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Smart Shopper Honda Extended Warranties Pricing and Info
3104 messages, Last post on Nov 25, 2009 at 7:48 AM
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Replying to: jimmibondi (Nov 30, 2006 1:35 pm) What happens if you need an $800 repair? Do you pay for it yourself and hope you get the $1550 back later? If you do pay for it, then have more problems then you will be out the $1600 plus the $800 you paid out of pocket to try to get the $1550 back. Also check the fine print, they could have language in there that says you have to still own the car and the end of the warranty to get the refund. They are betting the majority of folks will either have their car wreck, stolen, or sell/trade it before then - then they get to keep the whole $1,600 and do nothing for it. While looking at the fine print, hot much WOULD you get back if you cancel early for any reason. Dennis
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Replying to: dwynne (Nov 30, 2006 7:27 pm) But as you point out, there could be things in the fine print (which I have not seen) that could cause a problem. When I googled the company it brought up a few complaints about denial of claims and about long waits before their adjusters approve the claim. I would also be worried about denial of that one big claim for whatever reason, which then would also disqualify you from getting the $1550 back. Thanks!
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Replying to: jimmibondi (Dec 01, 2006 4:19 am) As I said, I bet in the fine print you will see lots of restrictions about early termination and such. If the dealer will stand behind it with a notarize agreement that you could risk it. Otherwise, get HondaCare or just do without. Dennis
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Replying to: dwynne (Dec 01, 2006 7:41 am) I'd rather stay away from that type of insurance.. |
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OK, I just posted yesterday about buying a SE V6 for a good price from Herb Chambers in Westborough, MA. But I was totally unprepared for the warranty sale by the finance guy. I knew nothing about these warranties and didn't even know there were competitors to shop around to. He offered me an extension on the bumper-to-bumper 3yr/36,000 mile up to 5 yr/60,000 for $805 from API (stating that this price was discounted from their normal rate by 50% or so). At first I refused but then he said that: 1) if I didn't use it I would get the money back (I assumed this meant not using it from 36,001 through 60,000 miles), and; 2) I could cancel the purchase anytime up to the 3yr/36,000 limit. But when I read the refund terms from API it says: "Use of any benefit of the Service Contract, including Roadside Assistance, Car Rental, Towing [etc.] voids the GPR [refund] Program." Does this mean that if I use the service contract EVER from mile one I cannot get a refund on the extension? It also says: "Contract must expire by time (in months) to be eligible for the GPR." Does this mean that if I run up 60,000 miles before five years is up I still can't get a refund? Nowhere does it say I can get a refund at any time before the extension period begins, as the finance guy said. Is this a rip-off? Is the price reasonable for this warranty?
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Replying to: stevehecht (Dec 01, 2006 6:43 pm) I can understand folks who think an extended warranty is not something they want to buy, but if you DO decide to buy one you should only get a HondaCare warranty and buy it from a discount dealer (like Bernardi). I would get a refund on this as soon as you can. If does sound like if you use any benefit (roadside, rental car, etc) you get nothing back and yes, you don't get anything back until the months are up, no matter the miles. Dennis |
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Replying to: dwynne (Dec 01, 2006 7:50 pm) I do plan to call to cancel this plan tomorrow--I had better be able to! I've already gotten a quote on the Bernardi website, and for the same money I can get 7yr/100,000 miles with $0 deductible instead of 5yr/60k miles with $100 deductible! What a rip-off! Strangely enough, I had been at Bernardi Honda earlier the same day I bought the car from Herb Chambers but Bernardi didn't have the car I wanted and couldn't meet their price.
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Replying to: dwynne (Dec 01, 2006 7:50 pm) and their prices look better than Bernardi's.
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Replying to: stevehecht (Dec 01, 2006 9:12 pm) It may depend on the coverage select and Honda model as to who is cheapest at any given time. Bernardi for 07 Accord I4 w/$0 deductible 5 years/60,000 miles warranty: $435.00 5 years/80,000 miles warranty: $530.00 5 years/100,000 miles warranty:$615.00 6 years/80,000 miles warranty: $550.00 6 years/100,000 miles warranty:$675.00 6 years/120,000 miles warranty:$775.00 7 years/80,000 miles warranty: $570.00 7 years/100,000 miles warranty:$745.00 7 years/120,000 miles warranty:$845.00 8 years/100,000 miles warranty:$825.00 8 years/120,000 miles warranty:$925.00 Saccucci for the same car (all $0 deductible): 60 months 60k miles $325 60 months 80k miles $530 72 months 80k miles $550 84 months 80k miles $570 60 months 100k miles $615 72 months 100k miles $675 84 months 100k miles $745 72 months 120k miles $775 96 months 100k miles $825 84 months 120k miles $845 96 months 120k miles $925 I usually just check the 8yr/120k or maybe 8yr/100k when I am spot checking prices and those are the same today. You also get $25 an online part or accessory with Saccuci if you order from them right now. Sounds like a better deal on this model today! Keep in mind that HC is not an extension of the bumper to bumper factory warranty, there are exclusions (like squeaks and rattles, body panels, carpet, upholstery, etc). Read the contract and be sure you can live with the exclusions before you buy. Dennis
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Replying to: stevehecht (Dec 01, 2006 8:34 pm) Dennis
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