Have you received an official-looking mailer pushing an extended third-party car warranty? Clark received this junk mail twice in the span of three days over the past week. The mailer came with “request for immediate action,” “time sensitive material enclosed” “response requested in five days” and “to be opened by addressee only” prominently stamped on the front.
Upon opening the mailer, the consumer champ saw the following message: “This notice is to inform you that your factory warranty has expired, or is about to expire, depending on your current mileage. Immediate action is required to safeguard yourself from severe repair costs associated with electrical and mechanical failure. This program is not available to the general public.”
There was also a message encouraging him to have his mileage and VIN easily accessible when he called to respond.
Here’s the kicker: This company has no idea what kind of car Clark owns or if he even owns a vehicle at all! This is just a blind solicitation to go into a garbage third-party extended auto warranty.
Third-party auto warranties are almost always poison for your wallet. If you want peace of mind, here’s Clark’s threefold plan:
- First, buy vehicles on Consumer Reports‘ annual recommended list.
- Second, have a used car inspected by a diagnostic mechanic before purchase.
- Third, if you want to buy a warranty, do so only from the auto manufacturer itself.