The Dreaded Extended Warranty
#1
The Dreaded Extended Warranty
So yes, I hate the sales pitch on extended warranties. It seems so silly. Yet, I just traded my 2010 F150 (w/70k) for a 2013 F150 and have some reasons I am thinking about it.
One, I had a couple exhaust gaskets go bad on my prior F150, post-warranty. That was $1,000. Also, the heated seat warmers stopped working, along with the retractable rail on the drivers side not functioning properly. I was waiting to get them fixed, but a motor on the rail is around $800, not counting labor. Not sure on the heated seat costs, but you get my point. Part of why I traded in the truck was to reset my warranty on a new one, and not put more money into my prior one, without a warranty.
So while I hate the extended warranties, these F150's have some nice bells and whistles on them, that I'm not completely sold are fool-proof from failure.
What do you guys think? Is a 5yr/100k warranty worth $1650?
Thanks.
One, I had a couple exhaust gaskets go bad on my prior F150, post-warranty. That was $1,000. Also, the heated seat warmers stopped working, along with the retractable rail on the drivers side not functioning properly. I was waiting to get them fixed, but a motor on the rail is around $800, not counting labor. Not sure on the heated seat costs, but you get my point. Part of why I traded in the truck was to reset my warranty on a new one, and not put more money into my prior one, without a warranty.
So while I hate the extended warranties, these F150's have some nice bells and whistles on them, that I'm not completely sold are fool-proof from failure.
What do you guys think? Is a 5yr/100k warranty worth $1650?
Thanks.
#3
So yes, I hate the sales pitch on extended warranties. It seems so silly. Yet, I just traded my 2010 F150 (w/70k) for a 2013 F150 and have some reasons I am thinking about it.
One, I had a couple exhaust gaskets go bad on my prior F150, post-warranty. That was $1,000. Also, the heated seat warmers stopped working, along with the retractable rail on the drivers side not functioning properly. I was waiting to get them fixed, but a motor on the rail is around $800, not counting labor. Not sure on the heated seat costs, but you get my point. Part of why I traded in the truck was to reset my warranty on a new one, and not put more money into my prior one, without a warranty.
So while I hate the extended warranties, these F150's have some nice bells and whistles on them, that I'm not completely sold are fool-proof from failure.
What do you guys think? Is a 5yr/100k warranty worth $1650?
Thanks.
One, I had a couple exhaust gaskets go bad on my prior F150, post-warranty. That was $1,000. Also, the heated seat warmers stopped working, along with the retractable rail on the drivers side not functioning properly. I was waiting to get them fixed, but a motor on the rail is around $800, not counting labor. Not sure on the heated seat costs, but you get my point. Part of why I traded in the truck was to reset my warranty on a new one, and not put more money into my prior one, without a warranty.
So while I hate the extended warranties, these F150's have some nice bells and whistles on them, that I'm not completely sold are fool-proof from failure.
What do you guys think? Is a 5yr/100k warranty worth $1650?
Thanks.
http://www.zeiglerfordesp.com/default.aspx
but that was when they were running a special promotion code. if its the right price id say go for it.
GLC is right you can add the extended warranty anytime before the 36,000 miles. They give you a little discount if you buy the warranty before you get to 12,000 miles
Last edited by KingRanchCoy; 12-11-2013 at 11:21 AM.
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#8
I actually Called Bob Cline at Zeigler Ford. Top notch guy. After i got off the phone with him i didnt have any worries. Ive even been told he can beat the price thats on the website. Good Luck!
#9
Go to http://www.zeiglerfordesp.com
Use Discount Code GREGH
I just got a 7yr/100K $0 Deductable for $1450.00
Use Discount Code GREGH
I just got a 7yr/100K $0 Deductable for $1450.00
#12
Go to http://www.zeiglerfordesp.com
Use Discount Code GREGH
I just got a 7yr/100K $0 Deductable for $1450.00
Use Discount Code GREGH
I just got a 7yr/100K $0 Deductable for $1450.00
#13
Let's think about it: When you sell a warranty how do you make money? Well, the average repair bill is less than the cost of the warranty? I do most of my own work anyhow and I take care of my truck. Therefore I am gambling, with the odds in my favor, that the warranty is going to cost more than my repairs and I don't want to pay for the cost or "possible repairs" before they happen. Not to start anything, but warranties that you pay extra for are wasted money. The rule of thumb for this insurance is to pay fifty cents on the dollar. The rest goes to commissions and admin. DON'T DO IT.
#14
#15
Let's think about it: When you sell a warranty how do you make money? Well, the average repair bill is less than the cost of the warranty? I do most of my own work anyhow and I take care of my truck. Therefore I am gambling, with the odds in my favor, that the warranty is going to cost more than my repairs and I don't want to pay for the cost or "possible repairs" before they happen. Not to start anything, but warranties that you pay extra for are wasted money. The rule of thumb for this insurance is to pay fifty cents on the dollar. The rest goes to commissions and admin. DON'T DO IT.
Also if you trade or sell the vehicle before the warranty is up, you can get the unused portion of the warranty cost back. When I traded my 07 in for the 09, I got back over $600.
This was also not the first time I have needed the extended warranty on a vehicle. It only takes one repair to make the warranty well worth it.
It is nothing but insurance. Would you go without auto, home, or health insurance just because you may not use it.