Is it worth it to buy the 100,000 mi. warranty (an extra $1,500) on an 05 Honda CRV with 30,000 mi. on it?

Answer 1

Yes Yes Yes! I bought a new Accord in '06, and got the extended 100,000 warranty, even though the car was new. I put lots of miles on my car (over 60,000 in 1 1/2 years). Two months ago one of the main CPUs went out, basically rendering my car useless. The warranty covered car rental while they waited for the part and everything else. The repair would have been over $2000 (including the car rental), so the warranty more than paid for itself.

Answer 2

Mouse ... No, I would not get it. Extended warranties are just like visiting the gambling casinos. Some people win some of the time, but the odds are always in favor of the casino. They're not in business to give away money; the casinos are making the money.

And it's the same with the warranties. They've very carefully calculated the likelihood of having to pay out for a claim and the way the terms are set up, they win, in all likelihood.

Yes, you surely can find someone who'll say their extended warranty saved them. But for every person who thought it was worth it, you'll find another fifty people who never, ever benefited from the warranty.

See my link below. It's an eye opener.

But if you are tempted to buy it, read your requirements very, very carefully. Keep ALL your service/maintenance receipts. If you fail to show that you've provided ALL the required scheduled maintenance, that's all the excuse they need to say that you've not lived up to your part of the bargain, thereby voiding the warranty possibly.

Good luck.

Answer 3

The reason they want you to buy a warranty is because the Honda Odysey, CRV & Acura MDX have been plagued with transmission failures - yes - you need to check this out ! There is a class-action law suit against Honda - apparently there is not a very good fix for it - the 05 may have corrected this problem b/c I know the 06 did .. do your homework .. OR tell them no deal unless you put in contract transmisson warranted for 100K - everything thing else on the car is bullet proof.

Answer 4

No.... I definitely have a 'ninety 8 CR-V that i've got had via fact that new and it now has 130k miles and not using a single subject. it rather is a fact that mechanical mess united statesoccure extra many times after 100k miles.... it rather is why maximum prolonged warranties do no longer flow over 100k miles. do no longer do it, it rather is a waste of money. Now in case you have been paying for a used FORD, i might definately propose the guaranty... yet no longer for Honda.

Answer 5

It is a gamble but with a Honda I wouldn't bother, it has a good reputation and as long as you have it inspected before buying and you do your routine maintenance it'll be fine. For the warranty to pay off you would have to have a major engine, tranny or A/C failure in that period.

Answer 6

The better the car the less you need extended warranty. Hondas are great dependable cars. I would use the money on regular maintenance and a third party inspection.

Answer 7

It depends whether or not you will be contantly be driving the car and how quickly you wil reach the 100,000 miles because it will not be worth it if 100,000 will be reached several years before the warranty expires.

Answer 8

From what I know about Honda's they are well built and last way over 100,000 miles so I think you will be wasting the money .Most cars last twice that amount of mileage these days.

Answer 9

No just a waist of money , I have a !999 , It's a really good car & only had to do the things like tires , windshild wipers , oil change & filters , battery soon . the routine maintenance you do on all cars . One recall they contacted me about & they fixed at no cost to me .

Don't waist your money

Answer 10

It's going to need it. Yes.