Hit 100k miles on my truck and my extended warranty actually paid off big time

My 2015 F-150 just rolled past 100k miles last week. I was always told those extended warranties are a scam but I had a major transmission issue at 98k. The warranty covered $3,200 of the $4k repair bill. Still cost me $800 out of pocket but way less than the full price. Anyone else actually get good use out of their warranty at high mileage?

2 comments

2 Comments

phoenix_singh9d ago

Man I've heard the same thing from people, that extended warranties are just a way to get your money. But I got a buddy who's a mechanic and he says it really depends on the company and the plan. He told me about one of his customers who had a 2014 Silverado and the warranty covered a whole engine rebuild around 120k miles. Saved them like five grand. So I guess sometimes they actually work out. Your case with the transmission is pretty solid proof too.

verap528d ago

Exactly @phoenix_singh, the real trick is reading every single line of fine print before you sign anything.