Should you buy an extended warranty — sometimes called a “service contract?” The answer is “No” according to Real Simple Magazine. The median price of an extended warranty in 2013 was $1,214, according to Consumer Reports. The Consumer’s Friend commonly sees dealerships selling these contracts at over $2,000! Dealer cost is only a few hundred,…
A Ninth Circuit judge angry over the allegedly weak battery in his Nissan Leaf electric vehicle has ditched his robes to fight a class action settlement with a hotly disputed $38 million price tag, spurring a federal judge on Tuesday to create an unusual mediation structure for addressing his objections.
A Maryland federal judge on Wednesday denied Burger King Worldwide Inc.’s bid to evade a real estate company’s proposed class action accusing the fast food giant of sending unsolicited faxes in violation of the Telephone Consumer Protection Act.
Millions of vehicles are being recalled, after GM has admitted putting profit over the safety of their known defective ignition switches. Covered vehicles include Chevy Malibu, Malibu Maxx, Cobalts, and Saturn Auras. Also included are some HHRs and Pontiac G6 sedans. If you have any Lemon Law or Injuries or Loss of Property due to…
1. The ONLY reason a dealer sells an aftermarket service contract on top of a “Certified Pre-Owned” (CPO) warranty that comes with the certified vehicle is to make profit. The coverage is usually duplicative and mostly worthless; 2. When you see a service contract/extended warranty on top of a solid CPO Warranty, there is a…
Car buyer victims of ‘yo-yo’ financing Typical Scenario: Consumer buys car and takes possession of it on a Sunday. During the application process, he provided the dealer with his financial details, including recent pay stubs, while the dealer filled out his application for financing. The consumer signs a sales contract and drives away in the…
The National Highway Traffic Safety Administration is the nation’s authority on vehicle-related safety. NHTSA ‘s new SaferCar app provides important information to help consumers make informed safety decisions involving your vehicle. Features include: · 5-Star Safety Ratings: Buy safe by looking up a vehicle’s crash test ratings and comparing ratings for different vehicles. · Recalls…
The U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) today announced its plans to require automakers and motorcycle manufacturers to provide consumers with a free online tool that will enable them to search recall information by Vehicle Identification Number (VIN) starting next year. Many manufacturers already do this, but some don’t — like…
At car dealers across the United States, loans to subprime borrowers are surging – up 18 percent in 2012 from a year earlier, to 6.6 million borrowers, according to credit-reporting agency Equifax Inc. And as a Reuters review of court records shows, subprime auto lenders are showing up in a lot of personal bankruptcy filings,…
A Florida consumer hit “Straight Talk” prepaid phone co-founders Wal-Mart Stores Inc. and TracFone Wireless Inc. with a putative class action Monday claiming the service promises unlimited data service that is actually subject to several undisclosed restrictions
