In this day and age, everyone wants to save some money. Repairs on motorcycles can be incredibly expensive, and this is why more and more owners of motorcycles are looking to purchase extended warranties on their vehicles. Warranties are a great way to save money on repairs in the case of something going wrong with your motorcycle, but before you buy one, here are several things you should definitely keep in mind.
Don’t Just Buy It from the Dealership
Chances are, if you’re buying your motorcycle brand new, the dealership that’s selling it to you will try their best to convince you to purchase an extended warranty. No matter how good the deal sounds, don’t purchase it right then and there! It won’t hurt to shop around a little bit first. You could end up saving money buying a plan from a different company, or you could end up finding a plan that covers things that the dealership’s warranty didn’t.
Purchase it ASAP
If you’re looking to buy a warranty, the best time to do so is as soon as you get your motorcycle, or as quickly as possible afterward. The longer you wait to buy a warranty, the more it’s liable to cost you, because from the seller’s prospective, the chances are much higher that something will go wrong with your vehicle while they’re covering you and they’ll have to cover it!
While it is recommended that you purchase the warranty as soon as you possibly can, research the different warranties available online first. Many different companies offer different plans at different rates. Find the one that’s best for you!
Do Your Research
Even if you’re sure which warranty plan you want to purchase for your motorcycle, research about it first. Go online and read reviews if possible, and definitely check out what the Better Business Bureau has to say about the company you’re thinking of purchasing from! While in most cases everything should be just fine, it’s always worth it to check, just in case it isn’t. You don’t want to spend the money on a warranty only to find out you were scammed!
Cheaper is Not Always Better
Don’t just buy the cheapest plan you can find. All warranties are not created equal. While you may think that buying the cheapest plan you can find will save you money, it could end up that years down the line it doesn’t cover as much as you thought it did, and you’ll end up paying heavily for repairs on your motorcycle.
A Warranty is not Insurance
There is a big difference between what a warranty is and what insurance is. Insurance covers your vehicle in the case of an accident or pretty much anything that goes wrong. Warranties cover it in case of mechanical problems or other defects. Make sure that you know the difference before you go in, or else you might be hurting later!
Get One Even if You Have Insurance
Even if you have insurance on your motorcycle, it’s recommended that you purchase a warranty as well. This way, in case something something goes wrong with your motorcycle, it might be covered under your warranty and you won’t need to cash in on your insurance to fix it and have your monthly payments go up!
Read the Fine Print
No one enjoys reading the fine print when purchasing anything, but when it comes to motorcycle warranties, it’s strongly recommended that you do. Some companies only offer warranties in the case of mechanical defects, while others might offer them in the case of wear and tear. Make sure that you know in what cases the warranty does and doesn’t cover you before you hand over your money, or down the line when you really need it you might learn your warranty doesn’t cover you and you’ll have to pay for repairs out of your pocket.
When I comes down to it, the best thing you can do for yourself when buying a motorcycle warranty is to do your research and have common sense. The more you know before committing to purchase a warranty, the better.