What’s a good price for an extended warranty?
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. The remaining 30% paid $2,501 to more than $4,000 in total. The average total cost of the best extended car warranty plans costs anywhere between $1,500 and $4,000, but your exact cost will be based on several personal factors. Extended car warranties cover your vehicle in the event of a mechanical breakdown and help make car repair costs more predictable.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.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.Many consumers and third-party companies commonly use these terms interchangeably, so we’ve done the same in this article. Extended warranties for cars over 100,000 miles cost $136 per month or $1,398 per year of coverage on average.
How to calculate the cost of an extended warranty?
Calculating the Cost Use the formula Extended Warranty Cost = (Percentage of Product Cost) × (Total Product Cost). Ensure the final cost does not exceed 30% of the product’s price, adhering to industry recommendations. 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. Assuming you file one claim during your plan, the warranty cost of AppleCare+ is 36% of the purchase price of the iPad.Some auto service contracts will extend the length or coverage of the warranty that came with your vehicle, and others will cover some maintenance tasks like scheduled oil changes. They typically don’t cover damage that may occur in an accident or normal wear and tear to the vehicle.Today, extended warranties represent a global industry worth over $120 billion annually, with profit margins that frequently exceed 50%. For many retailers, these warranties have become more profitable than the actual products they’re designed to protect.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.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.
Can I get a refund on my Mercedes extended warranty?
Mercedes-Benz Extended Warranty Protections Honored at more than 350 authorized Mercedes-Benz dealerships. New Vehicle Warranty. 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.Plus, your vehicle will also receive the quality of service and genuine parts that can only come from Mercedes-Benz. Additionally, you can purchase Mercedes-Benz Extended Limited Warranty coverage at any time prior to the expiration of your original New Vehicle Limited Warranty.Our Extended Warranty product has both a mileage limit and an age limit. In order to take out an Extended Warranty for your Mercedes-Benz, your car must not have completed more than 120,000 miles (or 100,000 miles for AMG and Maybach vehicles) at the start of the policy.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.
How to extend a Mercedes-Benz warranty?
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. Product offered and administered by Mercedes-Benz USA, LLC, and marketed by Mercedes-Benz Financial Services. 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.And, as a Mercedes-Benz customer, you’re never more than a toll-free phone call away from the Customer Assistance Center, available 24 hours a day, 365 days a year at 1-800-For-MERCEDES (1-800-367-6372). Coverage exclusions may apply7.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.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.
What is the Mercedes pre owned extended warranty?
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. 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.All manufacturers offer extended warranties. However, many of these warranties only last up to 100,000 miles. Your car’s manufacturer might not have a plan that covers repairs after 100,000 miles. That said, some manufacturers can cover cars after 100,000 miles.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.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.
When did Mercedes change to a 5 year warranty?
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. 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.Wear and tear on parts like brakes, tires, and batteries is not covered by extended warranties. Warranties often don’t cover parts that wear out over time. This means you’ll have to pay for regular maintenance, which can cost over $10,000 a year.Coverages vary — bumper-to-bumper and powertrain to specialized warranties — and typically exclude wear and tear, accidents, and routine maintenance. Most warranties transfer to new owners, though terms may change, and extended warranties are available for added coverage after the original expires.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.While the coverage of a factory warranty is most often limited to defects and generic workmanship, an extended warranty extends to mechanical and electrical issues not otherwise covered by the manufacturer. It also extends the coverage period considerably.