While in theory they could be a good idea, extended warranties are frequently expensive and don’t always cover everything that could go wrong.
Additionally, many buyers of extended warranties never utilize them. An extended warranty would then be a cost with no financial benefit. In a Consumer Reports survey, barely a quarter of respondents said they would buy an extended warranty again, and 55% of those who purchased one did not utilize it.
Additionally, among those who made use of their guarantee, the cost of repairs was frequently less than the warranty’s price.
It can make more sense to put aside the cash you would spend on an extended warranty and use it to pay for any necessary repairs rather than buying one.
However, there are a few things you should be aware of before making the decision to purchase an extended warranty, including how it functions, how much it costs, and the benefits and drawbacks of doing so. Furthermore, even though we’ll use the term “extended warranty” since it’s widely accepted, this is not a warranty as that term is used in federal law, and it doesn’t offer the same consumer protections that other warranties do.
In This Article...
After purchasing a Honda, is an extended warranty available?
When your factory warranty expires, a Honda extended warranty can give you security. However, independent service providers might be more adaptable than Honda Care’s auto service agreements.
The price of an extended warranty is not disclosed on the Honda website. The price for a 3-year/120,000-mile extended warranty and a 5-year/120,000-mile extended warranty for a 2019 Honda Accord with 35,000 miles, respectively, was $1,850 and $2,250, respectively, when we contacted a Honda dealership for quotations. Costs are significantly influenced by variables including mileage, location, and dealership.
A Honda extended warranty may only be bought from a Honda dealership before the limited warranty on your new car ends. After then, you should consider your possibilities from third parties.
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.
Is purchasing an extended warranty a wise move?
Extended warranties are often “a lousy value” when it comes to the overall cost of your car, according to Gillis. 55% of consumers who bought an extended warranty in a Consumer Reports poll never used it. Most people who used the guarantee ended up spending more on repairs than they had originally saved.
Additional negatives include:
- A percentage of the repair expense may be covered by some extended warranties. The remainder, along with a deductible, is your responsibility.
- Overlap: If you already have coverage from the manufacturer’s warranty or a mechanical breakdown insurance policy, you may not need the extended warranty. In that situation, Gillis claims that “the additional coverage is not worth the premium.”
- A Consumer Reports poll found that 55% of those who purchased extended warranties never used them.
- Limitations: You might need to bring your automobile to a repair facility that has been approved by the warranty instead of choosing your own technician.
- Exclusions: The fine language in every contract outlines how the warranty may be applied. For instance, the provider can refuse to pay for issues brought on by regular wear and tear or lower the claim settlement in light of your car’s depreciation.
Does purchasing an extended warranty for a car make sense?
Generally speaking, extended auto warranties aren’t worthwhile financially. According to a Consumer Reports poll, the majority of individuals who acquire an extended warranty save less on repairs than they paid for the agreement.
An extended car warranty is probably not worthwhile if you drive a dependable vehicle and keep enough money in savings to cover an emergency auto repair. Similarly, if you already have a dependable technician or have insurance that provides comparable benefits, you might not need an extended warranty.
However, choosing to buy an extended warranty isn’t necessarily only a financial one. For some people, the cost of mental tranquility may be worth it. You might feel more at ease purchasing an extended warranty if your car isn’t the most trustworthy. Just be certain that you are aware of the history of the car and your personal priorities.
What makes a Honda warranty invalid?
If an aftermarket part was fitted incorrectly or caused a component failure, a dealer may void your warranty. In this case, you’ll be responsible for paying for the vehicle’s repairs.
Honda extended warranties are they returnable?
An excellent approach to save long-term repair costs is to purchase the Honda Cares extended warranty. Fortunately, you can cancel your Honda Care extended warranty by following these easy steps:
- Contact the dealership where you purchased the Honda Care policy as the first step.
- Inform the representative that you wish to cancel the extended warranty in step 2.
- Step 3: Give the agent any pertinent data they might require.
Although you can terminate the warranty at any time, you will only be eligible for a reimbursement if you complete the following requirements:
- You’ve got 60 days from the date of your initial purchase to cancel.
- None of the extended warranty services have been utilized by you.
You shouldn’t have any trouble terminating your extended warranty as long as you adhere to the aforementioned procedures and satisfy those two requirements. Remember that if you don’t have a warranty, you’ll probably have to pay for mechanical repairs out of pocket.
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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?
The powertrain is covered by a limited warranty for 7 years and 100,000 miles. A further 12 months or 12,000 miles for HondaTrue Certified, or a further 24 months or 50,000 miles for HondaTrue Certified+. Free oil changes twice every 12 months or 12,000 miles (whichever comes first)
If Honda Care is financed, can I cancel it?
Honda Care can be canceled at any moment and for any reason. 100% of your money will be refunded if you cancel within 60 days. Refunds are then calculated based on the amount of remaining contract time or the amount of actual mileage.
How long is the warranty from Honda?
A 3-year/36,000-mile limited warranty and a 5-year/60,000-mile powertrain warranty are both included with the purchase of a new Honda car. All new Honda cars are protected by a 3-year/36,000-mile limited warranty as well as a 5-year/60,000-mile powertrain limited warranty.
Is paint covered by the Honda extended warranty?
However, if you were to purchase a new Honda and discovered that the paint had visual problems as a result of poor materials or craftsmanship, these would normally be covered by the new vehicle limited warranty.
Otherwise, warranties do not cover dents or paint scratches in exterior or body panel damage.
You’re in luck if you have comprehensive auto insurance right now! This insurance covers damage caused by vandalism to your car, such as paint chips or scratches from a keyed vehicle. If you don’t have it, it’s never too late to add it to ensure coverage for unanticipated circumstances in the future. Jerry will help you find affordable, quick, and simple auto insurance!
Jerry is a certified broker and great software for shopping for insurance that compares rates from the best insurance providers. Jerry will assist you in enrolling in your new coverage and terminating your old policy once you’ve found a rate that is inside your spending limit. Additionally, the typical user saves more than $800 annually.
Brakes are they covered by Honda’s warranty?
With the exception of wear-and-tear parts and annual maintenance, the Honda new car limited warranty covers the majority of your automobile’s components. Beyond the car’s initial in-service date, this protection package is valid for 3 years and 36,000 miles.
Regular maintenance, wear-and-tear components, damage from collisions, theft, vandalism, and environmental effects are the main exclusions from the Honda warranty.
No, a Honda warranty does not cover the majority of brake parts. This is because brake pads are regarded as wear-and-tear components, the duty of the automobile owner.
If the Honda warranty is still valid, it will transfer to the new owner. For details on how to transfer coverage to a new owner, contact your local Honda dealer.
Does an extended warranty cover an alternator?
Which components are protected by an extended warranty? The specifics of your warranty determine what is covered by an extended auto warranty. The powertrain (engine, transmission, etc.), air conditioning, alternator, gaskets and seals, electrical parts, safety restraints, and other things can all be included.
Do bumper-to-bumper warranties hold any value?
Extended bumper-to-bumper warranties are worthwhile because they provide the highest level of peace of mind. You won’t have to worry about paying for expensive repairs as your car matures if you have comprehensive coverage. Bumper-to-bumper insurance alternatives, however, are sometimes the most expensive.
To ensure you’re getting the greatest bargain, we advise doing some comparison shopping and requesting estimates from several service providers. In the end, you’ll have to decide whether a bumper-to-bumper extended warranty is worthwhile for your situation and budget based on the pricing and term details.