We received snail mail notice from CARCHEX who is being represented by Trans Union, Marketing in Woodlyn, PA. CARCHEX advertises themselves as a leading independent firm offering vehicle service contracts. They are not owned or in any way aligned with an auto dealer.
We were informed that we had been pre-qualified for extended vehicle coverage that will cover repairs on our car once factory warranty has expired. William Moore, vehicle protection specialist for CARCHEX, urges us to respond by September 29th, 2015 so they can “shop a variety of vehicle service contract programs to find the best value for your needs.” They attempt to scare one into the purchase by reminding that repair costs continue to rise and without protection car owners will have to pay out of pocket.
I advise all readers to NOT avail of this phony sounding service which does NOT require a vehicle inspection. This should raise a red flag all by itself. Any sucker who purchases such an extended warranty offer runs the risk of faithfully making monthly payments only to be disappointed by fine print that will invalidate a repair claim.
CARCHEX also claims that they maintain an A+ rating from the Better Business Bureau. This comes as a surprise considering the experience of F. Tudor who regretted purchasing a service contract from the Jason Goldsmith (Gold digger) led company.
Albuquerque financial beware columnist Nick Pappas, writes insightfully with the well being of all consumers in mind as he reports the exploitative tactics of hoax companies who prey on over trusting folks.