This is probably just an MPG regulations move. On the other hand, a diesel engine should last far longer than a gas one. I could see buying one if it is something you are going to have to keep a really long time, and are really going to rack up the miles on.

 

Most buyers aren't buying new vehicles for longevity, with strong residual values, and a quickly changing tech features. People are upgrading 3-5 years instead of 7-10 like they used to

Maybe eventually higher gas prices will slow down the market......

 

I used to be a 3-5, now I am turning into a 7-10+. I am on year 6 of my current 150, and with the wife's new truck, it gonna be awhile before I get something different.

 

I plan on keeping my 2007 F150 until minimally 2022, only because it is under a Ford ESP warranty. But I am sure I will be keeping it much longer than that. I've got a '07 Compass that will need to be retired way before the truck. So that will probably get replaced in 2023. I try to keep at least one of my vehicles under a warranty so I am guaranteed to have something "reliable" to drive, instead of a "backyard" project.

 

what was the cost to get warranty on a 2007 thru 2022.

 

Just the question I was thinking of asking. Had to be stupid expensive unless it's non-transferrable and they figure he'll bail / sell before the big claims start rolling in.

 

Cost of the warranty for all those years was right about at the ~$5k mark. However, it's paid for itself in the years I've had the truck. Last year the parking brake cables failed and the whole mechanism got messed up on both sides and in the truck. Cost was about $900 if I didn't have the warranty. My steering wheel made noises and binding when turning, would've cost me $600 to get it fixed. The most expensive job was a few years ago when the lower seal started leaking oil. Forgot how much that would've been. So yes, Ford lost money on this truck and the big claims were already rolling in.

I don't mind paying for it, only because my Ford dealer has treated my family well over the past 30 years. They do the job right the first time.

Edit: Forgot to mention, warranties are hit and miss. Some people will find them an utter waste of money, only because the product works fine throughout it's lifetime. Some will need them warranties to get the product fixed all the time. So, say there are 10 people who buy warranties -- not all those 10 people are going to make out with what they spent on the warranty. So say 7 out of those 10 people use the warranty, you've got the 3 that will likely never use it. Out of those 7 people that do use it, only 3 will likely go over what they spent on the warranty. So at the end of the day, you still have 7 people that contributed to the warranty to make the guaranteer profit. At the end of the day, the guaranteer still made profit.

Since the truck is paid off, and it's in great shape, I can't see not having a warranty on it. Plus if I were to sell it/trade it, the Ford ESP is transferable.

 

The odds are computed and profit margins are added to the cost of the insurance. So, the odds are it will cost you more than it will save you but each case is different. If I knew nothing about repairing cars, I might consider one.

Home warranties are different. If you buy one of those, you will never get new appliances or heating systems. they will always be repaired because that is the cheapest solution at the time. We changed out all of our kitchen appliances after 15 years because the wife wanted stainless steel appliances when all of them still worked fine. One of my neighbors has a home warranty and his home still has the 25 yr old heat pump which is very inefficient compared to newer ones. i got tired of the numerous repairs to my two Rheem heat pumps after 15 yrs and replaced them with more efficient and much more reliable units 10 yrs ago.