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Thoughts on 3rd Party Extended Warranty

Old Apr 9, 2013 | 03:10 PM
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broli720's Avatar
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Thoughts on 3rd Party Extended Warranty

I recently bought a 2009 clk550 with roughly 39k miles on it. I have about 3 months remaining on my bumper to bumper and powertrain warranty from mercedes. I got a quote from Travis from Mercedes Benz of Elmbrook for a 4 year warranty worth about $3k. I've done research and it's a trusted 3rd party and my dealer will accept it as long as they pay.

I've gone back and forward with this and a large part of me wants to pocket the 3k and set it aside for a major repair while I just pay for maintenance. My last car (06 Acura TL) had issues. Bought it at 60k miles and by 73k miles i had to replace the transmission. Also turns out that it was in an accident that wasn't reported when i went to do some body work on it for mods.

So now you know my situation. What do you think I should do? Logic tells me to forgo the warranty but fear tells me to purchase it just to be safe.
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Old Apr 9, 2013 | 09:34 PM
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If you are going to rely on the dealer for repairs, then it might be worthwhile. If you are going to DIY, then not so much.
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Old Apr 12, 2013 | 09:46 PM
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What Rudeney said.

My 2500USD warranty paid out over 10kUSD in the six years I owned the car. it was well worth it.
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Old Apr 15, 2013 | 12:58 PM
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I went ahead and bought the warranty. Just really wanted the peace of mind really and the price was more than fair. Thanks for all the advice everyone.
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Old Apr 15, 2013 | 07:54 PM
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I paid about $3000 for a 4 year warranty, about 2 years in and it's already more than paid for itself on stuff i couldn't DIY (mostly a cracked intake manifold)
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Old Apr 16, 2013 | 04:02 AM
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Originally Posted by austinclk550
I paid about $3000 for a 4 year warranty, about 2 years in and it's already more than paid for itself on stuff i couldn't DIY (mostly a cracked intake manifold)
Thats a very good price for 4 years, I payed $3000 for 2 years.
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Old Apr 16, 2013 | 07:53 AM
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I ended up going for the three year one for $2600.
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