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And if so how much does it cost. Someone posted that the transmission is not part of the power train warranty. I would like to buy JUST a transmission warnanty if one existed...
You would be better off putting the money you would spend on an extended warranty in the bank. If your transmission doesn't fail (and chances are it won't if you're not abusive to your truck) you save the money. If you buy it and it doesn't fail, you're out the cash, which is about $1500 to $3100, depending on which Ford ESP plan you want. Pretty pricey to me.
You would be better off putting the money you would spend on an extended warranty in the bank. If your transmission doesn't fail (and chances are it won't if you're not abusive to your truck) you save the money. If you buy it and it doesn't fail, you're out the cash, which is about $1500 to $3100, depending on which Ford ESP plan you want. Pretty pricey to me.
for 1500 bucks or less, you can find a very low mileage replatement transmission unit, even for the 5R110 if you shop around. A 3100 dollar warranty is 2 relatively new trannies....or one new one from ATS or Suncoast that you WON'T break. I don't think I could justify it either.
But should anyone considering the purchase of an aftermarket warranty need advice, I recommend that you always go with the manufacturer's offered plans regardless of make or model. One thing to note about this topic is that when you are at the dealer buying your new vehicle, many dealers will offer (or push) a non-OEM warranty usually because of higher commissions or kick-backs for them. This is not in the consumer's best interest and it hurts the service department in several ways.
It is very typical for us at the dealerships to have an extremely difficult time getting claims/repairs approved through the aftermarket companies. This could be anything from being put on hold for 30 Minutes to haggling about part prices and labor times. Then you find out they want to send an adjuster down to take a look and usually deny the claim. I have seen customers cars sit for days waiting. These companies try everything in the book to pay as little as possible. Some will pay for one part but not the other... and won't pay for oil or antifreeze or refrigerant still leaving the customer with a bill!
In the case of a Ford ESP warranty, this is all eliminated. With the exception of high dollar claims which sometimes require prior approval from Ford, the process for using an ESP policy is virtually painless. As a technician, I can diagnose a vehicle and then in less than 5 minutes, verify that your policy is valid, enter the basic part number into a database and know whether it's covered or not - all right in my service bay! Usually, the customer has already approved to pay the deductible when dropping off the vehicle so we simply go ahead and perform the repairs (if we have the parts). Since we already know and abide by the factory's rules and policies, we know exactly what is covered and what everyone's responsibilities are. The tech knows what he is getting paid, the vehicle gets quality Ford OEM parts and the customer gets his vehicle back with no haggling and typically with few delays.
So for what it's worth, this is an opinion from the inside by someone who has seen it all and knows what works best. I certainly do not get paid to push any warranty or sell Ford's ESP. Like I said, I recommend using the extended warranty offered by the manufacturer regardless of make or model.
Excellent post Ford Doctor. I just happen to buy one off those aftermarket warranties an paid a pretty good price. The dealers sure push those things. I am amaking a copy off this off of my computer to show the dealer next time i buy a truck. I am going prepared. I wont listen to there hot air. Its all about money though isnt. Off all the things that I have learned on this site this has got to be the most valuable. Thank you so much Ford Doctor.
I got my ESP Premium Care (top of the line) for only $2,300. I am not mechanically smart enough to hunt for used transmissions, much less put it in or find someone to do it. Based on the problems people have had with trannys, A/C units, injectors, etc., I feel better having bought it. I usually don't buy them, but then, I never spent this much on a truck before, or one this complicated either.
If you feel the need ONLY go with MFG offered extended warranties. A friend of mine was a Service Adviser for 10 years with a Ford dealership here and you would not believe the sad "aftermarket warranty" stories he has told.
With that said. You must do your home work and shop the Ford ESP as enthusiastically as you did your truck. You do not have to buy it from your dealer or at the time of truck purchase.
Ford Dr., KW, I just got a full refund of my aftermarket warranty. The dealer never turned it in. I called the warranty company and said they had neither the service contract # or the VIN in their database. The dealer told me they were sorry that I paid in cash, so therefore they had no record of the transaction. Luckily for me I had my copy of the contract with the dealer "Cash paid in full" stamp on it, along with an employees signature on it. Got the full refund back 3 days later. So when I thought I was covered, I was actually not, thank goodness I didn't need it. When I got my 05, went with the OEM Ford warranty at time of purchase, sure am glad I did, knowing now what I didn't know then,100,000 bumper to bumper.
No record of the cash transaction? Sounds to me like you were about to get ripped in a major , major, way. You were very lucky my friend.
Your tellin me!!! They told me in the beginning to hold on to the contract as it would be used to make claims until the company had me loaded in their database. Real glad I kept it JIC!! Cause the second obivously never happened.
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