Yamaha Extended Engine Warranty - Is it worth it?

GHolo

GHolo

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Factory Warranty on my 2022 Yamaha F200 expires in June.

Considering purchasing the Yamaha Extended Service (Y.E.S.) plan but unsure its worth it - I recognize Yamaha doesn't offer the plan because its advantageous for the customer, they do it to make money. Dealer recommended it, but they likely get an incentive from Yamaha to recommend it.

Appreciate your thoughts on if it's worth $2500 to extend the warranty for 3 years. Thanks.
 
I don't think it's worth it on an F200 (too solid of a motor).

I did it on my F350s because of their reputation.

You could do an oil analysis and then decide.
 
Two year extension for F200s was quoted at approx $2400 PER MOTOR! I declined:)
 
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Not really worth it in my opinion. A failure would likely cost less than the subscription if you had to pay for it out of pocket.The likelihood of a major failure if the engines are maintained is nearly 0. This from an aeronautical engineer who specialized in failure rates and reliability. Look up the bathtub curve as it relates to reliability.
 
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The fine print often excludes a lot of the catastrophic stuff you think you are protecting yourself against. You still have to pay for the maintenance.

So either you definitely spend $2500 and maybe get more than $2500 worth of repairs or you maybe spend nothing or < $2500 or maybe >$2500....

You are betting against yourself. thats what insurance is...

My zukes came with a 6 year warranty (3 are actually an extension contract that was included).
In my 5th year I had a dribble from a trim seal. I fixed it myself cheap because getting the boat to the dealer and waiting for them would not be worth it to me.
 
I agree with Wspitler's comment above in that most things in life are a "risk vs reward" type of consideration. Are you likely going to have an issue with the outboards in the next 3 years that'll make the added $2,500 expense worth it? Imo, probably not, although obviously it is quite possible, though again probably very unlikely. If money isn't a concern and you want it strictly to sleep better at night? Well then that's another opinion entirely.
 
If it breaks it's worth it. if it doesn't it's not worth it. just like any other insurance. i get them for piece of mind and they kicked in a few times. good luck, ron
 
Thanks team. I appreciate your thoughts
 
wspitler said:
Not really worth it in my opinion. A failure would likely cost less than the subscription if you had to pay for it out of pocket.The likelihood of a major failure if the engines are maintained is nearly 0. This from an aeronautical engineer who specialized in failure rates and reliability. Look up the bathtub curve as it relates to reliability.
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Looked up the bathtub curve...can you discuss a little further? Are you saying that a 3 year old engine is entering in the "constant" state at this point? And that i have a while until the wear out line crosses the random line?
 
When I bought my boat last summer Yamaha was offering 5 years included in the purchase. I'm glad to hear that the 200s are a good reliable motor.
 
AS a side note, my Progressive policy offered a 'Propulsion Plus' option that covers lower unit and sterndrive damage. It was about $80 cost for my boat. I have good experiences with Progressive but not with this policy add on. Hopefully I won't need to:)
 
I never purchased an extended warranty and have had 5 Yamahas ( 2 sets of Twins and a single f225, f250) over 21 years and never had an issue that he warranty would have had to pay anything - basically just maintenance.
 
GHolo said:
Looked up the bathtub curve...can you discuss a little further? Are you saying that a 3 year old engine is entering in the "constant" state at this point? And that i have a while until the wear out line crosses the random line?
Click to expand...
Given enough data points, the bathtub curve can be derived for most mechanical systems. For instance, an aircraft fuel pump will have a life limit in normal use. We removed and overhauled said pump before reaching the place on the curve where the failure rate starts to increase. When you have a fleet of engines data could be available, but the manufacturer may or may not have data or want to release it. I would hazard a guess that the major engine failure rate curve is pretty flat after 2 years. Of course the engine is a conglomeration of separate parts, each with a failure rate of its own. The early part of the curve is “ infant mortality,” That accounts for manufacturing and assembly defects. Hope that helps.
 
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