Extended warranties yes or no?

For what it is worth, we purchased the Passport warranty on our 48 Sundancer (near $15,000.00), and transferred the Passport warranty when we purchased our 58DB which had 5 years remaining.

100% OF THE CLAIMS ON BOTH BOATS DENIED. Again that was 100%. The warranties were completely a waste of money.

I never understood this since Brunswick is the parent of Searay.

Ken

If you are buying a boat with Mercruisers with BravoIII drives that sit in the water 24-7, then I'd get the Mercruiser extended warranty for as many years as you think you'd keep the boat. Other than that - No. That's my 2-cents.

Madifonzo said:

Just know that the price is negotiable. Industry standard is 100% markup on ESC's. So if the retail is $15,000 (I would ask to see the rate sheet) it can be assumed that the cost is $7500 to the dealer.

Genrally you you can buy an ESC from any dealer when a vehicle is under the factory warranty. When it's pre-owned the selling dealer has to be the one to do it.

I think its also important to know the difference between warranty and service contract. First, the is no such thing as an extended warranty. Warranty is a benefit only offered when something is new. It can not legally be extended. Once something is out of warranty a service contract can take over but as has been mentioned it may have coverage exclusions or deductibles. Dealers will often use the term extended warranty but it is not accurate. In most cases OEM's either have an outside firm administer the policy or have a separate business unit that handles it in house.

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I disagree. The extended warranty I bought from Merc is the same warranty that originally came with the boat. The warranty process is the same. The Merc tech verifies it's covered and does the repairs. This is not a service contract like the Legacy. There are no deductibles, claim forms or additional exclusions. I was offered the Legacy and declined for the reasons you cited but the extended Merc warranty is an extension of the original warranty.

Do Over said:

No dis-respect intended here but of course they told you that...they sell the warranties. The sad part of all this is that the warranties are NEEDED so often....I've never seen an industry that rely's on warranties so much and I work in the automobile repair industry...ridiculous.

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No, not right in this case………

This is a large privately owned Sea Ray dealer on the Gulf coast. The sales, service, storage, etc are all separate business units. If asked, the service folks encourage buyers of eligible boats to buy the warranties because they have to deal with the upset customer when he has a major issue out of regular warranty and in every case, the warranty has paid off for the customer. Warranty work is profitable for the dealer, they have a clerical staff to handle documentation, claims, and approvals and since they are a Master Dealer they make as much on warranty as customer's work. If the boat gets fixed, the service department makes the same money no matter who [ays the bill…owner or warranty company.

Now, I didn't just get off the turnip truck. This dealer is unusual, they are honest, professional and do a great job. They are regarded by Sea Ray as the #1 or #2 dealer in the system. Not many people can say that in 25 years, they have never waited longer than 8 hours for service, have never had to tell the service manager, "You didn't fit it", You didn't do everything we asked for, " or "You made a mess of my boat.", but I can. I think the servicing dealer plays an important role in whether or not an extended warranty is a good investment and unfortunately, not everyone has access to a great dealer as we do.