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2004 - 2008 F150 2004, 2005, 2006, 2007 and 2008 Ford F150's with 5.4 V8, 4.6 V8 or 4.2 V6 engine
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  #31  
Old 09-12-2004, 07:01 PM
Medicine Man Medicine Man is offline
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Wink Buy a Bentley Manual

As soon as they a published, I will buy a Bentley Manual for my 04 Screw 4x4 5.4. The way I figure, it is about $1700 cheaper than most extended warrenty's. Yes I will pay for the parts that fail but 100,000 miles are not that much in the real world. The manual will continue to provide for the LIFE of the truck. The way I see it...the extended warrenty programs are in business to make money..lot's of money. JMHO.. Click the image to open in full size.
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  #32  
Old 09-12-2004, 10:11 PM
79REK 79REK is offline
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Quote:
Originally Posted by Medicine Man
As soon as they a published, I will buy a Bentley Manual for my 04 Screw 4x4 5.4. The way I figure, it is about $1700 cheaper than most extended warrenty's. Yes I will pay for the parts that fail but 100,000 miles are not that much in the real world. The manual will continue to provide for the LIFE of the truck. The way I see it...the extended warrenty programs are in business to make money..lot's of money. JMHO.. Click the image to open in full size.
Take a look at eBay. You can get service manuals on DVD for the 2004 and 2005 F-150 (along with the manuals for every other Ford made from 2001-2005) for less than $50.

Obviously, the average person who buys an extended warranty spends much less that $1800 on repairs over the life of the warranty. These companies aren't in business to loose money or break even. I spent less than $150 on repairs on my '97 F-150 and the previous '90 Ranger put together so I figured it wasn't such a good deal.
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  #33  
Old 09-12-2004, 10:35 PM
DMANBOSS73 DMANBOSS73 is offline
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You should strongly think of the war. Even if you never use it its good for the peace of mind. And remember how expensive things like transmission engines and abs parts are. And you can add esp to the truck at any point so long as you do it before your factory war runs out. so you acutally have 3 years to add the esp not one and what ever price your dealer is offering you now they can do the same in three years. i know cause i work at a dealer
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  #34  
Old 09-13-2004, 05:24 AM
lardman lardman is offline
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My brother never used his warranty on his last f150 and they returned a prorated protion back to him...just over $900.
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  #35  
Old 10-03-2004, 08:30 PM
fanfare fanfare is offline
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As a former F&I person...

I don't buy the extended ... and I advise friends/family against it. Although I've heard situations where it has been useful ... I almost always heard (from those coming in for second vehicles who had purchased an extended on their first) that they never needed any repair that would warrant the cost of an "extended" until after the 6/100. Don't get me wrong ... there were times I heard people say they were glad they had it because it saved them $$ on a repair (I always loved to hear that because I knew they would be buying another extended)... but I'd have to say that this happened with less than 5% of people who bought new vehicles (and I worked for a GM dealer... so go figure).

I agree with the moderator, however, in regard to buying a Ford warranty. If you are going to do it ... make sure it's from Ford. We use to sell both GM and secondary ... and although the GM extended was more ... it was much better.

Here is one thing to keep in mind. Both the dealership .. and the F&I person make $$ when they sell you a warranty. F&I gets paid on points and percentages. They usually get $100 if they finance you on the base rate ... and they take any points above that if they write it on a higher rate. This may not sound like much .. but a full point on a 30k vehicle yields the full future value of the paper and it's paid out by the bank to the dealership (in other words, it comes out of your pocket). It's compounded in accordance with the finance contract ... so you can't just figure a straight 1% on the 30K ... you need a 'sum of squares' calc that compounds the yield. Anyway, for those who don't know ... F&I gets their paycheck based on what they write (LA&H, extended warranties, contract points, and a few other items that vary depending on the dealership). I can't speak directly about Ford paper .. but I can tell you that the dealership I worked at before marked their warranties up between 25% - 35%. So for $1800 - $2000 of your money ... they get around $450 - $600. Of course secondary market warranties don't cost as much .. and yield a bigger % for the dealership ... but like the man said they are often worthless.

Hope that helps,

ff

(proud owner of a brand new XLT Screw as of 2 days ago)
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  #36  
Old 10-04-2004, 02:12 AM
Polaris800 Polaris800 is offline
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As some others have said, statisticly you are better off not buying the extended warranty. If Ford wasn't going to make money the majority of the time then they wouldn't sell the warranty. I only buy the warranty if I get a good deal. With our supercrew we ended up getting a spray-in bedliner, rustproofing / Sound deadener, and a 6 year 75,000 mile premium care for $1,465. Couldn't turn down that deal so we bought the warranty.

Corey
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  #37  
Old 10-04-2004, 08:57 AM
volley volley is offline
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I agree that an extended warranty is a great idea if you plan to keep the truck awhile. However, I am not convinced it makes sense to pay for it for the first 3yrs/36 months that you already have bumper to bumper coverage. When my new truck comes in I plan to keep it for many years to come but I think I would rather wait until the initial warranty is closer to expiring. Unless you pay for it cash, up front why put it in your loan and pay interest on it for 3 years that you dont use it.

Also, as mentioned shop around. Try other dealers, warranty direct, and as mentioned even your insurance company may now offer some sort of service plan.
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  #38  
Old 10-11-2004, 09:15 AM
jrday jrday is offline
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We r looking @ a 2004 Expedition EB 4x4... my local dealer still has 47 on their lot as of Oct 11th... they r offering DEEP discounts to clear them (the 1 we liked: 13k off an MSRP of $48.5k). Based on the problems we have had w/ our 1999 Expedition EB 4x4, we r STILL hesitant to close the deal. Ford's ESP Premium, 5yr/100k, "lists" for $2450.00... OUCH!!!...

I have read some posts that say that ESP are 55-60% dealer profit... while others have said only 25-30% dealer profit... Does anyone have any thoughts/experience negotiating down the $ of a FORD ESP?

Thanks
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  #39  
Old 10-11-2004, 10:08 PM
brendog brendog is offline
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Not worth it in my opinion! Way too much money. $1700 now is a hell of an insurance policy on a $30,000 item. That is basically an 6% pre-paid deductible fee for an insurance payout that you will probably never collect. You won't ever collect it because the chances that you'll have a major problem coupled with the likeliehood that they will actually pay you (without a fight that will cost you more than $1700) are slim to none. That was my attorney's advise to me and I agree....
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  #40  
Old 10-11-2004, 10:46 PM
edman04 edman04 is offline
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Quote:
Originally Posted by LAL426
Just purchased a 2004 F150 FX4. I really like the truck - this is my first 4x4 pickup. Shopped all the other major trucks, but kept coming back to the F150. Anyways, I can pickup an extended warranty that will give me 6 years and 100,000 miles for $1700. What do most people think about purchasing this warranty? I have 12 months or 12k miles to make the decision at the same price. Thanks
$1700.00 is too much money. Negoitiate with your dealership. They can go lower on the price. I didn't buy an extended warranty on my 2004 F150. But I have on previous vehicles. I got an $895.00 ESP (5 years: 75,000 miles) for $700.00 on my last vehicle. The extended warranties don't work well for me. I drive 12,000 miles per year. Most problems are covered under the 36,000 - 3 year warranty.
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  #41  
Old 10-12-2004, 08:38 PM
Frankman Frankman is offline
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I purchased the premiumcare 6year 75,000 mile warranty for $1099 the day I picked up my truck. I have a 2wd xlt. The price is very negotiable, they started out at $1400 I said no and they came back with $1099 after I said another dealer sold me one for my Mountaineer for a lot less money. They are both premiumcare Ford warrantys.
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  #42  
Old 10-12-2004, 08:56 PM
85e150six4mtod 85e150six4mtod is offline
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So far, Ford is waaaaayyyyyy upside down on the two I've bought.....

900 for a tranny and a/c on one, then I got a refund of a few hundred as I cancelled the warranty after I totalled the car.

1650 for an exploder tranny and diff.--not a steal, but about a 50% discount...

If you're going to keep the rig past the 3/36, bargain for ESP and buy it.
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  #43  
Old 10-12-2004, 09:37 PM
thosetwins thosetwins is offline
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Just buy it before the 3yr 36K runs out. Why buy something up front when you can get it before the base warrranty is up. You may not even have the truck that long.
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  #44  
Old 10-14-2004, 06:02 AM
lardman lardman is offline
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Quote:
Originally Posted by thosetwins
Just buy it before the 3yr 36K runs out. Why buy something up front when you can get it before the base warrranty is up. You may not even have the truck that long.
The more miles you have on your vehicle the higher the price of the warranty. I bought a used windstar (1 yr old, 18,000 miles) and they had a separate chart they looked at that was more $$$ for the plan. Don't recall how much more...
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Old 10-14-2004, 06:02 AM
 
 
 
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