Extended Warranty?
Senior User
Joined: Aug 2005
Posts: 188
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From: North Augusta, SC
You're welcome.
Originally Posted by cc322
Thanks for jacking my thread 
BTW, my truck's at the dealer. Getting it tomorrow. WOOHOO!
Also, no I won't be getting the extended warranty. It is a gamble. They are gambling that your vehicle will not need as much warranty repair as the policy costs, and you are gambling that you will come out on the winning end because your truck will need major repairs. They have the data to back it up, and they are not in the business of losing money on extended warranty contracts.
The Fords that I have purchased new in the past 20 years have not been problem children. Specifically my '97 Contour, '97 F250 7.3l, '00 F150 and '02 Explorer have been remarkably reliable. I sincerely hope my '06 F350/V10 will follow course!
Michael
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Joined: Feb 2003
Posts: 4,074
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From: Las Vegas
Originally Posted by ken04
hey, if it works for you, cool. But overall, the benefit will always go to the underwriter. The wouldn't sell em if they weren't profitable. But DOHC my friend, you are certainly most welcome to your reasons, they all seem valid, to you, which is A-OK w/me.
The split the dealer gets may be variable, the MBI contracts I sold, and I sold a jillion of em paid us 50%, of which I got 21%. If we discounted ours obviously we got paid less, but the underwriter always got their flat price, which was 50% of suggested retail.
Health insurance limits are usually fixed at a $1,000,000 cap, that's a far cry from a $5,000 motor. Health care costs can bankrupt a guy, a busted tranny usually won't. But that being said, I do understand what you're saying, and don't entirely disagree with you.
I guess my disdain comes from a hatred of the ins companies in general. They make the rules, we pay, and pay, and pay and the one time we have to file a claim we get dropped from the ins company or they double our rates. This is from the same companies that sell MBI's.
Even outside ins co's contracts are honored at most garages, provided you jump through the required hoops. And God forbid you don't tip toe the line and do exactly as the fine print says, or you're out the repairs, plus the cost of the policy. And if you'll look at your Ford service contract, it's underwritten by someone, Ford farms it out and makes a buck.
For the few that ever need to use it, it's surely a good thing, but for all of us who never do, we're paying for the guy next to you w/the busted transmission.
The split the dealer gets may be variable, the MBI contracts I sold, and I sold a jillion of em paid us 50%, of which I got 21%. If we discounted ours obviously we got paid less, but the underwriter always got their flat price, which was 50% of suggested retail.
Health insurance limits are usually fixed at a $1,000,000 cap, that's a far cry from a $5,000 motor. Health care costs can bankrupt a guy, a busted tranny usually won't. But that being said, I do understand what you're saying, and don't entirely disagree with you.
I guess my disdain comes from a hatred of the ins companies in general. They make the rules, we pay, and pay, and pay and the one time we have to file a claim we get dropped from the ins company or they double our rates. This is from the same companies that sell MBI's.
Even outside ins co's contracts are honored at most garages, provided you jump through the required hoops. And God forbid you don't tip toe the line and do exactly as the fine print says, or you're out the repairs, plus the cost of the policy. And if you'll look at your Ford service contract, it's underwritten by someone, Ford farms it out and makes a buck.
For the few that ever need to use it, it's surely a good thing, but for all of us who never do, we're paying for the guy next to you w/the busted transmission.
100% agree on the "Insurance company" warranties.........in fact, our owner wanted us to sell the Western General garbage. I would only sell the Ford ESP at nearly double the dealer cost.
That being said, the FTE bunch always seems to be a well informed bunch...I can't see a dealer making a whole bunch on us.
The only reason I bring up health insurance is simply that "I" find it silly to use the reasoning not to buy something because "they're making money" on it. (I know you said you understood, just me being ****)
I have not used the ESP on the majority of my Fords.....BUT when I have used it, the bills were huge; Super Duty trans, Turbocoupe motor, 5.0 Mustang motor etc....
Not broken even but used the warranty nonetheless;
broken sway bar and throw out bearing '97 Cobra (actually may have made out on that one)
2 window regulators on Marauder..........still 25K left.
Sorry for being redundant, but I believe the ESP helped sell my '97 Cobra....the buyer was ecstatic to have a used car with a full years warranty left.
I've got feelers out to sell the Marauder (dang Polarbear is pushing me to buy a Vette..
) One guy that's kinda serious........one of his first questions was, "Does it have a warranty?" General Info: The only reasons to buy the Ford plan from the begining is to save the $100 surcharge and to be reimbursed for 5 days rental car which is NOT included in the original 3-36,000.
I wish I had a crystal ball......I'd love not to blow the $$$ but like I said, $20-$30 a month aint gonna kill me and could possibly save a bunch......kinda like health insurance.....
Posting Guru
Joined: Mar 2002
Posts: 2,245
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From: Vancouver Wash USA
Originally Posted by DOHCmarauder
100% agree on the "Insurance company" warranties.........in fact, our owner wanted us to sell the Western General garbage. I would only sell the Ford ESP at nearly double the dealer cost.
That being said, the FTE bunch always seems to be a well informed bunch...I can't see a dealer making a whole bunch on us.
The only reason I bring up health insurance is simply that "I" find it silly to use the reasoning not to buy something because "they're making money" on it. (I know you said you understood, just me being ****)
I've got feelers out to sell the Marauder (dang Polarbear is pushing me to buy a Vette.. ) One guy that's kinda serious........one of his first questions was, "Does it have a warranty?"
That being said, the FTE bunch always seems to be a well informed bunch...I can't see a dealer making a whole bunch on us.
The only reason I bring up health insurance is simply that "I" find it silly to use the reasoning not to buy something because "they're making money" on it. (I know you said you understood, just me being ****)
I've got feelers out to sell the Marauder (dang Polarbear is pushing me to buy a Vette..
) One guy that's kinda serious........one of his first questions was, "Does it have a warranty?" Second, you certainly got your money's worth on your MBI, good for you. Your $20-$30 a month sure paid off. Peace, Ken
Posting Guru
Joined: Feb 2006
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From: Sunny SOCAL!
I got the extended warranty on my new truck but then I am not that mechanically inclined. I also bought the maintance package again because of the above mentioned lack of mechanical ability. For me, money well spent.
Guest
Joined: Nov 2004
Posts: 7,988
Likes: 55
From: north west new jersey
good luck in that case with your new psd man . i do hope it states ford motor company on it not some 3rd party worth less junk.
being your down in v10 land i also hope you understand we have clean brass busting fun down here about our own past problems with early 6.0's
being your down in v10 land i also hope you understand we have clean brass busting fun down here about our own past problems with early 6.0's
Last edited by captchas; May 1, 2006 at 04:48 PM.
FTE Leadership Emeritus
Joined: Jul 2002
Posts: 42,561
Likes: 423
From: Long Island USA
Originally Posted by CAFordDude
I got the extended warranty on my new truck but then I am not that mechanically inclined. I also bought the maintance package again because of the above mentioned lack of mechanical ability. For me, money well spent.
And reailzed not everyone is going to take their own tranny out and either rebuild it themselves or order a pre-built bullet-proof model and install it
Postmaster
Joined: Feb 2003
Posts: 4,074
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From: Las Vegas
Originally Posted by ken04
First, Corvette ? I'm with ya, hate to say it, but the C6 is just too much car for too little money. I'm Ford blue through and through but that C6, it could pull me to the dark side.
Second, you certainly got your money's worth on your MBI, good for you. Your $20-$30 a month sure paid off. Peace, Ken
Second, you certainly got your money's worth on your MBI, good for you. Your $20-$30 a month sure paid off. Peace, Ken
One HUGE negative on having a car under warranty is the fear of modding the car.
The Lightning is still bone stock........simple set of pulleys would put it close to Vette territory at the strip . Believe it or not, I haven't bought the ESP yet!!
The Marauder is BEGGING for a Trilogy S/C and the whole works....ESP good till 75,000K...
My ZX12 gives me the adrenaline rush I need........but the wife isn't all that comfy @ a 160+ on the back of a bike!!...
Leaves the Vette..........or maybe the Shelby 500, but the Mustang is going to be as expensive as the Vette for at least a few months (year?)
Of course with fuel doing what it's doing..........a dang Kia may be in the future...
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Postmaster
Joined: Feb 2003
Posts: 4,074
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From: Las Vegas
Originally Posted by krewat
You know, I was thinking about that advise I gave of "put the money in the bank and keep it" ...
And reailzed not everyone is going to take their own tranny out and either rebuild it themselves or order a pre-built bullet-proof model and install it
And reailzed not everyone is going to take their own tranny out and either rebuild it themselves or order a pre-built bullet-proof model and install it
It's not just that.........even if you have the time/talent/money, do you want to HAVE to wrench on your semi-new vehicle.
I still have a 1/2 done '69 Bronco and a 1/4 done Faux '70 BOSS 302 that I'm procrastinating on...
Postmaster
Joined: Feb 2003
Posts: 4,074
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From: Las Vegas
Originally Posted by captchas
c6 not for me i want my c2 63 split fi tanker back . sold it last year after having it since brand new.
for a c6 i would want the z06 option
for a c6 i would want the z06 option
The Z06 is the pinnacle............but I'm not convinced the $20k is worth the extra 100HP and the arguably less civilized/quiet ride.
Posting Guru
Joined: Mar 2002
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From: Vancouver Wash USA
Originally Posted by DOHCmarauder
The Z06 is the pinnacle............but I'm not convinced the $20k is worth the extra 100HP and the arguably less civilized/quiet ride.
Originally Posted by captchas
c6 not for me i want my c2 63 split fi tanker back . sold it last year after having it since brand new.
for a c6 i would want the z06 option
Uh yea, 63 split window, lemme think about that for a minute,,, DUH !!! What's a big block 63 SW go for today ? $250K ? I'm talking about cars us mortals strive for Charlie.
Guest
Joined: Nov 2004
Posts: 7,988
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From: north west new jersey
ken
i hear you but i was 18 when i purchased that 63 vet and paid just over 4.5k for it at dealer cost since i worked for konner chevy at the time. kept that car and a 95 point body off 57 nomad till mid 2005. and got good $$'s for both as the nomad had factory ac.
i hear you but i was 18 when i purchased that 63 vet and paid just over 4.5k for it at dealer cost since i worked for konner chevy at the time. kept that car and a 95 point body off 57 nomad till mid 2005. and got good $$'s for both as the nomad had factory ac.
Posting Guru
Joined: Mar 2002
Posts: 2,245
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From: Vancouver Wash USA
Originally Posted by captchas
ken
i hear you but i was 18 when i purchased that 63 vet and paid just over 4.5k for it at dealer cost since i worked for konner chevy at the time. kept that car and a 95 point body off 57 nomad till mid 2005. and got good $$'s for both as the nomad had factory ac.
i hear you but i was 18 when i purchased that 63 vet and paid just over 4.5k for it at dealer cost since i worked for konner chevy at the time. kept that car and a 95 point body off 57 nomad till mid 2005. and got good $$'s for both as the nomad had factory ac.
Laughing Gas
Joined: Jan 2004
Posts: 1,142
Likes: 2
From: Denver, CO
I got suckered into the extended warranty when I bought my Excursion. I broke down 1 week after buying the X and the ford dealer I took it to wouldnt even honor the warranty. I bought the X and the warranty at a ford dealer but it wasnt a warranty from ford it was through an outside company.
