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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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What is this discussion about? Honda Pilot, SUV


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#62 of 95
Re: Is carefree car protection is worth the price $2100?? [gmr78] by bigdadi118
Oct 26, 2008 (11:00 am)
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Replying to: gmr78 (Oct 26, 2008 10:51 am)

Do you mind to list what are included on “CAREFREE CAR PROTECTION” ...
 
Platinum Coverage - do they really put platinum to cover your car? I think 24K gold (currently $900/oz.) is just fine for me.
#63 of 95
Re: Is carefree car protection is worth the price $2100?? [bigdadi118] by gmr78
Oct 26, 2008 (2:23 pm)
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Replying to: bigdadi118 (Oct 26, 2008 11:00 am)

Platinum coverage inclues:
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
#64 of 95
Re: Is carefree car protection is worth the price $2100?? [gmr78] by paulinca
Oct 26, 2008 (9:11 pm)
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Replying to: gmr78 (Oct 26, 2008 2:23 pm)

Dear Mahesh,
 
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!
#65 of 95
Re: Is carefree car protection is worth the price $2100?? [gmr78] by kipk
Oct 27, 2008 (2:22 am)
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Replying to: gmr78 (Oct 26, 2008 2:23 pm)

Does the "Carefree" coverage include Honda Recommended routine service, by any chance?
 
Kip
#66 of 95
Re: Is carefree car protection is worth the price $2100?? [gmr78] by mercara
Oct 27, 2008 (4:11 pm)
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Replying to: gmr78 (Oct 26, 2008 10:51 am)

Third party coverages are a bad bet. You will run into serious issues when you have a claim. They are more profitable for the dealerships. I suggest skip it and buy the Original Honda Care warranty. It includes Towing and roadside assistance as well. Consider it a warranty and a AAA membership combined.
#67 of 95
Re: Extended Warranty [paulinca] by parviz
Oct 28, 2008 (3:21 pm)
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Replying to: paulinca (Oct 19, 2008 10:31 am)

Good work, Paul and thanks for sharing the info. It is good that sometimes ordinary people like us can also find loop holes for some of the funny laws that are put together for the benefit of the big guys.
#68 of 95
Re: Is carefree car protection is worth the price $2100?? [paulinca] by gmr78
Nov 01, 2008 (9:24 am)
Reply

Replying to: paulinca (Oct 26, 2008 9:11 pm)

Thanks for the detailed information. your reply is very informative and I will cancel my policy today and ask the dealer for Honda care.
 
Thanks again.
#69 of 95
Re: Extended Warranty [paulinca] by easyaccess
Apr 27, 2009 (11:37 am)
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Replying to: paulinca (Oct 19, 2008 10:31 am)

Hi paulinca,
 
Could you advise how I can contact you for more detail information about spirithonda? Thanks.
#70 of 95
Re: Extended Warranty [easyaccess] by paulinca
Apr 27, 2009 (9:45 pm)
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Replying to: easyaccess (Apr 27, 2009 11:37 am)

Make your email address in your profile "public" and reply to this message to let me know it's done so I can send you an email. I tried to make my email public so you could contact me, but it doesn't seem to be working.
#71 of 95
Re: Extended Warranty [paulinca] by easyaccess
Apr 28, 2009 (5:06 pm)
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Replying to: paulinca (Apr 27, 2009 9:45 pm)

Hi paulinca,
 
Thanks for your prompt response. I got into a similar situation as you and bought the Honda Care EW at an outrageous high price $21xx. I am going to return it tomorrow anyway. But according to your post, if I still want to get the EW, I have to buy one within one month. Is that right? BTW, please check my email address and send me more info about the person at spirit honda. Thanks again.

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