Is Mercedes-Benz warranty better than BMW’s?
There are some similarities between the two brands, but once again, BMW comes out on top. BMW and Mercedes-Benz both offer 4 years and 50,000 miles of coverage with their new vehicle warranties, but those who opt for a BMW will also be able to enjoy BMW Ultimate Care standard for the first 3 years or 36,000 miles. Mercedes-Benz Service is recommended after 1 year or 10,000 miles, whichever occurs first. Mercedes-Benz Service B comes after, and is recommended after 2 years or 20,000 miles, whichever occurs first. Throughout the life of your car, you’ll alternate between these service intervals to protect its parts and systems.Luxury vehicles from German manufacturers tend to be the most expensive to maintain, with BMW and Mercedes-Benz leading the pack. Based on average maintenance costs over 10 years: BMW – $17,800. Mercedes-Benz – $12,900.That being said, some recent studies show that BMW models can last up to 200,000 to 250,000 miles, with an average lifespan of at least 15 years. On the other hand, Mercedes-Benz vehicles tend to last up to 150,000 to 200,000 miles with an average lifespan of over 10 years.
How much should I pay for a Mercedes extended warranty?
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. Extended warranties for cars over 100,000 miles cost $136 per month or $1,398 per year of coverage on average.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.Today, extended warranties represent a global industry worth over $120 billion annually, with profit margins that frequently exceed 50%. For many retailers, these warranties have become more profitable than the actual products they’re designed to protect.Most warranty providers, like CarShield, have standard waiting periods of 30 days and 1,000 miles. Some can stretch as long as 90 days. So, if you’re looking to close the gap between your factory warranty and your extended warranty, be sure to check your warranty agreement and time your purchase accordingly.
What’s a good price 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. 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.Compare the specifics of the plans you’re considering to find one that matches your needs. How long is coverage available? Extended warranty plans typically cover your vehicle anywhere from 2 to 7 years. If you expect to keep your car for several years, a longer plan may make sense for you.Additionally, you can purchase Mercedes-Benz Extended Limited Warranty coverage at any time prior to the expiration of your original New Vehicle Limited Warranty.Whether you have an extended warranty or a vehicle service contract, you typically have two options—transfer the coverage to the new owner or cancel it for a prorated refund.Greater Peace of Mind If a car part breaks down, An Extended Warranty offers comfort. If you like to gamble you may want to save some money and take on the chance of expensive repairs. You may need the protection of an Extended Vehicle Warranty, if you are not in the position to pay for a pricey repair out of pocket.
Is it worth extending a Mercedes warranty?
New and Pre-Owned Extended Warranties 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. A Mercedes-Benz Extended Warranty is available as a 12-month, 24-month or monthly ‘pay as you go’ policy. You can either choose to pay for your policy with one single payment for 12 months or 24 months cover, or you can choose to have cover that renews each month via a monthly Direct Debit.Extended warranties can offer peace of mind, functioning as a safety net for certain purchases. However, many products are reliable, so the cost of an extended warranty might outweigh the benefits.The average cost of an extended auto warranty is about $90 per month, though rates vary based on your car’s age, mileage, make, and more.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.
What is not covered by extended warranty?
They typically don’t cover damage that may occur in an accident or normal wear and tear to the vehicle. An auto service contract or extended warranty is not a warranty as defined by federal law, because you buy it separately; it’s not included when you buy a car. 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.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.Additionally, you can purchase Mercedes-Benz Extended Limited Warranty coverage at any time prior to the expiration of your original New Vehicle Limited Warranty.The benefits of an extended warranty After the manufacturer’s warranty has expired, you may consider taking out an extended warranty on a used car. The advantages of this are that you gain the peace of mind of being able to cover the cost of certain repairs to your vehicle for the period of the warranty.
What type of defect is covered during an extended warranty?
Extended Warranty covers all defects arising due to faulty manufacturing. However, damages arising due to improper handling are not covered by Extended Warranty Team. Please find below exclusions under the Extended Warranty terms and conditions. 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.What Is Not Covered Under an Extended Warranty. Preexisting damage: If your car is already damaged before you buy a warranty, the warranty won’t pay for repairs related to that damage. Normal wear and tear: Damage due to normal wear and tear, such as an alternator breaking down over time, may not be covered.You don’t have to buy an extended warranty on a new car at the time of purchasing the car, Linkov said. You can buy it from another dealer of the same brand a few years after buying the car.
What does Dave Ramsey say about extended warranties?
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! Like most goods and services, extended warranty policies can come with the option of getting refunds. However, extended warranties — especially automobile extended warranties — are unique entities and, as such, have unique characteristics regarding when and how refunds are available.The likelihood of needing an extended warranty is low, especially if the product is durable and reliable. The cost of an extended warranty may be more than the cost of repair or replacement of the product.You can cancel an extended warranty at any time and you’ll get a prorated refund for the unused portion of your policy.When can I buy the Extended Warranty? The best time to buy the extended warranty is while buying your car. You can also buy your extended warranty later on, so long as the car is still under the new vehicle warranty. However, buying the plan later on implies a higher cost than when buying along with the new car.