Priority RV Extended Care

[Porkchopx]

I have just purchased my first RV a 2010 Fleetwood Discovery 40x. As part of this purchase I also purchased an extended warranty for 7 years. I purchased the Platinum plan with an additional Tire and Wheel program for $9,253.

I normally do not purchase warranties on anything but of course the mechanic and sales person was stating this is a life saver on RV's.

Are class A coaches really that much of a problem with repairs?

I have 60 days to cancel the agreement for a $25 dollar fee. I would like some others opinions on warranties for coaches. Do you find it to be worth the money?

thx!

[RJay]

Hi, and welcome to the forum!

You might find this thread on extended warranties interesting.

[johnnyringo]

If you search previous posts, myself and sdennislee, with input from others as well, went through this in great detail. Off hand I think you may have paid twice what others have.

[Old Trucker]

Quote:

Originally Posted by Porkchopx I have just purchased my first RV a 2010 Fleetwood Discovery 40x. As part of this purchase I also purchased an extended warranty for 7 years. I purchased the Platinum plan with an additional Tire and Wheel program for $9,253. I normally do not purchase warranties on anything but of course the mechanic and sales person was stating this is a life saver on RV's. Are class A coaches really that much of a problem with repairs? I have 60 days to cancel the agreement for a $25 dollar fee. I would like some others opinions on warranties for coaches. Do you find it to be worth the money? thx!

Hi porkchopx, I spent many years in the auto & motorcycle business, plus 10 years in the consumer finance business. There are more loop holes than you can count in these extended warrantys.It is basically an insurance policy. It is a revenue builder for the dealership. Probably 40% commission to the dealer. I would not walk...but run to immeadiatly cancell this contract. Think about it, you have a factory warranty, so this automatically shortened up the liability time for the extended warranty. Read about any issue of any rv magazine, and you will see people having problrms with these warrantys. $9200. is ridiculus. If this is necessary, they must not have much faith in their product. As for me.. I will be self insured. I would a 99 Alpine in 12-09 it doesnt cost that much to keep them maintained. good wishes, old trucker.

[Gary RVRoamer]

If you feel you need an extended warranty, I would still cancel this one and shop around. I think you can get a good one for at least a few thousand less.

A Class A diesel has a fairly high risk of high dollar repairs, so many of us buy repair insurance "just in case". I just finished a 5 year policy and I actually came out ahead (received more in claims than I paid in premiums), but of course most people do not. It's insurance, not an investment.

[sdennislee]

Way too much. Shop it and you can deal direct rather than through the dealer. I went with CSI's best plan which also includes consequential damages, 7 years, 100,000 miles just over $4,000.00. I assume the extra 4 grand went to the dealer.

[Porkchopx]

Thanks everyone for the input. I am definitely cancelling the warranty. I am going to take the gamble of no warranty and see how I come out.

[slickest1]

You will still have you manufacturers warranty. I bought a New fifth wheel in 05 and got talked into a extended warranty for $2000. I traded back in 2 years later and it was not transferable to my new trailer or to the new owner of my old trailer. It also had no cash in value. Read the fine print, I didn't and got ripped off!

[djbmsu]

We purchased a New Tiffin Allegro RED and we purchased the extended warranty for the chassis, engine, trans and running gear only. Adding 2 years to the factory 3yr/36,000 to 5 yr/100,000 was $2,900
Don and Nancy
2011 Allegro RED
2012 Equinox
2008 Yorkie

[Fred and Bonnie]

Quote:

Originally Posted by Porkchopx Thanks everyone for the input. I am definitely cancelling the warranty. I am going to take the gamble of no warranty and see how I come out.

Porky, your coach is full of items covered by a warrenty. I have spent less than $1,000 over 7 years for unexpected repairs; you can see I would have been $$$$$ ahead.

fred

[Gary RVRoamer]

One should not expect to make money on an insurance policy - that's not what it is for. Most people will receive less than their premiums but a few will get more, perhaps much more. A diesel pusher has a lot of very expensive components, some of which can easily run several thousand dollars to repair. For that reason, this sort of coverage is worth considering. But if you can afford the $9000+ for this policy, I would suggest banking the money in a separate repair account and using it as needed.

[Mr_D]

Quote:

Originally Posted by slickest1 You will still have you manufacturers warranty. I bought a New fifth wheel in 05 and got talked into a extended warranty for $2000. I traded back in 2 years later and it was not transferable to my new trailer or to the new owner of my old trailer. It also had no cash in value. Read the fine print, I didn't and got ripped off!

Not sure you got "ripped off" if what happened was in the contract. Looks to me like you didn't read/understand the fine print. These so called "warranties" are actually an insurance policy and cover only what they say they will and nothing more.
Sometimes experience isn't cheap!
We bought one on our 2000 DSDP just because of the expense of repairs on the engine/trans. When we traded it in it wasn't transferable and had no value, just liek yours. So we "ate" the cost. Now we self insure on the 2002 and I've spent less in 9½ years than a policy would have cost and that includes coolant changes, trans fluid upgrades and filters, engine oil and filter changes, tires and alum wheels, new batteries, new shocks, topper covers, Amish cooling unit for the refer, adding a washer/dryer combo, adding a ceiling fan and upgrading the TV's.