Roman Smolkin Posted January 26, 2015 Share Posted January 26, 2015 What do you all think about buying extended factory warranty on the car vs paying out of pocket for future repairs? My warranty is running out within a week. Seem in Florida there is some law that prevents them from being able to discount any of the plans. Additional 4 years, 125k miles coverage with $50 deductible is about $3500 (can be financed). Seems really high to me, but the question is what are the chances of me having repair bills for more than that in the next 4 years? What's been your highest and/or average bill total for any repairs if your C-Max is out of warranty? Quote Link to comment Share on other sites More sharing options...
dtorres Posted January 26, 2015 Share Posted January 26, 2015 Check online. You can buy a Ford warranty from any dealership including online and it's honored by Ford. I've bought the last three extended warranties for my Fords online including from dealerships that were out of the state I live in and have never had a problem when using them. Just make sure the place you buy it from is a Ford dealership. Quote Link to comment Share on other sites More sharing options...
fordmantpw Posted January 26, 2015 Share Posted January 26, 2015 For $3500, no way would I do it! I normally don't buy extended warranties, but I did for my Super Duty. Glad I did as it has paid for itself. I spent < $1200 on the warranty ($0 deductible) and it has covered a $1200 radiator replacement, and just today, a $225 vacuum valve replacement for the 4x4. I bought mine here: http://www.floodfordesp.com/ You can go there and compare prices. Really, though, in my case, factor in interest lost by plunking down $1200, I would have come out about even. My warranty is up in April. 1 Quote Link to comment Share on other sites More sharing options...
akirby Posted January 26, 2015 Share Posted January 26, 2015 If you're asking whether it is cheaper in the long run - it's virtually never cheaper to buy extended warranties in the long run over several vehicles. It's like gambling in vegas - the odds are always in favor of the house. You might get lucky (or unlucky) on one or two vehicles but over the long haul it's always cheaper to insure yourself. The only way that makes sense is to purchase it and finance it with the vehicle so you're only paying a few bucks per month to avoid a large repair bill. If you can afford to purchase an extended warranty with cash or finance it after the fact then I would say you can also afford to pay for a large repair yourself the same way. Some people just like the peace of mind they get from being covered and not having to worry about a big repair bill. I get peace of mind knowing that I've saved well over $7K by never buying them, and even if I had to spend $4K tomorrow I'm still $3K ahead. That said - if you get one shop around and only get a Ford ESP. The others aren't worth the hassle of trying to get something repaired. 2 Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted January 26, 2015 Share Posted January 26, 2015 I'm glad I got one on my Focus when I bought it. A month after i got it, I hit a pothole on the freeway at 75mph and bent an axle shaft. What was a 1000 repair only cost me 100 and i got a rental for free while the dealer waited for the part to come in. Quote Link to comment Share on other sites More sharing options...
fordmantpw Posted January 26, 2015 Share Posted January 26, 2015 I'm glad I got one on my Focus when I bought it. A month after i got it, I hit a pothole on the freeway at 75mph and bent an axle shaft. What was a 1000 repair only cost me 100 and i got a rental for free while the dealer waited for the part to come in. That sounds like more of an insurance issue than a warranty issue. Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted January 26, 2015 Share Posted January 26, 2015 That sounds like more of an insurance issue than a warranty issue. Insurance had nothing to do with it, it was all part of the warranty that came with the car when I bought it. the previous owner purchased the extended warranty and it transferred over to me. The $100 was a deductible and the rental was covered by the warranty. My insurance co never got invovled Quote Link to comment Share on other sites More sharing options...
fordmantpw Posted January 26, 2015 Share Posted January 26, 2015 Insurance had nothing to do with it, it was all part of the warranty that came with the car when I bought it. the previous owner purchased the extended warranty and it transferred over to me. The $100 was a deductible and the rental was covered by the warranty. My insurance co never got invovled Well, what I meant was that hitting something in the road is normally not covered by warranty, but by insurance. 1 Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted January 26, 2015 Share Posted January 26, 2015 Well, what I meant was that hitting something in the road is normally not covered by warranty, but by insurance. I would look it up for myself, but that thing has long since expired. They said that it was because it was part of the powertrain, it was covered regardless of the cause Quote Link to comment Share on other sites More sharing options...
fordmantpw Posted January 26, 2015 Share Posted January 26, 2015 I would look it up for myself, but that thing has long since expired. They said that it was because it was part of the powertrain, it was covered regardless of the cause Then I definitely would not argue with them! 1 Quote Link to comment Share on other sites More sharing options...
akirby Posted January 26, 2015 Share Posted January 26, 2015 They probably did it just to get the warranty repair cost from Ford. Normally damage like that isn't covered by the factory warranty. But that depends on how the dealership reported it. Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted January 26, 2015 Share Posted January 26, 2015 I don't know if it was a factory warranty or not. No idea what the factory warranty was on a '08 Focus. I bought the car with around 66k miles Quote Link to comment Share on other sites More sharing options...
akirby Posted January 26, 2015 Share Posted January 26, 2015 It was not a factory warranty. Could have been a Ford ESP or some other 3rd party warranty. I bet if the mechanic had turned it in as "damaged by a pothole" it would have been denied. They didn't, so good for you. 1 Quote Link to comment Share on other sites More sharing options...
transitman Posted January 27, 2015 Share Posted January 27, 2015 Unfortunately for Florida residents, they cannot purchase cheaper extended warranties through the internet. I would shop around different dealerships or independent extended warranty providers in FL, because $3500 is way too much. Because of the advanced PHEV technology and possible HVB replacement cost, I was planning on purchasing a EWP before one year or 12000 miles. When the dealership tried to sell me a plan at their price, I told him I was going to purchase a plan through Flood Ford and the dealership matched their price, which was more than half off, so I included it in my financing rather than paying “out of pocket". Whether it’s a sucker bet or not, it gives me peace of mind and that works for me. 1 Quote Link to comment Share on other sites More sharing options...
fordmantpw Posted January 27, 2015 Share Posted January 27, 2015 Unfortunately for Florida residents, they cannot purchase cheaper extended warranties through the internet. I would shop around different dealerships or independent extended warranty providers in FL, because $3500 is way too much. Because of the advanced PHEV technology and possible HVB replacement cost, I was planning on purchasing a EWP before one year or 12000 miles. When the dealership tried to sell me a plan at their price, I told him I was going to purchase a plan through Flood Ford and the dealership matched their price, which was more than half off, so I included it in my financing rather than paying “out of pocket". Whether it’s a sucker bet or not, it gives me peace of mind and that works for me. As long as it is a Ford warranty, what does it matter what state you are in? Does FL have some type of law against that? Seems rather strange, but I guess you never know. Quote Link to comment Share on other sites More sharing options...
akirby Posted January 27, 2015 Share Posted January 27, 2015 FLA doesn't allow those to be sold from other states. I forgot the detail but it is illegal. Quote Link to comment Share on other sites More sharing options...
fordmantpw Posted January 27, 2015 Share Posted January 27, 2015 FLA doesn't allow those to be sold from other states. I forgot the detail but it is illegal. Idiots! Quote Link to comment Share on other sites More sharing options...
transitman Posted January 27, 2015 Share Posted January 27, 2015 Idiots! Florida... 1 Quote Link to comment Share on other sites More sharing options...
akirby Posted January 27, 2015 Share Posted January 27, 2015 I'm sure it was lobbied for by local dealers, just like the state franchise laws that protect them from the big bad corporations. Quote Link to comment Share on other sites More sharing options...
hybridbear Posted January 27, 2015 Share Posted January 27, 2015 We're thinking about buying the PremiumCARE ESP for our Energi. However, we're going to wait until 35 months or 35,500 miles and then decide, based on if we expect to actually keep the car through the end of the extended warranty period. I studied Risk Management in college so I have a thorough understanding of how insurance works, and this is essentially insurance. But, sometimes the peace of mind is nice to have even though you expect to lose money. There's also the Risk Aversion factor. The more risk averse you are the higher the value placed on the peace of mind offered by insurance. I think we'd also end up using it for a bunch of little things rather than big things, that's why I'd pick the PremiumCARE which effectively extends the bumper-to-bumper warranty with a $0 deductible. The hybrid components are covered 8 yrs/100k miles so they wouldn't be effected by a PremiumCARE ESP, the powertrain is covered 5/60 so its extension by the ESP wouldn't be that great. Plus, with an Energi vehicle the ICE is hardly used so it isn't likely to have problems. Quote Link to comment Share on other sites More sharing options...
transitman Posted January 27, 2015 Share Posted January 27, 2015 We're thinking about buying the PremiumCARE ESP for our Energi. However, we're going to wait until 35 months or 35,500 miles and then decide, based on if we expect to actually keep the car through the end of the extended warranty period. I studied Risk Management in college so I have a thorough understanding of how insurance works, and this is essentially insurance. But, sometimes the peace of mind is nice to have even though you expect to lose money. There's also the Risk Aversion factor. The more risk averse you are the higher the value placed on the peace of mind offered by insurance. I think we'd also end up using it for a bunch of little things rather than big things, that's why I'd pick the PremiumCARE which effectively extends the bumper-to-bumper warranty with a $0 deductible. The hybrid components are covered 8 yrs/100k miles so they wouldn't be effected by a PremiumCARE ESP, the powertrain is covered 5/60 so its extension by the ESP wouldn't be that great. Plus, with an Energi vehicle the ICE is hardly used so it isn't likely to have problems. I shopped around on the inter web and found Flood Ford out of Rhode Island has the best price and the cost of the plan begins to increase after 12 months or 12,000 miles. One thing you can do is go to their web site and price out the cost based on mileage and months of ownership, you can input and numbers you want and it will give you the cost. https://www.floodfordesp.com/ Quote Link to comment Share on other sites More sharing options...
hybridbear Posted January 27, 2015 Share Posted January 27, 2015 (edited) I shopped around on the inter web and found Flood Ford out of Rhode Island has the best price and the cost of the plan begins to increase after 12 months or 12,000 miles. One thing you can do is go to their web site and price out the cost based on mileage and months of ownership, you can input and numbers you want and it will give you the cost. https://www.floodfordesp.com/ That's who I've used to shop prices. Anderson-Koch Ford right here in MN also sells the Ford ESP at a small margin like Flood Ford. I believe the increase is only $30 if you buy after 12 months/12k miles. Edited January 27, 2015 by hybridbear Quote Link to comment Share on other sites More sharing options...
MACUSgo Posted July 20, 2016 Share Posted July 20, 2016 It is very interesting to read all ur replys everytime loool Learned a lot about the warranty Quote Link to comment Share on other sites More sharing options...
phil1336 Posted January 14, 2017 Share Posted January 14, 2017 Florida BS prohabition on purchasing a Ford ESP Plan at a discount through an out of State Ford Dealer can be dealt with. An out of State Ford Dealership can sell the Plan (in person) to a Florida resident but (not) through the Internet. How can verification be made that you were physically at the Dealership on Vacation to purchase the ESP Plan? Quote Link to comment Share on other sites More sharing options...
Anthony Posted January 14, 2017 Share Posted January 14, 2017 (edited) I am considering one for my Focus as I only have about 5k left on the factory warranty. Still not sure what I'm going to do. My dealer originally was going to match Flood Ford's prices but then they backed out a few weeks later and refunded me the money. Jerks. I took that as a sign that maybe I shouldn't be buying it in the first place. Edited January 14, 2017 by Anthony Quote Link to comment Share on other sites More sharing options...
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