I just purchased the Red Clip and was equally unimpressed when I used it on my 03.
The first time I put my hand in the car and nothing happened. The second time I waved my hand the alarm did go off, but only after I waved my hand directly in front of the motion detector. On that occasion the alarm went off about a minute after I removed my hand.
I think I read somewhere that it basically prevents someone climbing over the door and sitting in the car.
At least it was under $5.
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