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Aftermarket warranty?

Discussion in 'Bike Reviews, Questions and Suggestions' started by demuire, Jan 17, 2006.

  1. I'm on the verge of buying a 2004 SV650 with 15000k's on the clock. It still has 12 months of manufacturer's warranty, and Team Moto are trying to sell me their aftermarket warranty.

    Basically it's $595 for 1 year, $795 for 2 years, $995 for 3 years. Maximum claimable amounts of $3000, $4000, and $6000 allocated each... And that cost is split between engine, transmission, electrical, suspension and cooling system...

    Is it worth getting this sort of warranty? They seem to think so, but then again I'm sure they're biased too...

  2. I have never heard of a SV going bad... so in my opinion it would be a waste of money...
  3. I think its money for jam fo them - ordinary investment for you.
  4. I personally would not pay the extra money. It sounds to me they are just milking every cent they can from you. An 04 model with those sort of kilometers with 1 year factory warranty remaining should be in excellent condition, especially if you have the log book to prove it has been serviced when it should have been.
  5. Have not personally seen the log book but will endevour to see it before the monies are actually paid if I go ahead with the purchase. Have only been told of the existance of a log book.
  6. Those warranties can catch you out.

    As you say they split the $ between items.

    They may allow $800 towards the engine for example, if it goes "boom" then its going to cost a lot more than $800, you will have to find the "more"

    I couldn't...........actually, on second thoughts, its a suz....a suzu......yeah I'd get it :p :p
  7. So the general feeling at the moment is not to bother with it...
  8. The problem with after-market warranties is that they codify in very small print, exactly what they do and don't cover.
    Added to that, they usually have a specification that all servicing is done by the warranty provider, and carried out according to the specifics of the warranty fine print. Needless to say, you pay for the servicing, at their rates, because you don't have a choice....
    And the problem with THIS is that the warranty service specs do not always match the manufacturer's service specs.
    When my daughter's Astra ran a timing belt, it turned out that although it was under an extended warranty, the belt had NOT been changed at 120,000 kms, despite the fact that the manufacturer's service book required it. It was only by pointing this out and demanding my rights that she was spared a $1,200 repair bill!
  9. I got offered the same thing, and looking at the amount you pay, and what you can get back, i think it worked out if i didn't blow the sv up over the next 2 to 3 years i would be ahead.......
  10. I bought one for a car once (an extended warranty). The car went boom - but the warranty only covered a tiny portion of the repairs. As mentioned previously, the total amount covered didn't seem bad - but because it's split between certain types of faults, it makes it pretty useless. I think you'd be better off pocketing the money ;)

    The bike sounds like it's in great nick - and especially with one year of factory warranty left, I think you'd be fine - assuming the servicing to date can be documented.
  11. It's settled then :)

    Now to look at the Hyosung to ease my mind that the SV is the bike for me :D
  12. Yep .. most of those "extended warranties" are not "warranties" as most of us understand the word "warranty" to mean.

    They're more often than not an "Insurance Policy" which, when you put the back of the page under a microscope, are subject to all sorts of conditions, which gives the "Insurance Company" heaps of opportunities NOT to pay out.

    Given the bike still has about 12 months of the manufacturers warranty I'd be keeping my hard earned cash in my pocket rather than paying it out to some Ins Co and a dealer who gets a kickback for each "policy" sold.

    With 15,000klms on the clock .. and todays modern manufacturing, I'd say the bike would be just nicely run-in. You couldn't go too far wrong on the basis that there's still 12 months of the manufacturers warranty to run.

    Just my thoughts on the subject for what it's worth ......
  13. Tough choice... same engine... similar bike...
  14. I'd agree that it's probably not worth getting the 'extended warranty' - they're usually just insurance policies, and often have clauses to say that you have to get it serviced at the dealer you bought it from.

    It's sometimes worth getting these on a car, but usually only if you're planning on reselling it soon so you can say it's under warranty.

    Given that you seem to be fairly mechanically inclined, i'd guess you'd be better off without, seems as you may do some of the servicing yourself.

    On a seperate note, it seems like you're pretty close to getting a new bike! hooray! (I reckon go the SV650 over the hyosung)

  15. In a nut shell there not worth shit. Give it a miss and spend the money on beer and porno mags instead.
  16. Just make sure the service km's in the log book are correct ,like the 6000km service done at 6000km NOT 8000km = no warrenty any more ect.
    1 year factory warrenty will do you ,just get a major service 1 weeks before the warrenty runs out.

    As with the after market warrenty for a car ,i paid $700 on the jeep i got now ,and have got new diff and radiator total $1800 .
    And will get it again ,if there is no factory warrenty for atleast 1 year.
  17. That's debatable. And in any case, it wouldn't be Demuire's problem.

    As for after market warranties, the commence when the factory warranty expires. So there wouldn't be any compulsion on Demuire's part to have the bike serviced at the place of sale during the intitial 12 mth period. As long as it's serviced by a qualified mechanic, is about all that the manufacturer can stipulate under consumer law.

    Anyway, as others have said, it's an insurance policy with 20 million clauses in nanometre sized print that will disallow any claim. Best to spend that dough, if he can afford to, on decent safety gear, rider training or even to put away for usual servicing costs (tyres, services, tuneups, etc.)

    The dealer makes huge comissions on after market "warranties", along with a guaranteed service contract following the expiration of the manufacturer's warranty. And besides that, how often do bikes these days go "boom" anyway? Unless you race the darned thing, in which case, warranties would be void.
  18. Ah, what a coincidence. My daughter's Daewoo broke down on her way home from work, earlier this year. Husband towed it home. Discovered a broken timing belt. It has the same Astra engine. Daewoo, a GM subsidiary no longer operates in Oz, so it fell to Holden to look at. Car's 2001 model, well outside of the warranty period.

    Holden issued a factory recall some time ago as this engine's timing belt was suss and needed to be replaced before it's recommended 100,000 km replacement period. Apparently they were failing before 60,000 km.

    Daewoo, for whatever reasons, never notified its customers.

    Service books indicated that Daewoo dealer in Cranbourne or Frankston had serviced it at 60,000 km. Timing belt was checked as being OK. Car died at 62,000km.

    Son-in-law went to the GMH dealer in Berwick. They looked at the vehicle and acknowledged that the factory should cover the repairs, even though outside of warranty. Total repair bill came to nearly $5,000. Broken or bent camshafts, bent valves, blown head gasket were all repaired/replaced. I'll bet that if they were relying on an extended "warranty", then they'd be 5 grand poorer now.

    Like anything, taking insurance, or relying on insurance is a betting game. Will the item purchased be likely to die after the warranty expires? And if it does, is it worth buying a new one to replace it, or is it more cost effective to pay for repairs, versus paying for an extended warranty.

    Most modern bikes are bullet proof. My aging Honda CBR1000F hasn't had a thing go wrong with it. I don't expect it to go kaboom any time soon. When things do break, they're usually low cost items. And with these warranties, are there any excess charges to be paid that would negate the need to claim on it?

    I made the mistake once of taking up a dealer's extended warranty. Requirements that it was to be serviced there. The car, a Commodore V8, 1985 vintage, started blowing shitloads of smoke. Turns out that a few rings had collapsed. But, because they didn't actually break, then the warranty wouldn't cover the repairs. I ended up getting it fixed elsewhere and swore never to deal with this mob again and never to buy extended warranties.

    If a dealer offers a "free" warranty, you can bet your balls that it's included in the price of the vehicle. So, ask for a reduction in price in return for no extended warranty if you feel that it's an unnecessary feature.
  19. Those purchased warranties are not worth the paper that they are printed on. If you read the small print there is next to nothing that they actually cover, and by the time you get into the extended warranty period they class everything as wear and tear, in which case you have to shell out $$$ anyway.

    I got one with my car, it stipulated that it had to be serviced every 5,000Km at the dealer that the car was purchased from. All original parts had to be used aswell, which can get very pricey depending on what goes

    You are definately better off spending the money on either new gear or saving it for a rainy day
  20. Hey all. I put a deposit on a daytona 675 (08) on saturday, and I'm in a similar situation to OP - even if it was 6 years ago for him.

    Though my circumstances are - no factory warranty left on the machine, and it's got 2,100km on the clock. My concern is that these era of trumpys have been know to have issues with the R/R, which can be fixed under warranty. Do you guys think it'd be worth getting an extended warranty in this case (they did offer it to me, and I have yet to collect my bike - decision time will be on Tuesday)?

    It would probably be best to ask the dealers I guess, and make my decision from there...
    Anyone know how much it would cost for a working R/R if the problem arose?