Extended warranty - yes or no? - Victory Forums - Victory Motorcycle Forum
 1Likes
Reply
 
LinkBack Thread Tools Search this Thread Display Modes
post #1 of 13 (permalink) Old 02-11-2011, 07:06 PM Thread Starter
Senior Member
 
RICZ's Avatar
 
Join Date: Sep 2010
Location: Portland,Oregon
Posts: 12,127
Default Extended warranty - yes or no?

I generally am not in favor of them, but I have a month to decide if I want to purchase an extended warranty. I was quoted $600 for five years which seems reasonable. However, I am not reading anywhere in the forums about anyone having any serious inherent problems, nor do I read about anyone recommending the warranty.

I was told by my dealer that its not underwritten by Victory, its by GE and GE decides what they'll cover and won't cover. Dealer made it sound like GE takes the dartboard approach to coverage. Can anyone help me out here?

2010 Midnight Cherry XR. 7Jurock, Lloydz AF, ATS, AFR tuned VFCIII, IAV, and T-6 and locally repacked pipes = big smiles. SOLD to a dear friend, so it's still in the family."
2017 Spyder F3 Limited - keeps this old guy in the wind and riding with friends.
Cure that ugly stand up license plate with the cheapest and best laydown bracket. Click this:
https://www.victoryforums.com/11-ven...t-x-bikes.html

Last edited by RICZ; 02-11-2011 at 07:10 PM.
RICZ is offline  
Sponsored Links
Advertisement
 
post #2 of 13 (permalink) Old 02-12-2011, 03:03 AM
The Diamond
 
diamondrmp's Avatar
 
Join Date: Aug 2009
Location: N. California via Los Angeles, CA
Posts: 4,001
Garage
Default

Personally I strongly believe in them. $600.00 is a really good deal.

You don't read about them having problems BUT they are mechanical machines with a lot of moving parts and you never know.
diamondrmp is offline  
post #3 of 13 (permalink) Old 02-12-2011, 06:42 AM
Lifetime Premium
 
kevinx's Avatar
 
Join Date: Dec 2009
Location: At Southern Motorworx. High Springs Fl
Posts: 2,646
Default

If you do not intend to do internal engine mods; then get it. BTW as of January 1st. the warrenty is administered by Assurant.
kevinx is offline  
Sponsored Links
Advertisement
 
post #4 of 13 (permalink) Old 02-12-2011, 07:05 AM
Senior Member
 
wesdalton's Avatar
 
Join Date: May 2010
Location: Utah
Posts: 679
Default

Quote:
Originally Posted by kevinx View Post
If you do not intend to do internal engine mods; then get it. BTW as of January 1st. the warrenty is administered by Assurant.
I purchased the additional 3 year (2 years came with the bike). I guess what you are saying is if I want to keep the warranty I can't install the Lloyds Cams?
wesdalton is offline  
post #5 of 13 (permalink) Old 02-12-2011, 07:06 AM
Junior Member
 
Join Date: Sep 2010
Location: Dayton, MN
Posts: 19
Default

$600 for 5 additional years seems reasonable however it does give an indication of what the average outlay is for claims. My friend sells extended warranty policies at the wholesale level and claims about 50% of the total price is used to pay commissions throughout the sales chain (Sales associate, dealership, wholesaler) leaving the other half for claims and profit. This means that the average amount paid is likely less than $250 for the average bike in the coverage. If this is the only product you buy an extended warranty, it's not a bad deal. If one could set money aside for every extended warranty you could buy, you'd have a nice pile of cash someday. Extended warranty's are the most profitable products dealers sell. Heck even Cabela's will sell extended warranty's on a $30.00 fishing reel these days. It boils down to your own piece of mind as hindsight is always 20/20!
PeteF likes this.

2008 Midnight Cherry Kingpin
Bone Stock with the comfort upgrades; windshield and lowers, standard bags, pull back handle bars with comfort grips.
David Anderson is offline  
post #6 of 13 (permalink) Old 02-12-2011, 10:12 AM Thread Starter
Senior Member
 
RICZ's Avatar
 
Join Date: Sep 2010
Location: Portland,Oregon
Posts: 12,127
Default

Quote:
Originally Posted by kevinx View Post
If you do not intend to do internal engine mods; then get it. BTW as of January 1st. the warrenty is administered by Assurant.
Kevin; Had any experience with Assurant to know if they are a better company than GE was to us? No, I don't plan to do any engine mods - I think my CR is just fine the way it is. Its not broke, so I ain't fixin' it. I'm just concerned that Vic did such an excellent job that I'd be wasting $600 (or whatever it cost).

2010 Midnight Cherry XR. 7Jurock, Lloydz AF, ATS, AFR tuned VFCIII, IAV, and T-6 and locally repacked pipes = big smiles. SOLD to a dear friend, so it's still in the family."
2017 Spyder F3 Limited - keeps this old guy in the wind and riding with friends.
Cure that ugly stand up license plate with the cheapest and best laydown bracket. Click this:
https://www.victoryforums.com/11-ven...t-x-bikes.html
RICZ is offline  
post #7 of 13 (permalink) Old 02-12-2011, 12:00 PM
The Diamond
 
diamondrmp's Avatar
 
Join Date: Aug 2009
Location: N. California via Los Angeles, CA
Posts: 4,001
Garage
Default

Quote:
Originally Posted by wesdalton View Post
I purchased the additional 3 year (2 years came with the bike). I guess what you are saying is if I want to keep the warranty I can't install the Lloyds Cams?
In a nutshell.

My warranty expires in May this year. I will probably pull the engine and send the heads out for Diamond Cutting and throw in some cams.
diamondrmp is offline  
post #8 of 13 (permalink) Old 02-12-2011, 04:04 PM
Member
 
Join Date: Apr 2010
Location: SE ID
Posts: 67
Default

I paid $440 for the extended 5-year warranty on a 2011 XC. I am told that dealer cost is $400. At his price level, why not buy it? If nearly anything craps out, it pays for itself. There are too many expensive electronics on a XC that may or may not fail at a random level. I would rather pay up front and get the piece of mind for my $20K bike.

So far, I had a seat that had ripples in it that would not go away. The dealer received a replacement for mine, and it was just as bad. We looked at the other new XC-XR on the floor and one was just perfect. We swapped it out and I am happy again.

Everyone makes their own decisions in the end....
white_bear is offline  
post #9 of 13 (permalink) Old 02-12-2011, 04:06 PM Thread Starter
Senior Member
 
RICZ's Avatar
 
Join Date: Sep 2010
Location: Portland,Oregon
Posts: 12,127
Default

Everyone makes their own decisions in the end....[/QUOTE]

Was that a pun?

2010 Midnight Cherry XR. 7Jurock, Lloydz AF, ATS, AFR tuned VFCIII, IAV, and T-6 and locally repacked pipes = big smiles. SOLD to a dear friend, so it's still in the family."
2017 Spyder F3 Limited - keeps this old guy in the wind and riding with friends.
Cure that ugly stand up license plate with the cheapest and best laydown bracket. Click this:
https://www.victoryforums.com/11-ven...t-x-bikes.html
RICZ is offline  
post #10 of 13 (permalink) Old 02-12-2011, 09:33 PM
Member
 
Join Date: Feb 2011
Posts: 30
Default

I agree with David - $600 does seem reasonable although a lot of the time extended warranties are just pre-paid service... If your bike has been good to you so far it's likely it will be good for the long run. It's those purchases where you have the odd problem right off the start that make me nervous!

Good luck with your decision! Go with your gut!

2008 Jackpot (Black)
Buzzgruv is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Victory Forums - Victory Motorcycle Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools Search this Thread
Show Printable Version Show Printable Version
Email this Page Email this Page
Search this Thread:

Advanced Search
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome