Factory warranty ends today
#1
03-31-2009, 05:20 PM
Factory warranty ends today
My factory warranty runs out today. I’m going to take a chance and not buy the extended warranty. They wanted from $759 for 1 year to $1644 for 5 years. On my 07 Heritage
#2
03-31-2009, 06:02 PM
Good luck. I hope it turns out to be a good decision for you.
Several months ago, I purchased a used 2005 FLHTCI from a local dealer and bought the 4 year extended warranty for about $1,600. While I may never need the warranty, it will nevertheless provide me some peace of mind with regard to expensive repairs. Also, if I should decide to sell the bike within that 4 years, I'm sure that it would increase the price I could get for the bike since the warranty is transferrable.
Several months ago, I purchased a used 2005 FLHTCI from a local dealer and bought the 4 year extended warranty for about $1,600. While I may never need the warranty, it will nevertheless provide me some peace of mind with regard to expensive repairs. Also, if I should decide to sell the bike within that 4 years, I'm sure that it would increase the price I could get for the bike since the warranty is transferrable.
#3
03-31-2009, 06:26 PM
Stellar HDF Member
#4
03-31-2009, 06:31 PM
Ultimate HDF Member
Extended warranties are a waste of money. Unless you get really unlucky.
I take the advice of every consumer advocate source I've ever read and don't buy extended warranties on any products.
I take the advice of every consumer advocate source I've ever read and don't buy extended warranties on any products.
#7
03-31-2009, 06:52 PM
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#10
03-31-2009, 08:10 PM
I think that the situation regarding extended warranties is a little different for a person who bought the bike new versus a person (like me) who bought a bike that was 4 years old and had 23,000 miles on it.
In my situation, for $1,600 I was able to get FOUR YEARS of warranty which is twice as long as a new bike warranty while letting someone else (the previous owner) take the big hit on depreciation.
So, in effect, I got the bike at used bike prices (plus $1,600) and got a warranty that was twice as long as a NEW bike warranty. I would have had to pay about $8,000 to $10,000 more for a comparable new bike and would have received only one-half as much warranty.
In my situation, for $1,600 I was able to get FOUR YEARS of warranty which is twice as long as a new bike warranty while letting someone else (the previous owner) take the big hit on depreciation.
So, in effect, I got the bike at used bike prices (plus $1,600) and got a warranty that was twice as long as a NEW bike warranty. I would have had to pay about $8,000 to $10,000 more for a comparable new bike and would have received only one-half as much warranty.