is an extended warranty worth it?

[GregsFX2Ranger]

FYI, Yours is a 4X2 (going by your signature) Mine is a 4X4. That said, I went back to the site and the difference between the two is $1,760.00 (4X4) to $1,390.00 (4X2). Before any discounts, which not sure where you found it. Also I cannot find where it states that you get an additional $50.00 if you call. Maybe you or someone else mentioned it in the four pages of comments. I personally don't go through every comment so I may have missed it. For me, it's too many games to play. IMHO..
That ALL SAID, I am Un-watching this thread. Time to come to a close...

YES...... I configured the (your) quote as a 4x4 (as seen in your signature).
The point I was TRYING to make was that Zeigler was cheaper than Flood, which you stated the opposite. Anyways, the Zeigler forum discount has been stated in a lot of ESP threads.

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[meistreguy]

I'm getting ready to buy a 2019 Ranger XL with 78,000 miles on it. It is being shipped from another state and should be here in a few days. I have an option to purchase an extended factory bumper-to-bumper warranty for $1,800 (for 3 years) and, in the past with my previous cars, I have typically not done this. But, I'm considering it due to the high mileage on the truck and don't want any surprise major expenses. Can you guys tell me what your experience has been with things going wrong or breaking after it has some miles on your Rangers? Do you think an extended warranty is a good value? Thanks for your advice.

I would get it. I had a gateway sensor go out and the part plus the labor would have been almost $500. Having peace of mind is a beautiful thing!

 

[Jon D]

It is a Ford manufacturers warranty that goes to 115k miles. It appears that everything is covered, including powertrain, engine components, transmission, electrical, air and heating, brakes, suspension, steering, fuel delivery, emission components, and roadside assistance. I have the chart of what's covered, but haven't seen the list of exceptions yet, nor have I seen a deductible mentioned in what I have. I'll get all that on the paperwork when the truck arrives and look it through before I sign anything.

Any one or two of these things will be more than the cost and at 100k is typically when I've had things go bad with previous cars. I think my 90 Ranger (yes, I am old enough that that was purchased new) had the transmission go out around 70k and my Durango had the transmission go out about that point, too, along with numerous O2 sensors and computer problems. I had a Sorento that broke a drive shaft at 100k. My Audi A4 had lots of electrical issues about 65k. But my Hondas (two Odysseys and an Accord) and GMC truck have had very few issues, even into high mileage.

As I write this and think about the big repair bills I've had over the past 30 years, I'm kind of talking myself into it.

Yes. Extended warranties from the dealer wrapped into your financing are the best way to go. The warranties from the robo calls are a scam. Today's vehicles are engineered much better than the cars of the sixties, which was hard to find one with over 100k. But sensors and electronics are the items that fail now. Sure, an O2 sensor may be easily replaced, but without diagnostics, you don't know what the issue is. Electrical components can be expensive repairs nowadays. I bought the Allstate 100k wrap for the peace of mind too.

 

[MikeyTX]

I always purchase the 60/100 platinum level for all my Fords. I like the fact that it covers first day rental fees. No muss, no fuss. The coverage has paid for itself several times. Wife thinks it's great. Drives in, hands the fob to the service writer. Drives off in a rental, n/c !

 

[JimG_AZ]

Yes. Extended warranties from the dealer wrapped into your financing are the best way to go. The warranties from the robo calls are a scam. Today's vehicles are engineered much better than the cars of the sixties, which was hard to find one with over 100k. But sensors and electronics are the items that fail now. Sure, an O2 sensor may be easily replaced, but without diagnostics, you don't know what the issue is. Electrical components can be expensive repairs nowadays. I bought the Allstate 100k wrap for the peace of mind too.

I am not a fan of extended warranties, but I understand how some people like them. I would rather roll the esp cost into an emergency fund for repairs and take my chances. The odds are in your favor of coming out ahead. If I were to buy an esp, I would not buy it when the vehicle is new or roll it into the loan. If I was going to buy one of these, always wait until the manufactures bumper-to-bumper warranty is about to expire. For the real peace of mind, that is the time to buy it. The main reason for this is that the buyback on the warranty is pro-rated by time and mileage. Do the math and see what happens if you sell it back 24-35 months after purchase. You may be looking at getting .50 to .70 cents on the dollar back and the esp would not even have kicked in yet. You could be in this position by just wanting a different car, or a total loss due to accident or theft. The reason I would not want to roll it in the loan is that I would not want to pay interest on it.

Looking back at all the vehicles that I have owned since 2000, I cannot think of a single one where the esp would have paid off. The only one that would have come close was my 2003 Ram 2500 diesel. At @ the 75k mark, I had the high pressure fuel pump fail and a HVAC servo fail. The Cummins 100k standard warranty paid the $1500 for the fuel pump. I paid $750 to get the HVAC system repaired. A esp on my Tacoma would have been a waste of money. It took 9 years on the Taco until I had an issue, a blown AC compressor. Cost me $2100, but the system was repaired with new components and done correctly. Would an esp have used new or rebuilt components? Better yet, would an esp just have replaced the compressor and rolled the dice that it would last until the end of the warranty?

 

[Billho]

OP here. Thanks for all the advice. I may regret it later, but I opted to not buy the extended warranty. Let's hope the Ranger is as reliable as I think it will be. I'm pretty comfortable fixing things on my own anyway (or watching youtube videos and learning how).

 

[CHS]

Yes. Extended warranties from the dealer wrapped into your financing are the best way to go. The warranties from the robo calls are a scam. Today's vehicles are engineered much better than the cars of the sixties, which was hard to find one with over 100k. But sensors and electronics are the items that fail now. Sure, an O2 sensor may be easily replaced, but without diagnostics, you don't know what the issue is. Electrical components can be expensive repairs nowadays. I bought the Allstate 100k wrap for the peace of mind too.

I agree with the need for an extended warranty but NOT of buying from the dealer and add it to your payments. I was recently quoted $2,600.00 for the extended warranty from the dealer. I turned it down. I got the same policy (Ford ESP) policy (8yr/100K, $100.00 deductible) on my own and added key and LED light protection from (FloodFordESP.com) $1,355.00 (Used my Ford points of $210.00) I would have paid much more (and even more) after 60 months of interest if I would have bought from the dealer.

To borrow $2,600 for 60 months @4% comes to $47.88 per month and an additional $272.98 more in interest over the life of the loan.

 

[ksuds49]

Yes.

We’ve purchased one on six cars since my 1994 Saturn SL2 and it has paid for itself on every vehicle (‘94 Saturn, ‘03 Expedition, ‘06 VW, ‘07 Land Rover, ‘15 Ford F-150). We’ll see if I need to use the one on the ‘21 Ranger.

 

[JimG_AZ]

I agree with the need for an extended warranty but NOT of buying from the dealer and add it to your payments. I was recently quoted $2,600.00 for the extended warranty from the dealer. I turned it down. I got the same policy (Ford ESP) policy (8yr/100K, $100.00 deductible) on my own and added key and LED light protection from (FloodFordESP.com) $1,355.00 (Used my Ford points of $210.00) I would have paid much more (and even more) after 60 months of interest if I would have bought from the dealer.

To borrow $2,600 for 60 months @4% comes to $47.88 per month and an additional $272.98 more in interest over the life of the loan.

This is very well said.

 

[MikeyTX]

I bought mine from Joel Hawley @ Two Rivers Ford. He sells them for his cost. Joel is the sales mgr. The more sold, the more allocations the dealership gets for hard to get vehicles.

 

[gov cheese]

With all the tech in the ranger i would say that it is worth it. I used flood ford twice now to get ford esp since the local dealerships were pushing third party warranties at triple the price.

The basic esp on my 2016 mustang paid off big. At 70k miles the rear diff destroyed itself due to half shaft seal leaking. Flood ford esp cost $680 , Rear diff rebuild was $2300 and didn't have to fight for a rental/loaner because it was included in the esp.

 

[MikeyTX]

@gov cheese, nailed it. The higher the trim level, the more control modules there are. They aren't inexpensive to replace either.

 

[JACKSMYDOG]

The cost of the extended warranty is well over the projected actual repair cost for the average vehicle in the group.

I have never taken an extended warranty on any product ever.

 

[GregsFX2Ranger]

The cost of the extended warranty is well over the projected actual repair cost for the average vehicle in the group.

I have never taken an extended warranty on any product ever.

HMMM, I disagree. Lets say you purchased a 7/75 Ford ESP for $1000. that's over twice the coverage beyond the manufacturer warranty. You could probably not pay for ONE repair out of warranty for $1,000!!!!!

 

[JACKSMYDOG]

HMMM, I disagree. Lets say you purchased a 7/75 Ford ESP for $1000. that's over twice the manufacturer warranty. You could probably not pay for ONE repair out of warranty for $1,000!!!!!

Some will gain by buying it, some will lose. We can speculate on what could go wrong, what it will cost and what point in time, but it will be as useful as darts at a board without actual data of what % of vehicles come in for warranty and the cost associated.

The people who have that data, know how many vehicles are projected to need repair and at what cost. They have done the math, added their cut and now offer that extended warranty to customers.

Assuming their data is close to accurate, extended warranty should be more expensive for the average buyer.

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