I agree with wmquan, even though Acura is good this is a first year vehicle. However, my question is if it is necessary to buy the extended warranty at the time of purchase or can one wait till the original one is about to expire. I was able to do exactly this with my 1994 Subaru SVX so does anyone know if Acura/Honda has the same policy?
Posts by remery
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My original question, which was answered yes, was could one purchase the extended warranty in the future. Based upon several of the posts, I believe this would be the better strategy. I too am likely to purchase the extended warranty, but not at the time of dealer delivery. JFP's time value of money analysis is right on point. However, I did buy a Subaru extended warranty shortly before the manufacturers one ran out. This warranty was provided by Subaru USA and had a $125 deductible and more than paid for itself when I had to replace a fuel pump. As mentioned by others, we are buying insurance here and odds are we should not actually have use it but what if we have too? Parts on today's cars are exceedingly expensive along with dealer shop labor rates. What I would suggest to people is wait a few years before buying an extended warranty but do so only from Honda/Acura directly with a $100 or so deductible. There is some risk that by waiting the rates may go up if the repair experience with the MDX is not good, but on the other hand, if the MDX turns out to be extremely good, the costs could go down. The choice is yours but I know what mine will be.
With a lease you might want one
In my previous post, I forgot to mention one situation where you definitely might want to get an extended warranty at the time of purchase. If you are leasing the MDX for 4 or more years you should consider buying the warranty to flange up with your expected mileage. In my case, I drive 15,000 miles per year so with a 48 month lease, the factory warranty might expire (50,000 miles) before I turned the vehicle in. The absolute last situation you want to be in is to have to pay for a major repair within 6 months of turning a leased car in. I purchased an extended warranty for my current 36 month 45,000 mile lease because GMC provided only 36 months 36,000 miles on the Yukon.
In my previous post, I forgot to mention one situation where you definitely might want to get an extended warranty at the time of purchase. If you are leasing the MDX for 4 or more years you should consider buying the warranty to flange up with your expected mileage. In my case, I drive 15,000 miles per year so with a 48 month lease, the factory warranty might expire (50,000 miles) before I turned the vehicle in. The absolute last situation you want to be in is to have to pay for a major repair within 6 months of turning a leased car in. I purchased an extended warranty for my current 36 month 45,000 mile lease because GMC provided only 36 months 36,000 miles on the Yukon.
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