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Don't forget that you are not buying an 8-year warranty. You are only buying a 5-year extention to the original 3-year warranty that comes with most vehicles.
I just told my wife to call their 24/7 roadside guy over and over every time it acted up and get them to send someone out. Even if by the time they got there the van would start :mad:
I think a lot of this is the quality of the dealer - some will go to bat for you and some just don't care.
Speaking of AC compressors - a co-worker without HC just had his blow up in his Accord sedan to the tune of $1,500 or so. He was about 6-7k out of Honda's base warranty at the time. Ask him and his wife if $600-800 for coverage out to 7-8-10 years would have been worth it and he will tell you "you think?"
You just never know if you will need it or not.
Dennis
Since I am under 2 yrs from the date of purchase and less milage on the SUV I am still eligible to buiy the HondaCare warranty. I am from Michigan. Can someone please help as to what rates to expect and any references (I saw fe won message #649).
Please help!
7y/80k for $1145
6y/80k for $1055
5y/60k for $980
Does the 6/7 year quote look reasonable? He told that even if I buy the warranty today it will kick in from the first day I had bought my vehicle (is that true)?
BTW, the dealer also offered his own Ext Warranty (7y/75k) for $836 and said it is valid in US. I feel the Honda Care warranty will be more hassle free than a dealaer warranty Please comment.
Will appreciate your responses.
All of the HC packages include roadside assistance and loaner cars from day 1 of purchase - no matter if your Honda is in base warranty or not. This is true no matter where you purchase the HC warranty.
Anyway, the online current quote look strange - cheaper for 84k than 60k miles? You might want to call several of the online folks and pin down the exact price for your Honda.
Dennis
If you local guy is will to write a $0 contact for prices cheaper than online, just read the contract carefully and be sure the deductible and mileage and year limits are right - and that it is a HC contract - before signing. I don't think you can get a better deal online, if your local dealer really will do $0 at the prices you posted.
Worst case: Honda would not honor the contract and you get a full refund then you can start shopping over again.
Dennis
$891 for Honda Care from Bernardi's in MA (coverage is good anywhere in the US)
$1133 for California MBI, offered in CA.
The differences are in the fine print of the coverage:
The Cal MBI is bumper-to-bumper coverage, covering things that Honda Care won't: Including wear and tear on covered parts, as opposed to breakage; gaskets; fuel system; pilot bearings/bushings; and "work performed to improve compression or reduce oil or fuel consumption", i.e., bad pistons.
The cost difference is $242, and I'm leaning towards Cal MBI, even though it is more expensive. Any gasket work would more than pay this diff, I figure.
Also, the Cal MBI is good at any repair shop, including Honda Service Centers. Honda Care, of course, is only good at Honda.
Well? Whaddaya think? Thanks!
Mike
....Especially when it comes from a company that you don't REALLY know its reputation... Do you?
Exclusions:
Carburetor; battery; shock absorbers; manual transmission clutch assembly; friction clutch disc and pressure plate; throw out bearing; manual and hydraulic linkages; distributor cap and rotor; safety restraint systems; glass; lenses; sealed beams; light bulbs; brake rotors and drums; exhaust and emission systems; weather strips; trim; moldings; bright metal; chrome; upholstery and carpet; paint; outside ornamentation; bumpers; body sheet metal and panels; tires; wheels/rims; GPS navigation systems; phone systems and TV/video/entertainment systems.
Maintenance services and parts described in your vehicle's owner's manual as supplied by the manufacturer. (i.e. oil changes, tune-ups, brake pads, belts, hoses and spark plugs)
As for the exclusion list, I went through it and the exclusion list posted a few posts back for the HondaCare. HondaCare lists more components, but the MBI contract lists groups of items. For example:
HondaCare: exhaust system, head pipes, tailpipes, catalytic converters, mufflers, hangers.
MBI: exhaust and emissions systems
Both are exempting the same parts, HondaCare just lists individuals.
I did find the MBI covers the fuel system and pilot bearings/bushings, when HondaCare does not.
The MBI does not cover shock absorbers, GPS/phone/entertainment systems, when HondaCare does cover those items.
I would still go with HondaCare (if I really thought my new Honda was going to croak often).
One company I found is backed by Interstate National Dealer Services. I thought they did the bankruptcy thing a couple of years ago?
I agree.
A lot of folks used to say good things about "Warranty Gold" - up until they went out of business taking everyone's money with them.
Either get the Honda backed plan or just take your chances that the car never breaks. Buying a warranty from someone else is to me a HIGHER risk than doing nothing at all.
Dennis
The dealer is pretty big and sells loads of vehicles so I do think he knows what he is doing. I'm gonna give it a try after reading trough and go ahead with the deal. If American Honda rejects the application then I do not have anything to loose
To borrow the trade-mark of my friends at LeaseCompare - "Saving Money Feels Good"
Dennis
What do you guys think? Not that the fuel system, especially on a Honda, will fail soon (never heard of such a thing).
I'm thinking about purchasing EW from Honda care. I'm qualified for new plan which qouted me for $975 for 8y/120k/0deduct. I plan to keep my 2005 Accord 4cyc for at least 10 years. Many people in the board mentioned that purchasing warrenty is to waste money due to the Honda's reliability.
So, I'm trying to justify the value of EW by listing components that have high chance to disfunctioning by 120k and costs of fixing them. But I'm not a car expert. The only thing I can think of is alternator (about $300 fixing). Anything else please ($700 left to be justified).
Thank you,
Just few months ago my dealer wanted me to replace the ABS Module in my good old '95 Accord, for $1,500 (I declined, to find out later it's leaking very slowly, and I could simply top it up every now and then).
I have a 3 month old '05 Accord, and I am going to invest the money and buy the EW soon.
Like any insurance, you NEVER know if you will ever need it. But for less than $1,000, covering all the major components in your car, for the next 8 years (ok, 5 years beyond your original warranty) ----- I think it's worth it.
Yes, your peace of mind is worth too.
The odds are (really) that it will never save you money. Think about it, if it saved 51% of the folks who purchased it money they HC would LOSE money over all and would raise prices. So the ODDS say you should be able to get through the policy term and not spend as much as the policy costs you.
Of course, if you DO have one of the minority of cars that costs more than the plan to repair knowing a lot of other folks had no troubles does not help YOU out - does it ?
I have it on my Hondas just for peace of mind - also I can (and have) gotten a pro-rated refund when I sold or traded a car. And it makes a nice sales tool - down the road you decide to get something else you can market your used Honda with the balance of the HC warranty. That should help you recover a good part of your investment.
Dennis
Even though I'm in FL where EW prices are fixed and registered with the insurance commissioner and I have a 7/100/0 HC EW plan already, it's interesting to see who's buying what where as haggling from the bleachers is better than not at all.
Cheers!
..I'm fixing to pony up $555 to H/A World for a 5Y/80k.......
...the least I could do for the well-engineered coupe that just turned in fantastic fuel efficiency during a recent run to Luke AFB and back.........
Great car!!
..best, ez.........
Anyone ?i>
If this is correct anyone know where in Florida to get the best price ? It all sounds fishy to me.
Thank for any input
Bob
...that would most likely translate into somewhat more than the $555 I'm about to spring for a 5Y/80k HC EW.........(Accord EX 6-speed coupe......)
...all of us have dumbass laws on the books; at least you don't have the CARB (no new diesel VW's, etc), Good luck - and if you're agreeable:
Consider letting us know the effect (in $$$) of your bureaucratic mandate preventing EW purchase from Bernardi, College Hills, Jay, or HondaAcura World...........:surprise:
best, ez
..perhaps if you've the opportunity to see the type of folk - 'up close and personal' - that legislate this sort of junk..........we've much the same in California (in spades)!
Perhaps we can agree to disagree, No offense to y'all personally.
..and you did buy a Honda. I'm still knocked out by my coupe. What an engineering marvel. I'd rather talk about fuel efficiency any day.
best, ez
- Cheers
I would appreciate any thoughts on this coverage and please let me know if you have a better price.
Thanks in advance.
You can get a HondaCare warranty to do this, but you might want to call a some of the discount HC dealers to ask them - I THINK they have a lower-cost HC plan for CPO cards since so much of the coverage is duplicated. $1000 sounds like way to much money for this extra coverage.
Dennis
Under the NEW scheme the cut off is 6,000 miles to get a $0 plan and the Honda must be a model year 2004 or newer. This gets you the best price and the ability to buy a $0 deductible plan.
Past 6,000 miles or older than a 2004 you have to get the $100 plan.
I would not tell anyone to lie, but if I were you I think I would buy the $0 plan buy saying your car has "6,000 miles" on it. I purchased plans for two Hondas this year and no one asked me for the mileage - nor did they in the past. Check back several messages and I posted links to all the discount online HC dealers I know of. Get quotes from them all and go with the best one - and just tell them you are under 6k on your new Honda.
Dennis
If you get the $100 deductible plan, it goes into effect on the day you purchased the plan.
What difference does this make? While you do save money with the "new Honda" type of warranty plan, the amount of your REFUND should you cancel the plan for any reason (car stolen, totalled, or traded) will be less, percentage-wise. I am betting the pro-rate refund would use the date you cancel and the date you first purchased the car to determine the amount you are due back. Under the old plan and I assume under the $100 current plan, they would use the cancel date and the PLAN purchase date to determine the refund.
It is not a HUGE deal, and for sure the $0 plan is better if you can get it - but you need to be aware of this subtle difference in the way the two plans work.
Dennis
Dennis
This seems to be important to me. If they prorated money (in a simplistic way), even if I plan to own the car no more than 6 years, It would be better to have full 8 years, in case I am qualified for (full or prorated) refund. Of course, if I cannot get a prorated refund with claim, I might lose extra money to put longer term warranty.
Also, it doesn't mention that prorated refund will not be given if there is a claim before the cancellation. But, it did not provide any details how to calcuate the refund amount (just saying that it will be cacluated by the time or the mileage driven).
If this were insurance, I'd call them 'riders' to the 'policy'.
HC is an extended warranty plan that will pay for covered repairs, parts, and labor if you need it. It is NOT and investment plan so I can't imagine why you feel you should be entitled to any refund at all. Our dealer says you are only entitled to a prorated refund based on time it was in place if the vehicle is sold. You aren't entitled to any refund even if you used it full term without a claim. This is what insurance is all about, rolling the dice. You not using your coverage would defer the cost to Honda of those who did.
Welcome to the land of the free... home of the double or nothing brave.
want to figure out the details of HC contract. It is nothing to hurt to be comprehensive about the details of contract. Also, the details of prorated refund seems to be important to me because I may need to sell the car before the warranty expires. At this point of time, I don't know if I own the car for 6,7,or 8years with how many miles.
Beyond that, the refund amount is calculated based on the in-service date of the car (when purchased) OR the purchase date of the HC plan OR the miles on the car when you cancel. So if you purchased an 8yr, 100k plan on the day you purchased the car (you don't have to but it then, but it makes it easier to show the example) and so traded/totalled it after 4 yrs and 50k miles you would get 1/2 of what you paid back, less a $25 (?) processing fee. If you asked for the refund after just 2 year and few miles, you would get back 3/4 of what you paid, less fee. If you asked for the refund after 2 years, but had 50,000 miles on the car then you would get back 1/2 less fee.
Make sense?
Where it gets more complex is if you purchase the HC plan later on. For the new $0 deductible plans, the effective date is the date your purchased the HONDA - so the pro-rate is figured as if you purchased it the same day. With the $100 plans it is the date you purchase the PLAN. So when you figure on the refund for these the later you buy the more you should get back.
Prior to this September you could purchase HC $0 deductible plans at any time before your car ran out of 3/36k base warranty. At that time I recommended to everyone they wait until just under 24 months or 24k miles to buy. That maximizes your refund and gets you a low price - same as if you purchased on day 1. Since Honda changed the plans, I would recommend getting the $0 plan which means within 6,000 miles or 2 years of new.
For a $50 fee the HC plan can be transferred (once) to a new owner. So should you decide to sell your Honda down the road you can advertise the fact that YOUR Honda has extra protection which SHOULD help you sell yours or get a better price for it.
You can't extend your HC or purchase HC after the base warranty runs out, so I would get enough to cover you for the entire time you MAY own the Honda. Then either get a refund on the unused portion or use it as a marketing tool should you decide to get rid of the Honda before the HC runs out.
Dennis
Curry' page here shows you can still buy HC with coverage up to 5yrs (2 more than factory warranty) and up to 84k miles - IF your Honda is less than 36 months old with less than 36k miles on it. The old plans would go up to 7yrs and 100k miles.
I would call Curry and a couple of the other online discount places to get clarification.
Dennis