Should I buy an extended warranty on a used car in Canada?
Extended warranties typically include benefits such as roadside assistance, rental car reimbursement, and access to certified repair facilities. For used car owners, these perks can make a significant difference in both convenience and cost savings. Upfront Cost: Extended warranties can be expensive, and you might never use them. Weighing the cost of the warranty against the potential repair bills is crucial. Limited Coverage: Many warranties have exclusions and may not cover all types of repairs.Going into effect as soon as your New Vehicle Limited Warranty expires, the New Vehicle Extended Warranty helps protect your vehicle after the first 48 months or 50,000 miles. This warranty covers components such as the engine, transmission, climate control, electrical systems, and many more.The warranty providers design these plans to be profitable. On average, customers pay more for the policy than they receive in covered repairs. Extended warranties are rarely a smart idea, especially if it’s a used car,” according to the consumer advocates at the Public Interest Research Group.New Vehicles An extended warranty may not be worth the cost if you’re planning on switching your vehicle within 10 years, since many modern vehicles are highly reliable. If you do plan on keeping the vehicle for 10+ years, then an extended warranty is certainly recommended.
When to buy a Mercedes extended warranty?
Gain the peace of mind that comes with the exceptional coverage and service you get with Mercedes-Benz Extended Limited Warranty. The Mercedes-Benz Extended Limited Warranty is available for purchase before, and is effective as soon as, the New Vehicle Limited Warranty expires. With this in mind, if you plan to drive your vehicle beyond its four-year/80,000 km new vehicle warranty, then a Mercedes-Benz Extended Limited Warranty might be right for you. Extended coverage is available for up to seven years or up to a 160,000 km maximum, whichever comes first.Our Extended Warranty product has both a mileage limit and an age limit. In order to take out an Extended Warranty for your Mercedes-Benz, your car must not have completed more than 120,000 miles (or 100,000 miles for AMG and Maybach vehicles) at the start of the policy.The cost of a Mercedes extended warranty can range from $2,400 to nearly $8,000, depending on the vehicle and plan. You can extend the factory warranty by one to three years and cover up to 75,000 or 100,000 miles on the odometer.The Mercedes-Benz Certified Pre-Owned Extended Limited Warranty offers affordable additional coverage for 1 Year/Unlimited Mileage or 2 Years/Unlimited Mileage, helping you get the most out of your MBCPO.
Where can I buy a Mercedes-Benz extended warranty?
To purchase the Extended Limited Warranty or to learn more, please visit an authorized Mercedes-Benz dealership. To locate a dealership visit MBUSA. FOR-MERCEDES (1-800-367-6372) today. Product offered and administered by Mercedes-Benz USA, LLC, and marketed by Mercedes-Benz Financial Services. Yes, you can purchase an Extended Warranty at any time, even if you don’t have an existing Mercedes-Benz warranty. However, please be aware that you’ll be unable to take out a monthly or 24-month policy, and will need to purchase a 12-month policy.Community Answer Extended **warranties **may not be a smart financial decision as retail items and products rarely break or malfunction. Most retailers will replace or repair the **product **if it stops working within the first year. Retailers may not always keep their promises when it comes to extended warranties.New Mercedes vehicles typically come with a 3-year manufacturer warranty. At the end of your manufacturer warranty, you can generally extend for future years. AA Extended Warranty offers an alternate way to protect your Mercedes against potentially expensive repair bills.Best of all, purchasing the Extended Limited Warranty means you will have no complicated paperwork to process and no out-of-pocket expenses for any warranty repairs performed by an authorized Mercedes-Benz dealership. No deductible. No hassle. Nothing to interfere with your enjoyment of the road.Like most insurance policies, an extended warranty is something you pay for in the hope that you’ll never need to use it. For many owners, it’s worth paying the price for peace of mind; even if your car is built by a brand renowned for its reliability, there’s always a risk that something could go wrong.
How much does it cost to extend a Mercedes warranty?
Once your original Mercedes-Benz warranty is up, you can opt for a Mercedes-Benz extended warranty that can add between 50,000 and 100,000 miles of extra coverage depending on which package you choose. What is the Mercedes-Benz extended warranty cost? Between $2,400 and $8,200. Every Certified Pre-Owned Mercedes-Benz comes with its remaining 4 year/50,000 mile New Vehicle Limited Warranty. Once the New Vehicle Limited Warranty has expired, the CPO Limited Warranty kicks in, providing an additional 12 months of coverage with unlimited miles.Standard with your purchase of a new Mercedes-Benz, this warranty protects against material and craftsmanship defects. Coverage lasts for 48 months or 50,000 miles, whichever comes first. It’s also transferable if you decide to sell your vehicle.Every Mercedes-Benz Approved Used car for sale comes with a guarantee of at least 12 months’ comprehensive unlimited mileage warranty.Mercedes-Benz new and demonstrator vehicles first registered on or after 1 March 2020 receive a 5 year Warranty period. If you purchased a Mercedes-Benz prior to 1 March 2020, you will have a 3 year warranty. We can extend car warranty coverage on selected Mercedes-Benz vehicles for an additional three years.The Mercedes-Benz Warranty covers bumper-to-bumper and powertrain components, rust perforation, emission components, and safety belts. It protects against defects originating from the factory but does not cover normal wear and tear or maintenance costs.
How much should I expect to pay for an extended warranty?
Based on this data, extended auto warranties cost an average of $1,297 per year across providers, plans, coverage options and vehicles. We also surveyed 1,000 extended auto warranty owners in January 2025. The majority of respondents, 70%, paid between $500 and $2,500 in total for an extended warranty plan. Extended warranties are great for people who want to be prepared for possible repairs that may be needed once the factory warranty expires. Keep in mind there is a difference between third party and factory warranties.Cons of an extended warranty Limited coverage: Extended warranties don’t cover all types of damage, nor do they always cover all of your car’s components. Loss of use may not be covered: Not all warranties include coverage for a rental car or other transportation fees in the event of an extended repair time.An extended warranty price represents a percentage of the total product cost. As a general rule of thumb, you shouldn’t spend more than 30% of the product cost on a product warranty.Negotiating a Better Deal Speak with the finance and insurance managers, explain that you want to buy a new car and need to talk to them about the factory extended warranty on the vehicle. You may find that three different dealerships will give you three different prices on the same coverage.
Are extended car warranties worth it for Mercedes-Benz?
If you value peace of mind and are concerned about potential repair costs, an extended warranty could be worth it. However, if you prefer to save money and believe your vehicle will remain reliable, you might opt to forgo the warranty. An extended warranty provides an added layer of financial protection beyond the manufacturer’s warranty, potentially sparing you from unforeseen repair expenses down the road. It can offer peace of mind and financial security, particularly for those dealing with mechanical and electrical failures.Instead of buying a bunch of extended warranties that you’ll probably never use, you’re better off self-insuring by paying yourself the warranty payments. That way, if your TV does break after the normal warranty, you have the money saved to fix it. If not, it’s your money to keep. It’s a win-win!While car insurance and extended warranties share the goal of protecting your vehicle, they serve different purposes. Car insurance is essential for addressing damages resulting from accidents and external events, while an extended warranty focuses on covering the costs of mechanical breakdowns.Upfront Cost: Extended warranties can be expensive, and you might never use them. Weighing the cost of the warranty against the potential repair bills is crucial. Limited Coverage: Many warranties have exclusions and may not cover all types of repairs.Instead of buying a bunch of extended warranties that you’ll probably never use, you’re better off self-insuring by paying yourself the warranty payments. That way, if your TV does break after the normal warranty, you have the money saved to fix it. If not, it’s your money to keep. It’s a win-win!
How much is a 100,000 mile extended warranty?
Extended warranties for cars over 100,000 miles cost $136 per month or $1,398 per year of coverage on average. A used car warranty extension is an additional contractual agreement that you can purchase to extend the coverage on a pre-owned vehicle. These extensions provide continued protection of your vehicle, despite being older and with more mileage on the clock.What Do Extended Warranties Cover? The engine, transmission and other major vehicle components are generally protected by extended warranties. However, they often exclude regular maintenance items like tire replacements and oil changes.What percentage of people buy extended car warranties? About 37% of vehicle owners hold an extended warranty. Only 1 in 10, however, actually use their warranty.What happens to my extended warranty when I sell my vehicle? You have two main options: Transfer it to the new owner (if allowed by your provider). Cancel it for a prorated refund (if applicable).