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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: 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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Replying to: dwynne (Dec 02, 2006 9:53 am) I just checked Bernardi and Saccuci and they have the same rates for my V6 Accord: 5yr/80k $555 7yr/120k $900 8yr/120k $980 $0 deductible No tax on the policy for Massachusetts residents according to Bernardi, but they do charge $50 for setting up a 0% APR 1 year payment schedule. Saccuci charges a $25 fee. According to Saccuci, the 0% APR (they give you a HondaFinance credit card) would save you $81 on $1000 at 16.1% APR. (Their fee is $25 and the special $25 offer on parts cancel each other out.) But since you pay 10% down and none of the 0% deductible policies cost $1000, you won't be borrowing $1000 and the amount saved in a year will be less. In my case my credit card charges only 11.25%, so I would only save $53 in interest on $882 ($980 less 10% for the 8/0/120 plan) with Saccuci. Bernardi charges $50 for the 0% APR and does not give a $25 certificate, so the savings is only $3 ($53 saved-$50 fee). If I go with Saccuci I will save $53. Please check my math!
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Replying to: dwynne (Dec 02, 2006 10:00 am) |
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I have the following numbers for the following services. Does any one have better offers? Paint Protection 5yr = $295 Interior = $145 Rust Proof = $299 Low Jack Installation= $750 WarrantyDirect 7yr/100K= 1330? HondaCare 8yr/120k =980 I find myself so torned with buying all the following services. I love to have the peace of mind but adding all those numbers up results in a hole in my pocket. Any advice as to what's neccessary and what's not is greatly appreciated. Any one know if WarrantyDirect provides better protection and more reliable than Hondacare? Since WarrantyDirect claims to offer wear and tear protection sounds better but it covers less mileage and year. How likely is a reliable car like Honda gonna fail before 120Kmi? Since Hondacare doesnt have wear and tear warranty, they are not gonna replace the timing belt unless it breaks, right? Is paint protection neccesary in DC area? Is Low Jack necessary? Does it really work?
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