Is it worth buying an extended warranty on a vehicle?
Extended warranties are insurance products — and like all insurance, they only make sense in specific situations. Buy if: Your car’s predicted reliability is questionable, you lack savings, and you can secure an affordable, exclusionary policy from a reputable provider. The Mercedes-Benz Extended Limited Warranty offers additional coverage with term options for up to three years after the original New Vehicle Limited Warranty expires. Put your trust in us. To purchase the Extended Limited Warranty or to learn more, please visit an authorized Mercedes-Benz dealership.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.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.All manufacturers offer extended warranties. However, many of these warranties only last up to 100,000 miles. Your car’s manufacturer might not have a plan that covers repairs after 100,000 miles. That said, some manufacturers can cover cars after 100,000 miles.
Can I negotiate the price of an extended 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. 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.An extended warranty typically costs an average of $600 to $2,000 per year, but that varies widely based on where you buy the warranty, the reliability of the vehicle the warranty covers, and other factors. The price of an extended warranty also is negotiable.If you buy a new car so often that the new car smell hardly dissipates before your next one arrives, you don’t need an extended warranty. On the other hand, if you typically keep your car well past its factory warranty expiration, think about buying an additional auto warranty.The pros of an extended warranty include the following: Greater Peace of Mind: Knowing you’re covered for unexpected repairs can reduce stress and alleviate the worry of having to pay for costly fixes out of pocket. This can be especially valuable for those who rely on their vehicle for work or important daily tasks.
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 Extended Warranty Protections Honored at more than 350 authorized Mercedes-Benz dealerships. New Vehicle Warranty.Additionally, you can purchase Mercedes-Benz Extended Limited Warranty coverage at any time prior to the expiration of your original New Vehicle Limited Warranty.Like the plug-in hybrid battery warranty, the Mercedes-Benz EV battery warranty for models such as the Mercedes-Benz EQS and Mercedes-Benz EQB lasts longer in California than in most states. In total, the battery is covered under the warranty for 15 years or 150,000 miles, whichever comes first.Once your CPO Limited Warranty expires, the CPO Extended Limited Warranty offers up to 2 additional years (unlimited miles), providing the same comprehensive coverage. For additional details, contact your local Mercedes-Benz dealer.
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. 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.Extended warranties for cars over 100,000 miles cost $136 per month or $1,398 per year of coverage on average.Will an Extended Warranty Cover Engine Repairs? Yes. Powertrain warranties cover the engine and all of its related components, such as the cylinder block, valvetrain, and other internal mechanisms.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.An extended warranty or service contract on your vehicle pays the costs of some repairs, above what the manufacturer’s warranty covers or after the manufacturer’s warranty ends. Extended warranties and vehicle service contracts typically exclude routine maintenance such as oil changes and tire replacement.
Can you buy an extended warranty on a used Mercedes?
So that you can enjoy continued peace of mind once your CPO Limited Warranty option ends, our Mercedes-Benz Certified Pre-Owned Extended Limited Warranty program offers additional, farther-ranging coverage for either 1 or 2 years. Each coverage option comes with unlimited miles. With a Mercedes-Benz Extended Warranty, you’re covered for any costly repair bills that may arise if your car experiences a mechanical or electrical failure. As the owner of one of our Extended Warranty policies, you can drive with ease knowing you’re protected.Mercedes-Benz takes pride in crafting vehicles designed for enduring performance. Yet, routine maintenance, such as oil changes and brake pad replacements, falls outside the warranty umbrella. Discover how staying on top of these basics keeps your Mercedes running smoothly.Both BMW and Mercedes cars should return years of service if you keep on top of their scheduled maintenance. Recent reliability surveys have suggested that BMW cars are a little more reliable on average than Mercedes models.Mercedes-Benz takes pride in crafting vehicles designed for enduring performance. Yet, routine maintenance, such as oil changes and brake pad replacements, falls outside the warranty umbrella. Discover how staying on top of these basics keeps your Mercedes running smoothly.
Can I cancel my Mercedes extended warranty?
Absolutely, We consider this plan “No risk” which means that you have the option to cancel your coverage at any time and receive money back. If you have used the extended warranty you will need to speak with your dealer for information about refund policy. 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.Bottom Line on Extended Warranties Extended warranties are insurance products — and like all insurance, they only make sense in specific situations. Buy if: Your car’s predicted reliability is questionable, you lack savings, and you can secure an affordable, exclusionary policy from a reputable provider.An extended warranty or service contract on your vehicle pays the costs of some repairs, above what the manufacturer’s warranty covers or after the manufacturer’s warranty ends. Extended warranties and vehicle service contracts typically exclude routine maintenance such as oil changes and tire replacement.The short answer is “no. Mark Kotkin, Director of Consumer Reports National Research Center, says that “extended warranties tend to be a bad deal for consumers” because “most repairs do not occur during the limited time period covered by the extended warranty. Sheila Adkins, Community Outreach Manager for the Better .
When did Mercedes change to a 5 year warranty?
Mercedes-benz says a grace period will apply for those who purchase before april 1, with the new warranty structure to be backdated to march 1, 2020. Mercedes’ warranty extension follows mass adoption of five-year provisions across mainstream marques in 2019, including quasi-luxury brands such as volkswagen. 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 Extended Limited Warranty offers additional coverage with term options for up to three years after the original New Vehicle Limited Warranty expires. Put your trust in us. To purchase the Extended Limited Warranty or to learn more, please visit an authorized Mercedes-Benz dealership.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.However, extended car warranties are often not worth it due to their high upfront price and coverage restrictions. The terms and conditions of coverage often make it more cost-effective for car buyers to cover the costs of repairs themselves rather than cover the warranty cost.