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I posted before about a little blue smoke coming out the exhaust on start up.Im taking it in for diagnostics to see if its valves or what.I have API extended warranty and was wondering if anyone has used them and if you guys think valves or piston rings would be covered.Its a 2000 coupe with 24,000 miles on it.
I have an API extended warranty and have only used it once to replace leaking real axle seals. The total bill was $591 and API paid every cent. I have 0 deductible. I was pleased. The local Chev dealer here says that API is good. So far I totally agree.
If it's blowing a bit of blue smoke just on cold start up, it sounds like valve guides or just valve seals. I would do the seals first and see if it cures it. Very easy to do.
I've got a close friend who works at a local Chevrolet dealership. When I bought my new '04 CE Coupe, he recommended the API over the GM. He told me they were comparable as long as the customer was going to a GM service department, but the API was much better in situations where you decided to go to elsewhere. I could have got either at cost, so there was no reason for him to push one over the other. He even brought the cost sheets over the night before I bought the car and went over everything with me.
A few things he told me to be certain of if I ever had a problem: (1) Try to diagnose the problem as soon as possible, if possible. Do not drive the car if it is an problem that driving the car would magnify the problem (e.g., bad oil pump + driving = siezed engine); (2) Contact API immediately and get a claim on file and pre-authorization for inspection and repair. Get their input as to whether the car should be driven or towed to the shop; (3) If it is a "questionable" breakdown, be certain to "take good care" of the service tech/manager as soon as you take the car in & try to be present if the adjuster comes to inspect the car; (4) Treat adjuster same as (3).
In your case, you should start this process immediately. You may want to stop in and talk to the individual who sold you the API warranty and the service manager to get their input on best way to handle claim. They may even be able to call API while you are there to assist you with the process. Good luck.