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Service Contract is actually the correct term, most everyone refers to them as an "extended warranty."I haven't read every post in this thread, but I think I see some need for clarification.
In my experience, a service plan is a pre-paid plan for normal/routine service events, like oil changes and etc. I have that on my Toyota and in their case, they give you two years of it at no extra charge when you buy a Toyota. You can also buy service plans, like I've done, for a vehicle, where you pay in advance for a service plan but you typically get a better deal than if you paid for it all separately. Service plans are not warranties!
Then there's an extended warranty, like Indian's, where you pay something for an extension of your original warranty. And warranties do not cover everything, so it pay to know what is and is not covered. My two-year anniversary on my Classic is coming up and as with other purchases of mine, I try to but quality products and therefore do not buy extended warranties. Indian is a well-made bike so I'm not planning on extending my original warranty. Yes, s**t can happen, but I'll take good care of my bike and roll the dice.
@Mdunham0519 at the top of the page, left side you will see "tags". if you click on any of those tags you will be directed to threads where this has been discussed, should give you easily two hours of reading.
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