Value of Lifetime Wty

A few (but not all) of the local Honda dealers are currently offfering
an optional lifetime wty on new cars, for about $1200. It covers the
drive train only, and there is a $100 deductible for each repair. It
is not transferable to another owner if you sell the car, and it is
void if you don't stick to the maintenance schedule. Although it
allows repairs to be made at a Honda dealer in any city, it requires
that you contact the dealer you bought it from first.

Do you think it's worth $1200? How much would you pay for such a wty?

 

Take the $1200, invest it in a good mutual fund and in the *unlikely* event
you have a big repair on your car after the 3 year warranty runs out, sell
the appreciated shares and fix your car.

 

absolutely!

 

Ofer them 500... I did and I payed 550 for 10 year full bumper to bumper.

 

Did you factor in the cost of all those "inspect, check, adjust if
necessary" maintenance schedules? I've always wondered---how do you verify,
know that all those "inspects and checks" are actually done?
MLD

 

You never know for sure... The only way would be to watch them.

 

I would only buy a Honda service agreement. Check prices on the internet.
An 8 year 120k mile agreement zero deductible bumper to bumper transferable
is around $1100 on the web. Most dealers will match the price. And if you
sell the car you will probably get your money back by being able to offer a
warranty with it.