How much does a Ford extended warranty cost? ford extended warranty
New Ford vehicles come with a factory warranty with bumper-to-bumper and powertrain coverage that expires after three years or 36,000 miles, whichever comes first. For additional protection, consumers have the option of purchasing an extended warranty, also known as a vehicle service contract, either from the automaker or from a third-party vendor.
While some people love the peace of mind that comes with an extended warranty, others don’t believe in spending more on something that they believe is just another way the manufacturer or other companies can make money. Ultimately, it is a personal decision that is heavily influenced by the price of warranty plans.
Ford Protect’s Extended Service Plan (ESP) covers thousands of components for up to eight years or 150,000 miles. This extended warranty coverage is very attractive to many new car, truck, and SUV owners because of its benefits and advantages, but is it worth the additional cost?
Best extended coverage: ford extended warranty
Do not rely solely on the factory warranty. New or used, there is a great extended warranty with one of these vendors:
Types of plans: ford warranty extension
The price of the Ford ESP depends on a variety of factors. One is the type of plan you choose. There are four levels of coverage: PremiumCARE, ExtraCARE, BaseCARE, and PowertrainCARE.
PremiumCARE provides the most comprehensive coverage and the automaker claims it has the potential to save consumers between $ 4,000 and $ 6,000 in estimated repair costs. Provides comprehensive coverage for more than 1,000 components, such as the engine, transmission, front-wheel drive, rear-wheel drive, steering, brakes, suspension, and electrical components.
extended warranties for cars
Due to its extensive coverage, Ford’s Extended Warranty Premium Care plan costs more compared to other ESP plans, which provide much less protection: ExtraCARE covers 113 components, BaseCARE covers 89 components, and PowertrainCARE covers only 29 components.
Ford owners should plan ahead and purchase a protection plan before their new three-year / 36,000-mile limited warranty expires. Consumers can pay for a Ford Extended Service Plan in advance or through an Installment Payment Plan (IPP) contract. Once the Ford warranty is activated, the first IPP payment is typically due in 20 days. From that moment on, the payment is due on the same day of each month.
If an owner decides to sell his Ford, the ESP is transferable to a new owner as long as the IPP has been paid in full. A transfer fee also applies.
Additional benefits, inclusions and vehicle history: ford extended warranty
As for third-party vendors, they also provide different levels of coverage options through their extended service plans, with some offering benefits the automaker doesn’t offer, such as allowing vehicles to be repaired at non-Ford dealers. .
Basic warranties, like Ford’s PowertrainCARE, only cover simple repairs, making them less expensive. The broader warranties cover more components and include benefits like towing, roadside assistance, and reimbursement for rental vehicles, but they also cost more.
Another major factor that affects extended car warranty costs is the vehicle itself, particularly its condition. Older vehicles tend to have higher mileage and require more repairs and replacements. Owners are often required to submit their vehicle’s odometer reading and provide the number …