Extended warranty, waste of money or worth it, 2017?

[07navi]

Generally nothing is worth extending the guarantee, it is just they getting money and nothing but money
Because when you really need them, you will find that no one will give you for what you paid

I agree, they make money on those warrantees and some people get lucky and win out but most don't. I would never buy one.

 

[joethefordguy]

Generally nothing is worth extending the guarantee, it is just they getting money and nothing but money
Because when you really need them, you will find that no one will give you for what you paid

actually, it turns out you didn't pay for anything you might actually need. it sounds good, but there's nothing there.

 

[Boose]

I got it on my 17 Platinum when I bought her. It extends the bumper to bumper out to 100,000. I had this truck modified for my disabled son, so I won't be rolling this one over for a long time. it's insurance, you hope you don't need it but pay for it just in case.

 

[ManUpOrShutUp]

I agree, they make money on those warrantees and some people get lucky and win out but most don't. I would never buy one.

Mine was included as part of the CPO process. I paid $700-750 for the CPO with the knowledge that they would have to replace the tires in order for it to be certified (I measured tread depth before signing the papers.). Considering a set of the Pirellis are about $650 at Sam's Club even when they're doing the free install + rebate promo, I was only gambling $50-100. Considering how much tech is on a Limited, I was nearly certain something would go wrong in the next 25K miles. I also know that I don't take anyone's shit, so if I had to fight to get what was owed, I would (and I did have to fight for much of it). Anyway, if you're paying, say, $1,500 or less for the Ford ESP warranty on a Limited or Platinum, I think getting your money's worth is pretty much a sure thing as long as you aren't afraid to chase after it if need be. Running boards, climate control, climate-controlled seats, power windows/sunroof ... something WILL go before 100K.

 

[Boose]

ManUporShutUp, your tech comment is exactly why I did the same with my Platinum. I can handle anything problematic with the drive train, it's all the bells and whistles that had me concerned over the long run.

 

[Machete]

I doubt all those that don’t feel extended warranty is worthwhile would never walk around wo health insurance.

Extended warranties are insurance. If you’re caught without it you could be ruined financially.

On a 2017 any repair on that eco is gonna pay for the insurance.

It comes down to how much financial risk you’re willing to take.

Pay now or pay later but pay you will one way or another.

My vote is buy the warranty.

 

[Jamo]

As I said before, peace of mind is big for me. I paid $1800 for mine and if I don't use it up, maybe only have $1200 worth of work, then that $600 I lost spread over 4 years of PoM is still worth it. I hate owning a vehicle I'm afraid to drive any significant distance from home. But...I'll be 66 next month. My thinking is different from 40 years ago...

 

[BlueStangGT]

It's been awhile since I've shopped for extended warranties but my conclusion was to buy it from Ford and shop all the dealers you can. Some will sell at a greater discount than others.

 

[07navi]

It's been awhile since I've shopped for extended warranties but my conclusion was to buy it from Ford and shop all the dealers you can. Some will sell at a greater discount than others.

That's one thing you really have to do your homework on and read the fine print...…….not for me.

 

[Trainmaster]

I bought a 2010 Explorer with 71K miles. After a couple of years it stated throwing some phaser codes and chugging a few times. The problem went away, but just before reaching 100K miles I bought a four year, 40,000 mile drivetrain warranty on-line from Ford. A kind fellow came by to inspect, which consisted of photographing the VIN and coming along for a mile-long ride. The cost was $1300.

Now the car has 109,000 miles and the transmission's slipping in second gear. The front differential seal's leaking and from time to time the V-8 makes some ungodly bearing racket.

I never owned a warranty in my life.

Think they'll make a lot of money on me?

 

[07navi]

I bought a 2010 Explorer with 71K miles. After a couple of years it stated throwing some phaser codes and chugging a few times. The problem went away, but just before reaching 100K miles I bought a four year, 40,000 mile drivetrain warranty on-line from Ford. A kind fellow came by to inspect, which consisted of photographing the VIN and coming along for a mile-long ride. The cost was $1300.

Now the car has 109,000 miles and the transmission's slipping in second gear. The front differential seal's leaking and from time to time the V-8 makes some ungodly bearing racket.

I never owned a warranty in my life.

Think they'll make a lot of money on me?

No but they will in the long run.

 

[Machete]

I bought a 2010 Explorer with 71K miles. After a couple of years it stated throwing some phaser codes and chugging a few times. The problem went away, but just before reaching 100K miles I bought a four year, 40,000 mile drivetrain warranty on-line from Ford. A kind fellow came by to inspect, which consisted of photographing the VIN and coming along for a mile-long ride. The cost was $1300.

Now the car has 109,000 miles and the transmission's slipping in second gear. The front differential seal's leaking and from time to time the V-8 makes some ungodly bearing racket.

I never owned a warranty in my life.

Think they'll make a lot of money on me?

Not on you but probably on some little old lady who buys a brand new Toyota Camry

 

[Boostedbus]

Ok here is my take, even though I bought an extended warranty on my 17 EL XLT ,I wouldn’t do it again. I know they make a ton of money selling warranties because in the end it’s nothing but an insurance policy or call it a gift card. You pay for it up front and if it doesn’t break you lose. I also was one that needed piece of mind with these new turbo high tech engines but now I’m convinced they are like most all other engines and all they require is routine maintenance. I’ve been a Ford guy for all my life , and for the most part Ford has always made product that lasts when maintained properly. If you wanna play the odds then don’t buy the warranty because in most cases the Dealer always wins........(Car Dealer/Vegas card Dealer).....just saying that I knew better and still caved to their hype about cost of high tech repairs. Why do they push warranties if they loose money on them????

 

[Boostedbus]

Put the warranty money in a personal escrow account or something of the sort and you’ll most likely have it for the next vehicle’s repairs or just regular maintenance funds.

 

[07navi]

They definitely make money on them but I can fix almost anything on a car/truck and usually for peanuts so for me it's not worth it but even for the average person it's not worth it since like booted said; the house usually wins. You're not even betting on a long shot here.

 

[Bobnoxious]

I've had both running boards and both front window regulators replaced under the extended service plan. The plan has paid for itself, twofold, for just these four items.
If you have a high electrical content vehicle, I'd recommend purchasing the plan.

 

[07navi]

They know about the electric content and adjust by what they paid out. Lets hear from the non benefiters now

 

[Trainmaster]

The majority of buyers and lessors are sold an extended service contract, even if they don't plan on keeping the car when it's effective. That's car salesmen. And the majority of then never have a claim because they ditch the car at 60,000 miles.

Most American cars these days are pretty trouble-free for at least 100,000 miles.

It's the people who buy warranties on old tired and abused iron that can still be warranted who get to benefit.

 

[sulatek]

I agree, they make money on those warrantees and some people get lucky and win out but most don't. I would never buy one.

Yes indeed " most don't "

 

[sulatek]

actually, it turns out you didn't pay for anything you might actually need. it sounds good, but there's nothing there.

Yes, that is the reality
Like someone who buys something he may not need
And if he really needs it, he will find it out of date