Last post on Jun 05, 2008 at 6:02 AM
You are in the Acura TL
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Honda Accord, Honda Civic, Acura RL, Acura TL, Honda Odyssey, Automotive News, Sedan
#38 of 73 Re: Honda Odyssey Odometer Problems [mstracid]
Feb 20, 2007 (1:48 pm)
Low miles on a car has a huge effect on trade-in value.
#39 of 73 Re: Honda Odyssey Odometer Problems [frisconick]
Feb 20, 2007 (4:00 pm)
I just checked the kbb value on my Accord (03 EX V6, no nav.) I have 42,000 miles. The private party value was $14,910. Then I went back, and changed the mileage 4% (43,680). Guess what the change was.... $0. It came up with $14,910. When I sold my old 92 Accord, I got $1000 over the kbb value anyway. It's not so much about the miles when you sell your car. It's more about the condition the car is in.
Feb 21, 2007 (11:29 am)
my 2006 TL hit 20K miles today.
I am very disappointed.....this is will probably be my last honda/Acura.
I wish I went with a IS350 instead....not I am stuck with this. How I see it now Honda is no better than Ford and Chevy.
I want a refund check!
#41 of 73 Re: Honda Odyssey Odometer Problems [elroy5]
Feb 21, 2007 (2:29 pm)
Yes the condition of the car is most important, but I tend to put a lot of miles on my cars.
#42 of 73 Re: 2006 TL [starman98]
Feb 21, 2007 (2:32 pm)
why are you disappointed- because of the odometer issue or are there some major mechanical and quality issues?
#43 of 73 Re: Honda Odyssey Odometer Problems [frisconick]
Feb 21, 2007 (3:26 pm)
Let's say you would have 150,000 miles on your car, when you sell it. (Add 4% 6000 miles). I don't think it will make much difference to the buyer, if the odometer has 156,000 miles on it. From what I've been reading, other car makers do the same thing. I would not be surprised if this is not the last odometer case the Lawyers will try to make some easy money on.
#44 of 73 Re: Honda Odyssey Odometer Problems [elroy5]
Feb 23, 2007 (11:17 pm)
Don't own a honda but the story on the forum cuaght my attention and I thought I would through my 2 cents in.
(only read about it here so that is the most I know about it)
IN MY OPINION:
Do I think Honda intentionally calibrated only one of their model's odomimeters to register 3-4% higher then they should: Most likely No, or if they did it would be more widespread and closer to an acceptable error rate hovering slightly over 1% and on more models.
HOWEVER, do I think they found it out after production and could have fixed it after extensive testing = OF COURSE
3-4% is significant enough when they are doing all of the testing on the vehicle before it is released to the public it would have been noticed.
POINT: They found out after it was in the car the cost/benifit or risk/reward ratios start playing a factor.
Would the cost of recalling every accord to fix the odimeter be financially worth it = NO
Moderate probability no one would notice and file a lawsuit therefore they don't need to spend the money on the recall, bonus is the mistake is in their favor for lease milage and maintence costs.
Solution roll the dice and hope nobody notices. If they do oh well we need to do the recall and give people the milage/money back they deserve anyways.
If you ask me heavy punative damages should be levied upon the company and an audit done on all models to see if it was pervasive throughout other models
Anyways that is my longwinded 2 cents
#45 of 73 Re: Honda Odyssey Odometer Problems [fletcher3]
Feb 23, 2007 (11:41 pm)
Further elaborating on my above point punative damages are the only thing that causes a large corporation to take notice and change the way the act in the future.
Yes it is true that more then likely the lawyers who filed the case will reap the most lump sum financial benifit however that doesn't mean that the general public doesn't benifit as well. Depending on if Honda was aware, and if the actively tried to cover up (de-fraud) the consumer they can be held acountable for actual damages as well as punative.
Punative damages are where the company can get hit the hardest so that it sends a message "don't try to de-fraud the general public again".
Therefore next time when they find "a mistake" in their favor next time, they might think twice before sneaking by the unsuspecting consumer. And it goes for all car-manufactures not just Honda.
Do you think if Ford ran into a similar situation as Honda, but Honda got hit with a mega-million dollar punative damage verdict they would chose to take the same road and try and cover it up, or bite the bullet and pre-emptively recall and corect the situation.
Again thats just my long-winded 2 cents
#46 of 73 honda/acura odometer problems
Feb 24, 2007 (5:56 am)
I own an 06 TSX, bought ll/17/06, 10 days after the lawsuit expired. I received in the mail a Q Ultimate Power Train Warranty- up to 7 years or 100,000 miles. It did not cost me anything but I was wondering if anyone received this. It requires that if I have problems I have to bring it to the selling dealer to have this warranty cover it. I love the car, no problems (knock-on-wood)
#47 of 73 Re: Honda Odyssey Odometer Problems [fletcher3]
Feb 26, 2007 (1:13 am)
I routinely check the speedometer and the odometer of my vehicles when new and after a tire purchase. My dozen or so past vehicles have fallen in the 0 to +4% range for the odometer. My 2004 CRV odometer is 102% clocked over 20 miles. My 1998 Accord is 101.5%. (checked over a straight highway with GPS) Both speedometers are spot on. I would like manufacturers to aim for an average of 100% on their odometer errors. I usually get 1% change over the life of the tires.
With that said, I benefit little from this settlement as I am over the mileage on my 2004 warranty. I would think it appropriate to award at least a credit good for a service. Now if Ford, Nissan, GM and Chrysler will cover my former vehicles ....