Northwest Honda had some pity on me because I racked up 66k miles on a Toyota Echo only a year into a 4-year loan. The transmission was shot and the warranty was expired. This left me with a HUGE "upside down" loan that had to be rolled into my new car's loan. That's why they gave me a break on the service plan. My car payment is $525/month because the Echo crapped out so early in the loan.

I got the hybrid because I drive the heck out of my car (as evidenced by 90k miles in 3 years!) I guess that's better than 66k in one year...

 

I had planned to buy my HondaCare warranty from Bernardi Honda (www.hondawarrantyinfo.com) for ~$950 for a 8 yr/120k mi/$0 deductible warranty. I showed the finance manager the quote when I was picking up my car, and the dealer matched it without blinking an eye.

Terry

 

How does that work? A refundable warranty?? More info please!

 

The warranty is through API. The dealer said it was the exact same coverage (and price) as HondaCare except that it is refundable after 5 years as long as you don't use it.

I just looked at the warranty and it says 'not refundable in CA, FL, LA, MN, WA, WI, and WY'.

The catch is you have to notify them within 6 months of the warranty expiring or you don't get the refund.

 

I do not buy extended warranties. They are major profit centers for the dealership, and your odds of needing it are only slightly better than winning the lottery. I don't buy lottery tickets, either.

 

That seems to contradict the whole reason extended warranties are sold!

Got a website link? I'd like to find out more about this. It just seems too good to be true! But hey, if it's as you say, it's a GREAT deal!

 

Ralph Schomp Honda does the same thing with an Extended Warranty through GE. If you don't use it, you get a FULL Refund. Same catch, though. They probably hope that most people forget until it is too late. I'm sure that is what happens most of the time.

 

DWAX: I just checked out my API warranty and mine says you have to notify them within 30 days after the warranty expires to get the money back. I bought a 2003 Honda CR-V with this warranty back in Oct 2002 and I can't believe I paid $1398.00 for it! But I hope my CR-V holds out for another two years so I can get those $$ back!! Actually a little over 22 more months. I guess at this point I would have to weigh my options about paying for a repair myself so I could get the $$ back from the warranty.

The deal is as long as you don't make a claim within the 60 months you get it all back.

 

I found the website to this (GPR) for the API warranty.

http://www.apiwarranty.com/gpr.aspx

 

Anybody got an update on getting an extended warranty. I was going to purchase one (the car is too high tech for me) but bring a quote to the dealer with me and see if they will match the price.