Recently, some of my customers have been asking me about the calls and letters they are receiving from an extended warranty company. The company claims that their vehicle may be out of factory warranty and that this is the final notice to step up to an extended warranty plan. Most of my customers assume that it is General Motors calling them. This is not true. GM will not call you about your vehicle’s warranty unless it is about a recall. This company does not know what you drive, they are just pulling names from a list. Contact your local dealer to let them know that you were solicited by one of these companies and to find out about your warranty situation. Most people know that this is bogus because their vehicle is either recently purchased, or they already have an extended plan or their vehicle is past the usual time frame for an extended warranty. For instance, the owner of the dealership I work at received one of these letters. It specified that his warranty was ending and that this was his final notice to extend it. The only problem is, he does not own an automobile personally. There have been issues, though, with vehicle owners who are close to the end of their warranty and to them, the call sounds legit.
I simple urge you to contact your dealer to find out more details about your warranty. I would purchase an extended warranty (if you are near the end of factory warranty) through them as apposed to over the phone with an unknown entity. Some claim that the dealer sold warranties cost more, but this is simply untrue. The plans are priced by the warranty company and the dealer is often just a reseller. The only plans that could beat the price of what is available to dealers is a plan that does not provide the same coverage. I will explain the differences in plan coverage in another post soon.
If you would like me to find out the warranty situation of your vehicle, you can call me (Jeremy Lloyd) at 800-361-2438 or at 613-332-2438 or email me at j.lloyd@bancroftmotors.ca
I can also get you quotes from different warranties companies, so you can compare.
Jeremy Lloyd
jaythecarguy