Members, picking up my Used RV in a week and the dealer is asking about an extended warranty.......the unit is a 2010 Dynamax Grand Sport 40 Gt. It has 18k miles, 100 hrs. On the generator. The unit looks to be in Extremely Good shape.That being said...I looked at the extended contract and have seen what is covered...and then the 3 pages on what is not covered and why some of the covered things will not be covered....makes me go Hmmmmm.Any advise out there...I know it is a risk not to get it...day 1 something could go sideways..but I think I have read somewhere that it is more likely to be a waste of money...Thanks Jimmi V.

Always a tough call. I decided to buy one and it does give me some comfort of mind. Used it once so far for a small amount, about $250 above deductible, and had no hassles with it at all.

A few people have good results from those things. Many more people swear at them for denials. The vast majority never have a need to use them.Personally, I took that much money and put it away for repairs. It took a long time to use it up.

It's a gamble, no different from buying any other kind of insurance - will something go wrong (and be fixed) within the warranty period that costs more than the extra coverage? Who knows.Extended warranties in general, however, tend to be big money makers for dealerships, which is why they push them so hard. This would seem to indicate that ON AVERAGE most people are not getting their money's worth.

If you read what is not covered carefully, you will see that those are the things that are more likely to fail or need work. Also, some companies want detailed proof that the unit is maintained properly. That means you must keep all receipts of oil changes, tire rotations, etc.

72% of extended warranties are never used according to Consumer reports. The "piece of mind" thing is interesting considering the deductibles and items not covered. What do they cover? The chances of an engineor transmission going are slim. What will the warranty cost per year? Save it and use as needed. I think warranties are a scam. They benefit the seller. A few have benefitted but just a few. Save the amount each year and use for repairs, you will be way ahead.

Extended Warranty | Good Sam Community

Bordercollie
Explorer
Feb 05, 2015
In our experience, the roof AC, fridge, converter/charger, house and starting batteries and fresh water pump needed replacement at about 10 years. If the insurance policy covers these, parts and labor, without above described loopholes, it might be worth it to you. These things could add up to over $4000, parts and labor. Try to find out warranty company's track record for quick no hassle payments. I would set money aside in a bank account for expected and unexpected repairs and upgrades instead.
klutchdust
Explorer II
Feb 05, 2015
72% of extended warranties are never used according to Consumer reports. The "piece of mind" thing is interesting considering the deductibles and items not covered. What do they cover? The chances of an engine

or transmission going are slim. What will the warranty cost per year? Save it and use as needed. I think warranties are a scam. They benefit the seller. A few have benefitted but just a few. Save the amount each year

and use for repairs, you will be way ahead.
tobydad
Explorer
Feb 05, 2015
If you read what is not covered carefully, you will see that those are the things that are more likely to fail or need work. Also, some companies want detailed proof that the unit is maintained properly. That means you must keep all receipts of oil changes, tire rotations, etc.
AndyW
Explorer
Feb 05, 2015
It's a gamble, no different from buying any other kind of insurance - will something go wrong (and be fixed) within the warranty period that costs more than the extra coverage? Who knows.

Extended warranties in general, however, tend to be big money makers for dealerships, which is why they push them so hard. This would seem to indicate that ON AVERAGE most people are not getting their money's worth.
Bobbo
Explorer II
Feb 05, 2015
A few people have good results from those things. Many more people swear at them for denials. The vast majority never have a need to use them.

Personally, I took that much money and put it away for repairs. It took a long time to use it up.
HardyC
Explorer
Feb 05, 2015
Always a tough call. I decided to buy one and it does give me some comfort of mind. Used it once so far for a small amount, about $250 above deductible, and had no hassles with it at all.

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