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SUVs Honda Pilot HondaCare Extended Warranty Price? Is it worth it?
95 messages, Last post on Nov 04, 2009 at 7:15 PM
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Hi, I purchased new 2008 Honda CRV AWD in SantaClara, California. During the purchase of the car, finance department offered me “CAREFREE CAR PROTECTION” for 6 years or 100K miles for $2100 with platinum coverage. Dealer said I will be getting entire $2100 back if I wouldn’t use this protection from beginning of 4rth year to end of 6th year. They offered me this cash back only if I purchase this on the day the car was bought; if I have to buy this later no refund option is available. Could you please let me know if the $2100 is the best price for “CAREFREE CAR PROTECTION” and also is it worth buying this protection for a brand new car? Are there any other options available? I appreciate the responses, as I have few more days to cancel the policy with full refund. Thanks, Mahesh |
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Replying to: gmr78 (Oct 26, 2008 10:51 am) Platinum Coverage - do they really put platinum to cover your car? I think 24K gold (currently $900/oz.) is just fine for me. |
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Replying to: bigdadi118 (Oct 26, 2008 11:00 am) Rental car coverage, Towing coverage, Travel breakdown(hotel expenses), Diagnostic coverage etc... Silver and Gold includes the following coverage: Cooling, Fuel, air conditioning, Steering, Front suspension, Rear Suspension, Electrical. I am just wondering if any one has bought "Care free Car protection", if yes how much is the amount paid? Is honda care is better than this? Thanks
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Replying to: gmr78 (Oct 26, 2008 2:23 pm) I'm not sure what "CAREFREE CAR PROTECTION” is, but it sounds a lot like the Honda Care Extended Warranty. I also have a 2008 Honda CRV (but not the AWD model - just the base model.) I got the 7 year 100,000 mile coverage for $885 (see my earlier post) and it has a zero dollar deductible and also includes Rental Vehicle Reimbursement, Trip Interruption Reimbursement ($100 per day to cover hotel if more than 100 miles away from home), Roadside Assistance including towing, flat tire change, jump start, emergency fuel delivery, lockout assistance, etc. Covered items include Engine, Front, Rear and 4WD axles, Transmission, Chassis - Suspension, steering and braking system, fuel system, computers and electronics, Air Conditioning, Heating and Cooling systems, honda electronics, etc. So I don't see much difference in what you are getting. The only difference I could tell of what you have and what I have is the "refund" option if you don't use it. The Honda Care extended warranty allows a full refund in the first 60 days, after that, if you ask for a refund, it's pro-rated. With your Platinum coverage, it seems like the only way you'll get a refund is if you never use it. If that's the case, why would you want it anyway? It's like giving the dealer an Interest-free loan! For example, let's say something breaks in year 4 (i.e., Air Conditioner) and you find out it will cost $500 to fix it - if you use the warranty, you'll lose all $2,100 you paid. If you don't, there's $500 out of your pocket. Then if you have more breakdowns (radio, suspension, etc.) you'll have to decide each time if it's better to pay yourself or relinquish you rights to a refund. To me, that sounds like a bad deal. I think you should either get a Honda Care extended warranty for much cheaper (like the $885.00 I paid) or not get anything at all. My advice is for you to get your $2,100 back as soon as possible!
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Replying to: gmr78 (Oct 26, 2008 2:23 pm) Kip |
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Replying to: gmr78 (Oct 26, 2008 10:51 am) |
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Replying to: paulinca (Oct 19, 2008 10:31 am) |
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Replying to: paulinca (Oct 26, 2008 9:11 pm) Thanks again. |
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Replying to: paulinca (Oct 19, 2008 10:31 am) Could you advise how I can contact you for more detail information about spirithonda? Thanks.
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Replying to: easyaccess (Apr 27, 2009 11:37 am)
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