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Each extended warranty is different, but generally, extended warranties have a time limit or mileage cap. For instance, some warranties last up to three years or 36,000 miles, whichever comes first.
No formal recall occurred in the US, but Honda did extend the warranties for the 2000 and 2001 models to seven years or 109,000 miles (175,000 km). 1998, 1999, and 2002 cars were considered for extended coverage on a case-by-case basis.
The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer. Extended warranties cost extra and for a percentage of the item's retail price. Some extended warranties that are purchased for multiple years state in writing that during the first year, the consumer must still deal with the manufacturer in ...
Honda responded to the problems by extending the warranty on the transmission on American 1999–2001 models to 7 years or 100,000 miles (160,900 km). A class action settlement further extended coverage to 109,000 miles (175,400 km) or 93 months for some 1999–2001 Odysseys in the US. [22] Canada is not included.
The scam calls that are harder to identify come from a real, human caller who shares accurate details about your current car make and model, mileage, insurance, and current warranty.
A 2019 study found that people buying an extended warranty believe the product in question is more likely to break than it is. The way to correct for this is to do your research ahead of time.
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