Extended warranty. Yes or No? Which one?

[RG0403]

Hello all. In the process of buying used DP. Question to all is should I invest in extended warranty or are they not all they say they are? Which ones you know about or have / had. Worth it or not.

[450Donn]

Extended warranties are you betting against the mechanical stability of the MH. Personally if I had the cash to buy a pusher I would place about 10% of the purchase price in a bank account to pay for breakdowns. If you look closely at the policies there are so many exclusions to make them almost worthless.

[MSHappyCampers]

I have never been a fan of extended warranties on RV's . I think, that in most cases, you will be better off putting that same amount of money into a special bank account to be used only for repairs! JMHO

[Mr_D]

First off they are not a "warranty" under Federal law unless purchased direct from the vehicle manufacturer. They are a service contract and are written by attorneys to make money for the seller and issuing company. Think of them as insurance that may or may not be useful.
There was one case on this forum where an owner had a transmission failure. The warranty administrator asked for service records as per the contract. The owner had missed an engine oil change by 500 miles so the company refused the transmission repair and refunded his money since that was cheaper for them.
We bought a used CC in 2015 and the dealer didn't have paperwork available so they sent it to the house. In the meantime we went to AZ, on they way home the engine blew. Cost us $22,000+ and no service policy. I still don't really believe in buying them though.

[RG0403]

I drive a semi and put roughly 10% into a maintenance account. I take it from what you all have said I am better to treat the rv the same way.

[Bahamaniac]

They are personal preference. Money better spent would be a full inspection by a third party inspector who is not associated with the seller.

[Crasher]

You will always have people telling of how much more they collected than what the cost was. It's just a guess on my part, but I estimate that less than 10% get more than their premium back. The selling agent gets a cut and the company makes a good profit. What's left goes into a fund to pay out to the small number of people who collect. Personally, I am many thousands of $$$$$ ahead for never having an ESP on any vehicle.

[RELHUB]

They are all JUNK
These companies are in business to make money.
When you need them they will work hard to find
any all loop holes to avoid paying your claim.

[TheWoodBoss]

I never buy a warranty. It's worked out pretty good for the past 35 years.

[GCSuper]

If you do decide to purchase one, don't do it from the selling dealer. Shop around yourself and eliminate the middle man. Otherwise, I agree with the others. In the long run its probably better financially to self insure.

[Roadmiester]

Each one is different. We got one when we bought used, the price was reasonable, it has paid for itself. We got little to no history on the motorhome, we had it inspected, a waste of money in our case due the inspector missing things, so it turned out OK for us, for others it won't work out. The insurance company will do everything they can to get out of paying for. All lot depends on the age of the motorhome and if parts are still available that may fail. In the small print there is a clause about retrofitting or modifications to make a repair. The insurance company wants it repaired/replaced "in kind". So watch for that little thing. It happened to us, but the insurance paid for half of the modifications, which I thought was either it's covered or it's not, and it should be fixed regardless. So it depends, age of the motorhome, how many onboard computer systems, any history or records, can you afford a new engine or transmission, many variables. Most likely you'll get ripped off, but you never know.

Roadmiester
09 Dynasty Regal IV
45 ft., tag axle, ISM500

[retnasaguy]

I second RELHUB!
They are all in the business to make money and as such they will provide you with the CHEAPEST repair possible(if any)
Good luck if service is needed when you are traveling.
Under NO circumstance should you purchase ESP through CW!!! Not recommended. You would be better of to save the money you would spend on premiums and put it in a repair fund.
Cheers

[Dark Sky]

I am against 'warranty' or extended service contracts, but on the occasion of buying our used DP with no personal experience I panicked and bought a 5 year plan. Halfway through the 5 years, we have recovered about 42% of the premium we paid. Now that I have significant confidence in the engine and transmission I think I'd have done better putting that money in the bank. Granted it did buy us some peace of mind.
Any chance you can get oil and transmission samples analyzed before purchase?

[Dav L]

Use Search. Discussed many a time. no new info available.