Is it worth paying for an extended warranty?
Is Your Vehicle Unreliable? An extended warranty is worth your time if your car isn’t extremely reliable and you wouldn’t necessarily be able to pay for major repairs right now. If you purchase a used car from a dealer, an extended warranty could be the right choice if you’re uncertain about a vehicle’s reliability. Conclusion. An extended warranty is a valuable investment for any car owner. It can save you money on unexpected repairs, give you peace of mind, and increase the resale value of your car.Mercedes-Benz Extended Warranty You have the option of adding one, two, or three years of extra protection up to 100,000 miles. The Mercedes-Benz Extended Warranty cost is based on how many extra years of coverage you purchase. Prices tend to range from $2,400-$8,200.Typically, the average cost of an extended warranty for a used car ranges from $350 to $700 per year, but every car owner and contract is different. For example, some providers may require you to pay the full cost of coverage upfront, whereas others allow for monthly payments.The extended warranty from Mercedes-Benz can be worth it depending on your preferences and needs. However, there is only one extended warranty plan that Mercedes offers. If you are looking for more flexibility, a third-party warranty provider may be a better option for you.Extended warranties can be quite expensive, adding a significant amount to the total cost of a product. For example, if you purchase a laptop for $1,000 and the extended warranty costs $200, your total cost would be $1,200. Another downside is that extended warranties often have limitations and exclusions.
What is not covered under an extended warranty?
Regular Maintenance While extended warranties are designed to cover unexpected and costly repairs, they typically do not cover regular maintenance. This includes routine services such as oil changes, tire rotations, brake pad replacements, and fluid top-offs. An extended warranty can increase resale value. Extended auto warranties are a great choice for the buyer who is on a fixed budget, wants to protect their investment, and not be surprised by costly repairs down the line. So if any of those reasons sound like you, an extended warranty is a sound decision.An extended car warranty may save you some money if your car needs repairs covered under the plan. To decide if one is right for you, weigh the cost of the warranty against the likelihood you’ll need to use it and your ability to pay for repairs without a warranty.A bumper-to-bumper warranty is generally the most comprehensive extended warranty. This plan offers coverage for all parts and systems in your vehicle, except for routine maintenance and wear-and-tear damage. Any mechanical breakdowns due to defective parts or poor work will be covered.Longer warranties may provide extended protection against unforeseen engine issues, while comprehensive coverage can include not just the engine but related components like the cooling system or electrical parts.If you’re considering an extended warranty for a new vehicle, you’ll want to consider how long you plan on keeping it. If you’re thinking you’ll be trading up on your vehicle in less than 10 years, chances are, an extended warranty isn’t worth it. Are you in for the long haul? In that case, we highly recommend them.
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. If you are suffering from a case of buyer’s remorse, most providers allow you to cancel an extended car warranty. Then, depending on the warranty company and the warranty plan, you may also be eligible for a full or partial refund for the prorated amount of any unused time or mileage of your contract.The Mercedes-Benz Extended Limited Warranty Agreement may be canceled for a full refund at any time prior to the expiration of the New Vehicle Limited Warranty and the effective date of this Agreement, if a written request for cancellation is submitted using the Cancellation form that can be obtained from the selling .Can I purchase an Extended Warranty if I don’t have an existing Mercedes-Benz warranty? Yes, you can purchase an Extended Warranty at any time, even if you don’t have an existing Mercedes-Benz warranty.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.If you buy a new car so often that the new car smell hardly dissipates before your next one arrives, you don’t need an extended warranty. On the other hand, if you typically keep your car well past its factory warranty expiration, think about buying an additional auto warranty.
How much is a 100,000 mile extended warranty?
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. 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. Kia offers one of the best warranties in the industry, with bumper-to-bumper and powertrain coverage that matches the market’s leaders. Like sister company Hyundai, this brand provides five years or 60,000 miles of basic coverage and 10 years or 100,000 miles of powertrain protection.Pickups by the big three, Ford, Chevy, and Ram, all get the same three-year or 36,000-mile bumper-to-bumper coverage and a five-year or 60,000-mile powertrain warranty. As of this writing, Hyundai, Kia, and Genesis, Jaguar, and Mitsubishi offer the best warranties for new cars in the industry.Jaguar offers some of the best comprehensive warranty coverage of any luxury automaker for 2025. Its bumper-to-bumper coverage is good for five years or 60,000 miles. Both the time and mileage allowances are better than most automakers provide.It’s better to buy your coverage as the end of your vehicle’s bumper-to-bumper warranty or when you near the deadline to purchase an extended warranty backed by the vehicle’s automaker.