTY SCAMS
Recently there’s been an explosion of aftermarket extended car warranties companies making wonderful claims on TV and the radio about hassle-free auto warranty protection. Sometimes these folks will even call you at home. But the Federal Trade Commission, the nation’s consumer protection agency, urges you to be skeptical of mail and phone calls warning that the warranty…
Read MoreDOES BUYING A CAR EXTENDED WARRANTY REALLY INCREASE YOUR RESALE VALUE?
You often hear that purchasing auto extended warranties will increase the resale value of your vehicle. Is this another “sales pitch” from overzealous salespeople, or is there some truth behind this claim? Based on my 20+ years of experience working with and around the auto service contract industry, I believe there is. Here’s why; Transferring…
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