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  #1 (permalink)  
Old 11 Feb 2006, 10:39 am
TA via CarKB.com
 
Posts: n/a
Default extended warranty-Does it worth it?

Hi everyone, please educate me.

I bought my 1st car, Honda Civic 2005 about 6 weeks ago.
The salesperson offered the deal included the pruchase that I would get an
extended warranty of 7rs/100,000 miles, from the date I bought my car. This
car had 797 miles on it.

2 weeks later, I received a "Honda Care" warranty card and contract, stated
that I paid for this warranty :$1,595.00.

I was shock, as I thought this extended warranty was included into the
purchase price.

My question are:

1/ Is that way too expensive?
Any Honda dealers offering the same warranty at the cheaper price?
And should I buy it from a Honda local dealer or just go online, such as
curryhondacare.com, to buy it?

2/ Does the extended warranty really work, if that was the case?
Because I heard Honda manufactured very reliable, durable cars. So someone
educated me that the extended warranty is just another profitable cow for
dealers making money.

3/ So should I drop the extended warranty and go back to manufacturer
warranty which is 3yrs/36,000 miles and get my money back?

4/ How much the refund I can get?
Here is my situation: I used Honda care for towing my car to the nearest
Honda dealer service center to some jobs needed to be done.
So if I decided to switch to manufactuer warranty of 3yrs/36,000miles, I
would get FULL refund? Or $1,595.00 subtracted the amount that I had used?

I have 2 weeks left to decide, based on the "60 days cancelation, no
obligations"

So please help.
Thank you very much

TA

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  #2 (permalink)  
Old 11 Feb 2006, 11:56 am
bearman
 
Posts: n/a
Default Re: extended warranty-Does it worth it?

> My question are:
>
> 1/ Is that way too expensive?
> Any Honda dealers offering the same warranty at the cheaper price?
> And should I buy it from a Honda local dealer or just go online, such as
> curryhondacare.com, to buy it?



Way too expensive. I paid $1100 and that was probably too much. Shop
around. Go to another dealer. Or call another dealer. Get their prices
and go back to your original dealer.
\
> 2/ Does the extended warranty really work, if that was the case?
> Because I heard Honda manufactured very reliable, durable cars. So someone
> educated me that the extended warranty is just another profitable cow for
> dealers making money.


It is a profitable cow for the dealer. I bought it for peace of mind
mostly. But we have used it to fix a gas tank problem after the
manufacturer's warranty had expired.



> 3/ So should I drop the extended warranty and go back to manufacturer
> warranty which is 3yrs/36,000 miles and get my money back?


How much is peace of mind worth to you?


>
> 4/ How much the refund I can get?
> Here is my situation: I used Honda care for towing my car to the nearest
> Honda dealer service center to some jobs needed to be done.
> So if I decided to switch to manufactuer warranty of 3yrs/36,000miles, I
> would get FULL refund? Or $1,595.00 subtracted the amount that I had used?
>
> I have 2 weeks left to decide, based on the "60 days cancelation, no
> obligations"



I got my extended warranty almost four months after I bought our 2000
Odyssey. You have some time. I'd drop it and, if you want to get an
extended warranty, do some searching. I'd make sure it's a Hondacare
warranty.

BTW, you really need to pay more attention when buying a car. Look over all
the purchase papers much more closely. Having an extra $1,595 charge is
something that should not have gone unnoticed.
--
Bearman
If it's got tits, tires, tubes, or transistors, it's trouble.


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  #3 (permalink)  
Old 11 Feb 2006, 02:06 pm
TA via CarKB.com
 
Posts: n/a
Default Re: extended warranty-Does it worth it?

Thanks, bearman.

I definitely want to cancel the extended warranty then shop around to get the
best price of Honda Care extended warranty.
Now I have another question: should I buy right now, when my car having less
than 5,000 miles on it or wait until it hit abount 35,000 miles?

Well, I had no experience in buying car ... in my life, so I am learning.
Bearman, I am truly appreciated your information though.

bearman wrote:
>> My question are:
>>
>> 1/ Is that way too expensive?
>> Any Honda dealers offering the same warranty at the cheaper price?
>> And should I buy it from a Honda local dealer or just go online, such as
>> curryhondacare.com, to buy it?

>
>Way too expensive. I paid $1100 and that was probably too much. Shop
>around. Go to another dealer. Or call another dealer. Get their prices
>and go back to your original dealer.
>\
>> 2/ Does the extended warranty really work, if that was the case?
>> Because I heard Honda manufactured very reliable, durable cars. So someone
>> educated me that the extended warranty is just another profitable cow for
>> dealers making money.

>
>It is a profitable cow for the dealer. I bought it for peace of mind
>mostly. But we have used it to fix a gas tank problem after the
>manufacturer's warranty had expired.
>
>> 3/ So should I drop the extended warranty and go back to manufacturer
>> warranty which is 3yrs/36,000 miles and get my money back?

>
>How much is peace of mind worth to you?
>
>> 4/ How much the refund I can get?
>> Here is my situation: I used Honda care for towing my car to the nearest

>[quoted text clipped - 4 lines]
>> I have 2 weeks left to decide, based on the "60 days cancelation, no
>> obligations"

>
>I got my extended warranty almost four months after I bought our 2000
>Odyssey. You have some time. I'd drop it and, if you want to get an
>extended warranty, do some searching. I'd make sure it's a Hondacare
>warranty.
>
>BTW, you really need to pay more attention when buying a car. Look over all
>the purchase papers much more closely. Having an extra $1,595 charge is
>something that should not have gone unnoticed.


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  #4 (permalink)  
Old 11 Feb 2006, 02:34 pm
bearman
 
Posts: n/a
Default Re: extended warranty-Does it worth it?


"TA via CarKB.com" <u18620@uwe> wrote in message news:5bbb876645278@uwe...
> Thanks, bearman.
>
> I definitely want to cancel the extended warranty then shop around to get
> the
> best price of Honda Care extended warranty.
> Now I have another question: should I buy right now, when my car having
> less
> than 5,000 miles on it or wait until it hit abount 35,000 miles?
>
> Well, I had no experience in buying car ... in my life, so I am learning.
> Bearman, I am truly appreciated your information though.
>

I'm not sure you can wait that long. Ask your dealer or anyone else that
sells the warranties. Check on the Internet too.
And remember: you're not really buying a 7-year, 100,000-mile warranty.
You're buying a 4-year, 64,000-mile extension to Honda's normal warranty.
--
Bearman
Occasionally proud but always happy to be an American.


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  #5 (permalink)  
Old 11 Feb 2006, 06:08 pm
Theodore Kaplan
 
Posts: n/a
Default Re: extended warranty-Does it worth it?

I had a similar experience. After having gotten a quote for about 1500
less, my dealer gave me back the difference plus another 75 for my trouble.
Check the internet for your best price Google Hondacare.
"bearman" <noyb@home.com> wrote in message
news:mo2dnVpqdJvEoXPeRVn-ow@comcast.com...
>
> "TA via CarKB.com" <u18620@uwe> wrote in message news:5bbb876645278@uwe...
>> Thanks, bearman.
>>
>> I definitely want to cancel the extended warranty then shop around to get
>> the
>> best price of Honda Care extended warranty.
>> Now I have another question: should I buy right now, when my car having
>> less
>> than 5,000 miles on it or wait until it hit abount 35,000 miles?
>>
>> Well, I had no experience in buying car ... in my life, so I am learning.
>> Bearman, I am truly appreciated your information though.
>>

> I'm not sure you can wait that long. Ask your dealer or anyone else that
> sells the warranties. Check on the Internet too.
> And remember: you're not really buying a 7-year, 100,000-mile warranty.
> You're buying a 4-year, 64,000-mile extension to Honda's normal warranty.
> --
> Bearman
> Occasionally proud but always happy to be an American.
>



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  #6 (permalink)  
Old 11 Feb 2006, 06:21 pm
Art
 
Posts: n/a
Default Re: extended warranty-Does it worth it?

I think you can cancel within 30 to 60 days and get a refund. Do it. An 8
year 120k mile warranty should be around a grand.


"TA via CarKB.com" <u18620@uwe> wrote in message news:5bb9b8d503384@uwe...
> Hi everyone, please educate me.
>
> I bought my 1st car, Honda Civic 2005 about 6 weeks ago.
> The salesperson offered the deal included the pruchase that I would get an
> extended warranty of 7rs/100,000 miles, from the date I bought my car.
> This
> car had 797 miles on it.
>
> 2 weeks later, I received a "Honda Care" warranty card and contract,
> stated
> that I paid for this warranty :$1,595.00.
>
> I was shock, as I thought this extended warranty was included into the
> purchase price.
>
> My question are:
>
> 1/ Is that way too expensive?
> Any Honda dealers offering the same warranty at the cheaper price?
> And should I buy it from a Honda local dealer or just go online, such as
> curryhondacare.com, to buy it?
>
> 2/ Does the extended warranty really work, if that was the case?
> Because I heard Honda manufactured very reliable, durable cars. So someone
> educated me that the extended warranty is just another profitable cow for
> dealers making money.
>
> 3/ So should I drop the extended warranty and go back to manufacturer
> warranty which is 3yrs/36,000 miles and get my money back?
>
> 4/ How much the refund I can get?
> Here is my situation: I used Honda care for towing my car to the nearest
> Honda dealer service center to some jobs needed to be done.
> So if I decided to switch to manufactuer warranty of 3yrs/36,000miles, I
> would get FULL refund? Or $1,595.00 subtracted the amount that I had used?
>
> I have 2 weeks left to decide, based on the "60 days cancelation, no
> obligations"
>
> So please help.
> Thank you very much
>
> TA
>
> --
> Message posted via CarKB.com
> http://www.carkb.com/Uwe/Forums.aspx...-cars/200602/1



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  #7 (permalink)  
Old 11 Feb 2006, 06:22 pm
Art
 
Posts: n/a
Default Re: extended warranty-Does it worth it?

Honda has a rule that if the car has 6000 miles on it you get a crappier
extended warranty so don't wait that long.


"bearman" <noyb@home.com> wrote in message
news:mo2dnVpqdJvEoXPeRVn-ow@comcast.com...
>
> "TA via CarKB.com" <u18620@uwe> wrote in message news:5bbb876645278@uwe...
>> Thanks, bearman.
>>
>> I definitely want to cancel the extended warranty then shop around to get
>> the
>> best price of Honda Care extended warranty.
>> Now I have another question: should I buy right now, when my car having
>> less
>> than 5,000 miles on it or wait until it hit abount 35,000 miles?
>>
>> Well, I had no experience in buying car ... in my life, so I am learning.
>> Bearman, I am truly appreciated your information though.
>>

> I'm not sure you can wait that long. Ask your dealer or anyone else that
> sells the warranties. Check on the Internet too.
> And remember: you're not really buying a 7-year, 100,000-mile warranty.
> You're buying a 4-year, 64,000-mile extension to Honda's normal warranty.
> --
> Bearman
> Occasionally proud but always happy to be an American.
>



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  #8 (permalink)  
Old 12 Feb 2006, 10:00 am
TA via CarKB.com
 
Posts: n/a
Default Re: extended warranty-Does it worth it?

Hi, Kaplan:

I had the similar experience as you had. I got a quote of $1,600.00 less
then he gave me the "best price" with 7rs/100,000 miles warrant package and I
forgot to ask how much did this extended warranty cost. I thought it was
included in the pruchase of my car. Then.... yu knew the rest of this story.

Thanks, I will check Honda care for my best price.

Theodore Kaplan wrote:
>I had a similar experience. After having gotten a quote for about 1500
>less, my dealer gave me back the difference plus another 75 for my trouble.
>Check the internet for your best price Google Hondacare.
>
>>> Thanks, bearman.
>>>

>[quoted text clipped - 12 lines]
>> And remember: you're not really buying a 7-year, 100,000-mile warranty.
>> You're buying a 4-year, 64,000-mile extension to Honda's normal warranty.


--
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http://www.carkb.com/Uwe/Forums.aspx...-cars/200602/1
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  #9 (permalink)  
Old 12 Feb 2006, 04:23 pm
TA via CarKB.com
 
Posts: n/a
Default Re: extended warranty-Does it worth it?

Art, I just did my homework.

Just check out the web site www.jayhondacre.com for extended warranty
7yrs/100,000 miles is $845.00 (D70 Plan) and Zero deductible or 8yrs/120K
miles, and Zero deductible for $1,025.00 (D82)

Art, is this a good place to shop?

Or at www.myhondawarranty.com, $969.00 (D70) or $1,149.00 (D82). This web
site offered 10% initial payment and the rest of its contract would be pay in
12 months, with 0% APR.


Art wrote:
>I think you can cancel within 30 to 60 days and get a refund. Do it. An 8
>year 120k mile warranty should be around a grand.
>
>> Hi everyone, please educate me.
>>

>[quoted text clipped - 39 lines]
>>
>> TA


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  #10 (permalink)  
Old 12 Feb 2006, 06:24 pm
Art
 
Posts: n/a
Default Re: extended warranty-Does it worth it?

I took the best offer I could find from the internet (probablyt Jay Honda)
and brought it to the dealer. They got within $40 and I bought from the
dealer.


"TA via CarKB.com" <u18620@uwe> wrote in message news:5bc94cf33e9ac@uwe...
> Art, I just did my homework.
>
> Just check out the web site www.jayhondacre.com for extended warranty
> 7yrs/100,000 miles is $845.00 (D70 Plan) and Zero deductible or 8yrs/120K
> miles, and Zero deductible for $1,025.00 (D82)
>
> Art, is this a good place to shop?
>
> Or at www.myhondawarranty.com, $969.00 (D70) or $1,149.00 (D82). This web
> site offered 10% initial payment and the rest of its contract would be pay
> in
> 12 months, with 0% APR.
>
>
> Art wrote:
>>I think you can cancel within 30 to 60 days and get a refund. Do it. An
>>8
>>year 120k mile warranty should be around a grand.
>>
>>> Hi everyone, please educate me.
>>>

>>[quoted text clipped - 39 lines]
>>>
>>> TA

>
> --
> Message posted via CarKB.com
> http://www.carkb.com/Uwe/Forums.aspx...-cars/200602/1



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