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Consumers Face No Pressure When Buying Extended Auto Warranties Online

17 November 1999

Consumers Face No Pressure When Buying Extended Auto Warranties Online; 1SourceAutoWarranty.com Offers Direct-to-Consumer Value With E-Commerce

    ENGLEWOOD, Colo.--Nov. 17, 1999--Taking its extended auto warranty sales online, Colorado-based 1SourceAutoWarranty.com offers consumers an opportunity to research - and now purchase - their next extended warranty via the Internet.
    1SourceAutoWarranty.com began selling its extended auto warranties online in early November to provide consumers competitive pricing, convenience and a no-pressure environment in which to make informed decisions. The online, direct-to-consumer sales are an alternative to traditional extended auto warranty sales, which typically include a "middleman."
    "For the past year, we've given consumers free, online quotes for our extended auto warranties, but to purchase a warranty, customers called one of our representatives," said Josh Howell, president of 1SourceAutoWarranty.com. "By giving consumers the option to purchase online, we allow them to anonymously do their research, price our competitors and purchase the right warranty for their needs."
    In recent years, more and more U.S. consumers have begun using the Internet to research prices and purchase extended warranties as opposed to working directly with car dealerships. Between 1997 and 1998, online extended warranty sales tripled, generating sales of more than $10 million, according to industry data.
    "An extended warranty is a wise investment for anyone who plans to keep a vehicle beyond the term of its original manufacturer's warranty," said Howell "Our research shows that more people than ever are finding the Internet a useful way to buy competitively priced extended warranties."
    1SourceAutoWarranty.com's sophisticated Web site includes a vehicle identification number (VIN) decoder to help ensure customer accuracy when requesting a quote. Other convenient features include payment plans, maintenance tips and automotive links.
    Although 1SourceAutoWarranty.com has established repair partnerships with several companies, including AAMCO, Firestone and Pep Boys, customers with a 1SourceAutoWarranty have the freedom to take their vehicles to any licensed repair facility.
    The principals and founders of 1SourceAutoWarranty.com have more than 40 years of combined experience in the warranty industry and have sold and administered more than 1 million consumer warranties. They also founded and managed Home Buyers Warranty, the nation's largest home warranty company. Swiss Reinsurance America, which received a "superior" industry rating by A.M. Best, is the program's reinsurer.
    For more information, visit www.1sourceautowarranty.com or call 1-888-905-5700.

Note to Editors: 1SourceAutoWarranty.com extended auto warranties are not available to residents of Connecticut, Maine, New Hampshire, Vermont, Virginia or Wisconsin.