Join Date: Aug 2010
Location: Port Elgin, Ontario
Totally subjective - personally I think any extended warranty on a vehicle is a waste of time and more importantly, money.
Given the build quality these days, and more importantly, if you stick to a rigorous, regular maintenance schedule, there's no reason why you shouldn't get at least 200,000 km out of your new truck with no issues.
Case in point - I bought my '98 off a lease with 68,000km on it, purchased the extended warranty and then proceeded to drive it another 100,000km until I traded it in with almost 170,000km on it.
In that entire time and mileage, the biggest expense outside of routine maintenance was new plug wires.
Buying from new gives you the advantage of knowing how the truck is driven and maintained.
If you did get the extended warranty, it stands to reason you would have to have over $1700 in warranty claims (beyond 3 years/60000 km) to even BEGIN to see some benefit for the money you spent up front.
As far as the rental goes - there would be a very low probability your new truck will need to be in the shop overnight for anything.
The first three years are essentially oil changes and tire rotations, so it might be a good idea to consider how long you plan on owning the truck as well..
Personally, I'd take that $1700 and dump it on the principal, or lock it into a decent investment for three years.
On the flip side, there's always the exception to the rule, and some guys like the peace of mind knowing the coverage is there if something goes terribly wrong.
I'm sure someone has a horror story about a lemon they bought, and how the extended warranty saved their ass, but I'll say those are few and far between.
Companies make a killing with these extended warranty scams - the catch is that the extended warranty likely has f#$k all to do with Ford and it's being underwritten by a third party company.
How willing they are to pay the claim is open for debate, as they are not in business to fix manufacturer defects, but to sell warranties.
Do what makes you comfortable, but I say you're better off without.
- 6550 lb bundle of joy