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Discussion Starter · #1 ·
Good Day CR-V Forum -

I realize I'm a first time visitor, first time poster, but please bear with me....

I have a friend / client for whom I just helped purchase a 2019 CR-V Touring in Northern Illinois. The deal is done, but now I'm trying to help her with obtaining pricing for an extended warranty.

The dealer (I think) quoted her around $2,100 for a 10 year extended warranty (I can't remember the mileage extension, but it's most likely for 100k miles). My question is whether or not CR-V owners have been finding better deals shopping around or if there is a source that is regularly mentioned on the forum. I did a search and College Hills Honda came up, but only with very limited information (I did read on the forum about the possible extension to 6yr/100k miles for the CVT, which makes me happy and nervous, all at the same time).....

The reason why I'm asking is b/c I own three Toyotas, and there are a couple Toyota dealers across the country who are willing to sell OEM extended warranties over the phone and have done so, with their contact information being shared by owners on the ToyotaNation forum. Toyota made a big stink about this a few years ago, but they have since relaxed their rules so long as the customer is making the initial contact.

Any thoughts or comments would be greatly appreciated.......but please be nice : ^ )
 

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Collegehillshonda sells them

Keep in mind with 99% of new cars you have mechanical breakdown ins on your policy .
Engine blows up out of warranty... $250, transmission... $250
So check that out.
If you are gonna go honda extended DROP THAT and you’ll save like 30-80 a yr on policy x 10yrs and it will pay for your honda one

But for oem extended... collegehills and one or two ithers are a few dollars diff


 

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2018 Honda CR-V EX-L Lunar Silver
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My Honda dealer said to wait the three years for the Honda warranty to expire, then buy the extension.
 

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Discussion Starter · #4 ·
My Honda dealer said to wait the three years for the Honda warranty to expire, then buy the extension.
Typically one must obtain the extended warranty within the original manufacturer's warranty, which in this case is 3 years/36k miles. Be cautious here.....
 

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I just got a quote of $985 for D80 Honda Care (8yr/100k/$0 deductible) for my 2019 CR-V Touring from hyanishondacare.com. That is an insurance policyI'm willing to live with for 5 years of peace of mind. One out of warranty repair, with rental car, could get me to the break even point, plus I'm going to cancel my current roadside assistance plan. I'm also in Hawaii, a harsh climate for some components.
 

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2017 CRV Touring - Pearl White w Black Interior
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My Honda dealer said to wait the three years for the Honda warranty to expire, then buy the extension.
I would not wait. As the vehicle gets older, you might find the price for the contract may go higher, then when the vehicles is in it's first 60 days of ownership. They have to let you buy one while the bumper to bumper warranty is still active, but nothing says they have to do it at a price you will like.

Also.. some states (Florida is a good example) do not allow an owner to buy a manufacturer extended warranty from an out of state dealer.. so check you state laws on this. Unfortuntely... restrictions like this give dealers the ability to block competitive pricing from across the country.

As for whether it is worth it or not.... one major mechanical, or more importantly... electrical subsystem failure during the life of the contract could easily surpass the cost of the Hondacare warranty. Treat it the same way you do insurance and assess risk that way. Honda's are generally reliable cars, but as we can see within this forum... there are always some vehicles that have component failures beyond the regular warranties that come with the purchase.
 

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I’m moving to fla and how expensive is the Honda care. I brought the warranty out of state before and saved a bundle from the NY dealer, but now can’t purchase warranty out of state when in fla.
 

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I’m moving to fla and how expensive is the Honda care. I brought the warranty out of state before and saved a bundle from the NY dealer, but now can’t purchase warranty out of state when in fla.
If you are determined to purchase it and haven't already, do it now. They will honor your warranty at any Honda dealer in FL. You are only forced to buy it there once you move.
 

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Years ago I bought a GM 3-year extended warranty. Adding to the original GM 3-year warranty, that gave me a total of 6 years coverage.

I bought that policy from a reputable out-of-state dealer a year after purchasing my new Chevy.

Best news: I got a pro-rated refund of the unused portion of my extended warranty when I sold my Chevy after just 4 years.

Not sure if today's Honda extended warranty works the same way. But I'd definitely ask.
 

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Years ago I bought a GM 3-year extended warranty. Adding to the original GM 3-year warranty, that gave me a total of 6 years coverage.

I bought that policy from a reputable out-of-state dealer a year after purchasing my new Chevy.

Best news: I got a pro-rated refund of the unused portion of my extended warranty when I sold my Chevy after just 4 years.

Not sure if today's Honda extended warranty works the same way. But I'd definitely ask.
Yes, HondaCare policies can be refunded. first 60 days = 100% refund. After that, it is on a normal pro-rate style schedule.

Even better.... you can transfer your Honda Care policy when you sell/trade your vehicle as well. The dealer I buy from will take the residual value of your HondaCare policy on a trade-in and add that directly on top of their trade-in offer. They always ask me if I have an active HondaCare policy, though in my case I have usually burned them out on time before I trade. But I appreciate they ask and are generous with their factoring this into a trade-in offer.

For HondaCare info.. I suggest one of the many great dealer FAQ pages, such as this one: Honda Care - Everything you ever wanted to know..

The REAL VALUE in a HondaCare policy, vs a 3rd party policy (which some dealer push) is you never have to wrangle with the policy provider VS the vehicle manufacturer since it is all Honda.. and if you do your maintenance with Honda... they also have all your records online which saves any discussion about proof of maintenance.

I did some evaluations as to pricing on HondaCare policies, and even if you buy at full retail price (ie: what Honda's actuarial staff have calculated+markup for administration) you quickly figure out that Honda is not selling these to make a lot of money, they are selling them as a Quality of Ownership service for owners that want more piece of mind in terms of long term repair costs. Some dealers use HondaCare as a way to stack some profit on top of a sale, but pricing is competitive given all the dealers selling at a discount online. Honda's retail pricing is ~ equal to the cost of one major repair.. and just about everything in these modern vehicles is a major repair. And if you shop for discounts offered online.. you save even more and it gives a very clear portrayal of what Honda's break even point is with it HondaCare policies.
 
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