Unfortunately, extended warranties are not all they’re cracked up to be, as the Ramsey Solutions blog argues, and there are a number of reasons you should avoid them.
According to the blog, one of the main reasons to stay away from extended warranties is the likelihood that you won’t actually utilize yours. That’s because the businesses that offer them “did the math” and usually make sure the warranties expire before the majority of the parts are expected to fail.
The extended warranties normally have several coverage exclusions, according to Ramsey’s site, so they are generally not worth the money. You’d be wasting your money by purchasing one because the guarantee might not cover the most frequent problems. The warranty provider could possibly go out of business before you can use it, in which case you would have paid ahead for nothing in return.
Ramsey further cautions that most extended warranties are costly and are a big source of revenue for both the businesses and the salespeople who upsell them to unwary customers.
In This Article...
How much does an extended Honda warranty cost?
In 2021, what will the price of a Honda extended warranty be? The price of your Honda extended auto warranty depends on your vehicle’s type, condition, and plan deductible. In contrast to CARCHEX Vehicle Protection Plans, which are normally far more economical, Honda dealership warranties typically cost between $1,000 and $1,500.
What is covered by the extended warranty from Honda?
The Honda Care extended warranty covers powertrain and drivetrain coverage, electrical repairs and replacements, heating and cooling repairs, chassis coverage, and Honda original accessories regardless of the coverage duration, 6, 7, or 8 years (up to 120,000 miles). Roadside assistance, rental car reimbursement, a trip interruption benefit, and concierge services, such as emergency cash advances and airline ticket assistance, shipment of personal replacement items, assistance with insurance claims, and referrals for auto glass replacement, are also included in the plan. This overview list may change depending on the particular Honda Care package you select.
Honda Service Under Warranty
Despite being among the most dependable cars, Hondas occasionally experience issues. As long as the vehicle is still covered by warranty and the repair is covered, you will be 100% covered if your Honda develops a problem while it is still under warranty. This holds true for all of its warranties, regardless of whether they were acquired as a new car, a certified pre-owned vehicle, or as part of Honda Care’s extended warranty plan.
Purchases of extended warranty plans can be made directly from the manufacturer or via a third-party supplier. There are advantages and disadvantages to each, so we advise conducting research based on your Honda model. However, to help you get started, we discuss third-party providers further in this blog.
Honda Care Extended Warranty Benefits
There are a few benefits of a Honda Care extended warranty that stand out:
Easy and practical
Your warranty can be easily extended through Honda. You are already familiar with and aware of the terms and conditions of the Honda Care extended warranty plan because it is merely an extension of the Honda New Vehicle Limited Warranty. Honda-certified mechanics Only authorized Honda technicians are permitted to do repairs on your Honda, so you can rest assured that your car will be in good hands. Only genuine Honda components are used to fix your automobile, so you can be sure the part is the proper one and is designed for your model.
What does the Honda warranty not cover?
The New Vehicle Limited Warranty does not cover routine maintenance such as cleaning, polishing, or fluid addition unless it is necessary for a warranty repair. Broken, cracked, or scratched window glass is not covered unless it results from a manufacturing or material flaw. The New Vehicle Limited Warranty does not cover cosmetic faults, such as paint, that are not the result of a manufacturing or material defect.
Additionally, the Honda warranty excludes coverage for failure or damage to equipment or accessories brought on by:
- Racing
- improper installation or maintenance
- Accidental injury
- low quantities of fluid
- Modifications
- misuse or abuse
If the odometer has been tampered with or the car has been deemed a total loss, Honda will also not honor the warranty.
What are the justifications for not purchasing an extended warranty?
When you are leasing, it is the most clear situation when you don’t need an extended warranty. You don’t need to buy additional protection if your lease is for three years and 36,000 miles and your manufacturer’s warranty is also for three years and 36,000 miles. If the dealer tries to sell it to you, it is actually a scam.
You will receive the same amount of value in return, so you might as well simply toss your money in the trash. Since an extended warranty doesn’t begin until the manufacturer’s warranty has expired, you would essentially be purchasing a plan that offers no coverage at all.
Recall your lease’s mileage restrictions! The original coverage will terminate if you go above the limit before the lease expires. If you are going to greatly exceed the mileage restriction, leasing is usually not the best option because you’ll end up paying a lot in over mileage penalties.
In the event that you disregarded our advice and signed a long-term lease, you will need to look into getting extended insurance.
Is purchasing an extended auto warranty necessary?
A bumper-to-bumper warranty of at least three years and 36,000 miles is almost always included with new cars. The warranty is even longer for several brands.
You don’t need an extended warranty if you maintain or lease your car for a shorter period of time than the manufacturer warranty.
You can think about getting an extended warranty to cover repairs in the vehicle’s fifth and sixth year or longer if you want to maintain it till the wheels fall off.
Can I revoke my extended Honda warranty?
- ANY AUTHORIZED DEALERSHIP OF HONDA MOTORCYCLES PERMITS YOU TO CANCEL THIS CONTRACT AT ANY TIME AND FOR ANY REASON BY COMPLETING AND SUBMITTING A CANCELLATION FORM TO AMERICAN When requesting cancellation, documentation of vehicle ownership or information about the lienholder is necessary.
- ONLY THE CONTRACT HOLDER OF RECORD MAY CANCEL THIS CONTRACT AND ONLY BY COMPLETING AND SUBMITTING A CANCELLATION FORM TO AMERICAN HONDA.
- If YOU are the original buyer, YOU are entitled to a return as described below upon termination of the CONTRACT:
- Where permitted by applicable state legislation, YOU will receive a full refund of the purchase amount, less a $25.00 processing fee, if YOU cancel this CONTRACT within sixty (60) days of the Effective Date and no claim has been made.
- YOU will receive a pro-rata refund based on the period still remaining, less any claims paid under the CONTRACT and, where authorized by state law, a $25.00 processing charge, if YOU decide to cancel this CONTRACT after sixty (60) days of the Effective Date or if a claim has been filed.
- TRANSFERRED CONTRACTS ARE NOT EXEMPT FROM REFUNDS FOR CANCELLATION. A REFUND MAY ONLY BE GRANTED TO THE ORIGINAL CONTRACT HOLDER OR, IF ANY, A LIENHOLDER AS SPECIFIED BELOW.
- The cheque will be paid payable to the OWNER of the VEHICLE requesting cancellation if this CONTRACT was financed and a discharge of lien is given.
- Any refund amount will be given to the lienholder if this CONTRACT was financed and a discharge of lien is not offered.
- The lienholder may ask that the check be made payable to them in the event of a loan default or repossession for which they have been unable to contact the OWNER.
- By delivering notice of the cancellation to YOUR last known address fifteen (15) days before the cancellation’s effective date, WE may revoke this CONTRACT at any time and for any of the following reasons.
- Failure to pay the provider fee.
- a substantial misrepresentation or fraud in connection with this CONTRACT.
- Significant violation of this CONTRACT.
- Unless the termination is the result of YOUR failure to pay the provider fee, YOU will be given a pro-rata refund of the unearned provider charge if WE cancel this CONTRACT.
Is the Honda extended warranty applicable to batteries?
Warranty for Honda Batteries Honda Basic Warranty: For three years or 36,000 miles, every new Honda is covered, including the 12-volt battery. The warranty for tires is independent. Basic protection with extended protection on particular components.
Are oil changes covered by the Honda warranty?
Honda Certified Pre-Owned vehicles have the Honda Certified Warranty program. One of the top certified pre-owned coverage plans in the country, this warranty coverage shields drivers from any problems that can develop while operating a Honda Certified Pre-owned vehicle.
All Honda CPO vehicles that satisfy the Honda brand’s certified pre-owned standards are covered by the HondaTrue Certified warranty. Included under the warranty coverage are:
- Free oil changes twice every 12 months or 12,000 miles (whichever comes first)
- 7-year, 100,000-mile powertrain limited warranty
- Additional 12 months or 12,000 miles on HondaTrue Certified models OR an additional 24 months or 50,000 miles with HondaTrue Certified+
- Emergency roadside support that includes: battery jumpstart, lockout assistance, flat tire change with spare, emergency gasoline delivery up to three gallons, and winch service.
When you stop by our Florida dealership for a test drive, you can discover all the advantages of buying a Certified Pre-Owned Honda vehicle.
Is paint covered by the Honda extended warranty?
A 3-year/36,000-mile bumper-to-bumper warranty that covers manufacturing flaws and entails roadside support is included with all new Honda vehicles. A powertrain warranty, which covers the engine, transmission, and drive axle for five years and 60,000 miles, is also included with new cars.
What is Honda’s Bumper-to-Bumper Warranty?
The New Vehicle Limited Warranty is the name of Honda’s bumper-to-bumper warranty. It protects practically any portion of the car against manufacturing flaws, as the name would imply. It’s important to note that it excludes damage caused by negligence, abuse, vandalism, theft, or accidents.
A bumper-to-bumper warranty is sometimes the shortest warranty a car company gives because it contains the most thorough coverage. The Honda warranty isn’t as long as warranties from other brands. The majority of automakers offer longer warranties (up to 5 years/60,000 miles), but this one is the shortest bumper-to-bumper guarantee on the market.
Honda Hybrid Powertrain Warranty
The Honda warranty additionally covers a number of hybrid components in addition to the regular bumper-to-bumper and powertrain coverage. Terms vary according on the states and areas covered. Depending on the state, major hybrid components may be protected for 8 years/100,000 miles or up to 15 years/150,000 miles.
Honda’s Seatbelt Warranty
Honda offers customers a seatbelt warranty in addition to the regular warranties. The warranty period for malfunctioning seatbelts is 15 years or 150,000 miles, whichever comes first.
Honda’s Rust Perforation Warranty
For brand-new automobiles, Honda offers a Rust Perforation Warranty. Every model panel on your car that rusts from the inside out will be repaired or replaced by the company. There is no mileage cap during the five-year coverage period.
Honda’s Limited Accessory Warranty
For genuine accessories that were installed at the time of purchase, Honda offers a restricted warranty. A 3-year/36,000-mile limited warranty is offered on them. Honda will not pay for repairs if the use or installation of non-original equipment results in damage to your car.
Honda’s Roadside Assistance Perks
With every new Honda car sold since 2015, roadside assistance is included for 3 years or 36,000 miles. The coverage includes the following:
- Winching
- Towing for malfunctions and accidents
- supply of fuel
- tire repair services
- lockout assistance
- services to jump-start
In addition, Honda offers travel interruption insurance if your vehicle malfunctions more than 100 miles from your house. The maximum amount that can be reimbursed for meals and housing is $300 (up to $100 each day for three days). Honda also offers concierge services to assist you in reserving a hotel room or flight, as well as finding a taxi or rental car.