Is an extended warranty on a used car worth it in Canada?
Is an Extended Warranty Worth it on a Used Car? An extended warranty on a used car is an excellent investment when you don’t have an emergency fund and anticipate significant vehicle repairs soon. However, extended warranties can be expensive and might not cover all the repairs required. A used car extended warranty might be worth it if the vehicle make and model has a poor reliability record. An extended warranty on used cars isn’t needed if the vehicle still has the manufacturer’s warranty. Consider used car warranties that exclude specific repairs rather than those that list what they will cover.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.It’s not too late to get an extended warranty on your car, even if it’s been out of warranty for years. Commonly referred to as a Vehicle Service Contract, an extended auto warranty offered by third parties is the best bet to keep out of control repair costs in check.Yes, extended warranty plans can be worth it if you don’t want to pay out of pocket for expensive repair bills. They work best for car owners looking to keep their vehicle for a long time — way past when the manufacturer factory warranty expires.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.
Can I buy an extended warranty on a used Mercedes?
So that you can enjoy continued peace of mind once your CPO Limited Warranty option ends, our Mercedes-Benz Certified Pre-Owned Extended Limited Warranty program offers additional, farther-ranging coverage for either 1 or 2 years. Each coverage option comes with unlimited miles. 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.Every Mercedes-Benz Approved Used car for sale comes with a guarantee of at least 12 months’ comprehensive unlimited mileage warranty.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.Policy flexibility: You can choose either a monthly ‘pay as you go’, 12-month or 24-month policy*. Age and mileage limits apply. You have cover of a wide range of Mercedes-Benz components.
What is the extended warranty on Mercedes-Benz in Canada?
Extended coverage is available for up to seven years or up to a 160,000 km maximum, whichever comes first. And if you change your mind and decide to sell or trade in your Mercedes-Benz during this period, an Extended Limited Warranty can help retain and increase the resale value of your Mercedes-Benz. Mercedes-Benz says a grace period will apply for those who purchase before April 1, with the new warranty structure to be backdated to March 1, 2020. Mercedes’ warranty extension follows mass adoption of five-year provisions across mainstream marques in 2019, including quasi-luxury brands such as Volkswagen.Yes, you can extend the warranty on your Mercedes with Warranteeze. We offer extended warranties that provide additional coverage after your manufacturer’s warranty ends, giving you peace of mind and protection against unexpected repair costs.Extended warranty providers should be willing to give you specific information about the extent of coverage for each plan they offer. Even basic coverage can include a long list of components that are covered. Compare the specifics of the plans you’re considering to find one that matches your needs.Absolutely, We consider this plan “No risk” which means that you have the option to cancel your coverage at any time and receive money back. If you have used the extended warranty you will need to speak with your dealer for information about refund policy.Here’s the important part: you have options for purchasing an extended warranty in Canada for your new or used car. Extended warranties won’t cover items like cosmetics, general maintenance, accident damage, or wearable parts.
Are extended car warranties worth it for Mercedes-Benz?
If you value peace of mind and are concerned about potential repair costs, an extended warranty could be worth it. However, if you prefer to save money and believe your vehicle will remain reliable, you might opt to forgo the warranty. An extended warranty can provide many benefits, including financial coverage and peace of mind, should something go wrong with your vehicle. If you are considering the purchase of an extended warranty for your used car, it is possible to negotiate with the dealer for the best price and the warranty coverage you need.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.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.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!Mercedes-Benz Extended Warranty Protections Honored at more than 350 authorized Mercedes-Benz dealerships. New Vehicle Warranty.
How much should an extended warranty cost in Canada?
Extended warranty pricing in Canada generally falls between $1,500* and $3,000*, depending on the model, mileage, and plan length. While this may seem like a significant upfront cost, it often pays for itself after just one major repair. Extended car warranties typically don’t cover damage from accidents (you’ll need car insurance for that) or wear and tear. They only cover what’s specified in the warranty.Upfront Cost: Extended warranties can be expensive, and you might never use them. Weighing the cost of the warranty against the potential repair bills is crucial. Limited Coverage: Many warranties have exclusions and may not cover all types of repairs.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.An extended warranty gives extra protection and peace of mind to both the buyer and seller. So, if you decide to part ways with your vehicle, you can often transfer the extended warranty to the new owner.
How much should I pay for a Mercedes 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. 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.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.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.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.