I called within 24 hours and cancelled the Hendricks warranty. Could they really not redo the paperwork? Also will that take off the interest rate for the $1530 I paid and the tax? how can I be sure they take the interest off if they do? Thanks Kim
No names of salespeople permitted - please just give the dealership name, city & state!
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I'm looking at Elements and CRVs and had considered not buying the warranty, two issues. I had a Honda Civic Wagon for 20 years, I didn't have major problems with the car until after 10 years. The problems were very likely caused by a series of bad mechanics. The reason I wasn't going to Honda anymore for service was that their service had become so bad and when there were repair expenses with the car we would argue about whether the problem was under warranty. The clutch developed a very loud squeak (1 1/2 yrs), Honda told me that, while it was under warranty, it would not be worth the cost to them to replace the squeaking part (they did, eventually). They damaged the part (name?) that connects to the spark plugs, a mechanical friend told me they (H's repair)had pushed it back and forth while removing it from the plug, stretching it out so it wouldn't stay on the plug. It would fall off while I was driving and I'd have a tremendous loss of power. My Honda repair people told me, "It's an older car, it's typical for it to lose power" (6 at the time, problem developed immediately after tune up). They replaced it after a lot of argument and at my service six months later charge me for the part saying it was "usual wear" Having a warranty is one thing, having it be worth anything is something else. I had really planned to not buy Honda again but the rats have two cars I really like...darn. Get the white sage out....
I bought D80 ( 8yr,100k) for $1185 before tax in North NJ. The dealer showed me the invoice price ( $1149), which I hope is true. How the selling warranty will work for dealers?. Can they make any other profit ( kick back from honda), apart from the above margin from the invoice prices?. The reason, I am asking was, when I showed him the online price quote, he took a look at it and with in few minutes he was ready to match the price. I was surprised, because in his original price sheet, D80 was quoted as $2800.
PISTONHONDA, I haven't been on the boards for a few weeks so I just saw your post now ... Congratulations for such a deal...but could you answer some of my questions as I put off buying the hondacare EW when we bought our Pilot. So to reiterate, you got the "Honda Care Extended Warranty" and not some other offerings they usually have besides the Honda Care?YES I got the "Honda CARE" WarrantyThis is the official EW by Honda right?They gave it to you for $979?It looks official to me. Total price charged to my CC was $979Did you get your paperwork in the mail already? Did it match what you asked for? Plz give info coz I just wanted to make sure when we buy ours.I received my Honda CARE Service Contract in the mail as promised. The Identification Page shows has all the pertinent info on the warranty I purchased -- Contract Holder (me), Contract No, Issuing Dealer (Bernardi Honda), Contract Effective and Expiration Dates, Expiration Mileage (120,000), Deductible ($0.00), Purchase Price ($979), VIN #, Make/Model/Year (Honda Accord 2006 SE)Second 8yr/120Kmileage/0deduc ? this right? See aboveAnd lastly, exactly what type of warranty did you ask from them since you state you explained to them what you wanted,There is only one type of Honda CARE Warranty as far as I know. The only thing that varies on the warranty is the specific coverage you want (ie 8yrs, 120K, 0 deductible)oh and exactly which Honda vehicle do you have because I can't tell fromt the SE you state?2006 Honda Accord SE 4cyl w/less than 5K mileageI was quoted almost twice of what you got it for when we bought the car. This EW is one the more important things that we put off because we felt it cost a little too much. Hope you can help with the info we need. Wish we were given the same deal as you. You're so lucky, again congratulations on the best deal for the EW I've seen so far.Thank you If you want another source to compare to Bernardi, try www.hondacuraworld.com Their quote was 975.00 plus 3.95 handling charge per order. I guess I could have saved 5 more cents if I had gone with them instead of Bernardi!!Good luck!
I looked at the prices on www.hondaacuraworld.com --
For an Odyssey with up to 6,000 miles on the odometer:
8yr/120k/0 : $1,330 8yr/120k/100: $1,230
So, you pay 100 extra for the zero deductible, but then don't have to pay the deductible if you have a claim... it's break even with one claim, and you come out "ahead" on the zero deductible with more than one claim... hope this helps !
Honda has a reputation for reliability, and this is one of the main reasons many people purchase Honda. Honda has a LONG track record of lasting 100K+ miles with no problems.
Of the people here who have purchased EW's...
How do you justify spending $1000 - $1400 on such a warranty? The chances of having even a single EW claim is small. And you will almost certainly not have enough EW claims to cover what you original paid for the warranty.
Instead of spending $1200 on an Extended Warranty, why not save that money? If you invest $1200 at 5% interest (easily done with CDs) for 6 years, you would have $1,619!!!
The purchase of an EW makes sense only if you plan to submit $1600 worth of claims during the EW period. If you surveyed Honda owners, I bet VERY FEW have come close to spending that much $$. Even if you had to spend $1000 out-of-pocket during this time, you would still be ahead by $500!!!
There is much skepticism and ridicule regarding added dealer packages: protection packages, pin striping, scotchguard, rustproofing, ect.
Most people view these "features" as useless/worthless items that are pure dealer profit. Why is there not equal skepticism over Extended Warranties???
If people spent the time to review the numbers, you would see that, with few exceptions, EW's are a rip-off! Save the money and take a nice vacation instead!
How do you justify spending $1000 - $1400 on such a warranty? At that price - no, but under 1K think of it as insurance. As you say, chances something will go wrong on a Honda are pretty small, but they exist. That's why I look at it more like insurance, and a form of budgeting to some extent, rather than anything else. Buying a Service Contract with the expectation to come ahead is like going to a casino expecting to win.
Wrong...the same analogy can NOT be used for home/auto insurance.
- Auto insurance is required by LAW, it is not optional. - Home insurance is required if you carry a mortgage on your house, which most people do, so it is also not optional.
Secondly, the loss of a house will cost you $100K's, and injury/liability from auto could cost you the same. As I mentioned earlier, you'll be lucky to save a few hundred dollars with an EW.
I agree with your analogy, so why waste money on a Service Contract?
You say it is a form of insurance, but unlike home/auto insurance, it isn't required and does not have the potential to save you hundreds of thousands of dollars. The most you could EVER hope to recoup from an EW is, what, $1000-$2000?
When car buying, most people would balk at a $1000 "documentation fee" or $1200 dealer pinstriping. But they don't mind spending $1000 on an EW, even though an EW doesn't have much more real value than that stuff. And EW is pure dealer/manufacturer profit!!
I think it boils down to two things 1) People are nieve/uneducated about EW and it's potential savings in car repair. 2) People are so horrible at saving/budgeting, they're afraid they can't come up with a miniscule $500 for future car repairs, so they spend 2-3 times that upfront for an EW.
Well, as I see it, it comes down to personal preferences, risk tolerance etc. Just like insurance - at a certain point you are not required to carry full, just liability, and some people choose to dump it the moment they don't have to carry it; others play the odds and some figure out at what point they can afford to have their car totaled without this affecting them significantly and dump it at that point... Same with GAP insurance - some people prefer to have it, other don't. We are just different people... In our (mine and many Forum members') case I don't think we made a bad or uneducated choice, just a personal preference. The most you could EVER hope to recoup from an EW is, what, $1000-$2000? As mentioned before - according to me, hoping to recoup any of it is not the way you should look at it. You have a point that many people buy it under dealer pressure without considering all the particulars for their personal situation and get ripped off to the tune 1500-2000.00 For me 965.00 for 6/120K/0 was bearable and has a certain value; to you might be worthless - as I said everyone might see different value in different things (Beauty is in the eye of the beholder :shades: ). And no, a $700-800 repair would not break me, might leave a bad taste in my mouth for sure. Anyway, I wouldn't judge anyone for making a certain choice.
You're right, I shouldn't be judgmental about people making certain choices...different strokes for different folks.
Although I believe many people don't think through the EW purchase thoroughly enough. If one forgoes the EW, $1600 (after interest accumulates) will pay for a LOT of repairs.
In all likelihood, you will not spend anywhere near that, so why not keep the hard-earned money yourself instead of making the dealer richer!
I would have to agree. I think these extended warranties are a scam to reap in more money. When I buy my Hondas and it comes to why I should buy an extended warranty, my first question is always, "Do you really think I need it? I was hoping to buy a car that would hold up for 100K mls without needing to have all these repairs. Maybe I should be looking at a Toyota, they go for over 200K mls." That always shut's them up. Five Hondas later I never once would have come close to break even...
agreed, home and auto insurance are not at all the same thing as a warranty on your car. A warranty on your washing machine or big-screen is a closer example. The purpose is only similar in that it could save you money if something goes wrong.
It is a gamble to not warranty, but a gamble with a lot on the Honda owners side. If I had the money to spend I might have, but my older car never had a major problem until it was well past the warranty...and, when it had a minor one we fought over whether they should fix it (Harbor City Honda claimed it was not worth it (to them) to repair a chirping cluth, they are no longer in busines I think...).
Extended warranties are a profit center for not only the automotive business, but just about anything you purchase these days. It is a huge huge business. When you buy a $49 radio and they want to sell you an "extended Warranty" for $14 for 3 additional years...., well, you get my drift. The profit on these "insurance policys" and paint/corrosion protection, etc. is off the charts. I've already received 2 messages from the dealer wanting to sell me the EW after I refused it during delivery.
Generally I wouldn't buy an EW, but for my 1st year model 2006 Civic, I'm opting to get the EW.
When comparing Bernardi vs HondaAcuraWorld, Bernadi's quote was about $50 less for my car. I'm going to go ahead with Bernardi.
Does anyone have experience cancelling a EW warranty??? When I bought the car about 3 weeks ago, I bought a non-HondaCare warranty w/ $100ded at the dealer that costs more than the HondaCare $0 deductible warranty!
I just purchased a Honda Care 7yr/120k/$0 dect. extended warranty through www.myhondawarranty.com (Saccucci Honda) for $850 on a 12-month interest free payment plan ($85 up front, $63 monthly charged to CC/debit card for 12 months). My dealer where I bought the car was willing to match the price but wouldn't do the interest free payment plan. Figured out it would cost another $125 in interest over the life of the 5year car loan if added cost of the EW to the loan, so opted not to do it through the dealer (hey, its money, right!).
You're the type of people that every salesperson & dealer loves to see walk through their door. Your reasoning and logic are fatally flawed.
- You proposed either buying AAA or a HondaCare warranty. How about buying NEITHER and saving your money?
Very rarely, if ever, will you become stranded in a Honda and need Roadside assistance? But let's say it happens once during your EW period. Why not just pay $100 for a tow truck yourself and save $900 (plus interest) the warranty would cost?
- You state "Only $483 for 8 years of worry free driving" with an EW. You should feel just as "worry free" by putting the $965 in the bank (earning 5% interest) and paying for any repairs yourself IF they were ever needed!
I'd gladly take your $500 to make you feel better. Personally, I feel better knowing I didn't waste $1000.
When you go to a store and purchase a TV/microwave/refrigerator/ect, do you always take the salespersons suggestion and buy the EW?
I had a problem with my Honda Care warranty. Basically I bought a warranty from my selling dealer then cancelled when I discovered Bernardi Honda's great pricing here in this forum. Make a long story short: My Bernardi Honda Care warranty got cancelled by the selling dealer's 0% financing company. They had no business cancelling the second warranty as I paid Bernardi in full for it at the time of purchase. Anyway, Bernardi went to bat for me staying with the problem for an entire week before they were able to get Honda to reinstate the warranty they had sold to me. Bernardi was as innocent a victim as was I in this mess. I cannot mention his name here but he is one of the two salesmen who handle the online warranty sales for Bernardi. His caring and staying with it remind me of what customer service used to in this country.
Odd...I buy a 2006 Civic EX, call GEICO to change my insurance over...and they tell me because it's a new car, for $1 over what I was paying previously a month, I now have 7 year mechanical coverage with a $250 deductible. This pays for ANY mechanical repairs as well as Towing and also if you lock your keys in the car, that's covered. They will also pay for a rental when getting your car worked on up to $25/day.
I only found this out when they said it would be $1 more a month and I asked 'why?'.
Now...I kept asking questions and found out that I could opt out of this 7 yr coverage and save $8.06/month. That's $1043 over 7 years. They will send the details to me in the mail but I was wondering if any of you had heard of this which is essentially an alternative to an extended warranty? I'll put probably 175k on my car in 7 years (and probably keep it that long - kept the 2000 for 6 yrs) so I'm wondering if I should perhaps keep this coverage? Any thoughts?
I keep hearing about the Geico warranty plan, but it sounds expensive to me...
1) How $1/mo becomes $8/mo. would bother me to start..
2) $250 deductible... this relegates it to "catastrophic" insurance... You've really got to have something seriously go wrong to collect, and then you still have to pay the first $250.
3) New Hondas already have 60K powertrain coverage, so no coverage needed for that period..
The only thing in your favor, is that you put on a lot of miles...
The advantage of the HondaCare plan, (which they point out in their own sales materials), is Honda has a vested interest in keeping the customer happy with their car.. Somehow, I doubt Geico will have the same level of interest.. They aren't famous for their claims experience.. just their low prices...
1) How $1/mo becomes $8/mo. would bother me to start..
** that bothers me too but I think in reality I was just paying too much for my full coverage before hand and didn’t even know it! I’m probably still paying too much if I take the lower ‘non-warranty’ route and save $8/mo. I heard recently that if you threaten to go elsewhere they will automatically lower your rate.
2) $250 deductible... this relegates it to "catastrophic" insurance... You've really got to have something seriously go wrong to collect, and then you still have to pay the first $250.
*** “relegates it to ‘catastrophic’ insurance” On that I will have to disagree with you. This is the first year of the new model...who knows what might go wrong! I had a catalytic converter go bad in my last one after 5 yrs. Honda charges over $1,000 just to fix that and then you have to see if the engine is misfiring or something to cause that actually caused it go go bad--another who knows how much more $$ on top of that. Giving Midas $300 to put in a third party CAT won't do that. Anyway, $250 isn’t a whole heck of a lot when it comes to auto repair these days, is it I imagine it will be even less so in the outlying years and that CAT might cost $1500 by then.
3) New Hondas already have 60K powertrain coverage, so no coverage needed for that period..
The only thing in your favor, is that you put on a lot of miles...
***60 works out to 8.58K over 7 yrs. I put up 22.5k/yr on my last Civic. I doubt if anyone averages 8.58/yr.
Thanks for the input, I'm still undecided though. I'll see what GEICO sends me in the mail before I decide to go to the lower coverage.
I just bought a new EX-P and looking to buy the extended warranty. People here talked about Bernardi Honda but I go to their web site and can't find any info about purchasing the EW. Do I need to call them instead? Thanks
I just got a Honda care warranty for my 06 Accord I4. I got it at www.myhondawarranty.com which is Saccucci Honda. The plan is the 8yr/120K/$0 Deductible. Paid $980 and used the 12 month 0% interest plan. I called them to ask a few questions before buying and they were very helpful and answered my questions. Also if bought in may they give you $25 credit toward buying honda accessories on their online store. I checked out several other online places including Bernardi (they charge $1 less) but I didn't see the 12 month payment plan. So far very satisfied.
You will be very happy that you have the extended warranty when your Accord reaches 50,000 miles. That is the life of the AC compressor. The repair cost is $1,005.00. This will give you the "purchase price back" on the extended warranty, and you are still covered for another 70,000 miles. You were very wise to purchase this insurance package. Lots of luck with the new vehicle.
In 40 years of buying cars this is the first time I have purchased the service contract. My strategy was to only buy the one sold by the manufacturer. I made the same mistake and bought a Honda Care Warranty from the dealer when I purchased my 06 Odyssey several weeks ago. I did not realize that the Honda Care product was negotiable. You seem to have had a problem cancelling the one you purchased. Was wondering if you or anyone else has any advice on how to proceed in cancelling my 8yr/120K warranty with one dealer and getting the same warranty from another dealer.
Please no comments about this being a waste of money, I have some experience with high and unexpected car bills after the power train warranty runs out and really like the comfort of an eight year B to B.
This afternoon I purchased a brand new Honda Accord EX. After my down payment the balance I would need to finance was $18767. When I spoke with the finance guy he said I qualified for 4.99% 60 month financing and that my payment would be $363, but if I bought the extended 7yr warranty my payment would be $377. I told him that was too much, and he countered with $370. I decided that $7 more a month was not bad and I agreed. I signed the loan documents and went home with my new car.
When I got home I got out a calculator to figure out what my payment would have been if I didn't get the warranty and to my surprise I came up with $354, even though the finance guy told me $363. Has anyone ever run into this problem before and is there anything I can do about it. I feel deceived and tricked into getting the warranty with his fake payment. I have no written proof that this is what he told me. Someone Please Help!
Has anyone been able to cancel their warranty over the phone??? I called in and they said I have to come in to cancel the warranty. It's such a hassle to make the trip and I don't feel like spending a couple more hours in the dealer.
Has anyone been able to cancel the warranty and not had the refund taken off the back end of the loan. I think they should write me a check up front or lower the monthly payment since they're the ones who lied.
I just bought the 8/100 $0 ded (D80) for $1185 from WWW.MYHONDAWARRANTY.COM. Their price was only $1 more than Bernardi but 1. You get a $25 Gift Certificate for Parts/Accessories and 2. You can do everything online and won't have to Fax or mail anything
It is defin. the way to go and the best value out there.
Yeeeep! When you sign the contract. It a done deal. Your only chance is how respectful that dealership is in my opinion. I don't see much these day. just hope the one you go is a respectful Honda dealership. I have seen some go to extreme by getting TV media or newspaper to help them. 90% the dealership would sweat, drop the contract because they don't want bad media attention.
The dealership I dealt with was Honda of Lisle, IL. I went back to the dealer last night and explained the exact situation regarding the misquote. He listened to everything I had to say and asked how he could resolve the issue. I told him to drop the warranty and redo the loan with the correct payment. He said he would talk to the finance guy and be back shortly. After about 5 minutes he returned with a new loan agreement with the correct payment, he didn't try to sell the warranty, and he apologized for the inconvience they caused. Overall, I couldn't be more pleased with how this dealership handled the situation. I would recommend them to anyone buying a Honda in the Chicagoland area, their new service facility is immaculate.
I emailed Bernardi at www.hondawarrantyinfo.com about this deal. They couldn't give a $25 discount at bernardiparts, but did take $25 off the price of the warranty. I found accessories to be cheaper at bernardiparts.
In FL I am not allowed to buy the warranty from these online places, from what I've read. However, I was wondering, if I fly / drive / travel out of state to buy a vehicle, can they sell me an extended warranty at that time?
The prices I've seen online are much lower than what I've been able to get from dealers in FL such that a $300 flight and another $300 in gas and 1500 miles would possibly still be cheaper then otherwise. Not to mention I could probably work out some other options like visiting family and making it into a vacation at the same time to offset that cost.
My only concern is that I'd get the warranty voided when I go back to FL and try and use it, so, anyone know how it works?
I'm fairly certain that if you intend to register the car in FL no dealer outside of FL will sell you the EW, even if you travel there to buy the car. Perhaps register the car in a relatives name who lives out of state (mom, dad, sister) etc. Thats the only thing I can think of. Of course you would have to go visit them every time the Van was due for inspection.....
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The clutch developed a very loud squeak (1 1/2 yrs), Honda told me that, while it was under warranty, it would not be worth the cost to them to replace the squeaking part (they did, eventually).
They damaged the part (name?) that connects to the spark plugs, a mechanical friend told me they (H's repair)had pushed it back and forth while removing it from the plug, stretching it out so it wouldn't stay on the plug. It would fall off while I was driving and I'd have a tremendous loss of power. My Honda repair people told me, "It's an older car, it's typical for it to lose power" (6 at the time, problem developed immediately after tune up). They replaced it after a lot of argument and at my service six months later charge me for the part saying it was "usual wear"
Having a warranty is one thing, having it be worth anything is something else.
I had really planned to not buy Honda again but the rats have two cars I really like...darn. Get the white sage out....
The dealer showed me the invoice price ( $1149), which I hope is true.
How the selling warranty will work for dealers?. Can they make any other profit ( kick back from honda), apart from the above margin from the invoice prices?.
The reason, I am asking was, when I showed him the online price quote, he took a look at it and with in few minutes he was ready to match the price. I was surprised, because in
his original price sheet, D80 was quoted as $2800.
He owns 5 stores on the Columbus area ...
Terry.
If you want another source to compare to Bernardi, try www.hondacuraworld.com Their quote was 975.00 plus 3.95 handling charge per order. I guess I could have saved 5 more cents if I had gone with them instead of Bernardi!!Good luck!
For an Odyssey with up to 6,000 miles on the odometer:
8yr/120k/0 : $1,330
8yr/120k/100: $1,230
So, you pay 100 extra for the zero deductible, but then don't have to pay the deductible if you have a claim... it's break even with one claim, and you come out "ahead" on the zero deductible with more than one claim... hope this helps !
Of the people here who have purchased EW's...
How do you justify spending $1000 - $1400 on such a warranty? The chances of having even a single EW claim is small. And you will almost certainly not have enough EW claims to cover what you original paid for the warranty.
Instead of spending $1200 on an Extended Warranty, why not save that money? If you invest $1200 at 5% interest (easily done with CDs) for 6 years, you would have $1,619!!!
The purchase of an EW makes sense only if you plan to submit $1600 worth of claims during the EW period. If you surveyed Honda owners, I bet VERY FEW have come close to spending that much $$. Even if you had to spend $1000 out-of-pocket during this time, you would still be ahead by $500!!!
There is much skepticism and ridicule regarding added dealer packages: protection packages, pin striping, scotchguard, rustproofing, ect.
Most people view these "features" as useless/worthless items that are pure dealer profit. Why is there not equal skepticism over Extended Warranties???
If people spent the time to review the numbers, you would see that, with few exceptions, EW's are a rip-off! Save the money and take a nice vacation instead!
At that price - no, but under 1K think of it as insurance. As you say, chances something will go wrong on a Honda are pretty small, but they exist. That's why I look at it more like insurance, and a form of budgeting to some extent, rather than anything else. Buying a Service Contract with the expectation to come ahead is like going to a casino expecting to win.
Wrong...the same analogy can NOT be used for home/auto insurance.
- Auto insurance is required by LAW, it is not optional.
- Home insurance is required if you carry a mortgage on your house, which most people do, so it is also not optional.
Secondly, the loss of a house will cost you $100K's, and injury/liability from auto could cost you the same. As I mentioned earlier, you'll be lucky to save a few hundred dollars with an EW.
I agree with your analogy, so why waste money on a Service Contract?
You say it is a form of insurance, but unlike home/auto insurance, it isn't required and does not have the potential to save you hundreds of thousands of dollars. The most you could EVER hope to recoup from an EW is, what, $1000-$2000?
When car buying, most people would balk at a $1000 "documentation fee" or $1200 dealer pinstriping. But they don't mind spending $1000 on an EW, even though an EW doesn't have much more real value than that stuff. And EW is pure dealer/manufacturer profit!!
I think it boils down to two things
1) People are nieve/uneducated about EW and it's potential savings in car repair.
2) People are so horrible at saving/budgeting, they're afraid they can't come up with a miniscule $500 for future car repairs, so they spend 2-3 times that upfront for an EW.
The most you could EVER hope to recoup from an EW is, what, $1000-$2000?
As mentioned before - according to me, hoping to recoup any of it is not the way you should look at it. You have a point that many people buy it under dealer pressure without considering all the particulars for their personal situation and get ripped off to the tune 1500-2000.00
For me 965.00 for 6/120K/0 was bearable and has a certain value; to you might be worthless - as I said everyone might see different value in different things (Beauty is in the eye of the beholder :shades: ). And no, a $700-800 repair would not break me, might leave a bad taste in my mouth for sure.
Anyway, I wouldn't judge anyone for making a certain choice.
You're right, I shouldn't be judgmental about people making certain choices...different strokes for different folks.
Although I believe many people don't think through the EW purchase thoroughly enough. If one forgoes the EW, $1600 (after interest accumulates) will pay for a LOT of repairs.
In all likelihood, you will not spend anywhere near that, so why not keep the hard-earned money yourself instead of making the dealer richer!
It is a gamble to not warranty, but a gamble with a lot on the Honda owners side. If I had the money to spend I might have, but my older car never had a major problem until it was well past the warranty...and, when it had a minor one we fought over whether they should fix it (Harbor City Honda claimed it was not worth it (to them) to repair a chirping cluth, they are no longer in busines I think...).
Remember HC EW includes Roadside Asst.
Option #1:
Join AAA for 8 years @ $59/year
Total $472
Pay for my own repairs for 8 years
Total $???
Option #2
Buy Hondacare 8/100 $0 ded for $955
And not have to worry about anything for 8 full years so long as I save my maintenance recpts.
955 - 472(AAA for 8 years) =
Only $483 for 8 years of worry free driving
Thats the best $483 I'll ever spend.
When you look at it that way there is no reason not to get the EW.
That would then be the easiest $500.-- I ever made... :-)
You are overly pessimistic...
Whenever I claw myself behind the wheel of a Honda a sense of security and eternal serenity overcomes me... :-)
If you want to get some action going and get your money's worth from an EW, you might want to buy from Ford, Yugo, or Chevy... :sick:
When comparing Bernardi vs HondaAcuraWorld, Bernadi's quote was about $50 less for my car. I'm going to go ahead with Bernardi.
Does anyone have experience cancelling a EW warranty??? When I bought the car about 3 weeks ago, I bought a non-HondaCare warranty w/ $100ded at the dealer that costs more than the HondaCare $0 deductible warranty!
You're the type of people that every salesperson & dealer loves to see walk through their door. Your reasoning and logic are fatally flawed.
- You proposed either buying AAA or a HondaCare warranty. How about buying NEITHER and saving your money?
Very rarely, if ever, will you become stranded in a Honda and need Roadside assistance? But let's say it happens once during your EW period. Why not just pay $100 for a tow truck yourself and save $900 (plus interest) the warranty would cost?
- You state "Only $483 for 8 years of worry free driving" with an EW. You should feel just as "worry free" by putting the $965 in the bank (earning 5% interest) and paying for any repairs yourself IF they were ever needed!
I'd gladly take your $500 to make you feel better. Personally, I feel better knowing I didn't waste $1000.
When you go to a store and purchase a TV/microwave/refrigerator/ect, do you always take the salespersons suggestion and buy the EW?
Buy from Bernardi as they are tops.
My Honda Care is $0 deductible for 6 years or 120,000 miles for $1,010. This is for a 2006 Odyssey.
I only found this out when they said it would be $1 more a month and I asked 'why?'.
Now...I kept asking questions and found out that I could opt out of this 7 yr coverage and save $8.06/month. That's $1043 over 7 years. They will send the details to me in the mail but I was wondering if any of you had heard of this which is essentially an alternative to an extended warranty? I'll put probably 175k on my car in 7 years (and probably keep it that long - kept the 2000 for 6 yrs) so I'm wondering if I should perhaps keep this coverage? Any thoughts?
1) How $1/mo becomes $8/mo. would bother me to start..
2) $250 deductible... this relegates it to "catastrophic" insurance... You've really got to have something seriously go wrong to collect, and then you still have to pay the first $250.
3) New Hondas already have 60K powertrain coverage, so no coverage needed for that period..
The only thing in your favor, is that you put on a lot of miles...
The advantage of the HondaCare plan, (which they point out in their own sales materials), is Honda has a vested interest in keeping the customer happy with their car.. Somehow, I doubt Geico will have the same level of interest.. They aren't famous for their claims experience.. just their low prices...
Just my $0.02..
kyfdx
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1) How $1/mo becomes $8/mo. would bother me to start..
** that bothers me too but I think in reality I was just paying too much for my full coverage before hand and didn’t even know it! I’m probably still paying too much if I take the lower ‘non-warranty’ route and save $8/mo. I heard recently that if you threaten to go elsewhere they will automatically lower your rate.
2) $250 deductible... this relegates it to "catastrophic" insurance... You've really got to have something seriously go wrong to collect, and then you still have to pay the first $250.
*** “relegates it to ‘catastrophic’ insurance” On that I will have to disagree with you. This is the first year of the new model...who knows what might go wrong! I had a catalytic converter go bad in my last one after 5 yrs. Honda charges over $1,000 just to fix that and then you have to see if the engine is misfiring or something to cause that actually caused it go go bad--another who knows how much more $$ on top of that. Giving Midas $300 to put in a third party CAT won't do that. Anyway, $250 isn’t a whole heck of a lot when it comes to auto repair these days, is it I imagine it will be even less so in the outlying years and that CAT might cost $1500 by then.
3) New Hondas already have 60K powertrain coverage, so no coverage needed for that period..
The only thing in your favor, is that you put on a lot of miles...
***60 works out to 8.58K over 7 yrs. I put up 22.5k/yr on my last Civic. I doubt if anyone averages 8.58/yr.
Thanks for the input, I'm still undecided though. I'll see what GEICO sends me in the mail before I decide to go to the lower coverage.
Taky
The plan is the 8yr/120K/$0 Deductible. Paid $980 and used the 12 month 0% interest plan. I called them to ask a few questions before buying and they were very helpful and answered my questions. Also if bought in may they give you $25 credit toward buying honda accessories on their online store. I checked out several other online places including Bernardi (they charge $1 less) but I didn't see the 12 month payment plan. So far very satisfied.
Scott
Please no comments about this being a waste of money, I have some experience with high and unexpected car bills after the power train warranty runs out and really like the comfort of an eight year B to B.
When I got home I got out a calculator to figure out what my payment would have been if I didn't get the warranty and to my surprise I came up with $354, even though the finance guy told me $363. Has anyone ever run into this problem before and is there anything I can do about it. I feel deceived and tricked into getting the warranty with his fake payment. I have no written proof that this is what he told me. Someone Please Help!
But in most cases once you sign the papers it is a done deal.
Those finance guys can be sneaky.
Always beware.
Their price was only $1 more than Bernardi but
1. You get a $25 Gift Certificate for Parts/Accessories
and
2. You can do everything online and won't have to Fax or mail anything
It is defin. the way to go and the best value out there.
www.myhondawarranty.com you can do it all online.
The prices I've seen online are much lower than what I've been able to get from dealers in FL such that a $300 flight and another $300 in gas and 1500 miles would possibly still be cheaper then otherwise. Not to mention I could probably work out some other options like visiting family and making it into a vacation at the same time to offset that cost.
My only concern is that I'd get the warranty voided when I go back to FL and try and use it, so, anyone know how it works?
Perhaps register the car in a relatives name who lives out of state (mom, dad, sister) etc.
Thats the only thing I can think of.
Of course you would have to go visit them every time the Van was due for inspection.....