Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
I called the Finance Mgr and he was unaware they are selling this EXTENDED warranty (7YR / 100K / $0 DED) for anything less then $1200.
Can you email me their name or email address?
MODERATOR /ADMINISTRATOR
Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
Share your vehicle reviews
I definitely want to get an extended warranty for the mini. Besides curryhondacare.com - where else should I look? and what do I need to know to make sure I'm comparing apples to apples - are there "honda approved" extended warranty companies that I should stick with?
As for the Accord, I may want to get the extended warranty there too, but before I can figure out the duration, can someone tell me if these things are generally transferable if I sell the car in 4-5 yrs, but have a 7/100 warranty on it?
Thanks!
Rich
And, Yes. You can transfer a Honda Care plan to another private owner should you sell. You can not transfer the plan if you trade the car in to a dealer...it just goes away in that case.
-D
I bought a private party Volvo with 16,900 miles this past August. Any dealer that quoted a price for the VIP (Volvo Increased Protection) extended warranty also required an inspection of the vehicle (one hour's labor charge)--even though the car was still under the original factory warranty. This requirement, obviously, prevented me from getting quotes from dealerships that were beyond driving distance.
When I had the big tranny issue (I have had mixed stories on coverage of the 02 tranny - they had done the second gear inspection and pump deal earlier) I was in a rental on their nickel for more than the 3 days the warranty called for and in a bigger vehicle because I need 6 seats. So all told I was in on Tuesday, out on Saturday, in the rental that time and never opened my wallet. All the work got done by the dealership that wouldn't budge on the price. At least their service people are good.
Someone led me to Curryhonda.com a few weeks ago and looking over their 5 year/100K $0 and $50 deductible list, Curry charges $55/$65 less for the $0/$50 deductible respectively vs. those posted at Jayhondacare at the 1 year out time frame. That is with the $90 coupon they send you via E-Mail in order to see their pricing and for an Accord w/ less then 1 year on it.
At the 2 year + mark, Curry was lower by $5 on the $0/$50 deductible.
At the 3 year + mark, JayHondaCare was lower by $45/$55 respectively on the $0/$50 deductible.
5 Year/100,000 - 1 year/2 year/3 year
Curry
$50 deductible: $735/$795/$915
$0 deductible: $810/$860/$970
JayHondaCare
$50 deductible: $800/$800/$860
$0 deductible: $865/$865/$925
I hope this helps and I really hope I didn’t screw up the third grade math ;-)
Good Luck
Wayne R. Gerdes
-Bud
At the following: http://www.curryhondacare.com/
Good Luck
Wayne R. Gerdes
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I didn't purchase the EW on my 2000 Accord, and now have 62,000 miles with no repairs. I'm a little more worried about the Pilot with the AWD mechanism, it's a more complicated vehicle. Also, the EXL has alot more power equipment than the Accord did.
Norm
What's a HO? Honda I assume? Honda care is sold for vehicles under 24,000 miles. After that the price skyrockets. The 2001 V6 auto's are covered by Honda up to 100K miles, not sure about 2003, call Honda corporate to find out.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Since I have a 2005 Odyssey with Res/Navi I'm starting to think it might not be a bad idea to purchase one of these warranties.
Usually, they aren't worth the hassle and expense.. I would avoid them... and the potholes!!
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Even disregarding that.. your characterization of a car purchase placing self over country is just that.. a characterization.. that doesn't make it so... and if it were so.. how does previous trouble with a domestic car factor in? Because your Chevy blew a headgasket, it is okay to place yourself above country? Sounds like a rationalization to me...
That really doesn't have anything to do with the decision to purchase an extended warranty.. that is a financial decision..
Shhhewwwwwwww
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
1) Your decision to buy a Honda means you have placed self over country....
AND
2) Every time you buy an extended warranty, you have flushed your money down a toilet. (and, this only applies if the car has a Japanese nameplate?).
Thanks for stopping by..
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
ABS brains, throttle modules, power door motors, airbags, and traction control systems all have substantial repair costs. Japanese or not, when they break, they are expensive to repair.
Perhaps THAT logic is too complex....
I see your logic, somewhat. I would not buy extended warranty, because I bought a Honda.
First you need to define for your self what is "Domestic" and what is "Foregn?"
Is a US engineered (CA), US built (OH) Honda a domestic or foregn?
Is US engineered (MI) Mexico built, out of China made parts GM a domestic?
In my eyes Honda provides numerous jobs here for engineeres and assembly line people. While GM/Ford/Crysler only provide jobs for CEO's, CFO's, and other executives, who reap the benefits of having cheaper, lower quality labor across the border assemble substandard product.
Toyota's sold in US are engineered and built in US, that makes them Domestic.
Crysler Crossfire is built in Austria out of German parts - that makes it foreign.
Chevy Equinox is built in Canada out of China made components - that makes it foreign.
I can go on and on....
I'm sure you can, but please don't.
We're not doing the domestic v import argument here, and I'd rather stick hot needles in my eyes than go through another round in the "Just what IS a domestic vehicle?" debate. The archives are filled with the casualties of this war, if you've got a morbid fascination.
Stick to Honda extended warranties and drop the politics and other nonsense.
MODERATOR /ADMINISTRATOR
Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
Share your vehicle reviews
You know what they say, Ignorance is bliss.
MODERATOR /ADMINISTRATOR
Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
Share your vehicle reviews
But, as kyfdx said, it's a financial decision. In my case, I know that I can shoulder any unexpected repair bills. In a sense, I'm buying the extended warranty from myself. But, with Honda's reliability, chances are that I'll come out ahead at the end.
However, if an unexpected repair bill could be a burden to your budget, it makes sense to purchase the extended warranty. Compared to the leasing crowd, you are probably saving several hundred bucks for each additional month you keep your car. All you need to do is to drive the car for a few more months (before you buy your next new car) to recoup the cost of the extended warranty.
The answer is NO!
The cost of an extended warranty takes into account the cost of repair and the reliability of the vehicle.
Honda doesn't lose money on extended warranties!
But if you want piece of mind then buy one. But be sure you take into account the time value of money. How much would you have for repairs if you take you intial warranty cost and invest it in a risk-free ( or low risk) interest bearing account.
MidCow
Many people don't have the discipline to keep driving a car, once it has repair costs.. If by buying a warranty, you drive the car for five to seven years, rather than 3-4, you are way ahead..
No insurance company sells a product to lose money.. but, still... we insure ourselves against losses every day..
That said, I'm not recommending the extended warranty.. But, if you are going to get one, Hondacare is the only way to go...
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Both are excellent points.: forced savings and extended car life.
Well tomorrow night or Friday I am picking up my new 2005 6-speed black Accord Coupe with NAV.
I would like to add a more throaty exhaust. I like Greddy except for the HUGE exhuast tip size. Any siggestions?
Oh buy the wat I am not getting the extended warranty. Also, declinded during financing some kind of platiunum extend warranty package ( cost about $40 /month) that provide car pay off life insurance, extension of warranty to 60 months 75,000 miles, towing, car rental and replacement cost difference.
Thanks,
MidCow
I think Hyundai HAS to provide an extended basic warranty or many people won't take a second look at their cars. US carmakers often offer longer basic warranty periods than Japenese cars for the same reason. Now, look at extended warranties. For me, it is a basic price/cost equation. It's like getting bodywork on your car after a minor fender bender. Just a few dings and some dents can cost $1,500 to repair. How much does it cost to repair a malfunctioning power side door on a minivan? DVD? Navi? Power seat? Even if you have a Honda for 7 years and only one significant thing ever goes wrong, odds are that one thing will cost more than $1,000. If a 7 year/75K extended warranty costs $795, then it is a good price/cost value. It also might be a dealmaker if you sell the van (HondaCare is transferable once).
I'm not saying EW's are for everyone, and I wouldn't buy one for new Civic either. But I bought one for my '04 Sienna, and paid $775 for Toyota's 7yr/100K/zero coverage. Considering my van is AWD, has three power door motors, and is the first year of production, I hardly think this is a sucker's bet. Odds are I'll at least break even in the next 100,000 miles.
Nonetheless, apparently it makes you feel better by purchasing the extended warranty. I would say it's a good decision for you.
Obviously, insurance companies are in business to make money. You have a firm grasp of the obvious.
I was just trying to point out that statistically the odds are against people buying extended warranties. But it doesn't mean that it's a bad idea to buy extended warranties. It's simply a decision everyone has to make for himself.
Also, I didn't keep track of the prices of extended warranties. But apparently you got an excellent deal on that. Congratulations!
My point was that you are already paying a premium when you buy a Honda, relative to a Hyundai, Chevy, Ford or (insert whatever other car here besides Toyota). As a consumer, you should demand that Honda give you the best warranty (for example, Hyundai's 5 year warranty) or the extended warranty WITH the negotiated purchase price. Otherwise, it is the equivalent of having your pocket "double-dipped". As long as you (the consumer) are willing to pay a premium for the car and then pay again for the extended warranty, Honda will always be glad to accept your money. Maybe I should get some stock in Honda, it looks like American consumers really like to spend.
Honda could make an extended warranty standard on its vehicles - and adjust prices accordingly. Instead, it is optional so consumers can decide if it is worthwhile.
I bought an Odyssey Touring R&N tonight. It is a tremendously complex vehicle. The parts price for a replacement navigation system is $4800. If ANY of this stuff breaks, it will cost alot to fix. Now, I don't know why the extended warranty for it is priced the same as for a base Odyssey but it does. And I will buy it and think it is a bargain.
Many people don't have the discipline to keep driving a car, once it has repair costs.. If by buying a warranty, you drive the car for five to seven years, rather than 3-4, you are way ahead..
No insurance company sells a product to lose money.. but, still... we insure ourselves against losses every day..
That said, I'm not recommending the extended warranty.. But, if you are going to get one, Hondacare is the only way to go...
regards,
kyfdx
I agree, there are tons of people who roll over $5000 in negative equity into a new car, rather than paying $500 for new tires for their 2 year old ride. There is no logic.
I can sort of see your point, john500, though I don't know if I agree with you on some assumptions. You seem to be saying that you pay a premium for the RELIABILITY of a Honda. What if I say I paid a premium for the FEATURES and HANDLING and STYLING and SAFETY of the Honda? I could have saved maybe $5K and bought a Hyndai or $3K and bought a T&C, but I didn't like some combination of their features/handling/style/safety. The reliability is just a freebie, and while statistics say that Honda is more reliable, given all the complex stuff on this new model, it would not surprise me if something breaks within seven years. In that case, I paid a good price for an extended warranty. So I in effect negotiated TWO very good deals ... a good price on an Ody and a great price on an extended warranty. And to top it off, it gives me peace of mind.