fluffyneenja Posted August 24, 2015 Share Posted August 24, 2015 I'm offered an extended warranty on my new 2016 Explorer Sport for $1964. This will take me to 10/100,000 I believe. It was a long day purchasing with 2 kids, so I said I needed to think about it. Any advice from anybody? Is it worth it to extend the warranty? Quote Link to comment Share on other sites More sharing options...
akirby Posted August 24, 2015 Share Posted August 24, 2015 It's a gamble. The odds are never in your favor (just like Vegas) but you can always come out ahead on a specific vehicle or two. If you can afford to pay for a large repair down the road I'd skip it and keep that $2K in your pocket. If you really want one, make sure it's a Ford ESP and not some third party warranty. I think you can get a Ford ESP like that for around $1600 or less. Check with Flood Ford or google for more options. You can buy it from any dealer at any time in the first 12 months with no additional cost. 1 Quote Link to comment Share on other sites More sharing options...
fluffyneenja Posted August 24, 2015 Author Share Posted August 24, 2015 Thanks akirby. I appreciate it a ton. My dad used to work for dealerships doing finance back in the 70's and 80's and always told me that EW's were a gimmick. I'll research. Thank you for the info. Quote Link to comment Share on other sites More sharing options...
akirby Posted August 24, 2015 Share Posted August 24, 2015 I wouldn't call then a gimmick. But they do generate a lot of profit from dealers especially when they overcharge (much like the mop-n-glo paint treatment). The one time I recommend them is for folks on fixed or low incomes who can't afford a big repair bill. In that case get the ext. warranty up front (at a good price) and finance it with the vehicle so you're only paying a few bucks per month. You'll pay more in the long run but you won't have a single large repair bill. Quote Link to comment Share on other sites More sharing options...
Anthony Posted August 24, 2015 Share Posted August 24, 2015 (edited) You can get an ESP from Ford after purchase for 0% financing. http://owner.ford.com/maintenance/service-and-protection-plans.html Edited August 24, 2015 by Intrepidatious Quote Link to comment Share on other sites More sharing options...
jasonj80 Posted August 26, 2015 Share Posted August 26, 2015 I've always gotten my money back for the Ford ESP or any OEM warrantee, it is the only warrantee I would ever buy. OEM warrantees are the best and usually cheaper than the other options out there. Just looked and 100K/8 year PremiumCare with exterior/interior lighting option with $50 deductible is $1725 at both Koch and Flood. You can also buy it anytime in the first 36K miles, though the price does go up after the first 12K miles. 1 Quote Link to comment Share on other sites More sharing options...
akirby Posted August 26, 2015 Share Posted August 26, 2015 I've always gotten my money back for the Ford ESP or any OEM warrantee, Then you're the exception. I assume you're only counting claims after the factory warranty expired including the 5/60 powertrain warranty? Quote Link to comment Share on other sites More sharing options...
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