Warranty work strikes again for the Swamp Ape

[Stircrazy]

Extended warranties have never been a good buy for the consumer. If they were, no one would sell them.

I’m not even sure they are a good choice when you own a seemingly unreliable vehicle like the Bronco Sport. The extended warranty prices reflect the BS’ spotty reliability record.

thats kinda funny, I have recived way more than what I paid for the warenty in repairs, but there is two ceaviates, I never buy brand new so usaly there isn't much of the factory warenty left, and I am talking about ford extended warenties. all three of my vehicles and the wife's car and both kids have either broke even on the cost of the warenty or saved money by having it. it doesnt take much of a repair to add up to the warenty amount now days.

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[CLR]

This is a long winded way to say I’m probably going to sell the BS when the warranty expires. That hurts because the one sure way to maximize your transportation expenses is to trade vehicles frequently.

An extended warranty or even a few out of pocket repairs is still less expensive than ~50% depreciation if selling after a few years.

 

[davidg4781]

This is a long winded way to say I’m probably going to sell the BS when the warranty expires. That hurts because the one sure way to maximize your transportation expenses is to trade vehicles frequently.

I know in my mind this is correct, but when I bought this car, my last car was only worth about $2,000. If I trade in my BS once it's paid off, it may be worth about $15k. On the surface, it would be a good idea to trade it in and have a good down payment.

I don't have the mental stability to work out the long term math anymore. Maybe in a month or so when I take vacation.

 

[TheX]

Extended warranties have never been a good buy for the consumer. If they were, no one would sell them.

 

[Arcee]

Put the $3,000 you would pay for the warranty in a high yield savings account. Throw another $50 per month in there. Use that to pay for any out-of-pocket repairs that may come up. After 10 years if you didn't need to touch it, you will have almost $11,000 in there. Use some of it to help with the down payment on the next car, keep $3-4K in it, and press on.

I would rather keep that $3,000 in my hands then give it to a warranty company and potentially never use the warranty.

 

[gatornek]

Put the $3,000 you would pay for the warranty in a high yield savings account. Throw another $50 per month in there.

This is usually my line of thinking when sitting thru 'finalizing the paperwork' on a purchase. Like someone else said on this thread, they wouldn't be selling them if they were profitable to the buyer.

It makes for great peace of mind though, when someone might not really have reason for it, while approaching 50K miles.

Those contrasting sentiments pretty much encapsulates my experience with the BS.

 

[jkernitzki]

One item not usually mentioned is that with a Ford ESP (as opposed to a third-party warranty), it is both transferrable (increasing future trade/sale price) and refundable (prorated), so it still holds value beyond the initial purchase.

Still not an investment, but not a wholly empty expenditure either.

 

[TheX]

One item not usually mentioned is that with a Ford ESP (as opposed to a third-party warranty), it is both transferrable (increasing future trade/sale price) and refundable (prorated), so it still holds value beyond the initial purchase.

Still not an investment, but not a wholly empty expenditure either.

It doesn't increase resale by much if anything at all. Most mods are that way.

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