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There has been much discussion of extended warranties here and just about everywhere else. For every time someone hits the jackpot and gets some large and unexpected repair covered, there are a thousand policies that are either never touched or do not cover encountered problems.
The coverage is limited (largely to parts that don't break) and the exclusions go on for pages.
You are better off maintaining the car well and setting aside a little for repairs. That $1500 you have burning a hole in your pocket would be a good start.
Fair point.
I just like the idea of no hassle since I'm not good at working on cars and it is difficult to find a good shop that doesn't try raking their customers.
Fair point.
I just like the idea of no hassle since I'm not good at working on cars and it is difficult to find a good shop that doesn't try raking their customers.
"No hassle" is meaningless. Either the shop is reliable and honest and will treat you fairly, or they will not; I assure you that being mechanically competent is little shield against a crooked dealer shop. The extended warranty guarantees nothing in this regard but likely binds you to one shop or a network of shops instead of allowing you to choose an independent mechanic.
Search around. There have been many, many discussions of this and excepting rare cases, the consensus is that extended warranties are almost never worth their cost and protect neither your car nor you to any worthwhile extent.
Find a good independent shop for your oil changes and routine maintenance and build a relationship with them. That will put them much more on your side when something breaks. And that's if something breaks; modern cars can easily go 100-150k miles without more than routine maintenance.
"No hassle" is meaningless. Either the shop is reliable and honest and will treat you fairly, or they will not; I assure you that being mechanically competent is little shield against a crooked dealer shop. The extended warranty guarantees nothing in this regard but likely binds you to one shop or a network of shops instead of allowing you to choose an independent mechanic.
Search around. There have been many, many discussions of this and excepting rare cases, the consensus is that extended warranties are almost never worth their cost and protect neither your car nor you to any worthwhile extent.
Find a good independent shop for your oil changes and routine maintenance and build a relationship with them. That will put them much more on your side when something breaks. And that's if something breaks; modern cars can easily go 100-150k miles without more than routine maintenance.
It's a manufacturer's warranty which means it is good at any dealer. Not one of those after market warranties.
Good point. If I were to get a 100k warranty, I would burn through it in 2 1/2 years. If something were to go wrong, it would probably be after this.
Fusions get very good reliablility scores, and the standard warranty covers the big stuff for 60k, I think the odds you are throwing your money away on an extended warranty are extremely high.
On a recent Fusion, I'd be expecting a transmission issue with the mileage you have on it, assuming it's a 2013-2015 based upon mileage that was stated in the OP. There have been a couple of TSBs on the transmission, I think, from what a friend mentioned with their Fusion, so $1800 is less than a transmission cost, with $100/deductible. I'd look at that, if you plan to keep the car for the next few years. The situation is not as bad as with the Fiesta/Fusion and their well documented transmission problems, but Ford hasn't had the best longevity with the modern transmissions, which would likely be the highest cost repair that you'd be likely to encounter.
Modern Fusions have average to below average reliability, depending upon the year between 2013-2015. If you had a Malibu or a Regal, I'd be less inclined to purchase the extended service contract, but with a Fusion, or especially a Fusion hybrid, I'd be slightly more inclined to buy it for the longest duration if I planned to keep the car.
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Does it cover electrical components? That's my big concern. Those can eat up $1200-1800 and then some pretty quick.
It does. That is my biggest concern as well.
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