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Random Quote: If I knew I was gonna live so long, I would've taken better care of myself
Another thread brought up the question. What do you think of them? Worth the money? I bought my boat three years ago, it had an extended warranty which was transferable. The motors (twin) are 1996 Evinrude Ocean Pros, 175 HP and the warranty expires on 5/31/03. That's not bad. When I work on the motor myself,(I had to install a power pack on one and a regulator on the other last year) I just send the bill to the insurance company. They knock off $25.00 deductiable and send me a check. Don't know what the original owner paid for the warranty. Great feeling having a warranty. Of course, a bad motor is going to 'cost' alot of downtime, but at least someone else is paying. I have an estimated 400 hours on the motors now. [img]/infopop/emoticons/icon_rolleyes.gif[/img] [img]/infopop/emoticons/icon_smile.gif[/img]
I belived extended warranties are great. I received a free 6 year warranty on my DF 140. Hope I never need it. Why would you do the service work on a mortor yourself? Do you work for a boat shop that does warranty work on Evinrudes. If not doing the work might void the rest of the time the warranty. [img]/infopop/emoticons/icon_eek.gif[/img]
I bought Volvo Penta's 4+2 extended warrantee for my 5.0 motor and just burnt a head and a couple valves... to make a long story shorter and to keep my blood pressure down. They Declined the warrantee due to neglegence. The boat had been proped by a Volvo Penta Warrantee Center when the boat was purchased new with the wrong props F-4's instead of F-2's and over time having to steep a prop, put to much load on the motor with to high of exhaust gas temps and burnt a head and dammaged valves and the claim was declined. I will never buy a Volvo Penta Product again for as long as I am alive!!!
If it comes with a implyed warrantee fine but buy an extended warrantee?? Hell No it's not worth the extra money!!!! Save your money and for every amount of hours spent on your boat set a percent (what ever you choose) in a kitty and be your own warrantee center and screw them!!!!
I guess I would think warranties are great if I got one for free too. The fact of the matter is they are never "free". Either they are subsidized, packed in the cost of the boat or someone else paid for it. Do you also really think the finance company doesn't make any money when car dealers offer 0% financing? Ever wonder why the sales people at the Circuit Cities of the world push these so much? Possibly because it is the most profitable part of the sale?? There is always someone who will tell you how great extended warranties are due to some major mechanical problem that they had covered. In my mind that is a little bit like hearing why the lottery is such a great investment from the most recent winner. In my opinion most extended warranties on any products do not offer much in the way of value relative to what they cost. After all it is you up against an actuary for an insurance company and who do you think wins that battle? I have had many people after being shown the questionable value of an extended warranty end up saying "Well it gives me peace of mind". And when all is said and done therin may lie the actual value of the extended warranty.
Jackb-- your chances of winning the lottery are one in millions. Over a 5 year period, your chances of some mechanical failure is probably close to even. I'd take the warranty.
Extended warranties? No thanks. If the manufacturer or service center has to offer an extended warranty to sell you the goods, then there is a reason for it! It's not for the good will of the deal, either. It's because they want to pawn any problems off an independant insurance contract and make a few peso's in the bargain!
If the manufacturer has to offer an extended warranty to move their goods, there may be a quality or design issue that needs investigation!
Many moons ago, I fell for these traps. Bought me some piece of mind, only to find out that they can be a real hassle at times. Had a motor blow up and they claimed negligence and wouldn't belly up. Negligence my ass! That vehicle was a piece of junk from the word go. They claimed lifter noise was from fuel injectors - on a throttle body induction! When the valve train finally blew, they wouldn't acknowledge that I brought it in for service before the problem got out of hand.
No sir, I will not buy a product if an extended warranty is required to sell it.
I have a lot of experience on cars on this subject and from that experience I can say,.. If the you offer an extended warranty at a resonaable for a few extra years like a few hundred bucks sure!.. but guess what - they're porbably more loike a few thusand. Basically - if they offer it at agood proce - you don'tneed it. If it is not a good proce then you are probably better off insuring yourself.
There is some truth in every above thought, but in my humble opinion I think Tidester is Right.
They ofered me an exetnded warranty from the local dealer - it was like 35 to 45 % of the price of the motor - depending on 2 or 3 years. Gee let me think on this one............
Nobody above mentioned price. Mumblertone .. if the motor is really a 96 and you can still transfer a warranty it may be worth it. BUT AT WHAT COST???
Folks - THEY are better at the risk management of this than you are.
I bought the boat as a second owner three years ago...it came with it! I made an offer on the boat, the warranty was a bonus. That said; they have paid back over $500.00 to me so far. I often repair my own boat motors, if I know what's wrong, as a matter of convience. I was amazed that the insurance honored the warranty with me doing it the first time, quite frankly. This is not an extended warranty from the manufacurer but from an independent insurance company recommended by the dealer to the original owner. Working great so far...keep the thoughts coming! [img]/infopop/emoticons/icon_wink.gif[/img] [img]/infopop/emoticons/icon_rolleyes.gif[/img]
Mumblerone who is the insurance company on your motors? I haven't had any problems so far but my warranty will expire before 100 hrs. I had 65-70 the first year not much this year with work and illness. [img]/infopop/emoticons/icon_frown.gif[/img]So I may be looking for an independent warranty on my 01 Fichts. Anyone have a source?
The name of the company is: Marine Innovations, 5125 County Rd 101, Suite 200, Minnetonka , MN 55345 Their produst is called 'Extended Marine Service Agreements'...great brochure. There phone # is 1-800-950-3808. [img]/infopop/emoticons/icon_smile.gif[/img]
I have 2 extra years on my Yam 150's... but only because Yamaha gave them to me AFTER the fact.
Wouldnt buy it up front...no way.
In my case we closed on the boat on the 23rd of DEC.... by the time my dealer got all of the registration paper work to Yamaha... ( 10th of January ) they ( yamaha ) were running a 3 month 2+2 special... buy a motor get 2 years extended FREE...the Yamaha rep called me and told me he was playing late Santa.. That alone made me feel good about Yamaha... they didnt have to give it to me.. but they did.
Bottom line.. would I buy an extended warranty..NOPE
This subject is a matter of choice. If you are lucky enought to purchase vehicles that have no internal problems from the factory, and that only require normal maintenance, then extended warranties do not make sense.----- But if you purchase a vehicle that blows a trans. at 40,000 miles, or needs a new engine at 50,000 because of manufacturing problems, then an extended warranty becomes an important issue.---- Over the years, I have purchase many new and used land vehicles. I always put the maximum extended manufacturers warranty on the vehicle. During the course of ownership, I either break even with the cost of the warranty, or I am ahead of the game.----- With a boat, an extended warranty becomes VERY IMPORTANT, because in my part of the country, boating at best only lasts 6 months of the year. It is impossible to put enough of hours on the new boat in the first year of ownership for manufacturing defects to show up. In my particular case the defects did not show up until the second and third season. (engine and I/O drive). Unless you are VERY WEALTHY, and you can afford a new engine or an outdrive, the cost of an extended warranty is a good investment for the average working family. -----Just my opinion. ---Greg
i just had a piston go out in my 100 4-stroke yamaha i had 500 hours on it they said about $4500 dollars to fix. i had a chance to buy an extended warranty in june for $800 but didn't i took the chance and it bit me!!
When the yama 4 strokes came out and still there was a 3 warranty, if you bought at a boatshow they would bump up to 5 years. I think you may have a case about getting Yama to step up to the plate on that one.
yeah i am going to try but you know how that goes. the crazy thing is i waited 8 months for the 100's and i could of put the 130 honda's on but i thought the yamaha's would be a much better engine [img]/infopop/emoticons/icon_confused.gif[/img] go figure [img]/infopop/emoticons/icon_frown.gif[/img]
I had an extended warranty on my 96 Grand Cherokee that paid for itself last year. My rear differential crapped out at just shy of 100,000 miles(undoubtedly from traillering my boat) and it cost the warranty folks $2300 to replace it. Yup. I'm sure glad I had that warranty! I've got a 4 year extended warranty on the EFI 150s that I'm selling. Once again, I'm sure glad I have those warranties!
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Bruce: ----My wife and I had a leased 1995 Jeep Grand Cherokee. IT WAS THE VEHICLE FROM HELL!!!! Three front differentials were installed before the dealer got one that would not Hummmmmmm at 55mph. In addition to drive train problems, we had electrical and brake rotor problems.------- One of the major reasons why we drive two Hondas today, was the comment of the Chrysler Factory Rep.. When we complained about the quality of the product, and the amount we were paying for the privilege of leasing this product he said: ----"I don't care how much you are paying for this vehicle"! At that point in time, we decided to only lease and / or purchase Hondas. Since that time we have leased only Honda vehicles. No problems, and we are treated like "valued customers" by the dealer. The lease on our Accord is about to run out, and we have decided to purchase the vehicle. It has been trouble free for 3 years. Had the Chrysler Rep. used some basic human relation / people skills, we would probably be driving a Dodge pick-up truck or a Darango today! It is the same with boats. If a problem arises with the product, the people handling the situation can make it "positive" or "negative". We personally like the styling of the Chrysler vehicles, but we will not own or lease one because of the way we were treated by the factory Rep.. Chrysler really made an impression on this family!!!! One "smart remark" cost them the sale, over the years, of four vehicles! ----Just my opinion. ----Greg
Extended Warranties...
