Granger Extended Warranty

[gzebrick]

The sooner you purchase the Ford warranty, the less it will cost (assuming inflation continues out of control for the next few years) for the same amount of coverage, since the coverage starts on the date of the ORIGINAL vehicle sale, not the date the extended warranty was purchased.

We got our ext warr when we picked up our truck (from Grainger for 3% below invoice!) and paid a lot less back in April of 25 than it would costs now, for the same coverage. with the same start date.

Worth noting that a $500 part and $500 of labor in Aug 26 may become $900 part and $900 in labor in a few years, so the longer the term of the ext warr, the better chance it will pay off in the long run.

I never purchased an ext warr before as I've also done most of my own auto repairs, but the tech in Lariat is really dealer-specific parts to diagnose and repair, beyond my shade-tree mechanic skills + the cost of the parts ($1000 smart headlight as an example) makes the ext warr seem like a good bet (with the lighting rider)

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[MaverickDragon]

Is it too late to consider a warranty from Granger now if my 3/36.000 is expiring next month?

From Granger (applicable to any dealership that sells the Ford plan).
"If your vehicle is within 41 months of its warranty start date (the date the vehicle was delivered to its original owner) and has less than 41,000 miles, you can purchase a plan. "

 

[Kuro]

Excellent discussion. Just bought a 2026 Lariat EB 4 days ago. The dealer tried to sell us a plan from Assurance. He looked pissed when I declined and said I was planing on buying from Grainger.

 

[pigsareus]

Keep in mind the Ford Protect “starts“ at day your new truck rolls off dealer’s lot. Your new truck already has 3 yrs factory warranty. So if you got a 5 yr plan, prob get 2 more years.

Anybody read the terms, see that too?

yep - that kept the price down but since it's the sooner of 125k/5 years he paid 1900 for 2 years coverage.

 

[pigsareus]

Some good comments.

The Ford extended warranty is the same plan available at most dealers, and Granger is one of those. They just happen to be a good low cost alternative, but if your dealer sells the same plan for less money, it would be a better buy.

As was noted, look at Granger's price and see if the dealer will beat it.
Unlikely, perhaps, but it doesn't hurt to comparison shop.

The purchase/or not decision makes sense or doesn't, largely based on an individual's risk tolerance and how the vehicle is intended to be used.

If the owner only keeps a vehicle for less than 3 years / 36K miles and only trades it in rather than doing a private party sale, there is no benefit to the extended warranty.

For those that drive a LOT, your manufacturer's warranty could expire in a year or even less, leaving you with only the powertrain warranty. With a 5 year loan, you could be on the hook for very expensive repairs while you are still paying off the truck.

For those who don't drive a lot, and plan on keeping the vehicle, the costs for a longer term warranty is only a couple of percent of the cost of the vehicle. Pretty cheap insurance.

There is also the fact that the owner doesn't have to save for, allocate or have to come up with a large unexpected repair payment.
That's not only the money, but the peace of mind that goes with it.

While true that while the factory is in effect, the difference is negligible, the warranty cost is highly unlikely to remain static, so the current warranty cost may be significantly higher several years from now.

Even if you never use the warranty, if you decide to sell the vehicle, the warranty can be transferred while in effect, essentially meaning you can sell what amounts to a certified pre-owned vehicle rather than a used car, and that makes a big price difference in the value of the vehicle, which could exceed the extended warranty cost.

The fact that the insurer makes money is a specious argument. It's insurance.
No company on Earth can stay in business for long on a product that loses money.

If you don't use the extended warranty, you paid a premium, but you also paid for accident coverage that you may have not used either.
Was a high dollar uninsured motorist policy a waste of money?
Not if you are in a serious accident.
Looking only at premium cost is only part of the picture, and it's a myopic view IMHO.

As was noted, after 3 years or the mileage lapses, if just a headlight replacement on a Maverick is required, that's a GRAND or more plus install cost. I prefer $75 to cover them or anything else that isn't a maintenance part for 7 years with a $50 deductible on my plan.

Balance the cost vs. the benefits and make your own decision.

Just because someone never used their warranty and think it's a waste won't be around to help you pay thousands of dollars for an out of warranty repair.

yep - and if you decide to sell the truck before the extended is up it's transferable for 100 bucks and is a good selling point that would likely make for an easier and possibly better priced sale.

 

[pigsareus]

I like Dave Ramsey and we followed the "baby steps' to become totally debt free and are, but in this day and age of computerized cars, I disagree with his stand on extended warranties. One module failure could easily cost more than the cost of an extended warranty and that is just for one module. So many things are interelated that several failed modules could equal 2 to 3 times the cost of a warranty. Also there have been a number of engine and transmission failures after the intitial manufacturer's warranty expires that could cost 5 - 10 times the cost of an extended warranty.

I wonder what Ramsey would say if I told him my '22 XL pure base I bought for 21k still gets me a Carvana and Dealer offer of 20K today even after 40k miles and I've not spent anything on repairs

 

[pigsareus]

Is it too late to consider a warranty from Granger now if my 3/36.000 is expiring next month?

not at all - use this link to see your options and pricing, make your choice and submit it - it's a very simple process. Ford Extended Service Plans - Ford Protect

 

[Suzukiridr14]

Is it too late to consider a warranty from Granger now if my 3/36.000 is expiring next month?

I would get in touch with Granger, and see what they say. I'm sure they sell polices for out of coverage vehicles.

 

[Glen Baker LLC]

Answered Post #32

From Granger (applicable to any dealership that sells the Ford plan).
"If your vehicle is within 41 months of its warranty start date (the date the vehicle was delivered to its original owner) and has less than 41,000 miles, you can purchase a plan. "

 

[MaverickDragon]

yep - that kept the price down but since it's the sooner of 125k/5 years he paid 1900 for 2 years coverage.

While true, the warranty extension also depends on the mileage driven.
For people who put lots of miles on a vehicle, the original warranty could expire much sooner than 3 years, as at 36K miles it also expires.

The high mileage / shorter time frame plans may be well suited to the high mileage driver, as they may be looking at a trade in with a vehicle with 100K on the clock...

If they do that it could mean a private party sale of a 3 year old vehicle with a 2 year, 25K mileage warranty, a much safer bet for the used car buyer, that can translate to a better sales price, as well a giving the original owner insulation from high dollar repairs long after the 36K mileage terminated their original warranty.

 

[James K]

You asked for feedback...i have never bought one.....never needed one....been driving for 50 years.

I'm not sure I'd listen to him as he admits speaking from personnel knowledge as it pertains to him. I bought one and keep hoping it's a waste of money and if it is, I will not regret it. I think back in 2022 it cost me $1200.

 

[Art Vandelay]

Is it too late to consider a warranty from Granger now if my 3/36.000 is expiring next month?

From Granger (applicable to any dealership that sells the Ford plan).
"If your vehicle is within 41 months of its warranty start date (the date the vehicle was delivered to its original owner) and has less than 41,000 miles, you can purchase a plan. "

This is correct however typically the price goes up after the original 3year/36K mile warranty expires.
For Ford ESP the cheapest time to purchase is usually in the first year of ownership and under 12K miles. Then the price goes up. The price then goes up again after the factory warranty expires. I believe once you go past the 41 months or 41,000 miles you no longer have the option to purchase a Ford ESP. So basically if you think you want to purchase an ESP for your truck do it very soon.

 

[dochawk]

You asked for feedback...i have never bought one.....never needed one....been driving for 50 years.

The two basic cases in which an extended warranty makes sense are,
1) It's something that you couldn't afford to replace if it went out, and
2) the quality of the item is such that it's probably going to fail, and someone is fool enough to sell it (typically department store one-size-fits-all plans).

The final vcr I bought decades ago was $100, with a $20 2 year swap-out extended warranty. It got swapped out four times! I had simply accepted that $120 was the cost to have a vcr for two years (and the 5th unit hung around, slightly used, for something like 5 years after that!)

getting the full-out 10/100/0/+everything warranty from granger was about 5% of the cost of the maverick. And there were a couple of different problems with some frequency at the time that cost well more than the warranty.

Generally speaking, however, extended warranties return very little of their premiums in coverage. The commission on the warranty is typically significantly larger than for the underlying purchase (like, 30% ).

Another exceptions is that sometimes credit unions arrange for extended car warranties at reasonable (for the risk) prices.

 

[Fibrepunk]

the dude also says don’t buy a car. he hasn’t explained how i’m getting 20 miles to and from work when it is -5f. or any other time.

if you want an extended warranty, buy one. if you don’t, don’t.

He also said, only buy car with cash. Even when the interest is 0%!

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