What Extended Warranty Should I Buy?
This is probably the most common question we receive on a daily basis. There is no one-size fits all solution to this, but I'm going to do my best to shed some light on this topic.
There are 2 main questions to consider regarding the purchase of an extended warranty. First, is how many miles do you drive a year? The average driver in the United States drives 13,500 miles annually. Do you drive more or less? Second, How long do you normally keep a vehicle? 8.4 Years is the national average for a new car purchased in the United States.
I would advise the average American new car driver to purchase an 8-year 100,000 mile or 9-year and 125,000 mile extended through Ford Protect. This would provide enough coverage to ensure they are protected from risk while driving the vehicle and contribute to a great re-sale value when they are done driving the vehicle and look to sell or trade it in without any outstanding issues.
What we’ve found Is the majority of our customers opt for a 7- or 8-year coverage and between 100,000-125,000 miles as their desired coverage as well. 50% of our customers opt for those terms and coverages.
Here is a sample of about 3,000 of our customers and what term and mileage they opted for when picking out a contract.
View attachment 122951
As always, you can find the best pricing on our website
www.grangerfordextendedwarranty.com
Zach
