I paid for a zero deductable 7 year, 100,000 mile extended warranty coverage, on a BMW 530 in 2005.I have a transmission leak that requires special refill of a select ATF fluid, plus filter, pan and gasket.
Warranty direct only approved the labor, gasket and $30 of the fluid. The fluid costs $320. Warranty Direct states that they only fund for after market parts. So.....
if they feel they are the experts, a cheaper fluid will be put in and looks like a new transmission will have to be installed after some 10,000 miles.
I paid $2,515 for the warranty. I have to pay, out of my pocket, to get unit properly repaired of approx $562.00, WD is paying only $365. This is a zero deductable policy?
WASTED MONEY.....!!!I am glad my family/friends held off a few months from buying Warranty Direct's product, because its a thumbs down product.
Monetary Loss: $562.