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Discussion Starter · #1 ·
Hopefully, this is the right place for this question. If not, let me know. I just purchased a very-well maintained '04 Softail Standard. At the time I sign final forms, I could get the Extended Service Plan. Should I? The ST has 11327 miles and is just like new!
 

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Retired
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If you do your own maintenance,and like wrenching your own,then pass on the extended service plan.
I don't trust anyone but myself to wrench on my bike.
 

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Ironbutt
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7,412 Posts
This question has only been asked about a 100 times. Do a search and you will find plenty of opinions on the subject. This decision is always very personal - just like buying different levels of insurance coverage.
 

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183 Posts
The standard rule of thumb in buying insurance to protect yourself against repair costs is not to buy insurance for something you could afford to pay for yourself should it happen. In the long run, a service policy is just a bet between you and the insurance company, and overall they always win, even though in any one case (yours?) they may not.
Take the cost of the service policy and put it into a decent investment, even a savings account, and then use the money to pay for big costs if they should happen. Bet on yourself instead of the insurance company.
 

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In my opinion, it actually depends on how many miles you ride. I got the 7 year extended when I first purchased my new 04. I'm averaging 15,000 miles a year, so in 7 years I'll have over 100,000 miles, which is the average engiine life. If something serious is going to happen to my engine, which would most likely cost over the $1400 of the warrenty, then I'm covered for the life of my engine. When 7 years are up, if I haven't used it, then I get the $1400 back! How could I lose? I guess the only way would be if I sold the bike, so this philosophy would only pertain to those that are going to keep their bike for few years, and have high mileage.
 

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Ironbutt
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marthared said:
In my opinion, it actually depends on how many miles you ride. I got the 7 year extended when I first purchased my new 04. I'm averaging 15,000 miles a year, so in 7 years I'll have over 100,000 miles, which is the average engiine life. If something serious is going to happen to my engine, which would most likely cost over the $1400 of the warrenty, then I'm covered for the life of my engine. When 7 years are up, if I haven't used it, then I get the $1400 back! How could I lose? I guess the only way would be if I sold the bike, so this philosophy would only pertain to those that are going to keep their bike for few years, and have high mileage.
If you don't use the warranty then you get all your money back?? That's news to me. I wish all insurance was that way. But there's no way an insurance company could stay in business doing that. What am i missing here?
 

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miles to go said:
If you don't use the warranty then you get all your money back?? That's news to me. I wish all insurance was that way. But there's no way an insurance company could stay in business doing that. What am i missing here?
Hardly anyone will keep the bike for the full term and make it without using anything. They probably have to pay back such a small percentage they don't lose anything on it.
 
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