Extended Service Protection

[segald]

Hey...with all the technology and expensive future repairs (if necessary), I am considering the purchase of an extended service contract for my 2016 Edge Titanium. Has anyone purchased one and did you purchase it directly from Ford, your dealer or from an online dealer? And have you had any problems using it?

 

Thanks,

 

Dave

 

[richzx14]

I purchased an extended warranty from: The price was about 50% less than Ford Corporate ESP or my local dealer. These online dealers make their money on volume ESP sales is how they can provide such low pricing. Keep in mind that prices can change month to month. I have no personal interest in this dealer, simply passing on my purchase experience.

 

http://andersonandkoch-ford-warranty.com/

Jeremy Klund - Business Mgr (very helpful) - 651-674-4465 - 800-758-3673 - 651-674-5032 F
Anderson & Koch
Po Box 158
North Branch, MN 55056

 

01-15-17 2016 Edge Ext. Warr. 8 yrs 60k miles ESP PremiumCARE Plan. $1,110 + $60 - interior/exterior lights = $1,170 Amx. Anderson & Koch Ford. 5577 St. Croix Trial North Branch, MN. 651-674-4465 - 800-758-3673 http://andersonandkoch-ford-warranty.com/Jeremy

I researched pricing from a number of dealers and I selected Anderson & Koch as their price and ratings were very positive.

 

Here are dealers I reviewed:

https://www.floodfordesp.com/

http://andersonandkoch-ford-warranty.com/

Ziegler - http://www.zeiglerfordesp.com/

Flood - http://www.floodfordesp.com/faq.php - https://www.floodfordesp.com/esp_plans.php?PlanDetailID=9&ModelID=5&VehicleYear=2016&VehicleMileage=276&StateID=29&Surcharge1=0&AWD=1&Surcharge4=0&Surcharge2=0&Surcharge3=0&Submit=Continue

http://www.lombardfordwarrantys.com/

https://championfordwarranty.com/Quotesview.asp?ID=18824

Good luck and please let the board here know your outcome.

[chefduane]

I checked out the site you mentioned an ESP's are only offered on autos with 41k miles or less. I've got 74k on my '11 Limited AWD. In doing some research I've found that most of the ESP's for higher mileage Edges like mine cost a fortune!

[WWWPerfA_ZN0W]

Does seem rather expensive! I wonder if the rates have been raised recently ...

[segald]

Thanks richzx14...Anderson is one of the ones I was looking at (I was quoted the same price) and I am also looking at the others as well. It just seems like they are "too good to be true" prices as they are really $100s less than through the Ford website. I did email one of them to see if they can send me a list of parts that ISN'T a covered part...I would think they should be able to supply that.

 

Dave

 

 

I purchased an extended warranty from: The price was about 50% less than Ford Corporate ESP or my local dealer. These online dealers make their money on volume ESP sales is how they can provide such low pricing. Keep in mind that prices can change month to month. I have no personal interest in this dealer, simply passing on my purchase experience.

 

http://andersonandkoch-ford-warranty.com/

Jeremy Klund - Business Mgr (very helpful) - 651-674-4465 - 800-758-3673 - 651-674-5032 F

Anderson & Koch

Po Box 158

North Branch, MN 55056

 

01-15-17 2016 Edge Ext. Warr. 8 yrs 60k miles ESP PremiumCARE Plan. $1,110 + $60 - interior/exterior lights = $1,170 Amx. Anderson & Koch Ford. 5577 St. Croix Trial North Branch, MN. 651-674-4465 - 800-758-3673 http://andersonandkoch-ford-warranty.com/Jeremy

 

I researched pricing from a number of dealers and I selected Anderson & Koch as their price and ratings were very positive.

 

Here are dealers I reviewed:

https://www.floodfordesp.com/

 

http://andersonandkoch-ford-warranty.com/

 

Ziegler - http://www.zeiglerfordesp.com/

 

Flood - http://www.floodfordesp.com/faq.php - https://www.floodfordesp.com/esp_plans.php?PlanDetailID=9&ModelID=5&VehicleYear=2016&VehicleMileage=276&StateID=29&Surcharge1=0&AWD=1&Surcharge4=0&Surcharge2=0&Surcharge3=0&Submit=Continue

 

http://www.lombardfordwarrantys.com/

 

https://championfordwarranty.com/Quotesview.asp?ID=18824

 

Good luck and please let the board here know your outcome.

[enigma-2]

I bought mine directly from the dealer. Never had any problems using it.

[segald]

So, I was able to get the Premium Care from Lombard Ford...with their emailed discounts, it was less than $200 more than Flood and Anderson. I asked Lombard if they would match it since they were the first dealer I had contact with and surprisingly, they did match. Total was $1110 for 0 deductible and 60,000 miles. I was impressed that they did it...I did have to pay in full but considering it was 1/2 the price as Ford was charging, no problem. I don't put a lot of miles on the vehicle (I just hit 4,000 and it's 11 months old)...thank you all for your advice and recommendations.

 

Dave

 

 

 

Thanks richzx14...Anderson is one of the ones I was looking at (I was quoted the same price) and I am also looking at the others as well. It just seems like they are "too good to be true" prices as they are really $100s less than through the Ford website. I did email one of them to see if they can send me a list of parts that ISN'T a covered part...I would think they should be able to supply that.

 

Dave

 

 

I purchased an extended warranty from: The price was about 50% less than Ford Corporate ESP or my local dealer. These online dealers make their money on volume ESP sales is how they can provide such low pricing. Keep in mind that prices can change month to month. I have no personal interest in this dealer, simply passing on my purchase experience.

 

http://andersonandkoch-ford-warranty.com/

Jeremy Klund - Business Mgr (very helpful) - 651-674-4465 - 800-758-3673 - 651-674-5032 F
Anderson & Koch
Po Box 158
North Branch, MN 55056

 

01-15-17 2016 Edge Ext. Warr. 8 yrs 60k miles ESP PremiumCARE Plan. $1,110 + $60 - interior/exterior lights = $1,170 Amx. Anderson & Koch Ford. 5577 St. Croix Trial North Branch, MN. 651-674-4465 - 800-758-3673 http://andersonandkoch-ford-warranty.com/Jeremy

I researched pricing from a number of dealers and I selected Anderson & Koch as their price and ratings were very positive.

 

Here are dealers I reviewed:

https://www.floodfordesp.com/

http://andersonandkoch-ford-warranty.com/

Ziegler - http://www.zeiglerfordesp.com/

Flood - http://www.floodfordesp.com/faq.php - https://www.floodfordesp.com/esp_plans.php?PlanDetailID=9&ModelID=5&VehicleYear=2016&VehicleMileage=276&StateID=29&Surcharge1=0&AWD=1&Surcharge4=0&Surcharge2=0&Surcharge3=0&Submit=Continue

http://www.lombardfordwarrantys.com/

https://championfordwarranty.com/Quotesview.asp?ID=18824

Good luck and please let the board here know your outcome.

 

[WWWPerfA_ZN0W]

Feels good to be protected, doesn't it?

[akirby]

Feels good to be protected, doesn't it?

 

In my case it feels better to save over $8K by never buying one in the first place. YMMV.

[WWWPerfA_ZN0W]

8000? How do you figure? Got me curious now.

[akirby]

That's roughly how much I've saved on 5 vehicles that I kept 2-4 years after the 3/36 warranty expired by not buying an extended warranty. I could replace an engine tomorrow and still be $4K ahead.

[enigma-2]

All it takes is one failure ......

You also go this route with life insurance?

[akirby]

All it takes is one failure ......

You also go this route with life insurance?

I can pay for a repair, even a large one. I can't pay for a new car if I total it. I can't pay for a new house if it burns down.

 

You only buy insurance for things you can't afford. Self insuring is always cheaper in the long run - if it wasn't the Insurance companies and warranty companies would be out of business. It's simply a matter of how much risk you can take. Corporations don't buy car insurance normally - it's cheaper to just insure themselves.

I also have life insurance but once I retire and have enough income from pensions, 401ks and SS I'll probably drop it.

 

What I don't understand is why people freak out over a $2k repair bill but don't bat an eye at paying $1500 up front for a warranty they may not use at all or at least not for a few years. Is it just because it can be financed so it's only a few dollars per month?

 

If you really can't afford a large repair bill then it makes sense to finance it with the vehicle.

 

If you can afford a large repair bill every now and then, you can usually save money by self insuring. But you have to look at the total cost over all vehicles, not just one or two. Like I said I'd be perfectly ok with a $4k repair because I know I've saved over $8k already, so I'm $4k ahead.

 

But I guess a lot of folks only think about monthly payments and not total cost.

[chefduane]

Focusing on monthly payment and not the actual total cost is a car salesman's dream. A dream that way too many folks see turn into a nightmare if they were ever to see an amortization schedule of the actual total cost of an item (or service) financed. A finance guy can make manipulate term, rate, rebates, down payment from a trade, holdbacks, and a host of other parameters to meet a monthly payment that a buyer wants. That's why it's always best to negotiate OTD price FIRST, then discounts from that such as trade, rebates, etc. Then reveal any monies that you will use as a down payment. Most people don't do that and just focus monthly payment.

[RC Mike]

Insurance isn't always strictly an economic decision, even though it should be. With my van, I paid $1,500 for a lifetime bumper to bumper warranty with a $100 deductible. I've had about $1,100 in repairs made over the last 8 years, and paid $200 in deductibles. So I may or may not break even if I own it for another 5 years. It's been more reliable than I expected. It was the first year of a redesign, has a lot of electronic goodies, power options, and wiring. I was concerned about those things. It felt like a smart purchase, given my previous history with vehicles that seemed to suck down about $2k a year in repairs.

 

With the Edge, it's another collection of electronics and complexities. Might buy an extended warranty, depending on price/exclusions/duration.

[akirby]

Insurance isn't always strictly an economic decision, even though it should be. With my van, I paid $1,500 for a lifetime bumper to bumper warranty with a $100 deductible. I've had about $1,100 in repairs made over the last 8 years, and paid $200 in deductibles. So I may or may not break even if I own it for another 5 years. It's been more reliable than I expected. It was the first year of a redesign, has a lot of electronic goodies, power options, and wiring. I was concerned about those things. It felt like a smart purchase, given my previous history with vehicles that seemed to suck down about $2k a year in repairs.

 

With the Edge, it's another collection of electronics and complexities. Might buy an extended warranty, depending on price/exclusions/duration.

 

I failed to mention the gambling aspect. On any vehicle you can certainly choose to gamble that it might need more repairs than the cost of the warranty based on past history. And you might break even or even win big. Just understand that it's a gamble - no different than putting $1500 on the roulette wheel in Vegas. You might lose it all or you might win big. But if you play the game long enough the house will always win.

 

You should also always get the biggest deductible you can afford especially on car insurance. You'll save far more in premiums than you'll pay in deductibles unless you're causing several accidents per year, in which case you should take the bus or uber.

[rwf78155]

purchased mine from lombardford,com and it has already paid for itself.

[NoDTMF]

Oh hi,

 

I am enjoying this thread. I bought the 2017 Edge Sport no extra nothing. I bought a 2011 Hybrid escape with extra warranty. It expires in June and never used it.

 

But throw all that aside, I want to tune the Sport....so the whole "Void the Warranty" comes to question. Such a first world problem/consideration......

 

Oh, another thought...one should consider where you are in the refresh cycle...my 2011 Escape was very mature. If I bought a 2015 Edge, I think, since new overhaul, I would strongly consider the warranty. Assuming 2018 Edge has nothing new, I bet it would be a safe bet to avoid the extra warranty.

 

 

 

whatever...I still want to tune :-)

Edited May 13, 2017 by NoDTMF

[haedgy]

Honestly I think if you feel you want the extended warranty or service plan I say go for it. I am hoping not to fork out a big chunk of change on a car repair just before I take my family vacation or have an expensive repair I may need on my home, etc. It's not that I can't afford it. I look at it from a different view point... would you rather have the $ to spend on your vacation doing something fun or paying the mechanic to repair your car?

 

This topic has been discussed before. Some swear by it, others feel it's not worth it. Whatever point of view or argument you have, for or against, it simply boils down to personal choice. Ford has not proven it's reliability to me yet, so I purchased it.

 

Also my thought has always been you get insurance paying the whole way hoping you don't have to use it. If I do need it I'll rejoice in the fact that I have it. If I never use it then Ford can consider it a bonus for building such a fine piece of machinery!

 

I really enjoy my Edge and I enjoy it more knowing a major repair down the road won't mean a trip to the bank. I have only owned 5 cars my entire 50 years of life. I purchased a warranty on one it payed off! this is the second one I have purchased.

 

Actually there's a perfect example made in the posts of why people purchase these.

If someone freaked out about a $2k repair bill but could that by purchasing a $1500 warranty wouldn't that mean they are $500 ahead?

[RC Mike]

 

I failed to mention the gambling aspect. On any vehicle you can certainly choose to gamble that it might need more repairs than the cost of the warranty based on past history. And you might break even or even win big. Just understand that it's a gamble - no different than putting $1500 on the roulette wheel in Vegas. You might lose it all or you might win big. But if you play the game long enough the house will always win.

 

 

Try inverting that gambling analogy. It's a bet either way--do you go with the sure thing, which is the known cost of the extended warranty, or do you go with the uncertainty? Were the workers having a good day when the components were made, or did one of them have a blow-up with his wife about his chronic drinking the night before?

 

Either way, it's a gamble. Depends on how long you plan to keep the vehicle, too.

 

Modern cars are so much more reliable and better built than cars of yesterday. The inverse to that fact is that problems now tend to be more complex/expensive to diagnose and repair.

[chefduane]

You'd only be ahead $500 if you >actually< incurred a $2k repair bill. If that never happened, you'd still be $1500 behind.

 

I have purchased probably 8 or so new cars in my life and only once have I incurred a repair bill of $2k. $2300 in fact, for a warranteed 5r55e trans for my Explorer that eventually went 213k miles (and still is going for the new owner). $1500 ESP for 8 cars = $12k - $2300 major repair = $9700 not spent for not buying an ESP. Simplified example sure, but that is why I never buy an extended warranty. Overwhelmingly most of the time you'll never need it. But if you do, you do. I'll take the gamble and save the $12k for IF I have to spend $2300k of it and still am $9700 ahead.

 

But I agree that it basically comes down to personal choice.

 

ADDENDUM: Why do you think that car dealers/manufacturers/service plan companies OFFER Extended Service Plans? Because people need them all the time? No. Because people DON'T need them all the time. Sure, they will pay off a claim when someone files one. But for the one that files a service claim there are thousands that don't, and never will. That's why insurance companies make so much money - because the majority of people DON'T need the insurance they buy, but have been convinced by the insurance company that they do. Just MHO.

 

Of course, my example only is applicable to voluntary purchases of insurance and not insurance required by law.

Edited May 13, 2017 by chefduane

[haedgy]

True chefduane but just figured I would point out that the statement gave a perfect example of why some people purchase them.

As much as I hate to say it I have not either but over a period of time I did.

 

I have had a pretty good experience with purchasing a plan. The only other time I bought one it was for a used Nissan I purchased a warranty for $895. I had the car break down. The warranty covered towing to the dealer, the cost of repair, and the cost of my rental car for 3 days. Prices for that kind of work here aren't cheap. i know the repair was over what I paid. I had also used the warranty on one other occassion to me it was totally worth it. I think I spent a total of $50.00 I know the repairs totaled to over $1000.

 

I also had an Acura it was 1500 miles out of warranty the ECM went out on it, the bill would have been $1800 I would have had to pay that out of pocket, HOWEVER I was lucky the Acura rep for the area happened to be in the garage that day and said they would cover it. I was lucky on that one. Acura part at that time was 1200 bucks...

 

As I said at the end of my post if I don't have to use it yeaaahhh Ford can consider the 1500 a tip for building a great car. We already spend 25-45k on this vehicle. I think 1500 is a small percentage to have breakdown/repair protection. But as I said it boils down to personal choice. You either love it, hate it, or are on the fence.

[akirby]

Honestly I think if you feel you want the extended warranty or service plan I say go for it. I am hoping not to fork out a big chunk of change on a car repair just before I take my family vacation or have an expensive repair I may need on my home, etc. It's not that I can't afford it. I look at it from a different view point... would you rather have the $ to spend on your vacation doing something fun or paying the mechanic to repair your car?

 

 

 

Ah, but you're missing an important piece to that puzzle. If you take the $1500 you would have spent on the warranty and put it in the bank you'd be able to use that for the repair (at least a good portion of it) and still be able to pay for the vacation. And if you don't have any warranty repairs you can use that $1500 for a free vacation.

 

 

Actually there's a perfect example made in the posts of why people purchase these.

If someone freaked out about a $2k repair bill but could that by purchasing a $1500 warranty wouldn't that mean they are $500 ahead?

 

On THAT vehicle, yes. But that's not going to happen on every vehicle.

 

Try inverting that gambling analogy. It's a bet either way--do you go with the sure thing, which is the known cost of the extended warranty, or do you go with the uncertainty? Were the workers having a good day when the components were made, or did one of them have a blow-up with his wife about his chronic drinking the night before?

 

Either way, it's a gamble. Depends on how long you plan to keep the vehicle, too.

 

Modern cars are so much more reliable and better built than cars of yesterday. The inverse to that fact is that problems now tend to be more complex/expensive to diagnose and repair.

It's a bet either way, the difference is the odds are not in your favor if you bet the money. It's a simple question of odds and probability over time. For every policy that pays out $3k or more there are probably 5 or more that don't pay anything. If that wasn't true then they wouldn't sell the warranties.

[akirby]

The only point we're trying to make is that on average it will be cheaper to never buy an extended warranty of any kind on any product. If you don't care about individual repair or replacement cost.

 

If you want to gamble or are super risk averse or on a fixed income then get one but understand it's going to cost more in the long run.

[RC Mike]

There should be more thought put into it than a blanket generalization provides. The reliability of the product, the specific use case, etc.