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Is HondaCare worth it?

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hondacare
548 views 17 replies 11 participants last post by  TNTruck  
I have posted elsewhere that I have lost some.....and I have won some since the 80's

I have purchased exactly 6 vehicles and purchased an OEM plan (heavily discounted on 5 of them) and one aftermarket plan via USAA (at a reasonable price).

In all cases I wanted to keep the vehicle until at least 100K and therefore got coverage until 100K.

My Plan---If a lemon.....I would dump it at 95K.....if a nice one.....I would keep it.

I drove all of them between 7 to 25 years. The 7 year car was a Ford 3.8 with known head gasket issues....had 2 sets done....then got rid of it.

With retail labor at about 200/hour......and parts, especially high tech stuff, being expensive.....I felt it was a good trade off for me as a die hard long term car owner to get it on my RL.
 
... when I purchased my 2015 Mercedes S550 in a private transaction.
Glad you got to let the other owner(s) take the initial depreciation on such a nice and expensive car.

They were in the crazy price zone well before full size trucks started costing 70-80K+ for a loaded one.