32,000 miles - should i buy extended warranty?

Sensei

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We might have a highest mileage of all forum members winner here? And no problems either...
Eh I stay quiet on the boards but i have my 2021 big bend at 49k ish. Only issues I have is the reverse mooing and a crack in the windshield.
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sajohnson

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Just to add to my post above (#28):

1) Anecdotal stories -- mine or anyone else's -- should be ignored.

For any given vehicle, there will always be people with 300,000+ miles and zero problems, and others whose car has been in the shop more than it's been in their garage.

Owners who bought an extended warranty and had $15,000 worth of work covered like to brag about what a smart purchase they made. They're a "winner" -- just like a small percentage of people who play slot machines are winners.

Owners who decided against a warranty and have had few/no problems like to crow about how much money they saved (by not buying the warranty).

The only time anecdotal experiences are useful is when a large number of them (say tens of thousands) are gathered together and analyzed -- like CR does. Then trends become more obvious.

2) In addition to 'peace of mind' (for those who would otherwise be worried/anxious) one other reason an extended warranty might make sense is when the owner is in an unusual situation -- one that is not excluded by the underwriter.

For example -- suppose a warranty has no prohibition against towing (within Ford's guidelines). The underwriter doesn't even ask about towing, or if they do the cost is the same. The underwriter figures that most people don't tow at all, or if they do, it's relatively light weight for a short distance (like taking a utility trailer to HD). However, a few owners plan to tow all the time. Perhaps they are traveling around the country full-time with a camper that's right at Ford's weight limit. Lots of full throttle pulls up steep grades, forest service roads, etc.

*THAT* person might have better odds to get their money back from a warranty -- and maybe even become a *winner*. :cool:
 

Meanderthal

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Just to add to my post above (#28):

1) Anecdotal stories -- mine or anyone else's -- should be ignored.

For any given vehicle, there will always be people with 300,000+ miles and zero problems, and others whose car has been in the shop more than it's been in their garage.

Owners who bought an extended warranty and had $15,000 worth of work covered like to brag about what a smart purchase they made. They're a "winner" -- just like a small percentage of people who play slot machines are winners.

Owners who decided against a warranty and have had few/no problems like to crow about how much money they saved (by not buying the warranty).

The only time anecdotal experiences are useful is when a large number of them (say tens of thousands) are gathered together and analyzed -- like CR does. Then trends become more obvious.

2) In addition to 'peace of mind' (for those who would otherwise be worried/anxious) one other reason an extended warranty might make sense is when the owner is in an unusual situation -- one that is not excluded by the underwriter.

For example -- suppose a warranty has no prohibition against towing (within Ford's guidelines). The underwriter doesn't even ask about towing, or if they do the cost is the same. The underwriter figures that most people don't tow at all, or if they do, it's relatively light weight for a short distance (like taking a utility trailer to HD). However, a few owners plan to tow all the time. Perhaps they are traveling around the country full-time with a camper that's right at Ford's weight limit. Lots of full throttle pulls up steep grades, forest service roads, etc.

*THAT* person might have better odds to get their money back from a warranty -- and maybe even become a *winner*. :cool:
Agreed that any one experience, or even any one thread with a collection of experiences, on this forum is not evidence of good or bad.

I purchased an extended warranty when I bought it. Part of me would like to use it at some point but another part would rather see that money “wasted”. If I got $15k of repairs, even with a warranty, I would not feel like a “winner” in that situation. Too much pain involved in getting that much work done, even with a warranty.

It’s sort of the same as car insurance. Yes, it is nice to have it paid for when something happens but it is always a PITA to get the work done and it’s never as good as you want it to be.
 

sajohnson

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Agreed that any one experience, or even any one thread with a collection of experiences, on this forum is not evidence of good or bad.

I purchased an extended warranty when I bought it. Part of me would like to use it at some point but another part would rather see that money “wasted”. If I got $15k of repairs, even with a warranty, I would not feel like a “winner” in that situation. Too much pain involved in getting that much work done, even with a warranty.

It’s sort of the same as car insurance. Yes, it is nice to have it paid for when something happens but it is always a PITA to get the work done and it’s never as good as you want it to be.
Absolutely correct!

I would/do feel the same way you do. I used the word 'winner' because that's how some people act.
 
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matienzo

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I’d like to know how this is working out. How many miles now? Any issues? Did extended warranty help?
Hey there. my orange Julius has been absolutely perfect. Like NOTHING wrong. Original set of tires lasted 75000 miles. Unreal. Gas mileage dropping a little so I’ll get new spark plugs. Keeping my fingers crossed.
 


Meister61

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My BS Badlands will be ready to pick up on Thursday. The finance guy asked me how long I planned on keeping
it. When I told him I had had my GMC truck 10 years he came up with a nine year plan for $ 4600.00, I laughed and declined.
 

69cuda340s

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Eh I stay quiet on the boards but i have my 2021 big bend at 49k ish. Only issues I have is the reverse mooing and a crack in the windshield.
Reverse mooing?
 

Blue oval fan

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Get an "exclusionary" service contract. Nothing is bumper to bumper and it's not a warranty. Look at the exclusions list for non covered components. Ask for a copy of the actual contact and not the brochure. Ford is good, AGWS Compass, Protective. There are a lot of shady companies out there, I'm in the business so delt with plenty of them first hand. Is it add on mileage and time or does it start from the original in service date? Is there and aggregate limit on the policy, how much they will pay for repairs, usually nada retail value off the vehicle. Is there a labor rate cap? Reducing deductible?
 
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Meister61

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Bottom line, if you are planning on keeping your vehicle for more than 3-4 yrs, an extended warranty is a good bet.
My thought was, I have had my GMC for ten years and have not put more that 1K in repairs into it. One transmission control module at about 80 K. If this Bronco needs more than 4600.00 in repairs in it’s first ten years of use I probably should not have bought a Ford in the first place. In three or four years if they are plagued with problems it will be down the road.
 

sajohnson

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As Clint Eastwood famously said, "Do ya feel lucky punk? Well do ya?"

The companies that underwrite extended warranties are essentially operating casinos. At least actual casinos and online gambling websites are regulated.

As noted in post #40, there are a lot of variables to be aware of. No doubt some warranties are better than others, but one thing is for sure -- the "house" always wins. The underwriter has a vast amount of information about every vehicle they offer a warranty for. They know, on average, what the repair costs will be. They charge as much over that as they possibly can convince people to pay -- often by dealership employees using scare tactics. The one they tried 2-3 times on my wife and I was, "The backup camera could fail, and that costs $850 to repair!!" My reply every time was, "I'll either repair it myself or do without a backup camera." (None of our other cars have backup cameras).

Anything *could* fail. The engine could throw a rod, the transmission could blow up. The question is, how likely is it that those things will happen? The underwriter knows better than we do. It's easy to scare people by tossing out large repair costs, but the bottom line is, most people never use their extended warranty -- and if they do, the amount the company pays (after deductibles) is almost never going to be more than the warranty cost.

As I mentioned above, there are 2 reasons why a person might consider an extended warranty:

1) Piece of mind. If they are the type of person who will lay awake at night worrying about the worst-case scenario, then as long as they are aware that they are unlikely to get some, let alone all, of their money back -- they might feel better knowing their potential repair expenses are limited.

2) This goes for anything -- a phone, laptop, vehicle: If the owner has info the underwriter does not have. If the product will be used in a way that is outside the norm, but still covered. The example I used above is someone who tows all the time, and has a BS/trailer combo that is close to the GCWR. That might be a case where a warranty would make more sense -- because the underwriter is assuming the average use, which is rarely/never towing.
 

Barry S.

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I have always purchased my new cars with extended warranties. Although I usually trade my cars in every 3-4 years and, being retired, I don't put on nearly as much mileage as I used to, it gives me peace of mind not to have to worry about any major repairs. That, in itself, is worth the extended warranty expense. But that's me. Others have to make their own decisions based on their own personal comfort level.
 

PaulOinMA

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You should look into Zeigler Ford for the extended warranty.

Their prices are good, they offer 0% financing, or a $250 discount if you pay in full.
Check Granger, Flood, and Zeigler.

Granger has been least expensive, said it be $50 over dealer cost. Flood has been $100 over. Zeigler a little higher than Granger and Flood earlier this month when I checked for my wife's BS BL.

I asked my dealer if they would match Flood for my FE and my wife's BL. They gladly did.

Laughed the ESP brochure listing covered items last year. Cassette deck was listed under audio. 😀

Separately, there is a maintenance plan. Actually priced o.k.-ish at my dealership if I didn't change oil and filters myself, as it locks in price.
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