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Honda Extended Warranties Pricing and Info

3111 messages,  Last post on Dec 02, 2009 at 12:58 AM

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

#1252 of 3111 Re: What is actually cover under these Extended Warranty [fx35awd] by dwynne Oct 31, 2006 (1:09 pm)
Replying to: fx35awd (Oct 31, 2006 11:48 am) I googled up HondaCare what is covered and found lots of links, like these:   This one   this one too   The Honda web page   this one too too   this PDF file   well, you get the idea.   The actual details that will apply to YOU will be in the contract YOU get (though they should be the same as the samples). Since you can cancel within 60 days for a 100% refund then you have lots of time to read it over and cancel if the contract you get does not suit you.   Dennis Replies to this message: fx35awd (Oct 31, 2006 4:57 pm)
#1253 of 3111 Re: What is actually cover under these Extended Warranty [dwynne] by fx35awd Oct 31, 2006 (4:57 pm)
Replying to: dwynne (Oct 31, 2006 1:09 pm) Those are very helpful information. Thank you very much Dennis!
#1254 of 3111 Re: The BEST PRICES FOR 7/100,000/$0 [dwynne] by papahonda Nov 01, 2006 (3:09 pm)
Replying to: dwynne (Oct 24, 2006 12:51 pm) actually dennis your thinking is flawed - you are omitting the fact that some people will run full term and not use their service contracts - after all it is a HONDA - $144 is a fairly small amt to spend to guarantee a full refund at the end of term - i mean why purchase an 8yr/120k policy if you plan on keeping the vehicle only 4-5 yrs - better off buying less coverage - imho - the guarantee provision is PERFECT for a fellow honda customer - gives you peace of mind of factory-backed coverage along with an opportunity to recoup the FULL purchase price at end of term. i'm glad i pd $144 more - to me, its worth it   ph Replies to this message: dwynne (Nov 01, 2006 7:22 pm) papahonda (Nov 02, 2006 7:41 am) dwynne (Nov 02, 2006 8:30 am) and 2 more...
#1255 of 3111 Re: The BEST PRICES FOR 7/100,000/$0 [papahonda] by dwynne Nov 01, 2006 (7:22 pm)
Replying to: papahonda (Nov 01, 2006 3:09 pm) Like anything else it is a gamble - and most folks for one reason or another (wreck, theft, changing income or need, etc) will not see the end of the contract. And I was pointing out that the ONLY way to get the refund is to keep it the whole term AND never use it. And that is likely to represent only a fraction of the buyers. If you have to have your car in for service, you get a free rental car - no wait, WE get a free rental car YOU don't since you are saving it for the full refund . Ditto for having to have a claim, you may think "I will pay for this one so I can get my full refund" while everyone else will get it fixed for free.   If you pay less now, you can still get your pro rated refund if you don't keep the car the full term. And of course, you should more than recoup your investment if you sell the used car with the transferable warranty since other cars can't get HondaCare at that point.   So if you are happy, then I am happy for you. Hopefully no one will here will need the HC warranty no matter what they paid. I just stated the pros and cons of this "miracle refund" and still think that paying less makes more sense for most folks - but that is for them to decide for themselves.   Dennis Replies to this message: papahonda (Nov 02, 2006 7:41 am) dwynne (Nov 02, 2006 8:30 am) johnddent (Nov 03, 2006 4:49 pm) and 1 more...
#1256 of 3111 Re: Extended Warranty - FL resident [davant] by babbittd Nov 01, 2006 (11:34 pm)
Replying to: davant (Sep 04, 2006 7:51 pm) Keeping AL plates also means you'd be breaking other FL 'domicile' laws like those that require you title a vehicle in FL if you reside here, are employed in FL, hold a FL drivers license, yadda-yadda.    Just because this dealer does this all the time doesn't make it right or even legal. As said so many times before, "Let your conscience be your guide."   I'm not a Florida resident, but I'm curious, what is the penalty if they catch a resident doing this?   I'm surprised to learn that this is a law in Florida. My native Massachusetts? That's a different story.   - Dan
#1257 of 3111 Re:hondacare question [dwynne] by babbittd Nov 02, 2006 (12:51 am)
Replying to: dwynne (Oct 02, 2006 10:19 am) Seriously man, you are the king of Honda car buying advsiors and I'm a first time new car buyer that appreciates it more than you know.   Thanks again.   - Dan
#1258 of 3111 Re: The BEST PRICES FOR 7/100,000/$0 [dwynne] by papahonda Nov 02, 2006 (7:41 am)
Replying to: dwynne (Nov 01, 2006 7:22 pm) pay $144 to recoup around $1000 ? how bout some math -   14% addtl if warranty is $1000 - use it lose it - you are out $144 - let's say 70% of people fall into this category -ev = $100.80 (7 out of 10 will pay $144 addtl)   30% will actually go full term -   ev = $300 - (3 out of 10 will receive full refund)   hmmm - even if shift the % down to 20 % the e.v. is higher with refund - ($115 vs. $200)   break even would be 13% - (87 % would pay $144 addtl w/o refund = $125 vs 13 % that would receive $1000 = $130)   i think more than 13 % of all honda care service conts run full term. Replies to this message: dwynne (Nov 02, 2006 8:30 am) johnddent (Nov 03, 2006 4:49 pm) papahonda (Nov 04, 2006 6:51 am)
#1259 of 3111 Re: The BEST PRICES FOR 7/100,000/$0 [papahonda] by dwynne Nov 02, 2006 (8:30 am)
Replying to: papahonda (Nov 02, 2006 7:41 am) You can buy a powerball lottery ticket for $1. It MAY pay off for you just as well.   As I said: you have to pay more then NOT use it AND keep it full term or you just wasted your money. This includes not using it when you COULD get a benefit from it.   I have put forth the reasons I think this is a bad idea, just give it a rest and let folks decide if they want to take this gamble or not.   Dennis Replies to this message: johnddent (Nov 03, 2006 4:49 pm) papahonda (Nov 04, 2006 6:51 am)
#1260 of 3111 a warranty for your warranty? by aspesisteve Nov 02, 2006 (9:15 am)
geez they even sell you a warranty that if you don't use your warranty they will give you your money back?   I wonder what the commission is on that?   it's rediculous how they think of ways to hold onto your hard earned cash.   As for it helping the re-sale value of your used vehicle - it's like everthing else in the car - it depreciates. No one will pay you face value for it so it will only make your car priced higher. Replies to this message: dwynne (Nov 02, 2006 9:32 am)
#1261 of 3111 Re: a warranty for your warranty? [aspesisteve] by dwynne Nov 02, 2006 (9:32 am)
Replying to: aspesisteve (Nov 02, 2006 9:15 am) Once your Honda is out of warranty, then you can't buy the HC warranty for it.   So if you are selling your Honda with no warranty and I am selling mine with the remains of a 120k/8yr/$0 deductible warranty on it which should be easier to sell and get more money? Adding it to your car is not an option at this point for you or whoever buys your car.   Now, most folks seem like they trade cars to avoid the hassles of selling them (often because they do not hold the title). To a dealer or a traded car the HC warranty has no value, but the original owner can cash it out for a pro-rated refund.   So folks need to decide if they want an extended warranty or not. If they do, then the HC makes the most sense - as does getting it from a discount dealer. Paying even more for a refund "Warranty" on the warranty is an option as well. It all depends on how long you plan on keeping the car, how many miles, what you are going to do with the car when you are done, etc. Of course you may PLAN on one thing then do another   Dennis

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