ESP Advice
Thread Starter
|
Road Captain
Joined: Apr 2009
Posts: 581
Likes: 28
From: Sunbury, PA
I see what everyone is saying about the cost vs return. I usually have always wrenched on my own bikes until I got this streetglide new in 2016. I am just concerned with all the electronics going on with this bike that one failure could cost more then the policy. Maybe I am wrong but that is my thought process so far.
Road Warrior
Joined: Jul 2011
Posts: 1,630
Likes: 434
From: PA
Regarding those types of plans, they are being offered simply because it is a great moneymaker for the dealership. Think about that.
In my personal experience owning pretty much only new bikes, I never went over the cost of what a service plan (extended service plan) covers. Never.
They sell you on fear. What if. What if. What if. Well, the what if statistically does not happen. Insurance companies are not stupid. So if you think “business” you are likely not going to purchase one. If you are afraid and want to cover you for comfort reasons, that is a different story.
In my personal experience owning pretty much only new bikes, I never went over the cost of what a service plan (extended service plan) covers. Never.
They sell you on fear. What if. What if. What if. Well, the what if statistically does not happen. Insurance companies are not stupid. So if you think “business” you are likely not going to purchase one. If you are afraid and want to cover you for comfort reasons, that is a different story.
Last edited by 30glock; Jun 22, 2018 at 06:33 PM.
Elite HDF Member
Joined: Jul 2007
Posts: 3,903
Likes: 1,122
From: 48.067222,12.863611
Regarding those types of plans, they are being offered simply because it is a great moneymaker for the dealership. Think about that.
In my personal experience owning pretty much only new bikes, I never went over the cost of what a service plan (extended service plan) covers. Never.
They sell you on fear. What if. What if. What if. Well, the what if statistically does not happen. Insurance companies are not stupid. So if you think business you are likely not going to purchase one. If you are afraid and want to cover you for comfort reasons, that is a different story.
When I worked for a company furniture company they loved the service plans because the profit margin is 90%.
BuzzCap7
In my personal experience owning pretty much only new bikes, I never went over the cost of what a service plan (extended service plan) covers. Never.
They sell you on fear. What if. What if. What if. Well, the what if statistically does not happen. Insurance companies are not stupid. So if you think business you are likely not going to purchase one. If you are afraid and want to cover you for comfort reasons, that is a different story.
When I worked for a company furniture company they loved the service plans because the profit margin is 90%.
BuzzCap7
Grand HDF Member
Joined: Jun 2008
Posts: 4,012
Likes: 298
From: Central Fl
How many miles on your CVO?
Club Member
Joined: Apr 2007
Posts: 69,901
Likes: 18,589
From: South Florida
30G, imagine if EVERYONE who bot the ESP had issues like that. The ESP would be halted actually never started in the 1st place.
It is kind of like playing lotto. Most everyone will NOT hit the 50 Million pot. Most MUST FAIL to have that game available. Same with the insuranace.
BuzzCap7
Elite HDF Member
Joined: Jul 2007
Posts: 3,903
Likes: 1,122
From: 48.067222,12.863611
Yes, that is exactly my point. You are the exception to the rule.
30G, imagine if EVERYONE who bot the ESP had issues like that. The ESP would be halted actually never started in the 1st place.
It is kind of like playing lotto. Most everyone will NOT hit the 50 Million pot. Most MUST FAIL to have that game available. Same with the insuranace.
BuzzCap7
30G, imagine if EVERYONE who bot the ESP had issues like that. The ESP would be halted actually never started in the 1st place.
It is kind of like playing lotto. Most everyone will NOT hit the 50 Million pot. Most MUST FAIL to have that game available. Same with the insuranace.
BuzzCap7
HD Forum Stories
The Best of Harley-Davidson for Lifelong Riders
7 Surprising Harley-Davidson Products that Are Not Motorcycles
Verdad Gallardo
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
Club Member
Joined: Apr 2007
Posts: 69,901
Likes: 18,589
From: South Florida
For about a 6 year period, I used to ride ~32,000 miles a year. I bought the service plan so I would have peace of mind. I have found in that six-year. As well as several years prior to that when I was riding less miles per year, the plan never paid for itself. Other than the peace of mind part.
I now ride approximately half of that and in all honesty my friend, I am contemplating getting the ESP. It is a bit of a battle for me because I know it is strictly a peace of mind thing.
1) I never use the plan in approximately 12 years of having it.
2) I know they do not offer it because they lose money. They offer it because they know they will be making a lot of money from the insurance plan. And that is what it is. Insurance.
Having discussed this with you rhuff, I think at the very least it helped me decide to pass on the plan and gamble it. I think it is a very good gamble on my part.
Either way, that is my $.02.
BuzzCap7
Stellar HDF Member
Joined: Mar 2017
Posts: 3,174
Likes: 1,466
From: Charleston, SC
I see what everyone is saying about the cost vs return. I usually have always wrenched on my own bikes until I got this streetglide new in 2016. I am just concerned with all the electronics going on with this bike that one failure could cost more then the policy. Maybe I am wrong but that is my thought process so far.