When I bought my camper last weekend, the dealer talked me into buying a service contract. I said no thanks at first because I normally do not buy them for any of my cars or appliances. The dealer said they will take $1,000 off and drop my interest rate down by .25 percent for 6 years service contract. Now my loan rate is 4.74%. I thought that was a great deal. Now I had a chance to really read the contract and crush some numbers. I don't think my service contract is worth it. For starters, my TT is Wildwood by Forest River, which is a low end camper. It does not have any complicated things that a higher end camper will have. The most expensive part to replace is the refrigerator. I am pretty handy man and I can either replace or fix most of the stuff for much lower than the cost of the service contract. Another reason is the deductible is $100. The only way to get my money worth is if A/C, microwave, hot water tank, refrigerator, and maybe the DVD player all quit working at some point. That will never happen.I was wondering what you think. I understand this is matter of opinion. I have 30 days to cancel it to get my money back except for $50 and I get to keep my interest rate.

Cancel it. Eat the $50 and save yourself $950.Besides, the frig and all other major components have their own warranty already...probably for 2 years. Not need to double insure at this point.

downtheroad wrote:Cancel it. Eat the $50 and save yourself $950.Besides, the frig and all other major components have their own warranty already...probably for 2 years. Not need to double insure at this point.X2.

X3 Good luck and please let us know how things work out.

I never was a supporter of contracts and to this day. All that being said when we purchased our new MH 2 years ago my wife insisted on it, I didn't argue with her.As I type this email my MH is at General RV and has been for two weeks ( sat there a week before they looked at it, even with a appointment). I was then told that they're waiting for approval from Cornerstone ( extended service contract holder). That it could take some time. What??? I spend thousands of dollars on a contract that needs approval based on their schedule? Then I was told after the approval they would then order the parts ... Which is another 7-10 days before they would get them in. I was given the option to "purchase the parts myself " to speed it up and try to get reimbursed from Cornerstone. Keep in mind this is the same dealer that sold me the contract. So I said to my wife today, the decision to buy that was one of the stupidest things we have wasted money on. Bottom line, in the remaining 3 years I'll need to do thousands of dollars in repairs each year to break even. Plus the drive train and engine are covered under their own warranty for 5 years anyway. One year from Fleetwood on everything and two years on the structure. So bottom line, there are many systems in your RV that may have separate warranties that cover things. Most likely your gonna lose. Run away!

If you cancel, would you post a photo of the look on his face (the dealer)?

I was talked into buying a service contract, but now....

Halmfamily
Explorer
May 04, 2015
Call the dealer and have the finance manager cancel it. The money will go to your lender to pay down the loan. Shouldn't have to pay any penalties, we didn't have to when we canceled ours last year.
ugh
Explorer
May 04, 2015
I read the contract again. Under section 9, it says that I have the right to cancel it. Its in the contract. So, I don't need the good luck. If they refused, its a breach of contract.
Winnebago_Bob
Explorer
May 03, 2015
et2 wrote:
AngryBert-63 wrote:
The peace of mind was worth the $2K for 7 years. It's the Xtra Ride and it covers everything and I mean everything including some consumables.

That's slightly less than $300 a year for bumper to bumper coverage.

Chump change. $50 deductible.

Trust me, we will get our money out of it.

Don't be angry if you don't :B

LMAO.

You're a funny guy.

Seriously. I lose $300 a year in change in my couch. Peace of mind for me and DW is worth it. Our dealer is amazing - we have no worries.
Murphsmom
Explorer
May 03, 2015
We were talked into one, too, when we bought our new TT a couple of years ago. The next day we cancelled it, but it took almost four months of constant calling to the dealership to get the premium refunded. Good luck.
colliehauler
Explorer III
May 03, 2015
guidry wrote:
X3
Good luck and please let us know how things work out.
X4
et2
Explorer
May 03, 2015
AngryBert-63 wrote:
The peace of mind was worth the $2K for 7 years. It's the Xtra Ride and it covers everything and I mean everything including some consumables.

That's slightly less than $300 a year for bumper to bumper coverage.

Chump change. $50 deductible.

Trust me, we will get our money out of it.

Don't be angry if you don't :B
Winnebago_Bob
Explorer
May 03, 2015
The peace of mind was worth the $2K for 7 years. It's the Xtra Ride and it covers everything and I mean everything including some consumables.

That's slightly less than $300 a year for bumper to bumper coverage.

Chump change. $50 deductible.

Trust me, we will get our money out of it.
jfkmk
Explorer
May 03, 2015
Agree with downtheroad for exactly the reason et2 listed. This is a typical experience with extended warrantee claims. Extended warrantee plans are good for one thing....profit for the dealer.
ScottG
Nomad
May 03, 2015
Folks need to realize that dealers sell those warranties because the company that backs them pays the dealer. This is a huge profit maker for dealers and you can offer them less for a given warranty.
They wanted $2500 for the extended warranty on my truck. I told them I would only pay them $1K and that was it. They argued but finally gave in. Salesman told me they pay $800 so anything over that is profit.
BTW, I never used the extended warranty on my truck . It was a total waste of money.
Cloud_Dancer
Explorer II
May 03, 2015
If you cancel, would you post a photo of the look on his face (the dealer)?