What is the downside of owning a Mercedes?
High Purchase and Maintenance Costs The initial purchase cost can be significantly higher, and maintenance and repair costs can also be steep. It’s important to consider the long-term financial commitment associated with owning a Mercedes-Benz. If you’re the kind of person who has extra money and doesn’t mind a bit of risk, then an extended warranty may not be a priority for you. However, if you want the peace of mind that most unexpected car breakdowns will be covered, then you should consider getting an auto warranty.Additionally, you can purchase Mercedes-Benz Extended Limited Warranty coverage at any time prior to the expiration of your original New Vehicle Limited Warranty.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.Mercedes-Benz new and demonstrator vehicles first registered on or after 1 March 2020 receive a 5 year Warranty period. If you purchased a Mercedes-Benz prior to 1 March 2020, you will have a 3 year warranty. We can extend car warranty coverage on selected Mercedes-Benz vehicles for an additional three years.
How does Mercedes extended warranty compare to others?
mercedes extended warranty cost varies based on model, mileage, and coverage term. On average, you might pay $2,500–$4,000 for up to three extra years. In comparison, a third-party extended warranty from a provider like nova might offer similar protection for less. The mercedes-benz extended limited warranty offers additional coverage with term options for up to three years after the original new vehicle limited warranty expires. Put your trust in us. To purchase the extended limited warranty or to learn more, please visit an authorized mercedes-benz dealership.Probably not. For most buyers, the high cost of an extended warranty for a used car outweighs the potential benefits. The warranty providers design these plans to be profitable. On average, customers pay more for the policy than they receive in covered repairs.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.Mercedes gives you a 24 months international warranty as standard globally (So if you bought from EMC in Abu Dhabi you can fix in Gargash Dubai and vice versa or in Oman or KSA or anywhere worldwide).
Can you negotiate the price of an extended warranty?
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. 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.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.Extended car warranties can be purchased from either your vehicle’s manufacturer or from an independent provider. Though coverage includes both parts and labor costs from repair shops, you’ll likely still have to pay a deductible on new auto claims.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.
How to get a cheaper extended warranty?
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. 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.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.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. Manufacturers and third-party providers don’t have set rates for extended warranty costs.In general, an extended warranty can be used following a 30-day or 1,000-mile wait period. Some providers offer alternative waiting periods depending on driving habits, such as 60-day/500-mile or 90-day/200-mile waiting periods, and certain “no-wait” plans exist, but they’re exceedingly rare.You can buy an extended car warranty from your dealer or car manufacturer when you purchase a new car or any time before the car’s standard warranty expires.