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Honda Extended Warranties Pricing and Info

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Comments

  • dwynnedwynne Posts: 4,018
    I don't think I would. Hondas are reliable cars and you should be fine. But I usually buy genuine Honda Care "just in case" and probably will for the new Accord and the new S2000. I would not pay any money for a 3rd party warranty on a Honda - there are just way too many horror stories about the companies not paying and going out of business to make me trust them with the money.

    Dennis
  • ezshift5ezshift5 West coastPosts: 853
    ..brother to Dennis' #529 guidelines.......

    ..consider HC EW online...7year/100k for about half my dealer's price.....

    ..all the best, ez

    2005 Accord EX V-6 Coupe 6MT.........odo 945........(superceding - by a sizeable margin - a 2000 Solara V-6 5MT)

    :D
  • My N. California dealer offered me 7/100/0 Honda Care for ~$1100 on a 2005 Accord Hybrid, or for $1770 the same coverage but with 100% money back. As I understand it, I could cancel:

    1) in 60 days for a full refund (as ever)
    2) between 60 days and 7 years for a prorated refund
    or keep it, and get 100% money back after 7 years if unused.

    Is this different from the internet deals on Honda Care? Have others heard of this? Do you think this is worth it, especially for the newer, unproven, and potentially costly-to-fix Hybrids?

    What would you do?

    Thanks for the great advice on these threads,
    R
  • blaneblane Posts: 2,017
    Don't be in a rush. You have three years to shop prices before making a purchase decision.
  • dwynnedwynne Posts: 4,018
    As far as I know the money back deal would NOT be a Honda Care plan - so I would stay away from it if I were you. Sounds like they just way over charge you up front and hope you will need at least ONE thing (no matter how small) during the warranty period so they keep all your money. Of course, they also hope you might forget 7 years from now to ask for the money back :)

    As blane said, you can buy a Honda Care package from a discount Internet dealer any time from now until your car as 42k on it (or is 42 months old) so no rush. If you do buy after 24/24k there is a $60 extra fee which rises to $160 after 36/36k so right at 24/24k seems to be the "best" time to buy.

    Unless you are getting a smoking deal on the 05, I would wait for an 06 hybrid. There are coming with a moonroof, new rear design, and a longer warranty. I have not confirmed this, but it was posted by someone in the hybrid forum and they got the info from the 2006 info.

    Dennis
  • Thanks Dennis. I'll double-check on the coverage again. I am pretty sure it is Honda Care, and that the dealer themselves offers the money back part. As I think it through, I think you're right, it loses it's value when I first get a repair done, effectively making that first repair expensive, or motivating me not to claim under the warranty at all.

    As for the 2006's, I have fretted about that for many weeks, and done tons on research here and at http://www.vtec.net/ -- thanks everyone for the awesome resources. In a perfect world, I probably would wait for an '06 - they do look marginally nicer, although I am not bothered about the moonroof, and the performance stats are not out yet. But I have heard the 06 Hybrid won't be out until closer to Dec than Sept, and then might command a significantly higher price than the 2005's on close-out. And above all, my current car is having problems, and for family reasons I cannot wait for the 2006's. So it's an 05 for me this time. The only question is warranty or not.

    Thanks
    R
  • dwynnedwynne Posts: 4,018
    Gotcha. If you check at the high volume, deep discount dealers (and also fleabay ads) you can see hybrids going for cheap. Often on flebay the auctions were ending without being sold.

    So by all means - don't overpay now - I would say close to invoice would be a good price.

    The hybrid stuff is covered 8/80k but the rest of the car is just 3/36k. For peace of mind, I would get the HondaCare deal - but wait until just under 24/24k to get it. hondacuraworld.com is selling the 7yr/100k/$0 HondaCare for $900 and there are other online places, but this seems to be the best deal TODAY.

    The only other caution - most everyone will not get anywhere close to EPA mileage numbers on the Accord hybrid. You WILL get the quickest Accord sedan that also returns mileage the same or a little better than the I4 Sedan. To me that is a nice combination, but may not be worth the Hybrid premium price for most folks. Now the more sitting you do in traffic the more you save in the hybrid, but for a normal commute it would probably take you 250k miles or more to make back in gas all the extra money the hybrid costs over the I4.

    Unless you want/need to finance the warranty I would just wait and get your HondaCare later from a discount dealer. You will get it for less and if your car is stolen, totalled, or traded you will get a good bit more of your purchase price back if you wait.

    Dennis
  • jgj2010jgj2010 Posts: 2
    Any help appreciated
  • blaneblane Posts: 2,017
    jgj2010

    Buy the warranty on line. There are many links above to Curry, College Hills, Jayhondacare, Hondaacuraworld, Griffithhondacare, etc. Just don't be in a rush. You can wait up to three years to purchase it.
  • kyfdxkyfdx Posts: 27,613
    You can't buy the warranty out of state, if you live in FL..

    Sorry for the bad news..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • dwynnedwynne Posts: 4,018
    Yep, same is true for Honda Care for motorcycles - and all other extended warranties. The Florida legislature made it illegal to discount warranties in the state. I ASSUME this is supposed to somehow protect the massive amount of old folks in FL from fraud, but I don't see how - and it means FL consumers just have to pay more.

    Dennis
  • I bought my car in Dec and I have over 15,000 miles on the car. My warranty is good for 3yr or 36,000. Wanted to know what is a good deal for extended warranties in Va.

    Andrea
  • drc8404drc8404 Posts: 4
    Greetings: I just purchased the 05 accord and the dealer is giving me 48hrs to decide whether or not to purchase the extended warranty. His terms are 6 years, or 100,000 miles for $789.00. The plan is called the Millennium automotive protection plan. We usually put at least 100,000 miles on our cars before we trade them in. The 99 accord we traded yesterday had 103,500. The dealer says since we usually keep the car so long this extended warranty is a good deal since this car has so many "electric componets". Are other new accord buyers purchasing exteneded warrantys? Is this a good price, or a rip off? thanks in advance for any advice.
    Drc8404
  • nortsr1nortsr1 Posts: 1,060
    He is "GIVING YOU 48 HOURS" to make up your mind. Tell him to take a hike. I suggest you read the previous 540 posts (it won't take very long) and give yourself an education on the warranties. First of all, only get the factory HONDA warranty for about the same amount of money (as you will find out how and where) if you read the 540 posts!!!!
  • ezshift5ezshift5 West coastPosts: 853
    ...agree w/(s)nort.......

    ..you can currently pick up (as I intend to do) a HC EW (Honda Corp's own product) online for about the same price.........6/100,000 50 Deductible.....

    ...www.jayhondacare.com

    ..I understand the price will change after 1 September (excuse the mil style)

    ..all the best, ez.....

    .....
  • I just received an email from Curry Honda in MA about Honda announcing changes to it's Honda Care plans, which will go into effect on September 1st. It says if your Honda has more than 6,000 miles you will be paying more for the same coverage and current deductibles will be increased to $100. Can anyone verify this is true??

    Thanks
  • kyfdxkyfdx Posts: 27,613
    I haven't checked into it.... But, I would assume it is so... Curry has a pretty good reputation as being straightforward with their internet warranty program..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • dwynnedwynne Posts: 4,018
    You can look through the message here for links to discount HondaCare dealers like Curry, HondAcuraWord, CollegeHills, etc.

    Dennis
  • dwynnedwynne Posts: 4,018
    From the Curry page:

    Alert!! Honda is revamping all Honda Care plans effective September 1st, 2005.

    If your Honda is a 2003 or older or has more than 6,000 miles you may be paying about the same for Honda Care, but you will only qualify for a $100 deductible. $0 and $50 deductible plans will not be available to you.

    Vehicles with over 36,000 miles or are over 36 months old will no longer be eligible.

    If your Honda is a 2004 or newer and has less than 6,000 miles you can wait until next month to purchase.

    Longer term plans may be available to you in September, but eligibility will be limited.


    Sounds like non-new (0 mile) Hondas can only get the $100 deductible plan after 9/1. I would assume the cars newer than that could get $0 or $50 still (if available). No news on prices, but they seldom go DOWN - do they....

    I normally recommend waiting until just before 24 month or 24k miles, but with this new info I would say unless you are under 6k you should go ahead. The 2006 cars have a longer powertrain warranty and the HondaCare plans will be available up to 8 years for those. I will try to confirm this or get more info from another source.

    Dennis
  • spyderredspyderred Posts: 137
    I received the same e-mail from Curry Honda. So I called a Honda dealership to verify some of the info listed in the e-mail. Here is what they told me.

    If you have a 2004 or 2005 and your car has less than 6,000 miles you will be eligible to buy an extended warranty up to 8 years or 120,000 miles. The price has not been released yet for the 8/120.

    This only qualifies for the 2004 and 2005 model years and if the vehicle has less than 6,000 miles.

    You heard it (read it) here First. Only on EDMUNDS.

    Spyderred.
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