SO you’ve just purchased your brand new Honda, and you’re absolutely excited to take it out on the road for a drive.
What you don’t realize is that along with driving off in your new car, you’re also taking a massive responsibility and liability with you. You’ve invested in a car and chances are you’ll be making payments on it for a good 3 to 5 years.
If you’re going to be a party for such a long binding commitment, then you need to ensure your investment is protected. The best way of doing this is opting for a Honda extended warranty.
The standard warranty offered by Honda includes 60,000-mile Powertrain limited warranty, and a three year, 36000-mile warranty, whichever comes first, for defects. While the standard warranty may seem generous, it is severely lacking.
First off, most issues related to your car’s critical components (engine, drivetrain, axle, etc) would pop off after the 50000-mile mark.
Statistically, most of the issues pop up after the 70,000-mile mark. Both these facts would render the standard warranty ineffective, as the Powertrain warranty stops at 60,000 miles, or three years.
Secondly, repair bills for critical components can range in the thousands, especially when labour costs are factored in as well. You would have to deal with the stress of an unexpected expense, which by no means is a small one. This again renders the standard warranty useless.
By contrast, Honda’s extended warranty provides coverage for 100,000 miles, or 7 years, whichever comes first.
This is a big step up on the standard warranty and provides more than enough coverage, especially when the above-mentioned statistics are factored in.
The warranty covers the critical components of the car which would include the engine, transmission and drive axle. This saves you from exorbitant repair bills!
There are a lot of other advantages of opting for an extended warranty. You would have access to official Honda service centres countrywide, meaning you don’t have to worry about looking for a reliable mechanic who could do a good job at a reasonable price.
Under the extended warranty, your car would be repaired only by official Honda authorized mechanics and you wouldn’t have to pay for repairs.
The convenience and ease that the extended warranty would offer are obvious, but it also has a significant economic impact on your car.
Your car’s resale value would automatically go up as buyers would be assured of the car’s condition with the knowledge that the car was handled by authorized personnel only.
You also have the option of going with an independent third party warranty provider. However, there are restrictions such as not having access to any official service centres, and having to rely on a less reliable name than a recognised global car manufacturer such as Honda.
There might be a price difference, but with Honda you would have the option for a payment plan, meaning you won’t have to pay out of pocket at the time of purchase.
The above seem good enough reasons for you to extend your Honda warranty. Visit a dealership near you to get details on prices and coverage. Make sure you read everything properly before signing as the extended warranty is a binding contract!
