Extended Warranty Scam: How It Works
Car drivers, be forewarned of the Auto Warranty Services Scam aka the Extended Warranty Letter or the Motor Vehicle Service Notification. It is very professional looking. Many victims have already been fooled by the “official” extended warranty offer they are receiving via snail mail.
The letter is sealed in such a way that you must tear the edges off to access its contents, a sealing method is usually seen in “official” communications, making it seem all the more legitimate.
In the letter, you are urged to take advantage of an offer to extend your warranty coverage for your vehicle up to 100,000 miles. The letter also states that your initial warranty is about to expire. The letter provides a toll-free number to call (1-800-639-9440) in order to take advantage of the generous coverage being provided.
Did you receive anything like this? Click the link below to see the whole document on Kirill Zubovsky’s blog:
Once you call the number, the very professional and courteous salesperson gives you multiple options of extended warranty insurance which you can purchase for a mere deposit of only a few hundred dollars.
Of course, once you have paid this deposit you are out those few hundred dollars – and no coverage information exists in your name.
Extended Warranty Letter Scam: How to Avoid
These types of scams are often very convincing because they are so professionally done. However, there are a few red flags that give away the true scam nature of these types of communication.
In a true extended warranty offer, the company will list the dealership at which you purchased your automobile. The Motor Vehicle Service Notification scam letter contains no such information. Secondly, while the communication may appear to be from a company such as Toyota, there is no actual evidence to confirm that this is an official offer from the manufacturer.
Of course, it always helps to fall back on the old tenet: if it seems too good to be true, it most likely is.
While we are talking about cars and scams, beware of a couple of other fraudulent activities that happen these days: the Extended Warranty Call, the Ignition Interlock Device Fraud, the Bounced Check Scam, and fake Car Shipping Companies.
How to Report the Motor Vehicle Notification Scam
Make your family and friends aware of the Extended Warranty Letter scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:
How to protect yourself more:
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