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Honda Extended Warranties Pricing and Info

3093 messages,  Last post on Nov 07, 2009 at 5:06 AM

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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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#1322 of 3093
Re: Mass confusion (mine) on warranty I bought [dwynne] by stevehecht
Dec 02, 2006 (1:06 pm)
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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 3093
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 3093
Re: Mass confusion (mine) on warranty I bought [stevehecht] by dwynne
Dec 02, 2006 (6:14 pm)
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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 3093
Re: Are extended warranty and paint protection or lowjack neccessary? [yling] by dwynne
Dec 02, 2006 (6:28 pm)
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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 3093
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
#1327 of 3093
Re: Are extended warranty and paint protection or lowjack neccessary? [yling] by cccompson
Dec 04, 2006 (4:39 am)
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Replying to: yling (Dec 02, 2006 2:49 pm)

No reason to be torn about these extras. As an earlier poster said, the first three are totally unnecessary and are simply additional dealer profit.
 
Don't buy any EW except Honda's. It is a good warranty but, like all insurance, you are betting that you are going to win by having problems and Honda is betting the other way. Who has more knowledge? I can't see it unless you're buying something with extra (and very expensive) "toys" like an Ody Touring R&N (one of which I own and I haven't even bought an EW for it).
 
No, it does not cover service items such as timing belts or brake pads.
 
Don't know much about Low Jack but it sure seems like a lot of money.
#1328 of 3093
Re: Rental car coverage with HC [insaneoctane] by mitzij
Dec 04, 2006 (7:22 am)
Reply

Replying to: insaneoctane (Dec 03, 2006 4:01 pm)

how do you know if you will need a rental? You won't know. Most plans only pay for a rental if the repair is covered. You will find out when the shop calls you with an estimate/update.
 
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? Not likely. Most contracts pay for rentals if repairs exceed a set number of labor hours, or there is an overnight wait for parts. There is usually a cap on the amount paid per day, as well as the total amount paid.
  
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 convenient like the Honda dealership giving you a loaner, is it? If the dealer has rentals, they can directly bill HC, they may call a service (like Enterprise) for you, or make you get your own wheels. It really depends on the dealership. Find the answer to this by calling your favorite dealer and asking. Request a loaner (rental) when you make your appointment whenever possible.
#1329 of 3093
Re: Are extended warranty and paint protection or lowjack neccessary? [cccompson] by bobw3
Dec 04, 2006 (10:55 am)
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Replying to: cccompson (Dec 04, 2006 4:39 am)

I agree about the need for EW. I've driven typically unreliable cars (Ford Escort, Mercury Cougar, etc) and I've put a lot of miles on them but they've been pretty reliable before 100,000 miles and the 120,000 mile point is when the repair bills started coming in (maybe that's why 120,000 miles is the highest EW you can get). If I spent $1000 on every car I ever bought, I'd be in the hole quite a bit, but on the other hand, at some point I might get unlucky and have to replace a transmission at 80,000 miles, but even if I did, I'd still be ahead based on all the other cars where I didn't buy the EW.
 
So if this is what I'm getting on old Fords, I'd think that with Honda you'd be pretty safe without an EW. On the other hand, as some other people have posted, if you have a vehicle with a lot of new gadgets on it, some brand new feature, or if there is some specific reason for the reliability to be suspect, then you may want to get an EW.
#1330 of 3093
great new website !!! by tmcgilvray
Dec 06, 2006 (3:22 pm)
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This is a great web site to do your shopping for a hc warranty (www.hondacaresource.com)It will list almost all the online hc dealers and there prices to compare.With links to there site's.Makes shopping much easier.
#1331 of 3093
Re: great new website !!! [tmcgilvray] by spyderred
Dec 06, 2006 (4:16 pm)
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Replying to: tmcgilvray (Dec 06, 2006 3:22 pm)

Great website. Thanks.
 
Do you know of a similar website for Infiniti cars?
 
Spyderred.

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