Got a quote from a local ford dealer for the 5 yr 60,000 mile prem @ 1260.00 with a 100.0 deductible basicly it would give me another 2 years or 30,000 miles. Also got a quote for the same one but with the 3 year 75,000 @ 1860 what do you think?

 

You may want to goto the new car forum and ask Polar Bear to give you a quote / give some advice They helped me with my plan last year (but for the life of me, I cannot remember the cost now!!) Sorry!

 

I have bought three Ford extended warranties on the last five new Ford vehicles. In every case I just wadded up a lot of cash and threw it at Ford... I am evaluating weather or not to pay for one on the KR 4x4 (ouch)....

My gut is if the vehicle has been problem free since day one...odds are in your favor that the extended warranty time or mileage will expire before it gets used. If you have a known problem child vehicle then they are worth every penny...

I probably will pass this time...Ford has gotten too much money from me for free


FWIW.... I do not recommend ANY third party extended service plan... If you must get one, (on a Ford SuperDuty truck) get the real deal Ford product... and beware many unscrupulous dealers sell a third party plan... worthless and FORD will not stand behind it. With the Ford product you get the warranty service ANY WHERE IN USA

 

My understanding is that you can but the extended warranty as long as the truck is still under the original factory warranty....I think it gets a bit more expensiive after the 12,000 mile mark.

Assuming I ever do get my new super duty (ordered in March) I won't buy the extra warranty right away...If I start to have any troubles before 30,000 I will look into it....I really think they are a waste of money...I have bought a couple and NEVER used them...

This time, I am buying a 4x2 XL v10 manual tranny....not a whole lot to go wrong in the first place...just my opinion...

 

davzog..

Have you heard anything more on yours, today was to be the day wasnt it?

SDTruckMan

 

Take the $1260, put in a CD/Money-market or whatever give the best yield these days, and sit on it.

The money will grow, and if you do need any drivetrain work, that should almost fully pay for it. And if nothing happens, you can use it as the downpayment on your NEXT truck

That $1260, is that a bumper-to-bumper or just drivetrain?

 

SDTRUCKMAN...


Today is SUPPOSED to be the day...the dealer said "no promises"...we'll have to wait and see.

On top of that, I have to work late today...darn!!!

Anyway, I plan on stopping by the dealership on the way home, and drive around the lot...seems like the newly delivered vehicles are parked out back until they are cleaned up and spotted for sale...

Sure would be exciting to see a brand new Super Duty V10 there!!! Thanks for asking...

 

it's not an extended warranty, it's mechanical breakdown insurance.

Actuary tables for Ford F-350, (not actual) 6 breakdowns in 100 vehicles past 36,000 miles at a cost of $750 avg. $4,500 divided by 100 vehicles=$45 cost per rig. $100 deductible, fine print disclaimers, 50% dealer or salesman profit.

PURE PROFIT for the insurance companies, same for the dealerships. Once the policy is sold they have no involvement, none.

Krewat has the best idea. Take the $1200, put it in a money market account, you'll be way ahead.

 

Going nuts this week myself. I am in computer training all week in Atlanta, and am at the same time really expecting a phone call that my truck is in back home (2 hours away). When I got back to my hotel tonight (we are not allowed cell phones during work) I had three messages!!!! I was sure one of them would be about my truck. NOT!

Well, I don't head back home until Friday so I am just hoping like crazy that it hits the dealership by noon on Friday.

During class today I happened to mention that I am getting a new F350 SD V10, and of course one of the guys there mentioned that he owns a Dodge Cummins dually, blah, blah, blah. I just totally ignored him and continued on with my conversation. As usual, he just couldn't understand why I would buy gas. I will try to never again waste time justifying my purchase. I have what I want, and I am so close to getting that bad boy!

Michael

 

Thanks for jacking my thread

 

IMHO...do not purchase any extended warranty that has less than 100,000 miles. The years...WHO cares.

So...YES purchase an extended warranty.

biz

________________________________
2003 F250 SD SC 142" XLT FX4 V10 Auto 4x4 3.73s

 

#1) Call it what you want, if you purchase a Ford contract it's honored at any Ford dealership.

#2) The profit to dealers is usually $100 if the consumer is informed. Of that, the F%I guy gets 11% +-

#3) Have not broken even on many individual ESP's.......but overall, I know I'm ahead. Case in point, '01 F250; 1 fragged 4100R is aprox. $3,000 through a dealer, $1900 if I R&Red myself.........Paid aprox. $1100 for warranty and have also had rear pinion seal replaced and a few other things.

Have got about half the $$$ back on the Marauder with 25,000 miles left.




#4) GREAT re-sale tool or you get prorated $$$$ back if canceled.

#5) LFMAO at the 2-3% CD........$1200 gets you aprox $1400 at 5 years; or half a trans replacement.


At $20-$30 bucks a month I have no problem with the peace of mind they offer. After 12,000 miles it's $100 more for the warranty but my last 2 vehicles have been .9% and 2.9%....so I just bought it at time of vehicle purchase.

Just like the average family has no problem paying $300-400 a month "just in case" you get sick..........a car warranty is "just in case."

 

Marauder, double cammed

Makes good points

I want to add more by saying again...if you need or want the piece of mind, and enhanced re-sale then the Ford Extended service plans can be very good...the prices are negotiable, you can get a prorated return if not used and still have time/milage left on the contract

I paid $1980 for a full boat plan on the 2001 4x4 V10 F250 Platinum... a year later when I assasinated her I got $1476 back (never used it)

I bought one at purchase on the 2000 Escort ZX2 (never used)
I bought one on the 2002 Ranger (never used)
I bought one on a 2003 F150 (never used)
I have considered one on the 05 4x4 F350 KR V10

My personal experiance with Ford vehicles in recent history suggests that it is a waste of money.... run the factory warranty until before the 36 thousand mile or before the 36 month time expires... figur what major issues you are concerned with on the truck and decide if the cost of the warranty might pay for itself or if you just need the peace of mind that a dastardly event 100s of miles from home is needed.

Folks who have had an experianced of snuffing a motor or fragging a tranny will most likely buy in for the obvious economic gain (1500-2000 dollars now vs a 3000-5000 dollar repair bill later)

Read up on these products they are not really a warranty... they are all some form of extended service plan... and yes they are frequently a pure profit maker for the seller.. statistically very few of them ever pay out more then the cost of the plan..

From year 2000 to present I have spent over 5000 dollars on these plans and never had a claim... I am going to cut my losses

Unless you got a serious lemon... I think the Ford Superduty V10 if well maintained will last easily out to 100,000 mile with very few if any minor repairs... the key is well maintained and not abused

 

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.

 

I've always had mixed feelings on it. I can understand both sides. My last 3 trucks I have opted for the full deal - bumper to bumer, 5/100,000, no deductible. My reasoning is because I want to be completely covered for the full life of my vehicle loan. I would hate to be making payments on a vehicle while having to put a bunch of additional money down for repairs.

My 2001 F-350 was perfect for the first 68k miles and then blew the tranny. I figure even with interest the thing paid for itself. My 2005 never needed it, but I only owned it for a year and then traded for my V10. Got my money back out of it. Well, sort of. Even though my factory warranty was in full effect the entire time I owned it, it still cost me money when I got my refund. Odd how that works considering it really wasn't going to be used for another 2 years or 23k miles.

I got the full thing again on my 2006 V10. I hope I never need it, but I do like the assurance of being covered for the life of the loan. Just my thoughts...