Extended Warranty - Worth it?
Road Master
Joined: Feb 2009
Posts: 922
Likes: 1
From: Riverside, TX
any financial strategist will tell you to say no on any extended warranty for any product. the favor is with the house. take that money instead and put it away, invest it, etc...you will be much better off. I have never in my life bought an extended warranty and I've never needed one and I've bought a lot of stuff!!!!
those warranties (in most cases) makes a lot of money for the dealers...much more so than they make on the sale of the bike (but then our mods make them a lot too)
those warranties (in most cases) makes a lot of money for the dealers...much more so than they make on the sale of the bike (but then our mods make them a lot too)
Road Warrior
Joined: Nov 2008
Posts: 1,955
Likes: 7
From: The Great Northwest
First of all, to the guy who wants to put his $1,000 in the bank and draw interest, that's a whole $50 buck a year if you can find a savings account or 1 year CD at 5%, Good luck.
Secondly, these guys are right. An extended warranty is a crapshoot just like all insurance. But I look at it like this. $1,000 for 5 years of worry free riding is $16.66 a month or abou $.55 a day. For me, it's worth it so I don't ever have to worry about all those frigg'n weird noises every Harley makes. So for me, the ext. warranty may not ever pay off in repairs, but it definitely fully pays off in peace of mind and a good night sleep at home or on the road. It's also a nice selling point for resale. The bottom line is this: All the people that bought the warranty will say that it's worth it and those that didn't buy it will say that it's a waste of $$$. But the FACT is that anyone who has a major issue who didn't buy it, is deffinitely sorry they didn't.
Secondly, these guys are right. An extended warranty is a crapshoot just like all insurance. But I look at it like this. $1,000 for 5 years of worry free riding is $16.66 a month or abou $.55 a day. For me, it's worth it so I don't ever have to worry about all those frigg'n weird noises every Harley makes. So for me, the ext. warranty may not ever pay off in repairs, but it definitely fully pays off in peace of mind and a good night sleep at home or on the road. It's also a nice selling point for resale. The bottom line is this: All the people that bought the warranty will say that it's worth it and those that didn't buy it will say that it's a waste of $$$. But the FACT is that anyone who has a major issue who didn't buy it, is deffinitely sorry they didn't.
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