[cherrie]

Hi! I recently just bought a used 2019 Honda Accord Hybrid with 60,000 miles on it. I decided to buy the extended warranty for 3-years/36,000 and I was wondering if it was worth doing so. The company only offered a warranty of 2 months on it. I am not sure if I should cancel the extended warranty or just keep it. The extended warranty covers any breakdown of the vehicle but does not cover any maintenance service for normal wear and tear like brake pads, oil change, engine tune-up etc.

 

[Fired00d]

To purchase or not to purchase an extended warranty is a coin toss. It depends on your mechanical ability and desire to diagnose and fix repairs as needed, how many miles you plan on putting on the car, the length of the extended warranty, the number of miles on the car at the time of purchase, etc., etc. BTW the OEM (Honda) warranty does not cover any maintenance services, nor normal wear and tear items as you mentioned above.

 

[cherrie]

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[cherrie]

To purchase or not to purchase an extended warranty is a coin toss. It depends on your mechanical ability and desire to diagnose and fix repairs as needed, how many miles you plan on putting on the car, the length of the extended warranty, the number of miles on the car at the time of purchase, etc., etc. BTW the OEM (Honda) warranty does not cover any maintenance services, nor normal wear and tear items as you mentioned above.

I would say an average I probably put in 12,000+ mileage in a year. I don’t do anything mechanically on my own since I don’t know a lot about maintaining cars except the basic ones. The extended warranty is for 3 years and I bought the car yesterday at 60,000 mileage.

 

[Fired00d]

I would say an average I probably put in 12,000+ mileage in a year. I don’t do anything mechanically on my own since I don’t know a lot about maintaining cars except the basic ones. The extended warranty is for 3 years and I bought the car yesterday at 60,000 mileage.

With the mileage you are anticipating yearly you'll be right at the mileage/time limits of the extended warranty. Car has 60k on it currently so your extended warranty will take you to 96k. Extended warranties are just another form of insurance... sometimes it's needed sometimes it's not... it all depends on what you are going to be most comfortable with (having it or not having it). I've heard some say to take the cost of the extended warranty and put it in a separate account and don't touch during the time of the extended warranty unless it is to fix a repair on your car. At the end of the duration of the extended warranty if you haven't had to use those funds, they have accumulated interest (you've paid yourself).

Again, there is no wrong or right in this situation it's what you are most comfortable with and are willing to pay for. With that said make sure you read the fine print on the warranty so you'll know exactly what is covered and not covered. Also, some don't realize this but extended warranties are a negotiable item (you can haggle with them on the cost) along with having or not having a deductible when it is used.

 

[cherrie]

With the mileage you are anticipating yearly you'll be right at the mileage/time limits of the extended warranty. Car has 60k on it currently so your extended warranty will take you to 96k. Extended warranties are just another form of insurance... sometimes it's needed sometimes it's not... it all depends on what you are going to be most comfortable with (having it or not having it). I've heard some say to take the cost of the extended warranty and put it in a separate account and don't touch during the time of the extended warranty unless it is to fix a repair on your car. At the end of the duration of the extended warranty if you haven't had to use those funds, they have accumulated interest (you've paid yourself).

Again, there is no wrong or right in this situation it's what you are most comfortable with and are willing to pay for. With that said make sure you read the fine print on the warranty so you'll know exactly what is covered and not covered. Also, some don't realize this but extended warranties are a negotiable item (you can haggle with them on the cost) along with having or not having a deductible when it is used.

as a honda accord owner yourself did you buy an extended warranty? Or did you encounter problems with your accord that required the warranty coverage?

 

[Fired00d]

@cherrie I purchased my car new and had the factory warranty. Other than recalls I've only had two things repaired/replaced under warrsnty and those were power plug in front console, and sun/moon roof visor. My car is not my daily driver... currently have 9,800 miles on it (car will be four years old 3/22). The purchase of an extended warranty is an individual's choice/decision and can't be decided on what others do.

 

[Sammbpbsb]

Hello,

I purchased my 2019 new in May 2020, and to date I have around 67,000. I purchased the extended warranty due to the amount I drive, I have not had to use it. Only times I've been at the dealer was for a safety recall and my first oil change. After my first oil change, I've done my own oil changes. I did take it in to get my transmission oil changed as I drive a huge hill most every day (Cajon Pass / 15 freeway in Southern California), I did the early recommend transmission oil change becuase of it (45,000 recommended by the manual, but I did it at around 42,000).

Also, I have always pumped Shell and my gas mileage has been the advertised 48 if not better. I can get 50/51 at the end of the week if I don't drive over 80. Oh! I did get windo repair/replacement warranty and I have had to use it twice, chip repair both times.

I feel if you do the recommended service and stay on top of it, you will never need warranty, but having it does give me piece of mind to the what if... Hope this helps.