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Warranty......Yes or No?


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Long story short.

 

13' PP with 53,800 miles. I bought the bumper to bumper warranty ($100 deductible) which covers me until 113k miles. It cost me just under $3,000. I have until the end of the month to cancel it. I am having some doubts about it now and I don't know if I want it. I don't know how long I will actually keep the car. I feel like if i cancel it, it will be bad karma and something will happen. I do however still have the factory power train for another 6k miles. What do you all think?

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I've never been a fan of warranties.

 

But there are others who feels completely different.

 

I think it's entirely a personal decision, and subjective to your own opinions, experiences, and even your own mechanical DIY abilities, along with whether or not you have a "hook up" nearby who can assist you beyond any DIY abilities of your own.

 

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Edited by bpd1151
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I recently purchased the Ford Extended Warranty for my SHO, it only cost 500 a year for complete coverage....thought it was a reasonable price for the coverage since my car has less than 38K and I plan on keeping it for the foreseeable future. I'd say it depends on your feeling. I can tell you that I turned in an Extended Warranty and you really get squat back for what it costs. I would check to see if it would be worth it to cash it in or for the little you get back, probably better to keep it.  Also I believe it is transferable if you get rid of the car, hence increasing value slightly.

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Do you think over the next few years that you are going to blow through at least $3100 in warranty work?

 

That would be a blown tranny, or PTU, or couple bad turbos...

 

I personally am a fan of having an emergency fund to cover incidents or at a minimum a credit card in reserve.

 

Otherwise you are paying upfront for something... and if you are putting the extended warranty on a credit card you are adding interest on top of the costs...

 

EDIT: if you are planning on modding the car then you add the possibility of a void warranty. You HAVE to consider that as well regardless of what people say.

 

 

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I got the top Ford ESP warranty after my certified Lincoln warranty expired. Cars covered to 125,000 miles or August 2019. Never looked back. I would absolutely do it again. No, I have not made my money back on it. It's just a piece of mind. And a reason that I don't worry at all if something goes wrong. And, it's the reason I have kept this car so long. If I did not have the warranty, I guarantee I would have spent a lot more money on another car already. And with all that said, this Lincoln has been one of the most reliable vehicles I have ever had. I just know that if something goes wrong, it's going to be a big Bill.

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Long story short.

 

13' PP with 53,800 miles. I bought the bumper to bumper warranty ($100 deductible) which covers me until 113k miles. It cost me just under $3,000. I have until the end of the month to cancel it. I am having some doubts about it now and I don't know if I want it. I don't know how long I will actually keep the car. I feel like if i cancel it, it will be bad karma and something will happen. I do however still have the factory power train for another 6k miles. What do you all think?

 

Sent from my iPhone using Tapatalk

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I have173,000 basically trouble free miles on my 2010 SHO. At 169,000 had to replace the torque converter, $2,700. Other than that, mostly just routine service. Between 53,000 and 113,000, just based on my experience, I wouldn't expect any major problems. Mine runes great, doesn't burn a drop of oil. Had an O2 sensor, and a left rear wheel bearing. I think that warranty runs out too soon for the $$.

 

 

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