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Author Topic: Extended Warranty. To buy again or not?  (Read 5552 times)

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danner55

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Extended Warranty. To buy again or not?
« on: October 30, 2017, 07:48:14 AM »

I'm looking for opinions on to buy another extended warranty. Not looking to purchase another CVO  but my 2011 CVO Ultra Classic's warranty will be running out in January 2018. It presently has 41,000 miles on it with original lifters. I've had very few problems with it but now as the miles rise, the potential is there to start having more problems.

A 4 year extended warranty without tire & wheel would cost $3400. $78 per month.
 
I'm leaning on replacing the lifters & then roll the dice as far as future problems.

Just looking for everyone thoughts about this.

Thanks & Ride Safe!

Dan
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DesertHOG

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Re: Extended Warranty. To buy again or not?
« Reply #1 on: October 30, 2017, 07:52:32 AM »

My extended warranty paid off on my ‘11 but that price sounds high. Maybe it’s because of the mileage and age. This sounds like 2nd extended warranty on this bike.
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danner55

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Re: Extended Warranty. To buy again or not?
« Reply #2 on: October 30, 2017, 08:00:14 AM »

Yes this is the 2nd extended warranty.
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JCZ

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Re: Extended Warranty. To buy again or not?
« Reply #3 on: October 30, 2017, 08:16:09 AM »

My extended warranty has more than paid for itself, on all my bikes since 2002. On a 2011 with only 41k miles, you don't ride as much as I do and that's relevant.  You have to weigh how much you ride, the mileage of the bike currently against the cost of the extended warranty.

By the way, you can shop for better pricing on the extended warranty.....it's not set in stone and different dealerships will have different prices just like they do on their bikes.
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Re: Extended Warranty. To buy again or not?
« Reply #4 on: October 30, 2017, 08:43:41 AM »


Consider how many repairs you could perform with $3400.  Start by spending a few hundred bucks on replacing the lifters and inner cam bearings, and then factor in doing lifters again every 15k miles as insurance.  You'd still have over $2500 in the bank.  What else do you think is going to fail?  Wheel bearings are relatively cheap.  If the electronics haven't already failed by now, odds are quite good they won't going forward.  The ESP doesn't cover most of the other stuff that might fail strictly due to age.  Btw, how much money did the original ESP "save" you?  Not everyone has JC's history of always making out like a bandit on his ESP purchases.  In fact, most people do not.  Otherwise the ESP companies would have to raise their rates or go broke.

Jerry
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Re: Extended Warranty. To buy again or not?
« Reply #5 on: October 30, 2017, 12:20:48 PM »

You also have the option to spend that $3400 towards a 117 kit /rebuild kit that would in many ways start you off with a new motor. Jerry is correct, if other things go wrong it will be small stuff.
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Re: Extended Warranty. To buy again or not?
« Reply #6 on: October 30, 2017, 01:00:33 PM »

Check prices with Jim Palmer at Boardtracker H-D.  He runs a separate website for his ESP:  www.discountesp.com
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Re: Extended Warranty. To buy again or not?
« Reply #7 on: October 30, 2017, 01:39:44 PM »

Consider how many repairs you could perform with $3400.  Start by spending a few hundred bucks on replacing the lifters and inner cam bearings, and then factor in doing lifters again every 15k miles as insurance.  You'd still have over $2500 in the bank.  What else do you think is going to fail?  Wheel bearings are relatively cheap.  If the electronics haven't already failed by now, odds are quite good they won't going forward.  The ESP doesn't cover most of the other stuff that might fail strictly due to age.  Btw, how much money did the original ESP "save" you?  Not everyone has JC's history of always making out like a bandit on his ESP purchases.  In fact, most people do not.  Otherwise the ESP companies would have to raise their rates or go broke.

Jerry

While it might give us some quite well earned satisfaction that a well earned ESP actually more than paid for itself that still raises a significant question.  That it paid for itself repetitively even more so.  The question obviously being "should that much (covered) stuff actually be breaking?"  If there are that many failures it should make a guy at least think about far more than just getting another ESP.
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grofcvo

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Re: Extended Warranty. To buy again or not?
« Reply #8 on: October 30, 2017, 03:37:38 PM »

one week after I bought my cvo rk 14 I did cams and pipes plus dyno never looked back on that crap warranty .... still runs like champ no problems .....
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smkymtnboy

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Re: Extended Warranty. To buy again or not?
« Reply #9 on: October 30, 2017, 09:21:59 PM »

 i have a 2011 with 41500 mi and  extended warranty. (only extended warranty i have ever bought)it, has more than paid for itself ;D as jerry said this cannot happen very often.i suppose that is why you were quoted 3400.00 but, with the prices palmer has advertised i would strongly consider it. no, i think i will give it a try. let us know what you decide. i am going back and review the plan palmer offers. anyone have any feedback on this esp.
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muddypaws

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Re: Extended Warranty. To buy again or not?
« Reply #10 on: October 31, 2017, 07:33:32 AM »

I agree with Jerry...
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Re: Extended Warranty. To buy again or not?
« Reply #11 on: October 31, 2017, 07:18:42 PM »

I agree with Jerry...
hard to argue with common sense!!
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4fun

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Re: Extended Warranty. To buy again or not?
« Reply #12 on: October 31, 2017, 08:19:21 PM »

I just had the engine replaced in my 2015 CVO Limited using the Cornerstone ESP from Jim Palmer. So it paid for itself. I would recommend the plan.

Sent from my SM-G930V using Tapatalk

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smkymtnboy

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Re: Extended Warranty. To buy again or not?
« Reply #13 on: October 31, 2017, 08:30:12 PM »

I just had the engine replaced in my 2015 CVO Limited using the Cornerstone ESP from Jim Palmer. So it paid for itself. I would recommend the plan.

Sent from my SM-G930V using Tapatalk
what were the circumstances? was it a hassle or pretty simple.
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4fun

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Re: Extended Warranty. To buy again or not?
« Reply #14 on: October 31, 2017, 08:36:46 PM »

what were the circumstances? was it a hassle or pretty simple.
Lifters went and took out the engine. There were metal shavings everywhere. They asked for a comparison between rebuilding and replacement. After the adjuster looked at it, they agreed to do the replacement.

It seemed to take a little time to accomplish but I can't say if it the insurance company or the dealer or both that caused the delay. It did however get cometed at zero out of pocket, no deductible.

The bike is back in the shop now to replace the lifters on the new engine after 650 miles. That is the MoCo problem now.

Sent from my SM-G930V using Tapatalk
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