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02-20-2018, 09:11 AM
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#1
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Junior Member
Join Date: Feb 2018
Posts: 6
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Extended warranty?
So I was wondering, if we buy a used Class A, I think it would be good to get an extended warranty. Any companies out there that are reputable? And do you have to buy from a dealership in order to get an extended warranty?
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02-20-2018, 10:04 AM
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#2
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Senior Member
Workhorse Chassis Owner
Join Date: Jan 2002
Posts: 1,896
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Probably a good idea. People have auto, health, EQ, flood and homeowner's insurance. Why not for a motorhome. You don't say how old this will be. Over 15 y/o you might not get any service contract. There will be a limitation of how much the total payout will be over the life of the contract. Check out this fine print. A diesel engine fix or replacement will be mucho pesos if you do not have coverage.
A dealership will tack on 10% or more. Better to buy from a broker. Get a exclusionary contract...not parts named. Do a search on this forum for much, much more info.....and let us know your thoughts.
__________________
2003 Dolphin LX 6355 w/ W22 chassis; 8.1L gas & Allison 1000
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02-20-2018, 10:06 AM
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#3
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Senior Member
Monaco Owners Club
Join Date: Mar 2000
Location: Yuma Arizona USA
Posts: 2,993
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You don't have to buy from a dealership they are readily available on the internet. However, you need to understand that these companies are there to make a profit not just to help you.
If you do your due diligence and inspect the coach you purchase you are much better off taking the money you would spend on a policy and putting it in the bank.
We had an extended warranty on the coach we had now and found it to be a real pain especially while traveling.
All of these companies have the same rule. No work will be paid for without prior approval. On two different occasions we found ourselves sitting in repair center lots for three to five days while the warranty company arranged for an independent inspector to look at our coach then send a report back to the company for them to make a decision on repairs.
Even when they authorize repairs, they then will try to negotiate the costs down with the repair company in many cases requiring them to cut corners.
Personal opinion but; my advise would be find a good coach and self insure,
__________________
Brian, Loretta & Lucy (Golden Retriever)
2008 HR Endeavor 40 PDQ , ISL 400
2010 Dodge Ram 1500 Toad
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02-20-2018, 10:09 AM
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#4
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Senior Member/RVM #90
Monaco Owners Club
Join Date: Nov 2002
Location: Columbus, MS
Posts: 54,578
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Quote:
Originally Posted by bdpreece
You don't have to buy from a dealership they are readily available on the internet. However, you need to understand that these companies are there to make a profit not just to help you.
If you do your due diligence and inspect the coach you purchase you are much better off taking the money you would spend on a policy and putting it in the bank.
We had an extended warranty on the coach we had now and found it to be a real pain especially while traveling.
All of these companies have the same rule. No work will be paid for without prior approval. On two different occasions we found ourselves sitting in repair center lots for three to five days while the warranty company arranged for an independent inspector to look at our coach then send a report back to the company for them to make a decision on repairs.
Even when they authorize repairs, they then will try to negotiate the costs down with the repair company in many cases requiring them to cut corners.
Personal opinion but; my advise would be find a good coach and self insure,
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Totally agree!
__________________
Joe & Annette
Sometimes I sits and thinks, sometimes I just sits.....
2002 Monaco Windsor 40PBT, 2013 Honda CRV AWD
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02-20-2018, 10:15 AM
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#5
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Senior Member
Join Date: Jan 2015
Location: Oroville, CA
Posts: 3,133
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For us, the risk of buying a used coach, no matter how clean or well documented the maintenance, was just too great for us, so we bought a policy the selling dealer recommended. On balance, after 3 seasons, we have recovered about 80% of what we paid for the policy in claims. It's never easy, as the ins wants to deny, deny, deny. What hits us the hardest is that they want to pay for shop time at $75/hr and shops out here start a $145/hr and go up from there. So the insurance pays for about half the labor on any job.
Read, read, read the policy. I have to give credit to our selling dealer as they have interceded on our behalf a couple of times with the ins co who they say is run by a man they used to work with. US Warranty out of Ohio.
A new engine=$30k, trans, maybe $15k; radiators, turbos, etc etc it can all break. I'm glad I have a policy.
__________________
Bill, Kathi and Zorro; '05 Beaver Patriot Thunder
2012 Sunnybrook Harmony 21FBS (SQEZINN)
2007 Jeep Grand Cherokee Overland
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02-20-2018, 11:24 AM
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#6
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Registered User
Join Date: Oct 2016
Posts: 3,026
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We purchased an Extended Service Plan on our 2005 coach when we bought it just over a year ago. The sale was from a private party, so we researched and found the ESP on our own. We opted for a low premium/high deductible plan based in part on my stubborn determination to diagnose and repair things on my own. So far, so good.
The only claim in the first year was for a new rear AC. The plan covered an amount equal to the annual premium, so I see it as a break even proposition. The process was hassle free. I contacted the insurer to report the problem, selected a repair shop of my choice, the work was performed in a timely and professional manner.
There is a good chance that you will experience delays in getting service performed simply because many shops are swamped with coaches in need of repair. I experienced no delays from the insurer, they did not send out an adjuster or haggle over the cost of the work.
There are age and mileage limits that determine whether or not a coach will be covered. Something 10-12 years old with less that 100K miles should be eligible. Our plan will cover the coach until it is 18 years old.
I've spent a far greater amount on home and auto insurance over the years with little to nothing in return. To date, the ESP has been the wiser choice.
Send me a private message if you'd like any additional information on our plan.
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02-20-2018, 11:31 AM
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#7
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Senior Member
Country Coach Owners Club Solo Rvers Club iRV2 No Limits Club
Join Date: May 2011
Location: Vancouver, WA
Posts: 37,725
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Not worth it to me.
__________________
2009 45' Magna 630 w/Cummins ISX 650 HP/1950 Lbs Ft, HWH Active Air
Charter Good Sam Lifetime Member, FMCA,
RV'ing since 1957, NRA Benefactor Life, towing '21 Jeep JLU Rubicon Ecodiesel
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02-20-2018, 04:54 PM
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#8
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Senior Member
Fleetwood Owners Club
Join Date: Oct 2012
Location: Colorado
Posts: 613
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We had one from Wholesale Warranties.
Bought it ourselves I think we used it twice. Never paid for itself. Wasn’t to much of a hassle to use.
Ended up with some out of pocket expense on one deal.
Guess if a person had a “big” failure might be worth it.
Guess also how handy you are.
A few things I just did myself so I didn’t have to take it in.
All being said not sure if I would buy another.
__________________
Sally, Hailey and Lacy(Shih Tzus)and Me!
08 Revolution LE 40E
12 Jeep Wrangler,10 FLHX
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02-20-2018, 05:40 PM
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#9
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Senior Member
Join Date: Dec 2013
Location: Lake Havasu City, AZ & Plover, WI
Posts: 6,403
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The slot machines in Casinos are set to pay out 90-95% of what they take in. With that, more people lose what they put in than the few that win. They are a great profit center for them. An extended service contract is about the same thing. It's a great profit center for the companies issuing them. That tells me they pay out a lot less them they take in. Some are going to "win" but more are going to "lose". How lucky are you at the slot machines? Or are you someone that knows the odds and keeps his money in the bank? I've played the slots and won some, but lost more. I've never bought a service contract and figure I'm ahead in the game.
__________________
2006 Monaco Executive 44 Denali
2013 43 QGP Allegro Bus ( SOLD )
2013 Avalanche
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02-20-2018, 09:45 PM
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#10
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Registered User
Join Date: Oct 2016
Posts: 3,026
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Quote:
Originally Posted by Mr_D
Not worth it to me.
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That's a choice. And your expenses are well documented.
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02-20-2018, 09:48 PM
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#11
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Senior Member
Join Date: Jun 2005
Posts: 1,434
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If it were me, I'd leave some cash in my pocket (less money down, less expensive rig, etc.) and put it in savings for potential repairs. Then put some money away each month thereafter. Of course, a good inspection is important too.
If you never use it, bonus. If you buy the warranty, you'll never get that money back. Plus, you make the calls about what gets fixed and how and not some warranty company that knows the ins and outs of the contract you signed a heck of a lot better than you.
And as others have said, those warranties aren't designed to make you happy. They're designed to make the company money. The limitations are complicated and often confusing. All the stuff not covered is your responsibility anyway.
__________________
2018 Newmar Bay Star 3113 - "Chewie"
2014 Jeep Wrangler Unlimited Rubicon - "Battle Born"
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02-20-2018, 09:58 PM
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#12
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Registered User
Join Date: Oct 2016
Posts: 3,026
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Quote:
Originally Posted by Crasher
The slot machines in Casinos are set to pay out 90-95% of what they take in. With that, more people lose what they put in than the few that win. They are a great profit center for them. An extended service contract is about the same thing. It's a great profit center for the companies issuing them. That tells me they pay out a lot less them they take in. Some are going to "win" but more are going to "lose". How lucky are you at the slot machines? Or are you someone that knows the odds and keeps his money in the bank? I've played the slots and won some, but lost more. I've never bought a service contract and figure I'm ahead in the game.
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Of course the insurance companies have actuaries to figure all that out. And they're in business to provide a service and make a profit. I'm definitely not ahead after paying for home insurance for the past 30 plus years. How about you? But I bet you paid it.
One thing is for sure, if you own a motorhome you're going to have problems with it. It's all a matter of what level of risk each of us is comfortable with. Fortunately there is a choice to be had.
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02-20-2018, 10:05 PM
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#13
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Senior Member
Winnebago Owners Club Workhorse Chassis Owner
Join Date: Aug 2007
Location: Sonoma County, CA
Posts: 6,393
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Quote:
Originally Posted by RVPioneer
Of course the insurance companies have actuaries to figure all that out. And they're in business to provide a service and make a profit. I'm definitely not ahead after paying for home insurance for the past 30 plus years. How about you? But I bet you paid it.
One thing is for sure, if you own a motorhome you're going to have problems with it. It's all a matter of what level of risk each of us is comfortable with. Fortunately there is a choice to be had.
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Every insurance company in business makes a profit, otherwise they wouldn't be in business.
I am on my second policy, 1st one paid over 4 times what I paid for it. This is is at thew break even point with 6 months left to go.
__________________
Wayne & Roberta
08 Winnebago Destination 39W Gas UFO Workhorse Chassis......It's really weird being the same age as old people. I thought getting old would take much longer.
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02-20-2018, 10:19 PM
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#14
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Senior Member
Excel Owners Club Winnebago Owners Club Ford Super Duty Owner
Join Date: Aug 2014
Location: Santa Fe, NM
Posts: 6,777
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Its totally about risk comfort levels and what you can afford out of pocket. As a DIY type I can repair most things that break, not much on my rig so far. What I've read is that the deductable is about the same as the cost of the failed component. What others have said about labor costs is so true, my sister has a Class A and wow are those service bills high.
I guess if you don't know the difference between left and right handed spanners you might need a service contract of some type. But, read, read and read some more and check the reviews on the company. They are all out to make a profit and they will at your expense in most cases, exactly like the slots.
I say if you buy and RV, you need to be able to afford the purchase, an equal amount for repairs and another equal amount to use and operate it.
Have fun and be safe....
__________________
Fred & Denise (RVM157) New Mexico
2007 Excel Classic 30RSO & Coach House 272XL E450
2007 RAM 3500, Diesel, 6Spd Auto, SWD, 4x4, CC & LB
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