Is it a good idea to buy an extended warranty?
We recommend considering an extended warranty if you own a used car that you plan to keep for several years, but that has high mileage or is a model with known reliability issues. Available for purchase before, and effective as soon as the New Vehicle Limited Warranty expires, it provides the exceptional coverage and dedicated service you deserve. Whether it’s for 12, 24, or even 36 months, the Extended Limited Warranty offers continuous protection options of 75,000 or 100,000 miles.Based on average repair costs and reliability ratings, a mercedes extended warranty is a good investment. The j. d. power 2025 u. s. vehicle dependability study ranks the brand 23rd out of 30 automakers. Similarly, repairpal ranks it 27th and notes that repairs and maintenance cost drivers $908 per year 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.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.
Can I buy an extended warranty directly from the manufacturer?
They do, however, provide drivers with savings and peace of mind. extended car warranties can be purchased from either your vehicle’s manufacturer or from an independent provider. 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. You may even need to purchase separate extended warranties for different parts, depending on what you want coverage for.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 limited warranties, extended warranties have limits and exclusions, can vary widely in coverage but typically include protection against breakdowns, repairs, and sometimes even typical wear and tear or routine maintenance.How to 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. If the warranty was included in your loan, your car payment won’t drop, but you may pay off the car sooner after the refund is deducted from your balance.An extended warranty is a service agreement that provides additional coverage beyond the manufacturer’s warranty. It is designed to protect consumers from unexpected repair expenses due to defects or breakdowns. Unlike the manufacturer’s warranty, a consumer can purchase an extended warranty at an additional cost.
What are the disadvantages of an extended warranty?
On the other hand, extended warranties can be expensive and often include coverage limitations and exclusions that may not be immediately apparent. Additionally, not all repairs may be covered, and there can be disputes over what constitutes ‘normal wear and tear’ versus a covered repair. 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.The Bottom Line Extended warranties can offer peace of mind, functioning as a safety net for certain purchases. However, many products are reliable, so the cost of an extended warranty might outweigh the benefits.Extended coverage period: A primary benefit of an extended warranty is the extension of coverage beyond the manufacturer’s warranty period. This ensures your product against unexpected breakdowns or malfunctions for the opted cover period.Factors like product price, product material durability, whether it requires specialized repairs or specific parts, where repair technicians are located and how accessible they are, and the mark-up from the insurance provider all affect the total cost of the extended warranty.Extended warranty costs depend largely on what the service provider offers. The world’s your oyster when comparing third-party warranty providers. Comparing extended warranties and gleaning information from the guide above will give you a clear idea. This is possibly the best way to calculate extended warranty costs.
Can I buy extended warranty later?
You can purchase an extended warranty when you purchase your vehicle or at a later time. The major benefit of purchasing it when you buy the car is the ability to add the purchase price into your total amount financed. The new offering covers a 7-year or 140 000 km period and is available across the brand’s passenger vehicle range. Over and above regular servicing, Mercedes-Benz adds that the plan extends to repairs, tyre and rim protection and ensures all work is carried out by authorised technicians using genuine parts.Every Mercedes-Benz Approved Used car for sale comes with a guarantee of at least 12 months’ comprehensive unlimited mileage warranty.Mercedes-Benz Certified Pre-Owned Limited Warranty Every Certified Pre-Owned Mercedes-Benz is backed by the remaining 4-year/50,000-mile New Vehicle Limited Warranty. Once that expires, the CPO Limited Warranty goes into effect, providing an additional 12-months of coverage with unlimited miles.Extended warranty coverage for your Mercedes-Benz is available for an additional 3 years up to 200,000kms travelled.Available for purchase before, and effective as soon as the New Vehicle Limited Warranty expires, it provides the exceptional coverage and dedicated service you deserve. Whether it’s for 12, 24, or even 36 months, the Extended Limited Warranty offers continuous protection options of 75,000 or 100,000 miles.
Is the 5 year extended warranty worth it?
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. Extended warranties are optional protection plans that consumers can purchase separately from the manufacturer or an insurance company. They extend the coverage beyond the duration of the manufacturer warranty, providing additional protection for a longer period.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. Even if you do sell your car before the warranty runs out, your extended protection plan may be transferable.In addition to longer-lasting coverage, benefits include: Retain a higher market value for your vehicle. If you sell the car, the warranty is transferable. No deductibles.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.
How much is Mercedes-Benz warranty extension?
The average AA Extended Warranty price quoted for a Mercedes-Used Vehicle in 2021 was £504*. The lowest price quoted was £277*. Is it worth getting a BMW Extended Warranty? Almost always, yes. If you plan to keep the car long term, you will likely save thousands of dollars with an extended warranty. The average cost to drive a BMW for one year is $1,000 – $1,700.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.We found that vehicles with 100,000 to 150,000 miles on their odometer can expect to pay between $60 and $230 per month for extended warranty coverage. This means you should expect to pay between $1,000 and $4,200 on an 18-month coverage term for an extended warranty on a vehicle with more than 100,000 miles.A BMW extended warranty costs an average of $3,246, based on quotes the MarketWatch Guides team received from dealerships. BMW Ultimate Protection extends your warranty coverage to up to 7 years/100,000 miles. On average, BMW models require more frequent repairs than most other brands, according to RepairPal.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.