Is The Honda Extended Warranty Worth It?

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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.

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.

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.

Does purchasing an extended warranty make sense?

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.
  • 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.
  • A Consumer Reports poll found that 55% of those who purchased extended warranties never used them.
  • 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.
  • 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.”

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 warranty on a new car worth it?

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.

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.

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.

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)

What is the Honda bumper-to-bumper warranty?

What is covered by the bumper-to-bumper warranty from Honda? All new Honda vehicles include a New Vehicle Limited Warranty, sometimes known as a bumper-to-bumper warranty, in addition to a 5-year / 60,000-mile powertrain limited warranty (which covers the primary components that power the car, like the engine and transmission). These are also referred to as exclusionary warranties because, with a small number of exceptions, they cover the majority of auto systems and components.

The following is covered by the Honda bumper-to-bumper warranty for three years or 36,000 miles, whichever comes first:

  • batteries for remote controls and key fobs (but only for the first 6 months)
  • Replacement or repair of a defective 12-volt battery
  • Replacement or repair of damaged wiper blade inserts (but only for the first 6 months)
  • Any component with a manufacturing or material problem will either be repaired or replaced.
  • refrigerator refrigerant (but only for the first 2 years or 24,000 miles)
  • Tire alignment and wheel balance (but only for the first 12 months or 12,000 miles)

Certified Pre-Owned Honda Warranty

The Honda dealership often provides a certified pre-owned warranty on certified pre-owned (CPO) Honda automobiles. CPO warranties are only offered for cars bought from a Honda dealership. This guarantee offers:

  • 100,000 miles and 7 years of powertrain coverage
  • bumper-to-bumper coverage for 12 months or 12,000 kilometers

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 a bumper to bumper warranty worth the money?

Yes, if you want peace of mind to avoid expensive repairs or if your car is unreliable, a bumper-to-bumper extended warranty can be worthwhile. Most third-party warranty companies, including CARCHEX, offer a variety of plan options from which you can select one that best suits your budget. We advise requesting free quotations for any designs you are considering.