Post by: BLKBEARKLR on August 17, 2011, 02:42:03 PM
So I know I have a power/drive train warranty already that goes to 60,000. So is it worth it to get this added on? They said they would take over that also once it expires at 5 years which would be sep 2013.
What are your thoughts? Ever had one before? Is it like some of these other ones where they say o sorry your not covered under this one?
Thanks
Joe
Post by: h20hunter on August 17, 2011, 02:53:18 PM
Post by: jackelope on August 17, 2011, 02:58:57 PM
Who is the contract through?
If it's not a Ford ESP, throw it away.
There's an aftermarket service contract scammer soliciting people via the mail lately. They were on the news. I've had a few run ins with this service contract company before. They don't cover chit.
I'm a big supporter of service contracts, but only when they come from the manufacturer. Ford would be referred to as a Ford ESP contract.
Also consider the time and miles of the term and make sure that fits your style of driving. Don't pay extra for a 5 year 100k mile contract if you're only driving 10k miles a year. Buy a 5 year 50k mile contract...or whatever the case may be. Also don't pay for extra coverage that you probably may already have....that diesel maybe has 5 year 100k mile engine warranty..don't pay extra on a service contract for engine coverage in other words.
Note-
I don't know the warranty on Ford's diesel engines so don't use what I said specifically.
Post by: jackelope on August 17, 2011, 03:02:11 PM
99% of the frustration people have with service contracts in my opinion is because they think something should be covered but it is not. The contracts are very very specific as far as covered components. In other words...a powertrain contract that covers internally lubricated powertrain components won't cover a power steering pump or something silly like that. When it says the contract covers manually operated switches...that doesn't mean it will cover a 4x4 actuator, even though it is a switch and it is, at some point, manually operated.
Post by: littlemac on August 17, 2011, 03:22:32 PM
STOP!!!
Who is the contract through?
If it's not a Ford ESP, throw it away.
There's an aftermarket service contract scammer soliciting people via the mail lately. They were on the news. I've had a few run ins with this service contract company before. They don't cover chit.
I'm a big supporter of service contracts, but only when they come from the manufacturer. Ford would be referred to as a Ford ESP contract.
Also consider the time and miles of the term and make sure that fits your style of driving. Don't pay extra for a 5 year 100k mile contract if you're only driving 10k miles a year. Buy a 5 year 50k mile contract...or whatever the case may be. Also don't pay for extra coverage that you probably may already have....that diesel maybe has 5 year 100k mile engine warranty..don't pay extra on a service contract for engine coverage in other words.
Note-
I don't know the warranty on Ford's diesel engines so don't use what I said specifically.
I second the Manufacturer Warranty plan. Watch out for the bougus companies mailings that come all the time. Check the AG website, they have closed down a few of them.
Post by: JackOfAllTrades on August 17, 2011, 03:24:53 PM
I'm 'anti-service contract', type, but if there's one to have it should be from or sponsored by the manufacture. That said, My 04 PSD had 100,000 mile contract for the engine. (long past over) And there are a few 'emissions' things that are not covered beyond 60k but they spell most of it out. Thing is... They'll extend to 60K? How much warranty is still left on your 2008? Miles/years?
-Steve
Post by: h20hunter on August 17, 2011, 03:32:25 PM
Post by: Woodchuck on August 17, 2011, 04:02:37 PM
I tell people this, That is a nice new truck so I would guess you will see no major repairs in the near future. Take the money per month you would pay out for that contract and tuck it away for repairs and that way if you don't use it on repairs it is still your money. :twocents:
Post by: Mike450r on August 17, 2011, 04:08:55 PM
Extended warranties can be good sometimes but usually cost more than the repairs on average. If you do it my recommendation is to not add it into the loan, pay cash for anything like that or you will find yourself upside down and that is not what you want when trade in time comes. Always strive for a balance that is less than trade in book.
Post by: BLKBEARKLR on August 17, 2011, 04:17:03 PM
It is my truck I bought it new in 2008 and paid it off 6 months later. I have owned the truck since it had 2 miles on it. It is a Ford Extended Service plan, I am coming up on my 36,000 miles or 36 month warranty.
I just did not know if 2185.00 is worth dropping into a truck that is still under a power train/ drive train warranty. I mean I know a lot of other small things can go wrong.
Joe
Post by: Buckmark on August 17, 2011, 04:23:55 PM
But i would never ever buy one, just me but i have very very rarely seen were anyone has come out ahead with one.
I say give me 2185 of your money i will fix your vehicle of it breaks down, if it is a covered repair.... :chuckle:
Post by: Buckmark on August 17, 2011, 04:30:08 PM
So a "covered" repair may still cost you a few bucks (see hundreds) out of pocket..
If it makes you fell all warm fuzzy and safe then buy it, put it under your pillow and maybe the warranty fairy will come... :)
Post by: jackelope on August 17, 2011, 08:34:50 PM
Joe-
If your powertrain has coverage to 100k I would not buy a service contract on the truck as long as you don't mind fixing a window motor or something small now and then. The way people get their money back on them is when a motor or transmission goes south.
:twocents:
When it's a factory service contract, everything is covered if the repair is covered. If a guy has a tranny go south and it's covered by a Chrysler service contract with a $100 deductible, he pays $100 and leaves when the car is done. No shop supplies, no coolant, no fluff, no tax. Thats the A#1 reason I recommend manufacturers service contracts.
I deal with 3-5 service contracts a day every day. I love service contracts and love bending a service contract over whenever I get the opportunity.
Post by: CAMPMEAT on August 17, 2011, 09:38:29 PM
Post by: JackOfAllTrades on August 17, 2011, 09:56:47 PM
Quote
The way people get their money back on them is when a motor or transmission goes south.
Engine.. More than $ you want to know. Transmission... I priced a 'replacement' tranny when I thought about an extended service plan.. About the same price as the contract. Differentials.. I can rebuild them myself.
Computer... Now there's something to think about.... Just the diag is a spendy option. Wiring and electrics.. you're gambling on that one.
Anything else is handled by me. The rest by insurance, because if she's goin south in a hurry, I'm gonna start leaving it over night at the boat launch! :chuckle:
-Steve
Post by: Buckmark on August 17, 2011, 10:13:19 PM
Jackelope has alot of experience with these companies because the cars they sell always break down...
**Just kidding ** kinda.
One thing as an fyi to anyone that has a contract or is thinking of purchasing one, follow the manufactures recommeded service intervals to a T and keep good, detailed organized records of maintinance (receipts, not just journal saying something was done) you can do all services yourself just make sure to keep parts receipts. Nothing worse than having an engine fail and not having any LOF records,,, the warranty companies count on people not doing the maintinace and or having records...
Post by: Bean Counter on August 17, 2011, 10:53:50 PM
Post by: twistiron on August 18, 2011, 02:11:58 AM
Post by: jackelope on August 18, 2011, 08:32:27 AM
Just did a replacement reman trans in a 2003 Grand Cherokee... $3800+tax.QuoteThe way people get their money back on them is when a motor or transmission goes south.
Engine.. More than $ you want to know. Transmission... I priced a 'replacement' tranny when I thought about an extended service plan.. About the same price as the contract. Differentials.. I can rebuild them myself.
Computer... Now there's something to think about.... Just the diag is a spendy option. Wiring and electrics.. you're gambling on that one.
Anything else is handled by me. The rest by insurance, because if she's goin south in a hurry, I'm gonna start leaving it over night at the boat launch! :chuckle:
-Steve
Diag for a Check Engine light in the high rent district of Bellevue is $125.00. A new PCM in a Grand Cherokee will cost about $900 or so but it's covered under the Federl Emissions Standards warranty for 8 years or 80k miles by every manufacturer. It's a federal must. You can't charge anyone to replace it, reprogram it, etc. if it's under 8/80.
Most water pumps now adays will cost with labor close to $500.00.
It doesn't take long to recoop the $2k you spend on a service contract, especially if you're driving a full size domestic truck. I don't care what brand it is.
Quote
Jackelope has alot of experience with these companies because the cars they sell always break down...You don't have to be kidding.
**Just kidding ** kinda.
I don't know why a service advisor who is paid full commission pay would ever want to work at a Toyota dealer.
;)
Sounds like Jack has some good advice though.I'm a lot better with this kind of stuff than I am with the mechanics.
Fortunately a lot of guys on this kind of site tend to be mechanically inclined and some even enjoy working on their cars and trucks. Thats great. We like to sell parts too. For those who don't work on cars or don't have the time or the space or whatever...service contracts can be good.
Post by: Bofire on August 18, 2011, 09:19:07 AM
Carl
Post by: TheHunt on August 18, 2011, 09:31:25 AM
I do not buy them unless I get a smok'en deal. I have had only two. One was for the wife's Lexus and a Toyota pickup in 1985. The Toyota was fantastic because it was a 10 year unlimited milage warrentee. I sold that truck with 377,000 miles on it.
Post by: pianoman9701 on August 18, 2011, 09:34:36 AM
Post by: MikeWalking on August 18, 2011, 09:46:11 AM
I bought the Chrysler extended warranty when I bought my 2004 Grand Cherokee in May of 07 with 36600 on it, an extra $8 a month (or $3? the warranty and Gap Insurance were $13something together). Glad I did, Jackalope's Dealer treated me very well when the water pump went. A water pump I can replace myself and have but with my work schedule, Zero Bus service and a requirement to have my own transport to work letting the dealer do it and taking a loaner was IT.