Extended Service Plans
08-16-2015, 04:11 AM
#11
4th Gear Member
Join Date: Aug 2008
Posts: 1,149
How do any of you figure "any" ESP is free?
I think the markup on ESP plans are substantial. A dealer sells them with anything over their cost being a clear profit. I think if you want an ESP you should negotiate the price as part of the sale of the car. After you get the best price you think is possible, "log roll" (a negotiating term) in a reduction of the ESP price before you sign. I think you can get just about the same price on an ESP right up until your basic warranty runs out. Keep in mind that providers of ESP's believe they will make money on the policy. I've been buying new cars for 40 years & would never had made out once with a ESP. If a car has no serious problems for 36 months or 36,000 miles, the odds are you won't make out with a ESP, or they would not sell them! Of course it is a gamble, but I would have never come out ahead on any new car I've bought with an ESP., & I've bought a lot of new cars since I'm 73. I can think of about 8 Fords alone! Every major problem has shown up before 36,000 miles. I'm in the process of buying a new Mustang & I won't buy an ESP!
Just one guy's opinion.
I think the markup on ESP plans are substantial. A dealer sells them with anything over their cost being a clear profit. I think if you want an ESP you should negotiate the price as part of the sale of the car. After you get the best price you think is possible, "log roll" (a negotiating term) in a reduction of the ESP price before you sign. I think you can get just about the same price on an ESP right up until your basic warranty runs out. Keep in mind that providers of ESP's believe they will make money on the policy. I've been buying new cars for 40 years & would never had made out once with a ESP. If a car has no serious problems for 36 months or 36,000 miles, the odds are you won't make out with a ESP, or they would not sell them! Of course it is a gamble, but I would have never come out ahead on any new car I've bought with an ESP., & I've bought a lot of new cars since I'm 73. I can think of about 8 Fords alone! Every major problem has shown up before 36,000 miles. I'm in the process of buying a new Mustang & I won't buy an ESP!
Just one guy's opinion.
08-16-2015, 03:18 PM
#12
5th Gear Member
Join Date: Mar 2008
Location: Clermont, FL
Posts: 2,952
Mine was essentially free.
We agreed upon $20,500 for the car. Then they tried to sell me the ESP for $1000, which would have made the price $21,500.
When I said no thanks, they dropped the price down to $19,500 and added in the $1000 esp. Making the total the original $20,500 final agreed upon price
This was also on my $33,000 sticker priced 08 GT.
We agreed upon $20,500 for the car. Then they tried to sell me the ESP for $1000, which would have made the price $21,500.
When I said no thanks, they dropped the price down to $19,500 and added in the $1000 esp. Making the total the original $20,500 final agreed upon price
This was also on my $33,000 sticker priced 08 GT.
08-17-2015, 12:37 PM
#13
1st Gear Member
Join Date: Jun 2006
Location: California
Posts: 140
We bought a 5 year/75K Premium Care ESP for my wife's 2015 Escape Titanium with 6 year financing. Reason being for that particular plan is A) we are on track to pay it off in 5 years, B) She drives about 15K per year, and C) when the car is payed off and the bumper to bumper like ESP runs out we can trade in/sell a perfectly working car.
If I get a Mustang though, I am not sure if I will get the ESP. Granted, Flood has 2016's Premium Care 0 deductible 5yr/60K for $700 which is nothing, but I am zero experience with dealership warranties and modding here in SoCal.
If I get a Mustang though, I am not sure if I will get the ESP. Granted, Flood has 2016's Premium Care 0 deductible 5yr/60K for $700 which is nothing, but I am zero experience with dealership warranties and modding here in SoCal.
Last edited by daltron; 08-17-2015 at 12:42 PM.
08-18-2015, 01:31 AM
#14
4th Gear Member
Join Date: Aug 2008
Posts: 1,149
Mine was essentially free.
We agreed upon $20,500 for the car. Then they tried to sell me the ESP for $1000, which would have made the price $21,500.
When I said no thanks, they dropped the price down to $19,500 and added in the $1000 esp. Making the total the original $20,500 final agreed upon price
This was also on my $33,000 sticker priced 08 GT.
We agreed upon $20,500 for the car. Then they tried to sell me the ESP for $1000, which would have made the price $21,500.
When I said no thanks, they dropped the price down to $19,500 and added in the $1000 esp. Making the total the original $20,500 final agreed upon price
This was also on my $33,000 sticker priced 08 GT.
08-19-2015, 07:36 AM
#15
5th Gear Member
Join Date: Mar 2008
Location: Clermont, FL
Posts: 2,952
They obviously get a kickback on the number of esp they sell no matter how the car price is written up as long as it includes the esp.
08-25-2015, 03:35 PM
#16
3rd Gear Member
Join Date: Jul 2007
Location: Florida
Posts: 506
Few thoughts (I come from a long history of experience in automotive industry)...
-If you get ESP, make sure it's Ford ESP (The premium coverage), not some garbage 3rd party.
-Shop around, you can buy your ESP in ANY state. States are regulated on sale price for the policies, when I bought my ESP on my 2005 I got it from a dealer in Ohio (I live in FL) for THOUSANDS less than I would have in FL.
-Ford's lousy 3yr/36k will cover you for the realistic driving expectation. The truth is, cars are genuinely just built better today. I had an ESP on my 2005 and didn't have any major issues until after 7 years and 150k miles, and even still the issues aren't major. This though, is probably based more on driving habits and your willingness to keep up with regular maintenance. If you plan to beat your car to death, you might consider otherwise.
-You can purchase a Ford ESP at ANY TIME up until your factory warranty is expired. Consider driving the 3yr/36k first before making the purchase - get a feel for how the car is performing mechanically. You can finance the purchase of a Ford ESP, even outside of the initial car purchase. Keep this top of mind.
Hope this helps, good luck!
-If you get ESP, make sure it's Ford ESP (The premium coverage), not some garbage 3rd party.
-Shop around, you can buy your ESP in ANY state. States are regulated on sale price for the policies, when I bought my ESP on my 2005 I got it from a dealer in Ohio (I live in FL) for THOUSANDS less than I would have in FL.
-Ford's lousy 3yr/36k will cover you for the realistic driving expectation. The truth is, cars are genuinely just built better today. I had an ESP on my 2005 and didn't have any major issues until after 7 years and 150k miles, and even still the issues aren't major. This though, is probably based more on driving habits and your willingness to keep up with regular maintenance. If you plan to beat your car to death, you might consider otherwise.
-You can purchase a Ford ESP at ANY TIME up until your factory warranty is expired. Consider driving the 3yr/36k first before making the purchase - get a feel for how the car is performing mechanically. You can finance the purchase of a Ford ESP, even outside of the initial car purchase. Keep this top of mind.
Hope this helps, good luck!
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