honda dealer suggests Tire and Rim Warranty on new fit. Should I?

[upupnorth]

The honda dealer I am working with for purchasing a new fit (see link below) recommends that I purchase a $299 Tire and Rim warranty. Can anyone shed light on what that means and whether it's worth it?

http://www.redflagdeals.com/forums/s...=771816&page=2

[mr_raider]

Your tires should already have a warranty, pro rated to amount of wear on it.

[jasonkwan86]

It really depends.

The one from BMW I know protects it from punctures and broken and cracked rims for different periods of time. Runflat tires that BMW uses are costly and if by chance to get a puncture, they just replace the tire and you got your moneys worth.

Im not sure how Honda's tire warranty program works, but I would assume it would be similar. Lets say, you pay $299 for the warranty and that you have 2 tires punctured at $150 each. Then you get your money's worth.

Its all personal prefence too, if you dont think you will get a puncture, dont get it then.

Hope that helps!

[sunnybono]

Your tires should already have a warranty, pro rated to amount of wear on it.

OEM tires i don't think have a warrantys on them, atleast the last time I bought a new honda. I had to go to Green and Ross and paid $15/tire for the warranty.

sk

[mr_raider]

Seems to vary.

Lexus:

Tire Road Hazard Warranty (2009 and Prior Model Years)

Original equipment tires damaged by road hazards are covered under the Tire Road Hazard Protection warranty. This coverage is provided for a period of 36 months or 50,000 km or until the tire treadwear indicator becomes visible, whichever occurs first. The warranty applies to direct expenses incurred to repair or replace original equipment tires. Coverage is provided in respect to parts, labour, install

Looks like many of the other makes have scaled back on this one. Used be standard on Nissan, GM and many other makes a few years ago.

Still, you should check to see if your OEM (good year, bridgestone, etc...) didn't include a warranty booklet with the vehicle.

[upupnorth]

Thanks everyone for your comments. I found online a basic honda tire and rim warranty and I am reproducing it here. In light of comments and the warranty text, I don't think I am interested if I do decide to purchase from Honda.

---Road Hazard
New Vehicle Tire and Wheel Warranty

Term: The term of this agreement is continuous for 36 months from the date of sale. For the original
equipment tires it is for this period of time or until 4/32”tread depth remains, which ever comes first.

Tire Coverage: This warranty provides for the repair or replacement of the original equipment tires for the
term above, which become unserviceable because of a puncture caused by a road hazard. A road hazard is a
condition on a public road which should not exist there such as, potholes, nails or glass. All repairs are to
be made at xxx Honda in xxx. A replacement of a tire must be made at xxx Honda.

Wheel (Rim) Coverage: If a Rim is so damaged that it will not seal, resulting in air loss for any reason
other than those excluded, then that rim will be repaired or replaced. Rims will not be replaced for
appearance.

Mounting, Balancing and Valve Stems. The cost of mounting, balancing and valve stems will be covered
by this warranty. These repairs are to be completed at xxx Honda in xxx.

Claims Procedure. Bring your vehicle and damaged tire or rim to xxx Honda during normal business
hours, 8:00 am to 5:00 pm Monday to Friday.

Out of Area: If damage should occur away from the xxxx area, prior approval must be given by
xxx Honda service staff. Bring the approved repair order/receipts along with the damaged tire or rim to
XXX Honda during normal business hours. The claim will be adjusted by XXX Honda Service Staff.

What is not covered: Any tire or wheel damage that is covered by the contract holder’s vehicle insurance.
Repair or replacement nt prior authorized. Repair or replacement covered by a recall or the OEM supplier.
Damage caused by negligence, abuse, misuse, or arising out if or related to a collision, mischief, vandalism,
fire, chain damage, racing, theft, dry rot or improper tire inflation. Damage caused by impact with a curb,
off road use, a construction site or the failure of the vehicle’s parts.

[multimut]

You should buy insurance for catastrophic events that would result in a major cost that would be difficult to cover (e.g. fire insurance, auto insurance, life insurance to protect the family).

You generally should NOT buy insurance/warranty for regular every day events such as tire/rim insurance, extended warranty on electronics, etc...

The premium pays not only for expected claims, but also for substantial overhead, admin expenses, and profit margin. So you will come out ahead in the long run if you just keep the money and pay for repairs/replacements yourself.

[upupnorth]

Very well put. Thank you.

You should buy insurance for catastrophic events that would result in a major cost that would be difficult to cover (e.g. fire insurance, auto insurance, life insurance to protect the family).

You generally should NOT buy insurance/warranty for regular every day events such as tire/rim insurance, extended warranty on electronics, etc...

The premium pays not only for expected claims, but also for substantial overhead, admin expenses, and profit margin. So you will come out ahead in the long run if you just keep the money and pay for repairs/replacements yourself.

[a89aries]

You should buy insurance for catastrophic events that would result in a major cost that would be difficult to cover (e.g. fire insurance, auto insurance, life insurance to protect the family).

You generally should NOT buy insurance/warranty for regular every day events such as tire/rim insurance, extended warranty on electronics, etc...

The premium pays not only for expected claims, but also for substantial overhead, admin expenses, and profit margin. So you will come out ahead in the long run if you just keep the money and pay for repairs/replacements yourself.

Well said, I agree completely.

[magnodrome]

How long is the warranty for?

If I am in your shoes, I will just skip the idea of the tire warranty. The cost of replacing 1 tire is about $150 (give or take) that means it will require you to have warranty for 2 severely damaged (non-repairable) tires to break-even.


Unless, you always have tire problems (somehow you can flat tires 5 or 6 times a year) then I dont see the need for it.

[T-Bone]

Lets be honest here. The only reason the dealership is selling this product is to make a profit. Chances are that on average the total cost to fix any road hazard wheel related repairs on the first 3 years is less than $300.

[upupnorth]

Good points everyone. Scratch the warranty! Thanks.

[Anonymouse]

You're doing the right thing. But if future readers decide to buy it, let me know because I'd like to sell you RFD insurance (against saving money for retirement because of all the money you save by buying stuff you can't afford because it's a great "deal"). :-)

[tyfriend]

tire and rim warranty

lol