2nd Generation (GE 08-13) 2nd Generation specific talk and questions here.

Extended Warranty?

Thread Tools
 
Search this Thread
 
  #41  
Old 01-13-2012, 02:35 PM
einstein77's Avatar
Member
5 Year Member
Join Date: Feb 2008
Location: Conn
Posts: 577
My Si was 1990 and my wagon was 1993. They were great cars and really pampered... no hard driving. I think it had something to do with the design of the transmission 5th gear. I never checked on it, but a friend told me that Honda took the basic design of their 4 speed MT and altered it to make the 5 speed MT and really never did a complete evaluation of this change. Both MTs had 5th gear bearing problems... the travel gear.
 
  #42  
Old 03-14-2012, 07:46 PM
afreespirit's Avatar
Member
5 Year Member
Join Date: Jun 2011
Location: Seattle USA
Posts: 355
Originally Posted by afreespirit
I turned down the extended warranty my dealer offered. I don't remember how long it was for and think it cost about $1300. The twist was it came with a refund
Originally Posted by einstein77
Unless there was some kind of "small print" fiasco, I would think that you'd have taken the deal... a full refund doesn't come along much in life. How could you lose?
Following up further on this post...I got an email from the dealer urging me to get their extended warranty. It had enough details that I was able to Google the info and turn up a lawsuit against the underlying insurance company (that underwrites the warranty) for not living up to the promises and terms: specifically, the money-back guarantee which is offered as an inducement to buy the warranty. A warranty is in essence an insurance policy, and will only be as good as the company providing it.

Although I couldn't articulate it at the time, it was this kind of thing I was afraid of when being put on the spot while signing papers to buy the car. I am always suspicious of a lengthy legal document I am expected to glance at and then sign, and there is no way to check things out when making what after all is a pretty expensive purchase (the warranty). That, and it seemed a little too good to be true.

Not only that, but on a 7- or 10-year warranty, who knows if the warranty company will even be around at the end of that time to refund anything? Meanwhile they have been earning interest on that money that I could have been getting.

I'm sure warranties have worked out well for some, but as always, buyer beware. If they didn't make money on them they sure wouldn't be selling them.
 
  #43  
Old 03-14-2012, 09:58 PM
Join Date: Nov 2010
Location: New York
Posts: 1,500
Exactly. If they make money it's a bad bet, and if they consistently lose money, they're out of business so the thing's worthless.
 
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
NEW2FIT
3rd Generation (2015+)
24
01-01-2023 06:20 PM
littleblackcar
General Fit Talk
20
09-16-2013 10:38 PM
SanDan
2nd Generation (GE 08-13)
28
04-22-2009 08:15 PM
DrHog
2nd Generation (GE 08-13)
92
11-13-2008 04:00 PM
zukered
General Fit Talk
10
05-10-2008 06:41 PM



Quick Reply: Extended Warranty?



All times are GMT -4. The time now is 07:02 AM.