Financial Samurai - Forums

Everything Else => Automobiles => Topic started by: pat on September 11, 2018, 11:22:05 AM

Title: Honda Extended Warranty
Post by: pat on September 11, 2018, 11:22:05 AM
If you are buying Honda or Accura car and planning to go for Extended Warranty, do not buy it from dealership, there are few companies selling it online, you will get around 50% discount when you buy online. I recently got new car and bought Extended Warranty from dealership later discovered online, cancelled the one from dealership, bought online and saved $950.
Title: Re: Honda Extended Warranty
Post by: Sam on September 13, 2018, 08:48:57 AM
Good to know about extended warranties in general. Rhino, my Honda Fit ended up having a lot of problems (wouldn't started many times, constantly deflating tire despite a couple changes, camera).

What a PITA!

My Tata Motors SUV has had no problems for two years in comparison.
Title: Re: Honda Extended Warranty
Post by: sevenplaces on October 01, 2018, 04:35:14 AM
As for extended warranties, earlier this year I was looking to purchase a used Audi R8.  Due to the expected cost of repairs for that vehicle, I checked on a warranty with my Credit Union during financing research and I got a quote that was really reasonable.  I never received a quote from a dealership for the warranty.   I assumed it would be too high.  You might want to check with your bank or credit union (if you are financing); they might be able to get you a good quote for a warranty.  (I ended up getting a used Mercedes AMG instead of the R8.  It was cheaper enough that I didn't get a warranty and it is better suited as a daily driver; less of a depreciation hit too.)
Title: Re: Honda Extended Warranty
Post by: gautamv27 on January 06, 2019, 04:14:07 PM
What specifically do y'all recommend should be covered as part of the extended warranty?
Title: Re: Honda Extended Warranty
Post by: Eric on January 13, 2019, 08:00:22 PM
Gaitamv - it depends on what type of car you have as well. Certain parts of the car have gotten less reliable over the years. The infotainment system is increasingly complex and integrated and generally only covered by a bumper to bumper warranty). Turbo engines and automatic transmission  for cars less so for trucks (based on EPA definitions so includes SUVs and crossovers) are also increasingly complex and less reliable. The changes were driven by corporate average fuel economy requirements for cars, and more complexity was needed to meet those fuel economy targets. Smaller displacement engines and turbocharging (increasing pressure under certain loads) was a popular tool, but reliability generally suffered. Traditional automatic transmissions we're replaced with CVTs continuously variable transmissions and Dual-Clutch Transmissions which are both more complex and more prone to repairs. There has been a number of transmission recalls, particularly with the dual clutches.

I would look at a consumers reports or JD Power report for a 3yr old version of the car you are considering to get a borad idea of the issuesm. Check out car forums for the model you are considering. If you can avoid a turbo and get a traditional automatic or a manual transmission, that can save a lot of headaches down the road.