Apex protection plan

[Rah150]

I did a search and found nothing on here on this.

When I bought my 2023 F150 Powerboost new from a major dealer, this apex protection plan is what they offered for ‘extended warranty.’

Did I get scammed or is this legitimate?
Anyone else have this?

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[Eskram]

Never heard of them. The dealer probably gets a nice kickback from the company from pushing them though.

Not sure if possible at this point, but might be worth looking to seeing if you can cancel/get your money back on it and go with a Ford Protect plan.

 

[Buyer2021]

From the Apex FAQ page:

Is there a money-back guarantee?​

Yes! Each Apex Protection Plan Mechanical Breakdown Service Contract has a 30-day money-back guarantee (providing there are no claims). After 30 days, upon your written request, Apex Protection Plan will refund the pro-rata, unused portion of your warranty minus any claims that have been paid. There is a $50 cancellation fee that applies if the Apex Protection Plan is cancelled after 30 days.*​

*Some exclusions may apply. See your contract for details.​

​

Personally, I'd pay to cancel Apex ASAP and contact Grainger Ford to get a Genuine Ford ESP.

 

[Juiceman_210]

From the Apex FAQ page:

Is there a money-back guarantee?​

Yes! Each Apex Protection Plan Mechanical Breakdown Service Contract has a 30-day money-back guarantee (providing there are no claims). After 30 days, upon your written request, Apex Protection Plan will refund the pro-rata, unused portion of your warranty minus any claims that have been paid. There is a $50 cancellation fee that applies if the Apex Protection Plan is cancelled after 30 days.*​

*Some exclusions may apply. See your contract for details.​

​

Personally, I'd pay cancel Apex ASAP and contact Grainger Ford to get a Genuine Ford ESP.

Second the Grainger option. I have it as well. Seamless process.

 

[Rah150]

It’s weird that a ford dealership isn’t required to sell ford warranty. Unless ford knows they get a ton of claims and they lose money on it…

 

[HammaMan]

This is a $$ making scheme, get the ford ESP for only cost+$50 and use it any dealer like the ford warranty.

 

[fordtruckman2003]

Get with Granger and FYI you can get ESP anytime before 36k easily so you have time to wait for refund from that "other" warranty.

 

[fordtruckman2003]

It’s weird that a ford dealership isn’t required to sell ford warranty. Unless ford knows they get a ton of claims and they lose money on it…

Tried to pull same on me I waited out his speech it wasn't looking right then I asked who the warranty is through. I've had ESP on 3 trucks keep them decade or so. Worth it to me.

 

[HammaMan]

Tried to pull same on me I waited out his speech it wasn't looking right then I asked who the warranty is through. I've had ESP on 3 trucks keep them decade or so. Worth it to me.

I bought 4 vehicles over the last 18 months, none of the negotiating was done in person. The final paperwork was done before I arrived at the dealer if they didn't deliver me the vehicle. No warranties, no nonsense, one had "documentation" fees and I got them to throw in $500 worth of accessories as I told them quite plainly I cannot pay extortion fees, it's the cost of doing business.

 

[Buyer2021]

It’s weird that a ford dealership isn’t required to sell ford warranty. Unless ford knows they get a ton of claims and they lose money on it…

Dealers are independent franchises with an extensive and effective trade association / lobbying network. As a result, Ford's ability to dictate dealer activities is limited by law in most states, particularly when it comes to selling 3rd-party add-ons and 'warranties' which are highly profitable for dealers (products with a higher dealer markup / profit margin than competing Ford branded products).

That has nothing to do with the certain profitability for Ford of Ford's own 'extended warranty' business.

 

[HammaMan]

Dealers are independent franchises with an extensive and effective trade association / lobbying network. As a result, Ford's ability to dictate dealer activities is limited by law in most states, particularly when it comes to selling 3rd-party add-ons and 'warranties' which are highly profitable for dealers (products with a higher dealer markup / profit margin than competing, though rarely comparable, Ford branded products).

That has nothing to do with the certain profitability for Ford of Ford's own 'extended warranty' business.

Dealers make more than ford using all of their gimmicks.

 

[Kodiak]

As others have said. Get your money back and get the real thing from Granger or some others. Granger would be my call and that is where I got mine (and my truck).

 

[Eskram]

Generally, most of a dealer's profit is made in the finance office vs. profit from the vehicle itself.

Source: 10 years in the industry doing dev for dealership software.

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