Once again there is constant proof why auto dealers should research the service contract companies that they represent. Everyone who reads this email should make sure that the company whose service contracts you sell is “FULLY INSURED”.

If you are not sure call our office. If you are looking for a reputable service contract company go to our website and contact one of the “PREFERRED PARTNERS” that we have checked out for you. (www.ohiada.org) The companies who are represented on our website are not just fully insured but they support the OIADA every year so that we can continue to provide programs and events for you, our members.

States sue auto service contract marketers National Auto Warranty Service and Auto One Warranty
By Sheryl Harris, The Plain Dealer
April 29, 2010, 5:44 PM

Ohio Attorney General Richard Cordray today sued three marketers of extended auto service contracts who wracked up complaints from Ohio consumers.  Cordray filed suits in Franklin County against Missouri-based U.S. Fidelis (USF), formerly National Auto Warranty Services and Dealer Services; and California-based Credexx Corporation, dba Auto OneWarranty Specialists (Auto One). Auto One reportedly closed its doors last month. Read the rest of this entry →

From my Auttr messages this morning: Keith, a quick question for the Car Counselor: Can the copy of the FTC Sticker be used as the warranty document I give to the customer or do I need something else? Isn’t there another law that applies?

No, you cannot use the FTC Sicker for that purpose. The Magnuson-Moss Warranty Act covers written warranties and requires manufacturers and sellers of consumer products to provide consumers with detailed information about the warranty coverage for those products. The Act requires the written warranty to disclose: specific information, clearly and conspicuously, in a single document, using simple and readily understood language