Well that is interesting, because as I've said on here before, I stopped using "underseal" years ago. During the 60's and 70's when cars were real rot boxes, loads of firms started up to do underseal and that was usually black sticky stuff that didn't seem much different from tar. When new it was really soft but it progressively dried out and after a length of time it was often possible to pull it off in great patches and pretty often there was rust occurring underneath. So the questions seemed to be; (i) just how effective is this stuff at preventing corrosion (ii) how good is at at forming an adhesive bond with the paint layer and (iii) can it actually make things worse, if only by hiding rust?
Waxoil came along later and seemed to be better (?), but at the same time, paint technology improved enormously, so body rot on cars now takes far longer to get started than before. So if the stuff these guys are using looks like hard paint, then maybe it is hard paint, but one that's formulated to be a thick tough barrier and resistant to impact, which I'd guess are the key properties of an "underseal". But I think I'm right in saying that you can still go down the high street or go on-line and buy tins of black tarry stuff (just like 40 years ago), labelled "underseal" and is just fine..... for a car you're going to sell next week.
B