Extended Warranty

[jjaguda]

30 days and still have the smile!:burnout:
As a recent buyer of a 53k MM w/o a factory extended warranty, do any of the MM vets feel that I should get an extended warranty. I've found a couple of non-L/M companies with good reputations for no hassle payment of claims directly to the dealership service departments. The best warranty I found is generally 100k/5years from date of purchase of warranty. this would be a all incl, usive (except wear items) warranty. What is the public view on this?

[Murader03]

This is really a judgement call on your part, cost benefit ratio.....

I for one purchased the extended warranty when I bought the car, and I'm glad I did. The engine was replaced due to an overheat problem that damaged the two rear cylinders. At approximately $6500 installed, the warranty was worth the cost. The replacement, along with a broken windshield while in the dealers hands, cost me $50. The engine was replaced at 53K, the car itself has 73K now. Tranny's are another expensive item to have replaced and there are a few on the board that have gone through more than one replacement.

So, bottom line, how safe to you want to play......

[Bradley G]

Buyer beware on aftermarket warranties!I have never heard reputable used to describe an aftermarket warranty!though they may exist, It has not been my experience.The warranty that you are concidering purchacing, is really for two years and 47000 miles with what has accrued so far.Will you put 47k on in two years? how much is the warranty? what is the deductible?do the terms change if you have to bring it to a different dealer?Read all the fine print,cause this is not really a warranty(though it is promoted as one)It is an insurance policy.Has all the scheduled maintenence been performed already ie;coolant, trans, fuel filter,all oil changes?ect.If you have a catastrophic failure and can't prove the Required maintence has been done with reciepts!the so called warranty is only good for one thing, and it aint pretty!sorry:rolleyes:

Bradley G
If an through inspection is not required by a ase certified shop then,I would consider this to be the first red flag!

[jjaguda]

Bradley G

The company I was lookin at is 1SourceAutoWarranty.com. The requirements for maintenance is to keep "verifiable" records from the begining of this warranty. The period/mileage begins from the start of the warranty as well. So coverage is generally to 100k. Although there does not seem to be a requirement for a pre-warranty inspection, part of the requirements for covered repairs is to have an ASE certified mechanic do the repairs. While I generally do not buy extended warranties, hearing things like Murader03's experience makes me wonder if it wouldn't be a good idea.

[SouLRioT]

Are you planing on doing Mods?

[Patrick]

Another point is are you planning on doing Mods? If so what? That would be my only question. Just my :twocents:

[jjaguda]

Yes, I am planning on eventually doing some mods. Guess that kinda' answers my question - although I would at least be covered until I blow a head gasket from a s/c.:burnout:

[drgnrdr33]

A friend of mine's father was a dealership service manager for 30+ years. His bottom line on extended warranties: if they aren't from the vehicle manufacturer, i.e. Ford, they are not worth the paper they are printed on.

If you decide on a Ford warranty, shop around. Dealership prices vary. Check out fordwarrantycentral.com. They beat the dealers in my area by $600.

[DEFYANT]

Warranty companies are in business to make money, not pay out. If they can void you because you lost an oil change reciept or you changed the muffler balancer which caused the left wheel to come off, they'll do it!

No extended warranty here. 3/36

[Bradley G]

Hey JJaguda,

The fact that you mention, a preinspection, is not required and your vehicle is past the factory warranty by mileage,tells me to pass on any of these options.I know of some members here that heavily mod their MM's and still purchaced an Ford ESP (extended service protection)to cover all the other(no wearables) components(besides driveline) I saw a post a while where the Electronic climate control cost almost two grand to repair(covered by Ford ESP).This is only one, valid reason to purchace the warranty.I took a 6/60000 and may bump the mileage before it expires;(driving her more than antisipated:o )Good luck to you! and Happy Maraudering!
Bradley G

Bradley G

The company I was lookin at is 1SourceAutoWarranty.com. The requirements for maintenance is to keep "verifiable" records from the begining of this warranty. The period/mileage begins from the start of the warranty as well. So coverage is generally to 100k. Although there does not seem to be a requirement for a pre-warranty inspection, part of the requirements for covered repairs is to have an ASE certified mechanic do the repairs. While I generally do not buy extended warranties, hearing things like Murader03's experience makes me wonder if it wouldn't be a good idea.

[sailsmen]

If you plan on keeping the car then yes get the EW.

I only recc the MFG EW. I have seen EW Company after EW Company go bust over the years. I am in the ins. bus and I would only buy the MFG EW.

Believe me if the MFG costs more it is because the MFG knows what to charge, afterall they have the accurate data base, the EW Companies do not have as accurate a data base and they have a significant failure rate.

[SHERIFF]

I'm gonna have to disagree on these opinions thus far. True, the warranty companies are in the business to make money. But they don't make money by denying claims. They wouldn't last 5 years if this was the case. They make money by selling more than they pay out. Most people never have major failures before 100,000 miles and that's where they make their bread and butter. For every one person who has a major transmission failure, there's 9 who don't.

I prefer and have used WarrantyDirect. Before they will pay on a major repair, say $2,500 to $5,000, they DO send somebody out to view the car and make sure the repair needs to be done and that it is being done at a reputable and licensed shop. While it may appear they are looking for a reason to deny the claim, they are simply trying to keep from getting defrauded. You know the kind, Uncle Joe owns a shop, Niece Jane has a warranty, they both scheme to get $4,000 and split it between themselves.

Repair shops........ hell no, they don't like these aftermarket warranty companies. They think it is a pain in the butt to have to call them and get "approved" for the repair. A phone call seems to be a whole lot of extra work for them for some reason. They would much rather hand the customer a bill and get paid by personal check. In the case of WarrantyDirect, the shop needs to call them, advises what needs to be done, and WarrantyDirect approves the repair and pays them by credit card on the spot.

An extended warranty on a Marauder should be in the neighborhood of $1,600 to $1,800. Trust me, it is money well spent. Just one major engine or tranmission repair and it has paid for itself.

Notwithstanding anything I have said above, I am speaking of reputable aftermarket warranty companies. You have to do the research to determine which ones are trustworthy and have been in business for a long time. If a warranty company has been in business since 1985, they are obviously doing something right. As in paying claims and getting repeat customers rather than a tarnished reputation. 1stSource and WarrantyDirect are both fine companies overall. Sure, they have a disgruntled customer once in a while, and that's the only ones you ever seem to hear from of course. But that one disgruntled customer is probably denied through fault of their own resulting in damages. If the repair shop tells the warranty company the car looks like the oil hasn't been changed for 35,000 miles, you can bet they aren't going to pay any engine damages. But if the shop tells the warranty company it was a mechanical failure due to no fault of the customer, they will pay.

[SHERIFF]

ps - in 1999 my wife was driving a 1997 Chevrolet Lumina when the transmission took a dump, through no fault of her own. We had paid $1,500 for an aftermarket extended warranty. The transmission had to be totally replaced with a brand new one to the tune of $3,300. The extended warranty was just like money in the bank earning an extremely high interest rate for 2 years. :)

[fastblackmerc]

ps - in 1999 my wife was driving a 1997 Chevrolet Lumina when the transmission took a dump, through no fault of her own. We had paid $1,500 for an aftermarket extended warranty. The transmission had to be totally replaced with a brand new one to the tune of $3,300. The extended warranty was just like money in the bank earning an extremely high interest rate for 2 years. :)

I had purchased a Ford extended warranty on a new '83 T-Bird and an extended warranty thru a GM dealer for a used '97 T-Bird. Had major transmission problems with both cars, both warranties covered the repairs, I had a $50.00 deductable with the Ford warranty and $75.00 Deductable with the GM warranty. I saved about $1,500.00 to $2,000.00 on each repair after factoring in the cost of the warranties. And both provided for rental car reimbursment. I'd research each warranty & company you intend to go with.

[Bradley G]

I can appreciate a difference of opinion,I am not saying I know best.I do have fifteen years in automotive selling industry for Ford Lincoln and Mercury&12 with Jeep.
I also worked as a service writer for a year.I base my opinion on countless times where the "one day inspection" turned out to be much longer.Then If the "claim " is approved and I mean a Big if,the Dealer will order your parts( more waiting)the whole time you are renting a car until it may be determined the issue is covered.Belive me when I tell you,The warranty companies are not looking to pay out anything!If maintenience or a non covered part is the failure cause,They wont pay on the covered part.They are truly experts on avoiding paying out claims.The Factory warranty is designed to get customers to repurchace their products.The aftermarket warranty company, If still in business, will have no incentive to help you out!I understand their are always exceptions to the notion(s) I have laid forth, so I'm not debateing your experiences.Just a little different perspective!
Bradley G

[PJR]

A friend of mine's father was a dealership service manager for 30+ years. His bottom line on extended warranties: if they aren't from the vehicle manufacturer, i.e. Ford, they are not worth the paper they are printed on.

If you decide on a Ford warranty, shop around. Dealership prices vary. Check out fordwarrantycentral.com. They beat the dealers in my area by $600.FYI,

I called yesterday and the qoute for my '03 MM with 28,000 miles was as follows:


Ford Premium Care, 6 years/75,000 miles
$1080 $100 Deductable
$1160 $50 Deductable
$1390 No Deductable



Sounds pretty good to me!

[jjaguda]

Thanks for all of the replies.
I have alot to think over.

[69mach1]

My only experience has been with non-dealer extended warranties, and they were not good. :( (Both were corner lot dealers) The one time I wanted to use the warranty on my wife's 98 Ranger the company was out of business, the other went belly up also. $750 down the tubes and I ended up doing the repair myself. For my 2004 MM I did buy the Ford Premium Care, 6 years/75,000 miles for around $1100, just for piece of mind, and if later I do mod's that's ok. It will be covered in the mean time.
As for the Marauder I love it , 7000 miles on the odometer of which I put on 5000.
Smile after mile.
Jon, aka 69mach1:banana2:
:burnout:

[jjaguda]

Well . . .
I called a local L/M dealer about the factory extended warranty. 1900.00 to cover my 53,000 mile MM for 4 yrs or up to 100k. I'll call acouple of other dealer tomorrow, but I may just roll the dice. We'll see.

[jjaguda]

Here are the numbers:

Ford Extended Service Plan (Premium) starting from the time/date of purchase:

3yrs/36k = $1760
4yrs/48k = $1955

Most of the replys I ahve received in this thread seem to side with sticking with the factory extended warranty. Assuming I will keep this car for at lease three years, my bottom line question now is: 1) whether roll the dice without a warranty; 2)or at least pick up the 3/36 which will cover me until 90k.

Opinions?

[TAF]

Here are the numbers:

Ford Extended Service Plan (Premium) starting from the time/date of purchase:

3yrs/36k = $1760
4yrs/48k = $1955

Most of the replys I ahve received in this thread seem to side with sticking with the factory extended warranty. Assuming I will keep this car for at lease three years, my bottom line question now is: 1) whether roll the dice without a warranty; 2)or at least pick up the 3/36 which will cover me until 90k.

Opinions?
My understanding is the years and mileage are from the initial in-service date. So buying a 3yr/36k = your factory warranty. You need to buy either the 6yr/75k or the 6 or 7yr/100k. Don't buy the wrong thing.....

[jgc61sr2002]

Well . . .
I called a local L/M dealer about the factory extended warranty. 1900.00 to cover my 53,000 mile MM for 4 yrs or up to 100k. I'll call acouple of other dealer tomorrow, but I may just roll the dice. We'll see.

Is that 4 years in addition the the factory 3 yr warranty? That warranty is for 47K miles and you will probably exceed the mileage of the warranty in the time frame if it covers 4 additional years.

IMO I would not spend the $'s. But is is your call.

[jjaguda]

My understanding is the years and mileage are from the initial in-service date. So buying a 3yr/36k = your factory warranty. You need to buy either the 6yr/75k or the 6 or 7yr/100k. Don't buy the wrong thing.....
I verified that the warranty starts from the date (and mileage) the warranty is purchased. THis is a different warranty from the standard one Ford will sell for cars still covered under the factory warranty. The guy even had to look to a different guide for cars out of factory warranty. Since I have 53k on the car, a 3yr/36k initial in-service date warranty would have expired 17k ago. I will be sure to read the fine print.

[Bradley G]

If you are purchacing a Used car warranty that is stated time and mileage from your purchace date.This one applies to your situation because your origional factory warranty has elapsed.This warranty eligibility would also require an inspection to determine any preexisting conditions.New car warranties revert back to the origional in service date,and would not require an inspection.
Bradley G

[jjaguda]

Bradley G


I was not told that an inspection would be required, but the car is still virtually stock. As such they can inspect away. I bought the car with 52k on it and, except for the bug damage to the front, the car very clean. Still, I,m having a hard time parting with 2k on that chance that this warranty will pay for itself. As I type this, though, the car is at the dealer having the valve seals replaced at the seller's cost. Estimated at 1,500.00 (300 for parts and 14 hrs of labor). Generally, with exception of course, the opinions on this site lean toward the stoutness of the MMs. Guess I'll continue to think about the warranty.

[Bradley G]

Hey jjaguda,

A "Used car" factory warranty would require an inspection,if origional factory has expired by time or mileage.


Bradley G


I was not told that an inspection would be required, but the car is still virtually stock. As such they can inspect away. I bought the car with 52k on it and, except for the bug damage to the front, the car very clean. Still, I,m having a hard time parting with 2k on that chance that this warranty will pay for itself. As I type this, though, the car is at the dealer having the valve seals replaced at the seller's cost. Estimated at 1,500.00 (300 for parts and 14 hrs of labor). Generally, with exception of course, the opinions on this site lean toward the stoutness of the MMs. Guess I'll continue to think about the warranty.

[O's Fan Rich]

I bought the 75k extended for mine.
I reasoned out on the costs and I realized that I'll be putting more miles on the car for work. (This is my work car btw.)
I bought the Ford/LM warranty, full coverage. $1200.00 My major mods will be on hold until the car "offically" becomes my personal property, not the company's.

[Murader03]

I posted earlier about my engine being replaced under extended warranty, well, now it's the rear axles. It matter's not that there is a TSB on the axles, see other thread, as the MM isn't listed in the TSB, although we have the differential in question, my build date is in the range also. At any rate, for the deductible, I'll have new axles and bearings next week. Another case where the extended warranty worked one way or another. :banana: