Gap and third party warranties are another source of big income for banks, credit unions and new car dealers. On top of the kickback $$ they get for selling it to you, YOU pay finance charges to them for YEARS on Service Agreements you can't use for 3 or 5 years and GAP insurance for a brief time period. All you really need is to pay the additional insurance for replacement cost coverage for the first year. The Ford Protect prices are negotiable and will go down seriously close to the end of your warranty or hard bargaining. Then you can make interest free payments with Ford, dealer forgot to tell you that didn't they! Third party service agreements seldom come up to the Ford Protect levels and are not like you can pull into a Ford Dealer and walk away without paying dearly or getting pre approval. Our car has a reputation of excellent reliability with the exception of the automatic transmission being junk in the other Fiesta's. My car recently went out of the 3 Year warranty period. The drive train is still warranted for 5 years so I have no reason to purchase one. But if I had a reason I would not do the third party thing. So for 50K miles the expensive parts are covered. Parts are cheap on our cars so I just cannot justify any service agreement at all for this car. To each their own, Caveat Emptor!
