The warranty from MB on a CLS500:

3 Yr/50K miles, $200 ded. = $4100
4 Yr/60K miles $200 ded. = $4700

This is a warranty that includes everything EXCEPT wear items, (brakes, tires, blah, blah,) and the Navigation.

Confirmed from MB Friday, I am actually considering the 4 year. I know, I know, that is a lot. However, I plan to keep the car and the warranty is up to 105K miles. Considering costs to repair suspension, airmatic, distronic, keyless go, transmission, engine, and all the other sensors etc. It could more than pay for itself. It's a serious thought.

Comments and suggestions are welcome! I am still a little on the fence on this...

 

Bump...any suggestions?

 

If you plan to keep the car more than 4yrs then yeah go for the 4yr extended warranty.

 

Yeah, I plan for at least 5 years. However on the poll it says I am nuts. Here's the debate:

1. Get the warranty: $4700
2. Save up money toward a repair fund: This would be put into a high-yield account. I could easily save 1K per year into this fund.

I am still thinking on it....

 

Just so you know that wasn't me...

If that's your plan on keeping the car then go for it

 

Hmmm...I am going over all the fine print now. Making sure all is on the up and up. It is an MB warranty, but gotta have the bases covered.

 

My two cents: Continue with your basic 4 year 50K warantee. If you have a good car with no major problems, at the 3 1/2 year point buy an aftermarket warantee (I did for a 2003 CLK for about $1,500 that took it out to 10 years but only I think 75K miles). There are all sorts of choices. BUT really do research on the aftermarket company. It is a jungle out there.
As I recall the MB extended warantee has to be purchased within the first 12 months. After that your dealer is probably selling you an aftermarket one anyway.
Have I had to use it? Nope. Car has 40K and no problems.

 

Yes it is an aftermarket company that MB is partnered with. The issue with getting a warranty AFTER my basic warranty period, the price goes up with aftermarket companies exponentially. This is the deal:

Warranty Direct: 4 Yr/50K miles for $4100. Ths covers everything, wear and tear breakdown, and all the exclusionary stuff. It does not cover the brake pads, etc you know all the basic wear parts.

Problem is, none of the MB dealerships want to work with a third party warranty that is not through them. Problems with payment, timeliness of payment, not willing to pay the labor rates that MB charges, etc.

MB: $4700 FOR 5yr/60K covers all EXCEPT my Nav. The warranty would be good at all MB delaerships and will show in the system.

For good measure, I am going to check with Baranco MB in Buckhead. After that I will see.

I am still thinking of just saving up some more money into my car fund, and just let it collect interest until I need it. The problem with that, with a major issue, the MB warranty would have covered it but if I pay for it the fund may be wiped out and I will have to start over.

The other point is, I could take it an MB shop that will take the aftermarket warranty.

Thinking it over some. In the meantime, I am having fun in Chicago. Looking forward to more sights and eats here on Saturday.

 

It sounds like a random major repair would not be affordable for you. My advice is get a good warranty and stay away from Warranty Direct.

 

Issue is, I could afford quite a few things in the way of repairs. What I am weighing in on is the cost-effectiveness vs risk. What are the chances of me spending $4700 over the next 5 years outside of maintenance?

 

Sorry, these comments are what made me think that maybe the repair bills will be out of range for you.

Anyway, even if you get an account that gives a 5% return, you're looking at making ~$50 a year in interest, assuming that you put $1k at the beginning of the year and don't touch it. That's a ****ty return and there are better things to do with your money.