Alloy Dave Posted November 14, 2007 Report Share Posted November 14, 2007 Ok, I obtained the contract for the ESP and I wanted to get your thoughts on purchasing. I'd especially like input from people that have used this or work at a dealership. The plan I'm looking at is 7 years, 36,000 miles (I drive about 4-5,000/year) with $100 deductible. The cost if I sign up before my 1-year anniversary (only 6 weeks away) is $805. The plan is the PREMIUM Care. Here are the things that jumped out at me... 1) Roadside assistance is covered up to $100. Since my deductible is $100, does that mean that if the cost is $100 for the tow job, I pay the entire amount? And if the cost is $200, I pay $100 and Ford pays $100? 2) There is a list of items NOT covered. It includes many obvious things that I won't list (for example, it doesn't pay for any item covered under warranty), but I'll only list here the less obvious ones: 2a) Repairs to any engine, transmission, or final drive components for damages caused by an after-market turbocharger or supercharger 2b) Repairs caused by loss of lubricants or fluids, or contaminations of oil, fluids, or fuel 2c) Repairs caused by unreasonable use (the mention many examples of this, one of which is "racing or failures caused by alterations or modifications to the vehicle, including the body, chassis, or components, after the vehicle leaves the control of the manufacturer". Also, oversized tires are listed in addition to "performance-enhancing powertrain components". 2d) Repairs caused by lack of required/recommended maintenance 2e) Repairs needed to a covered part caused by the failure of a non-covered part. 2f) Shop supplies and disposal of environmental wastes 2g) Batteries of all types, cables, belts, hoses, brakes (front hub, drums, shoes, linings, disc rotors, pads), coolant, exhaust system (including catalytic converters), filters, fluids, lubricants, lights (bulbs, sealed beams, lenses), spark plug wires, squeaks and rattles, tires, tune-ups, wheel balancing, wheel alignment, compressed natural gas fuel system components, manual clutch disc, shock absorbers, spark plugs, and wiper blades. 2h) Glass and body parts such as door handles, moldings, ornamentation, paint, rust, sheet metal, structural underbody framework, sideview mirrors (glass and housing), water leaks, wind noise, weatherstrips, wheels, wheel studs, wheel covers and ornaments, convertible top, fabric, liners, zippers, fasteners, buttons, carpets, dash pad, door and window handles, knobs, rearview mirror (glass and housing), trim and upholstery. 2i) Costs or expenses for teardown, inspection, or diagnosis of failures not covered by this agreement. 3) To obtain coverage, you must provide proof of scheduled maintenance services. This includes maintenance records that show mileage, date of service, VIN, and the maintenance performed. If you perform your own scheduled maintenance, you must provide receipts for purchases and descriptions of services. In addition, there are a bunch of "state-specific" legal writeups...none of which pertain to my state, but check your own. I'm wondering if there's very much that's left protected once all the above items are taken into account. Particularly if I modify the engine...then I'm really SOL. Correct me if I'm wrong, but the standard "bumper to bumper" warranty is 3/36, so this extension is really a 4 year warranty. The powertrain warranty is 5/60, so it's 2 years additional on powertrain. I understand not covering wearable items like brake pads, but things like the rearview mirror? Come on. And fluids? What if a water pump goes out....do they say well the pump is covered, but we must charge you for 2 gallons of anti-freeze at our shop rate of $20/gallon + your $100 deductible + shop supplies of $25 + 2 new hoses that aren't covered at $15 each + disposal fee of $10 for your anti freeze ???. Geesh If I instead put the $805 in an investment account today, I'd have about $1,000 in 3 years when the bumper to bumper falls off to pay for repairs...which I know won't go very far. However, if I don't need ANY repairs that would be covered, then at the end of 7 years I'd have $1,400 roughly that I could spend on other things. The things that most worry me are things like electric window switches and sensors on the engine. They can be quite expensive, and one repair may eat up the entire $805 premium. What does everyone think? I'm thinking that if I'm going to mod my engine, this isn't such a great deal. Dave Link to comment Share on other sites More sharing options...
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