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I bought a 6 year 60,000 mile extended warranty through Ford on my 2002 F-250 SC 4X4 PSD. This supposedly covers everything. I paid $1500. I can cancel it up to 30 days after purchase. What are other peoples opinions of these warrantys.
Bill, I didn't buy one. Here is why. Ford deceptivly describes them. Your example, "6 year 60,000" you already have a 3-36 so what you really bought is another 3-36. You have a 100K, 5 year warranty on the PSD. All in all I don't think that it is a good deal per mile. But I can cover an expensive repair if I have to. It is incredulous, the buying proces. Starts of with testimonials of how great the truck is by the salesman, "the best thing since sliced bread", then they try to slip a warranty in on you like the thing won't make it down the block, scare you with the possibility of expensive repairs down the road.
I would cancel it the dealer's profit margin on that was probably 750 bucks. If you REALLY want an extended warrenty find and exclusive one from an independant salesman like warrenty gold.
exclusive == lists what it dont cover if its not listed it will be covered (better)
inclusive ==lists only what it covers anything not listed is NOT
covered (bad)
my 2 cents, buy one from ford or don't buy one at all. the aftermarket ones are not worth the paper they are written on. try to get them to cover a trans. they will find any reason not to cover it and if they did cover they wan't to put a used tranny in.
for $1500 what could go wrong that you could not pay for with that. engine is covered the only big thing left is the tranny. $1500 would go pretty far buying one. anything else would be less than that. not a very good investment in my eyes.
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