Posted on 08/18/2021 4:59:43 PM PDT by pfflier
Any Freeper opinions out there on the Ford Extended Service Plan (ESP) for a 2017 Ford Escape 2 WD within factory warranty limits? I am still under factory powertrain warranty until the end of the month and have the option to continue under the factory ESP.
They sell the extended warranty because they think they can make money on it. That means that they think they will have to pay out less in coverage than they make on premiums.
So it is up to you if you think that your car is better than the average of that car model or worse. And whether you are hard on your cars.
But the law of averages says you won’t make your money back.
That is the same with all insurance.
My only advice would be to NEVER BUY A FORD.
Sorry, but I’m serious.
When Suburu exists why buy a Toyota?
Some of those mailer plans put a cap on what they’ll pay for hourly labor. It could be something like $17 per hour. Ain’t no way a skilled car mechanic will work for just $17 per hour.
And that’s why many shops won’t accept those types of warranties.
That is exactly where I got the quote. Thanks. I have the same concerns. I used to be pretty good under the hood. Now I have more wire harnesses and modules than I can count and you have to remove everything to get at anything.
I’ve bought 2-3 extended warranties for cars and I’ve pretty much broken even on them. It could save you a lot, or not, but I’m glad I bought them for the peace of mind.
Shop attend at different dealerships. When we bought our 2019 F150, we negotiated $1000 off the ESP warranty (price of truck was ahead settled). But it was also a long term/high miles policy. Still, the entire thing was a little over $2500 after the discount, I think.
I wouldn’t buy any policy other than a genuine Ford Factory warranty. And don’t buy it from the dealer. Buy it directly from Ford.
PS. I once managed a Ford dealer.
https://www.lombardfordwarrantys.com/
https://www.lombardfordwarrantys.com/
“When Suburu exists why buy a Toyota?”
Are you a manual aficionado?
Do Subaru’s last longer than Toyotas?
I dunno, maybe because in 25 years or so I've never had problems with them
I’d say that’s an outlier.
Bad luck.
All I hear about Subie’s is failed head gaskets which requires pulling the motor because it’s a flat 4. But they have created a lot of good jobs here at their factory and suppliers here in Indiana.
I did the warranty calculations for a company I worked for. The return on the average warranty is 16/1. The company makes 16 dollars for every dollar paid out in warranty work. The way warranties work is, you (the company) calculate the reliability of each item. The company will have copious data. You (the buyer) only “win” if something really unusual happens. If you read the fine print it probably rules out standard wear replacement items like timing belts and DSG clutches. Those two items on my Jetta ran just north of $3,000. The failure happened just after the warranty ran out and the company stalled me on the repair just long enough so they weren’t covered. At the time the second market warranty didn’t cover them. Again, read the fine print.
In general warranties don’t pay. In the long haul you’d
“win” by not buying them. Then, again, there’s that one time...
“All I hear about Subie’s is failed head gaskets which requires pulling the motor because it’s a flat 4. But they have created a lot of good jobs here at their factory and suppliers here in Indiana.”
I don’t know that much about it, but yeah, seems high maintenance.
https://fordprotect.ford.com/extended-service-plan
That looks like it. Check the above link to see if there is any difference in price.
The dealer makes a nice commission, particularly on 3rd pry plans. Ford may have the price set regardless of where you purchase it. Things may have changed in the 30 years since I was in that industry.
I have a Ford Escape I have had for 16 years it is a manual transmission the ONLY thing that has gone wrong with the car is the clutch!! I LOVE my escape I love the room on the inside YET it is compact parking!! It has been GREAT to not have a car payment for all of these years!!
I forgot to say I live in CA. so my car doesn’t have to deal with the elements of salt on roads, snow, ect.!!
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