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Smart Shopper Honda Extended Warranties Pricing and Info
3093 messages, Last post on Nov 07, 2009 at 5:06 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: sliderule43 (Oct 12, 2008 10:17 am) " I know car warranties are generally a bad buy. My last Honda Care was, since my repair cost was only $150, over the 7 years. However, my EW paid off handsomely on my lemon VW Passat. It also paid off on my GM Malibu, when it had to be towed from my garage 2 weeks after the 3 year warranty expired. Bad starter. Then everything went bad. All cars can have problems. From the Toyota engine sludge issue, to the bad Honda Accord transmissions. " I'm glad you are pleased. Such a pleasant tone to this forum since we are back to helping people. Looks like your personal experience is 2:3 in favor of EW's. Honda's in general are well built. HCOA's experience are that for the majority nothing, or not enough will happen thereby earning them a profit. But if you happen to be in the minority (it happens) then it will suck if you didn't have one. The HCEW that made the most sense to me was the 120,000 mile 8 year version. Some cars will have no problems from 75-100,000 miles but many will experience problems over 100,000 miles.So if you have bought a Honda to run it into the ground, then the long HCEW makes sense imho. HCEW only sells to vehicles with mileage under 36,000 so if you flip your cars you probably are best to do without. But jet10000 has commented on getting better resale values offering it with HCEW. At the current online price of $10 a month for the Accord 4 cyl at 8/120 ( Never pay retail! ) it is cheap insurance as far as relative insurance values go. |
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Now that i will agree with. Insurance is nothing more then a numbers game. You need more policy premiums coming in then you have claims going out. Insurance/warranty's are a funny product. it is something the consumer pays for that they hope they never need, but are glad they did when they need it.
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Replying to: applecore323 (Oct 29, 2008 1:19 pm) Many people have road service, which is just another form of warranty. People pay for it hoping never to use it. Wonder how many people that consider waranties a waste of time, have road coverage? By the way, in my first post, I forget about my very early warranties. Got a new transmission when my Chevy Caprice seized up. Also received 2 air conditioner replacements on my son's Dodge Shadow. I guess that's why I don't have a great problem with these warranties. I just googled Mini Cooper complaints. Consumer Reports recommends the Mini. What a nightmare. You never really know. I can afford a warranty, but would really be hurt by a $ 2500 repair.
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Hi Guys, I am just wondering if it is worth buying Honda Extended Warranty (from online) for an 09 Honda Accord EXL? I bought this 2months back and now thinking if it is a worth..i know it costs around $800 for ~6yrs.. Any suggestions appreciated.. Thanks, Mahesh
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Replying to: itsmaheshp (Oct 31, 2008 6:06 am) |
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Replying to: majordad (Oct 08, 2008 6:43 pm)
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Replying to: sliderule43 (Oct 29, 2008 1:45 pm) "Many people have road service, which is just another form of warranty. People pay for it hoping never to use it. Wonder how many people that consider waranties a waste of time, have road coverage? " Like you I ran the numbers, though you might have to explain to gen x what a slide rule is. My previous AAA coverage (basic) at $55 per year x 8 = $440. $960-440 = $ 4.33 per month for near bumper to bumper coverage for 8/120. I found that cheap on a risk reward analysis and so let the dealership add it on but at an online price. Since I would maintain auto club services regardless, it sealed the deal. VMMV. |
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Replying to: a004482 (Oct 31, 2008 6:58 pm) If you can't get Honda Care, save your money. I am so dissapointed with dealers that sell third party contracts, without disclosure, just to pad their bottom line. They have no problems hurting their customers. |
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", I brought in the online pricing, and paid $ 50 above that for the $ 0 deductible 7 year warranty." I do not understand why people like to pay above invoice or above an online price. The best bet is to pay below invoice or below online price... at least make it the same. |
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I can't disagree with your position. Please consider that people that buy warranties tend to be risk adverse. You are willingly paying for something that you realize is probably a poor investment. Consistent with this risk adverse mentality, is the thought that maybe buying online may cause some problem. Whereas buying from your local dealer is more comforting. You are correct. I don't disagree with you. I'm just answering your good question. I was willing to pay the extra $ 50, - my dealer refused to go lower. By the way, paid the extra $ 50, but wrapped it into my 2.9% 5 year loan. Makes it a breakeven-don't you think?
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