Purchased a 2006F150 crew on the weekend. Still under factory warranty. Is it worth while to purchase the extended warranty? If so - why? Thanks Myles

 

The insurance is like life insurance.I do not recommend extended warranties on new vehicles cause you are paying for one warranty that the manufacturer gives you for free. If it is close to out of waranty, it may be a good thing. Also read very carefully. Some of them require documentation on all service and if you are late, you void the warranty. They can give you peace of mind though. Up to you.

 

Just make sure you research the extended warranty, because some only include "internally lubricated parts" which means that unless your engine goes "Kabooom" it might not be covered.

And also be aware that extended warranties are most companies biggest money makers, because they are usually limited and have all kinds loop holes.

Just do the research and weigh the costs of not having one.