I am about to buy a Honda Odyssey from an independent dealer. He is offering me an AUL extended warranty for 3 years 50k… I have found some complaints about this company (AUL) but is that just the vocal minority? Any mechanics or people have experience with them good or bad? Thanks.

Well any car can have major expensive repairs. The profit to the salesman and company is usually over 50%. So for every $1,000 you spend the insurance company has less than $500 to pay for repairs or they will loose money, something insurance companies do not do. Some people will get nothing back a…

What year Odyssey? Some of them had transmission issues that you should avoid. That said, avoid this warranty BS too. Pretty much guaranteed it won’t pay if you need it to. They’ll either claim that you didn’t do something you needed to do (that was in 4 point print on page 37 of the warranty contr…

Agree; your chance of collecting on one of these is slim. Put he money in the bank and look for another car at a different location.

These things are so 'iffy" a person would have to read the exact contract offered in order to give an answer (other than don’t do it, that answer can be given without reading the contract).

My problem - even if I read the exact contract, and it says something is covered, I doubt they’ll live up to it, so it’s worthless. C&D had a good article on it: http://www.caranddriver.com/features/09q4/extended_car_warranties_peace_of_mind_or_something_else_-feature

You should NEVER buy one…even one from the manufacturer…They are nothing more then a very very expensive insurance policy and should avoided like the plague.

My vote is with everyone else; avoid policies like this and that includes policies from electronic stores such as Best Buy, etc. It’s a waste of money, could possibly lead to much grief when your view of a covered repair does not match theirs, and you’re better off just setting up an interest bearin…

I recommend putting that money into a separate bank account designated for major car repairs. If you can, add a bit of money each month. Use it only for major, non-routine repairs. Chances are good that over your lifetime you’ll build up that fund. You assume the risk, not the insurance company.

In general aftermarket warranties are a exactly what you saw posted. I would stick to either no warranty or getting one backed by the car maker itself. The aftermarket ones have a nasty habit of making difficulty to collect, not paying or going out of business.

AUL Extended warranties

Maintenance/Repairs

texases January 3, 2011, 8:56pm 2

I would never buy one from anyone except the car manufacturer (even then they’re a money losing proposition on average). There are too many horror stories out there about failure to pay that make 3rd party warraties (like the one you describe) worse than useless. Ignore what the dealer says, he wants to make BIG money by selling you the warranty.

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AUL Extended warranties

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