Can I negotiate the price of an extended warranty?
You can absolutely negotiate with the dealership finance manager on the price of the warranty and GAP insurance; dealerships often mark up these products significantly, so there is room to bargain for a better price. For most buyers, the high cost of an extended warranty for a used car outweighs the potential benefits. The warranty providers design these plans to be profitable. On average, customers pay more for the policy than they receive in covered repairs.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.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.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.
Is it worth paying for an extended car warranty?
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. Cons of Buying an Extended Warranty On the flip side, it’s important to consider the downsides of purchasing an extended warranty. Limited coverage and loopholes are a concern. Not all repairs are covered under an extended warranty. Wear-and-tear items, regular maintenance and certain parts may be excluded.You can buy an extended car warranty from your dealer or car manufacturer when you purchase a new car or any time before the car’s standard warranty expires. Make sure you understand which parts are covered and for how long before you buy 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.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.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 .
How much does an extended warranty on a Mercedes cost?
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. Additionally, you can purchase Mercedes-Benz Extended Limited Warranty coverage at any time prior to the expiration of your original New Vehicle Limited Warranty.Yes, you can purchase an Extended Warranty at any time, even if you don’t have an existing Mercedes-Benz warranty. However, please be aware that you’ll be unable to take out a monthly or 24-month policy, and will need to purchase a 12-month policy.Mercedes-Benz new and demonstrator vehicles first registered on or after 1 March 2020 receive a 5 year Warranty period. If you purchased a Mercedes-Benz prior to 1 March 2020, you will have a 3 year warranty. We can extend car warranty coverage on selected Mercedes-Benz vehicles for an additional three years.Every Mercedes-Benz Approved Used car for sale comes with a guarantee of at least 12 months’ comprehensive unlimited mileage warranty.Mercedes-Benz Australia has announced it will offer a permanent five-year warranty from 1 April 2020. The new warranty coverage replaces the three-year structure and applies to all cars, vans and utes including Mercedes-AMG models and EQC variants.
How much is a 100,000 mile extended warranty?
Extended warranties for cars over 100,000 miles cost $136 per month or $1,398 per year of coverage on average. 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.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.While it may sound like a good idea in theory, extended warranties often come with a high price tag and don’t necessarily cover everything that could go wrong. Plus, many people who buy extended warranties never use them. In that case, an extended warranty becomes a cost with no financial return.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 warranty on Mercedes-Benz dealerships?
Mercedes-Benz New Vehicle Warranty Standard with your purchase of a new Mercedes-Benz, this warranty protects against material and craftsmanship defects. Coverage lasts for 48 months or 50,000 miles, whichever comes first. It’s also transferable if you decide to sell your vehicle. Depreciation. Due to the faster depreciation rate of luxury cars, buying a used Mercedes can be more attractive than you think. The value of a Mercedes will see the biggest hit within the first 5 years of its life, this makes the initial purchase price less of a concern if you are looking at a vehicle 5+ years old.With routine maintenance and care, Mercedes vehicles can remain reliable for 12–15 years or 200,000+ miles. Many owners report decades of ownership, particularly with diesel models or classic sedans such as the E-Class.In the case of used Mercedes cars, most cars with high mileage still work better than most new vehicles because of their gear’s resilience and the high quality of parts. Checking the vehicle history is essential when buying used approved Mercedes cars, regardless of the car’s mileage.
Can I buy warranty on a used Mercedes-Benz?
To say that Mercedes-Benz stands behind its cars is an understatement. The company is so confident in the quality of its vehicles, they not only offer a new vehicle warranty but also offers an extended warranty and an impressive warranty on certified pre-owned cars. Every new Mercedes-Benz model comes with a comprehensive four-year/50,000-mile Limited Warranty, covering most vehicle components, ensuring peace of mind for the duration of your ownership.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.If you keep up with maintenance, most Mercedes-Benz vehicles will run strong for 200,000 to 250,000 miles. Some of models like the E-Class and S-Class can even hit 300,000 or more. Of course, how long your car lasts depends on things like how you drive it, how often it’s serviced, and which model you’ve got.Additional benefits of Mercedes-Benz Certified Pre-Owned vehicles include 24-hour roadside assistance, nationwide dealer support, trip interruption coverage, and vehicle exchange privilege. These benefits enable you to make your next purchase with the highest level of confidence.