Extended Warranty: Why do I need it?

ApexAZ wrote:
Hi all,

We just got approved for financing on a Fuel toy hauler with an agreed upon price OTD. The F&I gentleman just called us to tell us about the approval and the rate. Then he told me the payment and I was surprised to hear it was higher than I had expected at that rate.

Of course with some probing I learned he priced in a 7 year extended warranty. I am reluctant to purchase these on vehicles in general. My understanding is dealing with warranty work on RV's is not as easy or convenient as it would be on an automobile, especially in the current supply constrained world we live in. I think no matter what 7 years is probably more than we want, but would maybe 2 or 3 years be beneficial? I've read that most major things are going to break in the first year and to expect it to be in the shop for a significant period of time in that first year. I've also read most people fix a lot of their issues because the warranty is such a pain to begin with.

For these reasons I am thinking it's not worth paying for an extended warranty, but maybe I'm wrong?

Thanks,

Brian

No,you are not wrong. If the unit is new, it usually comes with a warranty of sorts for at least 12 months. The F&I person has apparently added ($7K??)onto the original order that you signed? You need to set aside a reasonable amount of $$ each month for anticipated maintenance/repairs for what you want. Be prepared to get up and walk if they continue to play they play the numbers as you are being played with by these double talkers.