I spoke with a Honda dealership about their latest promotion, which included a 4 year, 100K mile warranty. It turns out that this is not Honda Care, but "Easy Care" by Ford, which covers only powertrain. She then quoted me a 7/100 from Honda Care for $1695, which sounds outrageous.
Can anyone give me some more background on their experiences with what Honda Care covers, versus just powertrain, and whether I should be leery about this offer for their free 4/100?
For an Ody, 7yr/100k/$0 is $1050-1150 from a discount dealer. No need to buy when you get your new van, the price does not go up (unless Honda has a price increase) until you hit 24 month or 24k miles, then again at 36/36k.
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I'm thinking of buying a 2005/06 Accord Coupe EXL with 5 speed. Should I get the Honda Care also? Any feedback on how this car holds up? I plan to keep it for the long haul. The fancy climate controls/radio have me thinking it might be a good idea to get extended converage.
However, a 7yr/100k/$0 deductible plan backed by Honda is around $800-850 (I4) or $850-900 (V-6) for an Accord from a discount HondaCare/Honda dealer.
With the high cost of labor and parts - and the complicated nature of today's cars it would only take one or two after warranty failures to more than pay for the plan. Honda has one of the shortest warranties in the industry now - 36/36k so that leaves a lot of time and miles uncovered if you are in it "for the long haul".
Note that you can wait up until your car has 24k or is 24 months old to buy w/o a price penalty ($60). If you go past 36/36k but under 42/42k the penalty is $160. So no need to buy it with the car and for SURE no need to pay the inflated prices most dealers try to get for this coverage.
Would you please provide the contact information for College Hill Honda and Curry Honda?
I don't have any contact info, never purchased from either place. On my S2000 HondaCare I got it from another dealer and we have not purchased it (yet) for my wife's Accord. If you click on the links I posted there should be contact info there.
Note that those may not be the cheapest places you can find the warranty, so shop around.
I have been trying to cancel my Honda Care for the last month now. I sent the paper in to the dealership and so far no answer from them after emails and phone calls. I got the EW for the 05 Accord for $1140 7/100K miles. However, on the Honda Care contract, it stated 7/75K miles! :mad: I financed it through a loan from American Honda. Am I going to get my payment readjusted or will it factor into my loan and I will be several payments ahead? What a nightmare! If anyone of you live in Colorado, avoid Burt Kuni Honda. Their Customer service sucks.
I think I would have taken this up with HondaCare directly. Since the dealer ripped you off, then it would be likely they could "lose" your paperwork and not get this cancelled for a full refund.
Call the HondaCare customer service number and tell them what happened and you want to cancel ASAP.
You didn't really think the Honda dealer that did this would really help you out, did you? I would assume if they are low enough to mess you up on the deal the first time then they are low enough to keep doing it.
I think you can. If you cancel now, you either get a full refund (if within 30 days?) or a pro-rated refund based on the miles and months since you purchased the warranty.
If you are past the 100% refund point, then study your options and prices. If you over paid for the warranty, then you could probably get a pro-rated refund on the high price warranty and then later buy another warranty from a discount dealer and save money. If you have had the warranty for a while and didn't over pay, then you might be better to keep it as is.
Also, if the warranty was financed in with your car then HondaCare will refund the money to BANK and not to you. It will count toward paying off the loan, but not put any extra money in your pocket now.
Anyone have details on what the extended warranties do cover? I have the EXL with NAV & DVD - will the "electronics" be included or excluded? Anyone know where to get the details before making a purchase? Thanks
Let us know how you make out. Not all dealers are bad, but enough of them are that it does put a lot of folks off of buying a car. I find it fun, but I guess I am just weird. The forums here and other online sources are super to educate folks on what a good deal is, how to deal, how to price the warranty, etc.
I called Honda Care and they told me that the policy has been cancelled, however, I do not have the $1145 nor has it been sent back to AH to apply toward my loan. The weird thing was on the cancellation form, the dealer circled "yes" on the loan being as paid off. AH sent the refund back to the dealer. AH told me typically, the refund is applied to the loan but the dealership wanted the refund check sent to them. I called the dealership and they are trying to figure out where the check is :confuse: My impression is they are not HONEST or they have not done this before. I doubt the latter because they are one of the biggest dealerships in town. I love my car but I have the fact that I have no place to take my car for service is not a comforting thought. If any one of you thinking of purchasing a car from Burt Kuni Honda in Centennial, CO, be aware!
Can I get the refund sent to me? I want this money to buy a new policy rather than apply this to my current loan.
If the warranty was financed then "by rule" the money should have gone to the finance company - I assume this was American Honda Financial Services? Then they either re-do your payment or just take it off the back end. You will make the same payment but will pay the car off x months sooner.
Did you ask HondaCare to confirm the price the dealer reported for the warranty? I wonder if they somehow misstated the warranty price on the form so wanted the check to cover for this? For sure they seem to be completely unable to process paperwork in a correct and timely manner.
I would get onto the loan bank and HondaCare again and again state your displeasure at the dealer being sent the check. It is possible that they DID pay the bank the money, you will need to call to check.
Is there an attorney general in your state, or the motor vehicles dep't. One of them should handle shady dealings by the dealer. Start filling out the paperwork!
I don't know the specifics of your case (and I don't require them) - in general, if you bought the extended warranty at list price it's not bad behavior on the part of the dealer. Just like it's not bad behavior on the part of one store to sell something higher than another store who has it on sale.
ENGINE: Including the Timing Belt, If due to MECHANICAL BREAKDOWN FLUIDS/OILS as required for the repair of a covered part
TRANSMISSION: including the Shift Cable GENUINE HONDA FACTORY INSTALLED NAVIGATIONAL DEVICES
FRONT, REAR AND 4WD AXLES AMERICAN HONDA AUTHORIZED ELECTRONIC/AUDIO ACCESSORIES: including cellular telephones, rear entertainment and DVD systems that are factory installed, or DEALER installed according to AMERICAN HONDA factory specifications.
COMPUTERS/ELECTRONICS: including Switches, Sensors, SRS Control Unit
Just got back from dealer trying to sell me Warranty from CNA for 1500. Does any one know which offer better coverage the CNA policy or Honda Care Policy.
You will always have better luck with a manufacturer-backed policy than a third party company. If CNA goes under (always a possibility with these joints), you're shucksouttaluck. Honda isn't going under anytime soon.You'll also have less trouble finding a shop to work on your vehicle with a Honda contract-all Honda dealers are set up to handle these contracts. With an aftermarket service contract, it's a crapshoot. As for coverages-there are many choices with either company. The best Honda Care will cover more than the best CNA contract. There is no such thing as bumper to bumper. The best you can get is called an 'exclusionary' plan. It will state 'Everything is covered except..." and there will be a list of not-covered items.
Notice I don't call them Warranties. They are service contracts and you have to follow the letter of the contract. Be sure to read the WHOLE thing, even the tiny letters, before forking out any cash.
Hondacare states it does not cover gaskets and seals is this correct? The CNA policy does it is what you say and exclusinoary plan. but the cost is 1500 or 450 more than honda cars.
I've read why should you buy or why should you NOT buy EW (honda care), and would like to give my two cents (+ Clark Howard's opinion for those who know who he is).
First, what Clark Howard says about EW. He tells his listeners that he is in neutral on EW. Some cars it makes sense, some cars it doesn't make sense. It may be a good INVESTMENT/INSURANCE if you ever use it. With the cost of auto repair going up and up, it maynot be a bad thing. But he leave it up to the owner to decide.
Clark does not care for any third party EW, but tells only to buy manuf. EW only, in this case Honda Care. There are so many things that could go wrong with third party EW, it is not worth the trouble on top of your car trouble.
Second, my thoughts. If your auto insurance was optional, not mendatory, I am sure we will be have a same type of conversation. Some people would say, "for past 20 years, I never got into an accident, I don't need auto insurance". But since auto insurance is required by law, we don't discuss about it. Point is, when things are optional, there will be arguments to both sides. Let's not trash Honda name or it's quality.
Personally, I am considering purchasing EW. Cost of repairing any thing beyond standard warranty is very costly. i.e. when your check engine light comes on, and get it inspected, be ready to pay up around $100 give or take $20.
It cost of 7/100k cost somewhere around 1100, it comes out to be less than $15 month investment-not too shabby.
I don't know what each covers, I don't have any contracts to read here. From the prices you give, I'd bet the Honda one is not their best one. Manufacturer-backed plans usually cost more than their aftermarket counterparts. (for good reason)
Clark Howard, whoever he is, has it right. I'm pretty much on the "no service contract at all" side, but if you gotta buy one, manufacturer-backed is the way to go.
A service contract won't pay diagnosis, unless problem is a covered component. Usually won't pay much diagnosis, if any.
I was quoted $1550 for the HondaCare EW warranty 7/yr/100K no ded. Is there a flat price for the EW for the different models?
In CR it doesn't recommend getting Ext Warranties, but if you're going to have the car longer than 3 years, it seems to make sense. Does anyone know why CR doesn't suggest the EW?
Because you will rarely see a return on your money. Especially with aftermarket joints. You get close to the $$ you paid in and they get reeeaaallly picky about what they will pay for.
The warranty price is the same for all trim levels of the Ody. Around $1,100 would be a good price for 7yr/100k/$0 for it.
Like was mentioned, I would not spend a penny on a 3rd party warranty - just ask the thousands who had a "Warranty Gold" policy when they went out of business. At lease HondaCare is Honda backed and is accepted w/o question at any Honda dealer.
Will you need it? Who knows? Will it save you money? Who knows? Will it make it easier to sell your used Ody down the road (inside 7/100k)? Sure. Will you get more for yours with the warranty? Probably. Can you cancel it for a pro-rated refund if your Ody is stolen or totalled - or you trade it at the dealer? Yep.
I do know with the high cost of parts and repair labor at the dealer - and the "puny" Honda 3/36k warranty that you might be glad you have it. I plan on getting it for my wife's new Accord right at 24/24k - and I have it on my S2000. Better safe than sorry - and the key is to buy it extra cheap, not at some dealer inflated price.
I am going to be purchasing my Accord tonight. I'm curious what dealerships told you that they would honor the $850 price for the 7 yr/100k/$0 deductible warranty? I'm interested in getting this warranty, but want to make sure I get the best price.
Print the College Hills page out and take it with you. I think you can probably find a dealer online that will do better than this price by $50 or so - if you spent some time hunting around.
Show them your print out and tell them to beat that price or you will just get it from CollegeHills. The dealers all pay the same and if one can sell it for $845 and make money then your dealer can as well.
Keep in mind, I always advise waiting until just before 24 months or 24,000 miles to purchase. The warranty is refundable on a pro-rated basis and no extra fee is charged (unless the price goes up) if you buy before 24/24k. The pro-rate starts on the date/miles you buy - so if you trade the car or it is totalled or stolen buying "late" nets you back a good bit more money than buy at the time you purchase the car.
OK, I really have no idea what I am doing and just happened to search for "Honda Extended Warranty" and found this posting board. I am going to pick up my new Accord in St. Louis, MO tonight and definitely want the extended warranty, but don't want to over pay. You are saying I should wait to buy it? Also, who is this Eric guy that is selling the warranties??
Correct. There are some benefits to buying it now - like you get to finance it with the car (if not paying cash) and maybe at a low promo rate, and car rental coverage. But unless you just have to have either of those, then I think it is better to wait. Below is a copy of a note I posted a couple of months back with an example.
Dennis
(Someone else said) 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.
(I said) 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.
I've read the posts with interest. Particularly about negotiating the extended warranty price. I had assumed this was a Honda standard price. However all posts refer to sources in USA. I presume I cannot purchase a valid extended warranty from a USA dealer. My standard warranty is from Honda Canada & specifies for cars operated mainly in Canada. Searching the forums there was only 1 Canadian enquiry in 2003, with no reply. So any information on cheaper sources for a Honda Extended warranty applicable in Canada would be appreciated. I have a 2 week old 2005 Pilot (I dont want a 3rd party warranty, had trouble with these in the past!) Ralph
A question - I am about to buy a CPO Acura and want to also purchase an AcuraCare extended warranty. Is there such a thing as a wrap around AcuraCare warranty to go with the certified pre-owned coverage or do I have to buy the standard AcuraCare warranty and, in effect, pay to cover the stuff that comes free under the CPO warranty? Thanks!
One would ASSUME that since the powertrain is covered to 7/100k that adding the HondaCare on top would be done at a discount off of what it would cost for a non-CPO car.
As a price comparison I paid $1229 for a Honda warranty from Warranty Warehouse on my wife's Civic. They are one of those 3rd party companies that everyone badmouths but I have had nothing but good experiences. The warranty is an exclusionary policy which is supposed to be better than a list of coverages. Its for 6yrs / 100,000 miles. And my dealer accepts it. Hope that helps.
You can get the real HondaCare plan for the Civic for $795 for 7yrs/100k/$0 deductible at CollegeHills, and for less by probably $50 if you shop around. I don't know why anyone would pay more than $400 EXTRA for an aftermarket warranty and why they would risk their money on a company that might not be there tomorrow. Just ask the "Warranty Gold" customers how things are for them.
It's Honda Care warranty. $805 for 6yr/75k $0 deductible for an Odyssey.
For the original warranty, does anyone know if all of the electronics are covered? For instance, I'm worried about the CD and DVD system (since it's new in the 2005 model). What if they don't work, or if the DVD screen dies?
3yr/36k bumper to bumper means just that ... it covers EVERYTHING from one end of the car to the other (aside from regular maintenance items, of course).
It is not the same as the basic warranty. Any service contract (manufacturer or otherwise) that calls itself bumper to bumper is not bumper to bumper. There are more exclusions with a service contract than the basic mfg warranty.
I'm not following your use of terms. Basic warranty? You mean the manufacturers factory warranty? Which is typically comprised of a Bumper-to-Bumper warranty and a Powertrain warranty?
Service contract? You mean a contract for future maintenance? That's not associated with any warranty. Unless you meant extended warranty?
In which case, yes, typically, extended warranties do not cover exactly the same things as the Bumper-to-Bumper warranty. However, I was told HondaCare covers the same as their bumper-to-bumper factory warranty, but I never really compared them side by side to confirm.
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A lot of differences between the HondaCare extended warranty and the 3yr/36K original warranty..
HondaCare is a good extended warranty, but it is by no means comprehensive.. A decent value if you buy it cheap.. Not so good, if you get it marked up $600-$700.
Yes, basic warranty means what the car comes with from the factory. A warranty is a promise, made by a manufacturer to repair any defect in their product for a set time/mileage. A service contract is what you buy when a company promises to fix specified components for a set time/mileage. 'Extended warranty' is a misleading term. People think it will take care of them like a warranty does. It doesn't work that way. The manufacturer-backed plans are the best, but they still are not warranties.
I don't deal with Honda warranty (I work at a GM dealer), but I have yet to find a service contract whose coverage listing states 'refer to your owner's manual, that's what we cover'. There is a mountain of words in a service contract, and any person wanting to buy one needs to read and understand every word.
See, now, I think of a service contract as a pre-paid maintenance plan. For instance, a service contract would cover oil changes and whatnot. I mean, you take your car to get serviced when you want an oil change, right? Hence my confusion at the term "service contract."
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What you (and I) normally refer to as a service contract is also sold by Honda... and, it carries the same HondaCare name... covering scheduled maintenance and so forth...
I know the terms can get confusing (as kyfdx mentions above).
A service contract covers repairs while a Maintenance contract covers oil changes, tire rotations, that sort of thing.
I work in a Service Department, but we do much more than oil changes.
You'll notice on the websites of companies selling service contracts: they'll have Extended Warranty in big letters, but in the finer print, their contracts are referred to as service contracts or service plans. It may be a legal thing where they can't call their contracts 'warranties'. Many will also claim to have 'bumper to bumper' plans, then turn around and say something like 'well, technically, there's no such thing as bumper to bumper, but ours is as comprehensive as they get'
I found something new in a service contract I read today (it's a hobby). They won't pay for any part when a manufacturer has issued an 'updated' or new style part. I've found most contracts won't cover anything mentioned in a Technical Service Bulletin, but this is the first I've seen that won't pay for new style parts. Unfortunately, my customer's trouble involved a new style part and a TSB, and the part's not "broken", just noisy and irritating.
I got new Ody EX-L last week. The dealer quoted from 1750 for 7Yrs/100K. Dealer also told me that if I don't take it right away, I may not be able to get the same price after one year (when the complete warranty not just the 3yr/36k transmission) expires. Is it true? When is the best time to buy the HC warranty for a new odyssey and what should be the good price for it? Also if I have any issues with my Ody during first year, would they quote higher HC warranty after one year when I try to get the HC warranty)?
It is $1,180 there, similar prices can be found at other online HondaCare dealers.
The price goes up $60 after your van hits 24 months old or hits over 24,000 miles. At 36/36k the price goes up $160. At 42/42k you can't buy the plan. That is if the price does not go up due to inflation or Honda raises the prices.
If you have problems or do not have problems will not matter for the HondaCare price.
My advice is that unless you need the car rental coverage and trip interruption coverage offer with HondaCare you should wait until just under 24/24k and pay the same - or wait until under 3/36k and pay the $60 extra.
If your van is stolen or totaled - or you trade it in - you can get a pro-rated refund of your purchase price. The pro-ration starts the day you buy the HONDACARE - not the van. So buying it early nets LESS refund later.
Comments
Can anyone give me some more background on their experiences with what Honda Care covers, versus just powertrain, and whether I should be leery about this offer for their free 4/100?
Thanks
http://www.collegehillshonda.com/hondacare/contract_coverage.htm
http://www.collegehillshonda.com/hondacare/warranty_benefits.htm
http://www.collegehillshonda.com/hondacare/warranty.htm
For an Ody, 7yr/100k/$0 is $1050-1150 from a discount dealer. No need to buy when you get your new van, the price does not go up (unless Honda has a price increase) until you hit 24 month or 24k miles, then again at 36/36k.
Dennis
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Please let me know what you think.
However, a 7yr/100k/$0 deductible plan backed by Honda is around $800-850 (I4) or $850-900 (V-6) for an Accord from a discount HondaCare/Honda dealer.
With the high cost of labor and parts - and the complicated nature of today's cars it would only take one or two after warranty failures to more than pay for the plan. Honda has one of the shortest warranties in the industry now - 36/36k so that leaves a lot of time and miles uncovered if you are in it "for the long haul".
Note that you can wait up until your car has 24k or is 24 months old to buy w/o a price penalty ($60). If you go past 36/36k but under 42/42k the penalty is $160. So no need to buy it with the car and for SURE no need to pay the inflated prices most dealers try to get for this coverage.
Dennis
I don't have any contact info, never purchased from either place. On my S2000 HondaCare I got it from another dealer and we have not purchased it (yet) for my wife's Accord. If you click on the links I posted there should be contact info there.
Note that those may not be the cheapest places you can find the warranty, so shop around.
Dennis
Call the HondaCare customer service number and tell them what happened and you want to cancel ASAP.
You didn't really think the Honda dealer that did this would really help you out, did you? I would assume if they are low enough to mess you up on the deal the first time then they are low enough to keep doing it.
Dennis
After 2 weeks, the money was applied directly to principal. I still have to make the same monthly payment, but it will be paid off quicker.
Honda Care Customer service: (800) 999-5901
Dennis
Can you later purchase HondaCare back again for the same van from a differnt dealer.
I am thinking I need longer coverage.
If you are past the 100% refund point, then study your options and prices. If you over paid for the warranty, then you could probably get a pro-rated refund on the high price warranty and then later buy another warranty from a discount dealer and save money. If you have had the warranty for a while and didn't over pay, then you might be better to keep it as is.
Also, if the warranty was financed in with your car then HondaCare will refund the money to BANK and not to you. It will count toward paying off the loan, but not put any extra money in your pocket now.
Dennis
Anyone know where to get the details before making a purchase?
Thanks
http://www.collegehillshonda.com/hondacare/warranty_benefits.htm
http://www.curryhondacare.com/cov.cfm
Dennis
Thanks for the phone #, Dennis
Dennis
Can I get the refund sent to me? I want this money to buy a new policy rather than apply this to my current loan.
Did you ask HondaCare to confirm the price the dealer reported for the warranty? I wonder if they somehow misstated the warranty price on the form so wanted the check to cover for this? For sure they seem to be completely unable to process paperwork in a correct and timely manner.
I would get onto the loan bank and HondaCare again and again state your displeasure at the dealer being sent the check. It is possible that they DID pay the bank the money, you will need to call to check.
Dennis
them should handle shady dealings by the dealer. Start filling out the paperwork!
I don't know the specifics of your case (and I don't require them) - in general, if you
bought the extended warranty at list price it's not bad behavior on the part of the
dealer. Just like it's not bad behavior on the part of one store to sell something
higher than another store who has it on sale.
--SRL
http://www.collegehillshonda.com/hondacare/contract_coverage.htm
Examples of Systems covered:
ENGINE: Including the Timing Belt, If due to MECHANICAL BREAKDOWN
FLUIDS/OILS as required for the repair of a covered part
TRANSMISSION: including the Shift Cable
GENUINE HONDA FACTORY INSTALLED NAVIGATIONAL DEVICES
FRONT, REAR AND 4WD AXLES
AMERICAN HONDA AUTHORIZED ELECTRONIC/AUDIO ACCESSORIES: including cellular telephones, rear entertainment and DVD systems that are factory installed, or DEALER installed according to AMERICAN HONDA factory specifications.
COMPUTERS/ELECTRONICS: including Switches, Sensors, SRS Control Unit
AIR CONDITIONING/HEATING/COOLING
CHASSIS: Suspension, Steering and Brake System
Spyderred.
Notice I don't call them Warranties. They are service contracts and you have to follow the letter of the contract. Be sure to read the WHOLE thing, even the tiny letters, before forking out any cash.
Hondacare states it does not cover gaskets and seals is this correct? The CNA policy does it is what you say and exclusinoary plan. but the cost is 1500 or 450 more than honda cars.
Thanks
First, what Clark Howard says about EW. He tells his listeners that he is in neutral on EW. Some cars it makes sense, some cars it doesn't make sense. It may be a good INVESTMENT/INSURANCE if you ever use it. With the cost of auto repair going up and up, it maynot be a bad thing. But he leave it up to the owner to decide.
Clark does not care for any third party EW, but tells only to buy manuf. EW only, in this case Honda Care. There are so many things that could go wrong with third party EW, it is not worth the trouble on top of your car trouble.
Second, my thoughts.
If your auto insurance was optional, not mendatory, I am sure we will be have a same type of conversation. Some people would say, "for past 20 years, I never got into an accident, I don't need auto insurance". But since auto insurance is required by law, we don't discuss about it. Point is, when things are optional, there will be arguments to both sides. Let's not trash Honda name or it's quality.
Personally, I am considering purchasing EW. Cost of repairing any thing beyond standard warranty is very costly. i.e. when your check engine light comes on, and get it inspected, be ready to pay up around $100 give or take $20.
It cost of 7/100k cost somewhere around 1100, it comes out to be less than $15 month investment-not too shabby.
Clark Howard, whoever he is, has it right. I'm pretty much on the "no service contract at all" side, but if you gotta buy one, manufacturer-backed is the way to go.
A service contract won't pay diagnosis, unless problem is a covered component. Usually won't pay much diagnosis, if any.
In CR it doesn't recommend getting Ext Warranties, but if you're going to have the car longer than 3 years, it seems to make sense. Does anyone know why CR doesn't suggest the EW?
thanks,
Like was mentioned, I would not spend a penny on a 3rd party warranty - just ask the thousands who had a "Warranty Gold" policy when they went out of business. At lease HondaCare is Honda backed and is accepted w/o question at any Honda dealer.
Will you need it? Who knows? Will it save you money? Who knows? Will it make it easier to sell your used Ody down the road (inside 7/100k)? Sure. Will you get more for yours with the warranty? Probably. Can you cancel it for a pro-rated refund if your Ody is stolen or totalled - or you trade it at the dealer? Yep.
I do know with the high cost of parts and repair labor at the dealer - and the "puny" Honda 3/36k warranty that you might be glad you have it. I plan on getting it for my wife's new Accord right at 24/24k - and I have it on my S2000. Better safe than sorry - and the key is to buy it extra cheap, not at some dealer inflated price.
Dennis
Print the College Hills page out and take it with you. I think you can probably find a dealer online that will do better than this price by $50 or so - if you spent some time hunting around.
Show them your print out and tell them to beat that price or you will just get it from CollegeHills. The dealers all pay the same and if one can sell it for $845 and make money then your dealer can as well.
Keep in mind, I always advise waiting until just before 24 months or 24,000 miles to purchase. The warranty is refundable on a pro-rated basis and no extra fee is charged (unless the price goes up) if you buy before 24/24k. The pro-rate starts on the date/miles you buy - so if you trade the car or it is totalled or stolen buying "late" nets you back a good bit more money than buy at the time you purchase the car.
Dennis
Dennis
(Someone else said) 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.
(I said)
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.
However all posts refer to sources in USA. I presume I cannot purchase a valid extended warranty from a USA dealer. My standard warranty is from Honda Canada & specifies for cars operated mainly in Canada. Searching the forums there was only 1 Canadian enquiry in 2003, with no reply.
So any information on cheaper sources for a Honda Extended warranty applicable in Canada would be appreciated. I have a 2 week old 2005 Pilot
(I dont want a 3rd party warranty, had trouble with these in the past!)
Ralph
http://automobiles.honda.com/certified/hondacare.asp?bhcp=1&BrowserDetected=True
One would ASSUME that since the powertrain is covered to 7/100k that adding the HondaCare on top would be done at a discount off of what it would cost for a non-CPO car.
Dennis
You can get the real HondaCare plan for the Civic for $795 for 7yrs/100k/$0 deductible at CollegeHills, and for less by probably $50 if you shop around. I don't know why anyone would pay more than $400 EXTRA for an aftermarket warranty and why they would risk their money on a company that might not be there tomorrow. Just ask the "Warranty Gold" customers how things are for them.
Dennis
It's Honda Care warranty. $805 for 6yr/75k $0 deductible for an Odyssey.
For the original warranty, does anyone know if all of the electronics are covered? For instance, I'm worried about the CD and DVD system (since it's new in the 2005 model). What if they don't work, or if the DVD screen dies?
Would the extended warranty cover that too?
And, yes, the stereo, Nav, etc are covered on the extended warranty. see the bottom of this page:
http://www.griffithhondacare.com/HondaCareMain/HondaCare_Start.cfm
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Service contract? You mean a contract for future maintenance? That's not associated with any warranty. Unless you meant extended warranty?
In which case, yes, typically, extended warranties do not cover exactly the same things as the Bumper-to-Bumper warranty. However, I was told HondaCare covers the same as their bumper-to-bumper factory warranty, but I never really compared them side by side to confirm.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
HondaCare is a good extended warranty, but it is by no means comprehensive.. A decent value if you buy it cheap.. Not so good, if you get it marked up $600-$700.
regards,
kyfdx
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I don't deal with Honda warranty (I work at a GM dealer), but I have yet to find a service contract whose coverage listing states 'refer to your owner's manual, that's what we cover'. There is a mountain of words in a service contract, and any person wanting to buy one needs to read and understand every word.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
What you (and I) normally refer to as a service contract is also sold by Honda... and, it carries the same HondaCare name... covering scheduled maintenance and so forth...
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A service contract covers repairs while a Maintenance contract covers oil changes, tire rotations, that sort of thing.
I work in a Service Department, but we do much more than oil changes.
You'll notice on the websites of companies selling service contracts: they'll have Extended Warranty in big letters, but in the finer print, their contracts are referred to as service contracts or service plans. It may be a legal thing where they can't call their contracts 'warranties'. Many will also claim to have 'bumper to bumper' plans, then turn around and say something like 'well, technically, there's no such thing as bumper to bumper, but ours is as comprehensive as they get'
I found something new in a service contract I read today (it's a hobby). They won't pay for any part when a manufacturer has issued an 'updated' or new style part. I've found most contracts won't cover anything mentioned in a Technical Service Bulletin, but this is the first I've seen that won't pay for new style parts. Unfortunately, my customer's trouble involved a new style part and a TSB, and the part's not "broken", just noisy and irritating.
Also if I have any issues with my Ody during first year, would they quote higher HC warranty after one year when I try to get the HC warranty)?
It is $1,180 there, similar prices can be found at other online HondaCare dealers.
The price goes up $60 after your van hits 24 months old or hits over 24,000 miles. At 36/36k the price goes up $160. At 42/42k you can't buy the plan. That is if the price does not go up due to inflation or Honda raises the prices.
If you have problems or do not have problems will not matter for the HondaCare price.
My advice is that unless you need the car rental coverage and trip interruption coverage offer with HondaCare you should wait until just under 24/24k and pay the same - or wait until under 3/36k and pay the $60 extra.
If your van is stolen or totaled - or you trade it in - you can get a pro-rated refund of your purchase price. The pro-ration starts the day you buy the HONDACARE - not the van. So buying it early nets LESS refund later.
Dennis