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HondaCare Extended Warranty Price? Is it worth it?

95 messages, Last post on Nov 04, 2009 at 7:15 PM
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Replying to: aspesisteve (Aug 25, 2008 8:05 am) P.S. I, too, didn't believe in buying insurance under "EW" label, but with all the new electronics and technology including VCM, navigation, etc. I thought I would sleep better knowing I have them covered for a long time for about $1000. |
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I have done alot of research and have recvd reports from Consumer Reports ,have read their magazines on 2008 and 2009, Car guide magazine and have gone on web sites such as Edmunds.com for the past three weeks. They all say that if you select a car that has a high reliability rating such as a Honda Civic/Accord and a Toyota Camry there is no need to purchase an extended warranty. On avg the consumer loses $ 300 by purchasing an EW. On an EW, they also said to look out for, that when you purchase an EW, you start paying from day one but cannot use the EW ( will not go in effect) until the original factory warranty expires which for the 2008 and 2009 models is 3 yrs/36,000 miles same as Toyota. I received an Internet pricing quote for an Accord LXP for $ 19825 w/o destination. The car has 5 miles on it. Will be purchasing on Saturday. When I received the report from CR they do not list mfg and dealer invoices prices for certain items like wheel locks or etc. But when I received a report for the Toyota, CR listed each option with a mfg/dealer invoice on it such as VSC. When I was looking at a Toyota Camry LE thay told me VSC (not included) would be $ 650. I said no, the invoice is $ 520. Then they know that I did my homework. CR also says that if you want an EW, buy it separetly later on from other sources which I have been reading as bernardiwarranty.com or myhondawarranty.com. Let me know what you think.
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Replying to: 67camaro1 (Aug 28, 2008 8:33 am)
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Replying to: paulinca (Sep 18, 2008 3:33 pm) |
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Dealer said the online extended warranty places aren't allowed anymore. I don't believe them. Does Honda prohibit people from buying warranties on line? Thanks!
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Replying to: scottgbwi (Oct 02, 2008 5:27 pm) Besides it is Honda Financial services who gives the warranty and not your dealer so you can always call HOnda Financial and confirm your coverage. |
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Replying to: paulinca (Sep 18, 2008 3:33 pm)
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You guys should also call your congressmen and ask them why they sold out to the car dealership lobby and made a law that prevents buying an extended Honda care warranty from out of state !
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Replying to: mercara (Oct 17, 2008 7:31 pm)
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