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ContinuousWave: Whaler Performance
extended motor repair "warranty"
|Author||Topic: extended motor repair "warranty"|
posted 02-18-2001 10:20 PM ET (US)
Got a 9 month old Merc, and my dealer wants me to buy The Mercury Product Protection Plan. It extends the warranty somehow. I run in saltwater. What say ye all? Should I or shouldn't I?
I don't know, yet, how much it costs. I know it is insurance of sorts, and since I am a first time owner and run in saltwater, maybe I am a high enough risk I should buy it.
posted 02-18-2001 10:36 PM ET (US)
Extended warrantes are an insurance policy and a huge profit area for the selling dealer. Running in saltwater will not cause any problems that would be covered by the warranty than if you only ran in fresh water. It's just like an extended warranty on your tv set or new car, if it doesn't blow up under the normal warranty it probably won't.
posted 02-19-2001 12:33 PM ET (US)
I believe in insurance. Have six policies. I bought the 3 year extended from Mercury for my 250hp. With lower unit price $5000 plus labor etc seemed like I should have it. I believe the contract says that when the repair fees are equal to the purchase price of the motor the coverage is over.
posted 02-19-2001 09:46 PM ET (US)
In the past I purchased a used whaler with
a extended warrantty on the motor that cost
me 40 dollars to assume.100 hours later the
power head seized and the warranty covered
almost everthing.I saved about $2500.
Its also a good selling feature in the
posted 02-20-2001 01:57 PM ET (US)
I agree with Ed. If the cost is not prohibitive, buy it. A used motor may not have been taken care of like you would have. As far as the warranty running out when the repairs meet the purchase cost, I have never heard of that. Not saying it's not so, just never heard of before.
One thing for sure, the purchase price of the warranty is negotiable, just like an auto warranty. Never pay what the dealer (boat or car) offers the warranty for. This is a great profit center for the dealer. In fact at the auto level, the finance manager gets bonused on the sale of warranties. As an example, I paid $600.00 for the extended 5 year warranty for my Chevy Blazer; retailed for $1,450.00.
posted 02-21-2001 07:44 PM ET (US)
Yeah, you can get royally ripped on extended warranties if you allow it. My dealer wanted $1500 for a Passport engine warranty -- I told him that another dealer would sell me a Passport 4 year for 536. Guess what? The dealer said he'd match it. It was worth it to me for added resale and peace of mind. I've heard of extended warranties that cost a little bit more, but you get all your money back if you don't use them. That way the people that supply the warranty get 4 years of interest on the money.
posted 02-22-2001 10:15 AM ET (US)
One thing I would recommend, buy the warranty of the manufacturer. Some dealers offer a warranty from an insurance company that has no tie to the product. Some are better than others, but I think if the manufacturer offers a warranty you're better off. In fact even manufacturer warranties can be tied to an insurance company (i.e. OMC and ITT Insurance) and I think that is O.K. It's just the warranties offered purely by insurance companies sometimes have tenets that may allow for used parts, etc. that I would never accept. Also, they tend to drift around on who the authorized service dealers are from time to time. The manufacturer network is usually much more stable.
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