Make sure it is a factory warranty in any case. 3rd parties could be out of business when you need them.
When is it worth purchasing an extended warranty on a used vehicle?
Mar 19, 2008
24 Replies
They wouldn't sell cars if they didn't make money on them........
I generally don't buy extended warranty but I bought a 4 year old 4 door civic (2002) that had been returned from a 4 year lease. Dealer offered an extra 1 year warranty making a total 6 years covered. I paid $500 for the warranty. In the End, Honda changed the automatic transmission twice, and 3 suspension components parts that were worth around $300 excluding labour. In my case, $500 was definitely worth it as everything happened to me around
3-4 months after the standard 5 year warranty was over.
With Hondas, you did the wise thing.
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