I guess the reason I never heard of it is it doesn't seem to be available in Florida where I live as Florida is not listed in the drop-down Menu.
Yeah, Florida does not allow out of state purchase of HondaCare. These extended warranties are most often treated as "insurance" so they fall under your states insurance regulation and laws.
You can still purchase HondaCare, it's just that it must be from a FL dealership. The price is likely retail though, so it's a bit steeper value proposition for an owner to assess for their use/non-use.
There will never be agreement in this forum about the value of HondaCare, because different owners have different willingness to risk open ended costs of repair of their vehicle. So it is always an individual decision. I mention it in threads like this to help insure owners (like yourself) know it is an option and it may very well more than pay for itself over the life of your vehicle. Worst case it fixes your total cost of repairs for the effective life of your vehicle. If not this time around, it is still a consideration when you purchase your next vehicle.
-Some folks like to roll the dice and take their chances, only to come back and rant and complain later when they have a multi-thousand dollar out of warranty repair they are facing.
-Some folks have a CRV that literally will never present them with an expensive out of warranty repair, but as the vehicles become more and more complex, this becomes less likely in reality.
-Some folks only keep their vehicles for 3-4 years, so an extended policy makes no sense for them.
- Some folks, like myself, shunned extended warranties for many years, but since 2013 I slap a HondaCare policy on my Hondas when I buy them. While I can easily pay for the cost of any out of warranty repair, my assessment is that having a fixed cost of ownership gives more peace of mind than an open ended cost basis model of no extended warranty. Since I keep my vehicles, on average for 8-10 years, I prefer the peace of mind in knowing that if I were to encounter an expensive random failure, Honda will perform the repair at no additional cost to me. Given most significant repairs run into the thousands of dollars these days, the value proposition is stronger now days for opting an extended HondaCare policy.
Avoid 3rd party extended warranties like the plague though. Many are scams, and most are much more expensive than HondaCare.