Should I buy this these warranties on my new car?
The cost is $999 plus tax, and covers the entire life of the vehicle. If there is any corrosion at all, they will repair it free of charge, with the exception that the rust is caused by damage to the vehicle because of an accident, etc. The warranty also covers lifetime paint protection. Every 2 years they will reapply a coating to protect the paint, and if there is any fading, discolouring, oxidizing due to the sun, road salts, etc. they will repair it and then retreated with the coating. Same thing with the upholstery.
I know the general consensus with warranties such as this is a scam, but I've read the protection certificate and there pretty much is no fine print to limit the coverage; and the fact that it is a lifetime guarantee. I figure that if I were to replace any rust it would still cost me some money in the long run. I'm also thinking of purchasing the paint warranty as well since I bought a white car and white paint is most susceptible to fading, sun damage etc.
The product that they use is called "Platinum Shield Diamond-Kote".
Thanks in advance.