Ford Focus Forum, Ford Focus ST Forum, Ford Focus RS Forum - View Single Post - Did You Buy An EXTENDED WARRANTY For Your New Focus?
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Old 04-10-2012, 03:28 AM   #190
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Location: Upstate, NY
What I Drive: 2002 Ford Focus

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Extended warranties are a very poor investment and this is not just my experienced opinion from 25+ years in the automotive industry, but the financial experts at Money Magazine who wrote an in-depth article on this topic. If you took the serious money it takes to buy an extended warranty and put that money in an interest bearing account, you'll be money ahead and then some. Plus, many of these extended warranty companies go out of business, leaving you holding onto a piece of paper you paid over $1,000 for and now it's worth nothing. Also keep in mind the salespeople make big commissions off of selling these rip-off plans to you and tend to not be honest with the details about these plans. The only cars that need an extended warranty are lemons and if it's a lemon, you shouldn't be buying it in the first place. The Focus is not a lemon. The standard warranty is just fine. They will try to lie to you and tell you the warranty is, "bumper-to-bumper", leading you to believe that anything that breaks is covered and that is false. Normal wear and tear items like struts/shocks, exhaust, tires, brakes, belts, hoses, spark plugs/wires, lights/bulbs, etc., are not covered by these rip-off plans. The only thing that is covered are major components like the engine and transmission and those are very unlikely to fail. Further, any repairs completed using an extended warranty are done to the minimum cost possible, as it is the extended warranty company paying for it. They will use rebuilt parts, not new parts, to save money and cut corners anywhere they can. Do you really want your care, "repaired", like that? I didn't think. Save you money.
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