Does anyone have any info on this? I am signing my order papers on Thursday, and I forgot to inquire about the extended warranty?

What is the basic warranty? 3 yr./36,000 mi?
Thanks



Moderated Post

 

I personally would never buy an extended warranty from the dealer. They charge way to much for it (>50% markup), and it is cheaper from outside sources. I've never purchased one, so I can't recommend who to buy one from. None of the consumer magazines recommend purchasing one either, but I'm sure you will find stories of people who've benefited from having one.

The basic warranty on the Mustang is what you mentioned, 3 years bumper to bumper or 36,000 miles, just like most vehicles. So, if you did purchase the extended warranty, you wouldn't need it for this period.

 

Here is one thread regarding this topic.

Warranty Thread

I think I remember another. There did seem to be a good mix of people who like it and don't. I think most insurance companies offer the extended warranty as well. I know Gieco does. You don't have to buy it as you buy the car. Check around.

Another person said, wait until the original/basic 3 year warranty is up. By then you can tell if you will have problems.

 

WOW...I read the attached post, and I had no idea the extended warranty was so expensive.

I got one when I bought my 1988 Escort GT, and I thought it came in handy. Of course, I was in College and I did a lot of driving home most weekends.



Moderated Post

 

I remember when I was buying another car (I won't mention names), the finance guy kept buggin me to buy the warranty. He even tried to tell me to buy it now. If I don't use it at all, then when the warranty is up, I will get my money back.

I did not buy that. Why would they give the money back? Can you imagine you insurance comapny giving you money back if you never got in an accident? HAHA! But yeah, that one was about $1500 - 1700 back in 2001.

 

I do believe that bit about getting your money back if you didn't use the extended warranty coverge might be politely referred to as a falsehood.

An obfuscation.

Verbal tapdancing.

A profoundly horrifying admission of ignorance. :clown:

Verbal presumption you were born yesterday.

An outright naughty naughty lie.

You could, of course,

 

That's ptretty funny. I did not , I just laughed and told him, "you will not get me to buy a warranty no matter what sales pitch you use." After a couple more pitches, he gave up.

 

They do always push those on you. When you sit down with the finance guy, and he tells you your monthly payment, he doesn't mentioned that the price also includes every possible warranty and crap. They try to sneak it in. That is why I wanted to ask about it ahead of time, and see if it is something I should get or not.



Moderated Post

 

3/36? That's it? I thought most major manufacturers were offering at least 5 year warranties these days?

 

I'm a firm believer in not buying an extended warranty for anything. Cars, electronics, whatever.

Someone once put it to me this way. If you are paying $1000.00 for a warranty, that is the same as betting $1000.00 that something that costs more than $1000.00 is going to break.

I'm not a betting man, so I took that one to heart.

 

That's a very good way of looking at it

 

I've lost that bet too many times....I'll be buying an extended warranty. Even if I lose in the end, its worth my sanity. There's something to be said for handing over the keys and saying "Just fix it".

 

Too bad when your car's under warranty, all they'll fix are things that throw codes to the computer. But maybe that's just here in the northeast - where nobody knows how to fix a car anymore.

 

I will also be getting an extended warranty....

The last vehicle I bought (03 Yukon XL) I had prices from a couple of
on-line sources and the dealer beat them.... but only after I asked him
how much and he was 2X higher then the sources on-line... He then
backed down and gave me cheaper $$ then on-line....

Just be prepared with $$ from the on-line resources....

one of them is www.warrantydirect.com
there are others but watch out for the FAKE/unreliable ones..
DO ALOT OF CHECKING BEFORE BUYING THIS ONLINE!

Mustang 05 V6... current mileage = 100 miles

MajorCare - Our most affordable coverage
Years/Miles* $100 Deductible $0 Deductible
6 Years / 100,000 Miles $778 $978

SecureCare Plus - Our best level of coverage
Terms/Miles* Deductible $0 $50 $100 $200
5 Years / 125,000 N/A $1,645 $1,420 $1,170

(I'll be driving my Pony ~40K miles / year..... with 125K I get 3 years)

Good Luck!

 

Or a bunch of little things that add up to over $1000.

I worked retail for a while, and let me tell you, lots and lots of companies make garbage electronic products and then, when you have a problem, don't do a darn thing to help you. I'm paying $25,500 or so for my car, so $2,500 or so would be the highest I would go. 10% of the price for the piece of mind is well worth it.

Also, extended warranties add greatly to the value (resale and otherwise) of the item.

 

Ford did have a program called "signature assurance" which did refund your money if you never made a claim. The problem was if you had a $400 repair you didn't want to claim it because you wanted your money back at the end. The warranties are a crap shoot. If you can buy one at a fair price they may be worth it. I would be more apt to buy one on a brand new vehicle like this than an established platform. You should be able to buy one for 10-15% off of Ford's list price.

If you can afford to self insure, take the risk. If you can't afford the downside risk, buy the warranty.

 

By the way, here is fords site with the different plans:

http://www.genuineflmservice.com/default.asp?page=H1

 

Well I'll use myself for an example.

I have a 2 1/2 yr old SVT Focus with 53K miles on it. I had two intakes and 2 DSI cables break on the car. My warrenty was out as of last spring. You can't tell me that you can figure out what will go wrong with a car after a year and half of ownership, since I just got done dumping $900 for a new clutch install and now the ABS sensor is $%&#ed up on the car now. I've had a host of other problems with the car too both minor and major. My advice is to wait a year or two for them to fix the problems and then buy it and you prob never need the extented warrenty. Personally I rather fix the car myself, but some situations like replacing a clutch is out of my hands.


Extented warrenties are pure profit for the dealer/store selling the item. I know when I interviewed with Compusa they made sure to impress that fact on to you since thats where most of their profits came from...not from selling hardware that had barely a markup on it due to compitiotion. If you think about it about 10 years ago most electronics companies offered a 3 year warrenty on their items...no longer due to the stores pressuring them to stop that so they could sell extented warrenties. Anyway after 3 years of ownership you can get most electronic items for half their value that you bought them at.

 

Another way to look at it is, take the $1500 or what ever it would cost and put it in a side account for repairs. Gain what little interest available. Since the free warranty last 3yr/36000miles, you won't need to touch that initial deposit. So if you don't need any repairs, you have the $1500 plus what ever interest you got. Heck, if you wanted, you could use that as a down payment on your next car.

 

What is Corrosion Perforation? It is listed as under warranty for 60 months for the mustang.