extended warranty
If I recall correctly from my college statistics days, extended warranties are modeled after what's called a "bathtub curve". If you were to graph expected failures/warranty repairs over time, you would expect the most amount of failures at the beginning and the end of the life of the vehicle; it would start high, drop low for an extended period of time, then rise again. The manufacturer's warranty covers the beginning portion of the curve. As the failure rate drops, the manufacturer's warranty ends. The trick of these extended warranty people if to get you to buy a warranty for the period of time where your are the most likely to have the least amount of problems - the flat part of the bathtub curve. They try to time it such that their warranty expires just before the curve goes back up.
I don't know anything about the Honda Care warranty but many extended warranties only cover powertrain type items - motor, tranmission, clutch, differential and maybe AC but not much else. Those items don't fail a lot but when they do it's big $$.
My two cents.
I don't know anything about the Honda Care warranty but many extended warranties only cover powertrain type items - motor, tranmission, clutch, differential and maybe AC but not much else. Those items don't fail a lot but when they do it's big $$.
My two cents.
Originally posted by john hood
I live in Houston so I use the AC a lot. I got the extended warranty because if the AC goes out I make money. Chances of AC going out in 7 years/100,000 miles....pretty good.
I live in Houston so I use the AC a lot. I got the extended warranty because if the AC goes out I make money. Chances of AC going out in 7 years/100,000 miles....pretty good.
Check out the details of the warranty you think you have.
Hope I'm wrong, but pretty positive here.





