warrantee q

Sis just bought a new Odyssey. Comes with 36mo/60kmile. Worth $1600 to
go 6yr/100k?

 

No.

At 100k, a Honda is just getting broke in. Spend it on
collision and comprehensive insurance. Body repair rates are insane,
these days. BTW, anyone not carrying at least half a million of
liability/medical is either broke or stupid.

nb

 

Even that little is stupid.

Get an umbrella policy. Cheap, and covers all your liability--car and
home.

 

Warranty Direct offers "bumper to bumper" 6yr/100K for about $1000
with a $100 deductible. Lots of independent mechanics can use Warranty
Direct, you are not tied to Honda dealers.

But, IMHO, she'd be better off paying for a roadside service plan
(flat tires, dead battery, etc), adding towing and rental car riders
to her auto insurance policy and putting the remainder into some
investment.

 

Ody's were redesigned in 05, 06? I haven't seen any long-term "watch"
items for the newer model yet. Still too new?

 

Hell no.

For one, I think there's already an extended Honda drive train warranty
beyond the bumper to bumper coverage you mentioned.

Tell her to take the $1600, put it in a good mutual fund and in the unlikely
event the bus needs significant repairs after the Honda warranty period, pay
for them with the capital gains on the mutual fund.

Now if it was a Ford or GM vehicle, I'd probably have different advice;-)

 

Pay for 100,000 on your car insurance and get an umbrella policy. It is
much less expensive, and also covers ANY liability you may have, including
your home.

 

You don't need a half million in insurance unless your net worth is that
much.

If I've got only $800 in the bank, an eight year old car, no real estate and
a lot of credit card debt, you could sue me whatever I may have done or not
done and win a judgment for $2,000,000.... and you'd never get a dime. Can't
get blood from a stone my boy.

That why lawsuits are directed toward those with deep pockets;-)

 

On the internet you can buy a zero deductible 120k 8 year Honda Care service
agreement for around $1200 so your deal is not worth it. Search using
www.google.com and make sure it is official honda agreement. 3rd parties can
go out of business. Is any worth buying? If you sell the care before the
service agreement is over you will probably get a lot more money for it so
it could easily pay for itself.

 

State Farm now requires more than 100k coverage to qualify for the umbrella.

 

But why would you want to lose any of what little you have?

 

I would never buy a 3rd party warranty. Besides the Honda care policy can
be found cheaper on the internet.

 

Then buy from someone else. I use Geico, and it is 100k...

 

Want to thank you all. Based on what you fellas have said, she is not
buying the extended warrantee.

 

GEICO would be the only carrier to require it then. Typically the required
liability is $500,000, though some carriers will go to $300,000 or
$250,000/$500,000.

 

There are lots of reasons I like GEICO best... ;-)