Extended warranty: $750 for 2 years / $900 for 3 years
This extends by 2 or 3 years the manufacturer's warranty after the original 2 years period.
Service warranty: $2400. Covers services for 3 years (max 9 services). It includes parts and labor apparently...
Can anybody share their experience with either one of those. Are they worth it?
$2400 seems high, unless you fully go through the 9 services covered over 3 years, and ride enough miles.
Service at what intervals 12.000 miles? lots change oil at much less...
What if the dealer turns out to be a dealer you don't want servicing your bike...
Extended waranty yes
And who makes the call on service ,
Well this service warranty might be dealer specific true. Even though I think they said valid at any Ducati dealer. I'll have to check on that one.
Intervals are 7500 miles as far as I know on the MTS1200.
The big service is for the valve adjustment every 15K miles. This one cost over $1000 from what I heard.
So this warranty would work only if I didn't move than 3 valves adjustment in 3 years. And since I won't be riding that much, I think I got my answer!
The valves are checked at the 15K services. If they need adjusting, you pay extra for the time it takes to make the adjustments. $1,000 - $1,200 is a good estimate for a 15K service. Add on $200 - $400 if you need any valves adjusting.
If like me, you ride 15K - 20K miles a year, you'll be looking at at least 1x 7.5K and 1x 15K service, per year. That's around $1,200 - $1,500 per year or $3,600 - $4,500 over the 3 years a 'service contract' would run.
Note, also, that a 'service contract' is not an extended warranty. It will cover the complete costs of the services, but won't cover you for parts failures!
For me, a service contract would make sense, but I can't come up with $2,400 cash at the moment. I keep my Ducatis for at least 4 or 5 years, so an extended warranty is cheap insurance for me. I should be able to scrape together $900 for a 3 year extended warranty and I'll be looking to do so in the last month of the OEM warranty.
Exactly. If you are riding 15-20K/ year, then for sure, a service contract makes sense.
But I did 7500miles in a year, so for me, it doesn't really make sense.
The extended warranty on the other hand... I am still thinking about it since I've had a DES pre-load error fixed under warranty. The cost would have been $1100 if I was not covered...
My past experiences have convinced me that extended warranties are a must if you plan to keep riding your Duc!
I paid about $750 for a 3 year extended warranty for my '02 ST4s. By the time I traded my ST4s for the MTS 1200, it had 82,000 miles on the clock. The $750 extended warranty had paid out close to $12,000 in parts and labor, including an engine rebuild at 72,000 miles, when a main bearing in the bottom end started whining and was about to blow!
I bought the ever red 3 year extended warranty last week at my local dealer in NY. $688 plus tax. I think the extended warranty will be worth every penny if you intend to keep the bike the life of the warranty.
Greg that sounds expensive - to extend the Ducati official warranty to 3 years (ever red) here in the UK it costs about 290 GBP inclusive of all taxes which equates to about $460
"extend the Ducati official warranty to 3 years" <> "ever red 3 year extended warranty"
Are you guys talking about the same thing? The OEM warranty is 2 years. EXTENDING the warranty to 3 years (i.e. 1 extra year) for £290 is a lot more expensive than buying a 3 year EXTENDED warranty for $688.
Pick up my 2011 Multi today - 1600KM Demo. I got an extended warranty and up here in the Great White North we pay almost triple to you down south. $1800 for an additional 3 years after manufacture's warranty (all but brakes, tires and light bulbs) but if I do not use it in that 5 year span, I get all but $150 back. Looking forward to miles of smiles
Hmm ... Some of you gents have received deals: on the information that EverRed warranties enacted after the end of March 2012 would NOT cover ALL electrical/electronic components, I purchased a three-year extension to my factory warranty for $990, supposedly discounted from nearly $1400.
Although my SP is electrically primitive compared to other models - MTS, Diavel, and the upcoming Panigale, I opted to play it safe. I only wish my deal had been as good as yours.
Did you guys get something (contract, paperwork, etc..) from EverRed direct? I got my reciept from the dealer but nothing in the mail from EverRed. Thoughts?
Recieved an email today from Pro Itala concerning the last chance to get the EverRed is March 31. U.S customers only. No other info on what may be available after that date.
Recieved an email today from Pro Itala concerning the last chance to get the EverRed is March 31. U.S customers only. No other info on what may be available after that date.
There will be extended warranties available after March, just not ones covering all the electrical/electronic bits covered by the OEM factory warranty. That's why you got the email from PI.
Something just as good might turn up from another underwriter, but there is no assurance it will. That's why I jumped on this offer now.
I have debated long and hard in re: the purchase of EverRed coverage, but heard from several sources that if you've modded your bike at all, your warranty is as good as burnt toast. GE Capital administers the program, and is in the business of making money. As is often the case in these circumstances, it is far more profitable to deny claims than it is to pay them.
It's not that black and white! I read the 'fine print' of the extended warranty I took out for my old ST4s. I posted the details on an ST forum for everyone to read too and the general consensus was that the warranty was a crock of s*#t! Too many exclusions. It cost me $750. By the time I traded the ST4s for my MTS 1200s, the extended warranty had paid out $12,500 in repairs, including a blown rear wheel bearing that took out the wheel and an engine rebuild at 72,000 miles when a main bearing started making whining noises!
i think the Ever Red Extended Warranty for $990 makes absolute sense for those owners who purchased their MTS' in 2010 (almost a requirement), and perhaps for some of you who purchased them in 2011 that plan on keeping their bikes beyond 2013. for those of us who purchased a 2012 in this calendar year, and don't plan on keeping their bikes beyond 2013, it doesn't make much in my eyes. i can see trading this bike in for a newer, re-skinned/different motor Multistrada around that time should their be one.
it's definitely worth it for the older MTS bikes, or if the planned ownership period is greater than the two year oem warranty, especially given the number of electronically controlled parts on our bikes.
Yep, for me, it's a no-brainer. I'll be keeping my '10 MTS 1200s for at least 4 or 5 years, or until it dies from exhaustion! I got to 82,000 miles on my ST4s. I'd really like to see what happens on the MTS dash if I make it to 100,000 miles! I'll be buying an extended warranty soon.
Anyone here know the details/specifics around the un-used/pro-rata'd amount ($) should a sale or transfer of ownership occur? I know that the plan is transferable, I'm asking about the refund of monies should you cancel the coverage at said time.
Good points from all and thanks for the price info - I'm about to pick up my new MTS next week so it is timely indeed.
One thing to consider that I never did with my last bike... I bought the 4 year extended warranty for my 2008 DL1000 VStrom from the dealer when I picked it up. As it turns out, in the 3 years I had the bike I never had anything go wrong other than routine service so never really used it. That being said - I had TERRIBLE service from that dealer here in Calgary and was very troubled that what I thought was a Suzuki extended warranty was in fact a dealer warranty and only valid at that dealership. The last time they worked on my bike (24000km service) they left the rear cylinder spark plus loose (not even finger tight) and did not fill the radiator. I was in the position where the warranty I bought was held by a dealer I didn't trust to work on my bike...
I'm not sure what the situation is at Ducati but I guess I'll find out next week! The main thing for me is I want to have a choice of where I take it, if at all possible.
Fultank, I saw this as an opportunity to lock in coverage that might not be available (to the same extent) in the future. it's possible another underwriter will pop up and write policies covering all the gizmos, but maybe not. If they don't, this is a heck of a deal; if they do, it's a decent warranty at a semi-reasonable price. No harm, no foul, and in the end this wasn't a very tough decision. It's only the actual parting of money from pocket that is tough to get through
Another way to look at it is that the insurer may be worried about their bottom line. Thus not willing to take the risk/bearing the cost of repairing very expensive (in terms of parts and labor) electronic repairs.
Also makes me wonder that since the introduction of the highly electronic Multi, and the end of some of the first Factory warranty's on same are about to expire, what the Ever Red people know that we don't (or don't want to).
If there is money to be made by offering Ever Red in it's current form, the insurer would not be eliminating the program.:think:
since my previous question may have been too difficult , can we try this one instead? ..."are 2010 (used) MTS models that are beyond their warranty period and which DO NOT carry the Ever Red warranty trading at significant discounts to those that do? it's my thought that as more and more news of the Ever Red warranty program expiration makes its way into the market, coupled with continued reports of rear suspension failures and the like ($2k-$3k fix), that a REAL difference in re-sale value between bikes going forward (those with the Ever Red, those out of warranty) may start to form. ask yourself this; given that you are enthusiast, know about potential problems surrounding the MTS12S, would you require a certain discount in order to buy a used 2010 bike (out of warranty), and if so, what would that discount be?
Knowing that the rear ohlins unit on the S model is $3k to replace and failure does happen and has been documented on forums - why would anyone buy a used S without a warranty unless it was at a substantial discount? I wouldnt be personally willing to take that gamble. Also unless you only keep a bike for 2 years or less then why would you purchase a new S. I try and keep bikes at least 4 years to spread out the depreciation hit so an extended warranty, especially one backed by Ducati would make a lot of sense. This seems like it would hurt sales on this bike IMO. Reminds me of Range Rover - nice rigs but with all the complex stuff going on its a gamble to own one out of warranty.
Knowing how profitable extended warranties are for most companies that offer them, one has to wonder if extended warranties on these bikes don't pencil anymore due to cost of replacement/failure rate.
All the electronics are neat but I wish manufacturers would use the money to make bikes lighter, handle better, and make more power. Just my opinion
Thank you. To answer your question, I'd only buy a used Multi 1200S that had a warranty covering my term of planned ownership but would never dare buying one without a warranty or one soon to expire. A new bike solves that problem along with other benefits that come from owning new.
I'm starting to think that the cost of the soon to expire Ever Red warranty may be a very cheap way (option) to protect the downside risk of the bike's value at the time of its sale even if its benefits aren't realized in the first two years (new purchase). As Parkcrf states, he wouldn't purchase a used MTS12S that was out of warranty unless the bike was discounted, and i think more will feel the same way helping to drive prices lower. For older bikes it's definitely a "no brainer" as others have mentioned.
Earlier this week I paid $795 for the 5yr EverRed from a dealer in the midwest. Hadn't heard about the program ending, but my 2yr factory warranty was about to expire on my '10 S. I've had good results with the EverRed warranty in the past, and even when reading the fine print, it covers just about everything, down to o-rings and fork seals. $50 deductable (unless that has changed).
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