Originally Posted by CowboyBilly9Mile
Did your buddy buy it at the time he bought the vehicle, or ultra soon thereafter? What I have seen is that on vehicles that are wayyyy past expiration of factory warranty is that the insurer may require you to take it in, at your expense, for a health checkup. They don't want to willingly/knowingly take on vehicles with problems as this causes them to have to raise policy prices in order to recoup. This makes future policies more expensive than their competitors, and they lose business. Insurance companies exist for the sole purpose of making money and not to lose it. Your/our/my needs come second.
As was noted earlier, read that fine print very, very carefully; many of the third party (non-Ford) make sure they have plenty of loopholes and wiggle room. Then there is the matter of the deductible. As for the best policy to buy, the one that is most likely to deliver results with the fewest possible hassles, I've heard over and over that the only policy you really want to consider is the one offered by Ford. I don't know a price, but after finding them and reading the fine print, perhaps buying a rebuilt or used tranny and putting it in yourself will make good sense.
Yeah, he actually scammed them, which is crap. He put it on a lift and moved the tires for the mileage so he could get the new transmission, and waited. I wouldn't do that. Ford's trans tech says my transmission is fine, and that it was a fluke. I've driven in 10 times since, even beating on it.. and the O/D light has gone away.
The evap light I found out is from topping off my fuel tank. Oops.
I wouldn't just pay a few months worth and bail when trans dies, that's fraud and raises the prices for everyone else. I have had the vehicle under a year. I always read the fine print, and he did not have to take his vehicle in for service, but I believe a local mechanic looked it over "and gave them the OK" which of course was rigged.
I am more interested in the ability to pay off the repairs via insurance and pay extra for piece of mind throughout the next few years I own the truck.
May be a better move to just throw the 500 dollar junk yard transmission in to it when it dies, it IS a 2wd which are MUCH cheaper to put transmissions in, much easier.