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CarShield, a company that sells vehicle service contracts to automobile owners that it claims will cover the cost of certain repairs, has agreed to pay $10 million in a settlement with federal ...
She paid roughly $99 a month for CarShield — maybe adding up to nearly $3,000 — but then was rejected for coverage for a transmission. She had to pay $2,500 out of pocket.
The IRS considers that the average US automobile has a total cost of US$0.58/mile, around €0.32/km. [11] According to the American Automobile Association, the average driver of the average sedan spends totally approximately US$8,700 per year, or US$720 per month, to own and operate their vehicle.
CARCHEX was founded in 1999 as a provider of pre-purchase vehicle inspections.In 2003, the company was purchased by Jason Goldsmith, a Baltimore-based entrepreneur and founder of TheLoanPage.com.
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