Last post on Dec 03, 2013 at 4:29 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
#17741 of 20187 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 20187 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 20187 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 20187 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 20187 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 20187 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
#17747 of 20187 Re: Extended warranties.... [cski]
Mar 13, 2013 (6:50 pm)
I would have bought a service contract on a Jeep too. Guess I was thinking more in terms of a Camry or Accord...
#17748 of 20187 Re: Extended warranties.... [gregg_vw]
Mar 14, 2013 (5:46 am)
Guess I was thinking more in terms of a Camry or Accord...
I tend to agree. I'm not big on service contracts, the odds are usually against the person buying the contract, but the odds certainly change with the vehicle being purchased.
My in-laws bought an extended warranty on their 05 Camry and never used it. Heck it's at 190k miles and the only repair has been a wheel bearing.
OTOH, my dad did not buy an extended warranty on his 09 Accord EX-L v6 and he's had extensive engine problems well after his factory warranty expired and Honda has been covering all his problems while including new loaner vehicles for him to drive. He has 90k miles on it and Honda is going to essentially rebuild the engine free of charge.
#17749 of 20187 EXTENDED WARRANTIES
Mar 14, 2013 (7:32 am)
I agree, it depends on what you buy. When purchasing my 2000 Honda Odessey Hondas and Toyotas had the lowest cost 100,000 mile/7-year extended warranties by far. My 2004 Toyota Prius has 213,000 miles and no problems (no belts, hoses, shocks, TX adjustment, nothing) except rear brakes at 200,000 miles because I forgot to release the emergency brakes. If you buy a Honda or Toyota you probably don't need an extended warranty.
#17750 of 20187 Re: Loving the Accord.... [ivan_99]
Mar 14, 2013 (9:43 am)
I really love the look and features of the new Accord but I'm scared of the transmission in that car. Every time I tell someone I like it a family member or friend talks about how much they spent to get their tranny fixed. How does Honda get away with getting top reliability picks with so many cars having this issue? I get all cars have their problems but when I hear the same issue over and over from multiple sources, red flags start to go up with me.