Used 2013 Expy-Extended Warranty Worthwhile?

[mrlynn]

We just bought a used 2013 Expedition EL, with 33k miles (it had been a rental). The truck is Certified, which means 12 months/12k miles 'bumper-to-bumper' coverage from date of sale, plus extending the drivetrain warranty to 7 years/100k miles from date of first service (which was March 2013).

The business manager of course is trying to sell us an extended warranty (ESP), for $1,715. This, he says, extends the Certified 'bumper-to-bumper' warranty to the length of the drivetrain warranty.

I don't usually buy extended warranties, but my wife was persuaded. I'm wondering what the experience of other Expy owners has been, and what your thoughts are concerning Ford extended warranties in general.

I should add that there's a $100 deductible for each repair visit—the manager says he'll reduce it to $50. He's obviously willing to deal; he started at $1,915, and knocked $200 off when we told him we'd be using their dealership for service. Don't know if he meant routine maintenance, because I'll take it to my local shop or do it myself. I meant warranty service.

Any advice, pro or con, welcome!

/Mr Lynn

 

[Quasar]

Not sure about all states but here in Wisconsin they do what is called a reducing deductible. It's either 50 or 100 dollars everywhere warranty is accepted, but if taken back to the selling dealership the deductible is ZERO from your pocket.. if you can get that it's definitely worth it. Although $50 everywhere isn't terrible either.

Is this the ford ESP or another companies warranty they are selling you?.

 

[mrlynn]

Not sure about all states but here in Wisconsin they do what is called a reducing deductible. It's either 50 or 100 dollars everywhere warranty is accepted, but if taken back to the selling dealership the deductible is ZERO from your pocket.. if you can get that it's definitely worth it. Although $50 everywhere isn't terrible either.

Is this the ford ESP or another companies warranty they are selling you?.

I can ask about a "reducing deductible." You never know what these guys are not telling.

This I think is the Ford ESP. That's the title of the brochure, anyway. There are exceptions listed for Florida and Texas, but we're in Massachusetts.

/Mr Lynn

 

[Quasar]

I figure being a 2013 at a ford dealer it would be the Ford ESP.

One other suggestion, ask them if you can by a used car extended warranty vs the new car extended warranty. Im not sure of the cost difference and you would need to confirm equal coverage.

With the used car warranty, you will get 7 years and 100k from the date you drive it off the lot. Not loosing 1.5 years and 33k miles of warranty you are paying for.

A good used car warranty company i am aware of is thru fidelity also known as the jm&a group. Ive gotten that warranty on my last two vehicles.

 

[mrlynn]

Quasar, that's an interesting question, whether they'd extend the warranty to 7/100 from date of sale, not of manufacture. They would doubtless charge more.

Have you actually found good value in those two warranties, i.e. gotten enough repairs covered to justify them? Some people I've talked to on another forum say they never do.

/Mr Lynn

 

[Quasar]

Well, I am unsure if they offer that on the Ford ESP since technically it has 3000 miles of factory warranty left. It would have to be a used car warranty from another company like I mentioned as far as I am aware. Every company will be a little different but I usually buy the "platinum" coverage which usually says something like everything on the vehicle is covered except for this short list.. Which is like tires, wheels, glass etc etc.

You might pay 2500-3000 for the warranty depending on term. But technically even if you bought a 6 year 100k warranty you will still be under warranty longer with a higher mileage limit than you would have with the ford esp.

Also, if your gonna spend the money on an extended warranty, make them decertify the truck, it's essentially wasting another year and 12k of your ford ESP. I made them do that on my parents montego.

Finally your last option is do not buy a warranty today. Let the factory warranty and certified expire and put that warranty money aside and save up the difference and buy your warranty one year from now. If mileage stays lower I bet you will still be able to get a 6 year 100k extended warranty and have it all start the moment you sign papers

 

[Quasar]

The only reason to do it now is if only way you can get the warranty is to roll it into the financing. Otherwise most dealers can do a separate financing plan for one or two years if you buy after the fact. All depends on what you are comfortable with for payments.

 

[Quasar]

As far as justifying the warranty, I have been fairly lucky, my previous car was a Crown Victoria, I definitely used the warranty a few times. Not sure I broke even or not but it had to be close. It's really a gamble, no matter what. But really if two major components fail in the next 6-7 years the warranty could have potentially paid for itself that easily.

 

[toms89]

It's basically a $1,715 insurance policy which you will have to pay $50 per visit.

Drivetrain includes engine, transmission, transfer case, differential etc.

So it's basically is covering the rest non-powertrain related high dollar electronics, power windows, etc..

If you think you may potentially have over $1715 in repairs within the time span or miles non- drivetrain related go for it.

I believe the odds are in the dealers favor that you will not. Its a gamble..

If you have no repairs needed you wasted $1715 for piece of mind. Or even if you have some and it does not add up to $1715 you wasted the difference. You cannot ask for it back.

 

[toms89]

If you had that amount and put it in savings you could use it if necessary and it earns interest. As long as the total amount of repairs fall under the $1715 you make out and that money is still yours. Over that and you get the picture....... lol.

 

[mrlynn]

It's basically a $1,715 insurance policy which you will have to pay $50 per visit.

Drivetrain includes engine, transmission, transfer case, differential etc.

So it's basically is covering the rest non-powertrain related high dollar electronics, power windows, etc..

If you think you may potentially have over $1715 in repairs within the time span or miles non- drivetrain related go for it.

I believe the odds are in the dealers favor that you will not. Its a gamble..

If you have no repairs needed you wasted $1715 for piece of mind. Or even if you have some and it does not add up to $1715 you wasted the difference. You cannot ask for it back.

"Prediction is very difficult, especially if it's about the future." - Niels Bohr

If you had that amount and put it in savings you could use it if necessary and it earns interest. As long as the total amount of repairs fall under the $1715 you make out and that money is still yours. Over that and you get the picture....... lol.

I'm inclined in that direction, myself. Business manager said they wanted a deductible because they charge a 'diagnostic fee' every visit. That's just money grubbing; some problems are obvious, or take only a quick trip through a trouble-shooting diagram. I can do some myself, and my shop doesn't charge for diagnosis unless they have to spend time doing it.

The drive-train warranty is fine, and included with the certification. For the rest, I'm thinking we'll self-insure.

I should get a service manual, though.

/Mr Lynn

 

[aircargoo]

yes...get it. you will need them in future. includes drivetrain right???

 

[mrlynn]

yes...get it. you will need them in future. includes drivetrain right???

Already have the 7/100 drive-train warranty, from Certification. The question is about the rest.

/Mr Lynn

 

[toms89]

yes...get it. you will need them in future. includes drivetrain right???

Drivetrain is already covered according to his first post.

He would be basically purchasing $1715 plus visit fee for bumper to bumper coverage. So it covers everything other than drivetrain components which are already covered as I understand it anyways.

I purchased bumper to bumper service plan for my taurus sho from a toyota dealer when purchased.

$0 deductable. $50 a day rental car reimbursement coverage. $100 a day for meals and lodging if more than 150 miles from home. Road side assistance included. 3 years 36,000 miles on top of mileage when purchased. $2195 There was 47,000 miles on the odometer. Zero warranty left other than the factory powertrain warranty which was good for 50,000 miles according to the owners manual. Its twin turbo, 24valve, direct injected, awd, and fully loaded so there is a lot that can go wrong and can get expensive quickly. The drivetrain was my primary concern as far as potential expense.

It was a much smaller percentage for me to extend it to bumper to bumper from the basic drivetrain warranty so I did it. Can't remember the exact figure though.

$1715 plus visit fees seems excessive to me for just for coverage over and above the drivetrain warranty?!

 

[Mangina]

I wouldn't be concerned about the drivetrain myself, but if you can get extra coverage for the bubbling hood and tailgate paint it would be worthwhile lol.

 

[mrlynn]

I was remiss in not following up. I did NOT elect to purchase the extended warranty. The dealer finance guy did not push it after the initial meeting; I think he sensed that I was a hard sell. Comments here were definitely helpful; thanks.

/Mr Lynn

 

[01yellerCobra]

I bought the extended warranty on mine. It's been to the dealer twice and the total amount was more then the warranty. It's going back one more time before the warranty runs out. This is the first vehicle I got the warranty on. And it's also the first one tjat needed it.

 

[DetroitDarin]

I don't trust most american-made cars; electrical gremlins can be expensive. I probably should have picked one up for my truck - still might; IF it covers things like "Why the hell did the rear wiper stop working? Why the hell did the windshield washer stop working? What's up with the passenger power seat not working sometimes? Damn UAW was probably smoking weed when my truck came down the assembly line"