LCP

CPO was going to run out soon, and since later this year my allroad was going to be paid for, which would leave me with no car payment, and an '02 allroad with only 60k and '00 S4 with "only" 100k on it, I was looking forward to a couple years of no car payments and enjoying what we get to drive every day. Of course, with the massive bills my S4 has racked up over the years, I keep waiting for the rest of Emelda Marcus' shoes to drop on the allroad, so without a warranty keeping it would have been tenuous. And sure, a warranty is expensive for an allroad, but it's no more than the interest I would pay in one year on a market-rate loan for a new car comparable to an allroad. Makes keeping the allroad seem like a bargain instead of throwing even more money away on a rapidly-depreciating asset like a nice new car.

biggsie

...ext warranty after the CPO runs out? Details?

Bruce M

My pleasure, thanks for the kind words.

allroadbryan

2nd that. Bruce also hooked me up with a warranty. My CPO warranty expires in March

2002ar

Details on the warranty, such as cost, years, mileage & coverage, please.

Bruce M

Email your current mileage to me and I can get back to you with all the details.

dscottjr

ygm.

s.carder

and what recourse do I have? (I live in NY)

Bruce M

Here is the sordid story:

API went into default with their contracts on February 15th, 2007. They ceased answering the phones or emails and left thousands of helpless contract holders hanging without a clue. Even better, they had been telling people for months that their claims payments were being mailed out, but withheld those payments knowing they were going to go belly up. Thousands of people were expecting checks for repairs and GPR claims that never came. The IL Dept of Insurance sued to stop API from using the companies assets for anything other the payment of customer claims and refunds, but lost the case. Doyle ruled that API wasn't really selling insurance, so they couldn't be regulated by the state. Now instead of paying claims they can pay for expensive lunches, luxury car leases and bloated IT consultant bills. But the best part is that they are still selling extended automotive warranties! The same people who own/owned API (James Hawk and James Hawk Jr) also own Intercontinental Warranty Services in Florida. This unit sells the same warranties exclusively through credit unions across the United States.

So stay clear of Intercontinental too!

If you got stiffed, go here:

http://www.apibankruptcy.com/consumers.php3

Best of luck, sorry if you got caught up in it.

Bruce