extended warranties
Thread Starter
|
Senior User
Joined: Jul 2007
Posts: 304
Likes: 0
From: shawnee, KS
extended warranties
Since i am going into college, i was thinking of buying an extended warranty for my drivetrain. is this a good way to go? i just dont want to be stuck with something broken that, as a college student, i can't afford to fix. have you guys delt with these warranties? are they work it?
Hotshot
Joined: Aug 2006
Posts: 17,398
Likes: 317
From: Whittier, CA
I just noticed your other "Ultimate Truck" thread. If you are planning to mod like that, forget extended warranties. They won't cover your modded systems, which for your plans is just about everything.
Bill
Bill
Posting Guru
Joined: Jan 2004
Posts: 1,736
Likes: 1
From: Monroe, MI
I agree with bpounds. The Ford ESP is the only way to go. I actually bought a warranty other than a ford esp when I was in college and it was a waste of money they said they covered everything , but witht their stipulations covered nothing.
I have used the ESP warranty ever since and they're great.
I have used the ESP warranty ever since and they're great.
Freshman User
Joined: Oct 2007
Posts: 34
Likes: 0
From: Phoenix Az
That seams low. most of the warrentys I looked at ran 67 years 80k-100kmi and the price range was 1600-3000. I chose the Ford ESP, cost a little more then some, around 2500, but that way there is no question, if it breakes they own it. (I got the premium plan)
Posting Guru
Joined: Jan 2004
Posts: 1,736
Likes: 1
From: Monroe, MI
triple check that the warranty is a Ford ESP, because the cost sounds a little low especially if your buying used
Trending Topics
Post Fiend
Joined: Feb 2004
Posts: 5,378
Likes: 3
From: nebraska
Yah if your going the extended warranty route go Fords ESP. These other outfits could go broke an leave you high an dry as far as coverage goes. Happens all the time. I myself am not to keen on extended warranties period. Why not put that money somewhere if you need it for just such an emergency. One thing I hate about extended warranties is if you never need it the money is gone for good. If you do need it do you ever get your money back totally. Extended warranties are money makers for whoever sells them for sure. But they will sure try hard to sell you one. I just say no. No matter what they say. I have bought about 7 Ford trucks over the years an if i had bought the extended warranty for all those trucks I could have almost paid for another vehicle. Hey this is just my opinion FWIW. For me it would have been money totally wasted.
FTE Stories
Ford Trucks for Ford Truck Enthusiasts
Top 10 Most Expensive Ford Trucks Ever Sold on Bring a Trailer
Joe Kucinski
2027 Ford Super Duty Buyer's Guide (Every Model, Engine, & Package)
Brett Foote
Top 10 Ford Truck Tragedies
Joe Kucinski
AEV FXL Super Duty - the Super Duty Raptor Ford Doesn't Make
Brett Foote
Lobo Vs Lobo: Proof the F-150 Lobo Should Be Even Lower!
Michael S. Palmer
Ford's 2001 Explorer Sportsman Concept Looks For a New Home
Verdad Gallardo
10 Best Ford Truck Engines We Miss the Most!
Joe Kucinski
2026 Shelby F-150 Off-Road: Better Than a Raptor R?
Brett Foote
2027 Super Duty Carhartt Package First Look: 12 Things You NEED to Know!
Michael S. Palmer
Senior User
Joined: Sep 2006
Posts: 145
Likes: 0
A guy that I worked for a long time ago told me to never buy the extended warranty instead put the money that it would cost into a cd or some other interest bearing account and don't use it for anything but major repairs on the vehicle. In the end you'll come out ahead and can use it for a down payment on your next vehicle and start a new cd for the next one.
Junior User
Joined: Jan 2008
Posts: 76
Likes: 0
my experience
when i bought my truck i bought a warranty from Fidelty Warranty in S Florida. I guess they are a big warranty service. Well I finally had to take my truck to Ford to have work done and sure enough this warranty paid for the work. I had a bad axle, hub, and a few other tihngs. The reduced bill was $1500 plus my rental car. They took care of it all and I paid a $100 deductable.
Also note that my truck is lifted, and a few other things. I thought they would have screwed me for improper use or something.
Also note that my truck is lifted, and a few other things. I thought they would have screwed me for improper use or something.
Thread Starter
|
Senior User
Joined: Jul 2007
Posts: 304
Likes: 0
From: shawnee, KS
hmmm..... that's kinda what i thought. i figured since i'll probably be lifting it and stuff, that they would try to screw me over on an extended warranty. i guess i should do some more research
New User
Joined: Mar 2008
Posts: 24
Likes: 0
I paid about 600 dollars for the EW on my 03-250. It's a piece of garbage company that I've never heard of (I work for a dealership) but figured what the hell. So far it's paid for itself with the few repairs I've had. I just had a u-joint replaced and it cost me 50 dollars. Total bill was $319. Thats just the start so far so I'm glad I got what I did.
Sometimes you come out ahead, sometimes you don't. It's a shot in the dark.
Sometimes you come out ahead, sometimes you don't. It's a shot in the dark.