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myronlh's avatar
myronlh
Explorer
Aug 15, 2014

Extend the warranty???

I had a Coleman Mach I Power Saver installed on my truck camper today. It comes with a 2 year warranty and an offer to extend that to years 3,4,& 5 for $90. Do most of you do that?
  • myronlh wrote:
    I had a Coleman Mach I Power Saver installed on my truck camper today. It comes with a 2 year warranty and an offer to extend that to years 3,4,& 5 for $90. Do most of you do that?


    What is a "Coleman Mach I Power Saver" ?

    do I need one

    I never buy extended warrenties...
  • Extended warranties are generally a bad idea...if you don't expect something to last just don't buy it..most items which fail either do so soon, and are covered by any warranty, or last well past any warranty.
  • As with any warranty/service contract I would heavily weigh the value of what you get. In this case you are receiving an additional 3 years of coverage for $90.00.

    On Google it shows that the unit itself costs approximately $500. $90 for a contract on a $500 purchase seems a little excessive representing 20% of the purchase price.

    I used to sell vehicle service contracts - a real value would be in the 3.5-5% range. I used to have quite a few 7 year factory extensions to the 3 year basic that only cost a customer around $1300.00 on a $50,000 vehicle.

    A lot of the time the service contracts are a big money maker for the company selling them with huge margins - but not always. Honestly I wouldn't pay anymore than $25 for that coverage on that unit however that is most unlikely if it's a fixed,take it or leave it, price.
  • so they are betting you 90 dollars that unit will be trouble free for 5 years and you would be putting up 90 to prove them wrong...

    That said I never buy extended warranty's