My experience with Honda PACT was great. There are a lot of misconceptions about it (some of which I see here). Again, this was MY experience in South Florida.
You will walk away from Honda PACT with an Associates in Automotive Technology and at least half the technical training you'll have to get anyway from Honda. That literally puts you years ahead of Joe Schmoe walking off the street doing oil changes. Honda techs are occasionally sent off to their local training centers to complete "modules" in all areas automotive (electrical, engine repair, suspension, etc). Yes, Honda will send you out to complete these modules for free while you have to pay for PACT. Although PACT is constant hands-on training you'll complete in 2 years while it may take you even longer (if your dealer even sends you out) to complete them as Joe Schmoe. These modules the techs need to complete are the exact ones PACT will require you to complete, you're already ahead of the game.
There are also "self-studies" techs are required to complete in their down time. I was 100% complete with those at the end of PACT. The only thing I had to do in that area was complete any new ones throughout the years, sometimes they update them too as new technology comes out. If you're no where near complete with these your shop foreman will hound you to get these done because the dealer receives a certain rating based on the amount of training their techs have. Not to mention, it also makes you a better tech.
These PACT courses also prepare you for the ASE certifications. Obviously, the more you have the more of your weight you can throw around. Which means you can actually negotiate your pay rate. PACT is very recognized and dealers want as many of these guys as they can get. PACT also offered job placement. Within 2 semesters I was placed at a dealer with no formal interview, simply because I was a PACT student.
Now, you will start out as an apprentice, hopefully with a competent tech or someone who gives a crap about your training. Even though you'll get both academic and hands-on training at PACT its very different from actually being on the line. They start you out with simple stuff because they don't know you or what you're capable of. I've seen master tech's come in and be complete screw ups, as well as PACT students. What you look like on paper means squat, you can have all the certs and training for 20 years, they're gonna need to feel you out.
You're probably gonna work 12 hour days. So the other option where you'd go to college while working as a Joe Schmoe off the street starting with oil changes is dumb. You won't have time for school, not even the energy. On top of the fact it will take you forever to get your certs/training/experience done. Another bonus is you'll get a significant discount on tools thru MAC, Matco, Snap-On, Cornwell, etc.
When PACT was over I had all 8 ASE certs, 60% training center modules done, 100% self studies done, hands-on training in all areas automotive, and an AS in Automotive Technology. I started as an apprentice at $10 hourly. After PACT, and after I proved myself to my dealer, I was able to negotiate starting as a flat rate tech at $18, worked there for another 4 years where I left in July 2010 at $22.75. If you walk away from PACT with those things but can't get them to negotiate with you, apply somewhere else and tell them another Honda dealer will give you what you want (because another dealer WILL). If they still can't negotiate then walk. 90% of the time your first dealer will hesitate to hand you an $8 raise. But there is a HUGE difference between an hourly apprentice and a flat rate tech. If they can't understand that then you don't wanna work there anyway. Now do the math and average 130 hours per pay period... you simply cannot do that as Joe Schmoe.
The auto repair industry is very different now and I chose to go a different route. If you're looking to get rich this isn't for you.