When I (briefly) worked in the auto industry, I learned that selling warranties was a great thing, since they cost a nice chunk of change & rarely ever have to pay out anything. Aftermarket warranties (like this,) seem to be much, MUCH worse. I have yet to come across any aftermarket warranty that would be worth the price. In regards to Dave's comment, other such spinoffs include GMAC/Ally and AIG/21st Century.