Last post on Dec 05, 2013 at 12:32 PM
You are in the Sedans
What is this discussion about?
Hyundai Sonata, Toyota Camry, Honda Accord, Nissan Altima, Volkswagen Passat, Mazda MAZDA6, Ford Fusion, Chevrolet Malibu, Kia Optima, Car Comparisons, Sedan
#17737 of 20190 Re: Loving the Accord.... [nyccarguy]
Mar 12, 2013 (8:30 am)
You might be right!
I got an 8 year extended warranty on my 2002 Accord and never used it during the 8 full years I owned the car.
I got an 8 year Hondacare on my 2008, and I haven't used that one either. They did fix some things (squeaky brake pads replaced free, etc.) under the regular warranty, but I have yet to use the extended for anything.
But for the 2013 there is so much new technology that I want the peace of mind of the extended warranty.
To list a few things, they have the new EarthDreams (silly name!) engine with direct injection, and then the all-new CVT, and then the cameras, touch screen, new HD navi, etc.
You may be right, nycarguy, that I'm wasting my money, but for $960 it's worth it to me not to worry about my new Honda for the next 8 years....+++
#17738 of 20190 Re: Loving the Accord.... [benjaminh]
Mar 12, 2013 (10:33 am)
I think other people have a hard time understanding how you could agree with both that Honda has made better cars, and seems higher quality, and still think you need an 8 year warranty that will never be used.
The Honda probably generally costs a bit more than the Kia or Hyundai equivalent, but the idea is that you never have to use the warranty, whereas with the Korean makes you might be having a lot of warranty visits in that 100K mile warranty.
You pay a bit extra for the Honda quality, but you make it up in having no hassles or problems or costs in keeping it running (maintenance excluded of course).
To me, it would make more sense to buy a lesser brand and then get the extra 8 year warranty for peace of mind.
#17739 of 20190 Re: Loving the Accord.... [andres3]
Mar 12, 2013 (10:54 am)
You pay a bit extra for the Honda quality, but you make it up in having no hassles or problems or costs in keeping it running (maintenance excluded of course)......
I think honda does build quality cars, but they have their issues too. Ask a honda owner who was part of one of the class action suits over transmissions or the class action suit over premature brake wear or the current class action suit on the excess oil consumption on the 6 cyl VCM. With first time direct inject and the first use of cvt in the accord 4 cyl (first use of 6 speed auto in 6 cyl accord) I think investing in the extra warranty may be a very wise move.
#17740 of 20190 Re: Loving the Accord.... [andres3]
Mar 12, 2013 (10:54 am)
I agree...$1,000 for an extra 3 years 40k miles seems expensive; especially if you "believe" in the manufacturer.
If the $'s are lying around doing nothing I'd feel more comfortable putting the $1k in a 5 year CD; ok....1.5% to maybe 2% isn't that great either, but at least you still have the funds to repair any problems (other than catastrophic fixes).
I must say I personally don't "believe" in any of the manufacturers...I've seen people at my office take their 10 year old F150 to 330k miles (basic maintenance and repair) and I've seen the early Honda Odyssey problems hit people multiple times. I've had a new Audi that was more reliable than a new Honda...
But I'm on my 3rd Honda now (in a long list of cars)...I have no love or hate for them. All cars cost a lot, depreciate a lot, always have something that is 'needed'; large or small...and nobody will give you want you want when its time to sell
I'd rather have $1k than spend it on 'what if'...but I suppose it's like any insurance...peace of mind (I could go on all day about medical health premiums)
#17741 of 20190 Re: Loving the Accord.... [nyccarguy]
Mar 12, 2013 (11:56 am)
"... I personally don't believe it's necessary to purchase an extended warranty for a Honda, especially a 4cyl Accord. ..."
I purchased an extended warranty back when we bought my wife's 2002 Civic. It has paid for itself. We had a couple of electronic modules go bad, and something or other else I can't recall right now.
In general it may not be used, but I always want to have full repair coverage for the life of the loan.
#17742 of 20190 Re: Toyota Camry SE v Mazda6 GT v Honda Accord Sport [benjaminh]
Mar 12, 2013 (12:23 pm)
MT stated plainly in the article that the checklist they used to eveluate the cars contained none of the extra equipment they got on the Mazda so it wasn't given "extra points". The drivetrains, suspension, steering etc which was really what was being evaluated is the same on all trims of the Mazda. MT takes what it gets from the manufacturers to use for comparisions.
#17743 of 20190 Extended warranties....
Mar 13, 2013 (7:26 am)
When I bought my car last year I weighed in all the pros and cons of the extended warranty; which included past experiences with repairs.
Just an engine computer can cost upwards of $1500, and under many "powertrain" warranties are not covered, even though they control the powertrain. One repair on my last car involved replacing both the ECU and the BCU for a whopping $2200. It was covered under ext warr.
I spent $950 on my new cars' extended warranty (2012 Optima EX), and I look at it this way...
My car will be paid for in 5 years. Based on my current mileage, I will still have 5 more years and 40 k covered under the extended bump 2 bump warranty after it's paid for!! Also by then, I will have a new teen driver, who knows nothing about cars. Free roadside assistance, towing, and b-2-b coverage will comfort me every time she takes the car out. If I decide to sell it, it adds a lot of value to the new owner, and puts me in an improved negotiating position. (I have NEVER traded a car in. I always sell outright)
So, how much is peace of mind worth? It is all about managing risk, and for $950 bucks, it takes a heck of a lot of risk out of the equation. Works for me, but not for everybody. To each his own.
#17744 of 20190 Re: Extended warranties.... [cski]
Mar 13, 2013 (8:49 am)
One repair on my last car involved replacing both the ECU and the BCU for a whopping $2200. It was covered under ext warr.
What was your last car?
#17745 of 20190 Re: Extended warranties.... [cski]
Mar 13, 2013 (12:00 pm)
Yes, to each his or her own. Most advice you see these days is to pass on the extended warranty. For most people, it is generally not worth it, especially given how reliable most cars have become. But if adding $1000 - 1500 to the price of the car isn't a big deal to you, and you like the thought of that extra dose of security, then by all means. Most people will not have unexpected $2200 repairs on every car they buy, so even if you are unlucky enough to have it happen on every other one, you would still be better off putting the money in the bank, or at least breaking even. But when you buy the insurance, that money is gone. In other words, you have already paid for a $1000 repair whether or not you ever need it. I have owned nearly 30 vehicles, and the only time I bought an extended warranty, I never used it.
#17746 of 20190 Re: Extended warranties.... [gregg_vw]
Mar 13, 2013 (5:10 pm)
Grand Cherokee Laredo V8. Had 3 young kids with car seats...so it was that or banished to a minivan. The Jeep drove fantastic.....I still miss it's AWD with mostly rear drive bias, and the view out of the back was fantastic.
I bought a service contract on it and saved $7,700 in repairs, plus the contract amount of $1,200 was re-couped.
It's Electronics were s***. Transmission too. Great cross country driver though. Took it to Buffalo like 10 times. Never left me stranded. 15 MPG