I'm approaching the end of my 36-month bumper to bumper warranty and I'm considering purchasing an extended warranty through Flood Ford. Here are the current prices from Flood for my 2014 FFE. I note that they have gone up somewhat over the past few years, based on previous posts in this forum.
I've always considered extended warranty's to be expensive moneymakers for dealers, but I'm considering purchasing one this time around. My use case is kind of unique -- our FFE is our non-primary car since we have small kids and prefer to use our SUV most of the time for hauling everyone and their extensive stuff (e.g. strollers, bikes, scooters, etc) around. I also have a 3 mile round trip commute to work. Needless to say we don't put many miles on the FFE (only 9500 miles after 36 months) although I am very happy with the car. Since we put so few miles on it, and I would like to keep it for as long as it runs, I'm leaning towards purchasing the 8-year, 36,000 mile, $0 deductible warranty for $690. I figure this way, I can keep the car for another 5 years (it will still have probably less than 30,000 miles on it) and have the peace of mind of knowing that if anything goes wrong, it won't cost me a penny out of pocket. The annual cost for that peace of mind is about $140 per year, but I figure if anything goes wrong once or twice, I will likely break even or finish ahead economically.
Thoughts? Anyone purchased the extended warranty and have any experience getting your car serviced under the warranty? Any other considerations I should take into account. Thanks!