Buy extended warranty, go naked, or trade her in on a 2009/2010?
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2007 GL450
Buy extended warranty, go naked, or trade her in on a 2009/2010?
Hello Folks,
I'm sure a few of you have had this same decision to make. My wife has a 2007 GL450 that will be out of CPO warranty in less than 2 weeks. I've been offered a 2 year CPO extension for $4k. We enjoy the car, it's got about 56k miles on it and we only drive it about 5k miles/year. What do you think are the pros/cons of either buying the warranty and keeping it for another 2 years, keeping it for 2 more years and going naked (no warranty), or trading it in on a newer GL with around 2-3 years of warranty left.
Thanks for the advice!
I'm sure a few of you have had this same decision to make. My wife has a 2007 GL450 that will be out of CPO warranty in less than 2 weeks. I've been offered a 2 year CPO extension for $4k. We enjoy the car, it's got about 56k miles on it and we only drive it about 5k miles/year. What do you think are the pros/cons of either buying the warranty and keeping it for another 2 years, keeping it for 2 more years and going naked (no warranty), or trading it in on a newer GL with around 2-3 years of warranty left.
Thanks for the advice!
MBWorld Fanatic!
Joined: Apr 2003
Posts: 1,464
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From: SoCal OC
S, GL, Escalade ESV, my shoes
Hello Folks,
I'm sure a few of you have had this same decision to make. My wife has a 2007 GL450 that will be out of CPO warranty in less than 2 weeks. I've been offered a 2 year CPO extension for $4k. We enjoy the car, it's got about 56k miles on it and we only drive it about 5k miles/year. What do you think are the pros/cons of either buying the warranty and keeping it for another 2 years, keeping it for 2 more years and going naked (no warranty), or trading it in on a newer GL with around 2-3 years of warranty left.
Thanks for the advice!
I'm sure a few of you have had this same decision to make. My wife has a 2007 GL450 that will be out of CPO warranty in less than 2 weeks. I've been offered a 2 year CPO extension for $4k. We enjoy the car, it's got about 56k miles on it and we only drive it about 5k miles/year. What do you think are the pros/cons of either buying the warranty and keeping it for another 2 years, keeping it for 2 more years and going naked (no warranty), or trading it in on a newer GL with around 2-3 years of warranty left.
Thanks for the advice!
As for the repairs, I hardly had any. Probably spent at most 2000 on repair.
My GL, on the other hand, have visit the dealer twice in the last three months I own it, for repair. And the airmatic just failed last night, so take it back to dealer today. Lucky that I have CPO.
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Joined: Sep 2011
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Audi S5, GL350, Audi A4
I don't have any long term experience with GL reliability, but if you only drive 5,000 miles a year, it doesn't seem worth $4K for a two year extension. The odds are you won't need $4K worth of repairs over the next 10K miles especially since the warranty is probably priced assuming you will drive 12-15K miles a year instead of 5K.
Personally, I would roll the dice and take the risk myself. There's a good chance nothing will go wrong over the next 2yrs and you save $4K. Or maybe you only wind up putting $1-2K of repairs in and you are still ahead of the game. The downside is you have a $5-6K repair, but net net that's only $1-2K worse off than paying $4K upfront.
For the record, my wife drives a 2011 GL and I elected to pay $4K to extend the standard 4yr warranty out to 6yrs. But my wife puts 15-20K annually on the vehicle, so years 5 and 6 could see some potentially expensive repairs.
Personally, I would roll the dice and take the risk myself. There's a good chance nothing will go wrong over the next 2yrs and you save $4K. Or maybe you only wind up putting $1-2K of repairs in and you are still ahead of the game. The downside is you have a $5-6K repair, but net net that's only $1-2K worse off than paying $4K upfront.
For the record, my wife drives a 2011 GL and I elected to pay $4K to extend the standard 4yr warranty out to 6yrs. But my wife puts 15-20K annually on the vehicle, so years 5 and 6 could see some potentially expensive repairs.
Last edited by FastMoneyPlaya; Jun 13, 2012 at 04:57 PM.
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Joined: Jun 2009
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GL 450
I have an 07 GL with 67k miles on it, I purchased a 4yr-100k miles warranty before the factory warranty expired, I paid 4k for the warranty. So far (Thank God) no issues. only the regular maintenance such as service A, B etc.
MBWorld Fanatic!
Joined: Nov 2007
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From: Minnesota
2015 Ram 2500, former 2013 GL350, 2007 GL450
I bought a 100,000 mile, 5 year warranty on mine when I bought it. I paid $2500 for it and I have had more than $2500 in repairs under warranty. I am high mileage and tend to agree if you only do 5K per year, it might not be worth it.
MBWorld Fanatic!
Joined: Apr 2003
Posts: 1,464
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From: SoCal OC
S, GL, Escalade ESV, my shoes
So for the 4 months that we own the car, first it was a sunroof & rack, then now the air-matic & suspension. Without the warranty coverage, we would have paid at least $5-6K in repair.
The car has 54K mile when we bought it, and 56K now !!!. My S has 230K mile now, and hardly any repair on it.
Go figure !!
