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Extended Warranty: Yes or No?

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Old Feb 17, 2005 | 09:45 PM
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Extended Warranty: Yes or No?

Any opinions on if the Extended Warranty offered by the dealer is a good deal? I ask this because I bought this for my two previous cars and never used it. I believe its an extra $2500 (USD) for the Extended Warranty. Also, it seems like even minor repairs for the MB is very expensive, so it makes me think twice. Any suggestions or feedback would be greatly appreciated. Thanks.
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Old Feb 18, 2005 | 12:25 AM
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Extended warranty?

With your new engine I wouldn't pass it up. In fact, I will always get the extended warranty on any (if any) future new MB purchases. Quality with MB has suffered. If you do get it, be aware of how and when it becomes effective.
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Old Feb 18, 2005 | 05:10 AM
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I always get the extended warranty.
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Old Mar 17, 2005 | 02:11 PM
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I would purchase it if you are going to keep the car beyond thel life of the warrenty itself. As mleskovar said, the quality of the MB's have gone down and you need to protect yourself. Piece of mind is worth more than a few thousand dollars...
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Old Mar 17, 2005 | 06:45 PM
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Normally, I am not a fan of extended warranties. However, with even minor repairs costing so much on an MB, I think it's probably a worthwhile investment if you are planning on keeping the car beyond the term of the original warranty. Some things to be aware of:

Get the info and READ it on the extended warranty. Normally, these are outside companies and NOT MB, so they could differ from dealer to dealer. So can price (which means it's negotiable ). Not only find out what is covered, but find out what is not covered. Also, find out what the deductible is.

One more thing (which has been a point of confusion with some members here): The extended warranty starts the day you original warranty expires. So if you get a 4 year, up to 100,000 mile extended warranty (for example), you may not be covered for 8 years. When you hit your original warranty miles cap, that warranty is over (it's always time or miles, which ever comes FIRST), and the original one starts. If you hit those miles in 1 or 2 years, then you will be starting your extended 4 year warranty at that time.
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Old Mar 17, 2005 | 07:43 PM
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Clarification......

"One more thing (which has been a point of confusion with some members here): The extended warranty starts the day you original warranty expires."
Not necessarily true. It starts when it is activated. It is activated when you take your car in for warranty repair after the original warranty runs out. If you are close to your original warranty expiration you are better off taking the car in before it expires, even though you have an extended warranty. Also, if it is a minor problem that would activate your extended warranty you may be better off paying an independent to fix it (as long as they don't activate the extended warranty...I don't know if they can activate it as well).
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Old Mar 18, 2005 | 02:53 AM
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nope! dump the car when the warranty expires, unless you buy it and want to keep it, then the warranty is a must cause parts and labor are a huge rip off.
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Old Mar 21, 2005 | 11:12 AM
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I looked at the warranty closely with my purchase. I had to ask the dealer about it because they never even mention it during the closing process. They don't even talk about it because they even think it is a poor deal. DC has changed it recently for the worse of course. Every warranty I have bought if you had a 4 year 50k standard and then added say a 3 year 100K on top of it you are cover for 7 years or 100k what ever comes first. Not at MB now. If you drive 20K year your is over in 5 years. WEAK!!! They want 3150 for 12 years 75K warranty. At 20K a year your warranty is good for 3.5 years. They did say a compress cost $3000 dollars. If goes in that time period in even. I will roll the dice instead. Also it is non refundable!!!! Every other one I have owned if you never used it or you traded the car before the extended warranty start you could get a refund. I used this several times itn the past.
Not with MB now. They just keep the money. Thank You DC. I am not a fan of aftermarket warranties but on my MB I will look there when my original gets close to the end if I still have the car. Warning- I had one from
INTERSTATE- out of New York who is a big carrier that uses many names.
It was on a boat with a 502MAG. When it sucked an exhaust valve and ate sea water they wanted to replace one piston even thought there inspector and Mercruiser both said the motor was toast and needed to be replaced. I fought them all summer and missed the season because they held all the cards. I ended up replacing it my self and hired a lawyer. The paid the bill and the lawyers bill in the end but they are dirt bags and beware. Also extended warranties are the biggest profit centers for any company. Thats why Sears want to sell you a warranty for $10 on a $20 toaster. Its a tough call but even my dealer has lost faith in the MB warranty.
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Old Mar 21, 2005 | 02:11 PM
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Originally Posted by mleskovar
Not necessarily true. It starts when it is activated. It is activated when you take your car in for warranty repair after the original warranty runs out. If you are close to your original warranty expiration you are better off taking the car in before it expires, even though you have an extended warranty. Also, if it is a minor problem that would activate your extended warranty you may be better off paying an independent to fix it (as long as they don't activate the extended warranty...I don't know if they can activate it as well).
Well, sort of. If your car exceeds it's original miles limit, they have no way of knowing when this happened, so from a time perspective, the starting date will start when activated. But from a mileage perspective, you are only covered up to the original warranty plus the extended warranty, so this starts as soon as you go over your miles.

But miles on an extended warranty are normally "up to". So if your extended warranty is for 50K and your original one was for 50K, you are only covered up to 100k. Not 50K from when you first bring your car in.
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Old Mar 21, 2005 | 02:21 PM
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Originally Posted by redvettx2
I looked at the warranty closely with my purchase. I had to ask the dealer about it because they never even mention it during the closing process. They don't even talk about it because they even think it is a poor deal. DC has changed it recently for the worse of course. Every warranty I have bought if you had a 4 year 50k standard and then added say a 3 year 100K on top of it you are cover for 7 years or 100k what ever comes first.
Every extended warranty I have ever seen starts when your original one expires covers a certain time period, and an "up to" mileage amount. If you blow through your first warranty in 1 year, your extended warranty will start and last 3 years (your example) from this date (unless you exceed the "up to" mileage amount first). When stating coverage for an extended warranty, you will always see the words "up to". So you are covered up to a max of 7 years, or 100K miles.


Also it is non refundable!!!! Every other one I have owned if you never used it or you traded the car before the extended warranty start you could get a refund. I used this several times itn the past.
Not with MB now. They just keep the money. Thank You DC. I am not a fan of aftermarket warranties but on my MB I will look there when my original gets close to the end if I still have the car.
I could be wrong, but I thought the ability to get a refund, or to transfer it to another owner was part of some law. Thats why you only get a refund when you trade in your car. Otherwise you have to transfer it to the new owner. Of course, this could vary by state.

Also, most extended warranties that I have seen are not offered by the car company, but rather an outside company. Now they may have a deal with DC to be offered at all dealerships, but it's probably not DC offering the warranty, or keeping the money. And if you don't like the terms of the warranty, find another company. You don't have to purchase an extended warranty through the dealer.
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