How much does a Mercedes extended warranty 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.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.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.If you didn’t purchase it when you first bought your car, you can still buy an extended warranty through the manufacturer or a third party before the manufacturer’s original warranty coverage expires. This guarantees ongoing protection against unforeseen maintenance expenses.
How much should an extended warranty cost in Canada?
In general, the average cost of an extended warranty in Canada is between $1,000 to $3,000 for 3–5 years of coverage. 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 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.Coverage exclusions may apply: Repairs required due to normal wear and tear, normal maintenance services. Damage due to accidents, misuse of vehicle, negligence, fraud, improper adjustments, disconnection or tampering, alterations to the vehicle, objects striking the vehicle.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.
Is an extended car warranty worth it in Canada?
An extended warranty can be worth it, especially if you plan to own your car past the original warranty or want peace of mind against surprise repair costs. In fact, Canada’s auto repair and maintenance industry brought in $26. Statistics Canada. Extended warranties offer protection beyond the standard warranty. The likelihood of needing an extended warranty is low, especially if the product is durable and reliable. The cost of an extended warranty may be more than the cost of repair or replacement of the product.Ask for a discount at dealerships, salespeople or finance managers may inflate the cost of the extended car warranty. Inform them the price is too high, and if they can lower it, you may reconsider. Often, they will offer a different rate.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.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.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.
Why is it never a good idea to buy an extended warranty?
Extended warranties offer protection beyond the standard warranty. The likelihood of needing an extended warranty is low, especially if the product is durable and reliable. The cost of an extended warranty may be more than the cost of repair or replacement of the product. Extended warranties can be expensive, and the upfront cost may outweigh the potential benefits. If the warranty price is high compared to the average repair costs for your car model, it may not be worth the investment. Consider evaluating your budget and repair history before making a decision.With this in mind, if you plan to drive your vehicle beyond its four-year/80,000 km new vehicle warranty, then a Mercedes-Benz Extended Limited Warranty might be right for you. Extended coverage is available for up to seven years or up to a 160,000 km maximum, whichever comes first.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.Mercedes-Benz Extended Warranty Information. Enjoy greater peace of mind with superior warranty coverage on your new Mercedes-Benz. You can even finance the cost of your Extended Warranty Protection Plan with your vehicle!