Extended Auto Repair Insurance

is a Power Shield Extended Warrenty worth the money?
someone told me about extended auto warranties through power shield, and I’m wondering if it’s worth the money.
it almost looks to good to be true, they cover “everything” for 600 bucks per year!
thats just over what i pay for car insurance!
http://www.carwarranty.com/whats_covered.asp
would i be better off just putting the 500 a year into a fund to buy a new car/cover repairs?
sure i’ve had one thing i had to fix that would be covered, and every other “problem’ would not be covered ( exhaust system, fuel system)
i’d love to hear from people who have/had the service and have made a claim.
thanks.
I would not recommend it, due to it is not from the Auto Manufacture. Now depending on what the mileage is and the year of your vehicle you might still be able to go and get an extended warranty from the dealer. But if the car is older then lets say five to seven years, you could do better by saving your money and using your car and your money as a down payment on something that would have a warranty on it.
Auto Warranties – AA Auto Protection
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