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Honda Extended Warranties Pricing and Info

3115 messages,  Last post on Dec 06, 2009 at 10:39 AM

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What is this discussion about? Honda Odyssey, Honda Accord, Honda Civic, Honda Element, Honda Pilot, Honda S2000, Car Warranties

#1242 of 3115 Re: Local CHI dealer to match online quotes [tmcgilvray] by dwynne Oct 26, 2006 (5:49 am)
Replying to: tmcgilvray (Oct 26, 2006 5:36 am) I 2nd that. I have not found anyone cheaper than Bernardi on a new HC warranty. The F&I guy where my daughter purchased her Civic last month just looked at the Bernardi prices and shook his head - never tried to match or beat the price (which I was told was $1 over cost).   Dennis
#1243 of 3115 warranties by shallwechat Oct 26, 2006 (7:19 am)
bernardi quoted me $1400 and saccuci (?) was $1285. that is a big different. i have pilot with 7800 miles. Replies to this message: dwynne (Oct 26, 2006 12:10 pm) tmcgilvray (Oct 30, 2006 11:24 am) shallwechat (Oct 31, 2006 11:13 am)
#1244 of 3115 my 2 cents by aspesisteve Oct 26, 2006 (7:51 am)
For a Honda (I've purchased 5 new) my preference is to just say 'no' to any extended warranty offers. From what I see here people are paying $300-$500 per year, 3 years in advance, for years 4-8 of ownership. Maybe it's because I drive my car with tender loving care and maintain it regularly? maybe it's because I don't usually own past 5 years? Maybe it's the sleezy fear based sales tactics they use?   - I've been told just after buying a new car, that I'd be the 1% that declines to purchase this option, or how expensive it is to replace a tranny......they do this while your check book is still in hand after placing your down payment.   If you do buy one - better do your homework. Prices and the fine print seem to vary quite a bit.   BTW: if you wonder what the value of having 24/7 road side assistance is; AAA charges it's members $40 per year for this service - nice to have, but doesn't cost much. Replies to this message: fx35awd (Oct 26, 2006 8:08 am) dwynne (Oct 26, 2006 11:58 am)
#1245 of 3115 Re: my 2 cents [aspesisteve] by fx35awd Oct 26, 2006 (8:08 am)
Replying to: aspesisteve (Oct 26, 2006 7:51 am) Thank you for posting because I am still in the process of determining whether I should purchase the extended waranty or not.
#1246 of 3115 Re: my 2 cents [aspesisteve] by dwynne Oct 26, 2006 (11:58 am)
Replying to: aspesisteve (Oct 26, 2006 7:51 am) Depending on the model, the cost is a lot less per year than you quote (when purchased at a discount HC dealer). For a new Civic, for example, it is $876 for the most coverage you can get (8yrs, 120k miles, $0 deductible), $926 for the same coverage on an I4 Accord.   The plan is refunded pro-rated should you decide to cancel it - so if you trade or your cost is "totaled" or stolen you get back a refund based on the miles or months used (whichever is greater). The plan can be transferred to the new owner for a $50 fee should you sell or give away your car.   So the worth partly depends on luck and partly on how long you keep your cars and what you do with them when you are done.   If you sell your used cars yourself to maximize ROI then you should be buying the longest HC plan for them. It would make a SUPER marketing tool when you sell your (normally) out of warranty car against all the others of the same age - when yours has a $0 deductible HC plan on it that the other cars can NO LONGER BUY. It is like selling your own CPO car - so you should be able to command more money for your car at retail.   If you trade cars and let the dealer give you some low number for it, then while you do get some money back from HC it may not be worth it to you. Still, if you paid $876 for a Civic warranty and used it 5/8 of the miles or years then you get back 3/8 of what you paid (less a $25 ? termination fee) so your cost for the coverage you used would be $547.50 (less the fee). Maybe more likely to have had a claim or claims more than that amount than the full price?   Of course, some folks forget to file a claim for refund or do not realize you can. Those people really tossed their money away. BTW, the HC plan has to be in the current owners name. So if you buy a used car with a non-cancelled plan on it and do not pay the $50 transfer fee it does you no good. HC reps have told me in the past they have seen cars in the computer with 2 or more HC plans on them at the same time   The F&I office is likely the worst time and place to buy a warranty, which is why we have the forum here and give links to places where you can buy at a discount. When compared to the normally 2x or 3x markup the dealers try to charge the discount plans with the same coverage sure seem more reasonable.   Dennis
#1247 of 3115 Re: warranties [shallwechat] by dwynne Oct 26, 2006 (12:10 pm)
Replying to: shallwechat (Oct 26, 2006 7:19 am) The best time to buy is with less than 6k on the car. The current Bernardi prices for a Pilot with under 6k:   7 years/80,000 miles warranty: ($100 deductible = $646.00) OR ($0 deductible = $746.00) 7 years/100,000 miles warranty: ($100 deductible = $951.00) OR ($0 deductible = $1,051.00) 7 years/120,000 miles warranty: ($100 deductible = $1,051.00) OR ($0 deductible = $1,151.00) 8 years/100,000 miles warranty: ($100 deductible = $1,031.00) OR ($0 deductible = $1,131.00) 8 years/120,000 miles warranty: ($100 deductible = $1,131.00) OR ($0 deductible = $1,231.00)   After you get more than 6k you have to get a quote over the phone and I have no idea how those vary. The under 6k prices are supposed to be $1 over cost and I have not seen a better price on them - yet.   Note that I have never been asked to certify the mileage on any car before purchasing a warranty. So unless you have had service on your Pilot (or purchased it used) with more than 6k then they don't know how many miles are on it until you tell them.   Dennis
#1248 of 3115 Re: warranties [shallwechat] by tmcgilvray Oct 30, 2006 (11:24 am)
Replying to: shallwechat (Oct 26, 2006 7:19 am) I calle d Bernardi Honda 06 or 07 Pilot with 7800 miles and the price was $1231 ? Not $1400 ! link title Replies to this message: shallwechat (Oct 31, 2006 11:13 am)
#1249 of 3115 Re: warranties [tmcgilvray] by shallwechat Oct 31, 2006 (11:13 am)
Replying to: tmcgilvray (Oct 30, 2006 11:24 am) well, it must be like buying a car...you get 10 different answers from 10 different people on the same vehicle. bernrdi did quote me the $1400...so i guess you would get the better deal and i will shop elsewhere.
#1250 of 3115 What is actually cover under these Extended Warranty by fx35awd Oct 31, 2006 (11:48 am)
I have received quotes from Honda Care, but I am still unclear as to what is it that they cover. I looked on the website, but I did not find any information regarding the coverage. Any help would be appreciated. Thank you. Replies to this message: gardinerr (Oct 31, 2006 11:53 am) dwynne (Oct 31, 2006 1:09 pm) fx35awd (Oct 31, 2006 4:57 pm)
#1251 of 3115 Re: What is actually cover under these Extended Warranty [fx35awd] by gardinerr Oct 31, 2006 (11:53 am)
Replying to: fx35awd (Oct 31, 2006 11:48 am) Saccucci(MyHondaWarranty.com) has a coupon for $55 off any warranty.   It is coupon code "edmunds55".

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