Honda Extended Warranty
Hey RFDers,
I recently bought a 2017 Honda HRV EX-L which is a Honda Certified Used Car. I ended up getting the Honda Extended Warranty for 7 years because my other half wanted me to get it. I didn’t want to get it but she ended up calling her mechanic friend and he also insisted on getting it because most cars have many electronic components such as the LCD touch display that costs more than the warranty itself if it breaks. So I gave in. It was sold to us for $2,238.
Having doing some more research, I found:
-The warranty is for 7 years and 130,000kms. The finance guy kept saying 7 years, 160,000kms which is the power train warranty so I felt like I was misled.
-The 7 year, 130,000km warranty begins at the original sell date which was June 2017 so Im only really paying for 4.5 years and 80,000kms (i bought the car with 50,000kms).
I was not aware of any of the above nor did the finance guy explain that to me. I know I have 30 more days to cancel the warranty but my other half still wants me to keep the warranty.
My question, is it worth it to keep it? And did I pay too much for the warranty? Or is that a “normal” price?
I recently bought a 2017 Honda HRV EX-L which is a Honda Certified Used Car. I ended up getting the Honda Extended Warranty for 7 years because my other half wanted me to get it. I didn’t want to get it but she ended up calling her mechanic friend and he also insisted on getting it because most cars have many electronic components such as the LCD touch display that costs more than the warranty itself if it breaks. So I gave in. It was sold to us for $2,238.
Having doing some more research, I found:
-The warranty is for 7 years and 130,000kms. The finance guy kept saying 7 years, 160,000kms which is the power train warranty so I felt like I was misled.
-The 7 year, 130,000km warranty begins at the original sell date which was June 2017 so Im only really paying for 4.5 years and 80,000kms (i bought the car with 50,000kms).
I was not aware of any of the above nor did the finance guy explain that to me. I know I have 30 more days to cancel the warranty but my other half still wants me to keep the warranty.
My question, is it worth it to keep it? And did I pay too much for the warranty? Or is that a “normal” price?