Extended Warranties any good?
 

Hello, first post here.

Last weekend I picked up a used F-150 mostly for hunting and fishing duty, the wife seemed to have a problem with me throwing dead animals in the back of the Explorer :) It will probably also end up doing duty as my sons vehicle when he is old enough to drive.

Anyways, the truck is a 2000 Extended Cab styleside, 4.6L V8, 80,000 miles.

It is in excellent condition, I bought it from the same Ford dealership the Explorer and my Mustang GT came from though both of them were purchased new.

Anyone think the extended warranties for vehicles of this age/mileage are worth it? The dealership wanted over $2k for a 1 year warranty - that wasn't happening.

Even the aftermarket warrenties I've looked at while longer duration are in that same ballpark for a bumper to bumper that covers "wear and tear". I'm afraid if you don't get one that covers wear and tear, well that just leaves the warranty company a big out on a 7 year old vehicle with 80,000 miles on it.

I'm thinking that $2k would better be placed into the bank as an emergency fund if there were to be a problem.

If anyone knows of a good aftermarket extended warranty for the vehicle that the company doesn't eke out of claims and won't take my second son as payment, I'm listening.

I'm pretty comfortable as to the reliability of the engine, both my Mustang and Explorer have the 4.6 (though the GT has 100 more horses, wth?) :)

Thanks,
Earl

Extended warranties are a ripoff.

Agree 100%

you're right on thinking about putting the $2K in the bank.

Yep that is what I was thinking. Whomever owned it before seems to have taken pretty good care of it - that or the dealership did alot of servicing to it one before putting it on the lot.

Like someone else mentioned I think on this board, I couldn't believe the sticker shock. I was thinking about trading my 05 Mustang GT in towards a new (or almost so) truck and using it for my daily driver. But one, the prices were unbelievable (more so than even the Mustang stickered at new) and two I just couldn't give up the 'stang. She's too much fun to drive.

So I compromised and got the older truck.

Earl

80,000 miles? that truck aint old! my NEW 2001 has 160,000 and plan on at least that much more before i get it broke in. this isnt 1975. 150,000 is nothing these days.

Yep, when I was looking at them I saw many in the 120-180,000 range and a few hitting 200,000 and over. This one will have an easy (mostly so) life hunting and fishing on weekends at least until my oldest hits 16 and then (once he is paying for it) takes it over.

I learned from my "childhood". I was in high school in the late 70's, early 80s and drove a '76 T/A followed by a '79 Z-28. I worked from the time I was 15 so paid for them myself. My driving record was shot to crap for years, I was racing them things every weekend, etc..I know you can still speed in a truck, but I'd rather he drive an extended cab full size truck then a sports car :)

My youngest (5) is the one that cracks me up. Both boys really like the new truck. The youngest keeps saying how he likes the "new" car smell...of course the oldest (13) knows my plans and insists on calling it "his".

:)

Earl

Only complete idiots buy the extended warranties!!!! :-missingt


Ray

Actually extended warranties can be good but they HAVE to be from the manufacturer, not these aftermarket companies. Since Ford will not offer an extended after the vehicle is out of the factory warranty, I'd say in your case no way would I get one. I think they are a great thing for someone who buys a vehicle and will not have $2K-$5K available if there is a catastrophic failure and it will be their only vehicle, figure any reasonable dealer will not charge over $1500 for a full coverage warranty. Roll that into the loan and that would be the only way you could afford those possible high dollar repairs. In most cases if you have the money to buy the warranty it would be better spent in the bank gaining interest for that future repair or towards a down payment on your next vehicle.

extended warrenties we used to reject them all the time since the companys you have to deal with DENY stuff all the time!! unless the customer was willing to pay upfront and fight with their extended warrenty themselves..also most the time them ext war people are not even in this country when we talked to them to get a job approved for our customer they were a call center in india or somthing.. so we stopped accepting them. they will deny a claim faster then anything and we didnt and dont have hours to fight with them on the phone.

Ray

I agree, I bought the Ford Extended warranty on my truck when I bought it used because it was still under the factory warranty. It was about $1800 but I have since used it for a $200 a/c hose assembly (routed wrong from the factory) and later a new A/C compressor, dryer, orfice tube, flush, labor, ect. when the compressor got a little noisy. It has pretty much paid itself so anything else that may occur will be a bonus I guess.
I wouldn't have fooled with an aftermarket warranty though, Just the Ford ESP.