Another Extended Waranty Question...
#1
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2013 GL450 (traded for 2015 Escalade), 2012 Corvette, 2014 Ford Fusion, Previous: 2007 GL450, 2011
Another Extended Waranty Question...
We all know that the MB extended warranty is expensive.... my question: How many of us have actually had work done under the extended warranty that EXCEEDED the original cost of the warranty?? I traded my 07 with 70K miles on it .... had bought the extended and never used it....... not sure I'm going to do that with the 2011.
#2
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2013 GL450 (traded for 2015 Escalade), 2012 Corvette, 2014 Ford Fusion, Previous: 2007 GL450, 2011
So far this thread has been viewed over 200 times and no one has responded with ... "yeah, I did" so, while not very scientific, I'm thinking the extended warranty is not the best of bets!!
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GL550
It could be that most of the vehicles still have original warranty remaining. I bet I will use mine in the next seven years.
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2015 Ram 2500, former 2013 GL350, 2007 GL450
I bought an EasyCare brand warranty on my '07. It was documented in some other thread on extended warranties, but I paid $2,500 for a 5 year, 100,000 mile warranty.
My opinion is that since GLs have only been on the road a maximum of 5 years (they were launched in 2006 at MY07) there hasn't been too much data on the value of extended warranties.
That said, I have 82,000 miles on mine. Just a few months ago, my Comand unit went out. The nav DVD made a funny sound, and then it stopped completely. The Comand unit needed to be replaced, along with the Nav DVD. The cost was $2600, I paid my $100 deductible. My personal case is I'm at break even. I have 18 months or 18,000 miles left on it.
If I was to do it again, I'm not sure what I would do. My main concern was to protect against a major issue, engine blown, transmission, etc. I have to admit in following this forum I don't see anyone having these problems.
My opinion is that since GLs have only been on the road a maximum of 5 years (they were launched in 2006 at MY07) there hasn't been too much data on the value of extended warranties.
That said, I have 82,000 miles on mine. Just a few months ago, my Comand unit went out. The nav DVD made a funny sound, and then it stopped completely. The Comand unit needed to be replaced, along with the Nav DVD. The cost was $2600, I paid my $100 deductible. My personal case is I'm at break even. I have 18 months or 18,000 miles left on it.
If I was to do it again, I'm not sure what I would do. My main concern was to protect against a major issue, engine blown, transmission, etc. I have to admit in following this forum I don't see anyone having these problems.
#5
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2013 GL450 (traded for 2015 Escalade), 2012 Corvette, 2014 Ford Fusion, Previous: 2007 GL450, 2011
I bought an EasyCare brand warranty on my '07. It was documented in some other thread on extended warranties, but I paid $2,500 for a 5 year, 100,000 mile warranty.
My opinion is that since GLs have only been on the road a maximum of 5 years (they were launched in 2006 at MY07) there hasn't been too much data on the value of extended warranties.
That said, I have 82,000 miles on mine. Just a few months ago, my Comand unit went out. The nav DVD made a funny sound, and then it stopped completely. The Comand unit needed to be replaced, along with the Nav DVD. The cost was $2600, I paid my $100 deductible. My personal case is I'm at break even. I have 18 months or 18,000 miles left on it.
If I was to do it again, I'm not sure what I would do. My main concern was to protect against a major issue, engine blown, transmission, etc. I have to admit in following this forum I don't see anyone having these problems.
My opinion is that since GLs have only been on the road a maximum of 5 years (they were launched in 2006 at MY07) there hasn't been too much data on the value of extended warranties.
That said, I have 82,000 miles on mine. Just a few months ago, my Comand unit went out. The nav DVD made a funny sound, and then it stopped completely. The Comand unit needed to be replaced, along with the Nav DVD. The cost was $2600, I paid my $100 deductible. My personal case is I'm at break even. I have 18 months or 18,000 miles left on it.
If I was to do it again, I'm not sure what I would do. My main concern was to protect against a major issue, engine blown, transmission, etc. I have to admit in following this forum I don't see anyone having these problems.
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2015 Ram 2500, former 2013 GL350, 2007 GL450
Be careful about the fine print on MB extended warranties. I don't know if they still do this or not, but here's what happened to me - I copied this from an older 'extended warranty' thread.
Don't let them sell you an MB extended warranty.
I got burned on an MB extended warranty on my '03 ML500. I had a 4 year, 50K factory warranty and purchased a 5yr, 100K extension. Turns out it really isn't a 5yr 100K warranty but a 1 year or 50K extension.
Here's what happened to me. At about 60,000 miles I head a front wheel bearing go out. Since I was over my factory warranty on miles, it used my extended warranty. It was about 3 years old at the time.
15 months later, at 80,000 miles I had a water pump go out. The truck was 4 years old and 80K miles. The dealer told me my extended warranty was expired since I only get an additonal year after the factory warranty expired.
I have to say my dealer was good. They gave me a substantial discount on the service, but I'd never get a MB warranty again, in fact when I bought my GL450 a few weeks ago the dealer wasn't even selling them. I bought a different warranty but have no experience with it yet.
Don't let them sell you an MB extended warranty.
I got burned on an MB extended warranty on my '03 ML500. I had a 4 year, 50K factory warranty and purchased a 5yr, 100K extension. Turns out it really isn't a 5yr 100K warranty but a 1 year or 50K extension.
Here's what happened to me. At about 60,000 miles I head a front wheel bearing go out. Since I was over my factory warranty on miles, it used my extended warranty. It was about 3 years old at the time.
15 months later, at 80,000 miles I had a water pump go out. The truck was 4 years old and 80K miles. The dealer told me my extended warranty was expired since I only get an additonal year after the factory warranty expired.
I have to say my dealer was good. They gave me a substantial discount on the service, but I'd never get a MB warranty again, in fact when I bought my GL450 a few weeks ago the dealer wasn't even selling them. I bought a different warranty but have no experience with it yet.
#7
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09 jeep srt8, 07 gl450
I have a good independant repair shop in town, so I am going to put my 3k in the bank and save for that big repair.
I think it is worth a try (to go no warranty) if you have an independant, because the cost of the repairs are much more affordable....if at the dealer only, I would buy the ext warranty.
I only have 34k on my 07 gl450 and have had zero repairs in four years...just oil changes at the dealership.
I think it is worth a try (to go no warranty) if you have an independant, because the cost of the repairs are much more affordable....if at the dealer only, I would buy the ext warranty.
I only have 34k on my 07 gl450 and have had zero repairs in four years...just oil changes at the dealership.
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#8
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My 07 GL cdi is at 49,000 mi and 4 years from purchase. I have been back and forth researching extended warranties. My local dealer offers a 2 yr/25,000 mi extension at $ 3250.00
In talking in confidence with a service rep, he recommended that I do not purchase this expensive policy. It very rarely makes financial sense, as these vehicles have, for the most part, been reliable.
I am not going to purchase and will wait patiently for the new GL model. I will update if anything major happens.
By the way, if you are contemplating purchasing a new MB, be sure to join the Mercedes Auto Club. After one year of membership, you get $ 1000.00 off any vehicle.(after any negotiations you can make)
In talking in confidence with a service rep, he recommended that I do not purchase this expensive policy. It very rarely makes financial sense, as these vehicles have, for the most part, been reliable.
I am not going to purchase and will wait patiently for the new GL model. I will update if anything major happens.
By the way, if you are contemplating purchasing a new MB, be sure to join the Mercedes Auto Club. After one year of membership, you get $ 1000.00 off any vehicle.(after any negotiations you can make)