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How bad did I get ripped off?

12K views 51 replies 27 participants last post by  mr2929 
#1 ·
Hello, I bought a 2013 focus SE today with the 201A package, winter package, and the body kit package.

Total cost with delivery, from another dealer, 5 year/120k warranty, taxes and all that was $28,400. Got 0% financing for 72 months.

Could they have gone much lower? This is my first new car purchase. Also, I live in Canada if that makes a difference.

Thanks!
 
#2 · (Edited)
Reads like you bought the extended warranty. Did you?
Usually the extended warranty is a huge moneymaker for the dealer.. And is not a good investment.
In the USA anyone can cancel the extened warranty and get 100% of the money for it refunded in the first 30 days. I do not know if that is also true in Canada.

Also yes Canada is different than the USA, and the cost is much higher (from other folks stories)
So if someone starts in with you got ripped off.. NO, the car costs MORE in Canada, period.
So if you added inthe extended warranty, cancel that and they will refund that money, or just take it off the loan balance. (Plus tax on it..If you can cancel it, you get the cost plus the tax on the cost back, but only during the first 30 days in USA. Canada like I wrote I do not know the rules.)

After the first 30 day in USA, you do NOT get the sales tax back, and the refund is prorated for a portion already used..
 
#3 ·
seems about right for other fanatics from (way) up north. in the states a base st or st2 usually runs around that, where as canada it's much more. the warranty probably cost you a ton too, so take that off and the mid 20's is what seems to be about average for a decently equipped SE in the states or canada
 
#5 ·
Some people believe the extended warranty is a rip off, and yes if you never use it, you loose money. However some people sleep easier at night knowing its covered if something happens.
 
#6 ·
Any extended warranty is a moneymaker for the dealer. They get paid up front big time, and the repairs down the road usually (on average) are well below the money spent for the original warranty.
The warranty in the USA can be had for half the list price from some internet dealers.. and is the same Ford warranty! so the dealer is making a lot on it!.
I do not think the internet dealers can sell to Canada though.

An extended warranty makes sense if you hate to be bothered with sudden expenses later on. With insurance, you pay a lot for security.
The main thing is to remember they DO make a lot of money on the extended warranty. So financially it is not a good 'deal' for the consumer.
The exceptions are folks for whom everything is always going wrong.. They might come out ahead on the deal.
Remember the powertrain is already free warranty for 50,000 miles and five years anyway.
 
#8 ·
I had an '07 Golf before this Focus and during the last year the warranty was still valid there were two problems that would have combined to cost me over $1500...

In my mind, paying $2000 now for 5 years of worry-free, no sudden expenses, is worth it. I also got some Gold Membership thing which covers my oil changes for the first 5 years as well. The cost on that was $750. If I get 4 oil changes a year, for 5 years that would cost (60 * 20) = $1200. So I figured I "saved" some money there.

But yeah, I'm totally the guy that likes peace of mind when it comes to vehicles and right now, my only foreseen expenses will be maintenance outside of oil changes.
 
#9 ·
I paid 21,000 on the road for a 13 s base model with sync and automatic trans. You did better than me![duh]

credit score of 746 got me 3% financing

edit to add, the exp thing sounded good for the tires but it came out to be like 4,500 extra. I doubt anyone would go through 4,500 in tires
 
#14 ·
Ford's standard warranty is 5 years/100,000km on powertrain and 3 years/60,000km on everything else.

So I paid $2,000 for an to extend both, the powertrain and everything else to a total of 5 years/120,000km from the day I bought the car (yesterday).

I'm completely fine with paying $1,000 per year in warranty. Shit breaks, and it is usually expensive to fix.

I agree about the deductible and using warranty depending on the price of the fix.
 
#24 ·
I paid 20k after rebates for a mtx SE with the 201A package, I probably shoulda got a sunroof for that price but the 1.9% financing from fmc for someone with less then prefect credit though made up for it! Overall I'm very happy with my purchase. Thank you fmc I will forever be loyal to you.
 
#29 ·
Extended warranties are never a good buy on pretty much anything. It's just another way to separate you from as much money as possible. Same for the paint treatment and interior treatment. These are where dealers make a lot of money. And if you fiance the warranties or the rest you pay interest on that for the life of the loan, another bad idea. From a personal point of view. I never bought any of that stuff and never needed it and I've been buying new cars since 1975.
 
#31 ·
I agree with you 100% but on expensive cars I will buy manufacture extended warranty Ford Focus is cheap the only thing that concerns me is the transmission so I actually bought an extended warranty 11 months after I bought the car and under 12000 miles
 
#33 ·
Ford may sell extended warranty but they often are not backed by Ford. Commonly a third party insurance company there. Once I bought a Tempo back when I was still unsure of my skills at repairing new car electronics. The extended warranty was $980 around 1991 or so, again third party co. The standard warranty back then was 3/36000 and I got the extended warranty card in about a week, it covered up to 75K and 3 more I think. Anyway, got a Ford branded warranty card about 2 months+ later and upon looking at it realized the warranty there was virtually exactly overlaying the extended one I bought, but this one was mentioning another plan I'd not heard of. In short, as second owner of the car I was entitled to another 3/36000 extension for $100 through Ford themselves, they didn't mention it at all and instead added the $980 one that had virtually same coverage and bigger deductible. I found the $100 option in very small print on sale paperwork. Realizing I got taken, went to dealership and surprised they didn't have police escort me out. I accused them of ripping me off and got a refund, but since just past the two month limit, I lost the option for 100% refund, getting back only $780. Here's the kicker. That was maybe 2 months before the implosion of the economy through 1992, the insurance company that underwrote the warranty was one of the ones involved in the Orange County, California pension fund fiasco and when it went belly up the warranty company did as well, rendering all warranties sold under that company instantly null and void. I just missed it and was very thankful. There were shops all over the DFW metroplex that got taken for many thousands of dollars in warranty work performed that no one could pay for, as well as private vehicle warranty holders that suddenly had worthless warranties bought and paid for. Real big news story at the time. Later on I discovered upon reading the fine print in warranty they did not pay for any high tech, you had to buy the 'hi-tech' option, of course not shown to me either and ANOTHER $500. Or, the warranty I had covered nothing I couldn't fix on my own.

That was the first and only warranty I've ever paid for ever. Now I laugh at them, when they ask how I will fix my car if something I cannot understand goes bad I laugh even harder. It really pisses them off at new car sale time, they cannot sell me anything other than car itself, and I never tradein to let them get me there either. Looking back, there is no way those expensive warranties ever come close to paying off except for those who absolutely detest working on cars. Doing all work myself generally has me not paying $1000 total for parts on any car I've ever had throughout its' total lifespan, and most are way less than that.

Certainly one end of the extremes, but it can be done.
 
#34 ·
I was just reading through this searching for an answer and think I found one of them.

[:)][:)][:)][:)][:)][:)]Cancelling in the first 30days, you get the sales tax back as well, which is nearly 10%. So if you dont want it act fast. 1800 plan, tax is 150-200 dollars depending on your city/state.[:)][:)][:)][:)][:)][:)]

Also see if you have a road hazard/tire warranty (no tax). +~600.


Do you HAVE to go to the dealer to cancel if Ford is the financer? or can you deal stricktly with MPP?
 
#36 ·
I called MPP and they said it wasn't necessary, just fill out there form and mail it in, no need for dealer signature. They already processed mine, just waiting to see the credit.

Luckily the finance company is the same as my bank so it's easy to watch for.
 
#41 ·
The house always wins on the extended warranty. It's not a service, it's a product; something they are selling for profit. They are figuring that, on average, your car will cost less than that to repair in the same time period.

Peace of mind? Your the one who has to put a price on that. Some people will get out lucky. Some people may have some major repairs that cost more than the warranty. But Ford has done the math, and they sold it to you because the statistics say you won't.

Some think the extended warranty is a bad idea. Personally, I won't buy it. But I also don't think it's 'silly' for people to buy. If it gives you the piece of mind and is worth it, then go for it.
 
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