Beware. You may think you're getting an extended Auto Warranty and end up with a product warranty instead that could cost you thousands. An Arlington woman discovered the hard way. She got an engine additive and got billed 2 grand for a "product warranty". In the event of a total mechanical breakdown the most she could possibly claim, if she was able to claim engine failure, would be the NADA cash value of her car which is far less than the cost of the warranty. She'd be better off taking the 2 grand and spending it on regular upkeep and maintenance. Check out the story.
The company promises to cover engine components that break down after you use their product. However, our woman didn't get the paperwork until after she paid some money on a down payment.
The problem is if the warranty is purchased for older cars and if there's any kind of wear that may have occured before the warranty, you're not covered. If they deny a claim you have to pay to have the engine torn apart to prove your case. Costly! Probably not worth it on an older car with high miles.
Also the return policy is questionable. The consumer says she was told to put all the product in the engine before the warranty is valid. To get a refund you have to return the Dura Lube product along with the "unused portion"...BUT IT'S ALL BEEN ADDED TO THE ENGINE! The rule also states: "The paid purchase price of Dura Lube is fully refundable within 30 days of the date of purchase less a $75 dollar fee." We confirmed with the authorized product warranty seller, FIS Trust-Winner's circle, the actual cost of the product is only 30 dollars! So is that 75 dollars subtracted from the $1995 dollar cost of the product warranty? Or from the cost of the product???
DOESN'T MAKE ANY SENSE. IF I DON'T UNDERSTAND SOMETHING I STEER CLEAR.
ROSS
check this websites:
http://www.wjla.com/blogs/onyourside/extended_auto_warranty_beware.html
http://www.1winnerscircle.com this is the phone number on the wed site : 1-800-444-9420, and its always busy.
Calls about auto coverage said to usually be scams http://www.topix.com/forum/city/pasadena-ca/T9UAKGIDU9KAPMSO0