Thank god for extended warranties

The AC went out on my "new" '05 Escape. The entire system had to be replaced, and the whole thing was covered by the extended warranty I bought from Ford when I got the car. The warranty cost me $2200. The repair was going to be $2000. All covered. WHEW!!!!.

Reply to
Sheldon
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Reply to
Mach1

Car? Escape is a truck, not a car.

WHEW! That's what the dealer is thinking. WHEW! I made $1100 selling that warranty. And I will make a bunch of money fixing that A/C, too.

That's dealer prices. You probably could have had the thing fixed much less at an independent shop.

And, you still spent $200 more on the insurance (it is not a warranty, but rather, insurance) than the cost of the repair.

That dealer saw you coming.

Jeff

Reply to
dr_jeff

But at least his problem occurred while still "under warrantee" so he got most of his investment back. The vast majority do not. They are, generally speaking, a very poor investment for most owners.

Reply to
clare

The vast majority of homeowners never get their investment in their home insurance back so I guess home insurance is a very poor investment too.

Reply to
Ashton Crusher

Except when the mortgage company requires it.

Reply to
Tim J.

They aren't an investment.

Jeff

Reply to
dr_jeff

They aren't an investment. Insurance is a way of making sure that emergency expenses that are very high (like replacing a burnt out home) are covered. Buying insurance on a vehicle, a computer (except in the case of an Apple), a printer or a washer is a poor decision in most cases.

It is never an investment.

Jeff

Jeff

Reply to
dr_jeff

Sorry, I misspoke. I meant buying insurance on vehicle repairs is a poor decision. Buying insurance on replacement of a vehicle from a crash or theft is usually a good decision.

Reply to
dr_jeff

The Escape is built on the Ford CD2 platform, which is in turn based on the Mazda GF platform, which was used by the Mazda 626. It's a car, not a truck (albeit with big wheels and slightly higher off the ground).

Derek

Reply to
Derek Gee

The Escape is built on the Ford CD2 platform, which is in turn based on the Mazda GF platform, which was used by the Mazda 626. It's a car, not a truck (albeit with big wheels and slightly higher off the ground).

Derek

Reply to
Derek Gee

I used the word investment because the OP had. But it can be considered an investment in piece of mind.

Reply to
Ashton Crusher

It depends on one's expectations and situation. There is no one size fits all.

Reply to
Ashton Crusher

Usually it is not your decision to make. Buying insurance is a government requirement in most places. Hardly a personal decision.

DaveD

Reply to
Dave D

It's licensed as a truck.

Jeff

Reply to
dr_jeff

Only for the minimal amount of insurance. Collision insurance is strictly optional. The amount of the deductible is also optional. The amount of risk one has is a personal decision.

Jeff

Reply to
dr_jeff

The manufacturer designates it as a SUV...Many states did not have the capability or desire to revamp their systems when registering vehicles when SUV's hit the scene, so either it was a car, truck or van. As the first "SUV's" (Large Broncos, Full size Blazers/Jimmys, etc) were mostly trucks, that's what they got registered with. There were only a handful of the first small SUV's models (Bronco II and S-10 Blazers) and were close to the small pickups (Rangers, etc) so they were grouped in as a truck too. But these new SUV's are so far from a truck, they don't deserve to be called trucks. Call it what you like, but the Escape is not a truck. I laughed at the service guy when he called my Saturn Vue a truck. I said "I have a F-150 - that's a truck, and a small one at that...My Vue is not a truck" and he said "it's not a car". *sigh* I'd be more willing to call it a mini-van than a truck.

Reply to
IYM

Buying insurance on "the other guy" is a requirement. Colission coverage is optional everywhere.

Nor is a car.

Reply to
clare

So a PT cruiser is car based - but is a van by its VIN and only needs to meet van safety requirements. And a HHR, which is also car based, is also a van. And what was a Ranchero, or a El Camino, or a Dodge Rampage????

Reply to
clare

And today's F150 is far from a "small" truck.Compared to a 1953 3/4 ton Checy or F series it is an absolute behemoth

Reply to
clare

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