Dan Albrich
Well-Known Member
I don't personally think there exists a bad answer to extended warranty.
Folks who don't do it, like Fast Eddie B tend to win the stats game and save some money. If you're the type that likes buying the insurance when you can buy, so be it.
And part of this gets personal fast, but in the unlikely event a high priced repair comes up after the initial warranty period, how set are you financially to deal with it? Anyway, I acknowledge that there are many factors that lead to ones personal decision in this regard.
I guess for me it also matters what it costs. Given that I had to pay $35,000 when I got my car, the ~$1550 extra for warranty didn't seem like a bad deal. Admittedly, there's a reason Honda won't offer a warranty at all after 8 years (i.e. that's the time when things that really cost are more likely to occur). Rational or not, I had a 5 year loan, and wanted a warranty that at least covered the period of the loan.
Also - as others have noted the traction battery has a legally required warranty that one doesn't need pay for out of pocket. With no extended warranty, you get 8-10 years on the "big" battery depending on your state. I have to add, Honda appears to be a good company; even folks without extended warranty got their AC condenser covered for an extended period. (BTW Clarity is my first Honda ever).
Folks who don't do it, like Fast Eddie B tend to win the stats game and save some money. If you're the type that likes buying the insurance when you can buy, so be it.
And part of this gets personal fast, but in the unlikely event a high priced repair comes up after the initial warranty period, how set are you financially to deal with it? Anyway, I acknowledge that there are many factors that lead to ones personal decision in this regard.
I guess for me it also matters what it costs. Given that I had to pay $35,000 when I got my car, the ~$1550 extra for warranty didn't seem like a bad deal. Admittedly, there's a reason Honda won't offer a warranty at all after 8 years (i.e. that's the time when things that really cost are more likely to occur). Rational or not, I had a 5 year loan, and wanted a warranty that at least covered the period of the loan.
Also - as others have noted the traction battery has a legally required warranty that one doesn't need pay for out of pocket. With no extended warranty, you get 8-10 years on the "big" battery depending on your state. I have to add, Honda appears to be a good company; even folks without extended warranty got their AC condenser covered for an extended period. (BTW Clarity is my first Honda ever).
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