Extended Warranty Pros and Cons
#1
Extended Warranty Pros and Cons
Has anyone gotten an extended warranty on their new Mustang? If so, how much did you pay? I was thinking about getting the 7/75,000 but after hearing the price, $1550, I lean toward it not being worth it. I'd like to hear opinions. Pros and Cons.
#2
RE: Extended Warranty Pros and Cons
I could not get anything fixed on our 02 F-150 during the 3/36 warranty, they would keep it 2-3 days at a time and say we cant find anything wrong with it. Tried 3 different dealers, I had to fix it myself both times. They will always try to get out of fixing anything they can.
One dealer claimed they replaced parts but later another dealer checked the repair history and there was none.
Getting something fixed under the extended warranty would probably be even harder.
$1550 for 4 more years of aggravation?, 99% of all extended warranties are a bad investment.
Very rarely will you come out ahead
At $1550 plus deductables you would have to have an awful lot go wrong with it and then you have to try to make them fix it.
One dealer claimed they replaced parts but later another dealer checked the repair history and there was none.
Getting something fixed under the extended warranty would probably be even harder.
$1550 for 4 more years of aggravation?, 99% of all extended warranties are a bad investment.
Very rarely will you come out ahead
At $1550 plus deductables you would have to have an awful lot go wrong with it and then you have to try to make them fix it.
#3
RE: Extended Warranty Pros and Cons
I also purchased the extended warranty. Those cool things we like about the GT are expensive littlie goodies Fellow says he fixed his stuff himself. I also fix thing myself. But those computer things and "auto" things, electronic and electric things. I decided to spend the money. I have had some things "go south" on me recently, things that should not have, but did. I think at this time, I'm a beliver in extended warranties.
I ride a Yamaha FJR1300ABS, bought the warranty for that also.
I ride a Yamaha FJR1300ABS, bought the warranty for that also.
ORIGINAL: riff
Has anyone gotten an extended warranty on their new Mustang? If so, how much did you pay? I was thinking about getting the 7/75,000 but after hearing the price, $1550, I lean toward it not being worth it. I'd like to hear opinions. Pros and Cons.
Has anyone gotten an extended warranty on their new Mustang? If so, how much did you pay? I was thinking about getting the 7/75,000 but after hearing the price, $1550, I lean toward it not being worth it. I'd like to hear opinions. Pros and Cons.
#4
RE: Extended Warranty Pros and Cons
I have bought an extended warranty twice in my life before, and both times they paid for themselves at around 50K - 60K miles. BTW, I bought a 6-yr/100K mile warranty for my 05 Stang, and it was less than $1550.
#6
RE: Extended Warranty Pros and Cons
I bought the 6 year for the piece of mind that if anything did happen with the new 4.0 engine - it would be covered. Personally I think Ford is getting their act together and making cars that will last for a while - hopefully giving Toyota and Honda a run for the money.
#7
RE: Extended Warranty Pros and Cons
I turned down the extended offered by the dealership... it was somewhere in the $1500 range... they offered the add it into the first years financing... but then I would have had to use them for that too...
I have always gone into the dealership KNOWING where my money is coming from... and the difference between the last car I bought, (02 WRX bought in spring 01) and now is amazing... I got over 3% less on the rate this time... my second car payment is only $50 more than the first...
I have always gone into the dealership KNOWING where my money is coming from... and the difference between the last car I bought, (02 WRX bought in spring 01) and now is amazing... I got over 3% less on the rate this time... my second car payment is only $50 more than the first...