Run away from that scam! Don't walk....run! Don't ever buy a warranty from a dealer, too many exclusions,too pricey and what if the stealership goes bankrupt/changes hands? Put the money in your pocket.....
many recommend taking half what an extended warranty would cost and put into savings, to pay for any future repairs.
as far as gemsworld's comment that mine was incorrect, i'm more than happy to retract that statement if he can show examples on new RVs costing the same at West Coast dealer, as places like RVW or RVDirect.
there are other Midwest dealers that compete with RVW and RVD prices.
House of Camping, outside of Chicago, is one of them.
i've never seen any posts about any West Coast dealer matching or even coming close to RVW or RVD prices. the only competitive prices i've seen out here, are RVs built in West Coast factories, which are very few compared to the Midwest.
my statement is based on 2 years of shopping in California, Oregon and Washington, comparing to prices at dealers in the Midwest.
* This post was
edited 03/16/12 10:08am by bikendan *
Dan- Firefighter, Shawn- Musician/Entrepreneur, Zoe- Faithful Golden Retriever(RIP), 2007 Chevrolet Avalanche LS, 2007 Rockwood Roo 23SS w/Equalizer and Prodigy, and 5 Mtn. bikes and 2 Road bikes
All. Thank you again. Wantted you all to know I did walk way and they tried to do everything to resurrect the deal. Ended up getting a new identical trailer with better options for same amount down, better interest rate, and of course no additional warranty Cost so the monthly Payment is only 25 more and it is new with better features and will have the factory warrant so THANKS everyone
Just to throw my 2 Cents into the mix. We did get the $150, 2 year extension from Forest River, but declined the dealer offered extension. What really bothers me about your post is that you say, " the dealer is telling me that the finance company is giving me a better interest rate if I get the warranty and that if I decline the warranty the interest rate will be higher and my monthly payment will be about the same." As a retired finance officer, I can tell you that not only is that bogus, it's illegal, you can't tie rate to product.It's not the finance company that's giving you a better rate with the warranty, HE is. Rates are determined by credit worthiness, and loan to value. Basically, your finance man needs to make his profit, so if you don't take the warranty, he's going to make it up by charging you a higher rate than he gets from the bank. that is legal. It's just my opinion, but being told that would have led me to shop elsewhere. At least get your financing someplace else now. Look at credit unions, they are more likely to give you better rates on RV's than banks.