Who has the best vehicle warranty in Canada?
Which vehicles come with the best warranty in Canada? Mitsubishi offers the best length of vehicle warranty, with Kia and Hyundai close behind. Mitsubishi covers 5 years/100,000 km for the comprehensive and the powertrain warranty is 10 years/160,000 km. To enhance your confidence, Honda Certified Pre-Owned Vehicles include a Honda Canada-backed Powertrain Warranty lasting 7 years or 160,000 kilometers, whichever comes first (calculated from the original in-service date). This extends the original factory Powertrain warranty by an extra 2 years or 60,000 kilometers.
What is the warranty on Mercedes in Canada?
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. Extended car warranties can be worth it if you have an older vehicle with a high mileage but may not be worth it if your vehicle isn’t likely to break down.The cost of your extended vehicle warranty depends on a variety of factors, like the make, model and age of your car. However, you’ll typically need to pay at least $1,000 per year of coverage, and you may need to pay as much as $3,000 per year, or even more.Extended car warranties aren’t set in stone. Most dealerships and third-party companies allow you to cancel it at any time to receive a prorated refund.Extended warranties for cars over 100,000 miles cost $136 per month or $1,398 per year of coverage on average.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.
What are the benefits of a Mercedes extended warranty?
Additional benefits of the Mercedes-Benz Extended Limited Warranty plan include2: Saves money and time on unexpected repairs; no deductibles, cumbersome paperwork or prior approvals required. Protects vehicle value by preserving vehicle integrity. Additionally, you can purchase Mercedes-Benz Extended Limited Warranty coverage at any time prior to the expiration of your original New Vehicle Limited Warranty.Even if your new vehicle warranty has expired, you can still get extended coverage! There are a few requirements that must be met, but we will explain and help you through these easy steps!Mercedes-Benz Extended Limited Warranty Options This coverage begins when your 4-year/50,000-mile New Vehicle Limited Warranty expires and offers an additional one, two, or three years of coverage—up to seven years or 100,000 miles, whichever comes first.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.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.
Is it a good idea to purchase an extended warranty?
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.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.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.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.That’s because you can buy an extended warranty at any point before the included factory warranty expires, which means you can hang on to your money for three years and then buy an extended warranty if you decide you need one. By then, you’ll have an idea of how reliable the car has been.