Info about warrenty’s

On most RV purchases the so-called extended warranty cost is added to the financed amount. You pay interest on the contract until paid in full.

$1,400 extended warranty x 6 percent interest for what? Fifteen years? Twenty years?

Fifteen years the true cost is $2,127
Twenty years the true cost is $2,407

The kicker is you pay for the so-called warranty for many years after it expires.

Ralph Cramden wrote:

suprz wrote:

Ralph Cramden wrote:

suprz wrote:
You do the math... Lol

So you broke even.....maybe Lol.
Well not really.


$600 for the AC, $60 for the latch, $200 at most for the door. 3 hours labor max, call it 4. Lol.

$1364....less your deductible....$1264.

My cost for 2 repair visits = 100.00
I didnt have to do the work= priceless

Correction......

suprz wrote:
My aftermarket warranty cost me 1400.00 for 4 years of coverage.

Your cost for 2 repair visits = $1500.00

The cost of those repairs to be done at the dealer would have been OVER 2,000.00 and that is a fact. (parts & labor) luckily i have only had to have those 2 repair visits.
I have a very good and well worth the money warranty that i want to have. It lets me sleep better at night, etc... Just like my car insurance, i dont want to have some idiot distracted driver hitting me, etc.. BUT.. If it happens im going to get my vehicle fixed. I know plenty of people who "Self Insure" their RV when it comes to repairs. The majority of them either never put enough money away, or something else in their lives come up so they take $$ from that fund with the idea of putting that money back... But never do, so on a credit card the repair costs go. Any insurance is a "Necessary Evil" you hope you never have to use it, but its good to know you have it just in case. I have a warranty that i want to have and has already saved me my time, labor, and $$. You can do whatever you want to, but, you will never convince me otherwise.

suprz wrote:

Ralph Cramden wrote:

suprz wrote:
You do the math... Lol

So you broke even.....maybe Lol.
Well not really.


$600 for the AC, $60 for the latch, $200 at most for the door. 3 hours labor max, call it 4. Lol.

$1364....less your deductible....$1264.

My cost for 2 repair visits = 100.00
I didnt have to do the work= priceless

Correction......

suprz wrote:
My aftermarket warranty cost me 1400.00 for 4 years of coverage.

Your cost for 2 repair visits = $1500.00

Reviews show that upwards of 30-50% of what you pay is profit...

Sure there is the rare winner but that's like saying you should plan on retiring with your lottery winnings because there is the rare winner.

A warranty is only a warranty if it is offered by the manufacturer. Only the manufacturer can "warrant" their product.

Any third party offering is an insurance policy with lots of loopholes which are all in favor of the underwriter.

I self insure.

Ralph Cramden wrote:

suprz wrote:
You do the math... Lol

So you broke even.....maybe Lol.
Well not really.


$600 for the AC, $60 for the latch, $200 at most for the door. 3 hours labor max, call it 4. Lol.

$1364....less your deductible....$1264.

My cost for 2 repair visits = 100.00
I didnt have to do the work= priceless

DP

suprz wrote:
You do the math... Lol

So you broke even.....maybe Lol.
Well not really.


$600 for the AC, $60 for the latch, $200 at most for the door. 3 hours labor max, call it 4. Lol.

$1364....less your deductible....$1264.

Maybe i'm in the ten percent that someone talked about. My aftermarket warranty cost me 1400.00 for 4 years of coverage. Its thru NWAN And it's their "Emerald" plan. If i take my RV back to the dealership where i bought it, i have a $50.00 ded PER VISIT, Not per repair. So far i have had my roof AC replaced, the rv door latch replaced, and just recently the lower fridge door replaced on my norcold fridge and it has cost me only $100.00. The shops labor rate is $129.00 per hour... You do the math... Lol