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"Free" "Lifetime Powertrain Warranty" offered by Diamond Honda in LA, CA

About to purchase a 2012 EX-L in California.

Diamond Honda offers a lifetime powertrain warranty on all new and some used vehicles.

According to the sales on the phone, there is no requirement that the services be done in the dealer and warranty claims have 0 deductable.

Their car prices are on par with other dealers in the area.

The warranty is backed by DAC "Dealer Assurance Company", I can't even find a comparable lifetime powertrain warranty offered by a third party to see how much the policy is worth.

What is the catch ? Any experience w/ them?

Diamond Honda of Puente Hills | New Honda dealership in City of Industry, CA 91748
 

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Sounds like one of those "sounds too good to be true" deals. I would do some research on the DAC, and see if there is a catch, but also do some research about getting a genuine Honda Care warranty for extending the original warranty as you have that option when buying a new car.
 
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