Quote:
Originally Posted by nosticks
Don't forget, the payoff amount includes the purchase price of the extended warranty which you imbedded in the finance amount at time of purchase on which you have only been paying the extra $52.27 for the last 60 months. The $52.27 was based on the unrealistic assumption that you would keep your new RV for 20 years.
|
The worse thing you can do is include some expensive extended warranty in the financing of an RV. First of all I would act like you are totally against any type of extended warranties until you have finalized the deal and ready to sign. Then slam the brakes on the whole deal and have your better half insist on getting an extended warranty free or you walk.
We didn't get it totally free but we certainly got it marked down, plus we paid cash for it. Kept the Challenger for 18 months before trading and got 1/2 of our money back from the 3 year warranty. We negotiated a similar extended with the next coach and rolled the money over into the new 5 year deal, again we did not include it in the financing.
You can put $3,000 or even $3,500 in a savings account, draw your 2% or 3% interest and at the end of 5 years you may have up close to $4,000. Of course if any of those $2,000 or $3,000 systems go bad, then you may need to add to the maintenance/repair account. It is a gamble either way.
Just look at your individual RV you are purchasing. How complicated or how simple is it? Consider things like the fail rate of different systems. How about if that big new frig has to be replaced does the whole windshield have to be removed to exchange it? How you use your RV should also be taken into account before jumping on an extended warranty. Do you use it just locally in the summer and then store it inside all winter, or are you full time and drive/pull it around the country 15,000 miles a year?
Thor Forums
