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My car just arrived at @Granger Ford and now I need to decide which warranty I should go with, if any.
This is only for the PREMIUM CARE ESP WITH $100 deductible as of 3/22/23.
I did a cost per mile analysis for each option in the table to find out what would be the best bang for the buck. I hope this will help others make an informed decision.
Here's a breakdown of the cost per mile for each option, calculated as (Price / (Miles * Years)):
Considering that most modern cars are built to last at least 100,000 miles without significant issues, it's reasonable to assume that the probability of encountering problems increases beyond the 100,000-mile mark. With that in mind, I chose a plan that offers coverage up to the 100,000-mile range.
Looking back at the cost per mile breakdown, the following options are close to the 100,000-mile range:
I hope this helps others in selecting which warranty to chose.
This is only for the PREMIUM CARE ESP WITH $100 deductible as of 3/22/23.
I did a cost per mile analysis for each option in the table to find out what would be the best bang for the buck. I hope this will help others make an informed decision.
MILES/YEARS | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
36,000 | - | $380 | $410 | $435 | $525 | $600 | $685 | $785 |
48,000 | $475 | $505 | $530 | $590 | $745 | $850 | $975 | $1,120 |
60,000 | $550 | $585 | $620 | $695 | $895 | $1,030 | $1,185 | $1,365 |
75,000 | $720 | $780 | $840 | $955 | $1,275 | $1,470 | $1,695 | $1,955 |
85,000 | $940 | $1,010 | $1,085 | $1,230 | $1,480 | $1,700 | $1,950 | $2,240 |
100,000 | $1,070 | $1,110 | $1,165 | $1,275 | $1,420 | $1,640 | $1,900 | $2,200 |
125,000 | $1,410 | $1,460 | $1,540 | $1,690 | $2,020 | $2,340 | $2,710 | $3,140 |
150,000 | $2,105 | $2,180 | $2,295 | $2,520 | $3,020 | $3,500 | $4,055 | $4,695 |
175,000 | $2,510 | $2,600 | $2,740 | $3,015 | $3,615 | $4,195 | $4,865 | $5,635 |
Here's a breakdown of the cost per mile for each option, calculated as (Price / (Miles * Years)):
Considering that most modern cars are built to last at least 100,000 miles without significant issues, it's reasonable to assume that the probability of encountering problems increases beyond the 100,000-mile mark. With that in mind, I chose a plan that offers coverage up to the 100,000-mile range.
Looking back at the cost per mile breakdown, the following options are close to the 100,000-mile range:
- 60,000 miles / 6 years: $0.0019 per mile
- 75,000 miles / 7 years: $0.0030 per mile
- 85,000 miles / 7 years: $0.0029 per mile
- 100,000 miles / 7 years: $0.0020 per mile
I hope this helps others in selecting which warranty to chose.
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