It's a gamble, and for sure the house wins.
Extended Warranty---worth it?
Tourer
Joined: Nov 2007
Posts: 325
Likes: 0
From: Georgia
It's worth it if you use it. It's not worth it if you don't. My buddy was a sales manager for a Harley dealership. He said the extended warranties were one of the biggest money-makers they had. He claimed they were one of the biggest rips too. Why do you think every time you check out at Best Buy that pimply-faced DH at the check out counter asks if you want to buy one for everything they sell?That's business for you.
Your buddy is a idiot ! As a dealer for close to 15 years for every customer that never used there extended warranty I can name 10 that were pissed off that 3 years down the road they had to pay for repairs that would have been payed under the extended warranty and mad as hell you did not offer it to them. even though you did. As for money makers yes the price for a extended warranty is regulated by the insurance commission { In florida at least } and have a 50% margin, The real money is made when they do covered repairs under the extended warranty.Dealers want to fix your bike under extended warranties It is a win win dealer makes money fixing stuff you get stuff fixed, But always make sure it is a FACTORY extended warranty!
Seasoned HDF Member
Joined: Sep 2008
Posts: 20,880
Likes: 33,837
I
Your buddy is a idiot ! As a dealer for close to 15 years for every customer that never used there extended warranty I can name 10 that were pissed off that 3 years down the road they had to pay for repairs that would have been payed under the extended warranty and mad as hell you did not offer it to them. even though you did. As for money makers yes the price for a extended warranty is regulated by the insurance commission { In florida at least } and have a 50% margin, The real money is made when they do covered repairs under the extended warranty.Dealers want to fix your bike under extended warranties It is a win win dealer makes money fixing stuff you get stuff fixed, But always make sure it is a FACTORY extended warranty!
Your buddy is a idiot ! As a dealer for close to 15 years for every customer that never used there extended warranty I can name 10 that were pissed off that 3 years down the road they had to pay for repairs that would have been payed under the extended warranty and mad as hell you did not offer it to them. even though you did. As for money makers yes the price for a extended warranty is regulated by the insurance commission { In florida at least } and have a 50% margin, The real money is made when they do covered repairs under the extended warranty.Dealers want to fix your bike under extended warranties It is a win win dealer makes money fixing stuff you get stuff fixed, But always make sure it is a FACTORY extended warranty!
Tourer
Joined: Nov 2007
Posts: 325
Likes: 0
From: Georgia
I can only speak for my dealership's. We would look for thing's to fix under warranty. I may have misled in my post I was not a Harley dealer. I was a Honda Yamaha Kawasaki Suzuki KTM dealer and with the exception Honda. Most would recoup there cost. Honda thinks they are GOD and god does not F--- Up. But we had more problems with Hondas then all the rest. One point that I missed is trade and resale.
Club Member
Joined: May 2008
Posts: 2,095
Likes: 4
From: Ponchatoula Louisiana
Since this was my first Harley I sprung for it. Already had a new rear tire and front master cylinder cover paid for under warranty. Does give me a little more peace of mind. For me personally it was worth it.
Last edited by dFREDb; Oct 10, 2008 at 08:02 AM. Reason: spelling
Seasoned HDF Member
Joined: Sep 2008
Posts: 20,880
Likes: 33,837
I can only speak for my dealership's. We would look for thing's to fix under warranty. I may have misled in my post I was not a Harley dealer. I was a Honda Yamaha Kawasaki Suzuki KTM dealer and with the exception Honda. Most would recoup there cost. Honda thinks they are GOD and god does not F--- Up. But we had more problems with Hondas then all the rest. One point that I missed is trade and resale.
Seasoned HDF Member
Joined: Apr 2006
Posts: 10,675
Likes: 95
From: Billings,Mt.
Up to a certain point you are just getting your money back.
HD Forum Stories
The Best of Harley-Davidson for Lifelong Riders
7 Times Harley-Davidson Chucked Tradition Out the Window
Verdad Gallardo
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
Thread
Thread Starter
Forum
Replies
Last Post