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Old Oct 29, 2014 | 12:18 PM
  #1  
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extended ESP coverage

I have a 2013 F250 SD 6.7 and am wonder whether any thoughts ifextended warr is worth the money. I have 24K on it now and they want $3170 to take it to 100K TIA

Paul
 
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Old Oct 29, 2014 | 12:25 PM
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CMill250
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I will be doing the same thing but that price seems very high, you can buy this from any Ford dealer in the country so I would shop around. I have this place book marked as it seemed to be low but will do much more digging when I'm ready to buy. Plug your details in and see if it's cheaper.

https://www.championfordwarranty.com/Default.asp
 
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Old Oct 29, 2014 | 12:47 PM
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I'd do some research on any company you pick. It seems that an awful lot of time, these companies find ways to avoid having to pay.
I worked for a company that offered extended warranties, although not vehicles, and you can't believe how they can work around avoiding to pay the claim.
After all, they need to make a profit too!
I'd read the fine print Very carefully before donating to the cause.

After all, isn't that why you bought a Ford?
 
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Old Oct 29, 2014 | 09:37 PM
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I'm looking for an ESP plan too. Take a look at Flood, Troy and Zeigler. They seem to be the cheapest. They also offer Diesel EngineCare plans up to 7 years and 200k. I'm trying to compare all the different plans and I'm lost...
Hopefully someone will let us know which plan covers the most critical parts, this is my first diesel truck.
Good luck, let us know which plan you choose. I'll be watching.
Thanks
Rick
2015 F350 Lariat PSD
 
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Old Oct 30, 2014 | 08:59 AM
  #5  
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my_crib_too
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When I purchased my truck, I also purchased a 7year/100,000 mile FORD ESP. A week or two back, I found that Ford now offers an 8year plan. That was not available when my truck was new. I found the best internet price that I could on an 8year/125,000 mile plan. Visited my dealer with the original receipt for my plan. Paid the difference and was on my way in a few minutes. They were happy to upgrade my plan.

For every ESP that I've ever purchased, I've first internet shopped for the best price. My dealer matches without hesitation. This pre-shopping before chatting with the dealer has saved me a lot of cash.
 
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Old Oct 30, 2014 | 12:29 PM
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Originally Posted by my_crib_too
For every ESP that I've ever purchased, I've first internet shopped for the best price. My dealer matches without hesitation. This pre-shopping before chatting with the dealer has saved me a lot of cash.
One reason they have become so popular is the profit margins with these. Big! Just like any life insurance plan, you're betting on yourself dying, they're not.

Then there's the extra incentive plans for the salesman when they can close the deal. Our people had goals that they were measured against.

These plans are for some, not for others. Just as said before, do your homework first.
 
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Old Oct 30, 2014 | 03:06 PM
  #7  
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my_crib_too
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Originally Posted by r2millers
One reason they have become so popular is the profit margins with these. Big! Just like any life insurance plan, you're betting on yourself dying, they're not.

Then there's the extra incentive plans for the salesman when they can close the deal. Our people had goals that they were measured against.

These plans are for some, not for others. Just as said before, do your homework first.
I know that my dealer has made a profit off each plan that I've purchased. Just not as much profit as they wanted.

I also agree that these plans are not for everyone. I don't believe that because my truck had a list price of 60K, it will never break. My truck has lots and lots of expensive, tough to install parts on it. This plan is to protect me financially if something important and expensive goes wrong.

For those that want to write a big check if something important goes wrong, don't purchase the plan. I'm sure you are better off in the long run. Like all insurance, these plans are sold because the insurance company (Ford) and the company selling the insurance plans (your dealer) makes money off of them. If you gamble and you lose though, you have to pay.

Truck owners with very broken, expensive trucks and covered by an insurance plan are not running around the internet telling everyone that Ford sucks, they want to pound their dealer into dust, they have hired a lawyer, and everyone in their circle of friends and family have traded their Fords for another brand because those trucks never break.
 
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Old Oct 31, 2014 | 08:45 AM
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I need to amend my response a little. After I posed this yesterday, I chatted with a good friend of mine that has recently had two minor issues with his F150. He is covered by an ESP and one of the two issues took some work to get Ford to cover.

He was very emotional and animated about the trouble. After chatting with him, I discovered that he has a case of new truck fever. In this case, the Ford dealer now sucks, ford sucks, but the Dodge dealer next store is all sunshine and roses. My advice, sell the Ford and buy a Ram. It's the only cure for new truck fever. He caught new truck fever from a family member who mentioned a week or two back that they were thinking about a new truck.
 
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Old Oct 31, 2014 | 09:13 AM
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Originally Posted by pdarby
I have a 2013 F250 SD 6.7 and am wonder whether any thoughts ifextended warr is worth the money. I have 24K on it now and they want $3170 to take it to 100K TIA

Paul

First of all, IMHO it depends on how you use your truck whether or not the ESP is worth it. I never used to purchase extended warranties but with my F350 I am maxing it out. I pull a heavy 5th wheel full time so for me, with this truck, I thought it was a good bet.


My selling dealer wanted over $3,400 for the 7 year/100,000 ESP when I bought the truck new. I waited until I had 35,000 miles and got two more prices from local dealers. Around $3,200 for the Ford ESP was the best.


Troy Ohio Ford dealer has a site and was the cheapest I found. I got the 7 year/100,000 Ford ESP, with car rental for under $2,000. I could do everything on-line. My mileage verification was easy because I had just had my truck at a Ford dealer the day prior for scheduled service.
 
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Old Oct 31, 2014 | 10:02 AM
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I went with the 7/100 when I purchased my gasser last week. $1960 from local dealer includes first day and upgraded rental. I plan to upgrade to the 8/100 as it matches my mileage a bit closer. Unfortunately, the 8 year plans will not be available in my state until January or February.

ESPs aren't for everyone, but for the price I paid, one relatively minor repair will basically pay for itself. Our shop rate is about $115/hour locally, so anything with a bit of labor will add up.

Best of luck OP.
 
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Old Oct 31, 2014 | 10:12 AM
  #11  
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Originally Posted by cwrose
I went with the 7/100 when I purchased my gasser last week. $1960 from local dealer includes first day and upgraded rental. I plan to upgrade to the 8/100 as it matches my mileage a bit closer. Unfortunately, the 8 year plans will not be available in my state until January or February.

ESPs aren't for everyone, but for the price I paid, one relatively minor repair will basically pay for itself. Our shop rate is about $115/hour locally, so anything with a bit of labor will add up.

Best of luck OP.
It would be interesting to hear first hand experiences from both happy and not so happy esp owners to validate some of these comments.
I have seen many disappointments but don't recall those happy responses.
Someone have an actual experience?
 
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Old Oct 31, 2014 | 10:39 AM
  #12  
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Originally Posted by r2millers
It would be interesting to hear first hand experiences from both happy and not so happy esp owners to validate some of these comments.
I have seen many disappointments but don't recall those happy responses.
Someone have an actual experience?
I have never kept any of my new vehicles for more than three years. Of the four new vehicles I have purchased, all have had $1,000 plus dollars in warranty work done. Of course, the base warranty covered the items, but had I kept the vehicle for more than three years, I feel the insurance would have been cheap compared to the overall cost of repairs. My new truck is planned to be in service for much longer than three years, hence why I went with the ESP. It is the first ESP I've bought with a new vehicle.

My wife's used vehicle that was purchased with a $1500 warranty paid for itself within the first couple years. It went through rear axle seals annually, a new radiator, and a few other things. It wasn't so much the cost of parts, more the cost of labor.
 
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