First time honda buyer. I'm wondering if the 7/160000 km warranty from the dealer is worth the money? Done some reading online and most are saying that it's not worth it with Hondas reliability ? They want $1700 for the warranty. I'm going with the LX so there less electronic things to break. The 2.0 engine and the manual tranny should be rather bullet proof I would think?
Is Extended warranty worth it?
1 - 20 of 33 Posts
I got mine from http://hyannishondacare.com/
Here is the pricing I got for a touring:
$0 Deductible Options
Plan Code Years* Mileage* Rate
D34 3 45,000 $290.00
D46 4 60,000 $425.00
D56 5 60,000 $435.00
D58 5 80,000 $595.00
D50 5 100,000 $690.00
D68 6 80,000 $605.00
D60 6 100,000 $755.00
D62 6 120,000 $870.00
D78 7 80,000 $645.00
D70 7 100,000 $810.00
D72 7 120,000 $920.00
D80 8 100,000 $890.00
D82 8 120,000 $1,015.00
$100 Deductible Options
Plan Code Years* Mileage* Rate
C58 5 80,000 $490.00
C50 5 100,000 $580.00
C68 6 80,000 $500.00
C60 6 100,000 $650.00
C62 6 120,000 $765.00
C78 7 80,000 $535.00
C70 7 100,000 $705.00
C72 7 120,000 $810.00
C80 8 100,000 $785.00
C82 8 120,000 $910.00
* Coverage for a New Honda vehicle begins when the vehicle is originally put into service at zero miles.
Please contact Bob Leab or Sean Rausch at (508) 778-7878 for more information. You may also reply to this email.
Here is the pricing I got for a touring:
$0 Deductible Options
Plan Code Years* Mileage* Rate
D34 3 45,000 $290.00
D46 4 60,000 $425.00
D56 5 60,000 $435.00
D58 5 80,000 $595.00
D50 5 100,000 $690.00
D68 6 80,000 $605.00
D60 6 100,000 $755.00
D62 6 120,000 $870.00
D78 7 80,000 $645.00
D70 7 100,000 $810.00
D72 7 120,000 $920.00
D80 8 100,000 $890.00
D82 8 120,000 $1,015.00
$100 Deductible Options
Plan Code Years* Mileage* Rate
C58 5 80,000 $490.00
C50 5 100,000 $580.00
C68 6 80,000 $500.00
C60 6 100,000 $650.00
C62 6 120,000 $765.00
C78 7 80,000 $535.00
C70 7 100,000 $705.00
C72 7 120,000 $810.00
C80 8 100,000 $785.00
C82 8 120,000 $910.00
* Coverage for a New Honda vehicle begins when the vehicle is originally put into service at zero miles.
Please contact Bob Leab or Sean Rausch at (508) 778-7878 for more information. You may also reply to this email.
Also depends on how long you think you'll end up keeping the vehicle, and what kind of driving you'll be doing over that course. If something goes wrong you'll be happy you have it, but remember that Honda only sells them because most of the time not enough goes wrong that they lose money by selling them in the first place.
Yes it's a gamble either way. No matter how long I think we will keep the car it usually never works out that way. I think I'm going to pass for now. Would have to be over $1700 worth of repairs to break even. There is a option to buy it up until the 3/60km runs out (canada) just with a few hundred penalty. Its mostly all the electronic stuff I'm concerned about, I hoping for good old Honda reliability for the rest.
Joined
·
135 Posts
well its not even just the electronic gizmos. The LED DRLS for instance. If other manufacturers are anything to go by, if you lose a DRL you will need to replace the ENTIRE headlight for a couple grand vs 25 cents for a bulb...
Yup that's true.....only thing is with my luck those things will only fail after the extended warrant is up lol
Joined
·
124 Posts
If someone is only interested in an extended powertrain warranty there are plenty of Honda dealers across the county that include a lifetime powertrain warranty with the car at no extra cost. Some of these warranties do not have special strings attached other than proving that the factory maintenance intervals were followed.
I think so but I believe the prices go up. The prices I listed are only for vehicles purchased in the last 6 months and have less than 6,000 miles on them.
Thanks for the info !
Joined
·
124 Posts
I would suggest looking for a dealership that includes a lifetime powertrain warranty and skip the extended warranty. For what you would spend on the extended warranty you might as well chance it because probably says if something is going to go wrong it will go wrong under warranty and not under the extended period. Also, with the money saved you then should have it on the side in case you run into an issue. The best part is the most expensive components of the car are still covered under the lifetime powertrain warranty and you might not have given your money away.
Now that is great advice, good way to get the most out of your money with coverage.
Do they just call a really high mileage range 'lifetime'?
Joined
·
124 Posts
http://www.tampahonda.com/Honda-Lifetime-Warranty.html
Unlimited miles as long as you own the car. (document your maintenance)
However in the small print it may say that if the cost of the repair exceeds the value of the car then they may total the car and give you a check.
Lets say if your engine gives out at 270,000 miles they probably will not repair the car but will cut you a check. But we can safely say that your Honda in the future will still be worth more than an engine replacement with less than 200,000 miles. If someone put 200,000 miles on their car in 7 years and had an engine failure the car would still be worth an engine replacement. Somewhere there will be a value cut off that will be based on age / miles. This is a great deal for an individual who drives high miles per year. It also provides peace of mind.
Great deal for an around the clock Uber driver... (shh, it's technically not a personal car but why would they have to know)
Unlimited miles as long as you own the car. (document your maintenance)
However in the small print it may say that if the cost of the repair exceeds the value of the car then they may total the car and give you a check.
Lets say if your engine gives out at 270,000 miles they probably will not repair the car but will cut you a check. But we can safely say that your Honda in the future will still be worth more than an engine replacement with less than 200,000 miles. If someone put 200,000 miles on their car in 7 years and had an engine failure the car would still be worth an engine replacement. Somewhere there will be a value cut off that will be based on age / miles. This is a great deal for an individual who drives high miles per year. It also provides peace of mind.
Great deal for an around the clock Uber driver... (shh, it's technically not a personal car but why would they have to know)
This is terrible advice. Most extended warranties (Honda Care included) will reimburse you a percentage of the cost if the warranty expires without you using it. But, when you finance extended warranties, the finance company gets to keep the reimbursement! Also, financed warranties are often non-transferable!
Shop around for an extended warranty. At least get some quotes before you talk to the finance manager at the dealership where you are buying the car. And most importantly: Read the warranty terms!
Still way better than paying that much for something as costly as a new engine and chances are its going to be way before you get to that point which the warranty term already pays for itself.
1 - 20 of 33 Posts
Join the discussion
