Join Date: Aug 2010
Location: Port Elgin, Ontario
Yah, this question seems to pop on a regular basis, and it's a pretty subjective.
Depends on what helps you sleep at night, but here's one opinion of many.....
I think extended warranties are one of the biggest money grabbing scams there are out there, total and complete waste of money.
You might just as well take the cash , pour lighter fluid on it, and start your barbecue, because at least then the money will actually be doing something for you.
So, not only do you get the opinion, I'll tell you why I hate extended warranties so much.
First up, the majority of these extended warranties have fuck all to do with Ford.....they're peddled under the Ford banner, but once your 3yr/60000km is up, you are buying coverage from another company altogether.
If someone can prove me wrong, by all means, speak up.
Second, for you to see any kind of advantage to the extended warranty, you would have to have a claim that was over and above what you paid for the coverage.
Example : extended warranty costs you $1500 up front. Any claim on your extended warranty up to that amount, you're just spending your own money, that coverage has done nothing for you, might just as well put it in the cookie jar and wait three years before you can even use it, because the factory warranty has you covered up to that point.
Next up, the way these trucks are built, contrary to what some people around here have said, six years is nothing. Add in the fact you're the one driving it and maintaining it since new, and you should get 200,000+ km worry free. Take the conservative route and get it Rust Checked / Krowned , and you're even further ahead.
Suppose, you do have a claim. How easy do you think it's going to be to get a second party company to come good on the claim??? I got a sneaking feeling there's a large amount of bullshit and run around involved.
So, there you go.
Even after saying all that, there's still people that insist they like the peace of mind to have the extended warranty, so they pay up anyway.
Meh, lots of different ways to spend your money, do what works for you !
- 6550 lb bundle of joy