It's always something

mariontl wrote:
Hello, Sorry to hear you have had such an expensive year.
Husband and I are in the process of buying our first RV - Class A Itasca Sunova 2005. Husband wants to buy the extended warranty the dealership is trying to push, at a cost of $4,300 Canadian, for 4 years of coverage. They are also saying if we get our financing through them instead of our credit union they will knock off 500 dollars from the cost of warranty. Staying with our own financing though. Husband wants to get the extended warranty and I am leaning towards not wanting to.
Your post here tells me the warranty is most likely not worth the money,because your $10,000 expenses for one year is only covered by warranty for $ 2,000 of it. The dealership is doing the inspection right now (RVDA Canada certified) and I am thinking we should trust this but husband thinks we should hire a mechanic at a cost of probably $ 500. We are new to RVíng and we are not mechanically inclined.
My guess would be that you would not advocate buying a warranty that is only good for 4 yrs, at a cost of $4,300 ? ( That coverage cost is for the drive train and coach)

To be clear, in a year the Warranty has paid 3k. I paid 4K for it and I have about 3 years left. But my overriding desire is to not have to worry about replacing an engine because a fuel injector broke and destroyed the engine at a cost of 20K. Your 4K in the bank better be earning a lot of interest! It's like life insurance, not worth it if you live but if you die, your family will sure be better off because you have it. Same here, 4k over the life of the loan is peanuts.