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Ford Extended Warranty Program
Vanity

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.


TOPICS: Business/Economy; Miscellaneous; Travel
KEYWORDS: driverreturnsonfoot; failsonraceday; fixorrepairdaily; ford; fordescape; fordesp; foundonrefusedump; foundonroaddead; vanity
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To: right way right; pfflier

I bought a 2018 Expedition, 42,000 miles.

I looked at several extended warranties, then bought a $5,000 CD to cover costs down the road.

If I don’t need it, I’ve still got my capital, and I’m earring a pittance in interest; if I do need it, I’m probably still out less than the cost of the warranty + deductibles.


61 posted on 08/18/2021 10:35:25 PM PDT by ApplegateRanch (Love me, love my guns!)
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To: Gen.Blather
Even that one time (out of 16) should not entice anybody to purchase an extended warranty on a car.

Take the money you would have spent on an extended warranty and stick it in the bank. Reserve that money for when you actually need a major repair. You will almost always come out ahead.

There's a reason why people constantly get calls from telemarketers about extended warranties. These are extremely profitable for those who are able to sell them.

The selling point of these extended warranties is to provide "peace of mind" but if you have cash in the bank to handle any unexpected car repair, that's even better peace of mind in my book. And now YOU are the one who keeps the profit when fifteen times out of sixteen, your car makes it just fine through its life cycle without need of a major repair.

Keep up with the oil changes, the brakes and the other recommended maintenance cycles and there is very little chance your car is going to have a catastrophic mechanical failure.

Even better, set up a separate savings account for just your car. Start it with the money you saved by NOT getting an extended warranty and then throw $50 to $100 into it each month. When your car is paid off, take what was your car payment and stick that in your bank account each month. Before you know it, you'll have the cash to buy your next car outright AND have money left over for any unexpected repairs.

62 posted on 08/19/2021 6:04:50 AM PDT by SamAdams76 (Give me a Pigfoot and a Bottle of Beer)
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To: ifinnegan
Subaru only offers a manual transmission in select models. I bought a new Outback last year and was disappointed that they no longer offer a manual for that model. It does come with paddle shifters that I often use, especially in hilly terrain, but it's not the same.

I would not say Subaru is necessarily a better car than a Toyota, or even a Ford for that matter. Almost every manufacturer puts out decent cars these days. The key as always is how you maintain them. I'm almost religious about getting the routine maintenance done according to the manufacturer's recommendations. That's why I use the dealer's service department - even though I know it costs a little money to use them as opposed to using "Joe's Auto Repair" down the street.

63 posted on 08/19/2021 6:22:35 AM PDT by SamAdams76 (Give me a Pigfoot and a Bottle of Beer)
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Comment #64 Removed by Moderator

To: TurtleDad

I’m driving a 2003 Camry SE. It’s a jet.


65 posted on 08/19/2021 10:50:01 AM PDT by ifinnegan ( Democrats kill babies and harvest their organs to sell)
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To: pfflier

If I bought the extended warranty for every car I’ve bought, mine, wife’s, kids, I’d probably have enough money to buy another car. lol


66 posted on 08/19/2021 10:58:47 AM PDT by CodeJockey (Dum Spiro, Pugno)
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Comment #67 Removed by Moderator

To: Bullish

When Suburu exists why buy a Toyota?

_______________________________________

Why buy a Subaru unless you LIKE spending $2500 on head gasket/timing chain repairs?


68 posted on 08/19/2021 11:42:23 AM PDT by Responsibility2nd (I love my country. It's my government that I hate.)
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To: pfflier

This is the site where I got mine.

https://fordprotect.ford.com/extended-service-plan


69 posted on 08/21/2021 8:02:09 AM PDT by excalibur21
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To: pfflier

We have never purchased an extended warrant for any product, including motor vehicles, appliances, electronics, etc. Statistically, nearly all products with inherent defects fail within the warranty period and usually within a few months of purchase. If the product survives the warranty period, it will usually last a long time with regular and proper maintenance. There are exceptions, of course, but for most people, they will pay more for the extended warranty than they will for covered repairs.

Ask yourself this: If extended warranties are such a great deal for the consumer, then manufacturers and retailers would not be hard-selling extending warranties. They do so because extended warranties earn a high commission for the salesperson, and the provider of the extended warranty takes in a lot more from the consumer than they pay out in repairs.


70 posted on 08/21/2021 8:20:52 AM PDT by Labyrinthos
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To: pfflier

https://www.consumerreports.org/car-repair/get-an-extended-warranty-for-your-car/

From the article: “The fact is, extended warranties are overpriced. That’s the reason people sell them, because they make a bundle on them in commissions,” says a money expert and radio talk show host, Dave Ramsey. “I don’t recommend buying extended warranties, ever. If you can’t afford to repair your car, then you can’t afford the car.”


71 posted on 08/21/2021 8:25:38 AM PDT by Labyrinthos
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To: pfflier
I would like to thank everybody for their input. I know more about the general nature of the extended warranty business and the risks and costs.

I have decided that I am probably not going with the extended warranty based on the car's performance so far, and mileage and use profile.

72 posted on 08/21/2021 8:43:04 PM PDT by pfflier
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