A.K.A. Direct Buy Associates, Direct Buy Auto Warranty, Direct Buy Warranty, DirectBuy Warranty, AHMT Corp. They also do business through the websites directbuyautowaranty.com, directbuywarranty.com and directbuyautowarranty.net.
Direct Buy was issued a cease and desist order by the Insurance Commissioner to stop selling warranties in the State of Washington.
According to the Washington State Insurance Commissioner, Mike Kreidler, Direct Buy operates out of a mail drop in New Jersey and an unregistered service contract provider. Also, customers using credit cards were charged international transaction fees because the company uses a European bank out of Cypress.
The coverage policies they sell are not insured even though their sales staff repeatedly claimed they are backed by Travelers. Their coverage is not insured by Travelers or by any other company.
Direct Buy has an F Better Business Bureau rating and the BBB issued a review warning. The Better Business Bureau considers their marketing a misrepresentation.
They claim to have won awards by Consumer Auto Warranty Agency, who as it happens, is right down the road from Direct Buy's mail drop. Consumer Auto Warranty Agency is completely unknown in the industry and they registered their website on May 4th 2012 by a Mr. Mo Ajj. This was just one month prior to Direct Buy issuing press releases stating they won awards from Mr. Ajj.
Selling coverage while not authorized to do so by the department of insurance, Better Business Bureau warnings, uninsured contracts, mail drops for an office, off-shore billing, deceptive marketing and ordered to cease and desist. You can draw your own conclusions about the quality of this company and the safety of your investment.