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#2 (permalink) | |
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Mini Me!
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I feel like I am diagonally parked in a parallel universe. |
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#3 (permalink) |
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Minister of Discord
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Puts on the prognosticator hat:
Several - Not worth it. Worthless, etc. Several - Quoting the Consumer Reports Article on Ext. Svc. plans. Several - "but if something major breaks" Several - refuting the above "you already get a 5/60 powertrain warranty...what else will break that is covered and costs that much" This has been beaten to death. The replies will be a mixed bag of 'worthless' and a few stories about the Ext. warranty save them thousands. This=buy it if you feel the need for 'insurance' for breakage.
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• Official BMW 1-Series Thread • DX/LX/EX Gas Mileage Thread • Civic Si Gas Mileage Thread • Civic Hybrid Gas Mileage Thread |
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#4 (permalink) | |
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Senior Member
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They want 900 bucks for 7 years/ 120,000 miles warrent.....I don't know if it is even worth it........anyone have any ideas? |
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#6 (permalink) |
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Senior Member
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Remember the insurance company is selling the warranty to make money for them. Over the long term and many vehicles, they take in about what they payout on the warranty. They make additional money by investing the premiums until they have to make a payment.
As an individual, you may have good luck with a car and there are no repairs, or bad luck and have many. In the long run, statistically, warranties will cost you more than just making the repairs as needed because the seller must make a profit. |
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#8 (permalink) | |
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Mini Me!
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Quote:
__________________
I feel like I am diagonally parked in a parallel universe. |
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#10 (permalink) |
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STIG: a tamed race driver
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Don't do it! Specially if you plan to do anything at all to your car. Extended warranties are voided if you even change your rims, and since they are not bound by the Moss lawsuite, they don't have to prove that your change caused the failure. So if your A/C fails, they come to you and say you changed your rims, your warranty is void, have a nice day. Or my favortie, you got hit and they replaced your fender with non-Honda part.... sorry we can't pay for your engine replacement.
And be careful, those stupid things don't cover everything. Think of it this way, the company you are buying it from is taking a gamble that your car will have less than $900 in reapirs between now and then... if these guys are spending millions to figure this out, why take their words for it? Chances are you won't have over $900 in repairs, they just told you. |
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#11 (permalink) | |
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STIG: a tamed race driver
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Benz... lol, why does that not surprise me. A car company that sells high-end car that have been found to be less reliable than Korean cars, I think I would buy the extended warranty too. Benz quality has just gone down hill since the mid 90's, although they say they have cut back profits from 3 billion to 1 billion to increase reliability, but I guess only time will tell. |
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#12 (permalink) | |
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Mini Me!
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Quote:
__________________
I feel like I am diagonally parked in a parallel universe. |
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#13 (permalink) |
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Member
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I am not sure I believe they could realistically say that they would void your "entire" warranty because you changed rims in your example. Perhaps they wouldn't cover the tires.
I changed my speakers and headunit and I have the extended warranty, are you telling me my whole warranty is void now? |
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#14 (permalink) |
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Member
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C. Any repair if a non-authorized part or accessory caused or contributed to, the MECHANICAL BREAKDOWN (e.g. aftermarket performance parts, cold air intakes, strut tower braces, headers, adjustable fuel rails, non-factory or non-DEALER installed stereo equipment, radios, speakers, amplifiers, compact disc changers, mp3 players, satellite radio/stereo systems, ect.).
There's the part about that. They can only deny you service if you changed something that contributes to the mechanical breakdown of it. Also, here is an interesting thing I saw, does this mean they give you free oil changes? Can someone explain? E. OIL CHANGES This CONTRACT provides YOU with scheduled oil changes for the term of this CONTRACT, based on "Normal" usage conditions in the HONDA OWNER'S MANUAL, and according to the HONDA Factory Recommended Maintenance Schedule. This service is limited to oil changes and oil filter changes performed at authorized HONDA DEALERSHIPS for a value of up to $25.00 per service. YOU ARE RESPONSIBLE FOR ANY CHARGES EXCEEDING $25.00 IN CONNECTION WITH AN OIL CHANGE UNDER THIS CONTRACT. |
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#15 (permalink) | |
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STIG: a tamed race driver
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Not your whole warranty. The law is that a manufacture has to prove that what ever you change directly cause the problem you are having your car, but it only holds for the manufacture warranty, extended warranties are not through Honda but a different company called Honda Care or some other 3rd party, not the manufacture. These warranties do not follow these laws because they are not from the manufacture. There is a guy over on S2ki.com that had his Honda Care warranty voided because he had a carbon fiber hood (completely stock engine), his tranny went out, guess who paid for the tranny... The adjuster never even looked under the s2k's hood, just walked about 10 feet from it told him the warranty is voided because the aftermarket hood. I heard of a different person who had their warranty voided because of different rims, and yes it was the ENTIRE extended warranty was gone, extended warranties are not bound by any law and you are subject to what ever is in the contract, which normally says they have the right to void the contract "under any conditions they see fit". If all else fails the adjuster can just say your engine failure was due to racing, too. Those are just complete rip off IMO, at least the honda one is. |
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#16 (permalink) |
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Member
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But if you read above I put the part of the contract in that applies, it says it had to cause or contribute too. There is no way that putting rims on a car would cause or contribute to anything with, say, the engine for example. So if someone tried to tell him his whole warranty is void, that is a violation of the contract, and he should try another dealer or call customer service to complain.
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#17 (permalink) | |
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STIG: a tamed race driver
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That's only for the factory warranty from Honda not Honda Care. Maybe the warranties say that, but when I bought my '03 Civic, '04 Civic, '04 Accord and '06 Civic, it never said that, it said it was up to Honda Care to decide if it effected the car. Like I said, Honda and Honda Care are not the same, don't confuse them, it's like saying Ford and Progressive Insurance are the same. |
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#18 (permalink) |
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Member
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I'm sorry I am really not trying to get an argument with you, but I am only trying to clear this up. I actually pulled that from a sample contract of honda care on this website:
http://www.jayhondacare.com/Sample_Contract.htm Let me know what you think... |
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#19 (permalink) | |
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STIG: a tamed race driver
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Well, the one I was presented with was much longer than that, it actually came with a book. Then I thought to myself, why am I buying a Honda? Because I am banking on it not breaking down and lasting a long time. If I was buying a Ford, then I might want to look at that lol |
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#20 (permalink) | |
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Senior Member
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