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Comments
We can both probably get a better response by someone that has it and has used it.
Gardiner Reynolds
Thanks!
what a great tip on this board!!!!!!!!
If you financed the plan along with the Honda they will likely have to pay the money back to the loan bank who will take it off the loan amount on the "back end". You will pay the same payment but pay fewer of them. If you paid by CC or check then the refund will be back to your CC or a check back to you.
You have 60 days IIRC to cancel for a full refund, as long as you have not used any of the plan benefits (roadside assistance, car rental, etc).
Dennis
If you search in this forum for "CPO" you will find others talking about this - and pointing out that the HC for CPO is not much of a deal. Your CPO car has a 7/100k powertrain already and 1yr/12k MORE MILES total CPO warranty, so you would be paying $795 to cover a few things for 50k or 3 years or so.
It is your call, but in this case it is take it or leave it.
Dennis
Since you have to buy the CPO with the car, they have you over a barrel price-wise. You can ask for a better price and tell them you are not taking the car if they don't make you a better deal. I have no idea if they are making a ton at that price or $50 - but a suspect they are making a nice profit.
Dennis
Honda Certified Used Cars qualify for Honda Care Certified Additional Coverage, up to 7 years/100,000 miles from the original in-service date.
Honda Care Certified Additional Coverage contracts must be purchased at the time you purchase or lease your used vehicle. Ask your Honda dealer for details.
It only goes up to 7/100k, sorry. Anything longer would not be real Honda Care and not something you should spend money on.
Unless you are getting a really good deal on the used car, you might want to look at a new Accord or Civic - there are some fantastic deals on the Accords right now (the newly re-done 08 Accord will be here soon) and not bad deals on Civics. Full factory warranty and longer term HC available as well - and a new car would also be sure to make it the 6 years/60k you would put on in.
Dennis
Now I just wish my wife hadn't taken $1800 in body damage cornering in the garage :mad:
Speaking of which, since I assume deale shop will be twice that, any reason not to go with a regular/recommended body shop for damage repair ?
Thanks again Dennis, you're providing valuable service to many Honda owners.
Any competent body shop should be able to fix your car, ask around with your friends and neighbors and see who in town is good and stands behind their work.
Dennis
The Sandman
I always wondered where Floridians go when they retire.
Dennis
did any take extended warranty from fidelity warranty services? it says you can go to any service center (need not be Honda certified), if required. They offer warranty for same price as HC.
is it a reliable company or does it create hassle when needed. please let me know. thank you.
By definition an "extended" warranty is a extension of the original factory warranty. The factory warranty is good for the first 3 yrs/36K and the extended warranty covers after that. So I don't understand where the "rip off" takes place as you claim?
Which is why I don't like the use of the term 'extended warranty'. A service contract is not an extension of the manufacturer's warranty. It does not cover the same components as the warranty does, it is a different critter. Service contracts operate in a different way than Warranties do. 'Bumper to Bumper' coverage does not cover the bumpers. (or trim, or lamps, or upholstery...)
Wise1 is using a common argument aftermarket SCCs used to use vs. Mf providers. Most Mf plans start at current mileage/time and run to a specified mileage/time limit. If you know what you are buying, there's not a problem here.
Bumper to Bumper is one of those slang terms that has crept into the industry and is now common place. I hate the term also.
What I tell people is that we are turning there 3/36K factory warranty into a 6/75K plan.
What I tell people who think like the poster getting ripped off does is that they can buy the Service contract at anytime they want. if they don't want to pay for it in there monthly payments at todays prices then they are welcomed to buy it just before the factory warranty ends at the future price plus the $100 surcharge. It does lose them loaner car privileges though for the first 3/36K
I am talking about the MW, I would not sell any other. We had one of those snake in the grass place weasel there way in about 6 years ago while I was on vacation. They Sucked. Claims were a hassle admin was a hassle, and they spent most of there time trying to figure out how not to pay claims.
No that is not the way it works. if you bought that same warranty on the last day of your factory warranty how much coverage would you get?
The key is deciding if you need the coverage or not and if you do to buy it at the right price - and only get factory backed coverage.
HC is pro-rated refundable should you suffer a total loss or the car or decide to trade it before the HC term is up. It can be transferred to a new owner if you sell the car yourself for a modest $50 fee - and can add value and make your used Honda easier to sell.
It is up to you, but I would not risk my money on anything that was not factory backed - if you decide you need coverage at all.
Dennis
I just bought a new 2007 Odyssey EXL last week. And I am looking for extended warranty. I would appreciate your advice.
I got quote from warranty direct
SecureCare+ (bumper to bumper) warranty 8 years 100,000 for $1581 (1681 if including air bags electrics coverage)
I also got a quote from dealer HondaCare 7 years 75,000 for about $1350.
I don't plan to drive that much and years are more important than milage to me.
I've seen good and bad comments about warranty direct in this forum. What's your experience? The price different between Hondacare and warranty direct don't seem to be too big.
Does Hondacare offer 8 year 100,000 warranty in Florida? My dealer told me they don't offer it.
Since warranty is regulated in Florida, does it mean every HondaCare warranty will sell for the same price in Florida?
Thanks
HC warranties usually come in 60K, 80K, 100K and 120K varieties.
As long as you have a Florida address you can't buy online from out of state. But as a comparison, here's what Bernardi quoted for an Odyssey for a Georgia resident.
7 year, 100,000 miles--$1,050
8 year, 100,000 miles--$1,130
Those are both zero deductible and for a full Honda Care warranty.
I would check with other Honda dealers in Florida to see if they tell you the same thing about not offering the 8 year 100K. That seems strange that it wouldn't be offered in a certain state.
I've never used Secure Care, so I couldn't give you any info on them.
The dealer didn't show me the warranty. So I am not sure about the details. But they first tried to sell me a third party warranty (fidelity something...) that costs over $2000 for 8 year 100,000 coverage. I asked for HondaCare warrranty. So I assumed the new offer is from HondaCare.
I've sent emails to other dealers. Hopefully they will respond. However the sales people don't seem to care much about selling you the warranties. It made me wonder if the sales don't get their share of the profit.
My suggestion is just to call to dealerships all over Florida, and say you have a new Odyssey and you want a warranty and they'll transfer you to the right guy and he can give you a quote.
Good luck!
Dennis
Customer's car needs an a/c compressor and dryer.
After waiting 20 minutes on hold, I get an adjuster:
'What, exactly, is wrong with the compressor?' It's not working, inoperative.
'Why do you need an dryer?' It is junk-fouled out.
'If the compressor isn't working, the dryer CAN'T be junk' Huh? I'm a clerk, not a mechanic, let me find the tech. Track down tech, tech states dryer is junk. Service manager talks to adjuster-convinces him of the necessity of an dryer.
'Is the compressor a 4 groove or a 5 groove?' What's the difference?
'I don't know, it just says here to ask it.' I track down new part and inspect it. There appear to be no grooves to my untrained eyes.
'It doesn't matter anyway, it pays the same.' Yippee!
'We pay X hours' my book says X+Y hours
'We pay X hours, the customer must pay the difference.' That'll make her happy.
The compressor costs T dollars.
'We pay T-200 dollars, the customer must pay the difference, or we send you a part. I swear it's OEM.' My customer is out there, waiting, let me see what she wants to do.
Customer agrees to pay the difference, authorization is acquired. Two days later, we get paid.
The customer witnessed about 1/2 an hour of this hour-long phone call. It's not good when a customer apologizes for her service contract company's performance.
If you want to wait to buy, fine, but understand that the price will be higher and your options limited - both in terms of total months and total miles.
If you buy now you pay less and have the roadside and rental coverage NOW and you can buy for much longer terms (months and miles).
There, you got it now?
Dennis
1) 1st car was a '94 Prelude, one of the most reliable cars Honda has produced. I had 2 problems with the car, one was the tachometer failed (which was in the shop 5 times before they replaced the whole thing), and 2nd was the CD player went in which case they replaced the whole thing. Those 2 repairs alone would have cost more than the warranty and still they weren't even engine repairs.
2) '99 Civic, traded the car in with about half the warranty left, Honda refunded the unused portion. No claims on it.
3) '02 Accord Coupe, sold the with low mileage, did not use the warranty. Based on how the sale went, I got a lot more for this car because of the warranty. Why? The buyer knew the car was always under warranty with $0 deductible, so if anything was wrong, I would have gotten it fixed. Plus, I transferred the remaining warranty to them which was a huge selling feature. They were covered for another 2 years and 40+K mileage.
4) '02 Accord Sedan, have not used the warranty yet but plan to sell this car on my own as well, just as I did in #3 above and expect similar results.
In summary, there are 3 reasons I get the honda extended warranty:
1) Insurance against any issues. Today's car are very complicated, between the electronics and systems. One repair will cover the cost.
2) I dropped my AAA because the warranty provides roadside assistence for the length of the term. That alone is worth a few hundred dollars.
3) It makes selling the car on my own so much easier, in which case I can get a lot more for the car than trading it in.
Even if I never need the insurance, the value of the AAA and selling the car alone more than makes up for the cost.
By Florida law you must have a Florida state license to sell insurance to anyone living in the state. Extended warranties are considered insurance by FL law. Part of this license requires that you sell for the fixed "MSRP" and not mark it up nor discount it. The IDEA behind the law is to stop dealers from ripping folks off, but I have no clue how not being able to discount it benefits anyone (other than the dealers). I guess they protested that if they could not sell it for a nice mark up then it should be against the law for someone to discount it as well?
In any case, the dealer that offered to sell you the policy is in violation of FL law and could be fined or something if caught. I am not sure if there is any penalty to YOU for buying it out of state, but "who knows" for sure?
If I lived the FL, I might be tempted to buy a plan and have it sent (in my name) to a friend or relative that lives in another state. Once it is in the service computer I don't think you would have any problem.
Dennis
The Pilot is still new, but I may take the "out of state address" route once I'm ready. And yes, it appears that a legit ebay seller "honda_dealer" with lots of good feedback is selling Honda Care plans in addition to a number of other Honda goodies. GP
re:didn't know they sold HondaCare on fleabay .
By Florida law you must have a Florida state license to sell insurance to anyone living in the state. Extended warranties are considered insurance by FL law. Part of this license requires that you sell for the fixed "MSRP" and not mark it up nor discount it. The IDEA behind the law is to stop dealers from ripping folks off, but I have no clue how not being able to discount it benefits anyone (other than the dealers). I guess they protested that if they could not sell it for a nice mark up then it should be against the law for someone to discount it as well?
In any case, the dealer that offered to sell you the policy is in violation of FL law and could be fined or something if caught. I am not sure if there is any penalty to YOU for buying it out of state, but "who knows" for sure?
If I lived the FL, I might be tempted to buy a plan and have it sent (in my name) to a friend or relative that lives in another state. Once it is in the service computer I don't think you would have any problem.
Dennis
Get it from one of the cheap online dealers using an out of state address, I guess.
I would also call and write your state legislators to get this law repealed or at least changed to allow discount selling.
Dennis
Love my Civic and hopefully we'll have a long loving relationship.
The Sandman
It would've paid to have read this forum before anything happened. But that's hindsight and a moot point now.
Good luck with the renegotiations if y'all go that route. I sure would if I had bought any extended warranty.
The Sandman (1st Time Honda Owner)
"The basic premise of the plan is to give you the ability to receive back your premium if your service contract or any of its benefits are not used during the time and mileage chosen."
If something happened to the car within the first 3 years/36,000 miles (original warranty), does that count as using the extended warranty? I ask because of this clause:
"Coverage for a new-vehicle plan (less than 6,000 miles at time of service contract purchase) begins when the vehicle is originally put into service and at zero miles."
Any help appreciated.
I am not a Honda expert, but there policy in this case reads the same as Fords.
The key words here are the ones I have in bold. If your car has a problem during the factory warranty and you get a loaner car (one of the benefits of a Service Contract) then you have used your extended warranty and DQ'ed your self from getting the purchase price refunded at warranty end.