Extended Warranty

[Al Carter]

I'm coming up on a year with my wonderful 2025 Maverick Hybred AWD Lariat. I normally don't purchase "extended warranties", but there is a lot to go wrong with this machine. Any thoughts?

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[Carlitos_92]

https://www.mavericktruckclub.com/forum/threads/extended-warranty.76320/
https://www.mavericktruckclub.com/forum/threads/extended-warranty.75519/
https://www.mavericktruckclub.com/forum/threads/anyone-buying-extended-warranty.71003/
https://www.mavericktruckclub.com/forum/threads/extended-warranty.70837/

 

[Suzukiridr14]

I'm coming up on a year with my wonderful 2025 Maverick Hybred AWD Lariat. I normally don't purchase "extended warranties", but there is a lot to go wrong with this machine. Any thoughts?

Get one from Granger. The longer you wait, the more you will pay. Go for a 10 year warranty which is transferable to the next owner, so if you sell your truck in 7 years, (that's what I'm doing) the next owner has the same 3 year warranty that you had when you bought your truck new. If you trade in, you get a refund for the remaining time left on thr warranty.

 

[pigsareus]

Get one from Granger. The longer you wait, the more you will pay. Go for a 10 year warranty which is transferable to the next owner, so if you sell your truck in 7 years, (that's what I'm doing) the next owner has the same 3 year warranty that you had when you bought your truck new. If you trade in, you get a refund for the remaining time left on thr warranty.

100 percent agree - the next increase is probably going to be in march or april, just buy it now because the cost increases 2x a year and there is no value in waiting - none of this kicks in until the 3/36k warranty is over, you're not 'losing' any $ by doing it early. And buy the headlamp coverage - it's only 70 bucks and covers your non fixable headlamps in case the lighting fails.

 

[Tim d]

I'm coming up on a year with my wonderful 2025 Maverick Hybred AWD Lariat. I normally don't purchase "extended warranties", but there is a lot to go wrong with this machine. Any thoughts?

I never purchase one.our mav is almost 3 years old.40,000 miles and zero issues so far.

 

[turbobill]

I'm not worried. When I retire within the next year and a half, I'm selling mine and driving old stuff. Only 9K on it now and probably 20K or less when I sell it.

 

[MaverickDragon]

I'm coming up on a year with my wonderful 2025 Maverick Hybred AWD Lariat. I normally don't purchase "extended warranties", but there is a lot to go wrong with this machine. Any thoughts?

You are good for 3 years / 36K and then there is the power train warranty and hybrid warranty, but a lot that can go wrong and won't be covered after the standard warranty ends.

I look at it as insurance. Not a lot of cost for the coverage and I prefer a known expense to a large unplanned one. The value proposition is up to you.


I took a look at Granger's site and below is a matrix for the Premium Plan.
There are other lower tier levels at less expense.

 

[CajunMick]

Might help if one really needs it. Had it on my F250 diesel. Used it twice….1) leaking radiator, 2) replace a badly sooted EGC. I let it lapsed, then few weeks after, blew open up turbo intercooler hose. That cist me >$400. Learned this a common issue with Ford diesels, yet Ford not cover this.
Im thinking of this Mav. Not driven much, retired. So if I do will shoot for big time duration over mileage. On my F250 time ran out before mileage.

 

[sajohnson]

As others have mentioned, extended warranties are a form of insurance.

All insurance is gambling. The ins co is the 'house', and the house always wins.

Car dealers often tell buyers (incl. my wife and I when we bought our Badlands) in so many words, "This vehicle is a complicated POS. It WILL break down and it will be expensive to fix! Yur gonna want an extended warranty! Don't think about it, just sign here!"

Whatever the issues are with any given vehicle, the underwriter is fully aware of the costs, and they charge accordingly. If a headlight assembly costs $1,000 plus $500 labor, they know that. They have all of the data and it's factored into the price -- there's no way to get over on them.

If all extended warranties cost the same, regardless of year/make/model, then maybe buyers with notoriously unreliable vehicles might get a reasonable deal, but warranty costs reflect anticipated costs.

Extended warranties are a bad deal. They must be, in order for the underwriter to stay in business. The vast majority of buyers will be 'losers' -- they will pay out more than they receive -- just like in a casino. Of course, we rarely hear from them -- but the tiny percentage of 'winners' will tell anyone who will listen how their car need 2 transmission replacements and they saved thousands of dollars.

Financially, it's always better to be self-insured when possible. That's why many large organizations and corporations are self-insured. Of course, most of us have no choice but to purchase homeowner's, health, and auto insurance -- the potential liability is too great for us to cover. Extended warranties are in a middle ground. Car repairs can be expensive. If a person does not have the ability to cover a large repair bill, then an extended warranty may make sense.

Finally, some is psychological. Is the potential buyer generally optimistic or pessimistic -- glass half full or half empty?

 

[Techcar]

As others have mentioned, extended warranties are a form of insurance.

All insurance is gambling. The ins co is the 'house', and the house always wins.

Car dealers often tell buyers (incl. my wife and I when we bought our Badlands) in so many words, "This vehicle is a complicated POS. It WILL break down and it will be expensive to fix! Yur gonna want an extended warranty! Don't think about it, just sign here!"

Whatever the issues are with any given vehicle, the underwriter is fully aware of the costs, and they charge accordingly. If a headlight assembly costs $1,000 plus $500 labor, they know that. They have all of the data and it's factored into the price -- there's no way to get over on them.

If all extended warranties cost the same, regardless of year/make/model, then maybe buyers with notoriously unreliable vehicles might get a reasonable deal, but warranty costs reflect anticipated costs.

Extended warranties are a bad deal. They must be, in order for the underwriter to stay in business. The vast majority of buyers will be 'losers' -- they will pay out more than they receive -- just like in a casino. Of course, we rarely hear from them -- but the tiny percentage of 'winners' will tell anyone who will listen how their car need 2 transmission replacements and they saved thousands of dollars.

Financially, it's always better to be self-insured when possible. That's why many large organizations and corporations are self-insured. Of course, most of us have no choice but to purchase homeowner's, health, and auto insurance -- the potential liability is too great for us to cover. Extended warranties are in a middle ground. Car repairs can be expensive. If a person does not have the ability to cover a large repair bill, then an extended warranty may make sense.

Finally, some is psychological. Is the potential buyer generally optimistic or pessimistic -- glass half full or half empty?

So I'm guessing you don't have health,auto or life insurance either ?

 

[sajohnson]

So I'm guessing you don't have health,auto or life insurance either ?

That's right!

And I run with sharp sticks, eat gas station sushi, and drive without a seatbelt.

From my post:

"Of course, most of us have no choice but to purchase homeowner's, health, and auto insurance -- the potential liability is too great for us to cover."

The key word being "us."

 

[Techcar]

That's right!

And I run with sharp sticks, eat gas station sushi, and drive without a seatbelt.

From my post:

"Of course, most of us have no choice but to purchase homeowner's, health, and auto insurance -- the potential liability is too great for us to cover."

The key word being "us."

I have the choice of no homeowners Ins,and lots of people don't have auto ins. Health ins is a gray area. So unless you are will to pay someone else bill for you "advice " make sure it is good advice with proof and documentation.

 

[sajohnson]

I have the choice of no homeowners Ins,and lots of people don't have auto ins. Health ins is a gray area. So unless you are will to pay someone else bill for you "advice " make sure it is good advice with proof and documentation.

My wife and I have the option to cancel our homeowner's insurance also. We've considered doing that and being self-insured. Currently, the premium is reasonable for the amount of coverage, and they did step up when we had a tree hit the house about 4 years ago, so we've kept it.

When you say, "...lots of people don't have auto ins." are you referring to vehicle owners/drivers? If so, they're taking a huge risk, especially if they don't have enough money in the bank to cover any potential damages, medical bills, and lawsuits. Even those with a few million dollars sitting around will be in serious trouble with the state/MVA/DMV.

I'm not sure how health ins is a gray area. Everyone needs health insurance -- unless they have Medicare or Medicaid.

In any case, my point was that -- when possible -- it makes financial sense to be self insured. Vendors are happy to sell "protection plans" for almost any product -- toasters, bird feeders, flashlights, etc. That makes no sense at all.

At the opposite end of the spectrum is health and auto insurance. Homeowners is different in that while the potential loss is also huge, it is limited to the cost of replacing the house and belongings. With auto and health the potential costs are almost unlimited.

Vehicle extended warranties are in a middle category. If a person can afford to cover a large repair bill, it's best to be self-insured. However if the cost would be a real hardship then a factory extended warranty from Granger makes sense. It will most likely be a net loss, but at least the buyer has the piece of mind that their expenses are limited to the cost of the warranty plus any deductibles, and the lost earnings on the money spent.

 

[Cherokee]

Bought my 2024 Lariat on 12/31/24 and paid $2,000 for a full warranty out to 100,000 miles. I drive about 13,000 a year.
I’ll trade up about 95,000 miles.

Easy Peasy,
Thank you King Ford of Murphy NC

 

[ARDU]

As others have said, buy ESP from Grainger.

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