03-12-2022, 10:13 AM
(This post was last modified: 03-12-2022, 10:15 AM by Grumpy Goat.)
I once had an Audi A4 I bought pre-owned and added an extended warranty at the time, being that the car was German and had lots of electronics and such. It was a very reliable car and the longest second-hand car we had - heck at 6 years the longest we ever had a car in our possession. Anyway, 2 trips to the dealer and the extended warranty was more than paid for and the rest of the visits were "gravy". All the while having Audi loaner cars to drive while my older Audi was in the shop even for a day. Too sweet. That was largely the reason I switched to VWs ... that Germanic quality ... and then the BMW bikes were not to be ignored.
Point is, in a bike / vehicle where the cost per hour is high and there are lots of electronics (which car isn't like that these days) an extended warranty makes a heck of a lot of sense, especially when included in the already exorbitant up-front cost of the vehicle. To not do it makes almost zero sense to me, but it all depends ...
In my case back in late 2015 when I got my 2016 RS, I did not get the extended warranty (IIRC, $1500/2 years after factory warranty, I think) as I was probably chicken after shelling out all that money for the RS with panniers. Also I was buying the bike on the rebound from a failed love affair with the XR. I guess at that time, coming from a $6000 (all in) 2014 Honda CBR500R and moving up to a $20k BMW all in one shot, I was a bit worried about how much more I would lose in the divorce and if I'd be able to afford food. After all, SWMBO was opposed to me having a motorcycle for over 30 years, and had only a year an a half before grudgingly agreed to a "small bike" when I immediately pounced and got the Honda! Now I wanted a bike that cost more than a car!
Luckily for me, the RS has been (knock on wood) very reliable so far and I would have "lost money" getting the extended warranty on this bike, since I never had any warranty work done. Come to think of it, I never had any repairs done to the bike either (aside from the accident that resulted in $7500 worth of repairs) ... it has all been maintenance. I also started the website and forum in an effort to try and learn to work on this bike to offset high dealership costs by working on the bike myself, and so far that has paid off as well.
Sorry for the bit of a long-winded post, but the point is, there is no correct answer when it comes to extended warranties. In some cases it works out in your favour and you save money and in other cases all you get is peace of mind until the value runs out. Sort of like insurance.
Now I will go and kiss my RS for being a good boy.
Point is, in a bike / vehicle where the cost per hour is high and there are lots of electronics (which car isn't like that these days) an extended warranty makes a heck of a lot of sense, especially when included in the already exorbitant up-front cost of the vehicle. To not do it makes almost zero sense to me, but it all depends ...
In my case back in late 2015 when I got my 2016 RS, I did not get the extended warranty (IIRC, $1500/2 years after factory warranty, I think) as I was probably chicken after shelling out all that money for the RS with panniers. Also I was buying the bike on the rebound from a failed love affair with the XR. I guess at that time, coming from a $6000 (all in) 2014 Honda CBR500R and moving up to a $20k BMW all in one shot, I was a bit worried about how much more I would lose in the divorce and if I'd be able to afford food. After all, SWMBO was opposed to me having a motorcycle for over 30 years, and had only a year an a half before grudgingly agreed to a "small bike" when I immediately pounced and got the Honda! Now I wanted a bike that cost more than a car!
Luckily for me, the RS has been (knock on wood) very reliable so far and I would have "lost money" getting the extended warranty on this bike, since I never had any warranty work done. Come to think of it, I never had any repairs done to the bike either (aside from the accident that resulted in $7500 worth of repairs) ... it has all been maintenance. I also started the website and forum in an effort to try and learn to work on this bike to offset high dealership costs by working on the bike myself, and so far that has paid off as well.
Sorry for the bit of a long-winded post, but the point is, there is no correct answer when it comes to extended warranties. In some cases it works out in your favour and you save money and in other cases all you get is peace of mind until the value runs out. Sort of like insurance.
Now I will go and kiss my RS for being a good boy.
Regards,
Grumpy Goat
2016 BMW R1200RS
2023 Triumph Tiger 900 Rally Pro
Grumpy Goat
2016 BMW R1200RS
2023 Triumph Tiger 900 Rally Pro