Honda Warranties

Have purchased an 05 Accord, any thoughts as to the wisdom of purchasing one
of the factory warranties.
Thanks

 

Excuse me, didn't we just complete a thread on this very topic only
yesterday?

Tony, I would think if you look in your news queue for the past 2-3 days
you will find your answer, in detail.

Short answer: save your money.

 

Do you worry a lot? If so, buy an extended warranty. You are buying peace
of mind.

If you don't worry a lot--don't buy one. It's very unlikely you will have
any major problems with your car during the warranty period. Even if you
do, it probably won't cost more to fix the problem than you would pay for
the warranty.

I worry a lot so I purchased an extended warranty. I have peace of mind
but I realize that it was a bad investment.

 

Then it's _not_ a bad investment.

Piece of mind is priceless.

 

<ifO_c.217781$> "Steve

And a fool and his money are soon parted.

You'll realize just how bad of an investment it really was if/when it ever
comes time to use it and you learn that your particular malady is one of
those things mentioned in the fine print (one of the weasel clauses) as
being excluded or otherwise limited.

Example, blow a head gasket some time and see what you're told.

Example #2: Run over some object in the road and have it fly up and
puncture your oil filter, a mere $5 part. But it's late and you're in a
really bad neighborhood or your wife is alone on the highway and there's
no safe or convenient place to get off, so you or she runs the car out of
oil. Call up your warranty company and see what you're told.

To me "peace of mind" is knowing that there's enough money in my savings
account to fix the car should anything major crop up. For the price of one
of these "extended warranties" I can do a pretty major repair and not have
to argue with anyone about what's covered and what isn't.

In fact... for less than 1/3 the cost of that ext. warranty, which it's a
statistical fact you're unlikely to ever need, I can have the 60k major
service done, including the timing belt. Your ext. warranty won't cover
one red cent of that repair or any other routine service, but that same
money, tucked safely away in a savings account will cover every penny of
it, with money left over.

 

<Snipped drivel of how a warrenty doesn't cover non-warrenty repairs>

Actually, I meant for _him_.
Get over yourself.