Do I take the factory warranty?

[coopns]

Honda Odessey EXL 12. Do I take the warranty or leave it? It has 3 year bump to bump.

8 years 100k - $1690
7 years 80k - $1290

I am at 349 a month and would like to stay right near that. Could finance that in but...I don't know. I never do warranties. It is covered 3 year bumper to bumper.

Let me know what you think. Have to decide by tomorrow at 12.

 

[Mr Nice]

I would NOT.

 

[NHHEMI]

Transmission = $4000+

I would do it.

 

[John_K]

Put the money in the bank in case something happens.

John

 

[Colt]

You can buy a discounted Honda Care warranty from Bernardi Honda and Saccucci Honda.
Do a search.
I bought a Honda Care 8 yr/100K miles for $935 and no sales tax.

 

[hounddog]

Better take the warranty.

 

[rjundi]

Get a quote here: http://www.curryhondacare.com/

My experience with an Acura MDX(distant cousing) 75k-99k is not a single warranty issue. The prior owner had no issues either.

 

[JHZR2]

you cant afford the car if financing. Put what cash you have to a van that you can afford, and keep some excess for repairs.

 

[dparm]

Just save the extra money you would've spent on the warranty and put it in your savings account...just in case something does happen (highly unlikely).

 

[simple_gifts]

Why is this a factory warranty? Toyotas, the warranty comes WITH the car.... 8)

Does Honda offer it or a separate service organization?

 

[KrisZ]

If you think the car needs the extra warranty, then why even consider that turd of a car?
Isn't the whole idea of buying the holy of holiest (Honda or Toyota) because they don't brake?

If this is a long term commitment then you will be better off starting a good maintenance regiment or getting something else.

For short term I would sell it privately at about 3 years, as people are willing to pay stupid money for the Honda badge.

 

[Hokiefyd]

Do not pay list price for those Honda Care offers. Negotiate with them. You can negotiate the price down to not much more than a set of tires, and for that, I think the peace of mind is worth it.

We bought our 2008 CR-V as a Certified Pre Owned Honda. They offered the Honda Care for something like $1,100, and I paid $600 for it.

 

[JTK]

The powertrain (engine, trans, axles, bearings,etc) is covered for 5yrs/60K miles, so in reality, the majority of the extended warranty you pay for doesn't even kick in for years and many miles.

The only time I ever bought an extended warranty on a new vehicle was on a new Nissan. I never used it because I sold the vehicle w/in 3yr/36K miles. For $50, the new owner was able to xfer it to them.

Joel

 

[fdcg27]

Short answer, no.
Don't bite on this.
Selling dealer offered both extended warranty on the car as well as one for the wheels and tires on our '12 Accord.
The F&I guy (aka closer) was not doing a good job of keeping a poker face when I declined.
Dealer profit center, probably not needed.
My Honda indie, a guy of about my age with a few decades of experience tells me that the Ody after '03 or so has no tranny problems.
You'd likely need the extended warranty only after it expires.
Honda gives you six years and 64K on the expensive bits (powertrain), while EPA gives you a warranty on the emissions bits.
What are you really getting for what you'd pay?

 

[JTK]

Originally Posted By: fdcg27

Honda gives you six years and 64K on the expensive bits..


Never heard of that.

AFAIK, it's always been 5yrs/60K miles.

 

[fdcg27]

You're right.
It's 5/60.

 

[JTK]

Originally Posted By: fdcg27
You're right.
It's 5/60.


It's tough to keep track anymore! Like you say, different components may have their own warranty too, like the Fed emissions warranty on catalytic converter assembly for 8yrs/80K miles.

Main thing is to STUDY the warranty booklet that comes with your vehicle. Funny how dealer Service Writers can often 'forget' about things that should be covered.

Joel

 

[coopns]

Great hearing the points. I really appreciate them. I kind of feel like KrisZ. Spending the big cake on Honda, half the reason we are doing it is for 'realiablity' (other half is keeping wife happy). But I figure the big stuff should "should" be fine. If it doesn't cover wear and tear, seems like that is all it ever is. We really don't drive hard, hopefully that is a big factor, and the more I drive I really feel it is. My Taurus had 200k on it with a few brake jobs, misc. items. Now the Dodge Grand Caravan has 160, same type of small stuff. I don't know, probably going to hold off.

 

[fdcg27]

Still, from 60K to 100K, you're not getting much for your money in an extended warranty.
In anything we've owned over the past thirty five years or so, nothing other than brakes and tires were needed before 125K or so anyway.
I suppose that if you treated a car as some members do (arco, are you here?) an extended warranty might make economic sense.
For most of us, it's just an uneeded expense.
If anything bad does happen in between 60K and 100K (really unlikely), then you'd just cough up the couple of grand and go on.
It's so unlikley as to be a risk not worth insuring against with an extended warranty.
An expected value calculation would tell you not to pay for the extended warranty, but then an expected value calculation would also tell you to buy a lottery ticket.
We don't pay for either.

 

[Hokiefyd]

It's not worth it if you pay retail, no question about it.

But there are certainly a number of items that can fail after the 3/36 is out, and they're not powertrain related. Things like wheel bearings, things like HVAC blower fans and blend door motors, things like steering wheel clock springs. Are these common failures? No. But if you buy the Honda Care smartly, for $500-700, you may very well get your money back over the period of what amounts to many years and miles closing in to 100k miles. People who pay retail for it won't get their money back, on average. That's the way the game works. If they want to sell it bad enough, they'll sell it at a discount.

I did the same on my Toyota Corolla. I think I paid $650 on a warranty that "cost" $1,200. I got most of it back when I traded the car at that dealership. So it's not just Honda...it's at least two different manufacturers, and is likely industry-wide. Folks who pay retail essentially subsidize folks who negotiate for a deal. This doesn't apply only to the warranty, but to the car business in general. They don't make as much on some people, but make that up based on profit from others.

Edit: If I recall, the OP is buying an Odyssey. The HVAC system is all electronic on that, with who knows how many small motors. Hint: those motors are almost $200 each, just for the part. I repaired one on our MDX earlier this year. This stuff can fail. The Odyssey has any number of power windows, doors, sunshades, etc. It's not unheard of for wheel bearing problems on Odysseys, though I don't know if that applies to the current generation. There's a thread on here about a Sonata that is 5 years old, with 81k miles, and it needs a $1,700 ABS pump. Stuff like that happens sometimes.

These are complex vehicles with many electronic assists that make them work. Saying in sarcasm that it's a Honda or a Toyota, so it's perfect and shouldn't need a warranty is silly. We all know that no vehicle is designed or assembled perfectly. Warranties are an ownership tool; buy them smart if you can and enjoy the peace of mind.