Extended Warranty
#1
Extended Warranty
I just purchased a 2011 Street Glide with under 5K miles and am thinking about getting an extended warranty. Price I'm being quoted is...
1 YEAR $1249
2 YEAR $1569
3 YEAR $1849
$50.00 deductible per claim. Is this a good price for an extended warranty? Do most people think this is something worth getting? I'm leaning towards getting the 2 or 3 year, just for the peace of mind. Would appreciate some feedback. Thank you in advance.
1 YEAR $1249
2 YEAR $1569
3 YEAR $1849
$50.00 deductible per claim. Is this a good price for an extended warranty? Do most people think this is something worth getting? I'm leaning towards getting the 2 or 3 year, just for the peace of mind. Would appreciate some feedback. Thank you in advance.
#2
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I paid a touch under $1600 for the 3 year on my 13 RG, so you may be able to negotiate a better price. Of course it's a waste of money if you never have to use it, but I was willing to take the chance. The 3 year is the best bang for the buck in my opinion and if you sell the bike sooner than that you get a chunk of it back.
#7
Join Date: Jun 2011
Location: Mountain Top, Alabama
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#8
These are not really warranties at all.
They are 3rd party insurance plans. And on average they take in way more money than they ever pay out.
They are betting that nothing goes wrong with you bike during the covered period.
You are betting that enough goes wrong, that the cost of fixing it would be more than the price you payed out for the plan.
Take that $1,849 and put it in the bank for when the time "might" come you need it.
There is a much greater chance that you will have money left over at the end of 3 years.
They are 3rd party insurance plans. And on average they take in way more money than they ever pay out.
They are betting that nothing goes wrong with you bike during the covered period.
You are betting that enough goes wrong, that the cost of fixing it would be more than the price you payed out for the plan.
Take that $1,849 and put it in the bank for when the time "might" come you need it.
There is a much greater chance that you will have money left over at the end of 3 years.