Purchasing an extended warranty from the dealership?

[Jandsa]

We just bought a 5ver from a dealership and they are trying to sell us an extended warranty on the unit. This 5ver is a year old. However, the warranty is going to cost over $1,000. The dealership is going to go through the unit with hubby to address any issues with this unit. He is mechanically savvy and has worked on our other 5ver and TT previously...just needed to buy parts and did the installation himself. Doe anyone think that these warranties are worth the bucks?

[mileshuff]

We bought an extended warranty on our 5'er we bought new last year. They wanted over $3000 but settled on $1300 for a 10yr $100 deductible. Made our first claim last month for some minor issues that saved us $400. No hassles getting approval for a local RV shop to do the work. Our policy is thru XtraRide. Check for decent reviews for the company you're looking into.

[Moderator]

Speaking in 'general terms'; those that have bought the extended warrenty and never needed it feel it is a waste of $$. Those that bought the extended warrenty and it paid for itself (and more) swear by it. Only you know your financial status and the degree of risk you wish to take.

[Jandsa]

To clarify...Presently, we are just taking vacations in the 5ver and is a Keystone.

I went back to the email and paid more attention to the amount and it was more like $1,800...OUCH!

We did get an extra warranty on our diesel, cause with a diesel, when it breaks down, it is $$$$ for labor. The days of a shade tree mechanic is just about gone due to all the computer technology.

Years ago (maybe things we built better back then) we owned a Mallard 5th and put lots of mileage towing it throughout the national parks in the west and up the west coast and no major repairs. Perhaps we were lucky.

[C-Bears]

Extended warranties are like insurance, you take a gamble.

Don't know what make/model you are purchasing. Don't know if you are full time folks or part time or what. There are a lot of factors that could go into the decision for an extended warranty.

We full time and tow our unit between 4,000 and 8,000 miles a year. I have heard some of the prices for replacing holding tanks, repairing suspension systems, or replacing a double door Dometic refrigerator. This was our first extended warranty on an RV.

Same thought process went into an extended warranty on my truck. Always thought they were a rip off on new vehicles. 80% of the miles on my truck are pulling the fiver. I feel I am maxing my truck out and putting tons of wear and tear on it. It is a gamble but I wanted complete protection through 125,000 miles/7 years.

[midnightsadie]

put the money in the rv acc, pay your husband when he,fix,s things,

[kalynzoo]

2nd, get a price from wholesalewarranties.com

[Bird_Freak]

Take the money and put in a rv repair account.

[JayGee]

Get a price from wholesalewarranties.com before committing to anything. If you want one.

[the_bear_II]

Here's a good read regarding extended warranties.
http://www.rv-dreams.com/rv-extended-warranties.html

[Dick_B]

One problem I have with such warranties is who is going to do the work when needed? Is it the dealer? What if you are not in town? Or is it someone else? Will that someone else be in business when you need the help?
I'd avoid the warranty UNLESS you can get your money back at the end of some time period if not used.

[Bumpyroad]

if just over $1,000 it is a lot cheaper than most where you can get 50% off. what are the exclusions and what does it cover. if the refrigerator or generator go bad, it will pay for itself.
bumpy

[lj2654]

Their profit margin is very high to push these warrantys, that's why they try as hard as they can....

[Jandsa]

Good point,fla-gypsy.....As I noted before, hubby is mechanically savvy and there isn't much on the unit he couldn't do himself with the right parts. We already told them once when we were there for the initial paperwork that it was NO. It seems to be a hard sell to me, which is making me suspicious.

[fla-gypsy]

Ask yourself this question; If the dealer and the 3rd party insurer are going to make money off of you (and they are going to make money off of you) how many things do you really think they will cover and not wiggle out of during the length of the contract?