I recently purchased a used 2014 Limited with 2,500 miles on the clock from a private party who had originally purchased in July 2014. He gave me the paperwork for transferring the 5yr ESP. His cost was $2488 for the ESP. I already paid the $25.00 for the transfer fee and have the ESP in my name. I checked with the selling dealer and if I cancelled the ESP it would be worth a $1,800 check refunded to me. Would you guys get the refund and bank it for future repairs or let it be and have the extra 3yrs coverage?

 

Take the money and run. Why pay for repairs in advance. If Extended warranties were not profitable, they wouldn't be sold.

 

It's insurance so hopefully you will not need it but if you do you'll be glad you had it.
$1800 doesn't buy a lot of repairs.

Since it's already factored into your cost of the bike I'd just keep it.
If you cancel it the way life often goes you'll blow your motor as soon as the intial warranty expires and then you'll be out $4-6K.

I didn't use my ESP but don't regret buying it.
It gave me peace of mind.

 

You need to consider what an extended warranty is for and that's basically for someone that's relatively uncomfortable with mechanical things and/or unsure of themselves when it comes to everyday "awareness" and/or want's the peace of mind knowing they don't have to even think about such things because they have the extended warranty,,
There's no harm in having that protection.

So,, are you comfortable with your ability to properly maintain the bike, to watch for things? Are you going to specifically concern yourself with the day to day maintenance of the bike?
If you are,, grab the cash.

 

I do all my own work. What I am a little concerned about is the amount of electronics and the water cooling heads on these. Tires, brakes, fluids, clutch adj, cam shoes etc I have done all these. On my Softail I replaced the cylinder base gaskets that were famous for seeping. I own a Handy lift table and a heated garage a like to tinker a bit.

 

I would keep the service policy. I had a 2 yr. old FXLR scissor the crankshaft with only 20,000 miles on it & the extended warranty cut a check for a new engine.

 

Try chasing down an oil leak and finally discovering it coming from somewhere not easily repaired. Last time I bought a bike with warranty it even covered the Zumo Roadtech GPS that went flaky on me. That would have been an expensive replacement. Same bike developed an oil leak that would have cost over 5 bills to repair. This all happened inside the first year. The warranty is already paid for so I would say keep it. They call it insurance for a reason. You may never use it but if you need it you will be glad you have it.

 

depends on how much riding and traveling you are going to do. if on the road the esp might come in handy. if you are good with a wrench you could cash in.

 

Since you already have it, I would keep it. Just as soon as you cancel it you may end up needing it. That would be my luck.

 

On a related note I have the ESP on my bike if I traded in can I transfer the ESP? Or would I cash out current ESP and buy a new ESP?