New to the forum...extended warranty purchase question?

[StodgyBarley]

Hi Everyone! Just purchased a 2016 Platinum Ford Expedition yesterday and I take ownership tomorrow. It's got 92000 km so 57500 miles. I was offered an extended bumper to bumper warranty for 4 years for about $4000 Canadian.

Normally, I NEVER buy extended warranties but thought I should ask the members here if the 2016 has had any typical problems that might get me close to covering the $4000 (that's with tax) purchase price of the extended warranty. I've never owned such an expensive vehicle before nor purchased a used one with so many miles on it either so I'm wondering if I should go ahead and get it. Thanks everyone!

 

[Trainmaster]

Shop around for the Ford warranty. Plenty of dealers sell them online for half the price you were quoted. Try Lombard Ford.

With the service life of turbochargers, I'd strongly consider a $1200, five year power train warranty, though I might wait until I reached about 95,000 miles to buy it.

 

[crector080862]

I guess it's a personal choice. I personally always buy an extended warranty on a used car. Last year I bought an 07 Ford Expedition Eddie Bauer and bought an extended bumper to bumper warranty, which turned out to be a great investment. With one visit to the dealership for warranty work 3 months later and over $11,000 in work including cam phasers timing chain air conditioning and the cooling system, it's been running great. Did not cost me a penny. Hard to believe since we put more money into it then it would probably of cost Siri purchase the vehicle.

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[MidwestBoater]

I didn't realize it was even an option to get a Ford extended warranty on an older/higher mileage vehicle.

 

[crector080862]

I bought my car at CarMax they went through a third party I think it'll go up to a hundred fifty thousand miles my car only had 120000 miles on it

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[Trainmaster]

It depends on the model, but I was able to by a Ford Dealers' warranty on a 2010 97,000 mile Explorer last year. I believe it's 4 years, 40,000 miles. Bought it on-line. The local dealer asked $3,600. I paid $1,300. They sent some fellow to take a ride and check the VIN.

 

[TobyU]

Never buy with purchase.
As soon as you register it you will get mailings, emails and phone calls for warranties.
Most of those are bad ones or way too high....but point is, don't buy when you buy vehicle.
Wait and shop. You have time. ANYTHING the dealer or salesman tells you otherwise is incorrect.
I would only get a FORD real one though.
Some people have gotten a lot of work or money out of aftermarket ones....but I am an unlucky warranty person.

 

[Adieu]

4 years of warranty on a newish vehicle for $3k USD...is kinda tempting just in case.

Depends on how much you paid, how much you drive, and the fine print in the warranty I guess? And your general approach in life, do you insure to the max or to the min?

 

[StodgyBarley]

Thanks everyone for the comments! I appreciate it! I'm usually an insure to the minimum kind of guy but never had a vehicle with turbos in it before nor all the bells and whistles like this one. I think I'll wait a few weeks and give it some more thought. It's got a power train warranty for another 5000 miles but all the electronics make me a bit nervous. Anyway, 11.5 hours until I'm driving it so I'm one excited guy! Thanks again everyone!!

 

[Adieu]

Thanks everyone for the comments! I appreciate it! I'm usually an insure to the minimum kind of guy but never had a vehicle with turbos in it before nor all the bells and whistles like this one. I think I'll wait a few weeks and give it some more thought. It's got a power train warranty for another 5000 miles but all the electronics make me a bit nervous. Anyway, 11.5 hours until I'm driving it so I'm one excited guy! Thanks again everyone!!

Turbos are usually supposed to be more of a PiTA at 150 or 250, not 50k mi though? Or do you drive that much?

As to non-engine stuff, the rest is all very modular, approachable, and DIYable.... hell even the motor is probably a lot more accessible, what with sitting in a roomy V8-sized bay vs. the usual situation with turbos (dunno never wrenched on ecoboost, the triton sure was a lot more forgiving than small sedans though)

If you're leaning towards the warranty, re-read what's actually included in it and what isn't. And what's required to keep it up.... maybe it's even just a trap for 4 years of costly must-be-done-here overpriced scheduled maintenance at extortionate rates?

Also... what % of your purchase price is the warranty?

 

[Trainmaster]

You can find all the detailed documentation on every Ford warranty and the actual contracts available in .pdf files at Lombard Ford's site, as well as easy price quotes. Spend the time to read it, so you know exactly what's covered with each type of warranty. Most salesmen never read this stuff and will just lie to you to push you into the ones that cover ashtrays.

The lowest priced offering, for example - ESP Powertrain Care - offers full coverage for turbos and manifolds, seals and gaskets. Ten years, up to 140,000 miles for your car in Maine would be $1,600 with discount codes. Don't know what Canada does for you.

https://www.lombardfordwarrantys.com/

 

[bobmbx]

No matter what you decide, read every word of that warranty. Some come with so many restrictions that they are rendered useless the moment you sign it.

 

[TobyU]

Turbos are usually supposed to be more of a PiTA at 150 or 250, not 50k mi though? Or do you drive that much?

As to non-engine stuff, the rest is all very modular, approachable, and DIYable.... hell even the motor is probably a lot more accessible, what with sitting in a roomy V8-sized bay vs. the usual situation with turbos (dunno never wrenched on ecoboost, the triton sure was a lot more forgiving than small sedans though)

If you're leaning towards the warranty, re-read what's actually included in it and what isn't. And what's required to keep it up.... maybe it's even just a trap for 4 years of costly must-be-done-here overpriced scheduled maintenance at extortionate rates?

Also... what % of your purchase price is the warranty?

I don't think turbo longevity has improved by leaps and bounds and I have extreme doubts about many ecoboosts having original turbo(s) by 125-160K.

 

[Adieu]

I don't think turbo longevity has improved by leaps and bounds and I have extreme doubts about many ecoboosts having original turbo(s) by 125-160K.

It's not exactly a unit designed for max torque and horsepower, operating skirting the edge of meltdown or anything...

 

[TobyU]

It's not exactly a unit designed for max torque and horsepower, operating skirting the edge of meltdown or anything...

If you are saying its working relatively easy so if should last longer....not the case with turbos.

High boost levels does strain the bearing a little more maybe only a little bit more. Cranking boost up makes it hard on so much else but not really on the turbo itself.

Turbos spin at ridiculously fast RPMs regardless whether at 6psi or 26.

They often have bearing problems, sticking, seizures, and bearing/shaft play which can bang the turbine into housings.

I don't really think even just loafing along not cranking hp up to high levels will really give them any more life.
It's just accepted that turbos are a wear item that usually need replacement sometime in the life of a vehicle. The same can be said for a starter and alternator, but you have to have these two.
You don't have to have a turbo.

 

[iaazan]

I've bought two extended warranties, one on a used Nissan Titan and one on my wife's brand new Hyundai Santa Fe. Never needed them because I can DIY most stuff and I perform maintenance. I quit buying them 4 vehicles ago and never looked back. Past 20 years has seen manufacturing and engineering standards exponentially rise, so with a little TLC on your vehicle you shouldn't need it. Give it a bath, use high quality fluids and replacement parts, etc. Penny wise pound foolish, or pay attention to the pennies and the dollars take care of themselves.

 

[1955moose]

Well here's an idea that no one has mentioned. I used to have a job, one of many, years back selling maintenance contracts for TV's and Stereos we sold. One thing that was taught to me, and made more sense, was whatever the price of the contract, bury that amount away, don't touch it, unless you need it. Now I don't know your spare $ situation, but if you can muster up that kind of dinero, sock it away, preferably with a trusted family member, you'll be way ahead of the game. Problem is cars/trucks are more likely to break than a television, but it's something to consider.

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[bobmbx]

Well here's an idea that no one has mentioned. I used to have a job, one of many, years back selling maintenance contracts for TV's and Stereos we sold. One thing that was taught to me, and made more sense, was whatever the price of the contract, bury that amount away, don't touch it, unless you need it. Now I don't know your spare $ situation, but if you can muster up that kind of dinero, sock it away, preferably with a trusted family member, you'll be way ahead of the game. Problem is cars/trucks are more likely to break than a television, but it's something to consider.

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It is now, and has been for a while, cheaper to replace a TV than it is to fix it. And the new one will be better than the one that broke.

 

[1955moose]

That's true, but not my point. Rather than plunking down 2-4 grand to these guys, if you have the money, and don't need any big repairs, you've saved that money. And if you do need it, it's there, and you didn't waste extra interest on your SUV payment.

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[Matticus]

Well here's an idea that no one has mentioned. I used to have a job, one of many, years back selling maintenance contracts for TV's and Stereos we sold. One thing that was taught to me, and made more sense, was whatever the price of the contract, bury that amount away, don't touch it, unless you need it. Now I don't know your spare $ situation, but if you can muster up that kind of dinero, sock it away, preferably with a trusted family member, you'll be way ahead of the game. Problem is cars/trucks are more likely to break than a television, but it's something to consider.

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+1 to this. If the price for the warranty is that high, my opinion is that the odds are in your favor to just stash that cash as a rainy day fund for the possible problems that may come up. It seems like most warranty programs for vehicles are like playing the odds in vegas: a few people will make it home breaking even, even fewer come out ahead, but the rest fund the building and maintenance of the casinos.

I've seen a few that offer a refund at the end of the warranty period (minus a fee) if you don't use it, but that means that if you use if for a repair that even costs a few hundred bucks, you're out the full amount. So, you end up being super stingy and paying for the work out of pocket and still lose money when you get the refund