RiderForums.com - Kawasaki Motorcycle Forum banner

1 - 5 of 5 Posts

·
Registered
Joined
·
1 Posts
Discussion Starter · #1 ·
Ok so, I am in 100% agreement on extended warranties money you throw down for nothing, makes companies rich usually nothing happens, you get screwed with no financial return whatsoever.

but...

I'm purchasing a 2008 VN2000 Classic LT (I've owned one before I LOVE the bike) I'm getting it used from a dealer. It has 74,282 miles on it. The dealer (out of FL) offers a WRAP warranty for vehicles with less than 75k on them.
4years $1095.. so yes 1/5 the cost of the bike.
Roger that.

But it covers 100% of anything that could go wrong--
excluding Tires--
any certified mechanic can repair the bike in US or Canada
$0.00 deductible.
Starter goes.. covered
Ignition switch covered
Solenoid covered
Tensioner belts covered
drive belt covered
Injectors coverer
anything electrical covered

Or so the guy tells me.

So, I'm reading through the fine print of the policy --haven't decided up or down yet...
but looking through, it appears to be as comprehensive as advertised and with no exclusions on coverage based on really any situation...

If it was a new bike... HELL NO!

But this baby's got almost 75K on her. In 4 years, the way I ride, she'll have another 55k-75k on her.

So I'm having a hard time not thinking, in this one instance, it may be a good investment.

Even just playing the odds.

Also, and I'm going to verify this with the company, in writing, before I do anything: I can Darkside the bike and the warranty will be unaffected.


Feel free to knock some sense back into me.

But in this instance, I'm 65% on the "yes warranty" side...

Save me from myself.

Verily,

The Cumaeasn Sibyl
 

·
Super Moderator
Joined
·
2,578 Posts
4years $1095.. so yes 1/5 the cost of the bike.Roger that. But it covers 100% of anything that could go wrong
Hi - welcome onboard.

When I'm looking at things like this, I like to break it right down to see if it's value.

4 years at $1095 is around $275 PA, which is around $5 a week.

I'd pay $5 a week for peace of mind for the next 4 years.
 

·
West Coast Moderator
Joined
·
13,057 Posts
Ok, you're an idiot...

It's a gamble. By paying you're betting that it'll break down. They're betting you'll get rid of the bike before they have to pay out anything and have paid all that money to them. So the way to make this work to your benefit is to live long enough to wear the bike out and turn in the claim for it. So it's not a bad bet as long as you keep the bike.
 
  • Like
Reactions: Ozninjaguy

·
Super Moderator
Joined
·
2,578 Posts
They're betting you'll get rid of the bike before they have to pay out anything and have paid all that money to them.
Yep - I came back to add that. That's exactly what they operate on.
 

·
Registered
2003 zr-7s
Joined
·
61 Posts
All, or rather I should say most, sellers of these type of policies have a very sophisticated algorithm to enhance their chances of making a profit. My only advice is you may be the outlier keeping and driving machine longer than they calculated, so purchase the policy IF you are sure of the fine print contains NO way for them to not honor the policy terms. If you're not a lawyer, maybe have one peruse it to verify it is authentic and meets your needs. Shouldn't cost you much and would offer peace of mind.
 
1 - 5 of 5 Posts
Top