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. 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.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!Many consumers and third-party companies commonly use these terms interchangeably, so we’ve done the same in this article. Extended warranties for cars over 100,000 miles cost $136 per month or $1,398 per year of coverage on average.You can purchase an extended warranty when you purchase your vehicle or at a later time. The major benefit of purchasing it when you buy the car is the ability to add the purchase price into your total amount financed.Extended car warranties typically don’t cover damage from accidents (you’ll need car insurance for that) or wear and tear. They only cover what’s specified in the warranty.
Is it better to buy an extended warranty?
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. Typically, the average cost of an extended warranty for a used car is around $1,000 per year, but every vehicle and contract is different. For example, some providers may require you to pay the full cost of coverage upfront, whereas others allow for monthly payments.While the primary repair costs are typically covered, extended warranties may not cover secondary damages or losses resulting from engine failure.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.Based on our secret shopping, extended warranties cost an average of $1,297 per year. Endurance and olive offer some of the most affordable bumper-to-bumper, mid-level and powertrain warranty plans. Carshield and carchex both sell plans with flexible month-to-month terms.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.
What is the Mercedes pre owned extended warranty?
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. Your new Mercedes-Benz Warranty is a factory-given plan that protects your car for 48 months or 50,000 miles – whichever comes first. This includes powertrain protection, corrosion and perforation coverage, and roadside assistance at our service center.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.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.Every Mercedes-Benz Approved Used car for sale comes with a guarantee of at least 12 months’ comprehensive unlimited mileage warranty.For electric vehicles, Mercedes-Benz extends confidence with a robust EV Battery Warranty, guaranteeing the battery for 8 years or 100,000 miles, whichever comes first. This extended coverage highlights the brand’s commitment to cutting-edge EV technology and durability.
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. Extended warranties typically cover vehicle repairs beyond the manufacturer’s vehicle warranty. There are typically two types of coverages: Named component: This type covers only the specific components listed in the policy. Coverage is offered at different levels, sometimes named bronze, silver and gold.Based on average repair costs and reliability ratings, a Mercedes extended warranty is a good investment. The J. D. Power 2025 U. S. Vehicle Dependability Study ranks the brand 23rd out of 30 automakers. Similarly, RepairPal ranks it 27th and notes that repairs and maintenance cost drivers $908 per year on average.Many consumers and third-party companies commonly use these terms interchangeably, so we’ve done the same in this article. Extended warranties for cars over 100,000 miles cost $136 per month or $1,398 per year of coverage on average.The best way to buy an extended car warranty is through either a third-party provider or the dealership where you purchased the vehicle. Extended warranties can cost anywhere from $372 to over $2,000 per year, depending on your coverage level and vehicle, with an average annual price of $977, according to our research.An extended warranty for car covers repairs and replacements for specific car parts after the original manufacturer’s warranty expires. Car insurance provides financial protection against accidents, theft, and damage to your vehicle and other people’s property.
How does a Mercedes extended warranty work?
Available for purchase before, and effective as soon as the New Vehicle Limited Warranty expires, it provides the exceptional coverage and dedicated service you deserve. Whether it’s for 12, 24, or even 36 months, the Extended Limited Warranty offers continuous protection options of 75,000 or 100,000 miles. 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.If the idea of losing your car’s warranty leaves you worried about unexpected repair bills, an extended warranty could offer the extra security you’re looking for.How to get your money back. You can cancel an extended warranty at any time and you’ll get a prorated refund for the unused portion of your policy. If the warranty was included in your loan, your car payment won’t drop, but you may pay off the car sooner after the refund is deducted from your balance.To cancel your extended car warranty, review your contract for cancellation terms and contact the dealership with a written request. Ensure you keep a copy of all submitted forms and request confirmation of your cancellation. If the dealership is uncooperative, contact the warranty provider directly.
Can I get a refund on my Mercedes extended warranty?
Mercedes-Benz Extended Warranty Protections Honored at more than 350 authorized Mercedes-Benz dealerships. New Vehicle Warranty. Once that warranty ends, the Mercedes-Benz certified pre-owned limited warranty kicks in, offering you a 12-month, unlimited-mile warranty covering the engine, powertrain, suspension, steering, climate control, electrical system, audio and navigation system, brakes (but not wear items like pads and rotors), and more.What is covered under the Mercedes-Benz Warranty? 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.Quick, Comprehensive and Competitively Priced Repairs Every new Mercedes-Benz comes with a comprehensive three-year warranty, so in the unfortunate case that you experience any manufacturing faults within this period, we’ll sort them out free* of charge.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.