Looking for feedback on the value of purchasing additional warranty beyond my 12 months that comes with a CPO. 2014 E350 4M Sport, 47K on the odometer.

Thanks,

Have any issues now you are concerned about?

I know it was valuable to me. I bought it on a CPO vehicle and both the backup camera then the lane assist went bad and had to be replaced after the original warranty would have been over. Then there was a motor mount issue that caused the vehicle to shake. All that would have cost well more than I paid for the extended warranty.

You can get quotes from the vendors mentioned in the extended warranty subforum here, much cheaper for two extra years than at the dealer.

I got both of mine without a warranty and it basically depends if you go to the dealer or not. I've had a few problems here and there, but the indy I use is about 1/3 to 1/2 the price at the dealer. If you go the dealer, it's probably worth it.

No one can know whether a warranty extension is of "value" to someone else's car, wallet or psyche.

I looked at it two ways when I was considering buying a two-year CPO warranty extension, which was available from Jeff Jackson at Tafel Motors in Louisville for $1,845 tax free. Economically, it's obvious that the warranty would have value if I needed more than $1,845 in warranty repairs over those 24 months, but wouldn't have economic value if I had less. The problem, of course, it that there's absolutely no way to predict needed repairs. Other people's experiences or repair studies aren't particularly relevant or persuasive to my specific car, so there was no way for me to determine value based on expected economic costs.

Therefore, I had to make my value decision on another basis: my mental makeup, my psychology. Would I feel psychologically better spending the $1,845 (assuming I could afford it) simply to have the mental comfort of warranty protection even if I didn't use it, or would I have have constant psychological fears if I didn't buy the warranty. Consumer Reports has told me forever that extended warranties on just about everything are statistically not worth it, and I generally agree with that. However, at my current advancing age and declining income level, I was so concerned about big hit expenses on my first and only Mercedes that I decided that $1,845 was worth it to me purely on a psychological comfort basis. (Besides, you can get it all back before the one-year CPO warranty expires if you change your mind.)

As it turned out, I needed a new drive shaft seven months into my CPO warranty, an approximately $1,800 expense that was covered. Will anything big happen in the second or third years? I have no idea. But I feel safer, the money's already out of sight and out of mind, and Consumer Reports can go test refrigerators.