Extended Warranty on Used Honda Pilot
#1
Extended Warranty on Used Honda Pilot
I just bought a used 2017 EXL Honda Pilot. I financed thru the dealership. The financing was done over the phone due to Covid 19. The finance guy offered me 3% rate for 5 years or 3.3% rate for 6 years with an extended warranty for 120,000 miles or 8 years. I didn't want 6 year financing but the warranty sounded great. I accepted that and went to the dealership to sign papers. Come to find out when I looked at the paper work the extended warranty added $2,500 to my loan. He never mentioned that on the phone. I was thinking due to the higher rate the warranty was included. I said I didn't really want the warranty but he kept saying I would need it for the electronics as when they go it can cost $2.000. He was very persistent. I said OK. I am reading the contract and I can cancel within 30 days. Does anybody think an extended warranty is worth it. Financing it just doesn't seem right to me.
#2
In my opinion extended warranties are wasted money especially with the reliability of the Honda, most are limited too ,read the fine print. I would definitely get out of that if at all possible. This is only my opinion ,others here may disagree, good luck.
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