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Discussion Starter #1 (Edited)
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?
 

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The Diamond
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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.
 

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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?
 

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$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!
 
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Discussion Starter #6
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).
 

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The Diamond
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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. thumb up

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.
 

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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....
 

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Discussion Starter #9
Everyone makes their own decisions in the end....[/QUOTE]

Was that a pun? :D
 

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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! :)
 

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I bought one with my 2010 X C but I financed my bike and had to buy it. I probably won't need it but you never know. John
You had to buy it?? I don't understand that. I know that when you finance a bike you are required to keep it insured to protect the lender in case of a total loss in a accident. If they forced you to purchase an extended warranty, and you didn't want it I would look into the legalities on that.:mad:
 

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Some salesmen, to this day, continue to package a lower interest rate if you buy extended warranty, or tell you the bank approved it with the lo/jack on, and so on.

This is illegal. If that happens to you, you're dealing with a crook, and he thinks you're easy enough pray that he can pull that off.

If you've been forced to buy extended warranty, be aware that you can cancel it within 90days and get a full refund. Walk into the dealership, and demand it canceled. If the salesman/finance manager does not cooperate, ask for the GM, and tell him you want the warranty service canceled. They'll have you fill out a short form, and have to reimburse you of the money charged for the extended warranty.

If it's been more than 90 days, you can still get get it cancelled, however you will not get a full refund anymore, but a prorated amount.
 
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