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.Calculating the Cost Use the formula Extended Warranty Cost = (Percentage of Product Cost) × (Total Product Cost). Ensure the final cost does not exceed 30% of the product’s price, adhering to industry recommendations.
Is it worth getting a Mercedes extended warranty?
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. 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.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.To purchase the Extended Limited Warranty or to learn more, please visit an authorized Mercedes-Benz dealership. To locate a dealership visit MBUSA. FOR-MERCEDES (1-800-367-6372) today. Product offered and administered by Mercedes-Benz USA, LLC, and marketed by Mercedes-Benz Financial Services.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.If you’re the kind of person who has extra money and doesn’t mind a bit of risk, then an extended warranty may not be a priority for you. However, if you want the peace of mind that most unexpected car breakdowns will be covered, then you should consider getting an auto warranty.
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. Afterwards, the standard Mercedes-Benz Star Certified Pre-Owned Warranty term provides protection for up to another 2 years or a total of 120,000 accumulated kilometres. It is included on every qualified Certified Pre-Owned vehicle and covers your powertrain and major components.Use the interactive factory warranty graph to see the coverage on your vehicle. Whether your Mercedes-Benz is new or used, you can still know how much coverage remains.This new Mercedes-Benz warranty coverage spans many areas, including powertrain, corrosion perforation, and roadside assistance. Here’s a list of what’s not covered under the Mercedes-Benz warranty: Brake pads. Wheel alignment and balancing.Mercedes-Benz Extended Warranty Protections Honored at more than 350 authorized Mercedes-Benz dealerships. New Vehicle Warranty.
Is it a good idea to purchase an extended warranty?
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. 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.Here’s what to consider: New cars often have cheap extended car warranty options if bought early. Look for models with less than 80,000 miles for reliable extended coverage for used cars. If you’re keeping your car longer than planned, an extended warranty can protect against unexpected breakdowns.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!While the primary repair costs are typically covered, extended warranties may not cover secondary damages or losses resulting from engine failure.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.
Are wheel bearings covered under extended warranty?
If your car has a powertrain warranty, it typically lasts longer than your bumper-to-bumper coverage. Wheel bearings are also covered under most extended warranties since they tend to offer at least powertrain coverage. Just be aware that an extended warranty won’t help with preexisting conditions. 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.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.Extended warranties These warranties provide protection on certain mechanical and electrical components not covered by the manufacturer’s warranty, but they typically exclude routine maintenance, such as oil changes and tire replacement. They can be expensive, and the coverage varies.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.Yes, motor mounts are typically covered under an extended warranty if the warranty also covers the vehicle’s powertrain or major engine components like body and paint items. Motor mounts are essential parts that help secure the engine to the vehicle’s frame and absorb engine vibrations.
Are batteries covered under an extended warranty?
Car batteries are considered wear & tear items, like tires, brake pads and motor oil, so they are not typically covered by extended warranties. However, batteries do typically come with their own warranty coverage. When you purchase an extended warranty, it covers the costs of labor and repairs when an unexpected breakdown occurs for covered parts and components. Extended warranties are great for protecting your wallet and avoiding high repair costs.It’s not a good value if it doesn’t offer more coverage than the warranty that came with the product. Costs. Look at the initial cost of the extended warranty or service contract, and costs that might be hidden, like deductibles or fees you must pay each time the product is serviced.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.An extended auto warranty can provide a lot of benefits, including peace of mind, protection from surprise repair bills and even secondary benefits like roadside assistance. But it also comes with drawbacks. These may include difficulty canceling and the possibility that you won’t ever use the coverage.Extended Warranty – Extends the manufacturing warranty and covers all manufacturing defects that are covered by the manufacturer. Coverage begins after manufacturing warranty coverage ends. Total Protection Plan – Covers External accidental and liquid damage to the product which is not covered in manufacturer warranty.
What is included in 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. 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.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.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.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.