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API Extended Warranty Bankrupt

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Old 08-02-2007, 05:29 AM
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Default API Extended Warranty Bankrupt

Anyone else who purchased a API (Automotive Professionals Inc.)extended warranty receive a bankruptcy notice? I purchased this 6 year warranty from Legend Audi 5-1/2 years ago on my 2000 A6 Avant and have used it several times with some sucess. Company was supposed to be backed by Travelers Insurance Co.

What does one do now with 6 months left? Anyone know of a good extended warranty company? I STFA and everyone says good and bad about all of the companies.
Old 08-02-2007, 08:29 AM
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Default Me too - bought FOR me by dealer. Bus mgr claims that ....

They will be transfered to another company and will be honored. He will update me.

For now, wait and see.

Grant
Old 08-02-2007, 09:45 AM
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if you paid by credit card...you may get $$ back.
Old 08-02-2007, 11:00 AM
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Default I didn't pay. It was part of a negotiated warranty extension on a new car purchase.

No line item.

But extended period noted on sales contract.

Seems they have a problem.

I hope.

Grant
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