Honda Extended Warranties Pricing and Info

maferna

Section V. Cancellation of Contract, reads:

"A refund shall terminate this contract. If canceled, coverage cannot be reinstated", which I guess means that if you cancel, you cannot buy again the Honda Care warranty for the same car.

dulnev

"A refund shall terminate this contract. If canceled, coverage cannot be reinstated", which I guess means that if you cancel, you cannot buy again the Honda Care warranty for the same car.

NO, it does not necessarily mean that. It may just mean that this contract cannot be reinstated. But you can buy another one. You should call Honda Care customer service and ask.

blueiedgod

Hi folks...new to the board...and I've got a question. I just purchased a 2005 Honda Accord Hybrid w/Navi, and think I got ripped off big time on the warranty. I paid about $2000 for a 7yr/100k, and am thinking I could have gotten a much better deal after doing a search on Google. I purchased in So California, so don't know if that makes a difference.

Does anybody know if I can get a refund or try and get an adjustment from the dealer?

Any advice would be appreciated!

Read the termination clauses in your contract. I think you have 30 days to cancel. Then you can buy a new one.

gohonda1

"Read the termination clauses in your contract. I think you have 30 days to cancel. Then you can buy a new one."

Do you get the tax back that they charged you on the warranty?

b_rad

That's what we did but the laws change from state to state.

dzuba

Probably a dumb question - but:

I am taking delivery of my new Touring EX - DVD/NAV on 5/5 - can I purchase an extended warranty from Honda Care after that date - or do I need to purchase it at the same time of delivery?

How long after the delivery date can I buy the warranty - if I can at all?

wardm

Yes...you can buy the warranty after initial purchase and you can buy it from any dealer nationwide (unless you live in Florida). FYI...Dealer Cost is $1,050 on a 7yr/100,000mi/$0 plan (or so I've been told). Pohanka Honda sells this for $1,075 (see other posts).

blueiedgod

"Read the termination clauses in your contract. I think you have 30 days to cancel. Then you can buy a new one."

Do you get the tax back that they charged you on the warranty?
If they charged tax on it then you should get ti back. I don't think they charge tax on warranty. If they do, this is another benefit to buying warranty out of state over the internet, no sales tax.

voicemailking

Except in the case of Florida...You CANNOT buy Honda Care warranty out of the state of Florida if you are a Florida resident

gohonda1

"If they charged tax on it then you should get ti back. I don't think they charge tax on warranty. If they do, this is another benefit to buying warranty out of state over the internet, no sales tax."

Unfortunately for me NJ is one of the few states that does charge tax on extended warranties. Had I known this was unusual I definitely would never have bought the warranty through Honda. And believe me, think REALLY HARD about the warranty before you buy it because if you do like I did and try and get a refund, prepare for a hard fight through their BS in order to get it. It boggles my mind at how they can look me straight in the eye and tell me I am not entitled to the money when I have proof from the state of NJ Tax Department stating that I AM entitled to that money. Bunch of money grubbing jerks if you ask me.

oneandonly1

I called Honda Care and they told me I have 60 days to cancel the contract and get 100% refund. I just have to go to my dealer to sign a cancellation agreement. They said I can go to any other dealer to purchase the Honda Care warranty. The refund will be applied to the loan principal. FYI, if it's after 60 days, they pro-rate the refund.

The salesperson at my dealership offered her "employee discount" in comparable accessories, saying that they could not give me any kind of price adjustment since the sales contract was already created. I can't imagine the employee discount would be 50% and I can't really think of any accessories I would want because they overcharge for all those things.

So I think I will be going back the dealership to cancel the warranty, and most likely will purchase through Collegehillshonda.com. They offer the 7yr/100k warranty for $900 no sales tax.

Thanks for the advice everyone, you saved me a lot of money!!

jb_turner

Unfortunatly once cancelled you can not purchase another Honda Care warranty for the same vehicle.
$900 for 7 100 with 0 ded is on the high side.. the best I priced was $850 for the same warranty for the same vehicle.

maferna

"Unfortunatly once cancelled you can not purchase another Honda Care warranty for the same vehicle."

Yes, that's how I interpreted the contract.

BTW, I just cancelled mine today (paid too much)

avarkey

I am looking for an extended warranty and could you please let me know where you purchased 7/100 plan for $900.00

avarkey

The Collegehillshonda.com we sit list the price for 7/100 plans as $1150.00. How could you get it for $900 ?

dulnev

Unfortunatly once cancelled you can not purchase another Honda Care warranty for the same vehicle.

Says who? Did you get this from Honda or is it how you're reading your contract? Because my read is different...

jb_turner

From Part V of the Extended Warranty contract

"A REFUND SHALL TERMINATE THIS CONTRACT, IF CANCELLED, COVERAGE CANNOT BE REINSTATED."

denver5357

"From Part V of the Extended Warranty contract

"A REFUND SHALL TERMINATE THIS CONTRACT, IF CANCELLED, COVERAGE CANNOT BE REINSTATED." "

Which as someone else posted is unclear. This actually says (or implies strongly) that coverage from the cancelled contract cannot be reinstated (why you would want to reinstate it is another matter to ponder).

It should have said something like "Hondcare coverage can not be reinstated or newly purchased again on this vehicle." IF that is what it means.

stevemcd

We just purchased a 2005 Odessey and were stunned when we went to write the check. The finance person shoved an extended warranty sheet in front of us and demanded that we buy it on the spot. He screamed at us when I asked why, "it's a Honda, isn't it?" The price was over $2,400 for a 100k warranty. We got a fair price on the Van, about $31K, but felt we really got taken on the warranty. I have asked for a meeting with the Honda regional rep. We bought 7 days ago and I am very, very unhappy with the treatment from andersondirect.com here in California. Can I get out of this nightmare? Where can I get a fair price for the same contract?

jb_turner

If you already purchased the warranty you can still get a refund from Honda Care however if you would like to purchase a Honda Care warranty for your vehicle again Honda Care will not allow it. That warranty you purchased for $2400 can be had for $900.

dulnev

From Part V of the Extended Warranty contract

"A REFUND SHALL TERMINATE THIS CONTRACT, IF CANCELLED, COVERAGE CANNOT BE REINSTATED."


Which just means that you can't reinstate this contract that you just cancelled. There's nothing there about not buying a different HondaCare contract!

kyfdx

Well.. I think you could read it either way...

It says that coverage cannot be reinstated.. It doesn't say this contract cannot be reinstated. That tells me you can't get the warranty on that vehicle, once you cancel the contract..

I'm not saying I'm right and you are wrong... But, if someone asked me which way it was, considering the wording... I'd say the other way..

regards,
kyfdx

dulnev

And the point is, as I said before, that someone needs to ask Honda what the wording means. We can speculate to death about its meaning, but our speculations mean nothing.

qbrozen

look back to message 329, folks.

mcbinky

Hi, I just bought a 1998 Honda Civic EX from a Mitsubishi dealership, apparently it was a trade in. The dealer offered me an extended warranty, saying it was from Honda, for about $900 for 2 years/24000 miles bumper to bumper. I can decide within my current 60 day warranty. I've never bought a car from a dealer before, always from individuals, so I'm a bit confused. I wouldn't exceed the miles if I took it. I've been researching online, but I can't seem to get a straight story for a car of this age. Has anyone here ever bought a warranty like this? Since this is from a Mitsubishi dealership, is this actually a 3rd party warranty? Any info would be appreciated so I can ask some informed questions. Thank you.

nortsr1

Sound to me like a third party job. Ask him to see the warranty.

doom

Hi folks

I'm considering buying EW on my new CR-V. Dealer tried to sell me for $1300. Good thing I came to this forum before syaing yes to it!
Honda says you can buy the EW upto 2 years/ 24K miles from the date of purchase without paying extra. Is the time of the coverage considered effective from the date you buy the EW, or from the date of the original purchase of the car? For example, if I buy 5yr / 60k miles EW 2 years from now, would it be valid for 5 yrs / 60k miles from the time of purchase of the EW (meaning 7 years from today), or from the date of the original purchase (today)?
If it'll be effective for 5yrs from the date of buying EW why wouldn't everyone just wait for two years before buying that EW? For first 3 years manufacturer's warrantee is effective anyway, so having EW is like having double coverage for 3 years. Am I missing something?

Thanks

kyfdx

From the original purchase date and mileage..

7yr/100K is four extra years and 64K extra miles...

People buy it with the car, so they can finance it into the payments.. Most people think $20/mo. for 60 months is somehow less than $1100 all at one time.. Most people are payment buyers.. Waiting is a better idea, IMO.

srl99

I believe the warranty "spec's." are the total mileage, age of the vehicle from the
dealer's registration with American Honda. [In my case, my Pilot had 24 miles on
it at delivery, so I was only interested in the date being correct.]

The only advantages to buying the warranty early are to protect against price
increases and to have the benefits of Cross Country Motor Club for a while longer.

There are lots of debates about whether the warranty is worth it at all, and whether
one should cancel an alternate motor club (AAA?) if you have Cross Country.

In our case we bought the warranty so we have an extra four years peace of mind -
which is (ALWAYS!) an expensive proposition ;-) . We don't drive a lot so we
bought the 7Y/75K version.

--SRL

stevemcd

We called Honda Care and they assured us that we can indeed cancel the contract with Anderson Honda and they told us we are free to buy the contract from any other dealer within the first 24 months. We canceled and have complained to the General Manager of the dealership.

dulnev

Finally! Somebody has an unequivocal answer! So you can cancel HondaCare and then buy a new policy.

jb_turner

"Somebody has an unequivocal answer!"

Not at all... Verbal means nothing what matters is how the contract reads.

kyfdx

I agree with dulnev.. The answer is unequivocal...

Whether it is correct or not.. we'll just have to wait and see...

gardenia

Has anyone purchased from Jay Honda? I purchased one from my dealer for 7/100K for $1145. I realized I overpaid and will go and cancel. Like the previous poster, I am also paranoid about giving my credit card over the internet. TIA.

srl99

We bought our Pilot EX warranty from Ray Laks Honda, all done by telephone.

You might give your dealer a chance to make the price right before you cancel.

I would guess the dealer's get charged back for the cancelled warranties and this
causes them some paperwork distress/morass.

[My selling dealer claimed they wouldn't be able to tell if my check cleared for
at least two weeks - pretty sad given it was nearly $30k! I have no reason to think
they would ever figure out how to post a chargeback from HondaCare. Hendricks
- stick to racing!]

--SRL

oneandonly1

Hi folks...new to the board...and I've got a question. I just purchased a 2005 Honda Accord Hybrid w/Navi, and think I got ripped off big time on the warranty. I paid about $2000 for a 7yr/100k, and am thinking I could have gotten a much better deal after doing a search on Google. I purchased in So California, so don't know if that makes a difference.

Just wanted to update the board with what happened with my refund...

I confirmed with Honda Care that I could obtain a refund within 60 days. So I went to the dealer a week after I purchased the car and signed a cancellation agreement. This was on 4/9. The finance manager said it would take about 3 business days for it to go through. It took a little longer, but I confimed with Honda Financial on Monday 4/18 that a credit for the warranty was applied to the principal on my loan balance. Woohoo!! So I purchased the same warranty through collegehillshonda.com for $900. Saved over $1000! Yes, I know I could purchase the warranty later, but I just wanted to take care of it now.

Thanks.

kyfdx

Good deal!!

Unequivocal and correct!

dwynne

The only advantages to buying the warranty early are to protect against price increases and to have the benefits of Cross Country Motor Club for a while longer.

There are lots of debates about whether the warranty is worth it at all, and whether
one should cancel an alternate motor club (AAA?) if you have Cross Country.

Correct. The price might go up in the 2 years you are waiting, and if you get it now then you have car rental coverage and roadside assistance now.

The current surcharge for waiting past 24 months (or 24,000 miles) is just $60. So you would wait for just under 3/36k to buy your HC EW and pay only $60 more (assuming no price increases).

Wait past 36/36k (and before 42/42k) and you pay an extra $160 for the plan.

HC can be cancelled in the first 60 days for a full refund - UNLESS you used the HC plan. If you did, then your refund is mileage or time pro-rated. Use in the case of a new car would be for the car rental or roadside assistance. After 60 days, then it is pro-rated less a $25 "processing fee".

If you sell/trade the Honda - or if your Honda is stolen or totalled (wrecked beyond repair) you can cancel the plan and get a pro-rated refund of what you paid.

The advantage to waiting in this scenario is that if you purchased the HondaCare when you get the car then 2 more years or pro-rate comes off your refund! Since you get a "benefit" even while the standard warranty runs then that counts. Something to thinking about, should you decide to get something else before your EW is up.

For example:

You buy a $0/7yr/100k warranty for $1,000 the day you buy the car. 4 years later you trade the car (with 50k on it) for a new one. HC should refund you 3/7 of what you paid for the unused warranty less the $25 fee or $403.57.

You buy a $0/7yr/100k warranty for $1,000 23 months and 29 days after you buy the car. 4 years later you trade the car (with 50k on it) for a new one. HC should refund you 3/5 of what you paid for the unused warranty less the $25 fee or $575.00

You buy a $0/7yr/100k warranty for $1,060 35 months and 29 days after you buy the car. 4 years later you trade the car (with 50k on it) for a new one. HC should refund you 3/4 of what you paid for the unused warranty less the $25 fee or $770.00

You can run the numbers yourself for other terms, but IF you don't need the roadside and rental coverage, it makes a strong case for waiting just under 2 years or just under 3 to buy. You pay little or nothing more, but if your car is stolen, totalled, or you trade it you get a LOT more of your money back.

You CAN transfer HondaCare to the new owner (and use it as a selling tool) for $50 . If the car goes through a DEALER then the warranty is no longer valid. The warranty can only be transferred one time and then it is invalid.

HondaCare is unique in that is tied to the car AND the person. If you buy a used Honda CAR or TRUCK with HC on it - it does you NO GOOD unless you can track down that owner and get them to transfer it to you. Folks can purchase multiple HC plans for the same VIN - and a HC rep told me "we see this all the time" - cars with 2 or 3 HC plans on the same VIN. The prior owners forgot they had the coverage and never applied for a refund!

HondaCare for motorcycles is tied to the VIN of the bike and not the VIN and owner, FWW.

Dennis

qbrozen

Actually, I believe they would prorate based on "whichever comes first" mentality, wouldn't they? So, in either of your last 2 examples, you'd be refunded about half since you have 50K miles, regardless of how many years are left.

dwynne

I started to leave the miles out of it entirely. It DOES say that they prorate on whichever comes first but when they ask the miles why wouldn't you just put down 30k or something - right ? I have never heard of anyone being asked to provide a mileage statement or anything - they always go by the months. The exception would be if you have had it in for service and the mileage was recorded. For sure if you had a claim on the HC EW.

Of course, when you BUY the warranty you have to state the miles. So if I BUY it with 24,000 miles on the car then I am only getting a 76,000 mile warranty for my money. So if I trade the car with 50,000 miles on it then I will have used up just 34% of my allowed miles so I should be back 66% of the money base on miles.

Now that I think about it, it should work that way. It does I know for months - so it will for miles as well. We would need to figure that into the refund amounts and adjust them if the miles would make it less. Still be more than 50%, though.

I don't tend to put a lot of miles on a car, since I have more than one (and 2 motorcycles) so in my case this would not be an issue.

Dennis

qbrozen

its friday. my head hurts.

dwynne

I have not had time to look at it in depth, but you have to be under 24k miles to not pay an additional fee. So if you pay $1,000 at 24 months and 24k miles you are getting a 76k mile warranty for $1,000. You trade the car 2 years later with 50k on it and you used 26,000/76,000 = or 34.2 percent of the warranty so would have 65.8% coming back.

So by miles you would get back $633.

By months, you purchased at 24 so you got 60 months for $1,000 and used 24/60 (40%) of them so have 60% coming back or $575 back.

In either case, it looks like buying later is the smarter move (unless prices go up) since if anything happens to your car or you trade it you would get more money back for cancelling your HC warranty that way.

For a high mileage driver, just make sure you buy before 24k (to save $60) or before 36k (to save $160), the rest of us can just wait for 2 or 3 years to buy....

Dennis

qbrozen

which is what we did. Bought it at 23,999 (ok, not exact, but very close to it). I figured we should at least own the car that long to make sure we like it, it meets our needs, etc, etc.

cccompson

What model Honda do you have? If it's an Odyssey, your $1145 for a 7/100 EW
is only about $75 more than the absolute lowest price available anywhere.

cccompson

Thank you for sharing such detailed (and much appreciated) information in your recent posts, dwynne.

journalboy

I'm a do-it-yourself mechanic from oil changes to brake pads and more. Can anyone here tell me what is necessary for me to have appropriate records to show a Honda dealer that I have maintained the vehicle properly should my 2005 CR-V need warranty service?

finzz

If I'm reading these posts correctly, it might make more sense for me to wait up to 24 (23+) before purchasing the Extended Warranty.

I just went thru the Honda Care web site and the cost for my new Accord should be $1,020...? It'll be interesting to see how much the dealer wants

If I'm wrong in what's stated above, please don't hesitate to put me in my place!

Thanks for the help folks...

dsrtrat2

I also change my own fluids and was told to keep receipts from the purchase of filters and oils. The obvious is to record dates and mileage of services performed. I'm a believer in using Honda's filters and ATF. Oil, to me, should be about the same whereever it is bought.

dwynne

That is correct.

There is a modest (currently $60) fee if you purchase between 24 and 36 months or 24,001 and 36,000 miles and a $160 fee from 36-42 months or 36,001-42,000 miles. If you purchase before mile 24,000 or before 2 years from original purchase date then there is no extra fee.

You do not get the extra rental car and roadside coverage, but you can keep your money longer and get more of it back if you cancel the policy later.

Dennis

dwynne

That should be all that is needed.

The dealer gets paid for HondaCare claims, so they are not likely going to really bust your chops on the exact service schedule. But if you bring in a car that does not appear to have been properly maintained or has a failure that could be caused by improper maintenance then they can and will ask for a history.

I don't drive a lot of miles and my dealer of choice takes Saturday service appointments, so I just let them do the dirty work when it is time. They usually send me a discount coupon, and I also get the work "in the books". I also figure a regular customer may get the benefit of the doubt on an iffy claim...

Dennis