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PLEASE HELP! 2004 Honda Civic Hybrid - extended warranty?

Hi there, Thank you for reading. I just purchased a 2004 Honda Civic Hybrid from Honda Dealership with 95,000miles for $8,900.00. They offered "a good deal" for a 36-month/36,000-mile which was $2,495.00 I looked at that as over a 1/4 of my car's value. Anywho, this warranty covers engine, tranny, powertrain, and some others but its all internal they stressed which i figured is standard for most warranties. Meaning if my tranny needs to be replaced due to an internal issue, the warranty covers it. However, if there is an external problem like something getting knocked off during a bumpy road or just some sort of damage in general, that comes out of my pocket. Also, to keep in mind, i have the carfax on this vehicle and there has been no reported negative history. it has had all of its recommended inspections, repairs, etc etc. so the history of the overall car is good. Only red flag was that it was previously owned by 4 other drivers but still, no problems reported. Anyway, my question to all of you...should I keep the warranty or get my $2500 back? i have basically 30days to sit on it before they start pro-rating it. Please, any advice/opinions will be greatly appreciated! Thank you for your input! Yes, it is a warranty presented by the Folsom Lake Honda Dealership. They said it covers just about everything including the electrical system except for the battery.

Asked By: X X - 5/18/2012
Best Answer - Chosen by Asker
Overpriced, imo... More
Answered By: Top Source - 5/18/2012
Additional Answers (3)
No
Answered By: Panda - 5/18/2012
 
Although tempting as it is to have that money back in your pocket, it would as feel better knowing that the expensive of replacing the engine/transmission/batteries/etc. is already taken care of in case of part(s) failure. Peace of mind,especially with used cars,is worth the price.
Answered By: SKIPPY - 5/18/2012
 
to be honest if you can afford it then keep the warranty...honda makes a great engine and excellent overall car, but there transmissions arent that great...i still think they are better than most car companies (just my opinion) but if not taken care of they will fail. i speak from experience, i bought a used 2006... More
Answered By: roy - 5/18/2012
 
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