What is a good mileage limit for a warranty?
The typical auto warranty coverage is 3 years/36,000 miles. That means the warranty would cover needed repairs in the first three years you own your car or for the first 36,000 miles you drive it, whichever comes first. And for most of us, the mileage limit comes first. The Extended Limited Warranty Plan may be added to your finance agreement or prepaid up front. Your Mercedes-Benz dealer will work with you to help you determine the approach that will best fit your needs.This Mercedes-Benz new vehicle limited warranty covers your new vehicle for 50,000 miles or 4 years, whichever comes first. If the car is sold before the warranty expires, it is transferred to the new owner.The short answer is “no. Mark Kotkin, Director of Consumer Reports National Research Center, says that “extended warranties tend to be a bad deal for consumers” because “most repairs do not occur during the limited time period covered by the extended warranty. Sheila Adkins, Community Outreach Manager for the Better .It is never too late to add an extended warranty or vehicle protection plan to your car and get the kind of coverage you need to feel confident about unexpected repairs. Ideally, the best time to obtain extended coverage is as soon as your factory warranty expires.
How much is a 100,000 mile extended warranty?
This means you should expect to pay between $1,000 and $4,200 on a 36-month coverage term (paying for 18 months) for an extended warranty on a vehicle with more than 100,000 miles. As you put more mileage on your vehicle, the likelihood of needing a repair goes up, increasing the price you’ll pay for your warranty. 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.With a Mercedes-Benz Extended Warranty, you’re covered for any costly repair bills that may arise if your car experiences a mechanical or electrical failure. As the owner of one of our Extended Warranty policies, you can drive with ease knowing you’re protected.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.Condition: Extended warranties generally exclude pre-existing conditions. This means any problems your car already has before the warranty purchase are not covered for repairs. Similarly, wear-and-tear-related damage is typically not covered.
What is not covered in an extended warranty?
While extended car warranties typically cover many issues that may require parts of your car to be repaired or replaced, they don’t cover everything. For example, many extended warranties don’t cover things like accidents, theft, natural disasters, or normal wear and tear. 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.Can you cancel an extended warranty at any time? Yes, you can cancel at any time, but the refund amount depends on how long you’ve had the coverage and whether you’ve filed any claims.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.Will my car payment decrease if I cancel an extended warranty? If your warranty was included in your financing, your monthly payment will not decrease, but the refund may be applied toward your loan balance.
Is it worth paying for an extended warranty on a car?
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 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.Approximately 37 percent of car owners have an active extended warranty and only one in ten have actually used it. The two top reasons why people say they do not have an extended warranty is that they think the coverage is too expensive and that they will never use it.Most extended warranties cost between $1,000 and $3,000, 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.Extended Warranties for New & Used Vehicles Do you plan on swapping out your vehicle in the next 10 years? If so, you may not need one, as cars are built to be more reliable than in the past. If you plan on keeping your vehicle for over 10 years, an extended warranty can be worth the investment.Just like when you negotiate when buying a car, don’t be afraid to negotiate the price of an extended warranty. 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.
What are the alternatives to extended warranties?
Are there alternatives to extended car warranties? Other options include setting aside money in a separate savings account specifically for car repairs or purchasing mechanical breakdown insurance (MBI) from your auto insurance company. These options may provide more flexibility without a long-term contract. 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.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.
What are the pros and cons of extended warranties?
One pro of extended car warranties is their convenient availability from car dealers, but cons include high upfront price tags and restrictive coverage. Explore Progressive Answers’ auto editorial guidelines to find out why you can trust the car insurance information you find here. When can I buy the Extended Warranty? The best time to buy the extended warranty is while buying your car. You can also buy your extended warranty later on, so long as the car is still under the new vehicle warranty. However, buying the plan later on implies a higher cost than when buying along with the new car.
How to negotiate extended warranty price?
Ask for a Discount. Just like when you negotiate when buying a car, don’t be afraid to negotiate the price of an extended warranty. 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. 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.