Lets Discuss Extended Warranty Options

[angore]

Understand., Before I call. I just want to know what others are being quoted. They offered an interest free payment plan in April. I asked if there was any advantage in purchasing earler and they said no except for lockling in rates. But $100 is nothing in the grand scheme of owning a Nautilus.

 

[bbf2530]

Understand., Before I call. I just want to know what others are being quoted. They offered an interest free payment plan in April.

Hi angore. We can also work up the pricing ourselves on the websites of all the above recommended online sellers (Zeigler, Granger, Flood, Lombard etc.), and most others too.

As opposed to physical Dealerships in our particular area, there is usually little to no room for negotiations with the better online sellers. Their prices are already virtually rock bottom.

Let us know how you make out and good luck.

 

[swindler]

2- Plan pricing only increases, not decreases, over time due to inflation etc. So the same plan will cost more in 1-2-3- years. As you are aware of with the coming increases.

Just a comment, but inflationary increases really don't matter. Your money is more valuable to you today than it is in 2-3 years. If you're an investor, your money today might gain 10-20% versus inflation of 3%. Heck, even with interest rates dropping, my current rate is 5.3%.

Of course, the increased cost of an ESP warranty will likely exceed inflation, but the question is whether it will exceed the increase of your portfolio.

 

[LHB]

Hi angore. Autocorrect strikes again! Didn’t catch it this time. I’ll correct it now. And you’re very welcome.

Regarding advantages to purchasing early, there are two slight ones:
1- There is an additional $100 service charge assessed if the plan is purchased after 1 year in-service.
2- Plan pricing only increases, not decreases, over time due to inflation etc. So the same plan will cost more in 1-2-3- years. As you are aware of with the coming increases.

Of course, the advantage to waiting is…If we decide to sell in the first 4 years, we have not spent money on a plan we didn’t need.

Good luck.

May also note that if you sell/trade the vehicle before the end of the coverage you can get a refund on the unused portion of the ESP. If you sell the vehicle the ESP may be transferred to new owner … may decrease time to sell and improve sell price.

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[bbf2530]

May also note that if you sell/trade the vehicle before the end of the coverage you can get a refund on the unused portion of the ESP. If you sell the vehicle the ESP may be transferred to new owner … may decrease time to sell and improve sell price.

Hi gang. LHB is correct.

However, something to keep in mind is the start date of a new vehicle purchase LincolnProtect ESP is the vehicle in-service date. That is the date the vehicle was purchased by the original owner. Not the purchase date of the ESP, or the end of the New Vehicle Warranty, etc.

An example of what that means is:
We purchase a new vehicle today, 8/28/24. Then two years from today, on 8/28/26, we purchase a 10 year/100,000 mile LincolnProtect ESP.

The 10 year ESP coverage countdown began on 8/28/24 when we purchased the vehicle, not 8/24/26, nor when the 4 year/50,000 mile New Vehicle warranty expires.

So, as another example, using the above dates:
If we cancel the LincolnProtect ESP on 8/28/30, our refund would only be for the remaining 4 years of the ESP.
Even if we cancelled the ESP on 8/27/28, one day before the 4 year New Vehicle Warranty expires, our refund would be deducted those 3 years, 355 days. Even though our New Vehicle Warranty had not yet expired.

Hopefully I explained that in an understandable manner. If not, feel free to ask questions.

Good luck.

 

[angore]

Here are the details.

 

[angore]

The online Lincoln Protect calculator still does not make sense which is why I was asking for feedback from those who have actually requested quotes recently.

Here is a proposal that basically does not even cover the bumper to bumper period and they price it at $1420.

I have a 4 year 50k bumper to bumper.

 

[bbf2530]

The online Lincoln Protect calculator still does not make sense which is why I was asking for feedback from those who have actually requested quotes recently.

Here is a proposal that basically does not even cover the bumper to bumper period and they price it at $1420.

I have a 4 year 50k bumper to bumper.


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Hi angore. Yes, you are correct it makes no sense because it makes no sense to purchase a 4 year/50,000 mile ESP on a new purchase vehicle.
A 4 year/50,000 mile LincolnProtect ESP is redundant coverage, since all that time/mileage duration does is duplicate the 4 year/50,000 mile New Vehicle Warranty. As the chart explains, and I tried to explain earlier.

Perhaps I’m not understanding your question, in which case please provide a bit more information.

And I have requested quotes recently, which was why I answered and am trying to help.

EDIT- Also, who/what seller was that quote from?

Good luck.

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[angore]

Please elaborate on cost quotes you obtained. I had originally thought they added extras during base warranty. They have a key fob replacement option.

 

[bbf2530]

Please elaborate on cost quotes you obtained. I had originally thought they added extras during base warranty. They have a key fob replacement option.

Hi angore. Yes, there are “extras” available. However, the only valuable “extras” which are not in the 4 year/50,000 mile New Vehicle Warranty are essentially the Key coverage (replacement if you lose them) and the Enhanced rental car coverage if your vehicle is in for service. And it obviously is not financially sound to pay $1,420 for key and rental car coverage.

This is why it makes little financial sense to purchase a 4 year/50,000 mile New Vehicle ESP.

On the other hand, if we are a high annual mileage driver and were going with a 4 year/75,000 mile (or higher mileage) coverage, and/or 5-6-7+ years, then an ESP can be a wise purchase.

Like you, I keep my cars for a long time. And in my case, I am a low annual mileage driver. So I purchased the 8 year/75,000 mile PremiumCare Plan (8 years was the maximum year choice at the time, it is now 10). $0 deductible. Key and LED Lighting coverages. Enhanced/First day Rental coverage. If I recall correctly, the cost was in the mid $1,600 range.
I would have gone with 10 years if it was available at the time.

I had also added an EDIT to my previous post asking who/where that quote you posted in your reply came from?
You can save yourself a lot of angst by simply getting quotes from the 3 sellers we have previously mentioned in this thread and others.
Granger Ford, Zeigler Automotive, and Flood Ford. They are essentially the 3 lowest price sellers. Some also mention Lombard Ford.

Also, it may help if you let us know how many years of coverage and the mileage limit you actually want.

Keep us updated and good luck.

 

[04 LTC]

Please elaborate on cost quotes you obtained. I had originally thought they added extras during base warranty. They have a key fob replacement option.

I am finalizing the purchase of a 10 yr/100K Premium Care with Lighting and $100 deductible from Granger for $1230. I received 4 quotes total including from the dealer I bought the car from. My dealer was the highest at $2145. Flood was $1945. Ziegler was $1570.

 

[bbf2530]

I am finalizing the purchase of a 10 yr/100K Premium Care with Lighting and $100 deductible from Granger for $1230. I received 4 quotes total including from the dealer I bought the car from. My dealer was the highest at $2145. Flood was $1945. Ziegler was $1570.

Hi 04 Lincoln Town Car. Great news!

If I can make a few recommendations: If you haven’t done so, add the Key Coverage and Enhanced/First Day rental coverage. And compare/think about going to the $0 deductible.

The added costs of the Key and Rental coverages are minimal, and the additional coverages are very good. The Key coverage not only covers defective/broken key fobs, it also covers replacement of lost fobs. And those fobs and programming are expensive.
And the first day rental coverage gets you a rental or loaner when your vehicle is in for service after the new vehicle warranties have expired and the ESP is our only coverage.

In the case of my ESP contract, the $0 deductible was only ~$200 more than the $100 deductible. So 2-3 service visits over the course of the entire ESP contract eats up that $200 difference in no time.
So take the time to see what the cost difference would be for your vehicle contract, if you haven’t already done so. It may be worth it for you too. Or it may not be.

Just a few things to think about.

Let us know how you make out and good luck.

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[angore]

I called and they quoted $3140 for 8 y 85k miles for premium coverage. During base warranty you get LED, rental, and FOB protection. A quick summary is for a net 35k 4 yr or about $800 per year after bumper to bumper plus overlaps power train warranty. They said price is based upon MSRP.

 

[bbf2530]

I called and they quoted $3140 for 8 y 85k miles for premium coverage. During base warranty you get LED, rental, and FOB protection. A quick summary is for a net 35k 4 yr or about $800 per year after bumper to bumper plus overlaps power train warranty. They said price is based upon MSRP.

Hi angore. Who is “they”? Pricing varies greatly between sellers. Who are you getting that particular quote from?
And have you worked up quotes from Granger Ford, Ziegler Automotive and Flood Ford, as previously recommended?

Also, just as an FYI…Our new Lincoln vehicles already have LED lighting and rental car coverage during the 4 year/50,000 mile New Vehicle Warranty. And the key fobs are also covered for defects (but not damage/loss) during the 4 year/50,000 mile New Vehicle Warranty.

Good luck.

 

[angore]

Hi angore. Who is “they”? Pricing varies greatly between sellers. Who are you getting that particular quote from?
And have you worked up quotes from Granger Ford, Ziegler Automotive and Flood Ford, as previously recommended?

Good luck.

Lincoln directly so far. Much higher than expected.

 

[bbf2530]

Lincoln directly

Hi angore . Do not purchase directly through Lincoln/Lincoln ESP. They charge retail/MSRP and even higher sometimes.

Purchase through the 3 online LincolnProtect ESP sellers we have already recommended.

Keep us updated and good luck.

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[bbf2530]

I called and they quoted $3140 for 8 y 85k miles for premium coverage. During base warranty you get LED, rental, and FOB protection. A quick summary is for a net 35k 4 yr or about $800 per year after bumper to bumper plus overlaps power train warranty. They said price is based upon MSRP.

Hi angore. I forgot to add: The rep gave you a very incomplete explanation of how pricing is determined.

Pricing is determined by many factors. Yes, MSRP is a factor. However, there are many other determining factors, including past repair frequency claims on that particular vehicle model/trim level with particular features/options, current claims frequency, forecasts of future claims frequency, how much the particular seller is willing to discount off of list/MSRP pricing, and more…etc. etc.

ESP pricing is not based on MSRP alone.

Good luck.

 

[angore]

I understand it is more complex than that. I have only begun to search. I was asking for hard numbers but mostly getting non-specific commentary except from one person.

 

[bbf2530]

I understand it is more complex than that. I have only begun to search. I was asking for hard numbers but mostly getting non-specific commentary except from one person.

Hi angore. Many of us have answered these questions for many others in the past.
What you consider non-specific commentary is an effort to help you get the best pricing in the quickest method possible.

This is because “hard numbers” from others, from various sellers, with various vehicles and trim levels, plan coverages, deductibles, optional coverages etc. mean nothing.

And obviously, we can’t know what you understand or don’t understand, when all you said was “They said price is based upon MSRP”, without also telling us you know it’s “more complex than that”. So we are led to believe you believed it’s only based on MSRP, when it is not.

The names of the top three sellers offering the lowest pricing have been given to you. That is where “hard numbers” are obtained. Perform your research with those sellers, and your research will be much simpler and accurate.

However, since you want other answers, I will politely step away and let others help you in your way.

Good luck.

 

[swindler]

I understand it is more complex than that. I have only begun to search. I was asking for hard numbers but mostly getting non-specific commentary except from one person.

I could comment, but I bought the ESP package from the dealer — which you're not supposed to do. So don't listen to me, as usual.