Im on my second Harley have never got the extended warranty for all the reasons stated above.

I ride about 15,000 miles per year and so I do buy the service plan. I come out way ahead even if i just keep the bike two years (the service plan is for three).

Toad

 

Don't buy it, it's a waste of money.
The people or company that is selling these warranties are winning more often than they are loosing or they wouldn't be offering it.
Do the math, it's nothing more than a profit center for the dealer.

 

I forgot to tell you this one.

I also have the dealer finance it because they are much more willing to bargain as they make $ on the financing as well. That way I get the service deal for $1300 rather thab $1500. I then pay the loan off within a couple of weeks with a home equity loan-----less interest than Eaglemark and also deductable interesst.

Toda

 

In my case, I went for the extended warranty and I did it for peace of mind.

I not only use my bike on a daily basis for commuting. But my wife and I enjoy it for many hours and miles on weekend jaunts. We also relax by taking it on numerous vacations throughout the year. The last thing I want is to have the misfortune of a break down on a vacation. Not to mention, being at the mercy of an out of state dealer. With the extended warranty, the dealer has to convince Harley (not to me) of their diagnostic prowness and repair recommendations. All I would have to shell out is a $50 deductible. I don't have to worry about credit limits, wiring money, motel or vehicle rentals.

The only warranty work that I have had done to date, was a stripped shifter spline. This occured 400 miles from home and was readily fixed. It did not require any overnite accomodations or car/bike rental. But if it did, the insurance would have covered them as well.

The peace of mind doesn't only come into play when we're on the road, but is also present even while on home ground. If my bike breaks ....I've already paid to get it fixed!!! It will not sit in my garage for weeks or months gathering dust until I GET AROUND to bringing it to the dealer. It will be there lickity split cause I know whatever the problem it will cost me $50 to have it fixed.

Plus, I would like to think that with the extended warranty being in place, my bike would sell faster and for more money if I were to put it up for sale. Thta's one of the things that push me to buy a brand new bike. Now, I can sell a used bike with MORE of a waranty than a new bike has. Not that I'm going to selll my bike anyway.

However, I would not have bought the insurance if my bike was garage jewelry. I use it and the warranty is just another tool in my tool kit. If I don't have to use it so be it. I hope I don't have to use my tire plugging gear, I guess I bought that for peace of mind too.

As for the argument that the dealer makes a bundle of money on the extended waranty....WHAT IN GOD'S CREATION doesn't a Harley dealer make an exorbitant profit on? Of course, this is a calculated risk stacked in the dealers favor, and so is Las Vegas. I've lost money in the casinos as well as the Harley dealers. In my view it's money well spent. How much peace of mind do you get from $1,900.00 worth of chrome???

Well, That's the way I see it anyway!

 

Same here when I bought '04 EGC and when I traded for the '07 EGC I have now. The interest rate drop paid for the extended warranty. Since I am high mileage rider(well, I think I am - 69K miles in 5 yrs.) I got it for piece of mind(mine).

 

[sm=exactly.gif] what clampless said. Everything they try to sell you at the financing part of the deal are high profit items for the stealer, and remember you can buy the MOCO extended warranty all the way up to the end of your 2 year warranty. If you really want any of their extended stuff just keep telling them NO and they will come back with lower prices on all of it.

 

I've only needed the extended warranty on a laptop and didn't purchase it. They gave me a 100,000 mile warranty on my Diesel F250 and I'm already at 70,000 miles and haven't needed it yet. I guess it's piece of mind but I don't think I would buy it, at least not until I used the bike a while. If it has a lot of warranty issues during the first 2 years then you should buy it before the factory warranty runs out. Just buy the bike and enjoy it.

 

I've had my 03 FLHR for 4 years (anniversary this month). I have spent a ton of money on it., but nothing on repairs. Only chrome, maintainance and fun stuff. IMHO, the extended warranty is not worth it.

 

Actually you are confusing the two. There is the extended warranty, adn then there is a service contract. Typically the service contract is pre-set for 2-3 years, and it covers various levels of maintenence. Essentialy pre-paying for the required maintenences and such. Are they worth it? Depends I suppose. For someone who either doesn't have the skill nor inclination to do their own work, maybe. I had one on my Lowrider, paid about $1200 for 3 years of dealer maintenence, every 2500 miles. Even at 2 a year it's not a bad deal.

I don't have a service plan on my Glide.

 

Statistics show that extended warranties are a waste of money unless you are one of the few unlucky customers who get a bad apple and have to use it. Fortunately, the factory warranty is long enough that any problems should work their way to the surface within that duration. If the dealer lost money on the warranties they wouldn't be offered. That's my .02 and I'm sticking to it.