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Ford - "Extended Service Plan???" in Cars


Old 06-18-2004   #31
..ank-in-..ron..
 
Default Re: Extended Service Plan???

On Thu, 17 Jun 2004 20:07:23 -0400, "Jeff" <kidsdoc2000@hotmail.com>
wrote:

>
>"Tom C." <tomcNO@SPAMfastnetit.com> wrote in message
>news:caqeuq01v6b@enews3.newsguy.com...
>> Have any of you bought an extended warranty from one of the online

>websites?
>> Looking to get a 7yr./100k mile Extended Service Plan for my '02 Explorer.

>
>I would take the money and put it in the bank. If you do this for every
>vehicle you own, you will come out ahead. If I put $1000 for the ESP in my
>bank account on my 1997 Contour, I would have about $1150 there now.

sure. but you didn't. most people don't have cash lying around.
they finance this expense too. it doesn't just buy repairs.
it buys peace-of-mind. it's like locking in your mortgage rate.
it may be higher than it needs to be, but you KNOW you
can carry it. same with the ESP. i always recommend it.

what i do just before it expires is go to the NHTSA web
site and review all the TSBs for my vehicle. then i go
to the dealership and pretend i feel some of the symptoms.
they check and sometimes i get stuff fixed that hadn't
yet shown up.
....thehick
 
Old 06-18-2004   #32
..m.. .. ..dizh..
 
Default Re: Extended Service Plan???

On Wed, 16 Jun 2004 14:43:54 -0700, Tom C. wrote:

> Have any of you bought an extended warranty from one of the online
> websites? Looking to get a 7yr./100k mile Extended Service Plan for my
> '02 Explorer.
>
> So far, I've priced them here:
> http://www.fordwarrantys.com/
> http://www.fordesp.com/
>
> Thoughts?
> Suggestions?
>
>

The one time I bought a warranty was on a used Mitsubishi Eclipse.
After the deal was done, the dealer started on the warranty; he wanted
$1,200. We finally settled on $250 and some change. That should give you
an idea of the profit margin on those things.

Check out your credit union, your driving club (AAA), etc. They
typically offer decent warranties at far lower cost.

The dealer offers peace of mind but at a horrendous markup. I really
think that they could offer the warranty straight-up at something like a
hundred a year, going up as the vehicle got older, but that's too simple.
That's really what you want; someone who will sell you mechanical
insurance on the vehicle, based on loss history and not dealer fluff.

--Kamus

--
o |
o__ >[] | A roadie who doesn't ride a mountain bike has no soul.
,>/'_ /\ | But then a mountain biker who doesn't ride a road bike has no legs...
(_)\(_) \ \ | -Doug Taylor, alt.mountain-bike

 
Old 06-18-2004   #33
..m.. .. ..dizh..
 
Default Re: Extended Service Plan???

On Wed, 16 Jun 2004 14:43:54 -0700, Tom C. wrote:

> Have any of you bought an extended warranty from one of the online
> websites? Looking to get a 7yr./100k mile Extended Service Plan for my
> '02 Explorer.
>
> So far, I've priced them here:
> http://www.fordwarrantys.com/
> http://www.fordesp.com/
>
> Thoughts?
> Suggestions?
>
>

The one time I bought a warranty was on a used Mitsubishi Eclipse.
After the deal was done, the dealer started on the warranty; he wanted
$1,200. We finally settled on $250 and some change. That should give you
an idea of the profit margin on those things.

Check out your credit union, your driving club (AAA), etc. They
typically offer decent warranties at far lower cost.

The dealer offers peace of mind but at a horrendous markup. I really
think that they could offer the warranty straight-up at something like a
hundred a year, going up as the vehicle got older, but that's too simple.
That's really what you want; someone who will sell you mechanical
insurance on the vehicle, based on loss history and not dealer fluff.

--Kamus

--
o |
o__ >[] | A roadie who doesn't ride a mountain bike has no soul.
,>/'_ /\ | But then a mountain biker who doesn't ride a road bike has no legs...
(_)\(_) \ \ | -Doug Taylor, alt.mountain-bike

 

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