EXTENDED WARRANTY

So many factors here. Impossible to answer for someone else. In my case, I bought it but I also bought a former rental with 125,000 miles on it so my guess is in the next five years I will likely use it a few times. Really, the question(s) should be what does it cover? Next, how much? Next, how do you use your rig? For most, especially people buying new, I would answer no and agree with the savings account for rainy days approach.

Shadow Catcher wrote:
It is an actuarial gamble, but it just saved me from a $5,000 cost of a new transmission.

The way I see it....has worked out for some and not for others. Hopefully it's a complete waste of money.

It is an actuarial gamble, but it just saved me from a $5,000 cost of a new transmission.

Sr member from 2002 asking this question? TROLL!!!!!!!!!

djgarcia wrote:
Good Idea or not"""

It depends on how you use your RV. It may also depend on the way you look at all your insurance needs, because that is what an extended warranty is.

Do you spend weekends in your RV during the summer drinking beer with your buddies, maybe putting 50 miles on a year? Then an extended warranty probably isn't for you.

Are you full time and traveling all over the country putting between 10,000 and 20,000 miles on every year? Then you just may get your money out of an extended warranty.

If you are somewhere in between on how you use your RV then it can be a tough decision that you will have to make for yourself.

The only extended warranty that I ever took was on a 5th wheel purchase many years ago. It extended an additional year for only $100 which was a bargain; never had to use it though.

For me to buy an extended warranty on something, it would need to be almost a giveaway.

djgarcia wrote:
Good Idea or not"""

For what?

coffee maker?
RV?
TV?
television?

I was in the "NO" crowd but uses the EW on my last 5er for a holding tank leak / replacement. I just bought a new 5er and still was debating it and said yes again. I like the fact that for the first 5 years the things that I can't or don't want to fix are covered like the holding tanks, all the electrical including my 6 point leveling..... Most EW plans are not that expensive so if u feel its a good idea get it and don't look back:

craig7h wrote:
...I have used warranty on my truck twice amounting to a savings of over $2000.00...

I bought the DW a new Edge this weekend. The extended warranty offered was $1990. Then, if you wrap that in with the financing you would pay interest on the $1900 for the life of the note.

I politely declined.

I could take that $1990 and buy DIS, AAPL or (pick one) and be way ahead in 5 yrs when the regular warranty expires.

I am on the other side. I feel they are a good thing. I have used warranty on my truck twice amounting to a savings of over $2000.00. On the other side I have not used it on the camper. All the people will say start a repair savings account. Thats all fine and good if savings is in your dna, its not in mine.