I paid about $1,000 for 4 more years. Be aware that your coverage may be less extensive if you decide to purchase the extended warranty at a later date rather than at the time of purchase. The price will probably still be the same. I looked my policy over a while back and there were three significant levels of coverage depending on time of purchase/mileage. If you turn over bikes quickly the factory warranty is perfect but if you keep them I think an extended policy is a great idea. One substantial mechanical problem out of factory warranty would make it worth the price.