Do you really need an extended warranty?

NukeLife said:

LOL
You might have had an argument years ago. Today? You’re way off.

It was an EASY decision to buy the extended warranty.
I knew with absolute certainty that my 2018 would incur over $1700 in repair bills over the additional 75,000 miles of my purchased warranty. Absolute certainty.
It’s not a Camry or a RAV4.

within the last 12 months I have had both turbos replaced, the VCT cam replacement, the sunroof tracks replaced, the IWE wheel hub replacement and TSB, the side mirror popping TSB, the passenger massage seat control repair, a coolant leak repaired and the transmission main control valve body replaced.

ALL OF THIS performed after the factory warranty had expired,... and it cost me a grand total of $200 out of pocket.
So including the initial cost of the extended warranty I’ve paid $1900 for all of these repairs,...

I don’t get to see “their “ cost, but I’m fairly certain I have made out like a bandit.
Oh, and their still troubleshooting a drivetrain issue and scheduling a third party repair for one the headrest video screens.

That math doesn’t take a genius.

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NukeLife said:

LOL
You might have had an argument years ago. Today? You’re way off.


That math doesn’t take a genius.

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Expedition Dave said:

These are complicated cars. The closest thing left to a lump of an engine is probably Toyota's 5.7 and that will be going way of the DoDo pretty shortly.

My 2020 has dual fuel systems to combat Direct Injection issues, and even though it is an XLT with 2 options, there's enough electronic gee-gaws to cause a normal mech fits, so it will almost always be Ford's baby to fix. Besides, it already has quite a few minor warranty issues in less that 12K. So...

FWIW I have owned SEVERAL extended warranties, and only once did I ever break even on one. Most, I returned/sold the car and got a portion of the warranty $$$ returned for non-use. It is insurance if something catastrophic goes wrong, it is peace of mind, and I expect I will buy one for mine if I keep it past the factory one.

I don't know if you sell your vehicle's privately, but:
1. They are usually transferable for a small fee
2. It gives the next buyer peace of mind you ain't selling them a lemon (b/c you would of fixed it under the warranty in the first place).

YMMV...

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mwl001 said:

I think generally, you can always buy one as long as you are still under the factory warranty, and I think you can buy outside the warranty if you have the vehicle inspected by a dealership. However the longer you wait the more expensive the coverage gets. Also pricing changes (increases) in February each year.

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Jeff Schoch said:

So does everyone go through the Ford dealer or go with a 3rd party? After checking out Lombard's site, the Ford one seems to come back in the $$$ ballpark. The 3rd party one(Endurance) was relatively close, but they said it included 3 oil changes per year, brakes/pads, and a few other items.

Any one have experience with a 3rd party?

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