Extended Warranty - yea or nay?
Thread Starter
Junior Member
Joined: May 2010
Posts: 33
Likes: 0
From: Canada
2005 CLK55
Extended Warranty - yea or nay?
New member looking at a 2005 CLK55, ~60k kms, won't be a daily driver so minimal usage. The extended warranty offered by the MB dealer is ~CAD$4k, would I be crazy to get this or crazy not to?
I never opt for these kinds of things, and at this price I'm really leaning against buying it. Opinions appreciated.
I never opt for these kinds of things, and at this price I'm really leaning against buying it. Opinions appreciated.
MBWorld Fanatic!
Joined: Oct 2007
Posts: 1,564
Likes: 19
From: SoCal
98 Brilliant Silver E320 Wagon
I never bother with ext. warranties on TV's and toasters but on a car I might consider one. First, MB's are expensive to fix on big stuff like electronics, engine and transmission. Second, correct me if I'm wrong but isn't a CLK55 a bit of a performance car? If so, it's probably been driven harder that say a E-Class station wagon.
So maybe there's a little more chance that something might fail. 
If you do get a warranty be sure to go over it with a fine tooth comb as they say. There have been a couple of posts recently by owners who had a problem and found out that the ext. warranty didn't cover it.
Ultimately, it comes down to what you are comfortable with. It's a gamble so do you feel lucky? You could put $4K in a CD instead and have a cushion if anything goes wrong and a nest egg if everything goes right.
So maybe there's a little more chance that something might fail. If you do get a warranty be sure to go over it with a fine tooth comb as they say. There have been a couple of posts recently by owners who had a problem and found out that the ext. warranty didn't cover it.
Ultimately, it comes down to what you are comfortable with. It's a gamble so do you feel lucky? You could put $4K in a CD instead and have a cushion if anything goes wrong and a nest egg if everything goes right.
Senior Member
Joined: May 2010
Posts: 376
Likes: 2
From: The Bay Area...Cali
05 E55 AMG
I'm got the same questions, I just bought an 05 E55 with 38k miles and debating whether to get get an extended warranty, I've reading a lot on this forum and almost everyone says an extended warranty is a must. I'm still looking around for the right one though, good luck!
Junior Member
Joined: May 2010
Posts: 51
Likes: 0
From: Bethlehem, PA
2001 E320 4matic
We just bought an extended warranty that covers the big stuff. Engine, transmission and drive. Quite reasonable considering we get four years/60k for a 2001 E320 with close to 90k on the clock.
I am in a great position that I could cover a serious breakdown, but I put it down to risk. How much risk am I willing to take on. Then look at the price.
For instance, say a engine replacement cost $3500, and the warranty costs $2000 a year. That would be $8000 over four years versus a one time charge of $3500. I would cover this myself.
You have to do the math yourself and figure it out. The consideration also for me, is that the warranty gives my wife a lot of peace of mind. That gives me a lot more peace of ear.....
I am in a great position that I could cover a serious breakdown, but I put it down to risk. How much risk am I willing to take on. Then look at the price.
For instance, say a engine replacement cost $3500, and the warranty costs $2000 a year. That would be $8000 over four years versus a one time charge of $3500. I would cover this myself.
You have to do the math yourself and figure it out. The consideration also for me, is that the warranty gives my wife a lot of peace of mind. That gives me a lot more peace of ear.....
Thread Starter
Junior Member
Joined: May 2010
Posts: 33
Likes: 0
From: Canada
2005 CLK55
I bought the car and passed on the warranty offered by the dealer. The in-service date was Sep 2004, so I suppose the 2yr MB extended warranty would only have covered me for a few more months. Thanks again for the comments.
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