Should I purchase an RV warranty?

[DrtEMaxChvy]

So we singed our paperwork last night and do the final walk through today.
It was asked by camping world if I wanted to purchase the 7 year extended warranty by Good Sam for $1800.00

I am asking as a general question is this a good move?

House keeping;
We plan on keeping the trailer for about 8-10 years, if we decide to sell before the 7 year term is up then we are refunded the difference ($22/month)
This is our first 5th wheel
Jayco offers a 2 year bumper to bumper warranty
10 year floor
5 year roof???

Deductibles:
100 if not at comparing world
50 if at a camping world location

Thoughts please

[downtheroad]

90% of the time you will loose money on an extended service contract.
100% of the time the dealer will make money on it.

Read the fine print and if you can sort through it all you will see that there are many, many loop holes that can be used to give you a, Not covered, claim denied."

For every person who says that theirs paid off, there are 10 others who will say that theirs was a frustrating rip off.

Your choice, but at the top of the consumer complaint list is - extended warranties.

[DrtEMaxChvy]

Thanks everyone. That was my gut instinct of not buying it. I'll post pictures when we pick it up this afternoon

[kennethwooster]

I use to always buy it and never got my money back. I probably put it on 5 trailers. I did use it some but never up to the amount I put it. However some trailers are so poorly made you may need it. Also research the different companies. Most are not that good.I've heard heard some bad about Good Sams policy. Maybe it has been changed. I hope so. Put the money in savings and you will be better off.

[aruba5er]

At that price I'd probably go for it. BUT-- Is it a good warrentee company and will it be around in 3 or 4 years or like so many before them gone out of business? On an RV there are so many little things that can go wrong, but the way they are built(sloppy,poor workmanship) that the extra expense can be justified. When it take two people to remove a TV because the cord came out of the wall or changing a fuse on the convertor because you cant's get to it. Unlike the stove or washer or?? at home that are quite dependable where I did buy a warrenty and never needed.

[guidry]

I did it once. Found out there are a LOT of ways they can deny your claim. Also that 7 year extended warranty is actually only 5 years since you said you have a 2 year factory warranty. If you calculate that money then research what items really go wrong after 2 years, you should find that it is better to put that money in the bank to draw interest then use it for repairs, you'll probably find yourself ahead.

Also, that "refund" should you decide to cancel; is applied to the back of the loan so you won't see any refund until you sell it.

[gbopp]

Congrats on your new RV.

You will get different opinions on extended warranties.
You have a two year warranty from the manufacturer. Does the extended warranty start at the end of the factory warranty?

Or, is it concurrent with the factory warranty, which means you're buying a 5 year warranty.

Some like the 'security' of the extended warranty. Others say there are too many exclusions on the extended warranty.
Read the contract before you buy.

Enjoy your travels.

[CarlT100]

I opted to purchase it; I have not had to use it yet.