0
I know you guys were against buying the padded warranties and said they were not needed. Since my bike is now gone for good I will be buying another bike.
It would be in the interest of the dealership to roll over the warranties to the new bike. However I am thinking I would rather drop most of the warranties when I buy the new bike. My question is since I agreed to buy them will the dealership try to make me pay for them during the settlement or are they returnable items where I only lose a prorated amount?
I do have to state that I have not used the tire/wheel warranty (stupid for buying) nor the 4 year extended warranty.
I want to be prepared if the dealership is going to try to make me pay for them because while I did agree I guess in the end I would be responsible if they are not returnable items.
My main concern is when I bought the 2011 bike I bought EVERYTHING you could think of such as
LoJack (not getting it again)
Tire/Wheel Warranty (don't want it)
Extended 4 year warranty (don't need it i guess)
Pre-Paid Service (will keep this as labor rates just go up)
Microdot Theft Protection (never claimed against it, bike is totaled not sure if this is a disposable product or not)
I got the bike for $9076 but after the warranties my loan was up around 14,000 before my 8,000 down payment. The insurance bases the bike value off current market value.
I fear that the value has gone down because I have seen new ones for sale for less than I paid.
My goal would be to try to get the warranties off to let the actual loan amount drop so that when the insurance covers the bike I have a bit more cash to work with for a down payment
rather than only 2-3k after the loan is paid in full.
Any feedback you can provide I would appreciate.