Ford Protect extended warranty

[RickBullotta]

If I did an ESP on a new truck, I'd definitely go with the "official" extended warranty. That's what I did on my 2021 Powerboost also. On used cars, different story. We bought a couple from CarSense over the years and purchased the warranty from them - it was actually quite painless when we had issues, and often they had the OEM dealer do the work and reimbursed us.

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[SgtBFGunner]

Ford's extended warranty has always coincided with their 3/36k factory warranty and then thereafter.

That was my understanding. So I assumed there would be no financial liability until I was in the extended warranty period. I am not, yet. I was still at under 3 years, original factory warranty. So apparently you are charged for the first three years. Each year of the 6 years (even though you can't use it yet) you are charged.

 

[SgtBFGunner]

Just a couple of things here.

If you do not plan on keeping a vehicle longer than 5 or 6 years, it will probably be a waste of money for any ESP. Probably.

Ford ESP will refund some money for a prorated amount if you cancel it, but it will never be a situation where you say "I did not use it so I want most, if not all of it back". Yours was 6 years and the truck was a 2021 so actually I was surprised they gave you half back. MY 2025's are right around the corner.

If you bought an ESP (any ESP) from the dealer and not a discount broker of ESP's (Granger, Ziegler, etc) you will probably get raked over the coals, especially if it is not an official manufacturer ESP and is some 3rd party ESP. ESP's are always cash grabs, unless you need it. That is the flip of the coin. Homeowners insurance is also a cash grab waste of money unless your house burns down, then you are glad you had it. It is your comfort level with risk you are paying for.

IMHO I would contact the dealer and terminate that 3rd party ESP and contact Granger about an official Ford ESP. But again, if you plan to get rid of this new 2024 in 4, 5, 6 years, then you are probably better off keeping your money.

Good luck with the 2024!

Every time I buy a new F150 my intent is to hod onto it long term, but so far they have all been not worthy. And best course was to trade them in while I could and get best return. Though buying new, etc., is messy financially and not a very fiscally responsible process. (But that could be argued if you could hold onto it long term.) Like I said elsewhere, my buddies joke I'm having issues keeping an F150 because it's a Ford. Can't imagine any other brand truck (shame on me!), probably everyone else here feels similarly.

 

[SgtBFGunner]

I find it is helpful to look all insurance, especially extended warranties, as bets with Insurance companies and they have the advantage and always will.

They have teams of accountants and lawyers, who draw up, price and defend these bets and a couple thousand years of experience.

Its not an evil scheme, its just the way insurance works.

They're betting they can sell enough policies, at less than potential full payout, while getting the money in advance and reinvest it, keeping those gains, before they have to payout any back to you.

It is a competitive business. It is also highly regulated. Both of those help to work to the consumer's advantage.

I haven't decided what I'll do but whatever it is, will almost certainly be through Granger and won't be too soon.

Yup. Researching would be a great idea. But you're in the Finance guy's office cranking out the deal on your new truck. I did get $8k off and no premium for being on the lot, unlike previous years. I was happy. Plus I got my 5.0, 36 gallon gas tank, dual exhaust and max towing package back, along with a bunch of other stuff (still an XLT), I was very happy.

 

[SgtBFGunner]

It would be nice if they clarified a bit better on the time periods of the warranty. I guess when bought at day one an 8 year extended warranty makes sense as to how it’s added but in my case I bought my warranty at the end of the factory warranty period. I had to keep reminding myself I was buying a “5 year” warranty that added up to 8 years as I bought the truck used

Yes. And I am assuming that buying it at the end of the factory warranty period cost more than if purchased at time of original purchase. That's the only incentive to buy it up front.

 

[SgtBFGunner]

You can purchase from here: https://grangerfordextendedwarranty.com/ I did this about 4 months after taking delivery, it was very smooth, basically bought it online, had the contract within a couple hours. I was on the fence about it, I have had some weird electrical gremlins out of the gate and figured for the minimal cost I would pick it up to ensure everything is covered.

That's why I made sure I had my wiz bang new first year 2021 F150 Powerboost Hybrid covered by extended warranty. If something failed after the manufacturers warranty, costs could be insane. Got cold feet about hanging on to the Powerboost for a long time and traded it in at peak trade time, 3 years (up for opinions obviously).

 

[SgtBFGunner]

The ESP is bought for the VIN of your truck and that is Ford extending the warranties until you cancel it, or it expires. It follows the vehicle regardless of who you bought it from and is covered by any Ford dealerships service department.

It just needs to be transferred for a small fee I believe. Or you get a refund of time left. As in my case, 6 year warranty, 3 years later get 3 years worth (50%) back.

 

[SgtBFGunner]

Ford recommends giving a loaner during the 3 36 but it's subject to 'availably'.. Most dealer's are good about it but not all. The Enhanced first day rental option on a ESP really protects you if your truck has problems. I decided on that and getting one period because I'm buying from Granger and not a local dealer. I will have just one vehicle and must have one to drive no matter what issues happen if the new truck needs work.

Any dealers are "busy" too! I brought mine in, scheduled, becaise it needed a forced update because it would not update on it's own. It was going to take 3 hours. I call at the end of my work day to see how its going and if I could come get my truck, they hadn't even looked at it yet because there were trucks left over needing work from the day before. Unbelievable.
They finally say its ready and I go pick it up. They tell me that my truck actually didn't need any update. My reverse camera button still didn't work (which was in the latest update).

 

[SgtBFGunner]

I am curious what the cancellation clause is on the off brand extended warranty is, does it really have better terms for cancellation?

I have 60 days from purchase to cancel for 100% refund minus a $50 processing fee... We'll see how that goes. It's been less than 30 days.

 

[UGADawg96]

Based on everything I've read on this site for the last three years and as someone who has never previously bought an extended warranty in 33 years of owning vehicles, nor owned a Ford before this one, I did get one on my 2021 PB and it was the Ford ESP Premium Care. I'm thinking about buying a 2025 Explorer ST and I'll likely buy the ESP again, but probably up the deductible from $0 to $100. I don't think I'd ever get a non-Ford warranty. But that's all based on the volume of feedback from those on this site and the last three years of personal experience as well. Ymmv.

 

[bdginmo]

Relevant...Granger Ford did an analysis of the Ford Protect payouts at their dealership.

https://www.ranger6g.com/forum/thre...ended-warranty-help-you-beat-inflation.10398/

 

[fmdog44]

Good read from the Car Pro
Are Extended Vehicle Warranties A Good Investment? (carpro.com)

 

[Kodiak]

Relevant...Granger Ford did an analysis of the Ford Protect payouts at their dealership.

https://www.ranger6g.com/forum/thre...ended-warranty-help-you-beat-inflation.10398/

That was a good little analysis. Thanks for finding that and posting it over here.

 

[UGADawg96]

They posted it here as well. https://www.f150gen14.com/forum/thr...ended-warranty-help-you-beat-inflation.24540/

 

[redduke916]

I find it is helpful to look all insurance, especially extended warranties, as bets with Insurance companies and they have the advantage and always will.

They have teams of accountants and lawyers, who draw up, price and defend these bets and a couple thousand years of experience.

Its not an evil scheme, its just the way insurance works.

They're betting they can sell enough policies, at less than potential full payout, while getting the money in advance and reinvest it, keeping those gains, before they have to payout any back to you.

It is a competitive business. It is also highly regulated. Both of those help to work to the consumer's advantage.

I haven't decided what I'll do but whatever it is, will almost certainly be through Granger and won't be too soon.

The sad part is that when they are wrong, the regulators are there to make them right. Case in point was long term care insurance. When it first came out, they miscalculated terribly. What did the regulators do? They allowed them to “re-negotiate” all those contracts. The policy holders were told they either had to pay more premium for the same coverage OR reduce their coverage. So it’s not a fair bet.

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