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Thread: Extended Warranties
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09-27-2021, 09:37 AM #1
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Extended Warranties
We just bought a 2022 Grand Design 390RK-R model. The dealer wants us to buy their extra warranty, Its around $13,000 Has anyone bought this? What are your thoughts on this? Thanks
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09-27-2021, 09:55 AM #2
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$13,000? That's CRAZY expensive!!! They usually run under $2,000. If you use the search function on the forum, you'll find many, many threads on this topic.
My wife found a very good description of extended service plans a while back (they are not warranties, but rather insurance policies with lots of fine print). They are another form of legalized gambling. The company is betting that nothing breaks that would cause them to pay out more than you paid for the policy; you're betting it will. As in all forms of legalized gambling, the house usually wins. Otherwise, these companies wouldn't be in business or make a profit.
Dave Ramsey and Clark Howard have commented on these plans many times, too. The standard seems to be that 80% of extended service plan revenue goes toward commissions and marketing. Only 20% goes toward paying for actual repairs, which means most people are getting a really bad deal. We prefer to set money aside regularly (earning interest) and pay for repairs as they come up.
BTW - welcome to the forum! You can create a signature block with your RV and tow vehicle information (see mine below). That way you won't have to repeat that information whenever you post or ask a question - and others won't have to ask. You can create a signature by going to:
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RobU.S. Army Retired
2012 F350 DRW CC LB Lariat PS 6.7
2020 Solitude 310GK-R, MORryde IS, disc brakes,
Sailun LRG tires, solar, DP windows, W/D
(Previously in a Reflection 337RLS)
Full time since 08/2015
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09-27-2021, 12:12 PM #3
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Surely he meant $1,300 and not $13,000. Right?
Sent from my SM-P610 using TapatalkSteph & Lise
2019 F150 Lariat 2.7 EB
2020 Imagine XLS 22MLE
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09-27-2021, 12:20 PM #4
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CRAZY!!!! Definitely search the forum for previous discussion threads on the this topic. If it truly is $13,000 that is ridiculous. We said NO to everything but the purchase of the trailer. We purchased no extra packages or coverages.
If you are concerned about the trailer and potential failures and repairs and cannot make some repairs yourself, and really do want an extended coverage plan, you need to look elsewhere for extended coverage. Previous threads discuss what others have paid and for what coverage. No where near that amount.Mike & Lisa
Central Florida
2021 Imagine 2970RL
1996 Chevy K3500 Crew SRW 7.4L Gas
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09-27-2021, 04:07 PM #5
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09-27-2021, 07:35 PM #6
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These service plans / extended warrenties are against you. Difficult to get any claim approved. Always some small print.
Take the money and put it into an seperate account.
If something breaks then draw on it, if nothing breaks you havent lost anything.2020 Grand Design Reflection 303RLS 5th Wheel
2013 Ford F250 Super Duty, King Ranch, 6.7 Diesel, HD Tow Package
B&W Companion Slider RVK3405
Timbren Rear Suspension Enhancement System R250SDG
Titan 50 Gallon Fuel Tank
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09-28-2021, 05:36 AM #7
Lesson Learned
Today, 09:39 AM in It happened to me!!!