Where to get a very good deal on Extended Warranty

[Mead85]

Depends on how you feel about warranty’s. If you like having a warranty then yes. This is a good plan (the premium plan with the add ons) that covers you well. Kinda depends on how long you’re going to keep the vehicle IMO.

I always keep vehicles for over 10 years. Is the premium plan that much better than the extra care? I know more is covered but I’m more concerned with engine, transmission, turbos. I’ve had a transmission go out in a ford and my wife’s last expedition had to get the engine replaced because it messed up. Doesn’t the extra care plan cover what I’m looking at? I don’t mind changing lights out or working on my vehicles but changing out and engine or transmission is to much for me to do. Thanks.

 

[Mead85]

I usually keep my vehicles for 10plus years. I just want the big things covered like engine, transmission, turbos, etc. I don’t mind working on my vehicles doing small couple hundred dollar things but big stuff I can’t do myself. I’ve had a transmission go out before and my wife’s engine had to get replaced in her last expedition($6500 at a mom and pops shop). I’ve looked at the premium plan and extrand compared the two but the extra covers what I’m thinking about going wrong.

 

[Earthmover]

Try AAA I had one worked well they have good people working there

 

[bushpilot]

Depends on how you feel about warranty’s. If you like having a warranty then yes. This is a good plan (the premium plan with the add ons) that covers you well. Kinda depends on how long you’re going to keep the vehicle IMO.

I would add - that if you sell the vehicle, the plan can be transferred or sold with the vehicle, or you can cancel the plan and receive a prorated refund.

 

[carymccarr]

I always keep vehicles for over 10 years. Is the premium plan that much better than the extra care? I know more is covered but I’m more concerned with engine, transmission, turbos. I’ve had a transmission go out in a ford and my wife’s last expedition had to get the engine replaced because it messed up. Doesn’t the extra care plan cover what I’m looking at? I don’t mind changing lights out or working on my vehicles but changing out and engine or transmission is to much for me to do. Thanks.

Premium care is the best ESP plan. Go to flood ford and look at the plans. Everything is well laid out. I don’t know the ins and out and wouldn’t want to give you a wrong answer.

 

[carymccarr]

you can cancel the plan and receive a prorated refund.

That’s interesting. Where can I find details on that?


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[bushpilot]

That’s interesting. Where can I find details on that?

https://www.floodfordesp.com/faq.php

 

[carymccarr]

https://www.floodfordesp.com/faq.php

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Thanks. I wonder what that looks like IRL. I may chat with them to dig in a bit.

 

[bushpilot]

Thanks. I wonder what that looks like IRL. I may chat with them to dig in a bit.

@carymccarr what do you mean "what it looks like in real life"? the links are there and the state specific rules are linked there too. These contracts have been transferable/cancelable for many many years...

I dont think its unreasonable for someone to charge a small fee to execute some change or paperwork...and pro-rating the unused portion (while I dont like it) is necessary for the business to stay alive and minimize financial ruin/risk.

 

[carymccarr]

@carymccarr what do you mean "what it looks like in real life"? the links are there and the state specific rules are linked there too. These contracts have been transferable/cancelable for many many years...

I dont think its unreasonable for someone to charge a small fee to execute some change or paperwork...and pro-rating the unused portion (while I dont like it) is necessary for the business to stay alive and minimize financial ruin/risk.

What I mean is what does ‘time and mileage’ mean.

Assuming it’s just time based...if you buy a plan when you get your car and get a 6 year plan for $1500 then cancel at the end of year 5 you’ll get $240 back after, effectively, one year of coverage.

The plans aren’t really ‘6 years’ or whatever. My navigator has a 4 year bumper to bumper and a 6 year powertrain. The ESP would only be effective in year 7 and beyond but I’d have to buy a 7+ year ESP for that to happen.

 

[bushpilot]

What I mean is what does ‘time and mileage’ mean.

Assuming it’s just time based...if you buy a plan when you get your car and get a 6 year plan for $1500 then cancel at the end of year 5 you’ll get $240 back after, effectively, one year of coverage.

The plans aren’t really ‘6 years’ or whatever. My navigator has a 4 year bumper to bumper and a 6 year powertrain. The ESP would only be effective in year 7 and beyond but I’d have to buy a 7+ year ESP for that to happen.

all of these plans begin at the original date of in service....even if you buy a used car thats 3 yrs old w/ 50k miles on it and add an extended warranty for 5 yr 100k (you're really only getting 2 yrs 50k).

Its always been a head shake for me....the vehicle is covered for 3/36 so its not like the underwriter really has to pay/cover anything until after that.

the RISK is low for the underwriter before 3/36 and I'm sure the actuaries have figured out when the risk increases and the likelihood of having to pay out over the next 2yrs / 64,000 mi - im sure the pro rata ramps up (or down depending on your point of view) as time goes on.

 

[iamretired]

Lombardo ford, 8/125/100 deduc was about 1600 bucks, my 2015 with 83k, had to be inspected first.

 

[carymccarr]

all of these plans begin at the original date of in service....even if you buy a used car thats 3 yrs old w/ 50k miles on it and add an extended warranty for 5 yr 100k (you're really only getting 2 yrs 50k).

Its always been a head shake for me....the vehicle is covered for 3/36 so its not like the underwriter really has to pay/cover anything until after that.

the RISK is low for the underwriter before 3/36 and I'm sure the actuaries have figured out when the risk increases and the likelihood of having to pay out over the next 2yrs / 64,000 mi - im sure the pro rata ramps up (or down depending on your point of view) as time goes on.

There is zero risk during bumper to bumper (4 years / 50k for navigator) goes up a little in year 5 (but powertrain is still good) and then only has ‘full risk’ in year 7 and beyond.

So a 4 year warranty is completely worthless, a 6 year is ~50% worthless. A 7 year gets you ONE year of a warranty out of the ‘7’.

 

[aggiegrad05]

There are benefits to the ESPs (at least the PremiumCare) during the factory warranty, I’m thinking specifically a loaner/rental. There are others but I can’t think of them right now. That may be of less use for a Navi if Lincoln always provides loaners, but Ford does NOT.

So yes, the WARRANTY doesn’t kick in until the factory rolls off, but there are other benefits in the meantime.

 

[carymccarr]

but they’re are other benefits in the meantime.

Really? If you’re in an accident then insurance would cover a rental and if there’s a warranty repair my dealer better damn well give me a loaner if it’s gonna be more than a day or two.


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[aggiegrad05]

Really? If you’re in an accident then insurance would cover a rental and if there’s a warranty repair my dealer better damn well give me a loaner if it’s gonna be more than a day or two.


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I agree with you! But no, Ford does not generally provide a loaner for a warranty repair. Or an oil change. Or anything. It’s a dealer-by-dealer thing. But when I go in, for anything, warranty or otherwise, I say I need a loaner and I have PremiumCare. And they say “ok, because you have PremiumCare we can do that.”

 

[carymccarr]

I agree with you! But no, Ford does not generally provide a loaner for a warranty repair. Or an oil change. Or anything. It’s a dealer-by-dealer thing. But when I go in, for anything, warranty or otherwise, I say I need a loaner and I have PremiumCare. And they say “ok, because you have PremiumCare we can do that.”

That stinks.


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[lobsenza]

You can add vehicle rental to the extended warranty for a reasonable price.