Florida treats ESP's like insurance and they regulate the prices.

If your a Florida resident and purchase new Ford out of state will ESP rates be regulated ?

 

I have 1st day rental coverage for this price. I used it several times recently for warranty work on a coolant leak.

 

Dealerships have to be licensed in the state of FL to sell you an ESP if you are a FL resident even if they are outside the US. So yes, it is regulated as they all have to follow FL law.

However, Lombardy Ford is outside of FL and is licensed with FL so if you buy through them, you will at least save sales tax.

 

Gotcha, yiu didnt mention that as an add on so figured you only chose LED coverage

 

Could you PM it to me?
Thanks

 

Yes, get the ESP. I went with the 8 yr/125K mile option and it's already paid for itself on my 2017 F350 6.2L DRW. I was 'patient zero' in Alaska for the valve stem issue on DRW's. While I've never had to deal with the standard factory warranty folks, I can say the ESP got me preferential treatment during a very frustrating time. They ended up replacing 4 rims and countless valve stems until they got everything figured out.

*edit* ps. I'm such a believer in these ESP's now we even got one for the wife's new 2018 Edge Sport. Not sure we'll ever need it on that vehicle but since it has the performance twin turbo 2.7L, I figure it'll eventually pay for itself too.

 

Thanks for quick response

 

Blwnsmoke, could you send me Joel's contact info? Your PM box is full :-)

Thanks!

 

I'm obviously in the minority here, but I feel that extended warranties are a losing proposition. Extended warranties make a lot of money for the issuer. So that means that the average buyer pays more for the warranty than they would otherwise pay for repairs.....and likely by 30% or so. When you buy an extended warranty, you are gambling that you are one of the ones that make out well.

 

Do you carry insurance on your vehicles? Homeowners? Health Insurance? It is the same thing.

I rather pay $82.50 a month for 2 years on my ESP and know I am covered for 8 years without repair bills then gamble and have 1 costly repair out of pocket.

My 07 more then covered 3x the ESP.. my 15 probably will not exceed the cost of the ESP but I am ok with that. My audi that I had more then covered it by over 2 times. My 11 Explorer with 133k just had the power steering rack replaced, water pump, timing chain, ptu (awd unit) to the cost of $4,200 for Ford. They still have it as the PS has failed 4 more times (about 30 min after we leave the dealership) and I have had 18 Navigators and 18 Expeditions for rentals for over 3 weeks to the tune of about $1,100 in rental fees.

So although I agree it is a gamble, I am much more comfortable buying an ESP (insurance) then wondering what the unknown will be, especially with a payment every month still.

 

Piece of mind. Plain and simple. I've had 2 vehicles in the last 4 years (an F150 and my current F350) where the ESP paid for itself. The way I see it, the trucks these days are so loaded with options that it's just more stuff (expensive stuff) that can go wrong.

 

I was able to download all the available plans from FloodFord. Based on my average miles per year in past years, I've decided that the 125K plan is the sweet spot. I might do as much as 20K miles per year but might only do 15K - it's hard to predict how much I'll do once I retire in a couple years. The $50 deductible, 7 year 125K plan is $200 more than the $100 deductible plan but if I had to make 4 calls it would be cheaper. I know in the past I've had some minor issues but opted to fix them myself rather than make a dealer call because I had the $100 deductible and knew the fix wouldn't be that much. I plan to take the print out of Floodford's plans with me when I pick up my new 2019 SD as a bargining tool.

 

Good thinking.

 

I feel the same way as you. They don't make a business out of it by losing money. Same as casinos. They don't make money by 1% of people winning, but by the 99% of people that don't know what they are doing losing.

Same as the multi trillion business of insurance.

Says the guy buying his first truck, and a diesel no less. lol.

 

I just got a 7yr 100K premium warranty for $2,000 and it is money well spent..

I will get that back and then some over 7 years..

My 2006 F350 cost me about $1500 for a power steering leak and I spent more than that replacing parts for a death wobble in the front end. This was over the 13 years i owned it and There were other repairs too..

So spending $2,000 now is worth it....

The time when repairs were just $50 or $100 is long gone... Now it's $1000 or $2000