Armin
Member
People miss the point.
Of course most people will never need it. Of course you will lose money most of the time. And of course Ford is mostly reliable. If it wasn't they would not be offering these warranties.
This is like fire insurance on your house. Most people will live decades in a house and not ever need it in their entire life. But if you do get a fire, you are glad you took it.
With cars it is of course a smaller amount of money, but that is the decision. Do you want to insure a small possibility of let's say ~10K of bills later by paying let say ~3K upfront. That is the question. It isn't about gambling or whether it is worth it. It is a choice of what risk you are willing to reduce for what price.
If you are OK with having a small chance of a 10K bill don’t take the insurance and keep the money. If that would wreck your budget or you just don’t want the hassle of dealing with that, take the insurance. It is that simple of a choice.
I bought it on my current Expedition. For me it is the idea I could just drop the car off and drive off with a loner. No hassle with rentals and let the dealership deal with it. Almost certainly I'll lose money over the total ownership, but I like the mental insurance. Other people likely just keep the money in their pocket.
Of course most people will never need it. Of course you will lose money most of the time. And of course Ford is mostly reliable. If it wasn't they would not be offering these warranties.
This is like fire insurance on your house. Most people will live decades in a house and not ever need it in their entire life. But if you do get a fire, you are glad you took it.
With cars it is of course a smaller amount of money, but that is the decision. Do you want to insure a small possibility of let's say ~10K of bills later by paying let say ~3K upfront. That is the question. It isn't about gambling or whether it is worth it. It is a choice of what risk you are willing to reduce for what price.
If you are OK with having a small chance of a 10K bill don’t take the insurance and keep the money. If that would wreck your budget or you just don’t want the hassle of dealing with that, take the insurance. It is that simple of a choice.
I bought it on my current Expedition. For me it is the idea I could just drop the car off and drive off with a loner. No hassle with rentals and let the dealership deal with it. Almost certainly I'll lose money over the total ownership, but I like the mental insurance. Other people likely just keep the money in their pocket.