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Old 04 Apr 2008, 12:16 pm
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Default Anyone heard of bernardi warranty to purchase extended care warranty for new Hondas?

Anyone heard of bernardi warranty to purchase extended care warranty for new Hondas?
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Old 04 Apr 2008, 12:31 pm
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The extended warranty that is available through Honda in the US is Hondacare. That is fully backed by American Honda and honored at all Honda dealers. It is the most comprehensive coverage you can get on a new Honda.there are other companies that provide extended service contracts. I've not heard of Bernardi. The quality of the service contracts varies by the coverage, terms and conditions. Not all service contracts are created equal. Unless you live in Florida or Washington these products are not regulated.Its a question of cost/benefit. If you think you need the protection, I'd recommend the HondaCare.I would also recommend you consider if you need the service contract. A service contract is a bet that your car will need repairs after the car leaves warranty but while it is still under the time and mileage terms of the service contracts. I don't know how much they are offering the contract for but lets say its $1500 for a contract that covers you to 100,000 miles or 7 years. You are betting $1500 that your car will need at least that much work on covered items from when the car goes out of warranty and before you reach either 100,000 miles or 7 years. You have several warranties on the car already. The basic warranty is for 3 years/36,000 miles. The engine and powertrain coverage is for 5years or 60,000 miles. The emissions warranty for most items is 3 years or 50,000 miles for most items and up to 8 years 80000 miles for others. So many of the expensive systems are covered when they are most likely to fail.then consider that the average repair is about $500 for parts and labor. You would need three failed items to be repaired under your service contract to break even. You have to decide if the odds of that happening on your new Honda are "even-money" or not.were it me, I would put the $1500 in the bank and let it earn interest then take the money out to pay for any repairs that occur during the service contract period. Anything left over can be used for a vacation.of course, if you don't have the money now to do that, you won't have the money to pay for repairs and the one thing good about service contracts is that they can be put into the vehicle financing. If you elect to do that, go with the HondaCare if possible.hope that wasn't too long an answer
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