Service Contracts - worth it?
Tuned
Joined: Apr 2002
Posts: 260
Likes: 2
From: Apache, OK
I have two comments:
First, I used to be in the motorcycle business and sold extended warranties from an “independent” source. My commission was 50% which shows how much money is available for the company to throw around. I decided then that I would never buy an extended warranty.
Second, I did eventually buy an extended warranty for my ’06 diesel. I paid $1,450 for it with over 90K on the odometer. At 118K, the EGR cooler went out and the estimate to repair was $2,650. My cost was $0.00 plus Ford picked up the rent car. Then, at 120K, some high pressure fuel injection thingamabobby went out and the estimate to repair was $1,350. My cost was $0.00 plus Ford picked up the rent car. You do the math.
BTW, when the EGR cooler went out, it was due for the radiator flush and Oil/Filter change. They were part of the repair and I got them for free. I guess I really did get over for once.
First, I used to be in the motorcycle business and sold extended warranties from an “independent” source. My commission was 50% which shows how much money is available for the company to throw around. I decided then that I would never buy an extended warranty.
Second, I did eventually buy an extended warranty for my ’06 diesel. I paid $1,450 for it with over 90K on the odometer. At 118K, the EGR cooler went out and the estimate to repair was $2,650. My cost was $0.00 plus Ford picked up the rent car. Then, at 120K, some high pressure fuel injection thingamabobby went out and the estimate to repair was $1,350. My cost was $0.00 plus Ford picked up the rent car. You do the math.
BTW, when the EGR cooler went out, it was due for the radiator flush and Oil/Filter change. They were part of the repair and I got them for free. I guess I really did get over for once.
Thread Starter
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Laughing Gas
Joined: Feb 2009
Posts: 914
Likes: 1
From: New Braunfels, Texas
See Jim, that's what I'm worried about - that just about the time I start to relax and think eveything is fine, some thingamabobby is going to fail/break/blow up and I'll be kicking myself for not having covered the truck when I could. For some reason I'm especially concerned about the AC controller.
Tuned
Joined: Apr 2002
Posts: 260
Likes: 2
From: Apache, OK
2horses,
You don’t have to be concerned about the AC controller. It’s not covered anyway. Ford’s definition of “powertrain” is only the engine – and only certain pieces of the engine.
I’ve been checking this website for a few years and, although I mainly lurk and just learn a lot, it has been very educational and valuable. This website has taught me that I can have faith that my ’06 model has most of the bugs worked out of it and if fairly reliable.
However, my logical mind decided that it was likely that at least one of the big problems (head gasket, EGR cooler, oil cooler, injectors, or turbo) would likely cause problems before reaching 200K. Any one on those would have cost more than the warranty. I have saved a ton of money and still have 80K miles of coverage.
In fact, I saved so much money that I have used my wife’s shopping logic to my advantage. My wife’s logic is that she saved so much money on the new clothes she bought that she can now afford new shoes as well.
I just saved so much money that I have ordered a SCT X3 and new Ranch Hand front bumper.
You don’t have to be concerned about the AC controller. It’s not covered anyway. Ford’s definition of “powertrain” is only the engine – and only certain pieces of the engine.
I’ve been checking this website for a few years and, although I mainly lurk and just learn a lot, it has been very educational and valuable. This website has taught me that I can have faith that my ’06 model has most of the bugs worked out of it and if fairly reliable.
However, my logical mind decided that it was likely that at least one of the big problems (head gasket, EGR cooler, oil cooler, injectors, or turbo) would likely cause problems before reaching 200K. Any one on those would have cost more than the warranty. I have saved a ton of money and still have 80K miles of coverage.
In fact, I saved so much money that I have used my wife’s shopping logic to my advantage. My wife’s logic is that she saved so much money on the new clothes she bought that she can now afford new shoes as well.
I just saved so much money that I have ordered a SCT X3 and new Ranch Hand front bumper.
Tuned
Joined: Apr 2002
Posts: 260
Likes: 2
From: Apache, OK
One other thing I forgot to mention. I will still never buy any extended warranty EXCEPT the Ford ESP. Read the fine print very carefully and you’ll find most aftermarket warranties have a ton of “gotchas” embedded.
Postmaster
Joined: Oct 2008
Posts: 3,924
Likes: 6
From: Richmond BC
yea most aftermarket (if not all) have fien print clauses, that basicly allow them to wriggle out of paying for anything that might actualy go wrong on ur truck...
stick to Ford ESP or nothing...
stick to Ford ESP or nothing...
Postmaster
Joined: Aug 2006
Posts: 2,829
Likes: 3
Actually it would depend on which plan you chose. Plans such as the ExtraCare or PremiumCare would cover the A/C controller...
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