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extended waranty, should I?

Started by OverCaffeinated, July 16, 2008, 01:22:37 PM

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ducducgooseme

When it comes to electronics, etc, I would never buy the warranty.  When it comes to Ducati, I always do.  The warranty I have on my bike covers the EXACT same items as the Ducati 2 year warranty, but for 5 years.  Given that I have already replaced the head gaskets on my 2 month old 1098, I am certain it was a good choice.
If you love your bike, set it free.
If it comes back to you, you've
probably high-sided.

OverCaffeinated

Tips from an insider, nice. I kninda already had my mind made up before I posted that unless there was a unanimous "you have to get it", I was goin to pass on it. thanks guys

Grampa

Quote from: danaid on July 16, 2008, 04:14:04 PM
I hope you did not buy that crooked contract from wilsons. They tried to sucker me into buying that warranty when I bought my 696 for an extra $1600 for three years coverage. They call it a savings based on their shop charges, which are double compared to other shops I called. 

I bought my s2r800 from them (big mistake)
nope on buy'n the service plan.... having three different employees tell me three different things was a huge red flag. I drove an exta hour up to Modesto when I got the 1098, bypassing Wilsons all together [laugh]
Gaspar, Melchior and Balthasar kicked me out of the band..... they said I didnt fit the image they were trying to project. 

So I went solo.  -Me

Some people call 911..... some people are 911
-Marcus Luttrell

corey

When all the land lays in ruin... And burnination has forsaken the countryside... Only one guy will remain... My money's on...

Howie

Think of an extended warranty as an insurance policy.  They hope to collect more than they pay out.  Most extended warranties that are not factory backed are not good.  Some of these companies fold up and disappear.

If the warranty is through DNA it is OK, but even then you have to decide if the cost is justified and if it will work for you.  First question you need to ask is how much is the deductible.  The cost of the warranty and the cost of the deductible could be used for the repair bill.  If the first repair costs $1000, the warranty costs $500 and your deductible is $500, well, that didn't work out well did it?  Then find out exactly what is covered and under what conditions.  Do they pay a decent labor rate to the dealer?  What is their reputation?  I have seen warranty companies authorize used and cheap aftermarket parts on late model vehicles.  Then, if you are a typical Monster owner you will probably modify your bike anyway, which can cause warranty problems.

Me, I would put the money in the bank and call myself self insured.  On the other hand, for someone who takes the bike to the dealer for all maintenance and repair a good warranty may be worthwhile.


DoubleEagle

I have never bought an extended warranty from a third party. Recently I inquired about ,what if I bought the cage I was leasing and bought a 7 year or 100,000 mile factory extended  warranty which was available .  Well I found out that the warranty would actually start from the day I originally leased the cage which ment I really would only be getting an additional 3 years of limited warranty coverage for one price and if I wanted a full powertrain warranty it would cost another price.

I didn't get the warrany. I leased a new cage.

I've got 4 bikes that are '07s that will go off factory warranty in '09. I don't know what I'll do. I know I need to learn how to change my own oil since I don't have more than 4200 miles on one bike , 1700 on another, 586 on another, and 7 on the 4th (I've never ridden it since it was delivered to me. It is on a battery tender under cover ).
'08 Ducati 1098 R    '09 BMW K 1300 GT   '10 BMW S 1000 RR

Shortest sentence...." I am "   Longest sentence ... " I Do "

crzyhorse

just FYI, DNA now offers a warranty called everred.

You can buy it anytime within your standard factory warranty. I was quoted $420 from my dealer for a 3 year extension, giving me a total of 5 years. My bike is about a year old now, so I have a year left on the factory warranty. Given the cost of parts for Ducati bikes, I am planning on purchasing it sometime in the next year.

MikeZ

Quote from: DoubleEagle on July 16, 2008, 09:04:12 PM
I've got 4 bikes that are '07s that will go off factory warranty in '09. I don't know what I'll do. I know I need to learn how to change my own oil since I don't have more than 4200 miles on one bike , 1700 on another, 586 on another, and 7 on the 4th (I've never ridden it since it was delivered to me. It is on a battery tender under cover ).
Threadjack.
I'm sure you can find a few willing volunteers around here to help break in those bikes you are neglecting.
'03 M1000Sie (in need of a bath), '71 Honda CB500 (the Project), '10 Tiger (the tourer)

MendoDave

Quote from: DoubleEagle on July 16, 2008, 09:04:12 PM


I've got 4 bikes that are '07s that will go off factory warranty in '09. I don't know what I'll do. I know I need to learn how to change my own oil since I don't have more than 4200 miles on one bike , 1700 on another, 586 on another, and 7 on the 4th (I've never ridden it since it was delivered to me. It is on a battery tender under cover ).

Thats too many bikes. Tell you what, I'll do all the maint & oil changes for free, just drop off a bike at my garage for a couple of weeks and don't worry about a thing.  [cheeky]

Benjamin5150

+1 on Ever Red...

http://www.ducati.com/od/ducatinorthamerica/news/detail.jhtml?newsId=18861

I have a 2005 S2R Dark with latent defects that didn't surface until my original warranty had expired.  Unfortunately I didn't know about the extended coverage or else I would have purchased it.

ducducgooseme

Glad someone clarified... I too have Ever Red from Ducati.

oh, and I would NEVER buy the service contract unless you are 100% sure you wont be moving during the life of the contract.  They are set to the shop only, and not the bike.
If you love your bike, set it free.
If it comes back to you, you've
probably high-sided.

arai_speed

I'm taking my bike into Pro Italia for some possible warranty service.  The mechanic Patrick seems kinda knowledgeable, the sales guys I have spoken with didn't know much.  The issue I'm having is that my Neutral light goes on and off sometimes.  I'm waiting to see if they say anything about the changes I made to the clutch myself :)

2 Wheel Wanderer

When I got my bike last year I had the option of buying the extended warranty and did for $400. I've had 2 oil breathers replaced, gone through 4 instrument panels (twice they gave me ones for an S2R which looked cool but the speedo didnt work correctly on those) and have had oil leaks fixed all under warranty.

I'm no mechanic so I take it to the dealer for services so for me it turned out to be a good deal. [thumbsup]

OverCaffeinated

I guess it would be nice to have an extended waranty for that extra comfy feeling. Althought it is a waranty and not a guarantee. I always end up doin service on both my bike and car for two main reasons. Cost and the fact that I can't stand paying someone for something I can to myself. Like bobspapa said these companies make bank on extended waranties, and they are a bit of a gamble. Besides all that I've got a 1000ds motor sitting in my in my garage, I'm sure no dealership will honor my waranty after the swap.