On Sat, 28 Aug 2004 21:04:12 GMT, "Arctic Inferno"
<SpamShield-ArcticInferno@yahoo.com-SpamShield> wrote:

>> >> > I have a Honda Civic LX 2001 manual transmission.
>> >> > About six months ago, I had to replace the front struts,
>> >> > but it was covered under the original 3 yr/36k mile warranty.
>> >> > The warranty will expire soon, so I got a letter to extend the
>> >> > warranty. 5 yr/75k mile, bumper-to-bumper, for $250 down
>> >> > payment and $200 x 12 monthly payments, for total of
>> >> > $2650.
>> >> > The payment can be extended over two years without interest.
>> >> > If I decide to sell the car in a year, I can either get prorated
>> >> > refund, or transfer the warranty and payments.
>> >> > Should I get the extended warranty, or should I risk it and
>> >> > save $2650?
>> >> >
>> >> The only issue with an extended warranty is the probability of
>> >> spending the warranty fee ($2650) over the ensuing 39K miles
>> >> or the next two years. The per year expected costs for
>> >> maintenance for years 4 and 5 for a 2001 civic suggest a much
>> >> smaller outlay of funds. I'd pass this up.
>> >
>> >I may not have stated the extended warranty clearly. I will get
>> >additional 5 years and additional 75k miles, after my current
>> >warranty expires. I will need to look at the maintanence cost for
>> >the years 4, 5, 6, 7, & 8, over the next 75k miles (when the car
>> >reaches 111k miles). Do you still think that I should pass up on
>> >the offer? By the way, it's a two-door model, not four-door.
>>
>> Harvey's approach is the right one, though, to figure out if it is
>> worth it. Estimate the likely maintenance costs for the years in
>> question, LESS those that are not covered by the extended
>> warranty... compare to the cost of the extended warranty.
>> It may be called a warranty, but it is more like a flat rate
>> payment plan for maintenance.
>> Pretty well all extended warranties, whether for cars, TVs or
>> cameras, are major ripoffs. That's why they push them so hard.
>> Gravy for them! Total maintenance costs for years 4, 5 and 6
>> for my 1998 Civic EX were zero.
>
>I understand the concept behind warranty and maintenance costs,
>and stuff. My question was regarding my specific case.
>Should I or shouldn't I? What is the probability of break-down?
>What is the reliability of my car? I don't know what the projected
>maintenance cost would be for my situation.
>Is the extra coverage and peace of mind worth $2650?

Sure, go for it.

>Is the Honda Civic LX so well built that I can comfortably risk it?
>If your Honda Civic EX is a predictor of my car's future performance,
>then I think I should pass up on the extended warranty offer.
>How does Honda Civic LX usually stand up?
>