Really on the fence for buying Extended Warranty
#11
First off, if you call Jim Palmer @ Kutter HD, you'll be able to take a huge chunk off of that price.
For me, the ESP on a newer Ultra is no brainer. Just too many things to go wrong on these newer bikes...... and things are going wrong. For me, I've had issues with the IPB, Wheel bearings, comp...plus a hodgepodge of minor electrical and stereo issues. The ESP is mostly paid for itself and I still have 4 years left. By the end of my ESP my bike should have somewhere around 70K on it. I'm betting that the ESP will more than pay for itself.
Also, I'm lucky in that I don't get any BS from my local dealer, Sound HD. They basically have the attititude of "Just ride it and if something breaks, we'll fix it."
For me, the ESP on a newer Ultra is no brainer. Just too many things to go wrong on these newer bikes...... and things are going wrong. For me, I've had issues with the IPB, Wheel bearings, comp...plus a hodgepodge of minor electrical and stereo issues. The ESP is mostly paid for itself and I still have 4 years left. By the end of my ESP my bike should have somewhere around 70K on it. I'm betting that the ESP will more than pay for itself.
Also, I'm lucky in that I don't get any BS from my local dealer, Sound HD. They basically have the attititude of "Just ride it and if something breaks, we'll fix it."
#12
#13
If extended warranties were not money makers for the companies offering them, they would not be available.
#14
Shop that price around, I just paid $1450 plus $209 for the tire and wheel on the same bike for the same 7 year here in Columbus, Ohio
PM me actualy I will give you the ladies name and number at the local dealer
My 09 I traded in lost a lifter at 29k, grenaded the entire motor at 2 years and 4 months old. If I hadnt bought the extended coverage, I would have been out $7500. It saved me, and thats why I bought it again on my new bike.
Its worth it, especially on the touring bikes. Buy it, but shop that price
PM me actualy I will give you the ladies name and number at the local dealer
My 09 I traded in lost a lifter at 29k, grenaded the entire motor at 2 years and 4 months old. If I hadnt bought the extended coverage, I would have been out $7500. It saved me, and thats why I bought it again on my new bike.
Its worth it, especially on the touring bikes. Buy it, but shop that price
#15
the big thing to look at are the exclusions.
many of the common mods that riders do, void the typical extended warranty- you have to read through the contract carefully ( and most contracts are not available to review until you are sitting in their office with your check book) talking about pipes, cams, tuners etc.
- if you are bound to keep your bike factory stock and are able to document all service intervals this could be a good idea
the warranties, while often sold through H-D dealerships are 3rd party...so what happens if they go out of business.
and who provides warranty repair services...what happens if you are 2000 miles from home?
just a couple of things to think about
that $2600 is a fair chunk of change
mike
many of the common mods that riders do, void the typical extended warranty- you have to read through the contract carefully ( and most contracts are not available to review until you are sitting in their office with your check book) talking about pipes, cams, tuners etc.
- if you are bound to keep your bike factory stock and are able to document all service intervals this could be a good idea
the warranties, while often sold through H-D dealerships are 3rd party...so what happens if they go out of business.
and who provides warranty repair services...what happens if you are 2000 miles from home?
just a couple of things to think about
that $2600 is a fair chunk of change
mike
I once did a college research paper on extended warranties. This was several years ago when they first started offering them on electronic items. I was curious why so many retailers were pushing you to buy these new extended warranties. After a lot of research and interviews, the reason became very clear. In the electronics industry, retailers pay out 6 cents for every dollar taken in for an extended warranty. With those odds, that’s a huge profit margin for them. It’s also why the extended warranty is now offered for just about every product ever sold. Again, this is only representative of the electronics industry and has nothing to do with motorcycles. But it does hint at the odds of failure. Like everything else in life, you have do your own risk analysis and determine where you are comfortable. Extended warranties are nice when you really need them, but the odds of needing it during its coverage period are still fairly low IMO. I usually don't buy them.
I just went through the same thing and ultimately decided to purchase one. I have ABS and with all of the electronics on the new bikes I decided it was a gamble I was willing to take for the peace of mind not needing to worry about things. Even if you are a decent wrench, you still have to factor in your time, tools and replacement parts you would have to buy. I honestly was less concerned about the mechanical and more concerned about electrical.
I know it is a tough decision - good luck. But do shop around - Jim at Kutter's HD offers some good deals.
I know it is a tough decision - good luck. But do shop around - Jim at Kutter's HD offers some good deals.
First off, if you call Jim Palmer @ Kutter HD, you'll be able to take a huge chunk off of that price.
For me, the ESP on a newer Ultra is no brainer. Just too many things to go wrong on these newer bikes...... and things are going wrong. For me, I've had issues with the IPB, Wheel bearings, comp...plus a hodgepodge of minor electrical and stereo issues. The ESP is mostly paid for itself and I still have 4 years left. By the end of my ESP my bike should have somewhere around 70K on it. I'm betting that the ESP will more than pay for itself.
Also, I'm lucky in that I don't get any BS from my local dealer, Sound HD. They basically have the attititude of "Just ride it and if something breaks, we'll fix it."
For me, the ESP on a newer Ultra is no brainer. Just too many things to go wrong on these newer bikes...... and things are going wrong. For me, I've had issues with the IPB, Wheel bearings, comp...plus a hodgepodge of minor electrical and stereo issues. The ESP is mostly paid for itself and I still have 4 years left. By the end of my ESP my bike should have somewhere around 70K on it. I'm betting that the ESP will more than pay for itself.
Also, I'm lucky in that I don't get any BS from my local dealer, Sound HD. They basically have the attititude of "Just ride it and if something breaks, we'll fix it."
Shop that price around, I just paid $1450 plus $209 for the tire and wheel on the same bike for the same 7 year here in Columbus, Ohio
PM me actualy I will give you the ladies name and number at the local dealer
My 09 I traded in lost a lifter at 29k, grenaded the entire motor at 2 years and 4 months old. If I hadnt bought the extended coverage, I would have been out $7500. It saved me, and thats why I bought it again on my new bike.
Its worth it, especially on the touring bikes. Buy it, but shop that price
PM me actualy I will give you the ladies name and number at the local dealer
My 09 I traded in lost a lifter at 29k, grenaded the entire motor at 2 years and 4 months old. If I hadnt bought the extended coverage, I would have been out $7500. It saved me, and thats why I bought it again on my new bike.
Its worth it, especially on the touring bikes. Buy it, but shop that price
#16
The cost of an extended warranty is a high dollar problem. That's like buying a bike straight off the showroom floor with a guaranteed $1500 problem.
Last edited by jjnoble; 08-04-2012 at 07:03 PM.
#17
mine is not stock but is the way I bought it used , cost me $50 for a $3500 motor rebuild when my crank sizzored , have it on both my bikes and going to renew it although never used it on the wifes bike but still money ahead , I don't get the tire & wheel because my ins co covers them it I hit a pot hole or some thing and damage the wheel
#18
It's extraordinarily unlikely that you will recoup the cost of the extended warranty in repairs. They are structured that way and that is why the dealer (and every manufacturer of every other product on the planet) now pushes them hard. It is simply extra profit for the dealer. I ALWAYS turn them down.
#19
#20