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To extend my warranty or not... That is the question

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To extend my warranty or not... That is the question

Old 05-18-2010, 11:53 AM
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Default To extend my warranty or not... That is the question

I bought a used 2007 Mercury Mountaineer with 32K miles and have to decide it I want to buy an extended warranty or not within the next 4000 miles. Looks like around $1400 for 4 years/48,000 miles extra. It does have a powertrain warranty until 5y/60,000 miles. Decisions, decisions...
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Old 05-18-2010, 01:13 PM
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Being domestic, I'd consider it. Shop around though...you can buy a Ford warranty from somebody other than the dealer you bought the truck from and some dealers deal more than others in the warranty dept.
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Old 05-18-2010, 03:23 PM
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I would, they made no money on me. I had a major HVAC repair (dash out etc) at 55K. Would have been 1200$+ if I had not bought an extended warranty. Buy a genuine Ford plan and shop around as suggested. Any dealer can sell them, some do so online.

Edit- Could be confusing if it has the certified used 5/60 powertrain since you'll be paying twice for the same coverage. If it is really a total of 7/84, 1400 is not too bad honestly.
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Old 05-18-2010, 03:35 PM
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Would you be paying $1,400 to go from 3 yrs/36,000 miles to 4 yrs/48,000 miles? Is the Mountaineer running well now? Do you drive it under normal conditions?

If all yes, I would not buy.
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Old 05-18-2010, 04:02 PM
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No.
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Old 05-18-2010, 04:33 PM
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The warranty is from Ford but it from an online Ford dealer. The $1400 plan from them costs $2200 at the dealer down the road from me.

The plan would add another 4 years and 48,000 miles from now. So I'd be under warranty till 2014 and about 80,000 miles.
Its running great now. I tow my boat (around 5000lbs) about 800 miles a year.
Thanks for all your advice.
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Old 05-18-2010, 04:46 PM
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I would, one AC issue will eat that up.... (be sure it covers AC problems)
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Old 05-18-2010, 05:01 PM
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The extra 48K miles will take you up to 80K. I think it is well worth it if you plan to keep the vehicle that long. As Cracker said, A/C work will cost close to that much. Check if it includes things like door lock actuators, power window motors, etc. That stuff all adds up. You could also check the forums at Edmunds dot com and see if there have been other consistent problems with that model. That may give you an idea of what future issues might arise. You amy alos want to check to see if there are any towing exclusions.
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Old 05-18-2010, 05:23 PM
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Originally Posted by Pierless View Post
Would you be paying $1,400 to go from 3 yrs/36,000 miles to 4 yrs/48,000 miles? Is the Mountaineer running well now? Do you drive it under normal conditions?

If all yes, I would not buy.
$1,400 to add 4 yrs and 48,000 miles is a good deal.
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Old 05-18-2010, 05:25 PM
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The 2006+ Explorer/Mountaineer is pretty reliable. Even anti-American consumer reports gives it an Average rating!
Anyway, the PremiumCare warranty covers over 500 parts. Its pretty much a bumper to bumper plan. $1400 with a $100 deductible per incident.
I plan on keeping the car for about 5 years. I typically think about new vehicles when they hit 100,000 miles.
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Old 05-18-2010, 06:20 PM
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They wouldn't sell it if they didn't make money from it. If they make money, it means you didn't. I will never buy an extended warranty unless it's free. If I wre to add up all of the money saved over the years from never throwing away money on one, it would easily pay for anything the extended warranty MIGHT have covered. $100 deductible? So when the door window switch goes and they replace the $75 part, even if they cover it, it still doesn't make the deductible.

Take the $1400 and stick it in a savings account, and if something happens during the time they would have covered it, take some out. If the extended warranty generally paid for itself, they couldn't offer it as they would be losing money. It's a huge money maker for them. Think about it.
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Old 05-18-2010, 06:59 PM
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Originally Posted by jobowker View Post
They wouldn't sell it if they didn't make money from it. If they make money, it means you didn't. I will never buy an extended warranty unless it's free. If I wre to add up all of the money saved over the years from never throwing away money on one, it would easily pay for anything the extended warranty MIGHT have covered. $100 deductible? So when the door window switch goes and they replace the $75 part, even if they cover it, it still doesn't make the deductible.

Take the $1400 and stick it in a savings account, and if something happens during the time they would have covered it, take some out. If the extended warranty generally paid for itself, they couldn't offer it as they would be losing money. It's a huge money maker for them. Think about it.

While they still make money off of a warranty, I would still get it for $1400.00. They make money because the parts cost you more than it cost them. Towing your boat adds strain to the tranny as well. One A/C problem or power train after that 60k would not work out so great. I have the extended warranty on my current truck and while I haven't had anything major happen, I have had multiple small things (steering wheel radio control lights, rear controls, window switch, etc...). I just let a few things build up and pay my $100.00 one time and let everything get fixed at one time. There is some piece of mind knowing that the most you will get hit with is the $100.00 because if you take the $1400.00 and stick it away, it will only take a few small things to drain that.
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Old 05-18-2010, 07:16 PM
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Originally Posted by paulyjsob View Post
The 2006+ Explorer/Mountaineer is pretty reliable. Even anti-American consumer reports gives it an Average rating!
Anyway, the PremiumCare warranty covers over 500 parts. Its pretty much a bumper to bumper plan. $1400 with a $100 deductible per incident.
I plan on keeping the car for about 5 years. I typically think about new vehicles when they hit 100,000 miles.
Make sure you read that list of coverage a few times. The GF and I both bought extended warranties for our current vehicles (and both have about a year to go on them) and the couple of failures we've both had out of warranty were NOT covered - just a couple of $100-200ish repairs.

I'm assuming a transmission or A/C failure before the warranties end to get my money back on them.

Overall though $1400 for 4 more years does sound like it's worth doing, if you think you'll keep the truck that long. I actually wish I had extended my warranty a year longer than I did, as it is good peace of mind and I am probably going to own the truck for a year or so more than expected.
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Old 05-18-2010, 09:23 PM
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I already gave you my input, and I own the same vehicle.

I did not realize you were going to use it as your tow vehicle, ours is not used for that. I would definitely buy the Ford ESP plan. I have to think you can get the $100 deductible coverage to 75 or 90K for around $1200.
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Old 05-19-2010, 04:42 AM
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sprockets hit the critical question..just WHAT is covered. Engines rarely if ever fail. It's a/c, power window motors, electrical stuff that eats a hole in yer wallet.
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Old 05-19-2010, 05:08 AM
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The Premium coverage for $1400 covers everything.. Radio, door controls, A/C, shifter knob, etc.
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Old 05-19-2010, 03:32 PM
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I ended up getting another $100 off. So I went for it.
Piece of mind I guess.

Thanks for all your input!
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