How much did you pay for an extended warranty?
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. Extended auto warranties cost an average of $1,297 per year across providers, plans, coverage options and vehicles, based on our February 2025 secret shopping. Below, we provide estimates for bumper-to-bumper, mid-level and powertrain warranty coverage based on quotes we received during our secret shopping experience.The benefits of an extended warranty 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. Your used car could prove to be troublesome, and a warranty is a way to avoid risk.However, extended car warranties are often not worth it due to their high upfront price and coverage restrictions. The terms and conditions of coverage often make it more cost-effective for car buyers to cover the costs of repairs themselves rather than cover the warranty cost.The Mercedes-Benz Certified Pre-Owned Extended Limited Warranty offers affordable additional coverage for 1 Year/Unlimited Mileage or 2 Years/Unlimited Mileage, helping you get the most out of your MBCPO vehicle.
How much does Mercedes charge for an extended warranty?
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. An extended warranty typically costs an average of $600 to $2,000 per year, but that varies widely based on where you buy the warranty, the reliability of the vehicle the warranty covers, and other factors. The price of an extended warranty also is negotiable.Extended warranty service providers do not cover wear and tear or maintenance of your vehicle. But they provide peace of mind and can save you money on big repairs. You can buy a car warranty without a dealer. Easily, and online.Cons of an Extended Warranty Extended warranties require an upfront payment or are added to your financing, increasing your total cost. If you don’t end up using it, you may feel like you paid for something you didn’t need. Depending on the warranty plan, some repairs may not be included.Speaking of, only 47 percent of car owners have an extended warranty, and of those, only one in ten has actually ever used their service contract. Rather than buying an extended warranty, many car owners prefer to set aside a fund for big car repairs.For many drivers, one unexpected repair can easily exceed the cost of a quality extended warranty. The biggest advantage is protection against unexpected repair bills. Instead of facing a high one-off cost, your warranty helps cover eligible parts and labour. Many customers tell us the real value is confidence.
Can I negotiate extended warranty price?
The good news is that your auto dealership will allow you to negotiate the price of the factory warranty plan. 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.
What is a 5 year extended warranty?
Extended warranties typically provide coverage for your vehicle extending from 2 to 7 years or up to 100,000 to 150,000 miles beyond the original manufacturer’s warranty. The cost of extended warranties is not covered during a car purchase. The Top 5 Exclusions in Any Extended Warranty and What Endurance Covers Instead. Most extended auto warranties (also known as vehicle service contracts) exclude routine maintenance, cosmetic damage, pre-existing problems, neglect or modifications, and many types of “knock-on” or consequential damage.High-mileage cars: vehicles with over 100,000 miles can still be covered, but your plan may offer reduced benefits or higher premiums. Some extended car warranty companies now offer protection for high-mileage vehicles (up to 150,000 or even 200,000 miles), though these are typically more limited in scope.Like all warranties, though, extended warranties tend to have exclusions that you have to be aware of. Things like wear-and-tear items, maintenance, and cosmetic components are generally not covered, and it is important to understand what exclusions your plan has.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.
Do Mercedes do extended warranties?
Mercedes-Benz Extended Warranty is an insurance product designed to protect you against unexpected costs, and keep your Mercedes-Benz performing at its best, after your initial Warranty period has ended after 3 years. There are three policy options to choose from – 12 month, 24 month, or a monthly Pay As You Go option. 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.Mercedes-Benz New Vehicle Limited Warranty This basic comprehensive warranty starts on the sale date of the new vehicle, and lasts for 4 years or 50,000 miles, whichever occurs first. This includes both bumper-to-bumper and powertrain components, as well as rust perforation, emission components, and safety belts.Basic Limited Warranty (Bumper-to-Bumper): Lasting 5 years or 60,000 miles, this warranty covers almost every part of the vehicle, except those subject to normal wear and tear such as tires, brake pads, and windshield wipers.