Tastycakes
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Hey I have a quick question for all you Honda reps.
The long story is my dealer sorta slipped in Honda Car Sentinel w/o me noticing. I leased a 2012 Civic and the finance manager said he will try to get me a better rate the next day and if so come back to sign a new contract. Well he called me back the next day and said he lowered my payment by $5/month so I was like w/e that's $200 over 3 years for swinging by the dealership, so wth.
I sign the contract w/o reading it and he calls me up when I leave because I missed him and asked did I notice the free oil changes he threw in, I said no because just signed the contract and was like oh cool, free oil changes. Then I go over my contract and see a charge for $1200 for Honda Care Sentinel...
In short, i'm about a month into my lease and according to my Sentinel contract it says within 60 days I can cancel and get my $$ back for it. Two questions I guess, 1. for $1200 this cannot possibly be worth it can it? and 2. do they just knock off $33/month for the lease or mail me a check for $1200?
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superchg2
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We got the HondaCare on our 2000 Accord. The car had no problems during that time, so the extended warranty didn't pay off.
I did not get HondaCare with the 2006 Si, and still have not had any problems with it, after 6 1/2 years.
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Tastycakes
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Yea i've never been a big fan of warranties either, for sure going to cancel this after thinking about it. $1200 for 45k miles worth of oil changes on a 36k mile lease??? wtf
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DCR
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They should have been upfront about that.
| You can cancel Honda Care at any time, for any reason. If you cancel within 60 days, you will receive a 100% refund. After that, refunds are prorated by the time left on the contract or the mileage used. |
I agree...cancel it.
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Tastycakes
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But with a lease how does the refund work?
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DCR
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You are going to have to call them. My sales buddy said it is likely that was built in to the "bottom line" of the deal and you won't see a drop in lease payment once cancelled. You would probably not have to pay the last $1200 of the lease or something to that effect, but I don't have your deal in front of me.
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Tastycakes
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Ok so I'm comparing the leases, this is what confuses me but I think I figured it out.
The new contract the only real difference is the Gross Cap Cost has an extra $1195 but the rent charge is down $1304.
So it looks like they did add it to my bottom line then huh. If I do the #s tho I get a money factor of 0.00077 which is super preferred?? I guess i cant complain lol.
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THX17201
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Tastycakes wrote:
Ok so I'm comparing the leases, this is what confuses me but I think I figured it out.
The new contract the only real difference is the Gross Cap Cost has an extra $1195 but the rent charge is down $1304.
So it looks like they did add it to my bottom line then huh. If I do the #s tho I get a money factor of 0.00077 which is super preferred?? I guess i cant complain lol.
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The salesman probably gets an extra commission for selling it so he probably adjusted the price something else so the net was the same to you...
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