View Poll Results: 3rd party warranty 3 years for $10,000 or “health” savings account?
3 year bumper to bumper warranty $10k
1
14.29%
savings account dedicated to repairs if needed
6
85.71%
Voters: 7. You may not vote on this poll
3rd party extended warranty or repair savings account?
Thread Starter
Newbie
Joined: May 2021
Posts: 2
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gl63 amg
3rd party extended warranty or repair savings account?
I have a 2014 GL63 with 68k miles. All warranties have now expired. Haven’t had any problems with it but terrified of the big ticket issues that could hypothetically occur. I was offered a 3-yr 36k mile platinum extended warranty for $10,000 that is essentially bumper to bumper. It has a $500/incident deductible. Would you purchase the warranty or build a savings account much like a health savings account in order to deal with repair costs?
Super Member
Joined: Jul 2003
Posts: 963
Likes: 122
From: Illinois
2014 Mercedes-Benz GL63 AMG
Cylinder 5 issue = $10k-$15k fix
Oil in wiring harness (which I'm pretty confident if you checked you'd have it, check your camshaft sensor connector = $8k-$10k fix
Transmission and transfer case = $15k fix
Even with all these repairs, the chance of all three happening to you within 3 years is pretty slim and $10k is a lot with a $500 deductible.
If it was $6k or less, then I'd buy one. Not at $10k.
Oil in wiring harness (which I'm pretty confident if you checked you'd have it, check your camshaft sensor connector = $8k-$10k fix
Transmission and transfer case = $15k fix
Even with all these repairs, the chance of all three happening to you within 3 years is pretty slim and $10k is a lot with a $500 deductible.
If it was $6k or less, then I'd buy one. Not at $10k.
SPONSOR
Joined: Apr 2021
Posts: 1,568
Likes: 475
From: Scottsdale, Arizona
2001 E55AMG
I have a 2014 GL63 with 68k miles. All warranties have now expired. Haven’t had any problems with it but terrified of the big ticket issues that could hypothetically occur. I was offered a 3-yr 36k mile platinum extended warranty for $10,000 that is essentially bumper to bumper. It has a $500/incident deductible. Would you purchase the warranty or build a savings account much like a health savings account in order to deal with repair costs?
SPONSOR
Joined: Apr 2021
Posts: 1,568
Likes: 475
From: Scottsdale, Arizona
2001 E55AMG
Super Member
Joined: Jul 2003
Posts: 963
Likes: 122
From: Illinois
2014 Mercedes-Benz GL63 AMG
I prefer the warranty. I've never owned a Mercedes that hasn't used the warranty and always paid out more than the warranty cost.
Plus, I can go to the dealer and get a free loaner.
Plus, I can go to the dealer and get a free loaner.
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MBWorld Fanatic!
Joined: Aug 2003
Posts: 8,882
Likes: 1,212
From: In my garage
E55, GLS450, GL63, GLE350
Love warranties too but I will only go with Mercedes ELW, CPO, or Carmax and at one time Chrysler Services Warranty but they no longer write MB's. I do not trust anyone else, maybe Fidelity. Lots of horror stories and I don't need the extra stress caused by purchasing a warranty from an unbacked warranty company that is not very well known name and trusted brand. Maybe there are good ones out there so do your research and do it thoroughly. If there are multiple red flags, do not think your outcome will be different.
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