Wholesale Warranty extended service agreement
I talked at length with Stephen at Wholesale Warranties today looking to get an extended warranty on my 1 year old class A. The information they sent too me covered everything (disclosed whats not c...
Forum Discussion
I disagree with putting your money in the bank..where it will earn you .0000001%. And, before the warranty haters come on....these are NOT warranties, they are SERVICE CONTRACTS ! Ok...now that all the caveats are done with, here's my take.
My feeling is it depends on your situation and reading between the lines, I think your situation is similar to mine. I have been turning wrenches since I was 12 but that doesn't mean I want to do that today. While I do a lot of work on my coach myself, there are times and things I don't wish to tackle. If you can afford to leave your coach sitting next to your house while you save enough money to repair it then go ahead and put some $$ in the bank. That said, you better have a bunch saved cuz at $120/hr it'll go out pretty damn quick.
I have had two extended warranties. The first for two years and the current one through WW for five. I'm into my second year on the WW contract. We bought our coach a year old and it was a repo so I felt the service contract was a valid purchase. I had the selling dealer pay for half of the first contract. During the four years so far the service contracts have paid out over $10,000 in repairs, the most recent was $1900 for a new A/C unit I had installed at a campground. They also paid $733 for a new tire when I had a blowout in September. No questions asked. I sent them the bill and they sent me a check. I've also had them pay for a new rear end on my coach as mine started making noises. They paid without a whimper. Two years ago, my Norcold failed and they paid for a new Amish cooling unit...$3,000 installed. Again, I lost four bolts out of my turbo...8 hrs labor to fix it. Do the math. So, yes, I've gotten my money's worth out of the contracts. I do have a $50 deductible so it's pretty easy for me to simply say, "fix it". We full time, so I do not have the luxury of having a place to work on the coach or be able to just drop it off somewhere. Most service contracts allow for mobile techs to do the work, but you do have to follow their instructions to the letter. I've never had them turn me down....Dennis
My feeling is it depends on your situation and reading between the lines, I think your situation is similar to mine. I have been turning wrenches since I was 12 but that doesn't mean I want to do that today. While I do a lot of work on my coach myself, there are times and things I don't wish to tackle. If you can afford to leave your coach sitting next to your house while you save enough money to repair it then go ahead and put some $$ in the bank. That said, you better have a bunch saved cuz at $120/hr it'll go out pretty damn quick.
I have had two extended warranties. The first for two years and the current one through WW for five. I'm into my second year on the WW contract. We bought our coach a year old and it was a repo so I felt the service contract was a valid purchase. I had the selling dealer pay for half of the first contract. During the four years so far the service contracts have paid out over $10,000 in repairs, the most recent was $1900 for a new A/C unit I had installed at a campground. They also paid $733 for a new tire when I had a blowout in September. No questions asked. I sent them the bill and they sent me a check. I've also had them pay for a new rear end on my coach as mine started making noises. They paid without a whimper. Two years ago, my Norcold failed and they paid for a new Amish cooling unit...$3,000 installed. Again, I lost four bolts out of my turbo...8 hrs labor to fix it. Do the math. So, yes, I've gotten my money's worth out of the contracts. I do have a $50 deductible so it's pretty easy for me to simply say, "fix it". We full time, so I do not have the luxury of having a place to work on the coach or be able to just drop it off somewhere. Most service contracts allow for mobile techs to do the work, but you do have to follow their instructions to the letter. I've never had them turn me down....Dennis
