Extended Warranties - Yay or Nay? - Page 2 - Ford Mustang Forum
View Poll Results: Extended Warranty?
No. Waste of money... 73 64.60%
Yes. Great investment. 40 35.40%
Voters: 113. You may not vote on this poll

Reply
 
LinkBack Thread Tools
Apprentice
 
2slow4now's Avatar
 
Joined: Sep 2010
Location: Toronto
Posts: 166
 
I reluctantly bought mine for resale value...just incase I wasn't happy with the ol girl...
I know I like to drive a lot and would rack up the KMS. So I purchased the extended warranty.
I didn't know that you could get it cancelled...that is great to know because I am starting to seriously think about a turbo.
I bought the car last July and have 31,000KMS on her now.
And after how I WAS TREATED DURING MY CLUTCH PROBLEM I WOULD RATHER JUST PUT IN AN AFTER MARKET CLUTH.
Sorry for the little rant......:yelpleased:


2011 5.0 mustang convert.
Kona blue,
manual trans,
GT acc. package 4,Brembo brake package,
premier trim package,HID lights and of course dest.charges, taxes etc. etc.
2slow4now is offline  
Sponsored Links
Advertisement
 
Apprentice
 
aldocella1's Avatar
 
Joined: Apr 2011
Location: vegas
Posts: 193
 
It's a terrible idea. No company would ever sell you something that wasn't better for them than it is for you. when I sold cars we loved it when people bought them. We made a fortune on them. The are hardly ever used.


2011 6-Speed GT Convertible Premium, Ingot Silver, Brick Red/Cashmere Leather, Premier Trim W/Color Accent, Electronics Package, Security Package, HID Headlamps, Comfort Package, Brembo Brake Package and Rear Video Camera. FRPP air cleaner(K+N) and PROCAL re-tune.
aldocella1 is offline  
GT Member
 
gt1120's Avatar
 
Joined: Aug 2010
Location: Southern
Posts: 1,451
 
I went with a 4/48000 extended warranty for an extra $450, The main reason I did was purchasing that guaranteed I would have a rental car if something happened to mine.
So when my car was in the shop for fifteen days because of bad syncros I had something to drive and only had to pay for fuel.
gt1120 is offline  
 
PONY Member
 
5ohwhoa's Avatar
 
Joined: Dec 2010
Location: STL
Posts: 631
 
Quote:
Originally Posted by aldocella1 View Post
It's a terrible idea. No company would ever sell you something that wasn't better for them than it is for you. when I sold cars we loved it when people bought them. We made a fortune on them. The are hardly ever used.
That's exactly it. If something is going to break because of defect, it will more than likely break before the basic warranty is up. Otherwise the car should be good until after an extended warranty would expire before the big dollar items start to fail. Ford pays actuaries a lot of money to figure out the statistical probabilities of these things happening and where the profit point is at - they wouldn't be offering extended warranties if they were losing money on them.

I've bought two extended warranties, one of them being a Mustang. I didn't need either one. I didn't buy one on this car.

You don't care when my car was built or what options it has.
5ohwhoa is offline  
GT Member
4.6L Member
5.0L Member
S197 Member
 
Supes2011GT's Avatar
 
Joined: Feb 2010
Location: Canton
Posts: 1,273
 
i learned after having a ss 97 s10 i wish i had the extended warranty. my dd blazer glad i went with it saved me thousands. Stang yep i like the peace of mind goin to the dealer and say here your problem fix it lol.

2011 Black GT Premium
Auto, 401A, Shaker 1000, Comfort Package,
18 inch rims, 50/50 Window Tint, Mrt
Rear hinged window louvers, 5.0 Flowmaster
American Thunders.
Boss Quad Exhaust
Ordered 2/9/10
Arrived 4/29/10
Supes2011GT is offline  
PONY Member
 
drew2000's Avatar
 
Joined: May 2010
Location: Long Island
Posts: 389
 
Take the $$ that you would spend on a extended warranty and open a extra savings account. Then every month have another $50 or so automatically deposited to the account. By the time your basic 3/36 factory warranty is up, you should have around $2500 to help cover any unplanned events. If you don't have any problems, you have a nice little nest egg bonus.

2011 Kona Blue/Charcoal GT, 400A Premium,6sp MT, HID's, Security Package, Comfort Package, 3.73's, Koni SRT/SteedaSports+Panhard, GT500 Mufflers
'06 Mazda Tribute,'05 Honda ST1300
'03 Yamaha FZ1000 '98 '00 '02 '04 Ford Expedition
'93 Buick Regal '90 Ford Explorer '87 F-250HD Diesel
'85 Yamaha FJ1100 '83 Honda NightHawk 650
'80 Olds Cutlass '70 Ford LTD
drew2000 is offline  
PONY Member
 
discohouse's Avatar
 
Joined: Jan 2011
Location: SE
Posts: 334
 
waste of money IMO. Like someone else said, put the money in the back 'in case'. Don't give it to your dealer.
discohouse is offline  
MACH I Member
 
YerBuddysPony's Avatar
 
Joined: Apr 2011
Location: 'Land-O-Beer'
Posts: 3,143
 
I voted "yes," but I don't necessarily agree it's a "Great investment." It depends on the warranty terms. Since I'm overseas the extended warranty is from ENCS and has never failed me yet...

2012 Ingot GT Premium / 401a / Reverse Sensing & Security / 3.73 Rear

Mods: CS Fascia w/Fogs / Saleen Grille / Flowmaster Hushpower AB / Koni STR.T Struts & Shocks / Steeda Sport Springs / Steeda HD Upper Mounts / BMR Adjustable Panhard / TPS Slotted Rotors / Hawk Pads / JLT Catch Can / Barton Shifter / Barton 2-Post Bracket / Airaid CAI / Rockers painted to match / HID Retrofit / Bama Baby!
YerBuddysPony is offline  
MACH I Member
V6 Member
S197 Member
 
RickAKATed10's Avatar
 
Joined: Jun 2011
Location: Highland
Posts: 2,507
 
I went with a 5 year bumper-to-bumper warranty from Ford. I think it was $1000 extra. They threw in 5 years free maintenance on top.

PremiumCARE Extended Service Plan Details | FLMowner.com
Ford Premium Maintenance Plan | FLMowner.com

2012 Mustang V6 Premium | Black on Black - SOLD
Options:6-speed automatic | pony package | HID headlamps | security package | reverse sensing system | comfort package
Build date: 5/12/2011 | Purchased: 6/7/2011
Mods: tape stripe delete | 20% tint | Dynomax SS cat-back exhaust (39507) | smoked side markers | Injen intake (PF9022WB)
RickAKATed10 is offline  
GT Member
 
Hoosier Daddy's Avatar
 
Joined: Dec 2010
Location: Winchestertonfieldville
Posts: 1,490
 
Quote:
Originally Posted by manolith View Post
i wish ford had an option when you first buy the car to eliminate warranty for like 2 or 3 grand discount.
If they made the warranty an option, virtually everyone would take it. You have to adjust for inflation but there were some court cases in the 90s involving the value of automobile warranties. For a full sized American family sedan, the warranty was worth between $200 and $300. So if they made it an option it would be far less than 2 or 3 thousand dollars.

2016 Oxford White GT Premium, Performance Package w/silver wheels, 401A, Premier Redline trim, Adaptive Cruise, NAV, Reverse sensing
Hoosier Daddy is online now  
PONY Member
Classic Member
S197 Member
 
PriceFord's Avatar
 
Joined: Dec 2009
Location: Port Angeles
Posts: 466
 
Ford ESP

Let me set some of the misinformation straight re: ESP

#1) DO NOT consider purchasing an ESP from anyone except the manufacturer... everything else is sponsored by a third party risk retention group and while they make a great brochure, they don't do so well paying claims - additionally, the coverage is questionable.

#2) The manufacturer certainly benefits when you buy an ESP - it ensures you are happy with your purchase in the long term and will be much more likely to purchase from them again. If you don't think it's a good idea to cover your purchase - look into cancelling your home owners insurance... that is also profitable for the insurance company... as is medical insurance, life insurance, and auto insurance.

#3) Modifications do not stop an ESP from providing coverage. Obviously, Ford will not cover a part that they didn't build nor will they cover a component that was damaged by an aftermarket component... but the burden of proof is on them, not you. Magnuson-Moss Warranty act determined this many years ago. Additionally, it is rarely the aftermarket component that causes an issue... it's either an owner that is making one extreme modification without the appropriate supporting modifications OR it's plain abuse (no oil changes - etc)

#4) Call me for pricing on an ESP backed by Ford on your Mustang and I will get you fantastic pricing that will make a lot more sense for coverage - honored at every Ford and Lincoln dealer in the US and Canada.
PriceFord is offline  
GT Member
5.0L Member
S197 Member
 
412horses's Avatar
 
Joined: Oct 2010
Location: Columbus
Posts: 2,458
 
In the days of simpler cars I would agree that buying an extended warranty was a total waste a money but to me that is completely outdated thinking now because of the electronics. How long do you expect your computer or big screen TV to last? Exactly.

Scott | 2012 GT Premium Coupe • Performance White • 6R80 • HID • 64M Wheels • Ford All-Weather Pony Mats & Trunk Liner • GT500/GT Rear Mud Flap Set • Ohio's Horses License Plate • Raxiom Aero Tails

If you love your dog, get a microchip, they really work! My lost dog was back home in just under 24 hours thanks to the good citizens who called the county and the microchip that told animal control exactly where he lived.
412horses is offline  
MACH I Member
 
Joenpb's Avatar
 
Joined: Feb 2011
Location: San Diego
Posts: 2,622
 
Extended warranties aren't really like insurance since they are tied to miles driven or years owned, once those mile stones are exceeded you get zilch, despite the fact you're still paying for it. Even car insurance (full coverage) becomes a waste once the car depreciates to a point where you pay more over a few years than the car is worth. Computers & HID TVs will usually last longer than their extended warranties too, and once they go kaput it's often cheaper to buy another new one due to parts obsolescence. The car comes with a 3 year 36K full coverage warranty & 5 year 50,000 mile drive train warranty without paying an extra cent. So that extra 25-50K mile warranty is pretty expensive from what I was able to determine at the dealership.


Joenpb is offline  
Apprentice
 
zimm17's Avatar
 
Joined: Oct 2010
Location: Springfield
Posts: 155
 
I got 7/100,000 bumper to bumper for $2k from ford. It's a gamble, but I got it. Between the HID lights, navigation, etc- if any of those craps out, I come out ahead with the warranty. No amount of mods is going to cancel an electronics issue- which what I'm worried about.

My dad had the extended warranty on his '03 G35. It sits outside and the headlights got glazed over- they replaced something like $3k worth of parts with no problem. He did get suckered into the wheel/tire warranty, that was a total rip off. When he did curb one of the 18" wheels- it wasn't covered!

'12 Kona Blue GT500 SVTPP/Electronics package
zimm17 is offline  
PONY Member
Classic Member
S197 Member
 
PriceFord's Avatar
 
Joined: Dec 2009
Location: Port Angeles
Posts: 466
 
Quote:
Originally Posted by Joenpb View Post
Extended warranties aren't really like insurance since they are tied to miles driven or years owned, once those mile stones are exceeded you get zilch, despite the fact you're still paying for it. Even car insurance (full coverage) becomes a waste once the car depreciates to a point where you pay more over a few years than the car is worth. Computers & HID TVs will usually last longer than their extended warranties too, and once they go kaput it's often cheaper to buy another new one due to parts obsolescence. The car comes with a 3 year 36K full coverage warranty & 5 year 50,000 mile drive train warranty without paying an extra cent. So that extra 25-50K mile warranty is pretty expensive from what I was able to determine at the dealership.
My point is this: I don't see the value when your dealership marks the ESP up $2000... but at just over cost, they are an amazing value... you can also tailor the ESP to the way you drive, both in terms of months and miles.

PriceFord is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Ford Mustang Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a VALID email address for yourself, otherwise you will not receive the necessary confirmation email needed to confirm, validate and activate your new AFM member account.

Failure to provide a VALID email address, will result in the cancellation of your new AFM member account registration.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome
 


Search Engine Friendly URLs by vBSEO 3.6.1