Does it matter when you buy your extended warranty?

df4801 said:

always wonder why people actually post a response if they have no clue what they are blabbering about???

flood ford sells factory warranties only.

their prices are usually the best around and the warranty is transferable.

do you think if I sell my truck with 60k miles on it but it has a factory 100k warranty that I will get a premium price???

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Winchester30 said:

I like the “never heard of it but you’re wrong” opinions found on forums
(and life in general) frequently.

Great post.

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df4801 said:

always wonder why people actually post a response if they have no clue what they are blabbering about???

flood ford sells factory warranties only.

their prices are usually the best around and the warranty is transferable.

do you think if I sell my truck with 60k miles on it but it has a factory 100k warranty that I will get a premium price???

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Troutrad said:

Depending how young you are, this works really well if you’re compulsive about it:

I started a “car account” with money direct deposited out of my monthly check about 25 years ago. Enough to cover car payments and warranty that you’d usually pay for. After a time, basically you end up self insuring yourself. I had a Tundra with no issues for a LONG time, was paid off, so that account built up so much, that when my wife decided to surprise me, she wrote a check for the Raptor from that account this past November.

Did the same thing with dental. Never bought dental insurance but instead just saved the “premium” I would have paid for dental insurance. That account has 10’s of thousands in it now.

Downside is that if you get really unlucky particularly early on, you’ll take a hit. If you are modestly fortunate, and just keep at it, you’ll cover yourself, and then some!

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911 Crazy said:

Dave Ramsey? Is that you?

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Troutrad said:

Ha!! It’s a little roll of the dice early on but it’s really worth it. I’ve got kids I keep in wheels, my wife, and 3 vehicles of my own. So keeping what I call the “car account” (just a checking account only for new vehicle purchase and repairs) since I was young has kept me from ever having to finance a vehicle. I’m not a big fan of giving my money to someone else for nothing (finance charges/interest...). And yeah, and I pay my credit card off every month too.

Another little hint. Every time you have the option of buying a warranty for anything...particularly appliances, just put that money in a separate account instead of buying the warranty. Pay for repairs from the account. Same can be said for extended warranty on vehicles, but you gotta have a few of those that are pretty reliable...My kids have Hondas and my wife an Acura and I’ve had Toyotas...so in general pretty reliable. Bank accounts are flush with money from all those would be payments.

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Beinkounter said:

Ok, so I looked up Flood Ford, it looks like some middleman selling Ford ESP? Should be fine. The reason I never heard of it is because they don’t exist in the west coast, I went directly to Ford’s website to lookup warranties. But if you want to go through a middleman to get your warranty go for it. Point being, avoid aftermarket warranties if you can.

if you don’t mind aftermarket warranties, go for that too. Just be prepared to haggle with them every time you have a repair.

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