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I have a 2019 xlt. I am nearing the 36 month warranty for bumper to bumper . I have been looking into the extended warranty at a couple ford dealers. The two dealers I checked are offering a third party warranty,(CNA) and (Fidelity). I had a 2014 that had the extended warranty but I think it was from Ford. My question for all of you is what is the best route to go ? With all the ads on tv about service contracts I really don't like them. The Ford dealers that are selling the 3rd party contracts did not even mention the Ford extended warranty. I have until June to decide. Need you all's expertise. Thanks
When I bought my 2020 F150 it had 12k miles on it. I bought the extended bumper to bumper warranty through for up to 150k miles.
I'm quite the gearhead and my friend criticized me for buying the extended warranty. He does all his own maintenance on his 2018 Chrysler 300. I mentioned that I don't want to have to turn a wrench to keep my F150 going. I already have my Bullnose truck and 2 classic Oldsmobiles.
FWIW, I just used the warranty this week to get a second key fob since the truck only came with one. It cost nothing, there was no deductible.
I haven't bought a new truck since 86 and I bought a 18 and they talked me into a extended warranty and like a dummy I fell for it and boy I got screwed ,I never buy this stuff and dont know why I did but its water under bridge now .by the way its fidelity, they didn't even give me a choice because I figure they get big kick backs and when I read this stuff I see how bad they screwed me .
DO NOT, I repeat, DO NOT BUY A THIRD PARTY EXTENDED WARRANTY.
Now that I have your attention, if you're looking at a third party extended warranty, take a good hard look at the fine print - many of them have a LOT they don't cover. My in-laws bought one once that did not cover the failure of a fastener...so when the head bolt stripped out of the block and caused a head gasket leak, they didn't cover it.
From what I understand the Ford-backed plans are pretty decent.
DO NOT, I repeat, DO NOT BUY A THIRD PARTY EXTENDED WARRANTY.
Now that I have your attention, if you're looking at a third party extended warranty, take a good hard look at the fine print - many of them have a LOT they don't cover. My in-laws bought one once that did not cover the failure of a fastener...so when the head bolt stripped out of the block and caused a head gasket leak, they didn't cover it.
From what I understand the Ford-backed plans are pretty decent.
Quoted this because it's worth repeating. Also, you can buy that Ford factory warranty from ANY ford dealer, so get the online quote, then give your local dealer a chance to price match and if they don't, tell them to pound sand.
I just got a 4yr/48k Ford ESP warranty on my 2017 for around $2100 (lights, keys, and rental coverage too) with a $50 deductible from Lombard Ford. My truck only has 37k miles on it now and I don't see myself buying a new one anytime soon with these current crazy prices.
As others have said only buy a Ford ESP warranty. Don't get sucker into a third party. I did that a long time ago with Allstate. They always had to call to see if they would cover the repair (days for return phone calls while my car sat at the shop) and then there was always some shop supplies/fee the would not cover.
Always go with the Ford backed ESP and check various prices online.
Once you find the best price, it will never hurt to ask your dealer if they can match or beat the price.
The Ford backed ESP that anyone can find online is the same Ford backed ESP that can be purchased at your dealer so don’t let your dealer or any other dealer tell you otherwise.
Any Ford dealer selling or pushing a non-Ford backed second or third party ESP is only doing so because the dealer makes more money on it and sometimes, that ESP can only be used at the dealership that it was purchased from.
In closing……when it comes to non-Ford backed ESP‘s…..Caveat Emptor.
My stepson bought a 2017 302a XLT a little over a year ago. It came with the ford CPO and he bought another Ford backed warranty on my recommendation. The warranty has already paid for itself with the replacement of the rear window as the defroster failed and a recent failure of the EPAS system. His deductible for both was $100 each. The truck had about 60K miles on it when he bought it so the warranty made perfect sense.
I just don’t buy them to begin with. I would have lost out big time on my current truck. Wouldn’t have gotten to use it at all.
It's luck of the draw if you need them or not - whether you're buying new or certified used.
I purchased the Lifetime Maxxcare that Mopar offered on my Power Wagon, because its deductible is $100 for any non-wear, non-cosmetic repair (so no brakes or tires but axles, engine, etc are covered, won't fix paint or rust but if the hinge on the door fails it'll replace that, etc), and it has a term of 99 years and 999,999 miles. I've used it twice now, spent $200 for about $700 worth of repairs. I'm not ahead yet but if the lifters go out of my 6.4 Hemi (as they are apparently prone to do) I'll be ahead as soon as it rolls to the shop.
Other people, however, may never end up using their plan. But they've got the peace of mind knowing that IF something happens, it's only going to run them $100 while they're covered under the extended warranty. And to most of those people, that peace of mind is worth every penny they paid for the plan.
It's luck of the draw if you need them or not - whether you're buying new or certified used.
I purchased the Lifetime Maxxcare that Mopar offered on my Power Wagon, because its deductible is $100 for any non-wear, non-cosmetic repair (so no brakes or tires but axles, engine, etc are covered, won't fix paint or rust but if the hinge on the door fails it'll replace that, etc), and it has a term of 99 years and 999,999 miles. I've used it twice now, spent $200 for about $700 worth of repairs. I'm not ahead yet but if the lifters go out of my 6.4 Hemi (as they are apparently prone to do) I'll be ahead as soon as it rolls to the shop.
Other people, however, may never end up using their plan. But they've got the peace of mind knowing that IF something happens, it's only going to run them $100 while they're covered under the extended warranty. And to most of those people, that peace of mind is worth every penny they paid for the plan.
I understand, and that’s a helluva warranty. But the truth is I would have lost out on the dozen plus new vehicles I’ve bought in the last 30 years. Many of them used well over 100k miles. The worst failure I’ve had in all of that time were the cats on my V10 F250 at 56k miles. The dealer tried to blame me, then I had to point out that there was a TSB for it.
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