...............My '08 Ranger factory warranty runs out after 5 years and\or 60k miles , it is possible to purchase an additional warranty after that time period ? , thanks , rb

 

yes, but they are generally aftermarket providers.

look at the fine print to see what they actually cover and deductables, since most aren't worth the paper they are printed on.

 

Out of all the vehicles I have owned over the years, there is only one that I wished I had an extended warranty. I had a '95 Taurus and the spedo went bad just a few months after the factory warranty ran out. It only took $600 to get is replaced. At the time I wondered if I made a mistake in not getting an extended warranty. But when I think of the other cars and trucks that I bought new and didn't get the extended warranty and the money I saved by not doing so, I'm way ahead of the game.

Why do you think the dealers push the extended warranty so hard? Is it because their products are so prone to failure that you need the extra protection? Is it because they make so large a profit on the package? I just finished reading an article about a guy who owns a Volvo that is still going strong even though is had two and a half million miles on it. The engine was rebuilt twice, the transmission was replace as were the front seats. Vehicles hold up so much better now, the extended warranty has become a very expensive insurance policy.

 

I think there is a source on the boards here where you can buy a Ford ESP warranty, which can be extended beyond the factory warranty as long as you buy it before the factory warranty expires.

Price it out--the max is probably 100,000. It's a good bet your 5 speed automatic (if you have one) will die before then, so if the warranty is less than $2000 or so, you'll be ahead. Of course, those transmissions have been known to go 130k or even longer, but, as with any warranty or insurance policy, you take a gamble right along with the company that issues the policy.

 

I bought one just recently on an '06 in which the original factory had already expired. Ford will warranty their vehicles after they expire, third party warranties are a huge hassle and waste of time. The Ford Extra Service Plans come with a few different options. Get the Warranty just prior to it expiring, it will be less expensive and also consider what you need based on your vehicle trim package. You can check it out online at :

https://www.fordesp.com/v2/

 

If you get one I would go with the Ford extended warranty and not an aftermarket warranty. Price the Ford warranty at all dealers in your area. The pricing varies widely by dealer. Get a copy of the warranty prior to purchase and read the exclusions carefully. I purchased the most comprehensive one for my truck and found later that all hoses (power steering/ a/c) are not covered. Also the loaner coverage requires you to pay intially to be compensated later.

 

i think its a bad idea, 98% of the time you wont need it, and if you took the $ you paid on the extended warranty, you could fix most routine maintenene items. its a gimmick, plain and simple. if they thought there would be claims made, they would not be so anxoius to sell you coverage past the warraty date. the only extra coverage i would ever recomend is "gap" coverage, its offered when you sign the loan papers, in a nutshell its insurance against depriciation, let me explain: you pay $15,000 for a new (or used) vehicle, 2 years down the road it gets totalled out in a accident. the "blue-book" value is now $8,000 , but you still owe $10,000 on the loan. the gap ins would take up the difference, other wise the auto ins will only pay book and the balance (in this example $2,000) is still your responsibility. i was offered (and took) gap coverage on my '93 when i bought it, even though it was way over book value when i bought it. a few weeks later i received info that what i paid for gap coverage would be credited towards my loan, apparently the dealer sold me something i wasnt eligible for, imagine that! altough i saw no stipulations as to vehicle age/value/loan amount. i cant say i blame them. it was 10 years old when i bought it and was over book value by 4,000. yes thats alot to pay for a used truck, but it was what i really wanted and a new one was twice the amount i paid.

 

I've seen "gap insurance" run down also. Basically, you are on fairly solid ground with your points. BUT--the 5 speed automatic in these trucks (Exploders as well) is a known grenade. And an expensive grenade at that. So, depending on the price of the ESP, an $1800 expense now will cover a probable $2400 expense in the near future. Given that the warranty covers other things, it is a gamble, but not as big a gamble as with other vehicles. YMMV. Buyer Beware.

 

Many insurance company's offer bumper to bumper for much less. Geico.

 

The price they charge for the smallest repairs, it wouldn't be a bad idea as long as it has decent coverage.