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How many people purchased the extended warranty?

How many people purchased the extended warranty?

  • Yes

    Votes: 104 36.7%
  • No

    Votes: 150 53.0%
  • May purchase before warranty expires

    Votes: 29 10.2%

  • Total voters
    283
Messages
119
Likes
46
Location
Los Angeles
I got mine after the 36 month, 36,000 miles were up. I paid $3,999 for mine and I'm covered up to 125,000 except for tyres and battery. I'm glad I got it as it already saved me over $2,200 in parts and labour. You don't need it yet if it's a 2019 car. I just wanted to be safer than sorry.
 


Messages
20
Likes
16
Location
Charlotte, NC, USA
I got mine after the 36 month, 36,000 miles were up. I paid $3,999 for mine and I'm covered up to 125,000 except for tyres and battery. I'm glad I got it as it already saved me over $2,200 in parts and labour. You don't need it yet if it's a 2019 car. I just wanted to be safer than sorry.
It has saved you $2200 as in you would have had $6200 in parts and labor? Did you blow a motor or something?

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Ford ST

2000 Post Club
Messages
2,029
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1,660
Location
Pleasant Garden
Let me get this straight someone paid $4,000 for an extended warranty on a cheap car you are a fool.
That's 20% of the value of this vehicle brand new.
Financial literacy is a huge passion of mine.
You could have took $4,000 and put it into a online savings account before the whole covid-19 you could have been earning 2% interest. Compound interest is a wonderful thing.
Most people also finance the extended warranty so they pay even more for them.



Sent from my LG-LS997 using Tapatalk
 


Last edited:
Messages
119
Likes
46
Location
Los Angeles
I paid cash for it. I could well afford it which is why I chose to get it. So if I have any expensive repairs in the next 30,000 miles, I'm covered, so I can sleep easy at night. Is expense the main thing that owners are complaining of because they can't afford to fix their cars? You do your thing, I'll do mine.
It has saved you $2200 as in you would have had $6200 in parts and labor? Did you blow a motor or something?

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NO! The $2,200 is what I would have had to pay for the repairs had I not got the warranty. So currently, I'm only $1,800 out of pocket but I still have 30,000 miles left on my mileage before the warranty runs out.
 


jmrtsus

1000 Post Club
Premium Account
Messages
1,124
Likes
585
Location
Ooltewah
Anyone buying an extended warranty on a new car and financing it got taken by the closer. If I were buying a car that has a poor reliability record I may think about it when the factory warranty runs out. But on our FiST.....not hardly! And if you have "mods" unless you found a very "special" deal any engine performance mods will wipe out your coverage on the engine if the warranty holder finds out. Read the fine print before buying if you feel you have to have it. In almost all cases suspension will not be covered if modded, engine and tranny coverage will be gone with performance mods if they find out. But the bright side is your blend door will be covered! Ford Extended warranty will do monthly payments if you buy at the end of your factory warranty and it uses Ford parts. So why would you pay finance charges for 3 years before you can even use it? As to saving money in this example you pay $4K and get $2K in repairs, how did that "save" money? They spent YOUR $2000 on the repairs that you could have been earning interest on. What a deal! Like all things in the FiST world choices are made and what one sees as a good choice others under differing circumstances will see as a bad choice. We are still at this point a free country, do what what makes you happy!
 


Messages
119
Likes
46
Location
Los Angeles
The warranty meant that I didn't have to pay money for repairs out of my pocket as they were already covered. As a retiree, I think it was a good decision. Would anyone want to pay a $1,500 bill from their pocket in these hard times? Then get another bill for over $700 a few weeks later? How many repairs have you or anyone else had to pay out for that you had NOT planned for? What interest? The banks pay you nothing so that argument goes out of the window! Luckily, we're in a better position now than when we were both working, so I feel sorry for those that have lost their jobs and will still be paying for their cars! I think we'll be seeing quite a few up for sale.
 


Messages
2,029
Likes
1,660
Location
Pleasant Garden
As I mentioned before online savings accounts were paying over 2% interest before the economy dropped right now you can still fine about 1.2%.

Whatever the warranty cost you put that money aside to potentially pay for the repairs if they happen. I don't care what you do your choice. I don't agree with it and I would never recommend one.

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Messages
119
Likes
46
Location
Los Angeles
Let's see how this pans out and who ends up with big bills! By the way, who else got the recall notice for the pawl spring tab? First recall in nearly 6 years. Pretty good record for this car!
 


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