If you’re undecided about whether or not Ford’s factory-backed warranty options are worth buying, it’s important to understand all the details before saying yes or no. Consider the following questions: What are your driving needs? Do you plan to keep the vehicle for an extended period of time? Will the projected repair costs surpass the coverage cost? If you’re still not sure, refer to Borgman Ford’s list of reasons why considering a Ford Extended Service Plan (Ford ESP) is a good decision!
1. Factory Backed Coverage Delivers Reputable Service
If Ford created your vehicle, Ford knows how to repair and service your vehicle better than anyone else. Ford provides education and standards across thousands of certified Ford service locations, which means Ford representatives and employees specialize in your vehicle. In addition to service and skills tailored to your vehicle, factory backed coverage guarantees terms will be met and the Ford ESP warranty will be honored. With these plans having a deductible, it also eliminates the hassle of reimbursements or rebates that many third party providers require.
2. Standard Warranties End at 36 months or 36,000 miles
Once you’ve owned your vehicle for 36 months or have put 36,000 miles on it, all repair costs are out of pocket. Purchasing a Ford ESP can prolong the out-of-pocket period for extended service covered components, potentially saving you a large chunk of change.
3. Ford ESPs Keep You Ahead and At Ease In the Case of Unexpected Repairs
The emotional and financial toll of having to navigate an immediate solution at the time of an unexpected event can be brutal. Having a Ford ESP eliminates the analysis paralysis that urgent repairs often create. With an ESP, you know you’re taking your vehicle to a certified Ford service center, and know that it won’t be a major dent to your wallet. Eliminating the frustration of wondering where your vehicle will be serviced and how much it’s going to cost is a major plus to keeping you ahead of the situation before the situation even arises.
4. Repair Costs May Exceed the Cost of a Service Warranty
While it’s possible to calculate the projected cost of repairs by using a reliable tool such as Edmunds or Consumer Reports, the actual risk of malfunction and cost of repairs varies based on many factors, making it difficult to predict. An unfortunate situation of major financial burden may be avoided by investing a small cost over periods of time, making your cost of repair much smaller with an ESP. Generally speaking, the cost of repair often surpasses the cost of a Ford ESP, especially when installation and labor fees are worked into the equation (many of the newer vehicles require specialized installation due to complex components). Here, Ford estimates potential savings on repair costs for various parts (all covered in the PremiumCare plan).
5. Ford Offers ESPs Based on Your Needs
Ford offers a variety of ESP options that are built to fit your financial commitment, milage requirements, and vehicle ownership timeline. PremiumCARE covers over 1000 components and is the most comprehensive coverage; ExtraCARE is a great second-tier option that covers 113 components; BaseCARE covers 84 components that include major parts that impact drivability; and PowertrainCARE is the minimal coverage option that serves only the critical engine and transmission needs. Whatever plan you choose, make sure you’re thinking critically about how many miles you plan on driving and how long you plan on having the vehicle. Ensure your Ford ESP is maximizing the worth of your investment. If you’d like help choosing a plan, contact us or visit Borgman Ford to talk to one of our representatives who can help you calculate the appropriate plan for you!