What would be your lowest offer? 2010 Ody Touring

[dnachef]

No, it was not Honda CPO. I'm sure it would have been higher if it was CPO. In fact, the 3 year bumper to bumper warranty had just expired so that should be factored into the price. The Acura dealer seemed motivated to sell. It was on their lot for about 4 weeks. I thought it was a great price too and that's what swayed me away from buying a new 2013 EX-L. (A 2013 Touring is out of our budget). I actually prefer how the 2010 Touring has the driver sitting up higher than the latest generation odys. I guess you could say, I personally don't like the lower profile of the 2011-2013 generation odys. Plus, roof racks are not standard. (I have a paddlesurfboard to load on top ) I also prefer that the middle seat in the 2nd row has storage under the seat which is handy for just in case items like extra diapers/wipes, spare clothing, and extra pair of crocs for the kiddos. Everyone in the family HATED the rear row headrests in the 2013 ody. I also didn't like the smaller back row windows in the 2013. The only feature the 2013 EX-L had I wished I had on the 2010 Touring was the USB port, but having the Auxillary audio input on the 2010 Touring still allows me to plug in my iPhone/iPod.

[Acura Sensei]

No, it was not Honda CPO. I'm sure it would have been higher if it was CPO. In fact, the 3 year bumper to bumper warranty had just expired so that should be factored into the price. The Acura dealer seemed motivated to sell. It was on their lot for about 4 weeks. I thought it was a great price too and that's what swayed me away from buying a new 2013 EX-L. (A 2013 Touring is out of our budget). I actually prefer how the 2010 Touring has the driver sitting up higher than the latest generation odys. I guess you could say, I personally don't like the lower profile of the 2011-2013 generation odys. Plus, roof racks are not standard. (I have a paddlesurfboard to load on top ) I also prefer that the middle seat in the 2nd row has storage under the seat which is handy for just in case items like extra diapers/wipes, spare clothing, and extra pair of crocs for the kiddos. Everyone in the family HATED the rear row headrests in the 2013 ody. I also didn't like the smaller back row windows in the 2013. The only feature the 2013 EX-L had I wished I had on the 2010 Touring was the USB port, but having the Auxillary audio input on the 2010 Touring still allows me to plug in my iPhone/iPod.

That explains it... yes, the CPO models command a higher premium. I was a bit hesitant at first... since I was leaning toward the new generation Ody's... but now I've come to really like the 2010 model. The Touring is an excellent choice... I hope I can find one soon. Sometimes newer doesn't mean it's better. Any pictures of your Touring van?

[dnachef]

the photo makes the leather look beige but it's actually light grey. Our Touring is the slate green metallic color. One thing to consider is a HondaCare warranty on a non-CPO purchase. I think CPO gives 12 month warranty. I think if you negotiate, you can get a 1 year HondaCare warranty for peace of mind for around $300. Thus, I personally wouldn't put too much premium on a CPO car. Just my opinion.

[Acura Sensei]

to makes the leather look beige but it's actually light grey. Our Touring is the slate green metallic color. One thing to consider is a HondaCare warranty on a non-CPO purchase. I think CPO gives 12 month warranty. I think if you negotiate, you can get a 1 year HondaCare warranty for peace of mind for around $300. Thus, I personally wouldn't put too much premium on a CPO car. Just my opinion.

I'm not completely familiar with Hondacare... does it cover the powertrain? That's primarily the reason I'd like the CPO... for the additional powertrain warranty up to 7yrs/100k miles. But I will have to look into Hondacare, especially due to the numerous electronics that could malfunction. Nice touring purchase... my preferred colors are limited to polished metal metallic or taffeta white.

[dnachef]

I suggest you do a search for "Honda Care" on this odyclub forum. There's a lot of info on it. Yes, not only does it cover the power train, but all major components that aren't wear and tear items including electronics (but not fuses). You can get Honda Care up to 8 years of age for the car. For instance, a 2010 Touring can get up to an additional 5 year/100,000 mile warranty. There are different prices for each length of year/mileage. (prices are negotiable) If you're thinking about getting Honda Care with your purchase, you might want to mention that during the negotiations because the dealer might be willing to go a little lower on price knowing he's going to sell you a Honda Care warranty which has a huge profit margin for them. Good luck finding your Touring!

[Acura Sensei]

Ok... I read too much on HondaCare. Should I feel worried now? Hondas are reliable... but apparently the Odysseys have their fair share of problems. My budget is tight and it will be tough to add HondaCare to any purchase. The Touring model has tons of electronics... many more possibilities for repairs!

[pkrface]

FWIW, I usually pass on the extended warranty, as the factory knows what the average repair costs are for the miles/time covered and prices it to the dealer with some mark up in it. The dealer in turn marks it up to you, so now you are paying the average repair costs plus two mark ups, so you are effectively betting that you will end up with a worse than average car. There are however several points worth considering. One is the peace of mind knowing you are covered. Another is a question that I don't know the answer to, but would ask the dealer and highly consider the answer. Is the warranty priced differently or the same for all models? IF the warranty is priced the same for the most basic LX as the Touring, then the average repair costs are spread across all models meaning it is a much better bet to buy it on the Touring, which you acknowledged has a ton of expensive electronics vs an LX which is very basic. Just some thoughts...

[VQT]

3 yrs old = 55% to 60% of the original MSRP, no more than 62% if you can get to that price. It's best if you can get at 50%

[Acura Sensei]

3 yrs old = 55% to 60% of the original MSRP, no more than 62% if you can get to that price. It's best if you can get at 50%

Based on the prices that I've been tracking for the last two months... there is no way anyone can get prices near the 50% of the original MSRP. UNLESS it is a model with super high mileage. 60-62% is more likely.

[Acura Sensei]

FWIW, I usually pass on the extended warranty, as the factory knows what the average repair costs are for the miles/time covered and prices it to the dealer with some mark up in it. The dealer in turn marks it up to you, so now you are paying the average repair costs plus two mark ups, so you are effectively betting that you will end up with a worse than average car. There are however several points worth considering. One is the peace of mind knowing you are covered. Another is a question that I don't know the answer to, but would ask the dealer and highly consider the answer. Is the warranty priced differently or the same for all models? IF the warranty is priced the same for the most basic LX as the Touring, then the average repair costs are spread across all models meaning it is a much better bet to buy it on the Touring, which you acknowledged has a ton of expensive electronics vs an LX which is very basic. Just some thoughts...

Excellent food for thought... something I will definitely look into! Thanks pkrface! I usually decline offers for extended warranties... but based on potential issues and the info posted on this site, it makes me think twice. I'm on the fence at the moment about this.

[PAPAJOE26]

For what it is worth, Consumer Reports is usually in the camp that it is usually better to not purchase an extended warranty. They feel they are usually not a good value, and the price paid up front or on an installment contract usually does not break even in the end. They feel you are served better to put what the price was you would have paid for the service contract into a repair fund, and gamble. It is very likely you will be money ahead in the end.

[pkrface]

For what it is worth, Consumer Reports is usually in the camp that it is usually better to not purchase an extended warranty. They feel they are usually not a good value, and the price paid up front or on an installment contract usually does not break even in the end. They feel you are served better to put what the price was you would have paid for the service contract into a repair fund, and gamble. It is very likely you will be money ahead in the end.

Exactly. If you understand how the manufacturer calculates the warranty price using the expected repair cost and marking it up then you know they are expecting to make money by selling it. The manufacturer generally has very good data available so to them it is strictly a numbers game. On brand new models with brand new major components or technology they are guessing a little more with only their mileage simulation tests on a relatively small sample to go on, so in those cases they are guessing a bit more. In addition the dealer marks it up even further so the cards are even more stacked against you. The only piece I am not sure of is if the warranty is priced higher for the upper models where there is far more to go wrong and much higher cost components to possibly fail. If the warranty is the same price regardless of model/option content then you are much more likely as a consumer to benefit from that warranty on the high end model.

Even though I generally decline extended warranties, there are times I have purchased them. On cars I have always guessed right and benefited more than I paid, though not by a great deal on the two I have covered. We recently bought a high end washer/dryer set and I succumbed to the extended warranty primarily because of the perceived risk to reward. With very expensive components and a relatively low extended warranty cost vs the cost of the machines I opted for the warranty. Too soon to tell if it will pay off.

[PAPAJOE26]

I think back when I was in the car business that there were three levels of extended warranties offered. A car like an Odyssey Touring would almost always require one to purchase the top end service contract to cover all the electrical options such as the moonroof, navi, res, etc. They would sell good, better, best so to speak. The top end one would have what they would call the one with the high-tech package.

[Acura Sensei]

I'll make sure to discuss this with the next dealer and will share with all. I'm looking at a couple 2011 EX-L models. It's still a possibility in my search based on the similar pricing. But I am still keeping an eye out for a 2010 Touring.

We've purchased a few extended warranties... some have been a complete waste of money, but the only one that I've benefited from was for a lower end lcd tv that resulted in a recall. I ended up receiving more money than I had originally paid. This was about 7 years ago when lcd tv pricing was much higher.

[OCD]

As a frame of reference, A few months ago I bought my 09 Touring 52000 mi. for 23000. I had shopped around pretty good. Thought I got a good deal.