To add an additional year warranty cost us $150 for our Palomino(Forest River), an easy pill to swallow. Six years at $300 a year would take a lot of water for me to get down, ask for rough prices to either replace or repair major appliances on your trailer and weigh the cost difference compared to the cost of warranty and make your decision from there.
Warranties are piece of mind for many people. Not all, but many. Warranties have worked out for many. Not all, but many. The decision to get one has to be a personal decision. Do not make your decision based on the views of others. We opted for it. As the OP mentioned, there are so many electric and working components. I do not pretend to be a repairman of any type. Yes, there are talents I have that those with more of a mechanical mind may not have. If my cars break, I take them to a mechanic. If the travel trailer were to break, I would take it to an rv shop. Of course it all depends on what the nature of the beast is. I can do some things. But when it comes to an investment, I do not want to screw it up. I can cause more damage and more out of pocket cost. When we were offered ours, we looked at the cost to replace the fridge as an example. At the time we were buying our camper, we asked ourselves, could we afford to have it fixed out of pocket. At that time, no. Of course we were financing our camper and the warranty was put into the financing. Well, I guess you can look at it either that or we paid cash for it because we put 25% down on our purchase. Anyway, we would not be able to afford it at that time out of pocket for a repair. Would we purchase one again? I don't know. We would have to look at it from a financial decision. We are in a better place now, than we were a couple years ago. In a couple more years, we will be even better. Theoretically, what Barney said is true. If you could take the money and put it somewhere where it will draw some interest then that would be good. But of course short term and with that little of an amount, it want earn a heck of a lot. You won't be doubling your money anytime in the next 5 or 6 years. Self insurance is the best thing. Most people will come out ahead if they were able to self insure themselves. Of course there are those that it does work out for the better. I remember reading on here people with motor homes ended up getting motors replaced to the tune of around. Up to around $10,000. for them, it was a good decision. Lots on here have posted positive experiences with the warranties. Not so many with negative stories. The main negatives about them are those who say they wouldn't buy one. And many of those are not based on their own personal experiences of having a negative issue with having one before.
I would check to see what they cover for $150.Probably a whole lot of nothing.What kind of deductable do you have.Thats a good deal as long as nothing goes wrong after your additional one yr.
Actually..the one year extension of the warranty on a Forest River product is a good deal. It will cover everything the original warranty covers for an additional year. Unlike the aftermarket extended service contracts..it is provided by the manufacturer not some 3rd party you never heard of. If you must get an extended service contract (it's not really a warranty) wait until your original factory warranty is done and then decide. You may never need any warranty repairs. If you get one take a look at the Good Sam contract, most reasonable price and as good or better coverage than most, no matter what the salesperson tries to tell/sell you.
2011 Big Country 3250TS...2010 Ram CC Laramie 4wd Cummins
15k Super Glide, Firestone Ride Rite, TrailAir Tri-Glide
Michelin XPS Ribs. Just say no to Chinese tires.
Twin Cities Mn.
I bought an extended 5 year service plan on my TT from the dealer for $1500. It is our first TT and a lot of systems that I would not feel comfortable tackling for repair/replacement just yet. I tend to not buy these contracts but in this case, it made sense.
This decision is very easy for me because I do not do extended warranties on any product any time. While you could come out "ahead" on 1 or 2 items, over a lifetime, you will be way better off financially to pass on warranties and put that money into some kind of interest paying account.
Exactly the way I have treated them for over 30 years. I know I am way ahead of the game.
Read the full contract,
Make sure you understand all the provisions of the contract first ,
then decide for yourself…
Short term is better and some allow anytime cancellation and if not needed or used a premium refund may be included, sometimes even a full refund…
Not all of them are full of small print as some have claimed, but all have exclusion and responsibility clauses… again understand the terms and conditions and definitions before buying, not at the time of need…
one large repair like a fridge cooling unit would pay for the entire contract or have wiped out your banked premium, now not earning a cent…
as far as someone saying chances are the breakdown won’t happen at home is even more reason to consider them… even you DIY types don’t normally have your garage with you and as light as many claim to load their RV have little in the way of tools, and a lot of CG to not allow repairs to be preformed on site… repairs can be done at any authorized repair facility…
No extended service contracts are not for everyone… they are a part of a personal risk management program, that work well for many and not as well for others… they are not a bumper to bumper warranty but cover all major systems…
Most recommending against them seem to have no idea if or how well they work or have any experience good or bad with them, other than what they have heard or read form someone else… while I have read some horror stories from people that did have them, their real problem began by not understanding the terms of their contracts in the first place… this is also true with roadside assistance service contracts…
I do not advocate for or against them for someone else, only to say I have had good luck with them, and can see where some wouldn’t think they are a good deal…
Love my mass produced, entry level, built by Lazy American Workers, Hornet
That factory warranty is wonderful IF the manufacture stays in business. We have the extended on our Monaco (that went under) manufactured trailer.
We have had 2 AC's replaced, we are in the process of getting 1 of our grey water tanks replaced (it exploded, although never in cold weather, it just exploaded) as the part came in. Had to have the thermomister (spelled wrong I'm sure) and computer board replaced in our fridge. Now we need work on our water heater done. Won't ignite on propane. It's either the igniter or computer board. Our TT was bought new. We have a deductible of 50.00
2008 McKenzie Starwood 32 FKD TT
Hensley & Prodigy Brake Controller
03 Dodge 3500 Quad HO Diesel DRW 4:10
Fulltiming, On the road somewhere.
Hi, plain and simple. It doesn't matter if it's a trailer, toaster, truck, or boat, don't ever buy an extended warranty unless it is actually from the manufacturer of the product. As a previous new car dealer service advisor, I have dealt with aftermarket warranty companies and they are a nightmare. Note: buying a warranty from the dealer doesn't mean that it is a factory warranty.
2005 Airstream Safari 25-B
2000 Lincoln Navigator