Gerrard155

It depends upon your situation. I live in an extreme environment with high wear on parts-its worth it for me.

For someone in florida, not so much....

16XLT

Here is how I look at extended warranties...have a warranty to last you the length of your loan. You would hate for something big to break and you still have two years left on your loan.

News in

I always assumed the probability of using the extended warranty and recouping the money paid for the warranty is low, or else they wouldn't make any money selling the warranty! But I've got a simple mind. Like rain man, but not as good with numbers.

JayS2015

I agree if you're getting ripped off - do you think 1000 dollars for 40,000 additional miles covering all components except for wear and tear items is not worthy? If I were to shovel out 3K for a warranty - no brainer, take your chances... it comes out to 250 dollars for each 10K miles past factory warranty up to 75K miles.

And I wouldn't be financing this - would pay cash.. and there is no "note" - the truck is also paid off. I don't like paying interest..

redfred

That's your decision to make but for me I always buy a premium care warranty, I just bought a 5 year/ 75,000 for my new Lariat and paid $900.00. For me, it's just a safety measure.

JayS2015

for the price just doesn't seem like a waste to me all things considered... you got a good deal sounds like!

German_truck

So you would need a non-powertrain (covered by warranty) repair(s) costing you $900 in just 2 yrs for this warranty to Break-even...Ok....

You can fix a lot of non powertrain things for $900 ...

Standard "bumper to bumper" - 3yrs/36k
Powertrain - 5yrs/60k

Most extended warranties extend the standard bumper to bumper for 2-3 yrs at a hefty premium. Selling extended warranties is the biggest profit margin item for a dealer.

o0MEGA0o

Hard to put a price on peace of mind.

My 1999 F150 spit out 2 motors. $1200 for an "extended warranty" more than paid for itself.

15ScrewSport

When my wife bought her 2010 Escape, the finance guy tried selling us the extended warranty for $1,250. I haggled him down to $750. Point being, they have wiggle room.

German_truck

and that's EXACTLY why the finance guys in "the box" love selling these extremely high profit margin extended warranties. Car/truck buyers stop thinking rationally and are guided by emotions "hard to put a price on a piece of mind" (= don't question the math behind the price of the warranty).

MOST extended warranties people here have mentioned barely (!) go beyond the 5yr / 60k miles powertrain warranty... so your 2 engines are usually covered regardless of an extended warranty (unless of course the engine magically fails in year 6 or 7 with just 15k more miles on it).

Buying an extended warranty is like going to Vegas and betting against the house. The house nearly always wins and it's not even close. Consumer advocate groups warn against extended warranties, they get mediocre satisfaction scores in reviews... but hey... hard to put a price on a piece of mind Even worse - many finance the extended warranty with the truck purchase and it gets rolled into the financed amount. So you are not only paying for the warranty but you are also paying interest on it....

But it's hilarious when you buy a truck that the sales guys will talk all day long how good and reliable the F150 is ... and then later the finance guy makes it sound like you are about to purchase the biggest piece of junk which is about to fall apart the day the standard warranty ends...