Would you purchase an exstended warrranty for a new truck?

I wouldn't buy a 3rd party.

I know the ford plan that my truck has is bumper to bumper 7yr 100k. I didn't use it on my last truck and hope not to on the current but for me it gives me that warm fuzzy feeling.

For a diesel - make sure it covers emissions parts - I found out the hard way my extended 3rd party did not - they said all DPF's etc were considered w&t items - dealer wanted $3000+ to replace.

I am a big fan of having a warranty to at least cover the vehicle while you are still making payments.

Also, you CAN negotiate the price!! As some have posted, you can actually buy a Ford factory warranty online from a different dealer. Or, at least print out the offers from the internet and use those numbers when negotiating. My last two trucks I got extended warranties for almost 1/2 the price that the dealer first said they would cost - and it was for the same warranty coverage (I made sure they weren't substituting a lesser warranty).

patriotgrunt wrote:

Redwoodcamper wrote:
Yes if it was a Ford. No if it was a Cummins.

That's funny! I had more issues from my Ram than I've had from my current Ford when comparing the first couple of years. I guess I'm an anomaly according to some. :R

Your not alone, the issues I had with a ram years ago pushed me to buy ford. Now im sure people will be along soon to say that Ram is a great truck now and I don't doubt it. weve all had our reasons to prefer one brand over another.

Redwoodcamper wrote:
Yes if it was a Ford. No if it was a Cummins.

That's funny! I had more issues from my Ram than I've had from my current Ford when comparing the first couple of years. I guess I'm an anomaly according to some. :R

We bought a RAM Maxcare 8 year 120K warranty. third warranty I have ever purchased and first vehicle one. Chris

Get the factory extended warranty, not some after market deal. A number of years ago I bought an aftermarket extended warranty and when I made my first claim, I was told the plan went 'bankrupt' and I was out of luck.

So...since then....if I buy a new GM, Ford or Mopar, Honda, Toyota, etc...I buy their factory warranty. It has worked well.

New vehicles are very costly to repair with high labour and parts costs. I'm at the point where I buy a new vehicle, then buy the extended warranty, then trade it in, just before the extended warranty is up. I then start the process over again. If you can do that, I would recommend. This way I fix my costs over the years I own the vehicle. I'm retired and I don't want any 'big' surprises anymore.

fj12ryder wrote:

DallasSteve wrote:

hotpepperkid wrote:
If your the kind of person who buy insurance at the black jack table then by it, but generally insurance of any kind is a waste of money

Does that mean you don't buy auto insurance or health insurance? I do, but with rather high deductibles. I would not buy an extended warranty, but then everyone here will probably be aghast at my plan. I like leasing vehicles. I will probably do a 3-year lease on my tow vehicle and it will be under the factory warranty the whole time. I've been leasing vehicles for over 10 years and it's been great for me. My bank account keeps growing so it can't be too bad of a decision.

Think how big that bank balance would be if you paid yourself instead of the leasing company. :)

People lease because it's cheaper, unless you're going to keep a vehicle about 5 years or longer, and in my case because they don't like to sell used vehicles or trade them in. I want newer vehicles, and in this case I'm not sure I'll still want to RV in 5 years. I'm not even sure if I'll be alive in 5 years, but if I'm not then money is not my problem. LOL.

Park Cities Ford: F250 Specials

The link above shows that the payments are about the same for lease or purchase at this local dealer. But, the purchase is for 7 years so you probably would want an extended warranty (ca-ching!) or you will have to consider repairs after the warranty period is up (ca-ching!). At that point my bank balance is not bigger - it's smaller if I buy. It's a lot of money either way, but buying isn't really cheaper after you look at all of the costs. You're paying the same or more to drive older vehicles. Go right ahead.

For a PSD, I'd buy a service plan. Those things are freakin' expensive to repair, should the need arise. Other than that, you're betting whether your truck will be above or below the average in repairs, and that is anybody's guess. Do ya feel lucky, or unlucky?

Now if you were buying a RAM, I'd say get the lifetime max care and plan to keep the truck forever. Make them pay!!! ;)