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Extended Warranty

Jccams

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I have a 2019 GT with 28000 miles on it, second owner. Obviously the warranty has expired on time. Are there any warranties available that are good in this situation?
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Skye

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https://www.mustang6g.com/forums/threads/used-vehicle-extended-warranty-granger-motors.197135/

Granger offers such a warranty. It appears you may meet their requirements.

"To qualify, your vehicle must be 2014 or newer, under 80,000 miles and over 41 months and/or 40,999 miles from the original in-service date. The vehicle must also pass an inspection from either a 3rd party company, which we can help with or a certified technician near you. We will need the inspection documentation before purchase."

Disclosure: I purchased an extended warranty through Granger.
 
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MAGS1

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+1 for the Ford ESP through Granger. Easy process and great price. I also bought my ESP through them
 
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Jccams

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Thanks guys, I have sent Zach a DM. I am not sure my car is eigable, we will see.
 
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ORRadtech

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Or you could self insure.
Take that $2000 (or whatever) and invest it and use that money for repairs if needed. If it's not needed then you have a nice little sum for whatever you want.
Aftermarket "Warranties", even Ford branded ones, are nothing more than insurance policies and insurance companies don't lose. They invest that money then do their best to avoid paying any back out. The vast majority of cars never need any major repairs and so those "warranty" policies go unused.
If you haven't guessed yet, I never buy aftermarket insurance policies on anything.
 

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MAGS1

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3rdRGR

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I actually got a second extended warranty via Flood when my first one was about to expire. Tucking away 2K to save for repairs is great, unless you run into a major repair. Then the 5 cents you made in interest on that 2K won't replace your A10. I personally feel good about the investment as I'm in a 2018 with 72K miles and am still 100% covered bumper to bumper for a 50 dollar deductible. If I do sell it, no way I don't squeak out an extra 2K to reimburse myself and it puts it towards the front of the pack for anyone buying a similar year/mileage Mustang.
 

13GetThere

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I'm in the middle of a claim right now on an extended warranty. So far I've been told I'm covered and approved with a $50 deductible. Waiting on the parts right now.
I'll update when the results are in.
 

ORRadtech

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I bought my first new car in 1975. I've bought numerous new and year or two old cars since. I've never had an engine or transmission fail on one of those. In fact, of all the cars trucks, boats and motorcycles I've owned I've had no engine failures and only one transmission fail outside of an original factory warranty.
But you do what you are comfortable with.
Like I said, the insurance company is not going to lose money.
Oh, and if your financial advisor is only getting you a 5 cent return you need to fire them quick and find one that knows what they are doing...
 

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Jccams

Jccams

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Well for anyone considering an extended warranty, Grainger now starts at MY 2020, so I guess that takes care of that.
 

klink

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Or you could self insure.
Take that $2000 (or whatever) and invest it and use that money for repairs if needed. If it's not needed then you have a nice little sum for whatever you want.
Aftermarket "Warranties", even Ford branded ones, are nothing more than insurance policies and insurance companies don't lose. They invest that money then do their best to avoid paying any back out. The vast majority of cars never need any major repairs and so those "warranty" policies go unused.
If you haven't guessed yet, I never buy aftermarket insurance policies on anything.
THIS
 
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Jccams

Jccams

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Take a long time to accumulate enough on a $2000 investment to cover a motor or transmission.
 

ORRadtech

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Take a long time to accumulate enough on a $2000 investment to cover a motor or transmission.
Yeah, you're right. But how many engines or transmissions have you had to replace?
As I said before, since my first new car in 1975 I have had to have one transmission replaced outside of the original factory warranty.
Sure some people do OK buying a aftermarket insurance policy. On a fourm like this, or any vehicle fourm really, you are going to get people looking for fixes for issues. But even if you get 50 or a hundred people say they had an engine or transmission replaced by an aftermarket policy that's a tiny fraction of the cars driving around with zero issues.
Even if I have an engine fail tomorrow I'm still money ahead from not buying the aftermarket stuff all these years.
 

13GetThere

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Kinda late on updating my last post here.
I got my Mustang back the day after the parts came in. I took it for a drive on some roads where I could test the different modes to make sure they were working. So far everything seems to be working properly, but that's not what this thread is about.
While I don't know what the repair and parts actually cost, I find it hard to believe that it wasn't cheap. I believe that my extended warranty was well worth the money I paid for it. With the results I had on this claim it has given me peace of mind and covered a cost that may well have been more than I paid for the warranty.
You can do what you want, but when the factory warranty is about to expire, I think it is wise to get an extended warranty.
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