I've been substantial money ahead on every extended warranty I've purchased because the cost of replacement parts, and the complexity of the electronics, is so much more than before. But then, I shop well and find a reasonable policy premium and only deal with reputable non-manufacturer insurers, or purchase direct from the manufacturer.
As it relates to a purchase of the Red/VW extended warranty, I have no direct experience. The dealer I work with offers that they have had a very good experience with VW, not that they own Ducati.
As for considering price as the basis for the purchase? Well, so many times you get what you pay for. So many fly-by-night insurers out there.
Great points ... and relates to what I've been thinking too. Parts are EXPENSIVE!
I just bought a used 2013 Hyperstrada. I also opted for the extended warranty, but could only get 2 years. $800 through a company called RPM. Heard of them?
Normally, I would never go for an extended warranty not offered by the OEM.
RPM (never heard of them) were praised by my dealer. I've used Zurich before, but never had a claim, also used Western, no claims.
Why did I buy extended warranty:
This bike has close to 20K miles (!!!) so I figure with that mileage it may not be a bad idea to be covered. I asked my dealer if there was anything on the bike that could void the warranty for ANY reason ... he said NO.
It's got a Termi pipe, only other mods are suspension front and rear. (Andriano fork kit) Bike runs great. Warranty is a LOT of money but if something craps out I'd like to be covered.
The good news on this bike is that the big 18K service has just been completed and is documented ... but I have yet to read it. I'd like to know if the valves were out of spec or anything else they may have found during that major service.
I don't expect to get much back out of this Ducati when I sell it ... I'll try to keep it until 40K miles (I hope!!) But then, value will drop right off. Hopefully I'll have got enough fun out of it to justify the expense. Thoughts?
Selling price was Cheap considering. But I'm guessing I could have whittled the dealer down even more if I wanted to play hard ball. But they're my local guys ... and I'd like to see them stay open ... even though it's sort of a criminal enterprise with some very HIGH pressure type sales people whom I avoid .... and they lie, like many dealers.
Wish me luck !