LN-RTP

babock

I bought a 3rd part warranty. Was $500 plus $150 to cover electronics. I normally never buy warranties but since I have a Lariat and I have the adaptive cruise, I felt it was worth it this time just for the electronics alone. If I had bought the XLT, I would not have bought it.

digitaltrucker

Have you tried using it? How has it worked out? Im sure I am not the only one that feels this way.

eyecandynsx

When I worked at Subaru, this was the case as well. If you cancelled the maint plan, or extended warranty, you got credited that amount on the loan, but did not receive a check or have your payment amount change... unless you paid cash for the vehicle.

babock

My truck has 5K miles on it so I won't need to try it out until the factory warranty runs out.

I bought it through the credit union I have been a member of since I was a teenager...59 now. This credit union has used this warranty service for many years and have had nothing but good things to say about it. I was cautious about it as well.

Many years ago, I purchased a warranty for my Lexus. It was unique in that if you never used it and still owned the car at the end of the warranty period, you received all your money back. They bank on the fact that most people don't keep their cars long. It was sold as being a Toyota/Lexus warranty but it was actually a 3rd party that Toyota used.

jag1886

Just get your money back and forget about the extended warranty period. These things are the biggest money maker the dealers have. They know that 98% of the time you will never need as much warranty work as the thing costs or they wouldn't sell them. If you don't believe me talk to your investment banker he'll tell you the same as me.

marshallr

Businesses don't sell products unless they are making a profit on it. Especially extended warranties. I won't buy one. In my experience if it doesn't break in the 1st 20,000 miles it is good for 200,000 miles. The basic factory warranty is meant to cover manufacturing or assembly defects which show up within a fairly short period of time. If it makes it through the basic warranty period and later breaks it is a part not designed to last the life of the vehicle (tires, shocks, brakes, alternators, batteries, etc.) or it broke from abuse. If proper;y maintained the expensive stuff is good for at least 200,000 and often 400,000 miles unless there is a flaw that would have shown up much earlier.

Even if you need work done there are independent shops that will do that work, and do it better, for 1/3 what the dealers charge. The best mechanics start in dealers shops, but open their own shops, charge less, and make more profit since most of it isn't going to the dealership. I won't pay for extended warranties, and won't let a dealer touch my vehicle unless they are paying for warranty work.

dodgeman1

digitaltrucker

Been doing business with my CU for 40 years, I would never buy anything on their recommendation. While CU's are generally suppose to serve us the little guys, they are forming these CU coops and are becoming just like banks!

Good luck!

Slowtrucker

If you drive 15,000 miles a year or less this might be true.

Au` Contraire! On multiple counts sir!

Air Conditioners don't normally last much over 100,00 to 150,000 miles regardless of brand. Any extended warranty that does not go substantially over 100,000 miles probably is not worth it however if you can find one that will go to 175,000 miles and 7 or 8 years (Ford) it is worth it. Most troubles start showing up in the 125,000 to 175,000 range and the ESP does cover them. Since A/C works seems to start at $500 + for controls and generally runs around $1200+ for the other bits, *I* consider it some of the 'expensive stuff'. One of those pays for the ESP. Most of the current crop of vehicles have multiple computer systems in them and to get the test unit hooked up can cost around $100 and then you get to pay for the tech time to look up the error message and repair/replace the various sensor involved. Oddly enough ESP does cover the alternator and shocks. Tires and batteries are consumables not warrantied. https://www.floodfordesp.com/coverage.php

If you purchase a Maintenance Plan for the limit it is offered the cost is generally the same as oil and filter changes for the time/mileage covered but now you married the dealer into doing all of the repairs. Since they are doing everything and it is covered I don't care what they charge because Ford sets the price that it will pay the dealership and that includes brake jobs, shocks, belts, and coolant hoses. https://fordprotect.ford.com/premium-maintenance-plan?searchid=291998006 &s_kwcid=AL!2519!3!267762458108!b!!g!!%2Bford%20%2 Bmaintenance%20%2Bplans&ef_id=Wvxi5AAAATS9uZVy:201 80619015128:s


That "rule" stuff may be true if your use of the vehicle is minimal. However if you drive 20K miles or more a year, the numbers change significantly in the long term - like about 6 years out. However the older the vehicle the lower the incentive to protect yourself.

As for what you heard, people say all sorts of things that sound neat but aren't.

I have posted a couple pages that detail what is and what is not covered in both the extended warranty and maintenance plans.

YMMV