Extended warranty. Worth it or not?
Tourer
Joined: Mar 2015
Posts: 469
Likes: 130
From: Portland, Oregon
"Did you TRY Jim Palmer at Kutter HD."
They won't sell an ESP on a bike registered in Oregon, California, or Florida. But for any other state...I think Jim has the best prices by far.
"Extended warranties are for people who are living from pay check to pay check with out any wiggle room."
I disagree. I think people who put lots of miles on the bike probably make out ok as well. The odds of a serious problem go up significantly when putting upwards of 15K a year...and I expect to put nearly 100,000 miles on over the next 5 years or so.
I'm in talks for a new bike now and not only want the ESP...but I'm going to get a pre-paid service as well. All scheduled services for 3 years for $1500. That is obviously not going to be worth it for anyone who does their own services...but at $400 or so per service, I'll break even on the 15K service and that will be the first year. I'll have 2 more years of services for free.
They won't sell an ESP on a bike registered in Oregon, California, or Florida. But for any other state...I think Jim has the best prices by far.
"Extended warranties are for people who are living from pay check to pay check with out any wiggle room."
I disagree. I think people who put lots of miles on the bike probably make out ok as well. The odds of a serious problem go up significantly when putting upwards of 15K a year...and I expect to put nearly 100,000 miles on over the next 5 years or so.
I'm in talks for a new bike now and not only want the ESP...but I'm going to get a pre-paid service as well. All scheduled services for 3 years for $1500. That is obviously not going to be worth it for anyone who does their own services...but at $400 or so per service, I'll break even on the 15K service and that will be the first year. I'll have 2 more years of services for free.
Last edited by rcn1963; Nov 4, 2015 at 11:42 PM.
Advanced
Joined: Sep 2012
Posts: 90
Likes: 0
From: Oregon
Aside from bad luck, it's all about how many miles you put on your bike. If you put a lot of miles on it, the liklihood you'll use the extended warranty increases; if you don't ride that many miles the chances you'll use the extended warranty go down.
If you have the dough to fix the bike if it breaks, e.g., several grand for an engine, etc., and you only ride 5K/year, then it might make sense to blow off the extended warranty.
It's all probabilities...and a bit about luck, good and bad.
Alan
If you have the dough to fix the bike if it breaks, e.g., several grand for an engine, etc., and you only ride 5K/year, then it might make sense to blow off the extended warranty.
It's all probabilities...and a bit about luck, good and bad.
Alan
Road Warrior
Joined: Apr 2013
Posts: 1,295
Likes: 485
From: St Louis
if you look past the obvious poke that was given, it does make sense to put a little money in an account to cover any major repair issues. at the end of 2 years, say you put 200 bucks away every month in this account, you are sitting on 4800 bucks. if you keep going for the life of the bike, you would have enough to cover yourself if you need a repair.
Now the issue is, I got this money sitting here and I sure could use some more chrome on the Harley. lol
Underwriters on extended warranties always win even if there is a claim.
Road Master
Joined: Jan 2015
Posts: 1,187
Likes: 805
From: Washington
Extended Warranty W/High Miles
Wow, 20K a year for seven years is really pounding out the miles. Thats dedication to the sport. Over that distance one concern I would have is does the warranty cover normal wear & tear? Not knowing the contract language, I would assume it does not. Throw a rod or major transmission failure, you might be covered. Burn a little oil, need a new clutch, time for a new drive belt - probably not covered. I think if a guy buys some peace of mind and understands what he's getting in the contract, they might be the right thing for you.
Outstanding HDF Member
Joined: Sep 2006
Posts: 2,878
Likes: 164
From: Northern California
I did not buy the extended warranty, two weeks after I made the decision not to buy and after my factory warranty expired....I get a nail in my rear tire. Now I have $365 invested that would have been covered by the tire and wheel coverage. I will keep track of repairs for the next five years to see how I come out.
First flat since 1989, hope it's my last. Oh well
First flat since 1989, hope it's my last. Oh well
Road Warrior
Joined: Feb 2015
Posts: 1,645
Likes: 11
From: Northern VA
Jim Palmer has a web page with information and pricing.
Extended Service Plan
Found it myself when I was looking into it.
Myron
Extended Service Plan
Found it myself when I was looking into it.
Myron
HD Forum Stories
The Best of Harley-Davidson for Lifelong Riders
8 Best Harley-Davidson Motorcycles Ever
Pouria Savadkouei
10 Worst Harley-Davidson Motorcycles Ever
Pouria Savadkouei
Killer Custom's Jail Break Is The Breakout That Refused to Blend In
Verdad Gallardo
Crazy Bunderbike Build Looks Amazing, But Is It Impossible to Ride?
Verdad Gallardo
Harley-Davidson Reveals Super Cool Cafe Racer Concept
Verdad Gallardo
Engraved Rebellion: Inside Bundnerbike's Glam Rock II
Verdad Gallardo
10 Motorcycles You Should Never Buy
Joe Kucinski
10 Things Harley-Davidson Needs to Fix in 2026
Verdad Gallardo
Southpaw Super Glide: A Left-Hand-Drive 1979 Harley FXE Built to Fit the Rider
Verdad Gallardo
Ultimate HDF Member
Joined: May 2008
Posts: 7,439
Likes: 884
From: 'Noke, VA
Jim Palmer has a web page with information and pricing.
Extended Service Plan
Found it myself when I was looking into it.
Myron
Extended Service Plan
Found it myself when I was looking into it.
Myron
Grand HDF Member
Joined: Jun 2007
Posts: 4,264
Likes: 690
From: WESTERN CHICAGO AREA
BOTTOM LINE
Is it worth it? = YES - if YOU think so. NO if YOU don't. It's that simple.
For me it's yes. I ride between 10k and 14k each year and I still work 40 hours. I'm 71 and my job is teetering on the verge of collapse. If something goes bad in the next 7 years, I'm covered. So far I haven't lost money on any of the EXP's I've had. You can transfer it over to a new bike also, which I've done.
Naturally mechanically inclined riders will tell you it's a waste of money and that's true - for them, but if you are all thumbs and ride a lot, it's a good idea.
No one is saying that dealers don't make money on them. Of course they do. Why sell something you don't make money on?
Who said put away $200 dollars a month??? Are you crazy? Who has an extra $200/month = Trump??
Good luck on whatever YOU decide.
Is it worth it? = YES - if YOU think so. NO if YOU don't. It's that simple.
For me it's yes. I ride between 10k and 14k each year and I still work 40 hours. I'm 71 and my job is teetering on the verge of collapse. If something goes bad in the next 7 years, I'm covered. So far I haven't lost money on any of the EXP's I've had. You can transfer it over to a new bike also, which I've done.
Naturally mechanically inclined riders will tell you it's a waste of money and that's true - for them, but if you are all thumbs and ride a lot, it's a good idea.
No one is saying that dealers don't make money on them. Of course they do. Why sell something you don't make money on?
Who said put away $200 dollars a month??? Are you crazy? Who has an extra $200/month = Trump??
Good luck on whatever YOU decide.
Last edited by GARY DYER; Nov 13, 2015 at 08:46 AM.