Another extended warranty post

[Dambro]

Hey everyone, about to have the truck for 3 years (1/23) and was looking into the extended warranty from Granger and Flood. I have never had a new vehicle or done extended warranties before this truck. I was figuring with all the electronics, and more technical problems (as well as several tsb/ssm that had to be done) I should go for the 10/100k at $0 deductible. The only problem is I live in New York and the 10/100k $0 deductible is $3900 or $3500 if I do a $100 deductible. Id prefer to max time over mileage with how long id like to keep the truck and it appears going down in mileage would only save $200-400 which at this price isnt much.
What would everyone advise? Is the warranty even worth it at this price point?

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[DALOLA]

Invest the money instead, then use it for repairs if you need to. There is a reason Ford & dealers sell extended warranties.

 

[HighVelocity]

100k miles is nothing for vehicles these days. I had a Ferd ESP plan on my former F350 and never used it. All the problems showed up over 120k miles.

Put the money away into at least a money market savings account and let it earn interest. It's not much, but you at least have that money available for any kind of emergency, rather than hedged on the Bronco.

 

[Doc TOC]

Is that Granger Ford pricing? You didn't mention mileage or years, so hard to determine if that is a fair price.

As to $0 vs $100 deductible, that is the difference in 4 claims. My experience with EW's is the cost covers the repair expenses when you buy a long-term (7-10 years) version. I have only had 5 claims at most on any one policy. I buy the $100 deductible version and don't sweat the $100 that it might go over. Most I ever paid was $200 in one year.

Invest the money instead

Yeah, that's funny. We are going into an inflationary period for the next 4-6 years, at crap interest rates. Not sure many forum readers could find an inflationary reduction investment with a net realizable yield. How many are time-capable of value stock investing? That may have been good advice when growth stocks were easy finds. The net present value of a warranty would be a savings over the future inflated cost of repair(s). Many times you win, at least partially, on these policies, and sometimes you only just paid for peace of mind. The key is long-term ownership (7+ years), or you are playing into Ford's financing game. If you are a 3-6 year owner or leaser, I say don't do it.

 

[Dambro]

Is that Granger Ford pricing? You didn't mention mileage or years, so hard to determine if that is a fair price.

As to $0 vs $100 deductible, that is the difference in 4 claims. My experience with EW's is the cost covers the repair expenses when you buy a long-term (7-10 years) version. I have only had 5 claims at most on any one policy. I buy the $100 deductible version and don't sweat the $100 that it might go over. Most I ever paid was $200 in one year.


Yeah, that's funny. We are going into an inflationary period for the next 4-6 years, at crap interest rates. Not sure many forum readers could find an inflationary reduction investment with a net realizable yield. How many are time-capable of value stock investing? That may have been good advice when growth stocks were easy finds. The net present value of a warranty would be a savings over the future inflated cost of repair(s). Many times you win, at least partially, on these policies, and sometimes you only just paid for peace of mind. The key is long-term ownership (7+ years), or you are playing into Ford's financing game. If you are a 3-6 year owner or leaser, I say don't do it.

Hey thank you for the response, sorry that was granger and floods pricing and I should’ve added it’s a 2023 with 15,500 miles

 

[airforceteacher]

I'm in the same place, and debating it - is the MIC covered by the Premiumcare extended plan? I have no cracks I've noticed yet, but the replacement cost is so high I'm worried. I live in a very hot area.

 

[Ducati1098]

is the MIC covered by the Premiumcare extended plan?

No, it is not.

 

[BroncoChallenger]

Is that Granger Ford pricing? You didn't mention mileage or years, so hard to determine if that is a fair price.

As to $0 vs $100 deductible, that is the difference in 4 claims. My experience with EW's is the cost covers the repair expenses when you buy a long-term (7-10 years) version. I have only had 5 claims at most on any one policy. I buy the $100 deductible version and don't sweat the $100 that it might go over. Most I ever paid was $200 in one year.


Yeah, that's funny. We are going into an inflationary period for the next 4-6 years, at crap interest rates. Not sure many forum readers could find an inflationary reduction investment with a net realizable yield. How many are time-capable of value stock investing? That may have been good advice when growth stocks were easy finds. The net present value of a warranty would be a savings over the future inflated cost of repair(s). Many times you win, at least partially, on these policies, and sometimes you only just paid for peace of mind. The key is long-term ownership (7+ years), or you are playing into Ford's financing game. If you are a 3-6 year owner or leaser, I say don't do it.

This right here is it. The Ford-backed (and really ANY OEM-backed) extended warranties are pretty decent (but as noted they don't cover the MIC top), and generally cover function, not necessarily form. It is a paid-in-full up-front insurance policy, basically, to bring you peace of mind that you won't have to pay out a TON of money for a repair in the future.

I had the Mopar Maxxcare Lifetime (when they offered that) on my 2017 Ram PowerWagon. I only used it a few times but it paid for itself with what was covered. On 3 different occasions, it replaced 2-4 of the front parking sensors that cracked, got water intrusion, and failed thanks to winter. On one occasion it replaced 2 of the rear parking sensors for the same issue. It replaced the transmission pan due to rust. And it got me full trade-in value when it started acting up and died in the dealer parking lot.

I didn't get one on my last truck. I wasn't keeping it long term so it wasn't worth it.

I'll be getting one on everything we own soon. We plan to keep them all for a long time.

 

[Rydfree]

Hey thank you for the response, sorry that was granger and floods pricing and I should’ve added it’s a 2023 with 15,500 miles

i purchased the 10/100k from Grainger for my '23 with 16,000 miles at @ $2700. I chose the $200 deductible. The only good warranty is the one you never have to use anyway.

 

[cfoster]

When I was searching Lombard Ford beat Granger on price. Mainly because there was a discount code available for signing up.

 

[Varska]

2025 OBX SAS here. I have never purchased an extended warranty on any vehicle before. My logic was that Ford has done the math and on average, they will come out ahead - meaning pay out less than they bring in.

I am, however, going to buy a 10 yr / 100k premium care warranty this time. What changed my mind was the potentially huge cost of repairs. On my previous cars I could deal with the occasional repair for a thousand or 2, but getting hit with a 5 figure repair, especially post-retirement, would put a real crimp in things.

I think of it almost like homeowners insurance now. Yes, chances are the insurance company will win, but if you're one of the unfortunates that gets hit by a tornado - it will be the best money you ever spent.

 

[BroncoChallenger]

2025 OBX SAS here. I have never purchased an extended warranty on any vehicle before. My logic was that Ford has done the math and on average, they will come out ahead - meaning pay out less than they bring in.

I am, however, going to buy a 10 yr / 100k premium care warranty this time. What changed my mind was the potentially huge cost of repairs. On my previous cars I could deal with the occasional repair for a thousand or 2, but getting hit with a 5 figure repair, especially post-retirement, would put a real crimp in things.

I think of it almost like homeowners insurance now. Yes, chances are the insurance company will win, but if you're one of the unfortunates that gets hit by a tornado - it will be the best money you ever spent.

This is exactly how I look at them. Especially if you're going to keep it for a long time. I kept my Wagon for 6 years and 110k miles, and that warranty paid for itself. The one we got on my wife's F150, Ford definitely came out ahead - we used it once I think? But then that was a pretty trouble-free truck.

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