2015 GL550 62k mi. Keep Extended warranty or not?
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From: Overland Park, KS
2013 SL550 Edition 1 and 2017 GLS 550
2015 GL550 62k mi. Keep Extended warranty or not?
I own a 2015 Mercedes GL550 - 62k miles. This is a CPO car but the warranty is about to expire on 11/25/19. I've had very few problems with it, since I purchased it with 32k miles.
I also purchased a 2 year MB extended warranty for $3,750 (0 deductible, unlimited miles) that kicks in on 11/26/19 unless I cancel it, in which case I'd get 100% of this back. My question is whether to keep the extended warranty or take my chances that I won't pay $3,750 in repairs in the next two years and will be ahead if I cancel the extended warranty?
Obviously, I've only put 30k miles on the vehicle in 3 years, so I don't put a ton of miles on it. Comments/suggestions welcome from all, but would like to hear from anyone that has had experience with these vehicles after 60k miles.
I also purchased a 2 year MB extended warranty for $3,750 (0 deductible, unlimited miles) that kicks in on 11/26/19 unless I cancel it, in which case I'd get 100% of this back. My question is whether to keep the extended warranty or take my chances that I won't pay $3,750 in repairs in the next two years and will be ahead if I cancel the extended warranty?
Obviously, I've only put 30k miles on the vehicle in 3 years, so I don't put a ton of miles on it. Comments/suggestions welcome from all, but would like to hear from anyone that has had experience with these vehicles after 60k miles.
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Probably a good time to sell the car with warranty in tact. CPO cars bring in much more than non CPO. If you keep much longer, the value will drop like a rock and you will lose tens of thousands in depreciation.
On the other hand, if you like the car, keep and drive for another 5 to 10 years. We still have our 2007 GL that I purchase the same year. As I recall, the first 100k miles had more issues than the second 150k miles.
On the other hand, if you like the car, keep and drive for another 5 to 10 years. We still have our 2007 GL that I purchase the same year. As I recall, the first 100k miles had more issues than the second 150k miles.
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From: Southwest Florida
2013 GL450
if you plan on keeping the car for at least 2 more years ... yeah, you will likely EXCEED the cost of the ELW and since the ELW has unlimited miles, go ahead and grit down on the MPG and drive drive drive :-P
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From: USA
S, GLS
I would keep the ELW.
However, I believe the price you paid is too high. Not sure if you can cancel and repurchase.
Cassandra Castro @ MB Milwaukee has the best price in the country by far when I shopped a few month ago. ccastro@iamilwaukee.com
414-543-3000 ext 115
I paid $2520 total, no tax, for a GL450, to add an additional 2 years CPO.
Give her a call to see if she can help you save some dough.
However, I believe the price you paid is too high. Not sure if you can cancel and repurchase.
Cassandra Castro @ MB Milwaukee has the best price in the country by far when I shopped a few month ago. ccastro@iamilwaukee.com
414-543-3000 ext 115
I paid $2520 total, no tax, for a GL450, to add an additional 2 years CPO.
Give her a call to see if she can help you save some dough.
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A gaggle of MB's
Price paid for Extended Warranty is this case was Spot On to MBNWA MSRP - no add on - and certainly not worth a revisit since in the 1st place - you can' "cancel and rebuy".
Just to to clarify - Extended Limited Warranty for a GL550 is HIGHER than ELW for a GL450 - so thanks for sharing but you are not accurate.
If you do apply for cancel/refund - then in the case there is still a lender/loan/lien on your GL that included the ELW in that total to begin with - then that refund goes that lender to pay down lender balance .
You are refunded back to you - if you paid cash for that coverage - or refunded if originall the coverage was included in the outstanding note - and since then the full blance of that note has been paid.
Just to to clarify - Extended Limited Warranty for a GL550 is HIGHER than ELW for a GL450 - so thanks for sharing but you are not accurate.
If you do apply for cancel/refund - then in the case there is still a lender/loan/lien on your GL that included the ELW in that total to begin with - then that refund goes that lender to pay down lender balance .
You are refunded back to you - if you paid cash for that coverage - or refunded if originall the coverage was included in the outstanding note - and since then the full blance of that note has been paid.
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OP has a certifed car - not ELW. It is much cheaper to do an extension of the CPO than to do an ELW. When I was shopping, an ELW on the GL63 was almost 3x the cost of a CPO extension.
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From: Overland Park, KS
2013 SL550 Edition 1 and 2017 GLS 550
Thanks so much! No lien and have two other MB’s,(2011-E350 4-magic wagon and 2013 SL550), so will just keep the extended warranty. Probably worth the peace of mind!!
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