Out Of Warranty - Are Extended Warranties Worth It & Which Are Good?
08-22-2009, 08:40 PM
#26
Senior Member
Thread Starter
This is 3rd party warranty compared to other 3rd party warranty being recommended by MB dealer - but not an not MB extended warranty.
My car is out of MB warranty & I did not buy one when I bought the car.
At the time I bought the car I was not necessarily thinking of keeping it but now we are as it is great not to have a car payment & the car just turned over to 40,000 miles.
My car is out of MB warranty & I did not buy one when I bought the car.
At the time I bought the car I was not necessarily thinking of keeping it but now we are as it is great not to have a car payment & the car just turned over to 40,000 miles.
08-24-2009, 08:32 PM
#27
Super Member
Fresh Quotes...
Got a couple of qoutes today.
(Never heard back from Lisa)
The nearest MB dealer could not offer a real MB extended warranty as the factory warranty is expired.
Instead they quoted a third party (Easy Care) @ 36/36000 for $3,041.00 with a $250.00 deductible.
Florida sales tax @ 6% and the mandatory $165.00 pre-contract detailed inspection comes in addition.
All in all, $3,400 for 3 years and 36K.
I will spring for it..Pretty much in the ball park looking at a few other quotes.
The only little snag is the Air Suspension: The contract states that McPersons, inserts and shock absorbers not included.
I argued that the E-500 was a different animal, not a Golf with McPersons and I would be happy to pay for the Koni $100.00 shocks if the $1,000.00 air cylinder with components was covered.
At any rate, I will probably bite if the inspection tomorrow is succesfull.
(Never heard back from Lisa)
The nearest MB dealer could not offer a real MB extended warranty as the factory warranty is expired.
Instead they quoted a third party (Easy Care) @ 36/36000 for $3,041.00 with a $250.00 deductible.
Florida sales tax @ 6% and the mandatory $165.00 pre-contract detailed inspection comes in addition.
All in all, $3,400 for 3 years and 36K.
I will spring for it..Pretty much in the ball park looking at a few other quotes.
The only little snag is the Air Suspension: The contract states that McPersons, inserts and shock absorbers not included.
I argued that the E-500 was a different animal, not a Golf with McPersons and I would be happy to pay for the Koni $100.00 shocks if the $1,000.00 air cylinder with components was covered.
At any rate, I will probably bite if the inspection tomorrow is succesfull.
08-25-2009, 12:35 AM
#28
Senior Member
Thread Starter
Give Rodney a call.
He was way more competitive price-wise than the non-MB company that my MB dealership offered (I am out of MB warranty as well) & he was recommended by a trustworthy independent MB service shop:
Rodney Vargas
Member Benefits Manager
866-247-3728 x *232
512-697-0661 fax
rvargas@paragonmotorclub.com
He was way more competitive price-wise than the non-MB company that my MB dealership offered (I am out of MB warranty as well) & he was recommended by a trustworthy independent MB service shop:
Rodney Vargas
Member Benefits Manager
866-247-3728 x *232
512-697-0661 fax
rvargas@paragonmotorclub.com
08-25-2009, 05:11 AM
#29
Super Member
Give Rodney a call.
Thanks though.
09-15-2009, 12:51 PM
#30
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2013 E350 4MATIC
Exclusionary warranty
There are two types of extended warranties - inclusion and exclusion.
Always buy an exclusionary policy. Exclusionary policies include a short list of items not covered, and are more comprehensive.
Mercury is an excellent company. They have deep pockets, and sell many other types of insurance policies like auto, home, etc.
My dealer Beschoff here in SJ, works with Mercury and using the policy has been a non-event. Mercury is great.
Shop around. Last year, I bought a no deductible exclusionary Mercury policy from a Mitsubishi dealer for 5 more years with a 100K milage limit for $1680.00.
I was recently in for 32K miles B service, and had a leaky motor mount, oil pan gasket, and valve cover gasket replaced with no drama. These items would have cost almost $2K, and covered by the policy.
Personally, I would not drive a MB without an extended exclusionary warranty if at all possible.
-David
Always buy an exclusionary policy. Exclusionary policies include a short list of items not covered, and are more comprehensive.
Mercury is an excellent company. They have deep pockets, and sell many other types of insurance policies like auto, home, etc.
My dealer Beschoff here in SJ, works with Mercury and using the policy has been a non-event. Mercury is great.
Shop around. Last year, I bought a no deductible exclusionary Mercury policy from a Mitsubishi dealer for 5 more years with a 100K milage limit for $1680.00.
I was recently in for 32K miles B service, and had a leaky motor mount, oil pan gasket, and valve cover gasket replaced with no drama. These items would have cost almost $2K, and covered by the policy.
Personally, I would not drive a MB without an extended exclusionary warranty if at all possible.
-David
Last edited by dw8083; 09-15-2009 at 12:54 PM.
09-16-2009, 09:05 AM
#31
Senior Member
Thread Starter
There are two types of extended warranties - inclusion and exclusion.
Always buy an exclusionary policy. Exclusionary policies include a short list of items not covered, and are more comprehensive.
Mercury is an excellent company. They have deep pockets, and sell many other types of insurance policies like auto, home, etc.
My dealer Beschoff here in SJ, works with Mercury and using the policy has been a non-event. Mercury is great.
Shop around. Last year, I bought a no deductible exclusionary Mercury policy from a Mitsubishi dealer for 5 more years with a 100K milage limit for $1680.00.
I was recently in for 32K miles B service, and had a leaky motor mount, oil pan gasket, and valve cover gasket replaced with no drama. These items would have cost almost $2K, and covered by the policy.
Personally, I would not drive a MB without an extended exclusionary warranty if at all possible.
-David
Always buy an exclusionary policy. Exclusionary policies include a short list of items not covered, and are more comprehensive.
Mercury is an excellent company. They have deep pockets, and sell many other types of insurance policies like auto, home, etc.
My dealer Beschoff here in SJ, works with Mercury and using the policy has been a non-event. Mercury is great.
Shop around. Last year, I bought a no deductible exclusionary Mercury policy from a Mitsubishi dealer for 5 more years with a 100K milage limit for $1680.00.
I was recently in for 32K miles B service, and had a leaky motor mount, oil pan gasket, and valve cover gasket replaced with no drama. These items would have cost almost $2K, and covered by the policy.
Personally, I would not drive a MB without an extended exclusionary warranty if at all possible.
-David
09-18-2009, 12:53 PM
#34
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2013 E350 4MATIC
The mechanical breakdown (Extended Warranty) coverage is offered via a subsidiary of Mercury Insurance. I believe you have to buy it through an agent or dealer directly rather than over the Web.
Website: http://about.mercuryinsurance.com/mechanicalbc.asp
-David
09-18-2009, 01:10 PM
#35
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Yugos only
There are two types of extended warranties - inclusion and exclusion.
Always buy an exclusionary policy. Exclusionary policies include a short list of items not covered, and are more comprehensive.
Mercury is an excellent company. They have deep pockets, and sell many other types of insurance policies like auto, home, etc.
My dealer Beschoff here in SJ, works with Mercury and using the policy has been a non-event. Mercury is great.
Shop around. Last year, I bought a no deductible exclusionary Mercury policy from a Mitsubishi dealer for 5 more years with a 100K milage limit for $1680.00.
I was recently in for 32K miles B service, and had a leaky motor mount, oil pan gasket, and valve cover gasket replaced with no drama. These items would have cost almost $2K, and covered by the policy.
Personally, I would not drive a MB without an extended exclusionary warranty if at all possible.
-David
Always buy an exclusionary policy. Exclusionary policies include a short list of items not covered, and are more comprehensive.
Mercury is an excellent company. They have deep pockets, and sell many other types of insurance policies like auto, home, etc.
My dealer Beschoff here in SJ, works with Mercury and using the policy has been a non-event. Mercury is great.
Shop around. Last year, I bought a no deductible exclusionary Mercury policy from a Mitsubishi dealer for 5 more years with a 100K milage limit for $1680.00.
I was recently in for 32K miles B service, and had a leaky motor mount, oil pan gasket, and valve cover gasket replaced with no drama. These items would have cost almost $2K, and covered by the policy.
Personally, I would not drive a MB without an extended exclusionary warranty if at all possible.
-David
The dealer/warranty company will often attribute the cause of the failure to the excluded part and then will not cover the repair. This happens all the time with the doors, windows and locks on the G500 even though I have a MB CPO warranty.
What is an inclusionary warranty?
09-18-2009, 02:24 PM
#36
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2013 E350 4MATIC
Inclusionary warranties (statement of only parts that are covered) are the type you warned us about in your post. Most warranties are an inclusionary type, rather than exclusionary.
The exclusionary policy I have with Mercury, states EVERYTHING - All parts are covered, except for a small itemized list of normal wear items and some electrical components. The buyer clearly knows what they are getting coverage for in the policy.
Hope this helps.
-David
09-20-2009, 06:13 PM
#37
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Yugos only
Essential Advice
Agreed! The above is an example of an inclusion policy. Get an exclusion policy only - a hard list of what is not covered.
Inclusionary warranties (statement of only parts that are covered) are the type you warned us about in your post. Most warranties are an inclusionary type, rather than exclusionary.
The exclusionary policy I have with Mercury, states EVERYTHING - All parts are covered, except for a small itemized list of normal wear items and some electrical components. The buyer clearly knows what they are getting coverage for in the policy.
The problem is some inclusionary policies of AMGs will not cover the engine.
Hope this helps.
-David
Inclusionary warranties (statement of only parts that are covered) are the type you warned us about in your post. Most warranties are an inclusionary type, rather than exclusionary.
The exclusionary policy I have with Mercury, states EVERYTHING - All parts are covered, except for a small itemized list of normal wear items and some electrical components. The buyer clearly knows what they are getting coverage for in the policy.
The problem is some inclusionary policies of AMGs will not cover the engine.
Hope this helps.
-David
Thank you for the clarification!
Last edited by ivanj; 09-20-2009 at 06:18 PM.
10-11-2009, 03:09 PM
#38
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2000 C320
My advice is to do as much research as you can before you drop any money on a warranty. WarrantyReports.com has articles about what to look for and what to avoid when shopping for aftermarket/third party coverage.
10-11-2009, 03:13 PM
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E500
Mercury offers both kinds of warranties. The Platinum protection is the exclusionary policy, and it is the most expensive. It was offered to me by my credit union at the time I financed the vehicle. I don't know if it is any good since I haven't needed it yet.
10-11-2009, 04:53 PM
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2005 E500 4matic, 99 ML 430, 90 E300
Reading everyone's post count above, its seems apparent that ya'll have no idea what repairs on an MB can amount to. This is no conventional car at least in terms of repair costs. Search a little, there are tons of info. on this subject, and make sure u're sitting down when you read about repair costs. The E500 owner above, your fantastic air-matic ride will cost you about $1K EACH when you get the infamous "car ride height low - visit workshop" error)....and that's the appetizer
I"m now in the same boat. I plan on doing maint. myself, but that is only basic maintenance. Any STAR diagnostics needed will require a trip to the dealer.
My view on the warranty has been to setup a separate savings (or stock) account for the price of the warranty, and keep that money, and use it for repairs, rather than buy a warranty. We'll see how that works.
BTW, I've had my 2005 E500 with 36K for almost 2 years with no problems, and I love the car. There is nothing like an MB if you can tolerate the boring automatic transmission. The 7 spd. auto, RWD V8 motor helps me forget that...
Good luck with your decisions!
I"m now in the same boat. I plan on doing maint. myself, but that is only basic maintenance. Any STAR diagnostics needed will require a trip to the dealer.
My view on the warranty has been to setup a separate savings (or stock) account for the price of the warranty, and keep that money, and use it for repairs, rather than buy a warranty. We'll see how that works.
BTW, I've had my 2005 E500 with 36K for almost 2 years with no problems, and I love the car. There is nothing like an MB if you can tolerate the boring automatic transmission. The 7 spd. auto, RWD V8 motor helps me forget that...
Good luck with your decisions!
Mine is a CPO car so I am going to roll the dice after the one year is up.
Last edited by LeviDenim; 10-11-2009 at 05:05 PM.
10-11-2009, 06:14 PM
#41
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2006 e350
10-11-2009, 07:30 PM
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2005 E500 4matic, 99 ML 430, 90 E300
I love learning here. I had no idea the 7 speeds were out that early.
Now I understand the cost of the transmission if it was to fail. The 5 speeds
are not $11k to fix. I had a 722.6 5 speed go out on an ML and it was covered.
The bill would have been close to $7k from the paperwork and original estimate
until they saw I had the warranty on the ML.
04-19-2010, 08:59 PM
#44
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2005 SL500 BLK/Charcoal Sport, Porsche 2013 Turbo Cayenne
I have been reading and reading and reading all the good info on aftermarket warranties and decided to go to the 2 Mercedes dealers in my area to see what they have to offer. I have a 2005 SL500 with 13,000 miles still under CPO which runs out in July. The first place offered an EasyCare warranty for $4383 for 2 years and the other place offered what they say is a Mercedes warranty which is the same as the existing CPO for $4939 for 2 years. The brochure calls it a Mercedes Benz Pre-Owned Extended Limited Warranty which includes covering the command unit. (I thought we couldn't get a Mercedes warranty after the first one ran out?)
Anyway both brochures have lists of items they cover but I have read so many horror stories that I am numb trying to follow this whole issue. Still reading- still thinking.
Anyway both brochures have lists of items they cover but I have read so many horror stories that I am numb trying to follow this whole issue. Still reading- still thinking.
04-20-2010, 10:19 AM
#45
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2007 E550 4MATIC w/ P2 and panoramic
I have been shopping around for my 2007 E550 and am ready to go with Contego Direct that sells the NAC Pinnacle warranty online. It is exclusionary and was ~$3100 for 4yr/50K miles with 0 deductible. The NAC Pinnacle warranty seems pretty popular with BMW owners too.
04-20-2010, 12:38 PM
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2009 E350
If you take a look at the AMG board, they all use Chrysler warranty. It's because Chrysler doesn't make a difference between regular E class and E class AMG. I thought that's a benefit for them but not me, with a regular E class. Reading there, everyone says there's no problems making claims with Chrysler and it's not a shady operation.
