Enjoying My New Car

Pros And Cons Of Purchasing Extended RV Warranties

30 December 2013 by Arianna Tucker

If you are purchasing a new or used RV, one of the decisions you have to make is whether or not to purchase an extended RV warranty. Most RVs come with a limited warranty, usually lasting anywhere from 90 days to two years from the date of purchase. Extended RV warranties extend that warranty for a longer period of time, protecting you against unexpected problems with your recreational vehicle. There are many pros and cons to purchasing extended warranties. Learning about these pros and cons can help you decide if it is a good investment for you. Here are some of the pros and cons of purchasing extended RV warranties. Cons of Purchasing Extended RV Warranties: Cost- One of the major downsides to purchasing an extended RV warranty is the cost of doing so. Extended warranties are not cheap and they can be quite expensive depending on the specifics of the recreational vehicle you are purchasing, such as its value, age and manufacturer. There is no way of knowing what issues an RV may develop, so for some people, the cost of the warranty more than makes up for itself. For other people who never have an issue, the extended warranty costs end up being a bad investment. Unfortunately, there is no way to know what it will be for you, so purchasing an RV warranty can end up being a gamble of sorts. There is a Lot Not Covered By Extended Warranties- The other disadvantage to purchasing an RV warranty is that these warranties don't cover as much as some people think. Most extended warranties do not cover regular maintenance, they don't cover conditions that already exist when you purchase the recreational vehicle, they don't cover rust, and they don't cover problems caused by a lack of maintenance or due to mistakes you made when driving or using the vehicle. Always carefully read through any warranty you are considering getting to ensure you understand what is covered and what is not covered. Pros of Purchasing Extended RV Warranties: Protects Against Expensive Repairs- The biggest benefit of purchasing an extended RV warranty is that it protects you against making expensive repairs. Many of the problems that an extended warranty covers are large, expensive issues, such as engine problems. Due to the size of these vehicles, most repairs are not small, minor repairs. They are large repairs that require a professional to fix and they can easily amount to thousands of dollars. Having a warranty ensures that you do not have to pay that money out of your pocket. This is a great way to control your budget when purchasing a recreational vehicle and protecting the investment you made in such a large and expensive recreational item. Increased Resale Value- The second advantage to RV warranties is that they are typically transferable. If you buy an RV and purchase an extended warranty, and then you have to sell the vehicle before the warranty has expired, you can transfer the warranty to the purchaser of the new RV. This can greatly increase the resale value of the RV, as the new buyer does not have to invest in their own costly warranty after spending money purchasing your recreational vehicle. Of course, many people who purchase an RV don't plan on reselling it right away, but knowing that you can increase the resale value if you have to sell it due to unforeseen financial issues, a dislike of the RV model you purchased, or any other reason, can be comforting. Before purchasing any RV warranty, read through the policy to verify whether it is transferable or not. Most RV warranties can be transferred, but there are some companies who either don't transfer warranties or charge a fee to do so. Click here to visit the website of a company specializing in RV warranties: http://www.bellroadrv.com

Sources

• http://www.rv-dreams.com/rv-extended-warranties.html