Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
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
"You should be able to get a prorated cancellation refund based either on miles driven or time elapsed. Typically, there would be a cancellation fee deducted from a refund. "
I am not aware of a cancellation fee but I stand willing to be corrected if I haven't read my contract thoroughly. I shall go back and review. There is a $50 transfer fee if you transfer to another buyer ( one time option) but other than that my understanding is that it is all prorated.
Let us know what you find out.
tidester, host
SUVs and Smart Shopper
I think there is a $25 processing fee for canceling the Honda Care after 60 days. I found it in section V.B. of this sample contract:
http://www.hondacareextendedwarranty.com/contract.php
"I think there is a $25 processing fee for canceling the Honda Care after 60 days. I found it in section V.B. of this sample contract "
Thank you sir, I appreciate factual data. Kudos on contributing to the benefit of those who purchase this product. To those that don't, no problem either but factual data as well please.
"I just purchased an 06 civic. I very stupidly just realized that the original sale date of the car to the original owner was 10/05. So, it's actually past the 3 year in-service date to make it eligible to purchase a Honda care warranty. My question is, if I just claim I don't know the vehicle in-service date, can I get away with buying a Honda care warranty? If I didn't have the Carfax report, I don't think I'd have any way of knowing. Is there any chance I'd get away with just checking the "less than 3 years" box? Or, will any dealer I'm buying the warranty from have those records? Or, will any dealer I'm getting the car serviced at have the same records?"
I suspect the latter and that the vin# will be your undoing. There's always Warranty Direct although the latter's plan is inferior to HCEW.
I bought a HC 6year/80k for my Accord 3.5 years back. Never used it. I'm at 60k now - - - paid Ray Laks about $585 online (I'm in CA) for it. What sort of rebate (how much) are we looking at here?
Season's best. ez....
My understanding is that you can get the refund on the lesser amount between prorated miles and prorated time. In your case, the mileage refund would be (20/80) × $585 = $146.25 versus the time refund (2.5/6) × $585 = $243.75.
tidester, host
SUVs and Smart Shopper
Any thoughts/suggestions appreciated.
No, when the car is first purchased from a Honda dealer, the in-service date is placed into the Honda database. This is the reason that you can take the car in for repairs to any Honda dealer and they can see from their computer if your car is under factory warranty or not.
So when they would try to process your Honda Care request with that VIN number it would immediately be flagged.
What company is providing the extended warranty? Since the vehicle has so many miles on it, I think you may have trouble finding a better price. Honda Care doesn't even sell extended coverage if the vehicle is older than 3 years or has more than 36,000 miles.
Well, I knew Honda Care could be transferred from the original purchaser to a used car buyer. But I didn't know that a dealer could sell the balance of a 7 year, 100,000 mile Honda Care to someone buying a certified used Honda. That's a new one for me.
If they were able to do that, make sure you get all of your paperwork from Honda Care. And even though it sounds costly, I don't think you're going to get any coverage for less money because the vehicle has so many miles on it already---there's a higher probability that something could go wrong.
They will cover the car for an additional 80,000 miles or additional 5 years and want $2,675.
That gives me coverage up to nearly 160,000 miles.
I haven't done much research yet, although, Honda Warranty won't cover me as I'm over 36,000 miles.
Any thoughts on whether or not this sounds like a reasonable deal?
Thanks very much and Merry Christmas!!
--bob
My personal advice would be to either stick with Honda Care or self-insure.
My advice is save your money so you can pay for any major repair yourself.
I wish I had discovered this forum sooner. It appears that 72mos/102k is now the best I can do. Some of the dealers like Saccucci and Bernardi will quote prices for an extended warranty for the van, but are these bumper-to-bumper Honda Care warranties? Does anyone have any suggestions?
"I was planning to purchase an extended warranty for my new 2008 Odyssey, but I was hesitant to purchase one because of how much my local dealer was charging ($2073 for 84mos/120k). I thought I would just take care of it after Christmas. Unfortunately, we went on a trip and drove about 1,000 miles. The van now has about 6,400 miles on it. Does this mean that I can no longer purchase a new Honda Care warranty? "
Can we hear a howl ? Please. You are in luck.
HCOA considers new to be 8,000 or less. You were wise to ignore the exorbitant prices of your dealer, but still may purchase from any of your online alternatives. Post back and we'll supply. So you can purchase a new HC extended warranty and get new care pricing.
The only complication will come from if you reside in the " we've got big electoral college votes states of FL or CA " In their wisdom, they have decided that such divination should only occurr from state designed AAL. Apologies to the legitimate AAL. If you are not, you can go online and get a real deal. If not then you are screwed, thinking scooby doo untranslatable.
But there are remedial alternatives so do not remorse.
Jim
My greatest kudos on working within the system. 10 % for those [non-permissible content removed] err kindly California dealerships to follow the national norm. But congratulations on getting them to match the best price. You are my hero. The rest of us in the lower 46 have done our best and you have overcome , In the land of milk and honey ! You got a great deal .My congratulations.
"does anyone no if this is the time to buy or wait until after 1/5/09? we can get at 2009 EX for 18,625 excludes tax license etc, for 3.9% x 60 months, or should we wait a week or two and see what the interest rates are? "
Wrong forum sir. You want either prices paid or new lease rates. But since you need 3.9% or less I'd say you don't need a car. Drive that Yugo to the ground.
Jim
I apparently researched every aspect of the process except extended warranties. I was going to not get one, but in a moment of weakness I got one at the dealer without really knowing what I was doing.
I bought a 6 year/72,000 mile warrant through Fidelity Warranty Services. I didn't realize that this wasn't a factory one, or what the difference was. I did get the price knocked down a few hundred and paid $1100 for it. Supposedly, if I don't use it I get the amount I paid for it back.
My 60 days to turn in this warranty is up in the next couple of days. I am currently planning on keeping this vehicle for quite a while (certainly past the warranty) and there is a chance that I may get to 72K in under 6 years.
Should I turn this warranty back in? Are they going to honor me getting my money back in 72K? Is it going to be hassle?
Should I instead buy a Honda Care, even if I don't get my money back?
Help...please!
Thanks,
Jim
I live in Indiana with 4,900 miles in an Accord 09 and the dealer asks close to 3000 for 7 year/120,000 warranty.
Thanks! JOR
The Sandman
however, also looking at the possibility of keeping this car, asked for prices on an extended warranty. for 8yr/120k, they wanted 1900 (plus tax). Looking at the dealers prices posted before, it would be just under $1k for the same price, and even with the price increase (since the deal won't be settled until later in the week) it would be much better. Also, afaik, they won't collect sales tax...
Just got of the phone with Hyannis regarding Honda Care plans after today. The prices did not change and they'll be updating the web site to allow new plan purchases.
The other two dealers are charging the exact same (except one offering a coupon for accessories and the other one a 1 year payment plan).
Should I turn this warranty back in? Are they going to honor me getting my money back in 72K? Is it going to be hassle?
It may be a hassle, but you should definitely turn it back in. You have plenty of time to buy a Honda Care with much better coverage and at a lower price if you want. But there's no advantage to keeping that Fidelity at that rate.
Just go back to the dealer, fill out the forms, jump through the hoops and get your full refund.
Vehicles are defined as "New" if their mileage is less than 6,000 and their model year is 2008 or newer. All other vehicles are defined as "Used".
If you enter less than 6k miles, you can buy up to 96/120k if it's over 6k, you can only buy up to 72/84k
That was the difference that I could see.
If you enter less than 6k miles, you can buy up to 96/120k if it's over 6k, you can only buy up to 72/84k
That was the difference that I could see.
There is another difference that is not so obvious. When you buy a Honda Care when the car has less than 6k miles, the mileage & time begins from the date when the car was put into service.
However, when you purchase a Honda Care after 6,000 miles, the mileage & time begins at the time of the Honda Care purchase. So in your example, above of the 72 month, 84k, that would be in addition to whatever time and mileage the car currently has.
Here is the reference from Saccucci's website stating this:
When does coverage for service contracts begin?
Coverage for a new auto begins when the vehicle is originally put into service and at zero miles. Coverage for a pre-owned plan(vehicles over 6,000 miles) begins on the service contract purchase date, and at the mileage on the odometer on that date.
http://www.myhondawarranty.com/faq.php
On APCO's site (the administrator, easycare.com) they talk about the used policies by saying that it's possible because the dealer agrees to inspect and certify the vehicle is applicable to the extended warranty. It seems to me that if you bought it new 3 years ago, it might be hard to get that warranty setup.
Regardless, the price is not significantly different even if you factor in interest for 3 years on the price. It would be different though if you sold it shortly after the 3rd year as far as how much you get back prorated.
What you stated is completely untrue. The key word is not "pre-owned" but the key phrase is "pre-owned plan" which is the phrase that Saccuccui used in their website. It defined what a pre-owned plan was "(vehicles over 6,000 miles)". There was no designation made that the vehicle needed to be re-sold to qualify for that plan. "Pre-owned plan" is just the phrase that Honda Care uses to refer to plans they sell for vehicles that are higher than 6,000 miles. Granted it's probably a confusing phrase.
Note that you did not post any link or reference to back up your claim that the coverage would go back to whatever odometer reading the vehicle had when it was sold (whether new or used) nor will you be able to because what you said is completely false information.
But you're assuming that they offer a 72m/84k warranty for a vehicle just shy of 36m/36k, and that's not the case.
Just go to myhondawarranty.com, enter a 2006 vehicle with 35,000 miles and you'll see that the longest warranty you can get is now 60m/60k. Added to the factory warranty, that is less than the total amount of coverage you could've gotten if you had purchased one of the pre-6,000 mile plans.
Thanks,
mkielm
Looks like the best price i found was $1195 8yrs/120K./0 from hondacareextendedwarranty.com. I plan on holding on the Ody long term.
I paid upfront with one of the dealers online after I had purchased the vehicles, so I did not have it financed.
You probably should cancel the plan within the first 60 days and then buy it for the $1,195 with the extra 2 years and 40,000 miles of coverage for the same price. After all, it's in the later time period where there is a higher risk of something going wrong with the vehicle.
Cost $ 780 for 7 years, 80,000 miles (more than I need). Zero deductible.
2008 Honda Ridgeline. Purchased Nov 2008.