Jump to content

The Ford Order Tracking System Is No Longer Available.  THANKS Cyberdman For Making Available All Of These Past Years.  More Here.

4thTimer

Resale value of ESP?

Recommended Posts

My plan was to trade my van in on the new truck and that was supposed to occur before the warranty ran out. Well, of course, that plan went out the window waiting for this truck.  Anyway, now that I've rolled over 36k miles, I'm wondering if the ESP might be a good idea. But an ESP now would require buying years longer than I need. So, would the existence of an ESP be worth much on trade in? I notice when I value the van on KBB or Carmax, I'm not asked if there's an ESP so I'm assuming it doesn't count for anything. I wonder if it might be possible the buy the ESP on a monthly payment and just drop the payments when the van is sold?

Share this post


Link to post
Share on other sites
41 minutes ago, 4thTimer said:

My plan was to trade my van in on the new truck and that was supposed to occur before the warranty ran out. Well, of course, that plan went out the window waiting for this truck.  Anyway, now that I've rolled over 36k miles, I'm wondering if the ESP might be a good idea. But an ESP now would require buying years longer than I need. So, would the existence of an ESP be worth much on trade in? I notice when I value the van on KBB or Carmax, I'm not asked if there's an ESP so I'm assuming it doesn't count for anything. I wonder if it might be possible the buy the ESP on a monthly payment and just drop the payments when the van is sold?


You still have the powertrain warranty.  Seems like a waste of money to me.  Keep it in your pocket and use it if you need a repair.

Share this post


Link to post
Share on other sites

ESP's aren't worth it if you are keeping it.  Their business model, is about 13% of the cost of the ESP is used for repairs.  The rest is marketing and profit.  I know someone will post that it saved them thousands, but for everyone that did that there are 10 that got no benefit, or minimal benefit.

 

 

Share this post


Link to post
Share on other sites
2 hours ago, wowens79 said:

ESP's aren't worth it if you are keeping it.  Their business model, is about 13% of the cost of the ESP is used for repairs.  The rest is marketing and profit.  I know someone will post that it saved them thousands, but for everyone that did that there are 10 that got no benefit, or minimal benefit.


Just like Vegas the house always wins in the long run.

Share this post


Link to post
Share on other sites

Insurance (of any kind) is never worth it ... until it is needed.

 

Having said that, I have recent experience with selling two vehicles of different brands on which I had the factory sponsored extended service contract.  One vehicle the standard warranty had expired, the other vehicle still had the standard warranty in effect.  Both vehicles were sold to auto dealerships, one an outright sale the other a trade-in.  Neither dealership cared about dealing with the service plan.  This may be because each service plan appeared to only be transferable to one subsequent purchaser.  For the dealership to successfully accomplish such a re-transfer to their purchaser may have been more than they wanted to deal with, if it could even be done.  Neither dealership ever stated why they didn't want to take the plan.  It appeared to be of no value to them.  I wound up getting pro-rata refunds on both of them as they had never been used.

 

My take ... selling to an individual and transferring a plan may yield benefits, selling/trading to a dealership will not.  And read the contract for transfer terms.

Share this post


Link to post
Share on other sites

Why would the dealership care about the extended warranty? They will want to sell their own for the profit.

Share this post


Link to post
Share on other sites
25 minutes ago, IA Diver said:

Why would the dealership care about the extended warranty? They will want to sell their own for the profit.

 

Excellent point.

Share this post


Link to post
Share on other sites
5 hours ago, IA Diver said:

Why would the dealership care about the extended warranty? They will want to sell their own for the profit.

 

The dealer will just use it as another reason to increase their selling price.  

Share this post


Link to post
Share on other sites

When I traded my 2011 Lincoln MKX is, there was still some time left on the ESP I bought when I got the car...they gave me a pro-rated refund on the ESP that I put toward the down payment of my next vehicle. Ask your sales person if they are still doing that.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×