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Comments
What kind of room are we talking about on an 05EX-L Pilot with 45K?
Does the dealer set the price or is there a hard number it costs them and the rest is just profit? Thanks.
Time is of the essence here so a prompt response would be appreciated.
From the Honda page:
Honda Care Certified Additional Coverage contracts must be purchased at the time you purchase or lease your used vehicle
It does not SAY "from the same dealer" so I guess they could buy the car from dealer a and "at the same time" buy the HC plan from dealer b ? If it has to be "from the the same dealer" then you are hosed if your dealer has the CPO car you want but wants too much on the HC end.
I did that once on a GMPP - you used to get a nice discount if you purchased it "at the same time" as you purchased the car. So I mailed a check to a discount GMPP dealer and they did the contract on the day I got the car.
BTW, with the dealer incentive here you can get a new LX 2wd Pilot for $23,xxx so they better be pricing the CPO versions at a nice price.
Dennis
I'm looking at a 2007 EX-L 4 banger; here's what I got back in the quote and wanted to share with the group:
-8 years/120,000 miles warranty:
--$100 deductible = $840.00
--$0 deductible = $940.00
Hope this helps!
Frank
I was looking at a Honda Accord 2005 Ex car and the owner says he bought extended warranty till 75K. Are these transferable or will i run into any issues with Honda care later?
Also - does anyone have a good inspection shop in or around Dallas-Fortworth?
Thanks.
Most any Honda dealer could inspect the car for you, or you could try Magoos or maybe Inspection Solution. Most PepBoys store will also do inspections for you, but this would be my last resort.
If the car is under factory warranty and HC then you basically just need to know if it has been in an accident and has it had the oil change, the state or the tires and brakes. As long as the owner has done maintenance and those non-covered items are OK, the rest would be covered. Watch for a "Katrina car" as well.
Run a CarFax and/or AutoCheck on it as well - maybe before you spend the bux on an inspection.
Dennis
However, I also found this service contract through my credit union (http://www.sdccu.com/pages/rcenter/mbi.asp) and it looks pretty good - about $550 for 6 years, 70K miles, $50 deductible. I'm wondering if it is better than HondaCare. The Supreme Coverage is bumper to bumper except for exclusions (which I've heard is better than a stated coverage warranty, which is what HondaCare seems to be). The roadside assistance, car rental, and trip interruption coverage are also a bit more generous. I'm not sure if it's better to have a service contract with the manufacturer or not.
What would you recommend - getting HondaCare, or going with the credit union MBI?
TIA!
It is also longer and has $0 deductible, so the two service contracts are not apples to apples comparisons.
Can anyone else clarify this for me?
You have a Honda, more than likely you will never need an extended warranty. If you do think you need one, just get HondaCare from a discount source - like Saccucci or Bernardi.
Dennis
You can also find out who is backing the warranty company and what contingency plans they have.
Most likely, you will not get enough use out of either service contract to pay for the cost. The car is most likely to need expensive repairs long after the service contracts have expired. Not at 70 and 80K miles.
You can get HC up to 120k miles, well within the range of something major failing - like the AC compressor - which would exceed the cost of the HC plan.
It is for each owner to decide, and as I said the odds favor you NOT needing to buy anything - but if you decide you do need coverage I would only buy HondaCare.
Dennis
Now on to the next task - trying to get them to refund the alarm system they convinced us to buy :mad:
I recently purchased a brand new 07 odyssey in Atlanta, GA.
I also plan to get a extened warrenty from the dealer
for $1000 80000/5 yrs. The dealer said it had 0 deductible.
I dont think it is a Honda Care warrenty. Is it OK if it is not a Honda care warrenty, and secondly is that a good bargain?
Thanks
PHK
Dennis
As far as Honda Care goes, for a particular warrenty(say 5yrs/80000) are there different varients having different coverage clause, or is there just one standard coverage clause.
Also the 5yrs/80000, starts from the maufacturers end of coverage (3yrs/36000)(Ineffect making it 8yr/116000) or it is the total including the 3yrs/36000.
Thanks
PHK
If you are buying a HondaCare contract on a used Honda (with over 6,000 miles on it) then the warranty coverage begins on the day of the contract, whether or not the factory warranty has expired. So, if you purchase a 4 year, 48,000 mile extended contract on a used Honda, you would be buying up to 4 years or up to 48,000 miles of coverage beyond your odometer and calendar readings beginning on the date you buy the plan. Depending on how much of the original factory warranty was left at the time you purchase the extended plan, you may discover you have pretty much wasted all of your money in purchasing the plan.
A new car warranty must be purchased within the 1st year and 6000 miles. A used car warranty can be purchased anytime within the factory warranty period of 3 years or 36,000 miles, before either limit is reached.
The HC plan goes into effect the day you buy it - it includes roadside and car rental coverage. Once the OEM warranty or powertrain warranty expires it kicks in on those. There are exclusions - it is NOT bumper to bumper but it does cover all the major things (and some minor ones). Read the sample contracts online and the actual contract you get before signing. If you order online, they send you the contract to read, sign and return. If you do not, they don't charge you.
HC can be transferred to a new owner for $50 and is pro-rated refundable in the event you trade/total/lose/sell the Honda. They take the larger percentage used - miles or months and refund the balance less a fee.
Dennis
Joe you stated in one of your earlier messages, that " The HondaCare contract is stated there to be an exclusionary contract" . What does exclusionary contract mean?
Also the Honda Care bought online through Bernardi HondaCare or Saccucci HondaCare - How are they different from the Honda Care bought through my local dealer? If the online sites are selling for less, there must be some catch?
Thanks,
PHK
Some warranties list all the components they cover and that is it - something else fails and it is not covered since it is not on the list.
An exclusionary contract says "we cover everything except ...." and provides a list. Then if the item that fails is NOT on the list, it should be covered.
A sample HC contract is located at this link. Your contract will be similar, but read the actual contract before you sign and purchase. In the contract it says:
All VEHICLE parts are covered by this CONTRACT, subject to the terms and conditions herein and EXCEPT AS EXCLUDED BY ARTICLE IV.
The list is long, so I will not post it - but it excludes belts, hoses, bulbs, rattles, trim bits, etc. Read the list and see if you can live with the exclusions - there are a lot but most of that stuff is what you would expect NOT to be covered for an extended warranty. For example, on the 2001 S2000 I used to own the rubber parking brake boot messed up outside the base warranty. The HC would not pay to fix it - however if the brake handle broke or the cable attached to it or it just quit working (unless it was the brake pads) - THEN it would be covered.
The HC sold by ANY franchised Honda dealer is the same thing. You pick your term and your deductible and the dealer sets the price. The online vendors are selling them just above their cost. Other than putting up a web page and doing some paperwork, they have little expense so need little markup.
Your local dealer is likely just greedy - the F&I department wants/needs to show a profit so they mark up a $800 plan to $1,600 or something. They may say it is better to buy from a local seller, but in truth that just means you can go scream at the local seller if something goes wrong - it will not fix your car for you. The coverage is what it is and unless the local dealer PAYs out of their pocket for a non-covered repair then it is all the same. Likely the local person who sold you the HC for a huge markup will not even be there when/if you ever need it.
So read the contract, decide if that is what you want, then buy only a HC plan from a discount dealer. You can always print out your quotes and present them to your local dealer and give them the change to match or beat the price. Anything else is throwing money away - and some would agure getting any extended service plan on a Honda is throwing money away
Dennis
Thanks again,
PHK
Since I am nice guy
What I would do, get the VIN from the owner of the 3yr old can and call either HondaCare or the service guy at your local dealership and have them tell you the actual in-service date of the car. You have until that date + 3 years to get the HC purchased. You can also run a Carfax or AutoCheck on it as well, since you have the VIN. Then buy the car before the 3 yr mark and buy the HC before that time as well.
Dennis
can you tell me who gave you the quote of 940, i would definitely be interested at that price, and that was for a pilot, correct?
thanks
I did purchase a Honda Care waranty for $800 that extends the non-power train coverage out to 7yr/100,000m as well. I will reach 7 years well before 100,000m. I purchased an approximately 3 years of additional non-power train coverage. Any comments on how much I paid? I haven't been able to find any quotes for my particular case from the websites mentioned. Any ideas?
You don't want to bother looking, but you want everyone else to help you? Someone said we help those that help themselves
Type CPO in the search edit box (above and to the right of this message) and you will find several threads about CPO and HondaCare. Basically, it does not cover much more for much longer.
In addition, you will find that the ship has sailed for getting it, as the page here says Honda Care Certified Additional Coverage contracts must be purchased at the time you purchase or lease your used vehicle
You could have found this out with a simple search and a google, but being I nice guy I did it for you anyway
Dennis
And if I missed the answer to my question somewhere, please let me know.
Thanks, Bob
If you follow the prices paid and lease forums as I do, that is a favorite pet peeve question - "did I pay too much" ? Folks should ask before they buy, not after :confuse:
In this case, you can cancel your HC policy for a full refund within the first 30 days. So if YOU have buyer's remorse you have an out. If it would make you feel better, call Bernardi and Saccucci HC departments and ask them how much they would sell it for with a CPO car. If if is less, ask them if it is POSSIBLE for them to sell it to you. If so, then cancel what you purchased and buy from them. I think they may tell you what the Honda page said - must be purchased with the car.
When I search for just CPO lots came up, including a recent discussion of someone in a similar situation (but they paid more for their coverage). If you read through that thread, the general feeling is that you are tossing your money away paying so much and getting so little (since your powertrain is covered already) - but it is your money.
Dennis
I've read this board on and off since we bought our new 07 Ody Touring w/nav last winter. Just hit 5K miles so its decision time, after months of procrastinating. We will almost certainly keep past 3 years, but may sell or trade around 5 years, and we average about 12K miles/year. So .... if you were me would you get HC ? Our Ody is loaded which means lots of chances for electrical problems, but I just keep hearing from so many sources that while, yes, Hondas do break, its quite rare under 100K miles.
One other thing, I compared, doesn't seem huge cost difference to get HC right before the factory warranty expires. Am I wrong ?
And yes, if we buy I know only Bernardi or Saccucci.
Thanks Dennis !
Where is Carnac the Magnificent when you need him. (Dead and retired, right?)
Under 6k miles you can get up to 8 yrs, 120k miles for $1,230 with $0 deductible.
Over 6k miles you can only get up to 6 yrs, 102k miles for $1,345 with $0 deductible. In contrast, if you purchase 6yrs/80k NOW it would be $655 and 72/100k would be $860.
A 2005 Ody with 35,999 miles can only get 6yr/60k $0 and it is $1,345.
So the prices go up and the terms get shorter and the choices fewer if you wait.
Keep in mind that it IS pro-rated refundable, so if you paid $1,230 now and cancelled it in 5 years, you would get 3/8 (less a fee) of what you paid.
If you always trade in and never sell your cars yourself, then the added value of selling a HC covered van is lost for you.
If it were me, and I knew I would be trading it in 5 years or so - I think I would pass on it. Do you have other cars to drive if the Ody is in the shop or does your dealer have free loaners (rare for Honda) ? That would be the only other reason to buy HC in your case, but the HC money will rent a lot of cars.
If you planned on keeping it longer, drove a lot more miles, or were going to sell it yourself (even if just to a friend on family member) then it might make sense to be covered.
The odds are in your favor that you will never need the coverage, but it always is your choice.
Dennis
Its a real question w Honda. Before this I had 3 Audis, 1 new 2 used, extended warranties on all and came out ahead. Audi is a great car for safety and handling, but unfortunately they make the extended warranty choice easy since chances are about 100% something expensive and covered will break.
Probably not, (from contract):
A REFUND SHALL TERMINATE THIS CONTRACT. IF CANCELED, COVERAGE CANNOT BE REINSTATED
Maybe.
Check with Hondacare customer service.
From www.honda-care.com FAQ:
I recently purchased my Honda Care at a local dealership and paid substantially more than the priced quoted here. What can I do?
You need to cancel your existing policy before purchasing from our website. Honda Care allows for a 100% refund of your original premium up to 60 days from the date of purchase. After 60 days, your refund is prorated. Here are the steps:
1. Contact us at 1.888.771.0551 or send us an e-mail here to request a cancellation form.
2. This form can either be mailed or faxed to you.
3. We will submit your cancellation upon receipt of this form.
4. We will contact you by phone or e-mail once your cancellation has been processed.
5. You can now go to www.honda-care.com and purchase the plan of your choice.
Cheers!
That is interesting. I wonder why.
You know they are priced where Honda makes money on them, so for all of them that they sell the average pay out over the life of the policy is less than the price. There are lots of folks who sell/trade the cars and never get a refund, but basically the odds favor you not having to spend more than the cost of the plan. However, if you are the unlucky one that does have problems then it probably will save you money.
Dennis
The only tricky part of cancelling is that if you financed the contract with the car, the refund will likely go back to the bank holding the loan. Some will re-do the loan with lower payments, others just apply that toward the principle of the loan, so you make the same payments but have fewer to make.
Dennis
That is interesting. I wonder why
I don't know, I just posted what I found
HC re-did the prices and rule a couple of years back and make it more attractive to buy the policy up front. That means they get to keep the money a lot longer. In the old days you could get the same coverage right up to the base factory warranty expiring. It cost $160 or so extra, but you got the same plans. If you waited until after 2/24 there was a $60 extra fee. So the sweet spot was buying at 23.99 months or 23,999 miles. The pro-rate refund was (and is?) based on when you purchased, miles and months at purchase, and miles/months at cancel time, and the term of the policy. So buying at 23.9 months would always net you a lot more of a refund than buying when you got the car.
They closed that loophole with the new limits and prices, I guess.
Dennis
Point is no free rides ... just like the insurance industry (and HondaCare is NOT insurance), their objective is to pay out far less than they collect overall. And their pricing reflects that.
Not saying its a bad thing I was just surprised.
Dennis
If you buy a 120,000 mile extended warranty when your car only has 5999 miles on it, then you get coverage for 120,000 miles from the day you bought the car, NOT additional to the 5999.
So, if your car has 60,000 miles drivetrain warranty from the factory standard, then the 120,000 warranty gives you an additional 60,000 miles coverage on that (but an extra 84,000 bumper to bumper. (if it is 0 deductible bumper to bumper it could prove to be very valuable during those miles between 60 and 120k)
Dennis
It is as I posted earlier:
Honda Care for New Vehicles:
If your Honda is a 2006 or newer and has less than 6,000 miles, it qualifies for New Vehicle plans. New vehicle plans start from the original purchase date of the vehicle, with zero miles. New vehicle plans have terms op to 8 years or 120,000 miles. Honda Care for New Vehicles is available with your choice of either a $100 deductible or a $0 deductible.
Honda Care for Used Vehicles:
If your Honda has more than 6,000 miles and is still within the original manufacturer's warranty, it qualifies for Used Vehicle plans. The coverage is the same as the coverage for New Vehicles. The only difference is that the time and mileage for Used Vehicle plans start on the day that you purchase the plan. In an effort to make this as understandable as possible, the plans shown on the pricing page, show the end date and the end miles. Honda Care for Used Vehicles is available with your choice of either a $100 deductible or a $0 deductible. However, your vehicle must be a 2005 or newer and have less than 30,000 miles to be eligible for a $0 deductible plan.
http://www.curryhondacare.com/whentobuy.cfm