dbunch304 Posted July 15, 2019 Report Share Posted July 15, 2019 Trying to help my Girl Friend out on a decision.. She has a 2013 C-max hybrid with 56000 miles. It just ran out of the extended warranty at 50000. Ford is offering the following: Ford Premium Warranty. Covers everything but Big Battery which has 10 years, maintenance and wear items additional 3yr or 36000 for $2635 (Seems high to me) 10% down spread 18 months no interest Is it worth it. My gut says it would be cheaper to fix issues as they happen. But I'm not sure how much somethings cost to replace. Any input is appreciated. Quote Link to comment Share on other sites More sharing options...
zalusky Posted July 15, 2019 Report Share Posted July 15, 2019 What is the quote from this well known place for the same warranty: https://andersonandkoch-ford-warranty.com Quote Link to comment Share on other sites More sharing options...
homestead Posted July 15, 2019 Report Share Posted July 15, 2019 Taken as a whole extended warranty companies charge enough to make a profit. So if you buy enough of the contracts over the years you will probably lose money vs costs for actual repairs. You might get lucky buying a contract and having a large repair especially with something that has poor reliability. But then you shouldn't be buying something with poor reliability in the first place. I don't buy them as rule and so I believe I have saved a lot more than what the contracts would have cost. Plus they seem write the contracts with exclusions to save themselves even more money. plus 3 golfer 1 Quote Link to comment Share on other sites More sharing options...
jmcgliss Posted July 15, 2019 Report Share Posted July 15, 2019 The rates posted in the Anderson link are comparable to what our Lincoln dealer quoted to add three more years to a 2015. A different dealer was almost $500 more for the same coverage with no explanation. While I agree with the pay-as-you-need-repairs approach, we had several failures on our 2015 MKZ 1 day before the B2B warranty ran out (and the car only had 26,000 miles). Replacing the digital instrument pod would have been $1,000 so that convinced us to try the extended warranty. When the lease on our 2018 C-Max expires we'll see how we feel about keeping the car at the time. It has fewer electronics aside from the hybrid drive line. Quote Link to comment Share on other sites More sharing options...
dbunch304 Posted July 15, 2019 Author Report Share Posted July 15, 2019 What is the quote from this well known place for the same warranty: https://andersonandkoch-ford-warranty.com Thanks... But they don't service FL and only on a vehicle that has no more than 41000 miles.. Quote Link to comment Share on other sites More sharing options...
markd Posted July 16, 2019 Report Share Posted July 16, 2019 Seeing how we haven't had one problem with our 2014 we opted not to get the warranty. I hope to have a new Escape Hybrid by this time next year. Tom L 1 Quote Link to comment Share on other sites More sharing options...
fbov Posted July 17, 2019 Report Share Posted July 17, 2019 You too, eh! markd 1 Quote Link to comment Share on other sites More sharing options...
dbunch304 Posted July 18, 2019 Author Report Share Posted July 18, 2019 Thanks for the great info...And yes, I know its a flip of the coin... You might or might not have that expensive issue... Quote Link to comment Share on other sites More sharing options...
plus 3 golfer Posted July 19, 2019 Report Share Posted July 19, 2019 Thanks for the great info...And yes, I know its a flip of the coin... You might or might not have that expensive issue...NO, the flip of the coin is a 50-50 chance. It probably more like hitting 00 on a roulette table if that. I never had an expenditure with a car I've owned in the last say 20 years where I ever could have used an extended warranty. I don't buy extended warranties. I did buy Geico mechanical breakdown insurance (which is an insurance product regulated by states) and paid less than $27 a year ($200 deductible) for 5 1/2 years (hit 100 k miles). So, that gives one an idea of how much that $1500 extended warranty really costs the seller. IMO, the best advice is to self-insure. Take the money one would spend on all types of extended warranties (vehicles, home, appliances, electronics and the like) and invest it. For many, a big repair presents a cash flow problem - where do I get the cash for a $3 k, $4 k, $5 k expense. So, the out is to pay smaller amounts for service contracts and extended warranties Had one simply banked this money, they would have quite a nest egg after 20 years. fbov, icanhazc-max, SnowStorm and 1 other 4 Quote Link to comment Share on other sites More sharing options...
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