warrantee q

Discussion in 'General Motoring' started by merlotbrougham, May 11, 2007.

  1. Sis just bought a new Odyssey. Comes with 36mo/60kmile. Worth $1600 to
    go 6yr/100k?
    merlotbrougham, May 11, 2007
  2. merlotbrougham

    notbob Guest


    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.

    notbob, May 11, 2007
  3. Even that little is stupid.

    Get an umbrella policy. Cheap, and covers all your liability--car and
    Elmo P. Shagnasty, May 11, 2007
  4. merlotbrougham

    ACAR Guest

    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
    ACAR, May 11, 2007
  5. Ody's were redesigned in 05, 06? I haven't seen any long-term "watch"
    items for the newer model yet. Still too new?
    merlotbrougham, May 11, 2007
  6. 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;-)
    Eye In The Sky, May 11, 2007
  7. merlotbrougham

    Joe LaVigne Guest

    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.
    Joe LaVigne, May 11, 2007
  8. You don't need a half million in insurance unless your net worth is that

    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;-)
    Eye In The Sky, May 11, 2007
  9. merlotbrougham

    Art Guest

    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.
    Art, May 13, 2007
  10. merlotbrougham

    Art Guest

    State Farm now requires more than 100k coverage to qualify for the umbrella.
    Art, May 13, 2007
  11. merlotbrougham

    Art Guest

    But why would you want to lose any of what little you have?
    Art, May 13, 2007
  12. merlotbrougham

    Art Guest

    I would never buy a 3rd party warranty. Besides the Honda care policy can
    be found cheaper on the internet.
    Art, May 13, 2007
  13. merlotbrougham

    Joe LaVigne Guest

    Then buy from someone else. I use Geico, and it is 100k...
    Joe LaVigne, May 14, 2007
  14. Want to thank you all. Based on what you fellas have said, she is not
    buying the extended warrantee.
    merlotbrougham, May 14, 2007
  15. merlotbrougham

    Larry Guest

    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
    Larry, May 15, 2007
  16. merlotbrougham

    Joe LaVigne Guest

    There are lots of reasons I like GEICO best... ;-)
    Joe LaVigne, May 16, 2007
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