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Comments
I am looking at buying a 03 Civic EX, my first Honda, with 45391 miles on it. All these sites listed on this board (jayhondacare.com for example) that sell HC EW say I have to many miles on it to get it yet I see people telling other people with more miles on there cars to buy a HC EW. How is this possible??? And if they sell ones for used cars, how much more will they cost? Where do I get them?
I want a 6/100,000 mile warranty. If I am understanding right that six years would start from the date I buy the EW, not the cars year and that the 100,000 miles is total Odomiter reading. Is th is correct?
Thanks!
Dalobo
Before 09/01/2005 the limit was 42k miles, now it is 36k miles (note that some dealers might date your contract 8/31 to get a car under the wire). The 45k on the Civic you are looking at is too many in any case.
I guess the good news is that Civic MUST have been highway miles, right? To get so many so quick? Those are typically easier on the car than city miles.
Dennis
Watch those "tire damage" provisions. If it's a prorated arrangement, it's usually prorated from an inflated "adjustment price" that's significantly more than the same series tire would cost at any tire shop that carries that brand. Prorated battery adjustments are also subject to those shananigans. When my '96 Accord's original Delco battery tanked (shorted cell) with seven months to go, my Honda dealer's adjustment price after prorating was still $27.00 more before installation costs than I payed outright for a higher capacity Delco battery that included installation at a local tire/alignment shop that carried batteries as a sideline. (I had to call AAA to come to the dealer to give me a jump - the dealer weanies wouldn't even extend me that small courtesy!)
In every state EXCEPT Florida, a 7 years/100,000 miles warranty for a Honda Odyssey via the internet is going for about $1050 which indicates its fair market value. However, in Florida and because of the “protection of its citizens” by the Florida Insurance Commission which DOES NOT ALLOW purchasing this warranty from out of state Honda dealers, Floridians are forced to pay $1880 or $800 MORE for the same product for our local dealers. This was the price I found when calling at several dealers last week.
For all non-Floridian Odyssey owners, raise your hand if you would be comfortable paying the higher amount for the same warranty didn’t anyone hear me? ..I’m not seeing any raised hands. Of course you wouldn’t as the market has already established the price; around $1050 for a 7 years/100,000 miles warranty.
I would consider paying a grand for this warranty but paying much beyond this amount indicates a HUGE PROFIT for the dealer and a HUGE GOUGE for the consumer. For this Floridian Odyssey owner, I am keeping my $2,000 in my pocket. I would recommend other Odyssey owners living in Florida do the same.
By the way, for those who have paid for this warranty at the dealer in person, did you charge you tax? Florida does (perhaps more salt on the wound.)
I ASSUME it is some law to protect all the elderly from being taken by some scam or other, but I am not really sure what the logic is behind it or the reasons for it.
If I were a Florida resident, I would spend some time finding the law that denied me a discount and set about getting it fixed if I could.
Dennis
(Children, can you say, "soft money campaign contributions"?)
Could you provide a link about that Florida law? I live in NY and could potentially purchase a Honda Care warranty some time within the next year, after which I will be a resident of FL. I would be interested in understanding whether my coverage would be impacted.
I was wondering what the best price anyone has found for a Honda 4cyl accord sedan 8yr/120k/$0 hondacare plan. I found $1055 @ college hills honda. Has anyone seen chaeaper???
Thanks!
Chris
I'm in the same boat. Just got the Wife an '05 Honda Accord 4cl today and looking for an extended warranty. The dealer wanted me to buy some third party warranty 6yr/75k/$0 for $1700. Thanks to this board, I knew to stay away.
I like the way it is handled here as it keeps the players honest, a rarity among car dealers, some of whom pose as consumers on forums just like this. Just so you know, it does NOT jack up the prices beyond reason. I'm buying an '06 Ody Touring in GA and if I want an extended Hondacare warranty I have to get it locally before 15K miles or I get a used vehicle warranty. As of today, in FL, a 6 yr, 100K mile zero deductible Hondacare OEM extended warranty costs $1,530. It makes no difference if I buy it in Pensacola or Miami; same Honda coverage = same price. Programs go up to up to 8 year, ZD, 120K miles and that is just over $2K or down to about $600 for something like 5/60, $100 ded. Like any other state, length and deductibles vary relative to price. Regarding the salty wound of tax on warranties, yes, we pay it,so what, 6% here. We also don't pay income tax and from what I've seen online, we are only paying slightly more than the risk of, "what's it gonna take to get you to drive away today with the peace of mind yet you have a worthless aftermarket warranty that makes me rich?" other states are subject to. This Floridian likes big brother looking out for my well being, don't knock it until you're been ripped off like one poster in this string (msg #572). Dealers still make money on both OEM and aftermarket programs here so this remains a viable yet equal sales tool for all. Soap box now stowed, thanks.
You do yourself a disservice, however. Obviously you are an educated consumer and you don't NEED the state to watch your back. You could save $500 or more on the warranty if your state didn't have this law. So while it may save SOME folks some money it costs YOU - the educated consumer - money and there is nothing you can do about it.
I would never buy a Saturn because I don't want a "one price" deal. I DEPEND on those before and after me to pay too much, then the dealer can afford to give ME a super deal. If I have to buy a one price car I will pay more than I would if I can deal.
To your way of thinking the state (AKA Big Brother) probably should pass a law and mandate all cars should be sold for MSRP? That way dealers could not over charge for them?
While it may help some folks, the smart shoppers like you are just paying way too much.
Dennis
I'm still waiting for a reply from them...
BTW, these folks were NOT always the cheapest - just in the last few weeks when they were "blowing out" the prices did they become the best . Prior to that HondAcuraWorld or CollegeHills or other places had better prices. So no guarantee that Bernardi will be the best price - once they get around to posting the price.
Dennis
Thanks for any advice on this,
Cyn in HI
Not familiar with the warranty changes but I'm curious what happens at 6,000 miles? In FL, I'm told the magic number when we switch over to a used vehicle extended warranty is 15K. This could be a state, not Honda requirement. Since I'm getting an Ody too I'd like more info on the recent Honda Care changes, will check with local dealer. They told me earlier the extended warranties just keep the OEM in place longer, nothing more, nothing less, except rental care and towing coverage from day 1.
Good points. Some regulation isn't always bad. Taking it to extremes like state mandated MSRP sales is going too far. I agree with you in that those consumers savvy enough to drive for good deals (like us) should be entitled to do so without restriction on the vehicle and warranty. I just don't mind that the commish is peeking over my shoulder to keep prices in check. This keeps dealer from selling high profit aftermarket warranties not at good as Hondacare/OEM for premium prices to uneducated consumers simply because they are excellent salespeople. I do wish the auto industry would post or at least make consumers aware of the cost of these warranties OUTSIDE the finance office! Dealers thrive on making you sweat the 'what ifs' at closing time while touting the flawless quality of their products before and after. Those that are weak become vulnerable at this critical phase, not me. Oversight keeps folks from making a costly mistake that is outside standard price norms. I appreciate and respect, and in some ways support your point of view. If we weren't on top of this stuff, we too could be ripped off.
HC is not a true bumper-2-bumper, but covers just about all major components. You won't be able to take your car in for rattles free of charge during the extended period, but trans and other parts essential to a working car are covered...just take the time to read the thing before you buy so you know exactly what you're getting.
I USED to always advise folks to wait until right before 24 months or 24k miles to buy, since you would get more back on pro-rated should you cancel the plan and there was no extra price penalty. I can't do that now - if your Honda gets more than 6,000 miles on it then you are stuck with a $100 deductible plan only.
In your case, how long will it take to get to 6,000 miles? For most folks that will not take long and the difference between buying now and in a few weeks will not be much should you cash out the policy way down the road. If it is going to take you months to put that many miles on, then you could wait.
I picked up policies for my new Hondas last month from Bernardi before the prices went up and they still appear to be the cheapest ones around. "Who knows" if they will have these cheap prices when you get to 6k miles. Unless it is going to take you a LONG time to get to that point I would get it now while the price is cheap.
Dennis
It looks like Bernardi is still the cheapest by a little bit, but the price has gone up. It looks like pre-9/1 VS now you get 5k more miles on the 7/75k/$0 plan but pay $50 more for the coverage. The $100 deductible plan sells for more money than the old $50 plan. For us low mile types, the 8th year is available but at a very steep price. Heck, even for high mile types the 8th year is pretty expensive - but you now can go to 120k and get the 8th year if you need it.
2005 CR-V
Old Price:
7 years/75,000 miles warranty: ($50 deductible = $566.00) OR ($0 deductible = $631.00)
7 years/100,000 miles warranty: ($50 deductible = $741.00) OR ($0 deductible = $806.00)
New Price:
7 years/80,000 miles warranty: ($100 deductible = $581.00) OR ($0 deductible = $681.00)
8 years/100,000 miles warranty: ($100 deductible = $836.00) OR ($0 deductible = $936.00)
2005 Accord I4:
Old Price:
7 years/75,000 miles warranty: ($50 deductible = $511.00) OR ($0 deductible = $571.00)
7 years/100,000 miles warranty: ($50 deductible = $686.00) OR ($0 deductible = $746.00)
New Price:
7 years/80,000 miles warranty: ($100 deductible = $521.00) OR ($0 deductible = $621.00)
7 years/100,000 miles warranty: ($100 deductible = $696.00) OR ($0 deductible = $796.00)
7 years/120,000 miles warranty: ($100 deductible = $796.00) OR ($0 deductible = $896.00)
8 years/100,000 miles warranty: ($100 deductible = $776.00) OR ($0 deductible = $876.00)
8 years/120,000 miles warranty: ($100 deductible = $876.00) OR ($0 deductible = $976.00)
2005 S2000:
Old Price:
7 years/75,000 miles warranty: ($50 deductible = $721.00) OR ($0 deductible = $766.00)
7 years/100,000 miles warranty: ($50 deductible = $1,111.00) OR ($0 deductible = $1,186.00)
New Price:
7 years/80,000 miles warranty: ($100 deductible = $716.00) OR ($0 deductible = $816.00)
8 years/100,000 miles warranty: ($100 deductible = $1,216.00) OR ($0 deductible = $1,316.00)
Keep in mind you have to buy with under 6k miles to get the new $0 plan or you are stuck with the $100 deductible plan.
Dennis
Thanks in advance,
Spyderred.
Spyderred.
Right now, http://www.hondawarrantyinfo.com (Bernardi) seems to have the best price. But you should check there, HondAcuraword, CurryHondaCare, CollegeHillsHonda, etc in case they have a better price.
Right now for a new 05 Ody with less than 6k miles on it Bernardi's web page shows:
7 years/80,000 miles warranty: ($100 deductible = $696.00) OR ($0 deductible = $796.00)
7 years/100,000 miles warranty: ($100 deductible = $1,001.00) OR ($0 deductible = $1,101.00)
7 years/120,000 miles warranty: ($100 deductible = $1,101.00) OR ($0 deductible = $1,201.00)
8 years/100,000 miles warranty: ($100 deductible = $1,081.00) OR ($0 deductible = $1,181.00)
8 years/120,000 miles warranty: ($100 deductible = $1,181.00) OR ($0 deductible = $1,281.00)
So for the $1,450 you paid for a 7/75k/$0 you could have an 8/120k/$0 and nearly $200 more in your pocket.
The "rules" for HondaCare say you can cancel within the first 30 days for a full refund. If you financed the HC plan (as you seem to have done) then it is up to the bank how the refund it done. Some have posted here that with Honda Financial it comes off the back end of the loan - in other words you keep paying the same payment you have now but there will be fewer of them at the end of the loan (to reflect the refund). Other banks my handle it differently and reduce your payment.
The number for Honda Care is: 1-800-999-5901
Dennis
Dennis
The only thing that I want to confirm is that I can actually buy this warranty (Honda Care) from ANY dealership in the country (I am not in FL) and get my car serviced under this extended Honda Care warranty at ANY Honda dealership regardless of were I bought the warranty. Is my understanding of this product correct or not?
mike
If you want to, get your best price before you buy the new van and then challenge the selling dealer to match or beat the price. If the online dealers can make money at that price, your dealer COULD too (if they choose to).
Dennis
Dwynne, your own words that the Florida Insurance Commissioner regulates the pricing of vehicle extended warranties ..."to avoid good ole' Uhmerkin competition " IS THE PROBLEM. With no competition, dealers can set their own price. Other states don’t “protect” its citizens with such draconian measure and as such, they benefit by paying half from what our “protected” residents pay. Why half? Because the dealer AND the consumers established the price. There are dozen of messages in this forum informing consumers where they can purchase the same warranty for reasonable prices because of a healthy dose of competition. This is what results when free market capitalism has a chance to exist.
We both appear to be informed consumers. However, it’s sad that you are so willing to acquiesce to the silly notion that Florida is protecting it residents. The second sentence in your post confirms that.
I’m sorry, what Honda dealer did you say that you work for or do you spend your days at the Florida Insurance Commissioner’s Office?
How do they know my car is under 6k miles if I order the warrenty on-line. If I have a car that's 8k miles, and I claim it's 6k, will they find out?
I understand you want to save money, but telling the truth is much less work in the long run.
Forgive my Bible-thumping, but I've seen a rash of "a little white lie won't hurt" postings here recently and it bugs me to see people circumventing the rules we are all supposed to be playing by for their own gains.
You are replying to davant but in the reply you use MY ID dwynne.
davant was replying to my post and said the things you object to, not me.
I am all for competition and think fixing the prices is a rip-off (for those who know how to deal).
Dennis
I think they apply a "reasonable" check to this. If you claim to have a Honda with less than 6k on the clock and they check and the VIN shows an in-service date of a "long time back" then they will likely require that you stop by a Honda dealer (any would do) and have them "certify" the actual mileage. If it is "reasonable" that you could have the miles you claim then they let you slide - and you hope you don't have to take your Honda in any time right away where you could get "busted" on the mileage.
As was mentioned, if you have had the Honda into a dealership for any reason then they could have access to the miles at that time. With BMWs (for example) all the services computers are tied into a main system, so any dealer COULD see the miles and date of any BMW's last oil change. I didn't think the Honda computers were tied together, Honda would have to know which dealer to contact to find out this info.
I think this same applies to cancelling a HC contract, the refund is based on miles or months (whatever nets them more money and less refund). When I traded my 01 S2000 for the 05 S I cancelled the 01's HC warranty. I had to fax HC a copy of the "legal" odo statement to prove miles. I would bet if you just wanted to cancel and had not sold the car, they would require a certified odo statement before they would issue the refund.
Dennis
I have another question regarding the rental car. Do we get the rental car regardless of where we have our ody fixed as long as it is a honda authorized service center? How does this work?
Thanks much,
Cyn in HI
Appreciate your feedback, opinions are like apertures, we all have one. I am a very satisfied new Honda Odyssey owner and I don't work for any of the agencies you mention, I'm not in the car business either.
After comparing Florida Hondacare warranty prices to other states it appears this lack of competition doesn't impact price that much, certainly not anywhere close to HALF. Do you see any posts from FLORIDA consumers complaining they got ripped off? FYI, capitalism is alive and well and I assure that every day I go to work. Keep smiling & GBA!