Can you cancel an extended warranty and 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. Additionally, you can purchase Mercedes-Benz Extended Limited Warranty coverage at any time prior to the expiration of your original New Vehicle Limited Warranty.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.Yes, you can get a refund on an extended warranty after you’ve purchased it. However, depending on when you cancel, your refund may be prorated based on how many months or miles you have left in the service contract.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.
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. What Is Not Covered Under an Extended Warranty. Preexisting damage: If your car is already damaged before you buy a warranty, the warranty won’t pay for repairs related to that damage. Normal wear and tear: Damage due to normal wear and tear, such as an alternator breaking down over time, may not be covered.Cons of an extended warranty Added cost: Extended car warranties come at a price. Limited coverage: Extended warranties don’t cover all types of damage, nor do they always cover all of your car’s components.The warranty providers design these plans to be profitable. On average, customers pay more for the policy than they receive in covered repairs. Extended warranties are rarely a smart idea, especially if it’s a used car,” according to the consumer advocates at the Public Interest Research Group.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.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.
What is the rule of thumb for extended warranty?
An extended warranty price represents a percentage of the total product cost. As a general rule of thumb, you shouldn’t spend more than 30% of the product cost on a product warranty. 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 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.New Mercedes vehicles typically come with a 3-year manufacturer warranty. At the end of your manufacturer warranty, you can generally extend for future years. AA Extended Warranty offers an alternate way to protect your Mercedes against potentially expensive repair bills.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.
What percentage of people buy extended warranties?
What percentage of people buy extended car warranties? About 37% of vehicle owners hold an extended warranty. Only 1 in 10, however, actually use their 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.Extended car warranties can be purchased from either your vehicle’s manufacturer or from an independent provider. Though coverage includes both parts and labor costs from repair shops, you’ll likely still have to pay a deductible on new auto claims.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.Best of all, purchasing the Extended Limited Warranty means you will have no complicated paperwork to process and no out-of-pocket expenses for any warranty repairs performed by an authorized Mercedes-Benz dealership. No deductible. No hassle. Nothing to interfere with your enjoyment of the road.
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. The average cost of an extended auto warranty is about $90 per month, though rates vary based on your car’s age, mileage, make, and more.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.Most extended warranties cost between $1,000 and $4,000, but the cost can fluctuate depending on the type of car and its specific make and model. For example, extended warranties for older cars with higher mileage may be more expensive due to their increased risk of breakdowns.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.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.
When to buy a Mercedes extended warranty?
Gain the peace of mind that comes with the exceptional coverage and service you get with Mercedes-Benz Extended Limited Warranty. The Mercedes-Benz Extended Limited Warranty is available for purchase before, and is effective as soon as, the New Vehicle Limited Warranty expires. Have the car inspected to identify any possible issues and to determine if the car is worth investing in and insuring. Also, consider how long you plan to keep the car. After the car has been inspected, you can decided whether purchasing extended warranty coverage is beneficial.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.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.What are two of the things should you consider before getting an extended warranty?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. 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.Plus, you can pick the level of coverage that fits your needs. On the flip side, extended auto warranties are expensive (about $1,000 per year for bumper-to-bumper coverage) and sometimes difficult to cancel. They also may not cover as much as you think, and non-bumper-to-bumper plans generally aren’t the best value.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.A Mercedes-Benz Extended Warranty is available as a 12-month, 24-month or monthly ‘pay as you go’ policy. You can either choose to pay for your policy with one single payment for 12 months or 24 months cover, or you can choose to have cover that renews each month via a monthly Direct Debit.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.