Harley extended warranty??
#31
06-06-2013, 07:19 PM
The EW paid off for you. But what kind of electrical issue could possibly cost over $5,000.00? Did they have to rewire the entire bike?
#32
06-06-2013, 07:23 PM
Grand HDF Member
I plan on purchasing the 7 year extended warranty, including the tire/wheel plan no later than September.
The way I see it, it's an exceptionally good plan for those who will ride a lot of miles in those extra last 5 years.
I usually keep my bikes a long time and I'd hate to not buy the extended coverage and then blow and engine, or a tranny (done that before) in year 6 or 7 and have to pay for the parts and labor out of my very flat wallet!
If you can do without it, you're definitely money ahead and most financial "experts" are usually against these plans, but they won't be the ones sitting on a broken down bike several hundred miles away from home.
The way I see it, it's an exceptionally good plan for those who will ride a lot of miles in those extra last 5 years.
I usually keep my bikes a long time and I'd hate to not buy the extended coverage and then blow and engine, or a tranny (done that before) in year 6 or 7 and have to pay for the parts and labor out of my very flat wallet!
If you can do without it, you're definitely money ahead and most financial "experts" are usually against these plans, but they won't be the ones sitting on a broken down bike several hundred miles away from home.
#36
06-06-2013, 07:56 PM
Elite HDF Member
I'm not a real big fan of extended warranties on anything, but I bought a 3-yr warranty on my '07 FLSTN when I purchased it last November since I didn't know for sure the bike's history. A few days ago, the bike suddenly developed an oil leak. I got it back from the dealer today, leaking oil seal in primary, changed seal in transmission also. I don't know what the exact bill would have been, probably $500-$700 (or more), cost me $50, so I figure I saved about half the cost of the warranty on this repair. Your money, your choice...
#37
06-06-2013, 08:01 PM
for your service. You can either have an independent do the service or you can do them yourself, but you need to keep all your receipts of the supplies and make note of the dates of when you did the service and sign them. As far as aftermarket stuff goes, the only time you can be refused warranty is if the aftermarket stuff you installed caused the problem.
If you install a set of pipes that are not EPA compliant, your bike can be turned away for any repairs. It will really depend on who is doing the estimate.
All you have to do is call the number on your warranty and ask if your planned mods will be covered. The only EPA complaint cam to install on a 103 is the SE255.
#38
06-06-2013, 08:03 PM
No. Put the money in savings. A new 103 is $4000.00. After you put the the money in savings, just add 100.00 per month to it. In seven years that's $8,400.00. Now if during that time you have a break down you have the money to fix about anything. Your chances of that are slim if you take care of your bike. I'll bet for every ten Harleys that have the extended warranty, maybe one uses it. Now you will get guys on here who will swear you have to have it cause they needed it. My thought is if Harley needs to sell a warranty, then their bike is not worth what they are asking for them and you should go buy a Honda. Now for the initial $2,500 bucks they want for the warranty, I'd sooner put it towards the principle of your loan if you financed. Just some thoughts.
#39
06-06-2013, 08:20 PM
Grand HDF Member
HD only makes money on a licensing fee. Continental Casualty (an aftermarket extended warranty company) is the actual provider of the extended service agreement.
#40
06-06-2013, 10:32 PM
Let’s say your new Harley will be 99.9% reliable. Therefore, the likelihood of breakdown is .01%
99.9% reliability = .001
You keep your bike for 5 years (5 yrs x 365 = 1,825 + 1 leap day = 1,826)
1,826 x .001 = 1.826 days likely breakdown --- Call it 2 days over 5 years
2 days = 8 x 2 = 16 hours labor
Service time – hourly rate $110 x labor hours 16 = $1760 labor
(that’s now – what about in 5 years??)
Parts cost – general rule, parts are 1.25 – 1.5 times per 1 hour labor – let’s just use 1 to 1 - $1760 parts
$1760 labor + $1760 parts = $3520
Even if you do the labor yourself, you are still looking at $1760
I paid $1650 for an additional 5 years plus wheel and tire coverage. Today I took my bike in for it's 25,000 mile service. In addition, they replaced warped rotors, replaced the broken cruise control switch, and took care of a transmission door leak. The additional work represented a savings in parts and labor of $850 to me and I still have 4 years of coverage remaining.
Doesn't seem like much of a gamble to me, more like a sure thing.
99.9% reliability = .001
You keep your bike for 5 years (5 yrs x 365 = 1,825 + 1 leap day = 1,826)
1,826 x .001 = 1.826 days likely breakdown --- Call it 2 days over 5 years
2 days = 8 x 2 = 16 hours labor
Service time – hourly rate $110 x labor hours 16 = $1760 labor
(that’s now – what about in 5 years??)
Parts cost – general rule, parts are 1.25 – 1.5 times per 1 hour labor – let’s just use 1 to 1 - $1760 parts
$1760 labor + $1760 parts = $3520
Even if you do the labor yourself, you are still looking at $1760
I paid $1650 for an additional 5 years plus wheel and tire coverage. Today I took my bike in for it's 25,000 mile service. In addition, they replaced warped rotors, replaced the broken cruise control switch, and took care of a transmission door leak. The additional work represented a savings in parts and labor of $850 to me and I still have 4 years of coverage remaining.
Doesn't seem like much of a gamble to me, more like a sure thing.