Extended Warranties - Are they worth it?
If we are considering buying a used class C, there will be no warranty with the dealership, so I want to investigate purchasing an extended warranty. Does anyone think they are worth it? I appre...
Forum Discussion
The real answer is MAYBE..... The decision to buy or not to buy an EW is highly dependent on your financial situation and risk aversion. You don't say what you've been quoted for an EW, but look at the cost vs what might go wrong with your vehicle. You mentioned you have a Class C.
The biggest ticket item would be a catastrophic tranny or engine failure, requiring replacement. Odds are slim, especially of the rig has a good documented maintenance history and decent mileage.
If your financial situation would be crippled by a $3000 repair bill, it MAY be better to have an EW, then to risk having your rig sitting dead in the driveway, un-usable, while you continue to make bank payments on it.
Lastly --- I would NEVER finance the EW as part of the RV loan. Assuming your EW term would be 3-4 years, you'll be paying for it over the entire length of the loan. So if you renew, you'll be double paying, racking up additional interest, etc.....
The biggest ticket item would be a catastrophic tranny or engine failure, requiring replacement. Odds are slim, especially of the rig has a good documented maintenance history and decent mileage.
If your financial situation would be crippled by a $3000 repair bill, it MAY be better to have an EW, then to risk having your rig sitting dead in the driveway, un-usable, while you continue to make bank payments on it.
Lastly --- I would NEVER finance the EW as part of the RV loan. Assuming your EW term would be 3-4 years, you'll be paying for it over the entire length of the loan. So if you renew, you'll be double paying, racking up additional interest, etc.....
