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Buying Used Bike with Extended Warranty?

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  #1  
Old 03-15-2011 | 01:57 PM
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Default Buying Used Bike with Extended Warranty?

I have located a very clean 2009 model that has the Extended Warranty. The standard 2 year warranty expired in February 2011. Owner says I can "buy" the Extended Warranty (a transfer to me) for what he will get refunded to him. $800 bucks. My only concern is that this bike has less than 3K miles on it so nothing has failed on it that potentially COULD fail once I start putting the miles on it. I have read all the arguments in favor of extended warranties or against extended warranties but in this case its a little different in that the bike virtually has no miles on it. Personally I have always held that if anything is gonna fail it will most likely happen in the first two years so I have never bought the extended warranty on new bikes that I have bought. I know some of you will feel differently about this philosophy and thats cool too. Just would like to hear opinions on paying the extra $800 for the sense of security. Seller wont budge on the "price" of the warranty since Dealer is going to refund him the $800. Refuses to negoiate the price of the bike with the warranty included. I am happy with the selling price of the bike without the warranty but just cant decide to pop for the warranty. Thoughts?
 
  #2  
Old 03-15-2011 | 02:34 PM
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Personally, many times those extended warranties are barely worth the paper they are printed on. I trust my self as a mechanic more than I trust the dealer. I'd say forgo the warranty.

If you want the warranty, ask to see the details. What does it cover? What DOESN'T it cover? Does it have a deductable and if so how much is it?
 
  #3  
Old 03-15-2011 | 02:45 PM
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Robo, its the standard Extended Warranty offered by Harley Davidson good at any Dealership. Its not an extended maintenance plan. While Harley markets it as a 5 Year Extended Warranty, its really only 3 additional years beyond the standard 2 year warranty that comes with a new bike.....it would cover the bike in all regards just like the original 2 year warranty for the next 3 years.
 
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Old 03-15-2011 | 02:52 PM
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800 bucks? I would go ahead...all it would take is one major problem to more than pay for itself. I had one on a previous bike and sure enough during year 3 it more than paid for itself.
 
  #5  
Old 03-15-2011 | 02:52 PM
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New bike with extended warranty...no but a used bike with one for $800 yes I would spring for it and have peace of mind.
 
  #6  
Old 03-15-2011 | 03:01 PM
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$800 is probably the cheapest you're going to see for 2+ years of warranty coverage...so if it's ligit HD extended warranty - I'd do it.
 
  #7  
Old 03-15-2011 | 03:14 PM
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I didn't see where the OP stated length of ext. wty which is really extended service. Be sure it is a Harley policy not Joe Smo policy. Did he buy the optional Tire and Wheel coverage? If so I would spend the $800.00 on it if it is for an additional 5 years but it sounds like it might be three. Understand there is a $50.00 deductable. If your going to put a bunch of miles on it would be another consideration.
 
  #8  
Old 03-15-2011 | 03:29 PM
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ProStar, yes, it does include Tire&wheel coverage and its a legit Harley Extended Warranty not a maintenance package.....as I said previously it was sold with the bike when new as an Extended Warranty for 5 years but they start the Extended Warranty period on Day One so really you are only extending for 3.....sounds confusing I know but that is the way Harley sells it.
 
  #9  
Old 03-15-2011 | 05:05 PM
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It can be extended out to a full 5yrs beyond the 2year warranty and at the end of that time depending on milage of the bike extended again.
 
  #10  
Old 03-15-2011 | 06:31 PM
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Get the seller to throw it in to seal the deal.
 



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