TrailManor Owner's Forum  

Go Back   TrailManor Owner's Forum > TrailManor Owners Community > Prospective Owner Questions
Register FAQ Members List Calendar Mark Forums Read

Reply
 
Thread Tools Display Modes
Old 02-23-2008, 10:14 AM   #1
rarin2go
Guest
 
Posts: n/a
Default Extended

Soon to be new owner.An extended warranty for five years,at a cost in
the range of $1200.00 was mentioned.I am not a big fan of these.
Any help.
rarin2go 2-23-2008
  Reply With Quote
Old 02-23-2008, 12:52 PM   #2
TraceyMac
Guest
 
Posts: n/a
Default Extended Warranties

This gets to be a personal decision, but since you asked, I will share my philosophy on extended warranties. In general, the company who is selling the warranty will be making money on them - otherwise they wouldn't do it. So, for the average person, you will lose money on it. Does that mean don't do it - it depends. The same logic holds true for something like home insurance - the average owner will lose money, but we all do it because the value of the potential loss is way more than we can stand to lose. So should you do it for your TM - my logic says no, if you can afford to cover whatever might fail that is covered by the warranty, if you can't afford to cover the potential loss, then the insurance might make sense - although I have a hard time thinking of any likely failure in the TM that would cost $1200 to replace. Hope my logic makes sense to at least some of you
  Reply With Quote
Old 02-23-2008, 01:54 PM   #3
Bill
Site Team
 
Bill's Avatar
 
Join Date: Feb 2003
Location: The mountains of Scottsdale, AZ, and the beaches of Maine
Posts: 10,088
Default

I share Tracey's thought, with a few extensions.
First, the TM is made up of two parts - the frame/axle/walls/roof, and the appliances. It is unlikely that there will be a failure in the first, because the parts are generally pretty rugged and not very complicated. A big event, such as crash, will be covered by your car insurance or a policy that you buy from (probably) your car insurance company. So an extended warranty, even if it covers those things, won't buy you much.

A failure in the appliances is more likely. They carry their own individual warranties from their manufacturer, which generally last from 1 to 3 years. During that time, an extended warranty won't do a thing for you, because the manufacturer's warranty takes precedence.

If there is a failure in the time beyond the manufacturer's warranty, that's when an extended warranty might kick in (you need to understand the fine print in detail). RV appliances are expensive, but $1200 will buy a lot of brand new appliances. In other words, it would pay for itself only if you had multiple (probably 3 or more) catastrophic failures during that time. That is certainly possible, but I think highly unusual.

Also to be considered - if the refrigerator, for example, fails during year 4, will the extended warranty pay for a brand new refrigerator (about $400)? Or will it pay only some depreciated value (much less than $400)? Read your fine print!

Finally, Good Sam seems to have a comprehensive extended warranty called Continuing Service Plan which, if I recall, pays full repair or replacement cost, at about the same cost. I don't have it because I, too, am skeptical about these things. But you might look into it, just to compare.

Bill
__________________
2020 2720QS (aka 2720SL)
2014 Ford F-150 4WD 5.0L
Bill's Tech Stuff album
Bill is offline   Reply With Quote
Old 02-23-2008, 09:43 PM   #4
fcatwo
Site Sponsor
 
Join Date: Oct 2003
Location: Anacortes. Wa
Posts: 396
Default

I've read that the dealer usually gets a 50% sales commission of whatever we pay for an extended warranty. They have good reason to push them so hard -- especially if you've negotiated a low-profit deal on whatever you bought.
__________________
Frank
Former 2002 TM2619 Owner
2005 Toyota Tundra AC 4X2
fcatwo is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 04:34 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Copyright 2022 Trailmanor Owners Page.