New Trucks & Extended Warranty

[Ronji]

Good morning,
I have been in the market for a new truck as its time to replace my 2011 Chev.
Firstly, wow have the prices ever gone up since the last time a bought a new truck. And I get that.
Secondly, what are some your real world experiences with:

1. Extended warranties
2. Detail packages and warranty
3. Glass and tire packages
4. Life time oil changes
5. etc. etc.

I always looked after any service work, oil changes, glass repairs, as I did not mind the work. But, as we all are, I'm getting a little older and not as motivated.

Let me know your thoughts and experiences on these additional dealer packages.

Thanks.

[ak77]

They are all crap. At any age...

[elkhunter11]

They are all designed to make the manufacturers/dealers money, so the consumer pays more. I never buy them , and I am so far ahead, that even if I buy a total lemon, it won't eat up all of my savings.

[MK2750]

I told the sales guy to just click no to all and save us a bunch of time. He stated that I should at least get the extended warranty. I asked him why he didn't mention how much we needed the extended warranty during the test drive/viewing and it wasn't mentioned again.

My experience has been to spend the extra money on added maintenance. Oil change intervals are ridiculously long and quality synthetic oil and filters pay for themselves over time.

[gordfishing]

I purchased a new 2019-F150 in June 2020.
I also bought bumper to bumper warranty until 200,000K
It was the best thing I could have done

We now have 170,000 but not without issues

at 1800K's- 5 drive train issues, [ rear axles, drive shafts, U-Joints ect ]
they would not take it back other issues

2 Cam Phaser replacements
heat seat replacements x2
Passenger door sensor handle replacement X2
New transmission at 145,000,
Battery went at 38 months
Oil gasket leak of some kind
Probably missed something

It seems that this F150 has never gone in for just and oil change!!!

You can always by extended warranty up until the manufacture runs out, but probably a price difference

If you can afford to add extended warranty I would

[elkoholik]

I opted for extended warranty on my 2020 Chevrolet. Good thing too, I have had warranty work done on electronics that would have cost me more than my warranty. Chef only covers electronics and such to 60k km, after that all on our dime. With the defensive electronics in vehicles now that is why I chose the extended warranty.

[elkhunter11]

In spite of the problems some posters mention, the manufacturers still make a profit selling extended warranties. That means, that for every lemon that actually saves the owner money, there are many vehicles that cost the manufacturer less than the extended warranty. So over multiple vehicles, the odds say that you will come out ahead by not purchasing the extended warranty.

[Dean2]

Originally Posted by elkhunter11

They are all designed to make the manufacturers/dealers money, so the consumer pays more. I never buy them , and I am so far ahead, that even if I buy a total lemon, it won't eat up all of my savings.

^^^^^
This

You can get protective film, scotch guard paint protection, Rust Proof etc for less than half at quality vendors. If you are buying something you think will need extended warranty, might want to rethink you choice.

That said, I bought it for my wife's 2020 Grand Cherokee Summit because of the well known issues with the 5.7 Hemi and the U-connect system. First vehicle I ever di it on. I asked her to buy whatever she liked best, no other considerations of price, reliability, just whatever she liked to drive the most. So, the $2800 I spent for a 115,000 KLM 7 year, Bumper to Bumper, warranty was the added cost to pick that vehicle. So far, radio replaced at 8000 klms, under the regular factory warranty, cost would have been $1,400. No idea whether I will make back the $2,800 or not, but seemed like at least a 50/50 bet. She does still LOVE that vehicle. I did not put extended warranty on the 2021 Ram with the 6.4.

[dewalt18]

Originally Posted by elkhunter11

They are all designed to make the manufacturers/dealers money, so the consumer pays more. I never buy them , and I am so far ahead, that even if I buy a total lemon, it won't eat up all of my savings.

This is my mentality as well. The one thing I learned from my father (he doesn’t subscribe to this theory) is always buy used. Let someone else take the hit. Why pay PDI, shipping, etc, for something new, when you can buy almost new for nearly 35% less on a lease back or used?

[Mayhem]

Originally Posted by ak77

They are all crap. At any age...

My sentiments exactly...I love how manufacturers spew out advertising like "Built Ford Tough" and "We are Professional Grade" then immediately start pushing extended warranty...what a joke.

[Trochu]

Originally Posted by Ronji

Firstly, wow have the prices ever gone up since the last time a bought a new truck. And I get that.

I don't. I'd sure love to know how a single cab, XL (the lowest trim) 2024 F150 is worth $64,499.00.

In 1990 that truck was $11,900.00. The Bank of Canada's inflation calculator indicates it would be the equivalent of $24,846.37 today. But nope, try tripling that.

In response to your question, I typically say no to everything. If you want the box liner, new tires, rims, etc. typically cheaper to get it done 3rd party.

[schleprock]

As Dean2 mentioned, shop around with other dealerships. When I bought my last new truck, the local dealer was asking $6500 for the extended warranty but 70 kms away, another dealership wanted $1800.

[nd4spd]

I've had the extended warranty on my last three trucks and honestly glad I did. one thing; don't buy it right when you are getting your truck but wait till your bumper to bumper has almost expired.
don't get the 3m or protection packages; they charge way too much and they usually don't do a great job plus you would be paying that off the entire time you're paying for your truck which includes interest. you're better off to take that money and go to an independent place and get it done.

[ak77]

Another thing about 3M, tint and similar packages... Have a friend who had s detailing business few years back, was also doing tint, 3M, rust proofing and such... He was sub'd by dealerships to do all that for their vehicles. He was charging them less than his trusty price for to the volume of business they were giving him, and dealerships were charging the clients more because they can.
So, the same vehicle would've cost less fort the same product/service if the customer declined the package from the dealership and went straight to my buddy (or any other shop) directly...
But if a bit of extra half is too much and you'd rather pay to have everything done in one place - good on you

[urban rednek]

Originally Posted by ak77

But if a bit of extra half is too much and you'd rather pay to have everything done in one place - good on you

It is my opinion that buying these add-ons from the dealer appeals to 2 types of people.
1. Those whose time is worth more than the dealer's upcharge; they are happy to pay for the convenience. It's a win-win for them.

2. People who don't know any better, they just want the cost consolidated into their monthly payment. These are the same people who fall for the "So what type of monthly payment works for you?", rather than looking at the actual vehicle cost.

There are way more people in category 2.

FTR- I declined the extended warranty on the last new vehicle I purchased. None of them (salesman, sales manager, finance manager) could understand why, even after I told them the vehicle was being modified beyond any manufacturer's warranty within a month. They were either genuinely confused, or consummate actors.
FWIW I don't think any of them were capable of acting their parts for that long.

[Dmay]

Originally Posted by Trochu

I don't. I'd sure love to know how a single cab, XL (the lowest trim) 2024 F150 is worth $64,499.00.

In 1990 that truck was $11,900.00. The Bank of Canada's inflation calculator indicates it would be the equivalent of $24,846.37 today. But nope, try tripling that.

Pretty bizarre comparison. 34 years apart? Things have changed a great deal...not saying for the better necessarily in all cases, but really, these are two totally different vehicles.....park them beside each other and see.

[urban rednek]

Originally Posted by Dmay

Pretty bizarre comparison. 34 years apart? Things have changed a great deal...not saying for the better necessarily in all cases, but really, these are two totally different vehicles.....park them beside each other and see.

You're right! They are totally different vehicles. Let's look at the two images below and see if we can find a correlation.

FTR- I first noticed it when I couldn't comfortably reach the door rests in a fully loaded 2012 Ford Explorer. Felt like it was designed for a 300+ lb. person. Wife said the passenger side was the same.

[M.C. Gusto]

Originally Posted by Dmay

Pretty bizarre comparison. 34 years apart? Things have changed a great deal...not saying for the better necessarily in all cases, but really, these are two totally different vehicles.....park them beside each other and see.

Ya the 34 year old model is tougher in every way. And the comparison is fair. You’re paying extra for creature comforts for the most part. That’s about it. And on top of that, the new truck is made like a pop can. I’m amazed people are crazy enough to pay these prices for these pieces of crap

[MyAlberta]

The dealer is reselling all of those packages with a handsome markup. Extended warranties are good, at the right price, and that’s a comfort level thing. Watch carefully though the changing market. The big 3 have caught up with inventory and need to retreat on the massive price increase over previous years. Along with dealer volume incentives, we should see hard nose negotiating bear fruit, and some discount sales in the days ahead

[Dean2]

I have to say I agree with Elk. I have owned somewhere btwen 2 and 300 vehicles over the years, only 4 of which were bought brand new. Quite a few of the used ones however were new enough to still have factory warranty on them. Many vehicles I owned for a relatively short period of time because I bought them right and could make good bucks reselling them, but quite a few others that I really enjoyed driving, I put 2 to 400, 000 klms on. Not a single vehicle did I ever have a major repair on. No transmissions, engines or anything else much more than regular maintenance items and replacement approriate to the mileage. I always did a good job of maintenance on all the vehicles. There were a few I sold quite quickly because they were showing lemon tendancies. One I particularly remember was a REALLY pretty Ford 150 that I bought with 10,000 klms and planned to keep longterm but sold it somewhere around 20000 because it became clear it just wasn't going to be longterm reliable.

In all cases, paying for extended warranty would have never been a paying proposition. At this stage I am so far ahead of the game I could completely blow up 5 of them and still be ahead of the game. Same reason I have never carried collision insurance on any of my vehicles. Only time it pays is if the accident is my fault, and I have never had an accident that was my fault so 50 years of collision insurance would be money peed down the drain. Canadians are the single most over insured people on the planet. Being that risk adverse costs an awful lot of money that you never get back.

[elkhunter11]

Originally Posted by M.C. Gusto

Ya the 34 year old model is tougher in every way. And the comparison is fair. You’re paying extra for creature comforts for the most part. That’s about it. And on top of that, the new truck is made like a pop can. I’m amazed people are crazy enough to pay these prices for these pieces of crap

The new model will have more power, and get better fuel economy, and typically will handle and stop better as well. The lighter weight, and more advanced technology improve all of those things. And the aluminum bodies will typically not rust as quickly either. But in return, all of the electronics do result in more things to go wrong, and replacement can be very expensive.

[coolpete1]

i used to be a shop foreman at a chrysler dealer , dealt with every warranty available , if its not the oem extended warranty its garbage . companies like first canadian are the ones they push in the finance box because they make more money on it , but it is always a fight to get things covered and they refuse to pay the tech properly , which can result in rip and tear i don't care style repairs . as for the other stuff , dealers charge 3 to 4 times more than a small detail shop and hardly give you what you as for . like the rust proofing in the doors wont be sprayed , or not enough , undercoating is half assed etc .
for anyone that has a first canadian or similar warranty , if you haven't used it yet they will refund it fully if you ask , then buy an oem plan from the service advisor for less money , you can do that up until the basic warranty is finished.

[58thecat]

Them diesels can get costly real quick and usually poop the bed after warranty.
10k for this and 10k for that etc
Crazy.
Had a buddy go through this but had the extended warranty, in this case it was a blessing.


Sent from my iPhone using Tapatalk

[340 wby]

Everything sold today has a direct or indirect profit. Someone is benefiting from the sale of pretty much everything.

Profit is not a bad word.

Every industry has to make money or they will not be there to service you when you need it. Even if your just there to buy parts.

If everything sold had no profit how would the economy prosper.

Don’t think warranty is worth it......good luck.

Ever notice that dealerships have one door in the front and 10 in the back

I wonder why

Even Toyota dealers........

[Curtsyneil]

On my f150 the drive train warranty was 5 years or 10000kms so I chose not to go with the extended warranty but went with the so called free oil changes and services which was not worth it in the end for I hardly drove my truck to match up the amount of services my truck got before the 5 years were up. If your driving your vehicle lots then forsure go with those packages but with these new vehicles it seems like something can go anytime so extended warranty could be helpful and or not. . 2018 f150 70,000kms air conditioning compressor gone 1800$ to fix that, just put a new computer in the truck or bcm that was 1300$ cause the god damn thing wouldnt stop flashing lights and alarms goin off in the middle of the night, horn honking when you turn on the hazards just unbelievable. Basically if your buying a new vehicle I’m not sure what the right call is and oh yeah I’m still on my last year of payments on the truck also and I’m paying thousands more to fix it before it’s even payed for. Just a kick in the nuts so yes get the extended warranty with these new trucks I guess in my case it would have come in handy.

[elkhunter11]

Originally Posted by Curtsyneil

On my f150 the drive train warranty was 5 years or 10000kms so I chose not to go with the extended warranty but went with the so called free oil changes and services which was not worth it in the end for I hardly drove my truck to match up the amount of services my truck got before the 5 years were up. If your driving your vehicle lots then forsure go with those packages but with these new vehicles it seems like something can go anytime so extended warranty could be helpful and or not. . 2018 f150 70,000kms air conditioning compressor gone 1800$ to fix that, just put a new computer in the truck or bcm that was 1300$ cause the god damn thing wouldnt stop flashing lights and alarms goin off in the middle of the night, horn honking when you turn on the hazards just unbelievable. Basically if your buying a new vehicle I’m not sure what the right call is and oh yeah I’m still on my last year of payments on the truck also and I’m paying thousands more to fix it before it’s even payed for. Just a kick in the nuts so yes get the extended warranty with these new trucks I guess in my case it would have come in handy.

What would a 7 year warranty have cost you? Would it have been more than the $3100 for those repairs? On my last two vehicles, the 7 year bumper to bumper warranty would have been over $4000.

[brendan's dad]

Just purchased a VW Atlas and F350 Diesel. Got 10 year extended warranty on both. 200000 km on the Atlas and 150000 km on the Diesel. Peace of mind for the next 10 years made it worth it.

[Curtsyneil]

Originally Posted by elkhunter11

What would a 7 year warranty have cost you? Would it have been more than the $3100 for those repairs? On my last two vehicles, the 7 year bumper to bumper warranty would have been over $4000.

I’m not 100% sure how much it would have bin for the extended warranty or the extra 2 years after the first 5 year bumper to bumper was up. Just spending 3100 to fix compressor and bcm is enough to make a guy angry tho when a truck only has 70000kms on it and still owing till December.