Many people think about buying a car, right? But some people end up regretting it after buying it. One such experience was shared by a man on TikTok. He bought a 2023 Ford Explorer two years ago. But now he is regretting it. He calls it "my $70,000 mistake."
It is the first new car he has bought in his 40s. He claims that it is just a matter of time before he buys a new car. This video has people all over the internet saying, "A Ford Explorer usually starts at around $40,000. But for him, it ended up being a $70,000 bill."
If you're struggling financially or have poor credit, it can be difficult to finance a vehicle. The higher interest rates and longer loan terms mean the car costs more. That's probably what happened to him, which is why the $40,000 car ended up costing $70,000. After all, it's a good car, right? But he's not sure why.
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He was not able to get the car back until the two-year warranty was up. That's when he noticed some problems. First, the cabin air filter was dirty. He noticed that the car hadn't been replaced in the past two years, since he bought it. Then, he said, the trim on the rear bumper was discoloring, which was really annoying.
He also said that the car had chipped paint in several places within just 5,000 miles of purchase. He said he spoke to the dealer about it and they said it wasn't coming from under the hood. He also said that Ford's guidelines said that this could be the case throughout the car.
After the video went viral, the comments section was flooded with comments. Some were outraged at the high price tag for a Ford Explorer. One wrote, "Nobody who spends $70,000 on a Ford Explorer is qualified to give advice to anyone."
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Some also commented on the paint chips, with one saying that rock chips are not usually covered by a manufacturer's warranty. According to ConsumerAffairs, this is largely true. The warranty covers manufacturing defects. If you hit a rock while driving on the road and the paint chips off, that's not covered under the warranty. But a manufacturing defect could still cause a dent in the paint.
That's why it's so important to read the details of a car's warranty carefully. The factory warranty may cover some types of defects. Also, an extended warranty may cover some. It's a good idea to read the details in any contract carefully. Motor1 has contacted the TikTok user, as well as Ford, on this matter.
