When to get extended service plan

Hello,

I am closing this topic due to lack of activity. Thank you for your time and participating. Please feel free to open a new thread on this topic in the future if you wish.

Thank you,
Ella
Good Sam Care Team

I'll be the second to say I do get them. I especially get them for vehicles that have a lot of electronic options that at least in my Ford vehicles isn't a if but when they fail.
My parents bought one with their MH when new and throughout the years it has been stand up with the claims. I transferred it to me when I took over it and have used it a few times.
I'm the one who likes to mitigate risks so I do pay for them to avoid the big cost of repairs to the drive train in the MH.

Many years ago we bought a used trailer from dealer, they offered extended warranty for $1400.00, I declined to buy it. Only item that went out while it would have been covered by the warranty was the refrigerator and it cost 1200.00 to replace. I was still $200.00 ahead. I agree, put the money in the bank. Even if you have to pay to have something repaired at least you know it's covered;)d

I will counter the nos with a YES for me. I am not handy nor able to fix much and as I age, less able. There are plans that give good coverage for major items, they do not repair things that need adjustment generally but a part failure can be covered. Read the exclusions carefully. Ours overs all RV systems and engine and drive train and more. Wear and tear items would not be covered so no tires, brakes and the like.

IF you decide to get one, do it while new. If you wait your will likely have to get it inspected. Yes, a 7 year service contract (aka warranty) on a new rv is covered by the a manufacturer the first year.

We have had three service contracts over the years. One we were slightly under what we paid when we sold it, one slightly under if we paid out of pocket and the last one we got back way more - had $9k of repairs in three months all covered. (rear differential, alternator and more failed and YES, I do get regular maintenance.)

Cons to contracts, odds are you will not get it all back. Big pro to me, I do not have top worry about a huge expense. You must know the fine print, get approval in advance of the work and understand what items will not be covered before you purchase. There are HUGE differences in coverage and cost - read and compare carefully.

My repair skills are so low I will have to pay for almost any work getting done. For us, a service contract is worth the piece of mind. Kind of like life insurance, I hope to never use it!

Thanks for the input. I think I will hold off for awhile...

Only time to get one would be if offered at no cost on a 5+ year old RV.
Many items have longer component warranties anyway for the first owner. You just have to make a claim with the appliance manufacturer.
The rest is generally pretty minor. If something was truly defective it should show up in the first year anyway.
No service contract will insure against the big stuff like frame or water damage.
Keep in mind the sales office gets close to half the price as an immediate commission. How is that for value...

Never IMHO. However, my DW made me get one for the Montana. First issue outside warranty was not covered by extended contract. Of course, I didn't say "I told you so."

Never.
First of all those plans for RV's rarely pay.
Second, those plans are designed to make money. That's means the odds are the plan will cost more than what ever repairs they might have paid for.

I don't buy into any of these plans anymore. When ever I did, I lost money on it.
Even if I had to pay for something now, I would be money ahead from not buying into the dozens of plans I could have.

I don't get one, ever, on any product. If you buy one you're really gambling that you will have expensive repairs that will cost more than the cost of the warranty so that it will be "worth it". A better gamble is that won't happen and that you will be disciplined enough to save money to handle the repairs that are needed for less cost in the long run. My thought is that, if I can't afford repairs, then I can't afford the product.

starcraft, and old biscot ,have it right. start your own. and if you can,t fix it ? call a mobil tech.