extended warranty
Road Master
Joined: Jul 2007
Posts: 965
Likes: 1
From: Shreveport,La.
RE: extended warranty
I did opt out on mine yesterday but I'm beginning to rethink it now. You don't like to think that you pay that much for a new bike and it's not gonna last. Other hand, one good lick and it pays for itself. I guess I'll count my change when I get home and add it.
Tourer
Joined: Apr 2007
Posts: 312
Likes: 0
From:
RE: extended warranty
You will certainly get lots of opinions on this one. It really comes down to the fact that some people prefer to pay up front for the peace of mind that they are covered for major problems and some people don't. If you look at it from a purely financial perspective it is just not a good deal for the purchaser in the vast majority of cases.
Warranties are HUGE profit makers for those that sell them. That is why the dealerships are always pushing them so hard on folks that buy new bikes.
All that said, I will guarantee that you will see some posts from folks to the effect that they are sure glad they bought the extended warranty because they had a problem and it would have cost them x thousands of $'s had they not had it. What you have to remember is that for each one of those their are thousands of folks who bought the extended warranty and never used it, and you won't hear from them. The companies that sell the extended warranties are in the business to make money, and they do, lots of it. If more people received repairs worth more than the money they spent on the extended warranties these companies would be loosing money and would not be in business.
IMHO, take the money you were going to spend on the extended warranty and invest it. If you have a problem with your bike then you can tap that money to pay for the repair. If not, then you have some money put aside for a rainy day and the money stays in your pocket rather than in the pockets of some warranty company.
Warranties are HUGE profit makers for those that sell them. That is why the dealerships are always pushing them so hard on folks that buy new bikes.
All that said, I will guarantee that you will see some posts from folks to the effect that they are sure glad they bought the extended warranty because they had a problem and it would have cost them x thousands of $'s had they not had it. What you have to remember is that for each one of those their are thousands of folks who bought the extended warranty and never used it, and you won't hear from them. The companies that sell the extended warranties are in the business to make money, and they do, lots of it. If more people received repairs worth more than the money they spent on the extended warranties these companies would be loosing money and would not be in business.
IMHO, take the money you were going to spend on the extended warranty and invest it. If you have a problem with your bike then you can tap that money to pay for the repair. If not, then you have some money put aside for a rainy day and the money stays in your pocket rather than in the pockets of some warranty company.
Account Retired
Joined: Feb 2006
Posts: 2,448
Likes: 8
From: On Parole - Grays Creek, North Carolina
RE: extended warranty
If you ever tried to use your standard 2 year warranty and got shot down you will quickly realize that there is no such thing as a MOCO warranty.
Gary D.
Gary D.
Intermediate
Joined: Jul 2007
Posts: 44
Likes: 0
From:
RE: extended warranty
I have not purchased an extended warranty on anything except a playstation! it paid for itself! I have always read on cars and most everything else, it's not worth it. It's like anything, you need it when you don't have it...
I've been lucky - never had an issue beyond my factory warranty.
I've been lucky - never had an issue beyond my factory warranty.
Road Captain
Joined: May 2006
Posts: 554
Likes: 0
From: Citizen of the Republic of Texas, now in GA
RE: extended warranty
ORIGINAL: Wags1
You will certainly get lots of opinions on this one. It really comes down to the fact that some people prefer to pay up front for the peace of mind that they are covered for major problems and some people don't. If you look at it from a purely financial perspective it is just not a good deal for the purchaser in the vast majority of cases.
Warranties are HUGE profit makers for those that sell them. That is why the dealerships are always pushing them so hard on folks that buy new bikes.
All that said, I will guarantee that you will see some posts from folks to the effect that they are sure glad they bought the extended warranty because they had a problem and it would have cost them x thousands of $'s had they not had it. What you have to remember is that for each one of those their are thousands of folks who bought the extended warranty and never used it, and you won't hear from them. The companies that sell the extended warranties are in the business to make money, and they do, lots of it. If more people received repairs worth more than the money they spent on the extended warranties these companies would be loosing money and would not be in business.
IMHO, take the money you were going to spend on the extended warranty and invest it. If you have a problem with your bike then you can tap that money to pay for the repair. If not, then you have some money put aside for a rainy day and the money stays in your pocket rather than in the pockets of some warranty company.
You will certainly get lots of opinions on this one. It really comes down to the fact that some people prefer to pay up front for the peace of mind that they are covered for major problems and some people don't. If you look at it from a purely financial perspective it is just not a good deal for the purchaser in the vast majority of cases.
Warranties are HUGE profit makers for those that sell them. That is why the dealerships are always pushing them so hard on folks that buy new bikes.
All that said, I will guarantee that you will see some posts from folks to the effect that they are sure glad they bought the extended warranty because they had a problem and it would have cost them x thousands of $'s had they not had it. What you have to remember is that for each one of those their are thousands of folks who bought the extended warranty and never used it, and you won't hear from them. The companies that sell the extended warranties are in the business to make money, and they do, lots of it. If more people received repairs worth more than the money they spent on the extended warranties these companies would be loosing money and would not be in business.
IMHO, take the money you were going to spend on the extended warranty and invest it. If you have a problem with your bike then you can tap that money to pay for the repair. If not, then you have some money put aside for a rainy day and the money stays in your pocket rather than in the pockets of some warranty company.
Intermediate
Joined: Apr 2007
Posts: 33
Likes: 0
From: Central Alabama
RE: extended warranty
ORIGINAL: SoCal_Pappy
Extended Warranties is like Insurance... Ya hope ya never have to use it... But if you do... You're glad ya had it...
Extended Warranties is like Insurance... Ya hope ya never have to use it... But if you do... You're glad ya had it...
[sm=exactly.gif]
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Extreme HDF Member
Joined: Apr 2006
Posts: 10,449
Likes: 46
From: Roswell, GA
RE: extended warranty
If I had an '07, with the hotter running 96", and new 6-speed,I would at least consider purchasing the Extended Service Plan before the expiration of the MOCO 2-year warranty, especially if you are a high mileage rider. The ESP provides some features (like accommocation expense if you breakdown on the road) that the factory 2-year doesn't, but not enough to justify piggybacking it with the ESP, imho.
