Originally Posted by TheSasks
So just so I am clear here, people are willing to pay $150.00 or more depending on the rig for an extra year of warranty that is non refundable which if you could get it for 7 years would be $1050 or more non refundable but yet it is a rip off if they pay 1800.00 and only get 1/2 back at the end of the term if they don't use the policy???
Well, so far you haven't told us what company has offered you that.
As for how the $150 for one year has a greater value to some people- I think the big thing for me is that for me to consider $1800 (or $1200 for what I was offered on my trailer)- that would mean I would have to have a major breakdown just to break even. In my trailer one of the furnace, water heater, fridge, stove, or stereo breaking down would not come to $1200.
The other thing the 2nd year for $150 bought me was a little time. I took delivery of my trailer just under 2 years ago. By the time 1 year was up I had 1 minor issue; which I delayed getting looked at until the camping season was done. Then it also covered my Trail Express tires; so it paid for itself there. I now have one more minor issue that I am almost debating if I should even take it back to get looked at. (I likely will.)
However I can see how that 50% refund if unused might come back to haunt me. Would I get the minor issue looked at knowing it could end up costing me the $600 refund. (One of the outdoor speakers isn't working. I never use the outdoor speakers; it was when a friend borrowed my trailer that he noticed.) What about the tires? I could have bought similar tires for around $120 for the pair- would I have even bothered?
For me- having worked in sales and knowing that 50% of the purchase price goes to the RV dealer; it also makes me a little skeptical of the value.