[don67]

Interesting take. I don't find it so much a tax as an insurance policy. Vaguely similar to purchasing put options for your portfolio it just helps to cap your downside risk.

We are both right. Warranty = insurance = tax on fear

The only difference is that all warranties are optional, whereas some insurance is not. For example, insuring your house against fire is just common sense. So is insuring your family's income stream while people are depending on it. But insuring a toaster oven or motorcycle suspension... not so much. The downside risk should be affordable otherwise you're living beyond your means.

 

[Bearikade]

Lol, no you're not wrong I just hated the angle you took.

I can only speak to the US, but here the government conveniently take the taxes from us. Its very thoughtful of them. I don't have to go through the trouble of getting stamps or signing up for any apps. I'm liking the sound of these optional fear taxes.

 

[Dado]

Tax fear or not, I just got a brand new replacement smartphone valued at $1500 after my 1yr new Note 10+ wouldn't recognize the built in stylus pen.

I paid $15 mnth for extended warranty. I can also get up to TWO replacements should I drop it/ brake it or as they call it "accidental damage forgiveness"

So YES it pays off...clumsy people should definitely get one...I initially got it just in case motorcycle vibrations damages the camera mechanisms.

 

[CavRider]

Tax fear or not, I just got a brand new replacement smartphone valued at $1500 after my 1yr new Note 10+ wouldn't recognize the built in stylus pen.

I paid $15 mnth for extended warranty. I can also get up to TWO replacements should I drop it/ brake it or as they call it "accidental damage forgiveness"

So YES it pays off...clumsy people should definitely get one...I initially got it just in case motorcycle vibrations damages the camera mechanisms.

Several years back I was at a friend’s lake cabin in northern Wisconsin for an ice fishing weekend. I wished that I had such coverage when, descending his second floor staircase with my iPhone tucked in my back pocket, I slipped on one of the steps and landed right square on the edge of a step with my arse, phone first. So you see, I was the inventor of the folding iPhone although I must admit that prototype failed to operate after the incident.

This unfortunate happenstance was due to the lax building codes in rural WI that allowed a too short stair tread and absolutely nothing to do with the amount of Scotch consumed in the ice house that day. NOTHING I tell you!!

 

[punishthetarget]

They are closed today, but the lady that handles this assures me that it's a Honda warranty. I received an email from her this afternoon.
It works out to be .36 a day. I think I'll risk that.

 

[Jart2313]

I need to decide if I'm going to buy the extended warranty on my 22 CRF1100D4.

Does anyone have any experiences with their extended warranties? Is the electronic suspension covered? These bikes are very complicated and have a lot of electronic parts that could go bad.

I can get 5 years for $655 or as low as 1 year for $450. Seems like it's no brainer to buy 5 years for the additional 205. I just wanted to make sure it was worth the expense.

Thanks for any advise.

I paid 1060 for 5 years.

 

[don67]

I initially got it just in case motorcycle vibrations damages the camera mechanisms.

You raise a good point, that insurance is more attractive when you're a high-risk user and the policy doesn't charge extra for it.

In the gambling analogy that is like counting cards, only legal

 

[ride365]

I paid 1060 for 5 years.

I paid $550. There is a 100% markup on those policies as a dealer incentive. I bought from a dealer who saw it more as a perk to get you to buy the motorcycle. He wouldn't throw in accessories or anything but the bike was on sale (pre-covid) and he sold accessories at cost if ordered with the bike and the warranty at cost too. Couldn't pass it up for that price. I ride it enough that I'll most likely get my money's worth unless I have the most reliable 2018 ATAS ever built. I guess we'll see.