Extended Warranty

I purchased an extended warrantee when I purchased my used coach because I did not have a history of what was done. I am glad I did. It has more than paid for itself and it has given me peace of mind. I have a diesel pusher and repair of many systems is very expensive. I have never had a problem with authorization of a repair. It was one I purchased from the dealer that sold us the coach.

NO NO NO

"Read the warranty" first said as I berate the man for paying 4 bucks for an extended warranty for a 23 dollar keyboard.

He's right of course.
It's MY fault for not buying it myself.....

My regret? Spending 3k on a warranty that will expire soon. Keep your 4K. You will need it later to pay for something and the warranty likely won't cover it. Or maybe it will but it likely won't cost 4K. On the other hand, if you want to give the loan company a Valentine's Day present that will make them very happy, get the warranty. ;)

Save your money and pay for your own repairs.
I'm money ahead.

Lwiddis wrote:
What DOESN'T the warranty cover?

stuff that is likely to break. :S seriously, to a degree they're likely all different which is why the buyer must read the entire contract taking notes as you go. this cannot be done sitting in the sales manager's office. if the sales critter will not let you take the contract home for a few days while you look it over, seek out reviews, etc. then run. have some people benefited from these service contracts? sure. and slot machines will pay off to a relatively small segment of users. same thing. make an informed decision, not a quick one.

What DOESN'T the warranty cover?

Complete waste of money. With 4k you can easily handle most problems that crop up and if you're the least bit handy and not afraid to youtube you can handle just about anything that unit is likely to throw at you for far less than that.

gbopp wrote:
I consider it a waste of money. Others will disagree.

Totally agree; had one and used once and still had to pay for repair. Agee with comment regarding the cost. If they roll this $4000 into your total loan package, you will be paying more than that! You would be farther ahead if you placed $400/yr in a savings account and used it if necessary.
I've a 10 year old class C and have yet to need anything approaching that total. If you buy the unit in good mechanical shape and do normal maintenance you should not need an extended contract.

I rather you spend a little more upfront and have an independent mechanic look the unit over BEFORE you buy it.

Npdchief07 wrote:
I am close to buying a 2010 Class C. I am using Southeast Financial for the financing and they have offered an extended warranty plan from Preferred RV Protection. The total cost for the warranty is 4000.00. It is good for 10 years or 40000 miles.

I have always stayed away from extended warranties for things like appliances or new tv's, etc.

What is the general consensus here: worth it or a waste of money?

a waste of $. unless it's issued by the mfg (which it isn't) it's not an extended warranty, it's a service contract...with lots of gotchas built in.

when we purchased our first new MH back in 2000 we took the price we would've spent for the extended service contract (you are paying cash for this, right?) and used that as seed money for a maintenance and repair fund at our bank. to that we add $X per month and over the years that account has paid for all of our non-warranty repairs, maintenance and even some options that we added later. we are way ahead and have a nice balance in that account.

if you're going to do this then read the policy very carefully BEFORE purchasing. make note of all of the restrictions and procedures. don't just read it in the sale's manager's office...take it home for a day or two to really study it. search for online reviews of the issuing company. don't make a hasty decision. if the seller demands an immediate answer walk away.

virtually all of these service policies require prior authorization before the repair work can start. and many will not cover parts that failed due to a gasket failure. ask about gasket coverage but be prepared for the $4k cost to rise. you may also negotiate the cost with the dealer as there is a huge profit margin built into the cost. stay firm and you should be able to get the cost cut in half.

IMO these are very bad deals designed only to line the pockets of the seller and agent.

good luck.