Are Extended Warranties Worth It? NTP

Discussion in 'Lease Purchase Trucking Forum' started by Daytona90, Jul 28, 2020.

  1. Daytona90

    Daytona90 Bobtail Member

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    Jul 28, 2020
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    Hello everyone

    So im looking to buy my first truck as owner operator no Finance no leasing just cash. Am looking at a truck at Penske 2016 frightener with 350Mi for around 50K but i am also looking to get the extended warranty with NTP. If anyone has experience with Them would you share your opinion with me plz negative or positive
    Thanks
     
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  3. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    Not worth the paper it's printed on imo.
     
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  4. fishonron

    fishonron Medium Load Member

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    Would you say the same for a Freightliner OEM extended warranty?
     
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  5. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    No. That's a good warranty.

    OEM or Manufacturer Warranty = good.

    After Market or NTP = bad.

    I've heard guys say they had stuff fixed with the NTP. My personal experience is they didn't fix ####. You also have to get them to authorize it, before it's fixed.

    Manufacturer you drop it off and go," When will it be ready?"

    That NTP covers like pistons, crank, stuff that doesn't break a whole lot.

    Does it cover stuff that can be hugely expensive that does break a lot ( gaskets, seals, wiring ) = no.
     
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  6. bad-luck

    bad-luck Road Train Member

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    My first truck, I purchased an extended warranty. During the warranty, the turbo went up $2500 repair, and the output shaft bearing on the transmission went and damaged the output shaft, $2500 repair. This was in the 1st year, so the warranty was definitely worth it
     
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  7. fishonron

    fishonron Medium Load Member

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    What is the cost of this warranty and how long does it last in op's case with a 2016 with 350 on it?

    Also, what would an OEM warranty cost IF it was available to op with the same 2016 with 350 on it.

    I'm asking because I'll be making this decision in the next month. I'll likely end up with a 17 or 18 with just under 400 on it.

    Thanks!
     
  8. bad-luck

    bad-luck Road Train Member

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    It was a long time ago, I think it may have been $2500. But if I remember correctly, the $2500 included the turbo and egr cooler in the warranty. The regular warranty only included all internally lubricated parts in the engine, transmission, and rears. I don't remember the length of the warranty
     
  9. JonJon78

    JonJon78 Road Train Member

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    Save your money.

    3rd party warranty companies are in the business to make money.

    Read the contracts fine print before making the decision.

    Most of them only cover a labor rate of around $100/hour, you pay the difference. You have to pay a deductible everytime truck is in shop $250 or so.

    They dont cover any shop fees, nuts, bolts, clamps, zip ties, disposal fees, nor this or that...

    Certain shops wont even deal with them.

    If you're purchasing the truck from a dealership, the salesman will claim it's the best thing since sliced bread, but he wont tell you that he receives a commission from selling it to you...

    I made the mistake once, wont happen again.
     
  10. Tug Toy

    Tug Toy Road Train Member

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    Aftermarket warranty?

    NO!
     
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