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Old 07-13-2011, 07:45 PM   #1
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Default Extended Warranty, worth it?

I'm just about a week out from picking up my f150 SCrew EB. I'm confident the dealer will twisty arm for the extended warranty. Is it worth it? What have you guys done? With this being a long term investment for me plus new technology I'm thinking yes. What say ye?
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Old 07-13-2011, 07:49 PM   #2
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I say do it. I think I'll do more than 36k in three years easy so I got it. The other thing is resale people love seeing that.

Biggest thing is it is negotiable! Remember that. I didn't know it when the dealer hit me up and wish I knew. It's not that much more money for piece of mind.
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Old 07-13-2011, 07:52 PM   #3
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Yes.

Get the 100k maint warranty as well, it pays for itself with the 30k and 60k services alone and covers most everything else your service warranty doesnt. Even get free oil changes, and you can get deals on it as well.

Last edited by Rhyder; 07-13-2011 at 08:03 PM.
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Old 07-13-2011, 07:54 PM   #4
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i usually pass on it but started thinking about it there are tons more of potential failures not covered by the basic. Tons of electrical and sub systems that were not around 5-10 yrs ago.
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Old 07-13-2011, 08:07 PM   #5
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Dont forget, 1st year engines too.
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Old 07-13-2011, 08:08 PM   #6
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Well, worth it or not, it often doesn't make sense to purchase a warranty from the dealer when you buy the truck. Two main reasons:
  • Extended warranties are a high-profit item for dealers. If you shop around, you will likely find a significantly lower price for the exact Ford warranty. Search the forum and you'll find several dealers/places known for great warranty pricing.
  • As long as you buy the warranty in the first 36 months, the cost is the same. Perhaps you'll decide not to keep the truck longer than three years... Even though the warranty is transferable, you will likely not get anywhere close to your money back on resale.
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Old 07-13-2011, 08:11 PM   #7
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Quote:
Originally Posted by pfbz View Post
Well, worth it or not, it often doesn't make sense to purchase a warranty from the dealer when you buy the truck. Two main reasons:
  • Extended warranties are a high-profit item for dealers. If you shop around, you will likely find a significantly lower price for the exact Ford warranty. Search the forum and you'll find several dealers/places known for great warranty pricing.
  • As long as you buy the warranty in the first 36 months, the cost is the same. Perhaps you'll decide not to keep the truck longer than three years... Even though the warranty is transferable, you will likely not get anywhere close to your money back on resale.
Actually, according to ford, you get your money back on unused portion of warranties if you trade or sell the vehicle if you choose. Not sure what the prorate is on it, may be like NTB, (meaning you get $23 on some $165 each tires, and they tell you to shut up and be glad you got anything on a 3 week old set of tires that all four belts broke on :P ) but getting the cash back is a nice feature.

Plus I got the extended waranty for up to 100k for 1090.00, not much at all for coverage for the tail end 65k miles of my 100k.

If it was going for 5k or something then thats a differnt issue.......

Last edited by Rhyder; 07-13-2011 at 08:17 PM.
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Old 07-13-2011, 08:55 PM   #8
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Quote:
Originally Posted by Rhyder View Post
Actually, according to ford, you get your money back on unused portion of warranties if you trade or sell the vehicle if you choose. Not sure what the prorate is on it, may be like NTB, (meaning you get $23 on some $165 each tires, and they tell you to shut up and be glad you got anything on a 3 week old set of tires that all four belts broke on :P ) but getting the cash back is a nice feature.

Plus I got the extended waranty for up to 100k for 1090.00, not much at all for coverage for the tail end 65k miles of my 100k.

If it was going for 5k or something then thats a differnt issue.......
Just remember the "extended" warranty does nothing for the first three years while it is under the manufacturers included warranty. If you get a six year extended warranty, sell the vehicle at 36 months and get a 50% pro-rated refund, you paid half of that $1090 for exactly nothing.

And since you could buy that same warranty at the same price after 35 months, I just see no advantage to doing it at vehicle purchase.
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Old 07-13-2011, 09:01 PM   #9
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Like it was stated above: shop around. Even if you call Ford directly to buy the warranty you could save a lot over what the dealer wants. I laughed in the finance guys face when he told me it would be around $2000 to get it.
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Old 07-13-2011, 09:19 PM   #10
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Check out quotes at: http://www.zeiglerfordesp.com/
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