I was thinking the same thing, so far as I read it they do not require maintenance to be done by their dealership. Im going to read a few more times to see if I can find something.
You're baldly ignoring what I said and taking it out of context. How about this, put it into a Series I Savings Bond. Returns are at around 7%, and will increase to about 9% here shortly (we know this because it is tied to inflation figures already reported). Can be canceled after 12 months for a 3-month interest penalty if the return drops. Leaving you, after 12 months, a 6% gain guaranteed. There are many different vehicles, with different risks, that a person can invest in if they don't want it sitting in a bank. But it all comes down to something you ignore time and time again, the profit margin on these extended vehicle warranties is 79%. Meaning that for every $1,000 of warranty a dealer sells, they ultimately make $790 in profit. Those profit margins are insane, and exist because the product is not, as a whole, a benefit to the consumer in the uber-majority of cases.
That's the quote I got for a $200 ded. Wonder if Granger increased their prices already.
I’ve got a 2dr… maybe slight difference..
I've cancelled a warranty in the past and you just cancel it and whatever you paid for it they send the money directly to your loan provider if you financed typically
They charged and extra 500 because dealers supposedly don't make anything on the ford extended warranty least that's the story they told me. I wanted the warranty as it's a first model year and there are going to be tons of issues. Just got back from the off-roadeo in Vegas and 2 of the 7 broncos in my group broke down. I bet replacement of the 12" screen along would cover the cost of the warranty. I would have been better of to buy the warranty after the purchase though. I would do what other suggest and cancel then buy direct from Ford and save 500. This is the first time I've ever bought and extended warranty with all the electronics you will probably wish you had the warranty if you don't get. I have already had to have the complete stay bar disconnect replaced on my Bronco and it's never seen the dirt, but of course is still under the regular warranty and will be for many years, but once standard warranty is gone it's good to know I'm still covered for a few extra years. If you don't plan to have the Bronco past the life of the standard warranty don't buy the extended.
Walking away is the smart move here for you. Especially as that's the entire point of my post - that there's many different risk and investment options, all of which perform better than a warranty for nearly all car purchasers.
Well, that's not fair. You don't have people calling you telling you that all is well. All you know are those experiences with people that need the warranty. I'm not arguing getting a warranty, but it's not as dire as you make it out to be.
I was just quoted $1950 for 8yrs/100k with $100. How do you rate?
It'd be interesting to see more data on this, as some third parties sell warranties that require $200-$400/month for years, which amounts to over $10,000 in payments and would yield a profit margin of several hundred percent.
