Lubrico warranties - recommended?

[Getafix]

Hi guys,

I just purchased a 2010 Mazda 3 GX hatchback with 150k mileage from a used car dealership. They're offering a Lubrico warranty that covers pretty much all mechanical/electrical parts etc. Does anyone have any experience with Lubrico and if they give a hard time with claims? I'm trying to search on google but surprisingly there isn't much recent feedback. Wanted to know whether i should go for it or not, being offer $500 for one year, $700 for 2 years coverage and i have to decide by monday. Thanks for the help.

[Jackal]

I would decline it and put that $700 into future repairs or a decent set of tires.
I also think 150k is quite high for a 2010. Hope you got a great deal. Sorry don't know about Lubrico.

[Getafix]

Yeah it was quite a good deal i got it for $7900 + tax, the car looks brand new despite the relatively high mileage. Just one drawback, it's making that slight gurgling noise between 1500-2000 rpm which seems to be a quite common problem. Didn't spot it on the test drive unfortunately. Seems to be the belt tensioner, which is quite a cheap part. Will see if they're willing to replace it.

[stock3]

Forget the warranty, it's useless and quite pricey. I'm speaking from general experience, but unless you can provide the actual contract, I have no reason to believe this one is any different from the others. Read it carefully and I'm positive there are some stringent requirement for this warranty, or a deductible for every visit or a list of things not covered or a combination of all these things. The fact that you said it covers "pretty much everything" is a red flag to me. It means you have not read the contract carfully.