Honda motor plan - worth it?

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Jared_k7

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Howdy. Decided to buy a 2013 Honda civic hatchback.
31000km, with the 30 000 service done.

I have an option to buy a motor plan for 13K. That is for 5 years from purchase date, or up to 90 000km. I do little driving so 5 years will come first, but I need to arrive yearly anyway. It has a service plan. Thoughts? Unlikely the next 5 visits will be less than 13K and this safeguards me encase something goes.

Thoughts??
Thanks guys
 
I had a full on maintenance plan on my previous generation Civic and it also cost me roughly R13k. I had the car for 4 years and completed around 55k in mileage. They replaced the front and rear brake discs once in that time, as well as the battery and wipers. All in all, the R13k plan covered around R6k worth of parts.

Suffice to say, when I traded the car in for the 2012 model, I laughed when they tried to sell me the maintenance plan.

Edit: To add to that, most of the expensive things (mechanically and electronically) will be covered by the warranty. If you buy the car at Honda Midrand, they extend it to 5 years, 100k mileage. Alternatively, you'd be able to extend the warranty for cheaper than the motor plan.
 
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And then you must service it at the dealer, which makes the servicealso eexpensive.
Look good after your car and it will not brake, for a diesel I will think again.
 
Hmm, so let's think about service items ... windscreen wipers (cheap), brake discs (R4 000 or so with fitment), headlight bulbs, clutch replacement kit (R6 000 or more) ... yeah, I reckon it's about a 50-50 gamble. The big ticket item is your clutch, so it will depend on whether or not the pre-owned car you're buying has been nailed or not, and your personal driving style.

Something else to consider is that that R13 000 isn't *just* R13 000. When it's added to a car loan, it's R13 000 at 12% interest over 5 years, for example. Running that quickly through WesBank's calculator tells me the total repayment will be over R20 000!

Definitely better with the risk, imo.
 
Foxhound5366 said:
Hmm, so let's think about service items ... windscreen wipers (cheap), brake discs (R4 000 or so with fitment), headlight bulbs, clutch replacement kit (R6 000 or more) ... yeah, I reckon it's about a 50-50 gamble. The big ticket item is your clutch, so it will depend on whether or not the pre-owned car you're buying has been nailed or not, and your personal driving style.

Something else to consider is that that R13 000 isn't *just* R13 000. When it's added to a car loan, it's R13 000 at 12% interest over 5 years, for example. Running that quickly through WesBank's calculator tells me the total repayment will be over R20 000!

Definitely better with the risk, imo.
Click to expand...


I've made my point with regard to vehicle warranty and service plans: Waste of money!

A brief recap:
1. There's no free lunch. All the projected costs are factored in when arriving at the purchase cost of the vehicle.
2. The buyer pays finance charges on these costs (As pointed out in the above post)
3. The buyer pays insurance premiums on the purchase price which includes warranty and service elements.
4. If the buyer is vat registered then vat input tax can be claimed on the running costs and this is not granted on a portion of the purchase price.

Rather get a very substantial reduction in price and let the Consumer Protection Act cover any defects for the first six months.

Furthermore, there is no guarantee that the dealer workshop does execute the service as per the service guide as set out at the time of purchase. That's the service plane that you paid for; they can easily change that plan to their advantage.

Honda is famous for this.
 
Robertvv said:
And then you must service it at the dealer, which makes the servicealso eexpensive.
Look good after your car and it will not brake, for a diesel I will think again.
Click to expand...
So how do you stop it?:D
 
stroller said:
I've made my point with regard to vehicle warranty and service plans: Waste of money!

A brief recap:
1. There's no free lunch. All the projected costs are factored in when arriving at the purchase cost of the vehicle.
2. The buyer pays finance charges on these costs (As pointed out in the above post)
3. The buyer pays insurance premiums on the purchase price which includes warranty and service elements.
4. If the buyer is vat registered then vat input tax can be claimed on the running costs and this is not granted on a portion of the purchase price.

Rather get a very substantial reduction in price and let the Consumer Protection Act cover any defects for the first six months.

Furthermore, there is no guarantee that the dealer workshop does execute the service as per the service guide as set out at the time of purchase. That's the service plane that you paid for; they can easily change that plan to their advantage.

Honda is famous for this.
Click to expand...

Is secondhand covered under CPA? Car is bought "as is" AFAIK.
 
Re-visiting this 3 years on, and my current service is 13K. The additional motor plan was 100% worth it. I am going to save a fortune in the long run. Previous 2 services amount to R6,500. I would recommend anyone else in my position to do the same when getting a 2nd hand car!
 
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