Originally Posted by ddelman
I am looking at different extended warranties for my new Diesel Pusher motorhome. Does anyone have comments about Route 66 extended warranty insurance?
Are you a gambler Sir? That is, do you go to casinos? Do you play the card game or, just the slots? You see, When you gamble, you're hoping that the "small" amount you insert into the slot machine is going to "Pay off" in a big way. Well, the house is "betting" you'll loose that small amount and they won't have to "Pay off".
You see, I look at those extended warranties as just like gambling. You're hoping the small amount (sort of) that you'll pay for that E\W will pay off "When" something rather large breaks or goes bad and the company has to pay for it to be replaced or repaired. And of course, they're hoping for the opposite, that they'll NEVER have to pay for anything while the warranty is in existence.
There are lots of folks out there that have had success with the "gambling" and won, in terms of using the E/W that is. But, there are countless folks that have paid that price and never used it. I have read many, many forums and threads on this very subject and from what I recall, the majority will tell you to save the same amount that you'd be paying for that warranty in a separate account and maybe even with some small growth (real small in todays markets) you'll be able to use it if and when the time comes.
But, if that time never comes, you'll still have the MONEY, NOT THEM!!!! This is only suggestion here. You'll have to determine if it's of value to you to take the gamble.