5 yr extended warrenty on new TT

[quickrod66]

I am sure this question has been asked before, but here goes again , will p/u the new TT in a week due to work schedule,and plan on doing a thorough PDI, dealer mentioned getting a 5 yr. extended warranty on the new rig. I have mixed feelings about it , but then again hear the horror stories about stuff going sour after a year.It will be another $1400.00, I know they make good money off them,but if it needs repair I cannot do, these guys at the dealers get $100.00 an hour.

[Racine96]

Read the small print. Some of the ones that I have read had too many exceptions, some are better.

[lhenry8113]

Your new TT comes with a Factory warranty. Not always but usually if something is going to go wrong--it does within the 1st or 2nd year of use. New TT usually come with Chinese tires that have loosely inherited the title of "Chinabombs". Most new Rv'rs figuring their unit is new--the tires are new--there should be no problems with the tires. More often than not if they are tires made in China--they have proven to be a problem. My suggestion is to take the extended warranty $$'s and invest in a good set of tires-get them balanced-and have metal air valves put in. Lars

[Bumpyroad]

the OP, as far as I can tell, does not have that $1400 in his pocket and is not paying cash for this purchase. as was stated, it will be a couple of bucks a month for buying peace of mind. how is the OP set financially if an expensive repair pops up?
bumpy

[jmtandem]

Since the extended warranty is concurrent with the manufacturer's new coach warranty it in effect is pretty expensive double coverage for at least a portion of the five years that is also covered by the manufacturer's warranty. I would pocket the $1400 and keep it around for repairs should you need something. If no repairs are needed after the original warranty period expires and before the five years are up, you are home free.

[ksg5000]

Waste of money. Also - if the rig is new individual items (fridge, water heater etc) will come with there own warranties. Lastly - except for the fridge most of the items on an RV aren't all that expensive and with help from this forum even a ten thumb guy like me can fix most things on an RV.

[jessjerr1831]

So, my question is? If you pay for a 5 year warranty and your new TT comes with a 2 or 1 Year warranty for free, are you in effect paying for the 2 or 1 years that would be free. And also the paid 5 year warranty starts immediately and not at the end of the 2 or 1 year warranty. Correct? I personally feel it should not start until the end of the 2 or 1 year warranty. You should be able to buy the same warranty then. Am I thinking to hard to early in the morning?

[Go_Dogs]

Read the fine print. I've had them and was really glad I did, plus, I got money refunded on the EW when I traded the unit in. You may be able to buy one from another place, other than the dealer. If it only bumps your payment up a couple dollars/month-it's cheap peace of mind.

[downtheroad]

Yes, I can imagine that the dealer, "mentioned it."
Probably more like tried to scare you to death with doom and destruction if you didn't buy one.

Get out your magnifying glass so that you can read all the fine print and lawyer speak.
Lots of...not covered, claim denied, conditions not met...and lots of very strict requirements before you can get repairs...

[spike99]

.

For extended warranties for something that's only used a few times a year does have way too many "loop holes". It's like gambling. re: The odds of winning are always with the house.

As a suggestion, take the warranty dollars and use saved money to buy proactive "upgrade" parts for your RV/TT. For example, RV Battery Switch, Surge Protection, Tinted Windows, Roof Covers (like MaxAir vents), etc. etc. If NOT into RV upgrades, then take saved dollars and put into education accounts for your kids or grand kids. Thus, win - win for the entire family.

[I_am_still_wayn]

Before you commit to buying this insurance policy (that is what extended warranties really are), read the actual contract, not the sales brochure so you understand exactly what is and is not covered. Do not rely on the salesperson's interpretation of its value or coverage. In deciding whether to purchase this insurance, ask yourself this, "If I have to replace the {refrigerator, oven, microwave, water heater, or insert any component you wish} will I have the money to do so?" If your answer is yes, then do not buy the insurance. If your answer is no, then buying the insurance may represent a value to you. Never buy insurance to cover an item you can afford to replace without insurance. Remember, insurance is not an investment and is not intended as a method to make money. It is to pay you for a loss that you otherwise could not afford on your own. Now regarding those "extended warranty" insurance policies: Many include so many exceptions and exclusions and are so carefully worded that they have more reasons not to pay than to pay. The industry is not well regulated and many of the "extended warranty" companies are basically corrupt refusing to pay a valid claim and just going out of business after they have paid very few claims and sold many policies leaving you with a worthless piece of paper.

[Bumpyroad]

if there are not too many loopholes, $1,400 might be worth it. since they are making $700 on this, might offer $1,000 or so, say you can get that coverage for that elsewhere.
bumpy

[Helimech]

I am also totally against them, but when we got our 5er the wife insisted on it. It cost an extra $1000. Glad she did. Trailers take a beating going down the road and things break. In two years had to replace Television, microwave, slide actuator, heater fan and gas valve. I think I got my money's worth out of it.