extended warranty

first and foremost I have to agree with what a few others said. Onviously EW's are money makers which means the odds are you'll come out the loser and them the winner but only you know your personal financial decision and what risk you can afford to take.

I would like to add one other thing to that. As part of assessing your risk compare how you plN to use it with what the manufacturer intended. For example let's use a mid range wash machine. If you're single and do one load a week the odds are you are putting much less wear on it then intended and thus it will probably wven last you longer then average. This may sway you not to buy the EW whether you can afford a repair or not. On the other hand if you have a family with 6 kids and do 4 loads a day you are probably using it way more then the manufacturer planned and thus it is more likely to fail this making it more likely that it will need a repair making the EW a better purchase doe you.

Don't let anyone tell you what is / is notnroght for you. Everyone's situation for how they use their items, how they rely on them and what financial swings they can take our different.

I have had very good response with XtraRide RV insurance. Very quick to approve and pay for various repairs. I wouldn't pay the $3k+ many dealers try to charge. I told my dealer no several times until they got down to $1600 which from research thats about dealer cost.

For a towable, executive summary says - total waste of money. If you have surplus $$ lying around, go buy some nice RV accessories instead. MHs may be a different matter.

You might consider buying a TT or FW that has a factory 2 year warranty. There are several brands that have this. Some don't think this helps, but we definitely do. Check the fine print to see what's covered and what's not.

Our TT insurance covers things like appliances & AC unit between year 1 & 2 of ownership from new. Not sure if any insurance companies in the US offer this feature.

Never buy insurance (and that is exactly what an "extended warranty is) for anything you can readily replace yourself without a financial hardship.

Example, if the refrigerator quits and needs repair, up to $1500, or the A/C, up to $700 repair, do you have you have the means to pay for the repair, or would it mean stop using the RV until you saved the money to repair?

If you do have the money for the repair, do not buy the "warranty."

Ok.... Extended Warranty threads generate a wide range of opinions here. In my view, their worth becomes a VERY personal decision, based on your financial situation.

If you have a major component failure, will you be able to cover it out of pocket? Or will your rig sit in the driveway, un-usable, because you cannot afford a repair? The type of rig involved has a significant impact on the decision as well. EXECUTIVE above, has a high end DP. Repair bills can add up very quickly on those (engine or tranny $15,000+).

If you have a TT, think about what can go wrong that could get expensive. Fridge - $1500. Furance or HWH - $400 - $600. After that, there isn't a whole lot that will cost you thousands to repair.

LASTLY - READ THE POLICY from top to bottom! Understand what that $1400 cost will and won't cover. Remember, EW companies are highly profitable! The only way that happens is by taking in a lot more money in premiums than they pay out in claims. ODDS are strong that you will not recoup your premium cost in claims. But that brings us right back to my 2nd paragraph above. Only you can decide what your comfort level is.

IMHO a warranty for a new TT is a waste. Maybe even for a new Motorhome. If it is used then maybe an ext. warranty is a good idea depending on how handy you are. What I am learning is that many things that my extended would cover are easily fixed myself with the exception of perhaps major drive train issues or maybe needing a new fridge.

In my case, my rig had 125,000 miles on it when I bought it. I will likley use my extended warranty at some point or another in the next five years.

I don't have an opinion either way regarding the value of them. I bought a new DP 10 years ago and bought a four year warranty. I never used it and was suppose to get a partial refund of the plan if not used, but they went out of business.

We also have friends that bought one for their diesel truck and got far more benefit than they paid.

With that said, I don't know about the value of buying one for a TT. Generally, they are purchased for motorized vehicles to primarily cover the drive train.

If one is offered, it would have to be REALLY reasonable since it will only cover the appliances and TV's. Any kind of leak or axle failure would probably be excluded because of the nature of the issue.

I am a firm believer in these "warranties"....the quotes are to indicate they are NOT warranties per se..they are actually service contracts. That said, while I've had two policies on my coach and they've paid for themselves several times over, for a NEW RV, I believe they are a waste of money. Most of your appliances and things that are going to fail will be covered by the manufacture's own warranties. After those warranties expire, you might want to consider one based on the performance of your rig over the three or so years you've owned it.

Finally, Wholesale Warranties offers the best policies and the best pricing. Jeff Shelton, the owner, will personally assist you to ensure you're getting the best policy for your rig. Make sure it's an exclusionary policy...that is, the policy is written telling you what is NOT COVERED. If it's not listed, it's covered....

Again, I would NOT purchase one on a NEW rig.....Dennis

Maybe check with your credit union or loan dept. of your bank. we saved about half on our pickup that way.

As a side note, the dealer marks up those warranties and make a hefty profit off them. If you really want it - offer maybe seven or eight hundred dollars for it.
They wanted $2000 for a warranty on my Dodge. I told them I don't pay more than $1k for such things and they eventually came down to my number. They also admitted that they only pay $800 for it.
It was a waste of money BTW.