extended service plan
Grand HDF Member
Joined: May 2008
Posts: 4,585
Likes: 673
From: Rolla
With that out of the way, all it takes is one major engine issue to actually have the contract pay for itself.
The problem is, there is a much greater change that issue won't happen.
Cruiser
Joined: Dec 2006
Posts: 137
Likes: 4
From:
Not worth it.
In 2001 I bought the warranty on my FLHTCUI with the understanding I got my money back if I didn't use it. I didn't and I got my money back. In 2012 I bought a FLHTK and the warranty was $1300, and the "salesman" stated the same thing, that I would get my money back if I didn't use it. I didn't he lied. I didn't do my " due diligence " and really read the warranty. When I did that's when I realized I was screwed and the 5 year warranty which I thought was suppose to start after the factory 2 year warranty was running from day one. So in reality it was only for 3 years. I won't buy another warranty on any bike. I think the 2 year warranty that comes with the bike is plenty of time for anything to go wrong or show signs of a problem. As for a used bike pay to have it checked out by a competent mechanic and way the cost of the policy with what you " think " might happen down the road. Well I was just meaning to give my 2 cents worth but ended up being a nickel's worth. 
Anyway, good luck and ride safe.
Anyway, good luck and ride safe.
Extreme HDF Member
Joined: Jun 2011
Posts: 14,731
Likes: 2,536
From: Mountain Top, Alabama
Prices are usually negotiable AT PURCHASE TIME.
If you choose to NOT have one, you need to have a plan for the "What if's".
Note: This is in reference to "Extended Warranty", not a "Service Plan".
Last edited by TheGrandPoohBah; Feb 26, 2015 at 03:49 PM. Reason: Plans defined
Tourer
Joined: Jul 2014
Posts: 416
Likes: 14
From: Texas
would they be offering it if they lost money on it?
I paid like $1200 for my Ext plan for 5 or 6 years can't remember. This price included wheel and tire.
This was on a new bike in 2014
This was on a new bike in 2014
Last edited by THEKOONTZ; Feb 26, 2015 at 03:53 PM. Reason: Wasn't done typing
Club Member
Joined: Jun 2013
Posts: 6,386
Likes: 900
From: Columbus, Ohio
Insurance companies wouldn't sell life insurance if they lost money on it, but you probably still have a policy.
Club Member
Joined: Sep 2014
Posts: 7,618
Likes: 10,437
From: Des moines IA
I am reasonably sure that I am going to die at some point. Having life insurance is betting I'll die before the policy lapses. As long as I keep paying the premium, the policy will live as long as me, and my heirs will be paid.
Extended warranty is betting the bike will break down before the policy lapses, usually 3 to 5 years. If I don't have confidence in the product, that I'd want to bet against it, I shouldn't buy it.
if my life insurance cost me $2000. and only paid out in the next 3 years, I wouldn't have it.
Tourer
Joined: Nov 2013
Posts: 375
Likes: 8
From: Arizona
Here is a better idea. Send me the $1900. Then if you ever have a problem, I will decide if I think it should be covered. If you have a problem that is covered then I will pay the cost minus the deductible.
I bet after 3 years I still have money left in my pocket.
This is no different than the warranty companies...
I bet after 3 years I still have money left in my pocket.
This is no different than the warranty companies...
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Tourer
Joined: Oct 2012
Posts: 336
Likes: 1
From: Senoia Ga
don;t use the word investment- it is an expense.
so is your bike.
you get 2 years of factory warranty with your new motorcycle.
so
is that 3 years on top of 2 equals 5? or 1 year on top of 2 equals 3 ?
read over the warranty contract- it is NOT with Harley-Davidson Motor Company or likely not the Dealer- it is with a 3rd party.
this contract is equal to about 10% the cost of the bike (and more if you are paying to finance it...)
pertinent questions:
exclusions- can you do common mods such as a tuner? don;t take a verbal- what does the contract say? can you change your wheels, shocks, exhaust?
does it cover added parts HD or other brand installed by you, or a shop or the dealer?
who does the repairs?
who can do routine services- under the HD warranty anyone can- even the owner.
some 3rd party warranties require the work done by specific shops.
where are you covered?
what if you are in Manitoba? or Omaha, or Vegas
what happens if the servicing company goes under?
those answers should be in the contract.
a.) you won;t find it online so you can look it over at your leisure
b.) you won;t find it at the parts counter or sales office until you are in the middle of negotiating a deal.
when you have no time to assess what is being sold.
the guy across the desk from you will earn $$$ if you sign up...yes, he IS your Friend...
Mike
so is your bike.
you get 2 years of factory warranty with your new motorcycle.
so
is that 3 years on top of 2 equals 5? or 1 year on top of 2 equals 3 ?
read over the warranty contract- it is NOT with Harley-Davidson Motor Company or likely not the Dealer- it is with a 3rd party.
this contract is equal to about 10% the cost of the bike (and more if you are paying to finance it...)
pertinent questions:
exclusions- can you do common mods such as a tuner? don;t take a verbal- what does the contract say? can you change your wheels, shocks, exhaust?
does it cover added parts HD or other brand installed by you, or a shop or the dealer?
who does the repairs?
who can do routine services- under the HD warranty anyone can- even the owner.
some 3rd party warranties require the work done by specific shops.
where are you covered?
what if you are in Manitoba? or Omaha, or Vegas
what happens if the servicing company goes under?
those answers should be in the contract.
a.) you won;t find it online so you can look it over at your leisure
b.) you won;t find it at the parts counter or sales office until you are in the middle of negotiating a deal.
when you have no time to assess what is being sold.
the guy across the desk from you will earn $$$ if you sign up...yes, he IS your Friend...
Mike
As an aside note we bought a 2010 cts Cadillac and the Cadillac pre owned warrenty was extremly low. We bought it and now the car needs a $5000 engine because of oil consumption. This car is sucking oil like a drunk..And I am sure they will replace the engine. GLAD bought that warrenty!!
Thread Starter
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Advanced
Joined: Jan 2015
Posts: 64
Likes: 1
From: Iowa
I love it............. this is a great site............. I feel like a kid in a candy store. thanks for all the GREAT insight. all comments are thoughts I have had and angels I have kicked around but this helps to insure I'm thinking correctly. unofficially I would say buy it 2 don't 15...... Ride Safe and have a good season. 