View Poll Results: Should I get this warranty?
This warranty is ok.
0
0%
This warranty sounds good!
0
0%
I am totally insane for thinking about it.
3
75.00%
On the fence
1
25.00%
Voters: 4. You may not vote on this poll
Insight on a MB warranty...suggestions?
Thread Starter
MBWorld Fanatic!
Joined: Aug 2004
Posts: 3,764
Likes: 9
From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
Insight on a MB warranty...suggestions?
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...
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...
Thread Starter
MBWorld Fanatic!
Joined: Aug 2004
Posts: 3,764
Likes: 9
From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
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....
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....
Out Of Control!!
Joined: Aug 2004
Posts: 10,574
Likes: 2
From: Silicon Valley, CA
1999 C280 Previous / 2008 E350
Thread Starter
MBWorld Fanatic!
Joined: Aug 2004
Posts: 3,764
Likes: 9
From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
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.
Member
Joined: Nov 2004
Posts: 119
Likes: 1
From: Santa Barbara, CA
'20 CLS450; '14 CLA250; '14 Honda GX Natural Gas Powered
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.
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.
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Thread Starter
MBWorld Fanatic!
Joined: Aug 2004
Posts: 3,764
Likes: 9
From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
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.
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.
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.
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Thread Starter
MBWorld Fanatic!
Joined: Aug 2004
Posts: 3,764
Likes: 9
From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
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?
MBWorld Fanatic!
Joined: Aug 2002
Posts: 1,516
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From: Area 3
G63, AMG GT S
Originally Posted by bigben320e
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.
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.
