It's always something

tropical36 wrote:

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)

Put your money in the bank and start funding your own private warranty company. Be careful of financing also and make sure you know the bottom dollar when it's done and over with.
I hate both warranties and financing, but that's just me and so far it's worked out in my favor.
Wouldn't be so terrible with the warranties, if they didn't deny coverage so much and to the point of forcing you to call a lawyer. I would rather pick and choose my work with either doing it myself or shopping around vs the aggravation and upset that's sure to be forthcoming with these so called extended warranties.
Even new car warranties have ended up with a lot of displeasure for me and those that came with the vehicle. Example....needed a tire sensor and have both certified and drive train warranty left of the Jeep. Still not covered and the Dealer wanted over $300 for just one wheel, when tire shops will replace one with better than OEM, for about $90.

I agree with this theory, but you still need to add to it every year. Especially when using it. This way your building an "emergency fund" for repairs and maintenance. We have an emergency fund that has over 10K in it. Now it didn't get there overnight we just continue to add a little at a time and use it when needed.

-paul