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?
Forum Discussion
quote wrote:
provided a major fix isn't needed that exceeds what the warranty account has put aside in it..
True Kev , that possibility is in place in the beginning of building a self-fund but diminishes as time goes on. If that occurs, you take the hit and keep investing , paying yourself, over the years that cash flow will eventually be greater than you will need and you will be able to recover the loss of a repair.
Some people just can't do that and need to feel protected. That's what these EW companies bank on .
I've been doing this since 1988, the risk of evacuating the fund for a needed repair are long gone in my particular case.
Doing this takes discipline as to NOT use the money for other things. I think of it as money already spent and is gone.
You have to do what fits your situation at the time and I understand your thinking in covering your RV . Each individual must feel comfortable and that's fine . There are going to be times when the EW will help someone.
Some people roll the EW cost into a loan, paying interest on it and worse.
One other thing to look for : Aftermarket companies in general.
http://www.8newsnow.com/story/1350831/car-warranty-company-goes-bankrupt
Bob
