Scam alert: tricks are not just for kids
Some of our friends, clients and colleagues, have reported getting numerous, daily, almost relentless, calls “warning” about their “car’s warranty is about to expire”. We have found these calls to be a third part referral service that is getting as much information about you, and your car as possible. They are saying, (on their recording), that they have recently “sent you a postcard”, (not ), and want you to speak to their “auto warranty specialist”. Well, I tried to speak to their “auto warranty specialist”, and cannot even get them to tell me what state they operate out of! They just want all your vehicle information. Of course , they make it sound really personal and very urgent, but it appears to be just more information gathering that is then sent on to a warranty company, or a manufacturer and then they can start even more intense, targeted marketing at you. Great….we all have time for that.
Keep in mind when purchasing any extended warranty, that the companies, (just like insurance and the casinos), bank on the fact that you will probably not have a claim, (or a win). Even with the luxury car brands that are selling the warranties, most drivers will never hit the mileage limit, but they will run out of time and that’s about the time you become frustrated and they reap the benefit.
We may have said it before, but be cautious when purchasing one of these plans. You have to take the time to read the fine print, and be aware of your driving habits such as your mileage, to help determine if it’s right for you. If, your warranty is actually about to expire, get your BMW checked out and help decide what is right for you. But, try not to be alarmed when you get that call that begins with “Warning! your warranty is about to expire!”