Used bike purchase

Z

zeta_immersion

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GTAM hermits!

So, got my wife to approve the purchase and there we were at GPBikes signing the deal. The Salesman was underwhelming and quite tangential to the task at hand but in the end had won another sale.

Question!
The bike has about 34k km and the finance woman came with a brochure about a 3rd party insurance from Nation Wide Auto Warranty for 60k km or 3 years for about $600+ tax. Is this worth getting?

Edit:
Bike is 2011 Daytona 675
 
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How old is the bike? Bikes are usually very reliable, so without knowing the brand I'd say you should take the $600 and buy protective gear/do a riding course.
 
Not a bad deal, 3 years or 60k for 600$

Again what, make/model/year ?
 
bigpoppa said:
Again what, make/model/year ?
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it might be a 2011 Daytona 675...

to the OP, 60k km is pretty much the remainder of the life of the bike or at least the time that you'll spend on it so its not bad for 600 bucks.
 
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save yer $$$. Spend it on something you will actually use. I've bought used bikes for the last few decades. No warranty on them...and no dealer.
 
LoneRonin said:
it might be a 2011 Daytona 675...

to the OP, 60k km is pretty much the remainder of the life of the bike or at least the time that you'll spend on it so its not bad for 600 bucks.
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It is the 2011 D675 (how did you know?) - actually the mechanic at GP Bikes (i think Jesse/Jessy?!) awesome guy, took a few minutes with me and answered a few questions.

Part of me things the $600 is a scam since they might say i neglected the engine (but it could have been the previous owners and not me which i cannot prove)
Part of me things the $600 would be a good investment but what would be the chances I would use it?

If the engine blows, tranny goes? what if the stator or rad? would they fix those? - mind you I would have to talk with them to understand the process and limitations of these $600.
 
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Extended warranty and financing are two of the ways that dealers can make a profit.
The margin on new/used bikes this time of year is pretty thin.
IMHO, save your dough, there are too many exclusions in any extended warranty - electrical items, wear and tear and the like.
Read the fine print first before deciding to sign up.
 
I don't know about 3rd party warranties on bikes but the ones for cars when I used to be a service advisor at a dealership didn't cover much. There was always a clause or a fine print that when I'd call to get the warranty repairs authorized they would deny them.

As others have said. Save yer dough
 
Read the fine print. Most actual stuff that goes is excluded as mentioned above and the kicker on some of those 3rd party warranties is that the coverage is null and void if the repair is worth more than the value of the bike. (ie. Engine and Tranny go, they say they wouldn't get a couple grand for a 40,000km + bike and bam, no coverage.
Save the $600 and buy some good gear or rider training.
 
Another issue is that all many of these policies require that maintenance must be verified to maintain coverage.
That may mean no cheap oil changes at home- all maintenance has to be documented by the dealership/bike shop.

I actually had one of these policies on a car. 100000km coverage. The engine blew at 98000+km and they actually paid for a new engine. That was with meticulously documented oil changes. (BTW- I'll never buy another Ford product)
 
zeta_immersion said:
It is the 2011 D675 (how did you know?)
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I had called in and asked about it because I really don't like the front end of the new ones and it was one of the only decent red 675's around. Ended up getting a brand new 959 Panigale...and man what's with the I had to ask my wife for approval crap?? It sends jitters down my spine. If you're a working man and not getting an allowance from your wife I don't see why you'd need approval for a $7000 purchase.

Its almost as bad as the guys that come and post here just to get approval from random guys on what bike to buy before they do.
 
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LoneRonin said:
I had called in and asked about it because I really don't like the front end of the new ones and it was one of the only decent red 675's around. Ended up getting a brand new 959 Panigale...and man what's with the I had to ask my wife for approval crap?? It sends jitters down my spine. If you're a working man and not getting an allowance from your wife I don't see why you'd need approval for a $7000 purchase.

Its almost as bad as the guys that come and post here just to get approval from random guys on what bike to buy before they do.
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Hehe he.. the things this woman goes through I goto give her props .. it was more of a failed dramatic intro and financial stability decision.

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My last bike had 98,000 km on it and my current bike has 60,000 km on it. Neither has ever needed anything fixed that wasn't considered a wear and tear item. Save your money. Bikes rarely need something fixed that would be covered by a warranty, unless its a Harley. In that case I would buy the warranty!

Take your $600 and buy some new, safer riding gear, take an advanced rider training course like Sharp Rider, or, spend it on fuel riding the bike somewhere!
 
My previous daily bike has over 100k kms and also doesn't need anything other than wear items.

Last time/s I got an extended warranty on a new car, it never paid for itself. Waste of $.

Way back in one job, sold lifetime warranties of equipment....the company went under. No more warranty coverage. lol
 
zeta_immersion said:
GTAM hermits!

So, got my wife to approve the purchase and there we were at GPBikes signing the deal. The Salesman was underwhelming and quite tangential to the task at hand but in the end had won another sale.

Question!
The bike has about 34k km and the finance woman came with a brochure about a 3rd party insurance from Nation Wide Auto Warranty for 60k km or 3 years for about $600+ tax. Is this worth getting?

Edit:
Bike is 2011 Daytona 675
Click to expand...


You lost me at the bold part...good luck, others provided decent insight.
 
-D- said:
I think you lost them a while back well before this one.
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How has he "lost them"? A motorcycle is a fairly large investment. If he's married and he wants to stay that way, checking with the Wife before making a major purchase just makes sense. It has nothing to do with not having any balls, it has to do with respect for their financial stability. You wouldn't want your partner running off and spending $8000-$10,000 without checking with you, would you?
 
Morrissey said:
How has he "lost them"? A motorcycle is a fairly large investment. If he's married and he wants to stay that way, checking with the Wife before making a major purchase just makes sense. It has nothing to do with not having any balls, it has to do with respect for their financial stability. You wouldn't want your partner running off and spending $8000-$10,000 without checking with you, would you?
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that's where you lost me buddy...a motorcycle is no investment.
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