Extended Service Quotes
We were given a quote of $4500 for a 60-month extended warranty through Good Sams on a used 2017 class c motorhome we're purchasing. The deductible is $100, or $50 if we use Camping World. Does this s...
Forum Discussion
I would not consider such a warranty. First, the odds are not in your favor. These extended warranty companies know what fails and when, as well as how much it costs to repair. Deducting the 30% plus profit margin for the seller out of the costs plus another 30% profit margin for the warranty company itself, that tells you they expect to pay out on average only $1800 on your $4500 investment.
In addition, many of those extended warranty companies have a business model that is so full of exclusions and loopholes, that getting them to pay is difficult. Read the actual policy, not the sales brochure.
In addition, many of those extended warranty companies have a business model that is so full of exclusions and loopholes, that getting them to pay is difficult. Read the actual policy, not the sales brochure.
