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Extended warranty for 7.3 lariat - worth it?


Benny

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I never buy warranties and don't even insure all my trailers since they are covered for liability attached to the vehicle. However, this time I bought warranties for both of my 22 diesels. Just under $3K for 8yr/125K miles premium care, on an $80K truck seemed pretty reasonable to me. Besides, Ford gave me a $2500 PCO on both trucks, so why not give back a little and get some piece of mind.

Edited by Robin Hood
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On 12/22/2021 at 7:55 PM, Robin Hood said:

 

Search on-line to get the best price. My dealer wouldn't touch the offer I got on-line. He said it was below his cost?‍♂️. Not sure I believe that, but he also said he needed to make $500 minimum to sell one. I bought two trucks from him at X-Prcing and offered to buy both warranties from him.

 

I was told a similar thing by my dealer today.  Said Flood Ford's price was $500 under what they were charged.

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.Most people end up trading their Vehicles long before the warranties go out..... the extended warranty is great for somebody like myself that keeps vehicles for a long time and keeps the mileage low.

 

My wife's Buick Encore is a 2015 and we just hit 50k miles on it 

 

But then again we haven't had anything go wrong with it and it is 7 years old. So if I would have bought the warranty it would have been a waste...

 

But then again if one thing would have gone wrong I would have broke even on the warranty.

 

Also you paid $2,000 for a warranty now( well for my F350 the highest warranty package for me is like $2,100 eight years 100,000 miles and covers pretty much everything)

 

8 years from now parts prices will go up, labor will go up.

 

So my thinking is 8 years from now what kind of repair will $2,100 get me.

 

Do I have the money to pay for it without batting an eye, definitely but I also like to think long-term and how can I keep my money.

 

Yeah I agree with most of you the extended warranty is a crapshoot if you don't buy it and need it you're going to wish you did when you're dishing out the 2 3k for a repair, and like the,  Buick if you bought it and you don't need it well then it was just a waste of money.

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My wife's explorer had a steering rack go out over the 3 years, but under the 36K milage. It was quoted at $1600 to repair it. I got Ford to cover it, but it took a month to get it approved and get it done. If I had had the warranty it would have been a non-issue. I never considered the warranty for her car. Now the transaxle side shaft seal is weeping at 50K miles. She is easy on t he car, they just don't build stuff like they used to.

 

On a diesel truck the cab has to come off for any major engine work and the emissions is no joke and can cost a small fortune. Then there is the electronics, labor cost going up, and commodity prices increasing. Again, I am not a big fan of warranties, but at $3K for 125K miles and 8 years I think it is worth it.

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21 hours ago, akirby said:

Engines and transmissions routinely go 150k-200k even 250k with just regular maintenance.   So it’s a good thing they don’t build them like they used to,

 

Sure, but a diesels used to go 500K and I could let it idle all day long with none of the emissions crap.

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