Should you get an extended warranty on used cars?
If you’re shopping for a used car, you might consider getting an extended warranty. After all, a used car could be troublesome and have expensive repairs. An extended warranty might be a good way to avoid a hefty repair bill, or it could be an unnecessary expense. An extended warranty can provide many benefits, including financial coverage and peace of mind, should something go wrong with your vehicle. If you are considering the purchase of an extended warranty for your used car, it is possible to negotiate with the dealer for the best price and the warranty coverage you need.At the end of the day, the decision to purchase an extended warranty really comes down to the value that you place on peace of mind. Many extended warranties, especially those offered for lower-cost items, are overrated and offer limited coverage.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.It’s not too late to get an extended warranty on your car, even if it’s been out of warranty for years. Commonly referred to as a Vehicle Service Contract, an extended auto warranty offered by third parties is the best bet to keep out of control repair costs in check.Yes, extended warranty plans can be worth it if you don’t want to pay out of pocket for expensive repair bills. They work best for car owners looking to keep their vehicle for a long time — way past when the manufacturer factory warranty expires.
Is an extended warranty worth it on a Mercedes?
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. 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.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.The Extended Limited Warranty can be purchased at any time during the new vehicle basic warranty period (48 months/80,000 km), as long as the vehicle has been regularly maintained at an authorized Mercedes-Benz Retailer.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.Beyond the assurance of a painstaking certification process and 24-hour Roadside Assistance, every Certified Pre-Owned Mercedes-Benz now comes with industry-leading coverage: an unlimited-mileage warranty for one year that can be extended for up to two additional years.
Can you buy a Mercedes extended warranty later?
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 Mercedes-Benz Certified Pre-Owned program provides additional assurance beyond its thorough vetting process. Some of the benefits these models enjoy include: Comprehensive Warranty – The balance of the original New Vehicle Limited Warranty applies, along with an additional 1-year/unlimited-mile warranty.Mercedes-Benz Extended Warranty Protections Honored at more than 350 authorized Mercedes-Benz dealerships. New Vehicle Warranty.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 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.
Do used Mercedes come with a warranty?
One year unlimited mileage warranty Every Approved Used Mercedes-Benz comes with a guarantee of at least 12 months’ comprehensive unlimited mileage warranty. The purchase of any Mercedes-Benz Certified Pre-Owned vehicle includes a 1-year unlimited mileage Limited Warranty. That warranty includes coverage extending to the engine and powertrain, steering, suspension, brakes, electrical systems, and climate control system among other components.Every Mercedes-Benz Approved Used car for sale comes with a guarantee of at least 12 months’ comprehensive unlimited mileage warranty.While the primary repair costs are typically covered, extended warranties may not cover secondary damages or losses resulting from engine failure.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.
Is extended warranty a ripoff?
While a service contract might sound like a good idea, it could duplicate coverage you have through your manufacturer’s warranty. And you might actually pay more for a service contract than you get back in benefits. What’s more, some companies pitching warranty extensions are scammers. A used car extended warranty might be worth it if the vehicle make and model has a poor reliability record. An extended warranty on used cars isn’t needed if the vehicle still has the manufacturer’s warranty. Consider used car warranties that exclude specific repairs rather than those that list what they will cover.If you prefer lasting protection that exceeds the factory-issued manufacturer’s warranty, then an Extended Auto Warranty is a common service contract that confers that. Extended Auto Warranties are routinely obtainable in two different forms, Bumper-to-Bumper and Powertrain.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.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’s a good price for an extended warranty?
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 remaining 30% paid $2,501 to more than $4,000 in total. We recommend considering an extended warranty if you own a used car that you plan to keep for several years, but that has high mileage or is a model with known reliability issues.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.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.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.extended car warranties typically cover malfunctions in a car’s powertrain for a set period beyond the standard warranty. Powertrain extended warranties typically cover the car’s: engine. Drivetrain components like the transmission, axles, and differential.