Extended warranty....to buy or not to buy?

[SttRVr]

We just made a purchase of the last 2014 model Gulfstream 25BHS (bunks/1 slide) at a dealership that's aprox 1.5 hrs away. As usual the dealership is asking if we want the extended warranty. We know others who bought a new trailer recently and turned it down. My trailer has power options like the slide and awning and I'm curious as to what others think about the extended warranties.

[450Donn]

Huge profit for the dealer. Usually in the range of 70% of what you pay is profit. The rest a waste of money

[Ted Lambert]

Originally Posted by 450Donn

Huge profit for the dealer. Usually in the range of 70% of what you pay is profit. The rest a waste of money

Could not agree more!

[dcarver]

We bought it... 5yrs and covers everything.

[tuffr2]

I bought a Honda sponsored warranty once. Bumper to bumper. A seat mechanism broke. ..guess what, that was not covered. After I calmed down I showed bumper to bumper writing on my warranty. They double checked...not covered.

So that was my last Honda.

Typically warranties are not worth the paper they are written on is my experience.

[capt.randy]

Read the fine print and ask for a list of covered items. Extended warranties are not warranties as such they are insurance policies and typically only cover mechanical failures and some electrical but never any type of trim items

[jjvallee]

I spoke to a Forest River Factory Rep. at an RV show. Although he admitted to how "cheaply" trailers are made; even he said that extended warranties are a waste of money. If there is a problem it will surface in the first year. Your probably going to use it most that first year for any issue to surface. Even though the one year warranty is up, most major items are actually covered by their own warranty. For example the a/c, furnace, water heater all have their own warranty that is longer than a year. Long story short...put the money in a saving account and watch it grow. Then knock on wood every year that you don't touch it.

[sprayman]

on average most do not use anywhere the cost of the warranty

waste if money.

Jim

[Monacoach]

People claim that the extended warranty is a waste of money without asking the cost because they simply hate warranties. You may pay 2000 for the warranty and have claims over 5000 and people who hate warranties will still say " waste of money" . How much is the ext warranty?
Some people have claims that far exceed the warranty cost and some have no claims but still enjoy the piece of mind. If I paid 6000 for an ext warranty and had no claims during the covered period I would be happy. Others will say " waste of money" we had an extended warranty on our coach that expired last summer. We were thinking of selling so passed on renewal of the ex warr.