Honda Motor Company/Acura Honda hybrids

Extended Warranty Shopping

  #11  
Old 06-02-2018, 09:35 AM
Jeannita
Join Date: Jun 2018
Posts: 1
Default Re: Extended Warranty Shopping

Does anyone know of a good extended warranty for a 2015 Hybrid Toyota Camry. My 3 year lease ends in June 24. I will be purchasing the car. I do not want to waste the $14,400 I paid for 3 years and end with no car and no money.
 
  #12  
Old 06-03-2018, 08:23 AM
Ridiculously Active Enthusiast
Join Date: Sep 2014
Location: Mesa, AZ
Posts: 3,038
Default Re: Extended Warranty Shopping

You are posting in the Honda section.

Depending on your state, the hybrid battery warranty is 8yr/100K miles or 10yr/150K miles (California).

IMHO, extended warranties are rarely worth it. By buying one, you are ensuring that you will spend a lot on maintenance in the form of the warranty on the premise that you won't have to spend money on maintenance. Most consumer advocates present data showing that statistically, you are unlikely to come out ahead.

Lastly, I assume you've crunched the numbers and discovered that your total acquisition cost via lease+purchase is significantly higher than outright purchase. Leases only work out for ONE party - the dealership.

Good luck,

Steve
 
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