PDA

View Full Version : Extended Service Plan



Mastergunny
11-14-2014, 09:21 PM
I bought my new 2013 almost a month ago and have put about 1700 miles on it. I love the bike. When I bought it, Fred Cummings Motorsports made me feel like I was getting a great deal and that the normal 4 year extended service plan (not a extended warranty as it specifically says) goes for $1000. They gave me a great deal on the extra coverage by selling it to me for $699.

Only after reading here on the forum, I realized I had been STUPID! Then to top it off, last weekend running around the So Cal desert and running into some other "Wingers", and hearing about how solid the bike was (you guys tried to tell me), I called the "Service Plan" folks and requested my total refund. I had 90 days to cancel the plan.

I am convinced I will not need the extension. What a great machine and if we'll cared for, I think it will last longer than I will. (And I am just 61).

Phantom
11-14-2014, 09:44 PM
Unless things have changed recently ......

As long as the Extended Service Plan was never activated, Honda used to refund all of it except a $25 processing/cancelation fee.

Example..... if you decided to sell your Goldwing before the ORIGINAL 3 year warranty expired, you could call Honda and cancel the extension and receive a refund minus the $25.

Mastergunny
11-14-2014, 10:34 PM
It was not a Honda service plan. I can't recall the name of the insurer but they are based out of Menlo Park, CA. Don't get me wrong, I think the insurer is a good provider and the plan was good, but apparently there is a lot of profit margin in what a dealer can sell the policy for. Also there was a 90 day period in which I could cancel and receive a full refund. Since the plan was included in my Honda financing, the refund comes off the top of the loan. A full $699 towards the principal of the loan. That was fine with me.

JackB
11-15-2014, 07:19 AM
It was not a Honda service plan. I can't recall the name of the insurer but they are based out of Menlo Park, CA. Don't get me wrong, I think the insurer is a good provider and the plan was good, but apparently there is a lot of profit margin in what a dealer can sell the policy for. Also there was a 90 day period in which I could cancel and receive a full refund. Since the plan was included in my Honda financing, the refund comes off the top of the loan. A full $699 towards the principal of the loan. That was fine with me.

Why would you go with a non Honda service plan when the Honda plan is less money.

imported_PA_F6Ber
11-15-2014, 10:10 AM
Why would you go with a non Honda service plan when the Honda plan is less money.

I agree and the Honda Care Warranty will be honored at any Honda Dealer. I don't trust 3rd party warranties.

Carl

Mastergunny
11-16-2014, 09:59 PM
I was stupid. The dealer offered an extended service plan and I assumed it was Honda. It was not. If I buy any plan it will be a Honda plan now that you guys have made me smart!

Mastergunny
11-16-2014, 10:15 PM
Thaks Phantom! Copy all.

maxrider
05-20-2015, 12:01 AM
Just wanted to ask you guys if the prices are all the same for the extended warranty, regardless where you buy it?

The reason I ask, is that for my Toyota P/u there was a $400 difference between the policy cost in CA and out of state, mind you the same terms, and policy from Toyota.

The dealership could set the price, and so this one out of state dealer was getting plenty customers daily, and made up in sales volume.

Coming back to the Honda policy, so far I have seen $800 for 4 yrs with out towing benefit, and the remark at the site "suggested" retail price.

That leaves to believe that there might be dealerships out there who will sharpen their pencils, and stray away from "suggested".

So that makes me curious, any members who can attest to this possibility?

Thanks

Max

okf6b
05-20-2015, 08:45 AM
Just wanted to ask you guys if the prices are all the same for the extended warranty, regardless where you buy it?

The reason I ask, is that for my Toyota P/u there was a $400 difference between the policy cost in CA and out of state, mind you the same terms, and policy from Toyota.

The dealership could set the price, and so this one out of state dealer was getting plenty customers daily, and made up in sales volume.

Coming back to the Honda policy, so far I have seen $800 for 4 yrs with out towing benefit, and the remark at the site "suggested" retail price.

That leaves to believe that there might be dealerships out there who will sharpen their pencils, and stray away from "suggested".

So that makes me curious, any members who can attest to this possibility?

Thanks

Max

I landed the 4-year Honda Warranty for $580 when I purchased my F6B about 6 weeks ago. Back in December I purchased the 4-year on my 2012 Wing for $580 thinking I was going to keep the bike. When I decided to trade the Wing on the F6B in March, I told the dealer what I paid in December and they matched it for the F6B. So, yes, there are dealers who will sharpen their pencils.

stevenolts
05-20-2015, 12:33 PM
I believe you can still buy the warranty up until your 3 year warranty expires. I paid approx $600.00 for the warranty with road hazzard. So I get bumper to bumper and unlimited use road hazard for seven years. It only takes one problem to pay for the warranty. I found that in the past I would just let some stupid light or electronic part go unimpaired because it wasn't worth the price to fix. This way I can get everything fixed and feel the peace of mind knowing I am covered when traveling. Also you should buy the Honda warranty if you get on because it will be good at any Honda dealer.

It feels good not to have to worry!!! If I never use it I will be very lucky don't you think?

Steve

maxrider
05-20-2015, 01:58 PM
Thanks for the replies, done a little investigation myself this morning in pricing, and found the last post prior to mine to be very accurate in the ballpark of what is available out there in pricing.

I decided to purchase now rather then later, the reason being that my towing coverage would be available now, so I have 7 yrs of road side assistance.

I cancelled my towing policy with my M/C Insurance(Progressive $6 a yr policy) for it did not cover as much and has limitations as to where you can break down(do not break down in service station) has to be on the road :(.

I leave you with contact info, I had transactions before with this store and found them to straight up, so today I tried their finance department and same result, pleasure to work with.

John Evans
Business Manager
Blue Ridge Powersports
540-434-7345
540-434-8982 Fax
jevans@blueridgepowersports.com

seadog
05-20-2015, 03:14 PM
I had a friend that hit a chunk of steel at a railroad crossing and it took out both tires on his bike, by the time it was all said and done, getting the bike picked up and having it hauled to a dealer 75 miles away it was a 1200.00 dollar bill to cover it. He had no road hazard insurance.

baiao
05-20-2015, 03:39 PM
road hazard insurance included with motorcycle insurance?

hiflyer
05-20-2015, 04:35 PM
I had a friend that hit a chunk of steel at a railroad crossing and it took out both tires on his bike, by the time it was all said and done, getting the bike picked up and having it hauled to a dealer 75 miles away it was a 1200.00 dollar bill to cover it. He had no road hazard insurance.

I carry two credit cards, one since 1981, the other since the 90's. I was pleasantly surprised last year to find that one of them offers road service, such as towing, free of charge.

maxrider
05-20-2015, 08:29 PM
Yes Progressive Ins offers it for $6 per year with the MC Policy.

Just make sure you understand the terms, there are limitations.

stevenolts
05-21-2015, 07:21 AM
I wanted to change my statement about road hazard. (I may be wrong) I think with the Honda plan when you get the added part it is road side assistance (towing, gas, jump start, locksmith, etc...) not road hazard where they replace your tire etc...

Do you guys have road hazard for your tires?

Where did you buy that?

Steve

stevenolts
05-21-2015, 07:27 AM
I always buy the road hazard for my car tires and it has paid off several times. I have three daughters and with me being a crazy driver like on the motorcycle we all have hit something or had nails etc... in our tires at some point.

Where can I buy road hazard for the motorcycle tires? (I have needed on the bike three times in the last 5 years / I must have bad luck with tires) At least the road debris has never caused me to wreck the bike. I have had to ride home on a flat 2 times in the last 5 years on the bikes. I also had to patch a tire on my Harley and check the air every day for over a year to save a new tire that had a nail hole.

Steve

maxrider
05-21-2015, 09:07 AM
Steve you are Right with the road side assistance, and correct that it does not cover tires(road hazard).

I have no knowledge of a third party carrier covering tires already on the vehicle, that option of insurance is sometimes offered at point of sale, but I would be curious to as to who offers at what price?

Max

Fla_rider
05-21-2015, 01:20 PM
I did extended with Road side assistance and the tire replacement. So far I only replaced my Battery, 1 year and 1 week after I bought the bike.

stevenolts
05-21-2015, 02:19 PM
How did you get the tire replacement? Was it through Honda?

Steve

ISLANDER1089
05-21-2015, 05:10 PM
Speaking from experience, the OEM service contract is always better than the Non OEM extended service plans but they also tend to be more expensive unless the dealer discounts them. One thing to watch for is the time period on these contracts. Since our bikes already come with a three year warranty, does a four year plan just buy an additional year of coverage or does the plan start when the OEM warranty ends. Be careful and read the fine print.

53driver
05-21-2015, 05:45 PM
Speaking from experience, the OEM service contract is always better than the Non OEM extended service plans but they also tend to be more expensive unless the dealer discounts them. One thing to watch for is the time period on these contracts. Since our bikes already come with a three year warranty, does a four year plan just buy an additional year of coverage or does the plan start when the OEM warranty ends. Be careful and read the fine print.

My OEM Extended starts when the original warranty stops.
Got the paperwork stating I'm covered to April of 2021.

maxrider
05-21-2015, 09:35 PM
+1, but there was also an option to go with another Ins Co,The Zurich warranty adding 48 months retails for $950 and we offer a web price of $685. This warranty offers the same protection as HondaCare plus it gives you trip interruption protection (reimbursement for food and lodging expenses up to $75 per day for three days if you break down more than 100 miles from home plus a substitute vehicle up to $30 per day with a maximum of $180). This $0 deductible warranty can be used at any motorcycle dealership with certified mechanics. This will overlap your motorcycle's existing warranty for the 'trip interruption' aspect, and then add 4 more years. Service would be available at any ASE certified motorcycle dealership in the US, Canada or Mexico. Options are available for a $50 deductible warranty, with lower prices, if that interests you.

So there are those options available as well, that might fit your situation.

I rather stick with Honda, been told many horror stories with other insurance Co in the past, just saying.