phoenix1987
Member
- First Name
- Sameer
- Joined
- Apr 8, 2018
- Threads
- 2
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- 6
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- 1
- Location
- California
- Vehicle(s)
- Honda Civic EX
- Thread starter
- #1
Hello everyone. Hope everyone is having a fantastic day.
I recently bought a new 2018 Honda Civic sedan in California. I am loving the car! During the buying process, the finance manager at the dealer gave me many additional add-on options to add like extended warranty, anti-theft stuff etc. I ended up adding their "prepaid maintenance package" (from PSC Autoshield). It was added to my finance loan. Now that I think of it, I should have probably just bought it instead of adding it in the loan. Feel a bit stupid about it now. So the package cost is $447 for 5 maintenance visits. They say it is for 5000, 10000, 15000, 20000, 25000 miles. They said that the 15000 miles service is a big one which otherwise costs around $300. I later called the service center of this Honda dealership and asked about the cost of service at 15000 miles. They said that according to the maintenance minder, the car dashboard may indicate AB12 (something like that) at 15000 miles, in which case it is $325. Really?
Also, later I understood that the first oil change visit is free at the dealer service center. I was also told that oil change should be done when the Honda dashboard show the orange wrench indicating oil at 15%. The 15% can happen anywhere between 5000-10000 miles depending on how you drive. So, I will have my first free oil change maybe around 7000 miles and the second one around 14000 miles, It means that I will use my first coupon around 14000 miles.
My question is, do you think it is worth it? Too expensive? Do you think this actually saves money with better quality of work? I do want to have all the Honda recommended maintenance done on my car on a timely manner for cars heath but wondering if this is just overpriced.
I can cancel this within 60 days and get 100% refund. After 60 days, it is pro-rated. The refund amount gets reduced from the loan principal amount. The interesting part is that my monthly EMI does not come down even if I cancel, even-though my loan principal amount will reduce. I spoke with the someone at the dealership and they said that if I cancel, my increased EMI will remain the same but I will finish my loan faster as the principal reduces. Seems strange. I am not sure if the final interest that I pay will be same as-if I did not add the prepaid package in the first place.
Sorry for the long post. Thank you for reading and all suggestions are appreciated!!
Regards
I recently bought a new 2018 Honda Civic sedan in California. I am loving the car! During the buying process, the finance manager at the dealer gave me many additional add-on options to add like extended warranty, anti-theft stuff etc. I ended up adding their "prepaid maintenance package" (from PSC Autoshield). It was added to my finance loan. Now that I think of it, I should have probably just bought it instead of adding it in the loan. Feel a bit stupid about it now. So the package cost is $447 for 5 maintenance visits. They say it is for 5000, 10000, 15000, 20000, 25000 miles. They said that the 15000 miles service is a big one which otherwise costs around $300. I later called the service center of this Honda dealership and asked about the cost of service at 15000 miles. They said that according to the maintenance minder, the car dashboard may indicate AB12 (something like that) at 15000 miles, in which case it is $325. Really?
Also, later I understood that the first oil change visit is free at the dealer service center. I was also told that oil change should be done when the Honda dashboard show the orange wrench indicating oil at 15%. The 15% can happen anywhere between 5000-10000 miles depending on how you drive. So, I will have my first free oil change maybe around 7000 miles and the second one around 14000 miles, It means that I will use my first coupon around 14000 miles.
My question is, do you think it is worth it? Too expensive? Do you think this actually saves money with better quality of work? I do want to have all the Honda recommended maintenance done on my car on a timely manner for cars heath but wondering if this is just overpriced.
I can cancel this within 60 days and get 100% refund. After 60 days, it is pro-rated. The refund amount gets reduced from the loan principal amount. The interesting part is that my monthly EMI does not come down even if I cancel, even-though my loan principal amount will reduce. I spoke with the someone at the dealership and they said that if I cancel, my increased EMI will remain the same but I will finish my loan faster as the principal reduces. Seems strange. I am not sure if the final interest that I pay will be same as-if I did not add the prepaid package in the first place.
Sorry for the long post. Thank you for reading and all suggestions are appreciated!!
Regards
Sponsored
I have decided to cancel the package. I have 3 years of free roadside assistance from Honda included with the new vehicle purchase, so I am good with that. It seems that following the MM codes for regular maintenance and oil changes is the best way forward. Also, with this package I am restricted to visit only the dealership and a few other Acura dealerships.
