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Honda Extended Warranties Pricing and Info

3107 messages,  Last post on Nov 30, 2009 at 1:36 PM

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


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#1317 of 3107
Re: Mass confusion (mine) on warranty I bought [dwynne] by stevehecht
Dec 01, 2006 (8:34 pm)
Reply

Replying to: dwynne (Dec 01, 2006 7:50 pm)

Here is the URL of the policy I bought: http://www.apiprotection.com/premiercare.aspx --you can check out the homepage if you like. The lienholder for this policy is American Honda Finance Corp., so I guess it's legit and the coverage is universal for Honda dealers.
 
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.
#1318 of 3107
Re: Mass confusion (mine) on warranty I bought [dwynne] by stevehecht
Dec 01, 2006 (9:12 pm)
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Replying to: dwynne (Dec 01, 2006 7:50 pm)

Btw, I also checked out https://www.myhondawarranty.com/pricing.php
 
and their prices look better than Bernardi's.
#1319 of 3107
Re: Mass confusion (mine) on warranty I bought [stevehecht] by dwynne
Dec 02, 2006 (9:53 am)
Reply

Replying to: stevehecht (Dec 01, 2006 9:12 pm)

You may be right, you should always check around for the best price before you buy. If you are in the same state as the dealer (Bernardi?) do they charge you sales tax on a warranty?
 
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
#1320 of 3107
Re: Mass confusion (mine) on warranty I bought [stevehecht] by dwynne
Dec 02, 2006 (10:00 am)
Reply

Replying to: stevehecht (Dec 01, 2006 8:34 pm)

I think a lot of the dealers sell whatever nets them the most profit, not what might be best for the buyer. It is another way for them to profit from your deal - the buyer hammers them on price, hammers them on trade, then gives all their hard work back in the F&F office by signing up for some "protection package" (fabric coating, paint sealant, rust proofing, etc - none of this is needed) or too high a lease/loan rate or a warranty that is double or triple what it should cost. Imaging how much they make on someone who does not negotiate a good deal? You can see how one price new and used car lots have a lot of appeal to some folks.
 
Dennis
#1321 of 3107
Re: Mass confusion (mine) on warranty I bought [dwynne] by stevehecht
Dec 02, 2006 (1:02 pm)
Reply

Replying to: dwynne (Dec 02, 2006 9:53 am)

hey Dennis,
 
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!
#1322 of 3107
Re: Mass confusion (mine) on warranty I bought [dwynne] by stevehecht
Dec 02, 2006 (1:06 pm)
Reply

Replying to: dwynne (Dec 02, 2006 10:00 am)

You've described exactly what happened to me, and I'm sure happens to everyone else at this dealer. I was also thinking about how many people get ripped off at one, two, or three steps in the process--which is why they're willing to let me get a good price on the car, fair price for trade-in, and let me cancel my rip-off EW (which they said they would do, btw). I'm picking up the car tomorrow and canceling the EW--let's see if I can do both!
#1323 of 3107
Are extended warranty and paint protection or lowjack neccessary? by yling
Dec 02, 2006 (2:49 pm)
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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?
#1324 of 3107
Re: Mass confusion (mine) on warranty I bought [stevehecht] by dwynne
Dec 02, 2006 (6:14 pm)
Reply

Replying to: stevehecht (Dec 02, 2006 1:02 pm)

If you have a balance on the card you use to buy the warranty, you will pay a lot more than the 0% finance plan would cost. Most card companies only have you pay 1/24 or less of your balance so in the end how much you would pay on a card is based on the rate, how much your already owe, how much you pay now, and how much extra (if any) you will pay once you stick the warranty on there. The only way to compare them is if you owe nothing on the card and you were to pay about 1/12 of the warranty cost each month on the card. Your card is an annual rate, but you not be keeping the full amount for a full year since you would be paying it down and have it almost paid off at the end of the year.
 
If there is something you need from their online store that the $25 will buy or count toward, that sounds like the way to go - unless you owe nothing on your card.
 
Dennis
#1325 of 3107
Re: Are extended warranty and paint protection or lowjack neccessary? [yling] by dwynne
Dec 02, 2006 (6:28 pm)
Reply

Replying to: yling (Dec 02, 2006 2:49 pm)

I would skip the paint protection, keep your car washed regularly and wax it (or have it waxed) a couple of times a year and you will be fine. You don't need the interior treatment - if you think you do run to K Mart or Wal-mart and buy a few cans of ScotchGuard and spray it around. Ditto the rust proofing - has not been needed in years and the experts says it can do more harm than good. A non HC warranty is out, if the quote on the HC 8/120k is $0 deductible then it sounds like it compares with the online quotes (you didn't say which model car you have) - check the online places to see for sure. The price they quoted you may be for the $100 deductible plan, but sure to check that as it cost less.
 
I think LoJack does work, but I don't know that it is worth the money. If your car is stolen you call them and they turn on a hidden transmitter in the car. They GIVE police departs around the country free receivers to mount in the police cars. If a transmitting (stolen) car drives close to an equipped police car the receiver detects it and points the way. In theory this lets the police get your car back for you. My thought it, that is why I pay for insurance. If my car is stolen, insurance will replace it. And I also hope that if someone does take one of mine, they NEVER bring it back. I would rather start over and not have one someone has stolen and abused. A lot of areas the police have no receivers, so if the car is taken there it will do no good. I would assume in the DC area they have the receivers, but I would found out about all the surrounding areas and see. LoJack does have a pay out if your car is not recovered. Like I said, in the past it has not been offered here so it was not an option, but I am not convinced I would pay for it for something as easily replaced as a Honda. If I owned Steve McQueen's Mustang he drove in Bullitt then yes I would have it, but for an Accord or Civic? They make thousands of those each year, don't they?
 
Now, if someone carjacked you with your kid(s) in the car and drove off with them - then yes the LoJack would be worth its weight in gold.
 
Dennis
#1326 of 3107
Rental car coverage with HC by insaneoctane
Dec 03, 2006 (4:01 pm)
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Can someone who's used this benefit explain a couple of questions for me? First, until you drop the vehicle off and have had the mechanics look at it, how do you know if you will need a rental? I work 55 miles away from home, so I typically will overnight drop off my vehicle at the dealer, at which point I need a rental to get to work the next morning. I've driven myself to work and probably have 3 hours on the clock before the dealer has even LOOKED at my vehicle...if the dealer turns around and says that the fix was simple, only 2 hours of work, am I going to get reimbursed for my rental?
Second question, does the HC policy just reimburse you for rentals and YOU need to find a local rental place and rent and return and then submit receipts? It's probably not convienent like the Honda dealership giving you a loaner, is it?
Detail will help me, thanks

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