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Extended Warranty and Prepaid Maintenance after end of lease

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Old Aug 22, 2021 | 09:34 PM
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Mercedes C300
Extended Warranty and Prepaid Maintenance after end of lease

Hello

My lease on C-300 ended and I decided to buy it out. The dealer convinced me saying the best deal is to buy certified pre-owned warranty, for which they charged me ~1650. On top of that, I bought 2 year extended warranty for 3200 (this is after extreme haggling, the original quotes were close to 4K)

For prepaid maintenance, I paid $2150 for 3-years (Again, quoted rate was significantly higher ~2800)

The total current miles on my car is 12.5k only.

Have I been ripped off ? I am thinking to cancel the extended warranty as I believe it is refundable and purchase it from some other dealer. I don’t know what options I have for PPM.
what do you guys think? Btw, I am based in the Bay Area

Thank you
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Old Aug 23, 2021 | 01:33 PM
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sanag's Avatar
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Mercedes C300
One positive side is that I got 2% interest rate for financing. Not sure, if CPO certification has anything to do with it or is it just based on my credit score (My credit score is 800+)
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Old Aug 24, 2021 | 12:28 PM
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From: California
Mercedes C250 Coupe
Originally Posted by sanag
Hello



Have I been ripped off ? I am thinking to cancel the extended warranty as I believe it is refundable and purchase it from some other dealer. I don’t know what options I have for PPM.
what do you guys think? Btw, I am based in the Bay Area

Thank you
I think you've done well. When my CPO C250 warranty expired, I went to the selling dealer and got a 2 year extension - with no bargaining - as I'm a dumb *** - for circa 4100 bucks

keep up the good work (Rocklin)


ez
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