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Honda Odyssey, Honda Accord, Honda Civic, Honda Element, Honda Pilot, Honda S2000, Car Warranties
#3213 of 3848 Re: Did I over pay? [gsp408]
Feb 20, 2010 (9:20 am)
Now moving from "price paid thread" to "honda care thread". Bought a Odyssey EX-L with NAV/RES last night for $33,500 + TTL. I also bought 8/120K 0 ded Honda Care for $1995. Two questions:
1. I know I paid a little bit too much, but how much did I over pay? Is it worth cancelling and looking around. How much are people typically paying in Bay Area?
2. Is it worth having HC at all? I have had Honda Civic for 15 yrs which I traded in and other car is a toyota highlander with no EC now. Its a 2003. So I am debating if is it worth the extra money at all?
Thanks in advance!
#3214 of 3848 Re: Did I over pay? [odysseyba]
Feb 20, 2010 (1:53 pm)
I am not in the bay area, but here is something you can try since it worked for me. Get the best quote you can from a dealer you can purchase the warranty from (whether in state or out of state). Then go back to your dealer and tell them about the best quote you got. They may ask you for proof. As polarcubz mentioned in his reply to my post (please refer to #3196), the finance manager at your dealer may work with you and try to match the price. In my case, the manager matched the price. If (s)he can't match the price, then you can always cancel (if within 60 days) and repurchase.
I think most managers will match the price since they will lose all the profit they made from your overpriced purchase if you cancel. By matching, their profit will not be as much, but better than $0!
I found that referring to Edmunds's forums and "expert advice" from here made the managers come straight to the point. It'll save both you and them a ton of time and energy!
#3215 of 3848 Re: Bought an Extended Care Warranty - now want to switch [polarcubz]
Feb 20, 2010 (2:07 pm)
Thanks for the detailed explanation. It's much nicer if customers and managers try to work with each other understanding that the other also needs to get a good deal.
I tried sincerely to have the dealer's finance manager match the deal...I waited patiently for almost 10 days while worked things out with Honda. And she got back to me saying that she will match it.
It seemed as if she was surprised that there was that big a markup in the pricing of EC, but given her not-so-truthful tendencies (aka "overagressive" in your post), I wouldn't read too much into that. But in any case, the fact that I gave her the benefit of the doubt seemed to change her tactics a little. She said she'll try to see how we can work with the State of Nebraska to pay the right tax (I still haven't registered my car and state taxes here are collected at that point).
Bottom line: It's sad that people in the role of finance managers seem to think that they have to lie to make an extra buck, and I hope to never be in a position to have to do that. Being frank and truthful will lead to increased sales through referrals and definitely a more pleasant experience for all parties.
#3216 of 3848 Re: Did I over pay? [accordexl]
Feb 20, 2010 (11:07 pm)
Thanks for the response. Based on what I have read so far, I think 1K would be a decent price for 8/120K/0 ded HC. Now it is a matter of talking to various dealerships here in BA and see what quote they come up with. Whats up with the assinine CA law that I cannot buy online from other websites people here are talking about?
I AM a little pissed about the price he offered me. He said that the retail was $2650 but he would give me a discount and make it $1995 for me. I asked him if I could come back and buy this tomorrow and he lied and said that HC can be bought ONLY at the time of purchase and not later on. He also showed me some numbers on his screen and said that he was selling HC to me at cost, which I did not believe for a minute. I knew I was overpaying for HC but I was thinking more like $200-$300 not a grand! Anyways, tomorrow is Sunday, and I plan to call up the dealerships around me Sun and Monday and go into the dealership where I bought the car on Tue and see if he would agree to match it else cancel and buy it from the other place!
#3217 of 3848 Trail's end...........
Feb 22, 2010 (8:57 am)
......if I've missed any guidance in prior posts, I plead guilty and plan restitution later.
My $590 6year/80,000 mile HCEW (Ray Laks Honda in upstate New York) purchased online/2005 is about done. My snappy Accord 6M coupe will roll past 80k soon.
Would it be a fair statement that - at the 80,001 point - it's the end of the trail (hence post title)?
No rebate for non-use, no extra coordination needed, no nothing. I now must rely on the inherent reliability/quality of Honda, right?
any feedback appreciated..........
ez...... (it's still a great car; I will miss the EW peace of mind though)
#3218 of 3848 Re: Trail's end........... [ezshift5]
Feb 22, 2010 (10:48 am)
I now must rely on the inherent reliability/quality of Honda, right?
Well, yeah! But you could trade in for a new vehicle with fresh coverage.
SUVs and Smart Shopper
#3219 of 3848 Re: Did I over pay? [jet10000]
Feb 22, 2010 (1:52 pm)
Thanks jet, kip,
Iíll do some quote shopping for the EW from other dealers.
I got the same or similar story that the HC had to be purchased right there and then and not later. Please share what quotes youíre getting here in the bay area from local dealers.
#3220 of 3848 Re: Did I over pay? [gsp408]
Feb 22, 2010 (2:13 pm)
I paid $1995 for 8yr/120K/0 ded HC coverage. I think I overpaid by 1K. So here are two questions I have now:
1. Do I want to keep HC, every time I google, I come up with some horror story as to something that was not covered by HC, granted that people dont go back and record their good experiences. I just traded in my 15 yr old Honda Civic, no problems. But yeah, it didnt have so many gadgets in the car plus it was made when mfg was still somewhat decent. So I am still debating if I want HC!
2. I am trying to talk to local dealers here and get a quote for HC. I think I am okay with 1k-$1200, not more than that. Once I have that I can go back to Autowest and ask them to match it, else I can cancel and buy from this guy. So far no beef!
let me know if you get a good quote from some dealership here in CA.
#3221 of 3848 Re: Did I over pay? [odysseyba]
Feb 23, 2010 (7:35 am)
Okay, so bernardi came back with $1295 for the same coverage. Can I go ahead and buy online even though I am in CA? Will I have problems when they see that I bought from someone outside the state and local dealers tell me to take a hike when I go in for claims!
#3222 of 3848 Re: Did I over pay? [odysseyba]
Feb 23, 2010 (2:06 pm)
Will I have problems when they see that I bought from someone outside the state and local dealers tell me to take a hike when I go in for claims!
No once you own the Honda Care, all Honda dealers have to honor it. It's in their best interest to honor it because Honda pays the dealer you take your vehicle to for the repairs so it adds to their bottom line.