Extended warranty - Brightline Dealer Advisors

[broncoaz]

I hate the "What If" logic the dealer F&I guys pitch. They try to sell replacement key fob insurance, door dent insurance, VIN etching on the glass, Flat Tire service, nitrogen tire fill ups. glorified $1,000 car wax, overpriced gap insurance, etc.

The only value an extended warranty (AKA ESP) would have for me is it would give my wife a sense of security if anything goes wrong. It's really not a warranty, it is insurance. That is why you can't buy a policy in Florida at discount internet dealers. Florida classifies ESPs as insurance policies and to sell them you must be licensed in Florida to sell them.

It's just like Life Insurance. It should be called death insurance. You are betting that you will die early. If they called it what it actually is, "Death Insurance" no one would buy it. That is a bet you don't want to win. When you buy an ESP you are betting that your car/truck will have significant break downs after the factory warranty ends that will exceed the thousands of dollars you paid to get the policy.

BTW, it's not n=1 for me it's n=4.

If I were to buy a 7yr/125k mile Ford ESP at a discounted price, it would cost $6,500 for just my 2 Ford trucks.

The finance people at the dealerships are horrible. They have told me before that they are expected to show a profit from their department by upselling. Sometimes it’s add on crap, other times they try and mark up the rate.

I usually buy 8/100K and $50 deductible warranties for mine. The one on my Bronco was $1955. I think my 2022 Lightning Pro was about $2400 at the time. Yes, it’s insurance. It’s up to the individual to decide if it’s worth it to spend the money for piece of mind.

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[HOTAS]

The finance people at the dealerships are horrible.

I usually buy 8/100K and $50 deductible warranties for mine. The one on my Bronco was $1955. I think my 2022 Lightning Pro was about $2400 at the time. Yes, it’s insurance. It’s up to the individual to decide if it’s worth it to spend the money for piece of mind.

Just a reminder, the FORD extended warranty can be bought online for about $750,
at anytime during the basic warranty period. These are huge profit centers for selling dealer.
NEVER NEVER NEVER buy 3rd party warranties

 

[StevenC56]

Just a reminder, the FORD extended warranty can be bought online for about $750,
at anytime during the basic warranty period. These are huge profit centers for selling dealer.
NEVER NEVER NEVER buy 3rd party warranties

$750? For which level Ford warranty, length, mileage and deductible on the plan?

 

[Maxx]

It's just like Life Insurance. It should be called death insurance. You are betting that you will die early.

I get these marketing calls that want me to get life insurance on trial bases to see if I like it. I thought I may take it for a test drive on a skydiving trip. Of course if I go splat and my spirit try to collect, I wouldn't be surprised if there is a line somewhere stating since my body bounced less than 4 times, they won't cover it. The way I see it trying to understand the policy and deal with claim often takes away the piece of mind you were looking for to begin with. Both death and accidents are unpleasant. Deal with it when it happens and don't make your life unpleasant too early dealing with warranty and insurance you can afford not to have. Unless yo are like @StevenC56 and already at peace with paying protection money to warranty mafia.

 

[broncoaz]

Just a reminder, the FORD extended warranty can be bought online for about $750,
at anytime during the basic warranty period. These are huge profit centers for selling dealer.
NEVER NEVER NEVER buy 3rd party warranties

You are correct that the warranty is cheaper somewhere other than the dealer, but not for $750 unless you want 4 years and 48K miles. Here is the price list from Flood Ford, they are usually $50 more than Granger. I usually go 8/100K, so $2320 plus the LED light coverage.

 

[astrand1]

I got my Lightning a little over a month ago and purchased an extended warranty from Brightline. Normally, I never sign up for things like this, but this big, beautiful, expensive, high-tech truck got me a little paranoid. Now I'm having second thoughts and considering canceling it. What are everyone's thoughts? Should I keep this extended warranty or cancel it?

Cancel that thing now! Go get a real Ford ESP warranty from Granger or one of the other usual suspects that sells ford warranties for cheap.

 

[StevenC56]

I get these marketing calls that want me to get life insurance on trial bases to see if I like it. I thought I may take it for a test drive on a skydiving trip. Of course if I go splat and my spirit try to collect, I wouldn't be surprised if there is a line somewhere stating since my body bounced less than 4 times, they won't cover it. The way I see it trying to understand the policy and deal with claim often takes away the piece of mind you were looking for to begin with. Both death and accidents are unpleasant. Deal with it when it happens and don't make your life unpleasant too early dealing with warranty and insurance you can afford not to have. Unless yo are like @StevenC56 and already at peace with paying protection money to warranty mafia.

We rarely if ever buy extended warranties on anything other than our vehicles. We keep our vehicles for 8-10 years, and there's just too many electronic components on these new models. Other stuff I can fix myself within reason. Fixing a Dishwasher at the moment. $50 in parts and my labor.

 

[Maxx]

We rarely if ever buy extended warranties on anything other than our vehicles. We keep our vehicles for 8-10 years, and there's just too many electronic components on these new models. Other stuff I can fix myself within reason. Fixing a Dishwasher at the moment. $50 in parts and my labor.

My last truck was 20 years old and still running when I sold it. Frankly if there was battery pack/bms part and labor coverage for 20 years for reasonable price, I could be tempted. Anything else, we should compare notes in 8-10 years. By the time this truck becomes too expensive to fix, if Chinese affordable cars are not here yet, I may just move to a European city and commute with a bicycle. Car ownership is not making much sense anymore.

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