This sounds more like a dealership sales technique rather than any type of real "warranty" on the purchase. I looked at the Mobil site and it states (excerpt only) "ExxonMobil will repair any equipment damage directly caused by a defect or malfunction of the lubricant..." To me, this sounds as if a failure were to occur, it would only be covered if it was directly related to a defect in the oil....and how often would such a defect be directly responsible for any failure, and how could that be proven? Also (another excerpt), "Allow an ExxonMobil representative to examine the equipment and maintenance records, if available, and provide proof of purchase to determine the extent of the damage and to confirm that the lubricant was the cause". To me, this carries as much weight as an air supplier stating if you use their air in your tires and you experience a tire failure, they will cover the cost...as long as the cause of the failure was a defect in the air. Lol.
As always, I might be wrong....and smart money is betting against me.
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