NEWS FROM FREEDOM WARRANTY
In today’s times, more individuals are keeping their vehicles for extended periods of time, even after the factory warranty has expired. A vehicle protection plan is a supplemental plan to the manufacturer’s warranty that protects consumers from costly repair bills. There are many companies that prey on unsuspecting consumers by selling fraudulent extended vehicle protection services. Here are ways to protect yourself from vehicle protection fraud.
Be Careful of Robo Calls
In recent years, more than $4 million was refunded to nearly 6,000 people from the Federal Trade Commission after they were tricked by robocalls peddling extended vehicle service contracts and portraying themselves as being affiliated with the vehicle’s manufacturer or the dealership of where the car was purchased. When individuals purchased the service over the phone, their refund submissions were ignored when their vehicles needed to be repaired. Robocallers may already have information about your vehicle or warranty which may lead you to assume they are credible.
Do Not Purchase Just because You Feel Pressured
There are many situations where consumers felt pressured into purchasing the extended vehicle service protection from vendors who called them. The consumers usually did not conduct any research and a large part of it was because of high-pressure sales tactics by the telemarketers. You should be skeptical of any telemarketer who tries to pressure you to make an instant decision.
Do Not Fall for Scare Tactics that You Receive in the Mail
Mailed documents that look genuine may be hard to distinguish. Often, marketers will portray their advertisements as frantic manufacturers or warnings from the DMV. You may see titles such as expiring auto warranty or final notice. This is designed to facilitate action on your part to call the number for more information.
Request an Exclusionary Policy
Exclusionary policies provide a list of what is not covered if something breaks in or on your vehicle. With inclusionary policies, you only receive a list of items that the policy covers.
Don't Give Personal Information over the Phone
If the caller is asking for your credit card number, social security number, or any other personal information, they must send you more detailed information about what they are trying to sell you.
Utilize the BBB and FTC
If you receive a call from a telemarketer that is selling extended warranties, it’s best to conduct a brief search on the Better Business Bureau website to get insight into their reputation. If you were subjected to purchasing a fraudulent extended warranty, then you have the option to file a report with the Federal Trade Commission.
If you would like more information on vehicle warranties, give the experts at Freedom Warranty a call.
Your car or truck will experience a mechanical problem sooner or later. A dashboard light will blink out, an engine part component will wear down, or a door latch will fail to open. Something will go wrong in your vehicle that will result in a trip to a repair shop and a sizable repair bill.
Today’s cars, trucks and sport utility vehicles are more mechanically and technologically complex than their predecessors. Many late-model vehicles are equipped with push-button ignition, navigation systems, and smart technology that tells you if there is someone in your blind spot or slows your vehicle automatically if you get too close to the one ahead of you. No one who buys a vehicle today thinks ahead about the expense involved if one of these high-tech systems fail.
One option for car buyers is to purchase an extended protection plan that covers the cost of unexpected repairs to your pre-owned vehicle. Here are three reasons why an extended vehicle protection provider is essential for your investment.
Extended Warranty Benefits
Most pre-owned cars, trucks or sport utility vehicles are sold “as is”, meaning as the buyer, you're responsible for any repairs. The older the vehicle, the more likely you will have repairs after the original warranty has expired. Extended vehicle protection programs offer owners the peacefulness that repairs to their vehicle are covered beyond the original warranty period.
Return on Investment
You're likely to finance a late model pre-owned car, which means committing to four or five years of payments. An extended vehicle protection plan covers most mechanical problems for an additional number or months and miles. Your vehicle will operate longer and provide a greater return on your investment.
We mentioned earlier the high-tech systems now standard in many late-model cars and trucks. Keyless entry, remote starting, and other systems can cost hundreds or thousands of dollars to fix once the warranty expires. This is where extended vehicle protection plans are the most useful, as a money-saving repair option.
Next to your home, the choice of a car or truck is the most important financial investment you could make. A coverage plan from a reputable extended vehicle protection provider ensures that when things in your vehicle stop working, you can get the repairs done and get back on the road. Give the experts at Freedom Warranty a call.
The purchase of a car is one of the most important financial investments you will make. The body style, performance, gas mileage, comfort and safety are deciding factors in your choice of a car, truck or sport utility vehicle. You also want a vehicle that you expect will last you a long time.
A factory warranty will cover repairs for a limited length of time. The out-of-pocket costs to repair a mechanical or electrical issue can be substantial, especially when your vehicle’s warranty expires. One option that can save you money in the long run is an extended vehicle protection plan.
Warranties typically are from third-party providers that market their products to owners of vehicles well past their warranty date who are looking for some extra coverage. Choosing the best extended vehicle protection plan means doing some research to determine which best fits your needs. Here are a couple of reasons why extended vehicle protection plans are worth the money.
Closing the Repair Gap
Many dealerships offer extended vehicle protection plans as an option to be included in the purchase price of a pre-owned, late-model vehicle. Many buyers are unaware of how close the vehicle factory warranty is to its expiration date. The extended vehicle protection plan closes the gap in repair coverage created by an expired factory warranty.
Even with access to vehicle history reports, the more miles a car has, the more likely a part or electronic system will fail. An extended vehicle protection plan covers your vehicle for tens of thousands of additional miles and months of driving, which means less money in repair costs and peace of mind for the owner during the coverage period.
Is It Worth It?
You may ask yourself at the dealership if an extended vehicle protection plan is worth the money. Cars, trucks and sport utility vehicles are built better and last longer, and some new car warranties cover powertrain repairs for up to 100,000 miles. On the other hand, you can expect to pay more in repairs as your car ages.
Your choice of the best extended vehicle protection plan will depend on your situation. It helps to research your vehicle’s reliability record, and take into consideration your driving habits and annual mileage. You should also research the estimated maintenance cost for your vehicle over time. In the end, your choice of the best extended vehicle protection plan will come down to how it can save your money in future repair costs. Contact Freedom Warranty to learn more!
Freedom Warranty will now offer a COMPLETE Manufacturer’s Extension (CME) option to its top-of-the-line Vehicle Service Contract (VSC) product. Vehicles 10 years old or less with under 80K miles are eligible.
Freedom Warranty CEO Chris Miller has launched a company-wide initiative to boost customer satisfaction. The push will involved employees at every level exceed customer and client expectations and deliver quality service.
Freedom Warranty launched version 2.0 of its innovative cloud-based client application March 26. The FWIS Dashboard is the most extensive independent online dealer management tool in the Vehicle Service Contract industry.
Chris Miller has been promoted to Chief Executive Officer of Freedom Warranty. The company is the administrator and obligor of vehicle service contract products in North America.
Low-cost sensors and suspension options have been added to Freedom Warranty’s Complete VSC up to 125,000 miles.
Freedom Warranty has reclassified the Audi Q3 and Q5 models from “E” to “D” class. The Q7 model will remain in the “E” classification.
Customers can now update their profiles, get contract details, find support, and track claims with new online portal.