Is Service Agreement Program A Scam
If you own a vehicle and a phone, you may receive calls from scammers who introduce themselves as representatives of a dealer, manufacturer or insurer, who tell you that your car warranty or insurance expires soon. The call includes a kind of pitch to extend your warranty or policy. Normally, the price of the service contract is based on the manufacturer, model, condition (new or used), coverage and duration of the contract. The cost of the advance can be between one and several thousand dollars. In addition, you may have to pay a deductible. Find out if the deductible is calculated per visit or per repair. It can make a big difference. Let`s say you have a $100 deductible and your car needs to repair three parts. With the deductible per visit, you pay $100. If you have a deductible per repair, you pay $300. If you are buying a new or used car, the seller may encourage you to purchase a car service contract to protect you from unexpected or expensive repairs.
While a service contract may seem like a good idea, it may overlap with the warranty of the vehicle`s existing manufacturer. So before you spend the extra money, research whether a car service contract is useful. Coverage varies widely. Also beware of unscrupulous dealers who may try to include an auto service contract in your loan without your consent. If you see a fee for a service agreement that you didn`t accept, tell the merchant to enter into it before signing the credit agreement. Victims` site 87113 Type of phishing fraud, under the pretext of „activating a service contract“ for your „VEHICLE“. They do not have information about their own vehicle, nor do they provide real or useful information about what they are „selling“, as far as coverage options or prices are concerned. It starts with: „Our statements show that you have not contacted us to activate a transport service contract.“ The most disturbing thing is that I navigated to their website to get the „Contact“ link, to warn them, to remove myself from their list, just to find that I cannot submit the request, unless I give them the following additional information: name, email, phone, vehicle position, vehicle model, vehicle-kilometre stand, „Cover ID # (letter). and only then can I choose the option to request that tp be removed from your list! Pure phishing scam, as they demand that I give them all the information they lack, but not my mailing address to be removed from their mailing list..
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