Do people actually fall for extended warranty scam?

“This is an illegal robocall and likely a scam,” the agency warns. “The companies behind this type of robocall are not with your car dealer or manufacturer, and the ‘extended warranty’ they’re trying to sell you is actually a service contract that often sells for hundreds or thousands of dollars.”

Why Are extended warranties a scam?

While it may sound like a good idea in theory, extended warranties often come with a high price tag and don’t necessarily cover everything that could go wrong. Plus, many people who buy extended warranties never use them. In that case, an extended warranty becomes a cost with no financial return.

What happens if you press 1 on scam call?

A prerecorded message tells you to press “1” or some other key to be taken off a call list. The message offers you goods or services for free or at a suspiciously deep discount. The message says you owe back taxes or unpaid bills and face legal or financial consequences if you don’t pay immediately.

Is alternator covered under extended warranty?

What parts are covered under an extended warranty? What’s covered under an extended car warranty depends on your specific warranty. In general, they can include the powertrain (engine, transmission, etc.), air conditioning, alternator, gaskets and seals, electrical components, safety restraints, and more.

How do I stop fake warranty calls?

If you think you’re getting car extended warranty calls that you didn’t consent to getting, or suspect the calls are a scam, you can file a complaint with the FCC. Those calls may violate telemarketing and robocall rules, and your complaint can help the FCC take action against the offenders.

Why am I getting calls about an extended car warranty?

There could be two reasons these people are calling. They could legitimately want to sell you an extended car warranty, or they could try to scam you and take your personal information. How can you tell if it’s a scam call?

Is your new car warranty about to expire?

Learn more. If you get a call or letter saying that your new car warranty is about to expire and it offers you an “extended warranty,” use caution. Car warranty scams, which attempt to trick consumers into buying vehicle service contracts, continue to plague consumers despite government efforts to crack down on the caper.

How do you know if you’re being scammed by warranty marketers?

Along with phone calls, some warranty marketers mail bogus warranty expiration notices disguised to look as though they’re from manufacturers, dealers or state motor vehicle departments, says Smith. They advise recipients to call for details about extending their coverage. Do you suspect you were targeted for a car warranty scam?

Are you getting robocalls from car extended warranty companies?

The robocall strikes again. If you’ve gotten that call before, you’re not alone. According to YouMail, Americans received more than 4.6 billion robocalls in February 2021 alone. That’s literally millions of robocalls each day, and they include car extended warranty calls.