SERVICE CONTRACT FRAUD: CAR DEALER CAUGHT STEALING! WARRANTIES: The Homework Guy REACTION

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CAR DEALERS, KEVIN HUNTER'S REACTION TO THE CROOKS OF THE CAR BUSINESS, THE PROFESSORS OF SCUMBAGGERY. Don't let them steal your money for Service Plans and Extended Warranties!
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The Homework Guy Team publishes videos to help Car Buyers. We don’t hate Car Dealerships. Instead, we represent Car Buyers, a goal that’s often in direct conflict with Car Dealer goals.
A CAR DEALER WANTS TO:
1. SELL every car for the Highest Possible Price.
2. CONVINCE Car Buyers to use Dealer affiliated Lenders / Banks.
3. LOAD every Car Deal full of Fees and Finance Products.
4. OFFER Lowball numbers on every Trade Vehicle.

THE HOMEWORK GUY TEAM (THG) HELPS CAR BUYERS TO:
1. BUY a Car from Dealers or Private Party Sellers at the Lowest Price.
2. PAY Cash or Finance with their own Bank or Credit Union.
3. DECLINE Dealer Fees and Finance Products.
4. TRADE / SELL their current vehicle for the Best Value.

THG didn’t give Car Dealers their Bad Reputation. For more than 40 years, dealerships have EARNED it by being the masters of predatory selling. They stalk victims relentlessly, often ruthlessly treating the most vulnerable car buyers (like seniors, for example) with little or no conscience. Car Dealers and their Finance Officers have no problem creating financial devastation for their customers with over bloated car loans, and often do. While the business has had record setting profits, Dealers never stop telling Car Buyers “We’re losing money!” That’s the bed Car Dealers custom built for themselves. We point out the traps and the flaws of the process, and help car buyers get by all the nonsense without being ripped off. We promote fairness, honesty, and transparency, and we’d love to see a few dealers join our mission!

The Homework Guy Team provides car buying consumers with information, automotive news and updates, industry outlook, buying and selling advice, and other help to level the tables. The public face of THG is Kevin Hunter and the master negotiator, Elizabeth. Tons of time and research goes into every show, planning for weeks, several projects always on the table, all with the goal of getting it exactly right. From Automotive News Updates to vehicle shopping advice and assistance, The Homework Guy Team is the best there is.

THG CATEGORIES: cars, truck, van, suv, auto, new cars, used cars, autos, mechanics, automobile, vehicle, dealer, automotive news, auto shop, service plans, extended warranty.
LEADING CAR BRANDS (MANUFACTURERS) WE COVER IN THE US: Ford, Toyota, Chevrolet, Honda, Nissan, Jeep, Ram, Dodge, Hyundai, Subaru, Kia, GMC, Mercedes-Benz, Volkswagen, Tesla, BMW.
#dealership​ #carsforsale​ #PersonalFinance #Investment #Dealerships

How can The Homework Guy Videos help Car Buyers?
1. What you need to know before buying a car.
2. Information you need when buying a car at a dealership.
3. Benefits of Buying a Car from a Dealership or Private Party.
4. How to Buy and Sell Cars
5. Learn the process of buying a car from start to finish
6. Questions to ask at a Dealership
7. Car buying tips and tricks from the experts
8. How to Buy a Car with Cash
9. How to Pay for a Car with Cash.
10. Using Carmax, Edmunds, TrueCar, Autolist, or Kelley Blue Book.
11. Buying a Car out of state.
12. Taking Control of the Car Buying Process.
13. What to do if Scammed.
14. Illegal things Car Dealers can do.
15. Understanding Dealer Financing Tricks
16. How to Avoid Dealer Scams.
17. Reactions to Sales Training by Car Trainers.

Will The Homework Guy Team become the #MrBeast​ of the Auto Industry? Time will tell! We’ve seen amazing growth, and over 327,000 Subscribers and counting. Meanwhile, if you prefer to fix your current car, check out channels like Chris Fix or Scotty Kilmer! If you wonder where we get such brilliant financial ideas, watch the Dave Ramsey Show! But, if you just need to get lucky and be handed a wad of cash, well... see Mr Beast!
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When they try to sell me the extended warranty I ask, "Do you think this car will cost me more to repair than the warranty costs?" When they inevitably say yes, then I say, "Well, I'm looking for a more reliable car, so I better not get this one." ...the shocked looks on their face is always priceless.

BlacqueJacqueShellacque_
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AGREED! They should be held accountable, and be prosecuted and jailed!

daveogarf
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My extended warranty contract is my own. Budget some extra money payment each month to a bank account.

TheWaterman
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it would be nice to be able to buy directly from manufacturers and not have to deal with stealerships

khaledShar
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I do purchase extended coverage "but" only From The Manufacturer.
Like Yamaha and Ford.

rennrodriguez
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This just happened to me. I bought a Nissan Leaf from Boardwork Cars in Redwood City, CA 18 months ago. I decided I wanted to cancel the contract but to my surprise the car dealership is now out of business and the supposed holder of the service contract, a company called Security Plus VSC has never heard of me. Basically, they put 2500 bucks of mine in their pocket and walked away. There's probably no recourse for me since the business is gone.

ellencatalina
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That happened to me on my last car I purchased from Jeff haas. It was for the interior and paint/chip protection. I kept asking for a copy of my paperwork and they never sent it. I have bought my last 5 cars from them.

myveganlife
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The Homework Guy Team, shining the light on scumbags!

jsupra
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Really good video guys, just wanted to add something to folks wanting to buy an extended warranty for a NEW car:
1 - Don't feel pressured to buy it at the time you're busy signing papers at the dealer. Many brands allow you to buy an extended warranty until the original warranty expires.
2 - You can buy the extended warranty from any dealer in the US, not necessarily the dealer you bought your car from. Google for (brand) extended warranty deals, but be sure to purchase one from the manufacturer and like it was said in the video: Negotiate!

#TheHomeworkGuy​

PapaiUrsolino
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Thank you sir. The information in this video is accurate, crucial, and true. American people must care about what they purchase, and we must follow the thorough legal course to regain loss, and to set an example for elementary car buyers.

mikerichards
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From what I have seen these “Extended Warranties” never cover anything. Whatever you claim it isn’t covered or it’s due to something you did. Big rip!

navret
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Another example of homework assignments for AFTER the sale!

RockinRobbins
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I suffered the same situation. By the time I discovered the theft almost three years past. Long story short. I got my money back plus $500. It took four trips but I got my money.

markf
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Great video. A few years ago, we discovered my 90 year old Father-in-Law had purchased a warranty contract, which never got sent to Nissan. After months of calls, the Arlington, TX dealer “discovered a clerical error” and re-submitted the contract.

rannyreynolds
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bought a package on a deal a few years ago - it included key fob insurance. The was used, and we were provided with only one key fob. The dealership wanted us to use the fob insurance to get another one. Slight problem: the insurance was limited to 2 fobs over the life of the policy, and the car had to be delivered with 2 fobs, so it was void to begin with. When I pressed the dealership about it, they went rummaging and found the other fob and the remote starter remote that should have come to us right away.

Didn't take any package for my most recent purchase (different dealership).

rascallhunter
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Glad you mentioned making a separate account and putting away your own money for repairs. I’ve always felt this way when it comes to warranties (and car insurance). Fall on hard times and miss one payment all that money you been paying diligently gone.

Epyon
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I think we can all make an educated guess as to what "Organization" owns this dealership.

VIDEOHEREBOB
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If the repair cost more then the refund that the dealer gave them back, they person is screwed as no one will cover the repair other than car owner

williamhaynes
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Best update! Thank you advising consumers to create raining day fund to save your own money for repairs beyond factory warranties.

williamburja
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Every car I have bought from the dealership I always get the extended warranty for no cost and I make sure it is from the manufacturer. I’m a ass hole when it comes to buying a car. If they don’t give me the warranty I go to another dealer.

garyfoote