Kushp if they didnt make money on warranties they would not sell them. That sir supports my stats. In addition you can read virtually all consumer watch guard publications and learn that warranties are indeed a money maker for those that offer them. Did you think they sell that crap out of the kindness of their heart?

 

To each his own - this is your reality, not many or ours. To argue something like this on a message board is waste of everyone's time. To say that your point of view on this is the correct and only right one is not reality. I have personal experience using extended warranties on cars and let me tell you, each time I thought the car companies were fools to sell me the warranty for $4k or $5k or whatever I paid, since I used it to cover over $10k in repairs over time, that were not covered when the warranty ran out.

So there.

 

Yes, it is a money maker..but one should consider the vehicle being covered and weigh the odds. After all, this is no Lexus or other reliable Japanese vehicle where an expensive warranty may not be utilized.

 

This is NOT only my point of view. It follows virtually any and all consumer watchdog groups out there. I realize you might want to spend your money on this stuff but at the least I might have ONE person say wait a min shes is correct these extended warranties are for a sucker.............

PS why would you buy a car with such expensive repairs stever500? you could buy something else if these terrible repairs are so common as you seem to think..............

 

Like any insurance an extended warranty is a gamble that you are going to need expensive repairs. Like any insurance you may or may not need it. But just like insurance it can provide peace of mind that, if you need it, you are covered.

 

Put the 5000 you spend on a dam warranty in investments and enjoy the returns and know you have a big portion of money that will cover virtually any foreseeable repair.

I do find it interesting that these people that support the warranties are buying these unreliable cars (if you believe their stories). Perhaps they are really the people that sell these warranties, remember warranties are sold using fear.

PS my 16 Maybach now has 63000 miles on it. The engine has not blown up, the car has not fallen apart. Actually I have spent less than 300 dollars on unforeseen repairs. That’s two idler pulleys and an ac recharge. Not even close to the cost of some pos extended warranty that probably shuts off at 100000 miles and has lots of exceptions.

Crap you would wonder what the warranty supporters would say if they owned a car that was clocked out on miles and not eligible for a warranty. Would their world end? Perhaps they just continually buy new cars to avoid the terrible possibility or major car failures all the while totally ignoring the rEal reliability of all newer cars.

 

Have to agree with Katie on this one. Insurance actuarials are actually incredibly accurate with this stuff and they know what the payouts will be. It is a racket. Put the money in the bank or invest it knowing you are making the money that you might have to use on a repair. I have 33K trouble free miles on my 15 S550 with no warranty. AMG cars might be different but I doubt it. All about how the car is treated and maintained.

 

Katie your not correct on a car of this caliper, when anything it goes into the dealer for is a 2-5k dollar bill.

 

The warty on my x5 just expired maybe 6 mos ago... now the ac is not wrking correct and it seems to need a control arm. I agree some instances where self ins is fine, i have a few cars Im self insuring right now. My w221 s class I extended the wrty and week after the rear air shocks went.warty was 3600... guess how much 2 rear air shocks cost at the dealer to install? Now I could have brought it to an indy yes and paid less.... but I didnt.

 

It is risk and how much you willing to take. Buying a 3 year warranty on say a 2015 is not a bad idea. Your right in the first 3-4 years most likely nothing will happen but after that the odds sway in your favor. MB warranties are a lot more extensive than say BMW which basically is engine tranny and thats it.

For a $100 a month just as buying Insurance it minimizes risk. Let also talk fact as unless you have a line on a good horse I'm not sure you investing $3500 and getting any sort of return anywhere. The statistics are probably right but anyone who had that $5k part fail is happy to have bough the policy.

It is also worth its weight in god for resale. If you don't hold onto your cars you will get a good amount of it back in resale as even CPO isn't good for 3 years.

Its not $5k its $3600 for 3 years and that's a $100 a month. I don't buy a S550 to work on it I have collectable cars for that. To each his own and to someone who isn't mechanically inclined how do you tell them its a waste?

 

Dabronx you use the same math that the companies that sell the junk warranties use to come to realize that the person is far less likely to consume the cost of the warranty in repairs than it costs for the dam warranty. Thats called selling fear to a sucker.................PT Barnum said something about that once upon a time.

 

Katie you are opinionated to say the least. If you don't think its worth it because you wrench on your Maybach thats great but to someone WHO DOESNT the risk factor is NOT worth it. So do you have insurance on your cars? your house?? Well someone with a contractor business might not as they don't se the value as they will just fix themselves. Not hard to get this is a case by case basis not a blanket statement as you are using.

Of course the statistics lean towards the insurance Co as that is why they exist. So show me how you invest $3600 for 3 year for any return worth the time?

Its risk and what the person buying the car feels they are willing to take. If you can afford a Maybach which you mention every post then why would you wrench on it? Its just not that type of car. If you do not have the tools or know how the $3600 is worth it. If like yourself you have the tools and know how you would pass on the policy. Not sure why if it doesn't work for you it is the dumbest thing you hav ever heard of. So when the ABS unit goes out are you going to change it for the person the opted out for the warranty?

So do the Math and explain how the person who doesn't wrench on their car can invest that $3600 and cover the repairs on a complicated 5 year old car? Not every job is an oil change. Many require specific diagnostic equipment and tools. How do you cover the repair? Anybody knows a 5 year old S class is a maintenance nightmare as its when everything starts to fail and why leases and warranties are structured around those years.

Leave me out of the nonsense argument, if it doesn't work for you don't call it stupid for the person it does work for.

 

I repeat my opinion correlates with every consumer watchdog group in the world. Warranties are for suckers, kind of why they are sold to by the f/I guy at the dealer that also sells the other money makers like micro dots, and etched windows.

Bare in mind you get the first 50000 miles under warranty from the factory. So your pay some massive price to cover another 50000 miles? Really. Is this because you ignore the stats on all new cars that show they all go at least 100000 miles without any major failure? Do people buy these cars with every last penny they have and can not afford the cost of an unlikely repair? If that’s the case then they made a poor decision by not taking into count the total cost of ownership. Do people buy these cars with some superstitious idea that they are going to have major repairs in the first 100000 miles?if so then it seem rather silly they would buy the car in the first place.

Could it really be that the people that tout the need for these bull**** warranties are the. People that sell this ****? Could they be simply drumming up sucker sales based on fear? SHOW ME FACTUAL EVIDENCE THAT ANY NEW CAR IS LIKELY TO HAVE MAJOR FAILURES in the first 100000 miles.

Moving on. Mercedes has a reputation for quality. I can’t recall ever seeing news about major failures in their cars. As a matter of fact I suspect a companies success is dependent on they making good reliable cars. I did look up statistics on the. S class and it has a decent reliability in consumer reports. Now someone said that EVERYONE knows these cars beak down after five years. Again I have never seen any factual evidence of this. Sure stuff wears out but that’s not a warranty item. Sure the car needs maintenance which is also not a warranty item. Interestingly enough I do the maintenance on my car because it’s fun and I know it’s done correctly and I learn something about my car.

Oh and one final thing the maintenance on the car is mostly done with average tools. I know the warranty people want you to think that the cars require nothing but some massive expensive machines. It’s all smoke and mirrors people. Even the master tech at the dealer was telling me how easy they are to work on when you have the directions.

for further education and support for what I say here reference these

https://www.consumerreports.org/car-...-for-your-car/

https://clark.com/cars/beware-buying...ns-older-vehi/

https://www.daveramsey.com/blog/just...-warranties-dr

https://wallethub.com/edu/cl/car-ext...arranty/11157/

http://mentalfloss.com/article/89281...ty-worth-money

 

Katie22 is correct that extended warranties are sold to make a profit but people buy them for different reasons, a big part of which is peace of mind. Many people would rather plunk down the extended warranty cost and have a predictable expense than the unknown.

We had an X5 which shortly after the new car warranty expired needed a new rear axle etc which we spent 3k on then the electronic parking brake went out another 2k along with the AC started acting up and known engine issues with inc oil consumption we decided to dump it. Had we had the extended warranty we probably would of kept it.

Had an an acura 2003 TLS transmission went out at 17k miles had warranty till 100k transmission went out again at 102k miles spent 7k to fix.

My S550 was just in for catalytic converter replacement and has only 40k miles would of been a couple thousand repair bit bg had certified warranty.

Some people may just be shaped by their prior experiences. Could i cover a 10k repair sure but would i rather spend 3600 to limit my potential future repair costs and have some peace of mind? YEP!

 

Extremes, like “it always is a bad idea” or “it always is a good idea” are overestimating the data available, or underestimating the profit incentive (respectfully). For those inclined, you can typically get actuarial thinking on the subject via industry websites and associations.

In general, for new-to-market cars, there is simply not enough information to adequately price a vehicle using raw statistics. The same for lower availability modes, like some AMG variants. It is in these situations that occasional arbitrage emerges from underpriced warranties. Through your own research, and access to good mechanics, you can make these types of assessments.

Others have pointed out “peace of mind” as additional reasons to purchase. Given the competitive nature of the extended warranty market, profits are likely minimal and, on average, you’re likely paying 10% - 20% more for a perfectly priced contract than you would pay out of pocket. Seems reasonable to me. Just make sure to cross shop from reputable, long serving companies.

 

i spent $120K for my s-class. A faulty headlight on this car costs over $3K. I bought a $4K warranty to give me piece of mind for an extra 3 years (7 years in total). I sleep better at night for it.

 

I paid 4k for my 2015 S class last December 3 year to 75k peace of mind warranty. Keep in mind that if you sell the car privately it is transferable to the new owner as added value. However, if traded in at the dealer they do not recognize the warranty value.

 

Im in Jacksonville Florida and was quoted $4945.00 plus tax for a 2 year factory extension once my CPO warranty expires.

 

My car was new not cpo, perhaps that may be the difference in price scheduling. I used Mercedes Benz of Fort Pierce, person name David Doan Finance manager 772-466-7000. 4280.00 with tax

 

Cassandra Castro came in at $3850!

 

Cassandra Castro ccastro@iamilwaukee.com was a pleasure to deal with and we spent 5 minutes on the phone for the purchase of the warranty. She looked up the car and bound the policy right away. She sent over the warranty docs via email to me. I’m good now for two more years on the S550 for $3800.

 

Now onto the wheel warranty? Who has purchased a wheel warranty and for how much? I purchased easycare when I bought the car and it has replaced two rims so far but is about to expire. Who would have thought rims were so easy to crack. Come on Mercedes!

 

Another satisfied customer of Cassandra Castro here! Thanks to the recommendations on here, she was easy to work with and offered very aggressive pricing. I was on the fence whether to extend my 4/50 warrantee as I’ve read all the pros and cons, and my 222 only has 27k miles, but for under $100/month to continue coverage for 3 years 75k miles on an expense car to repair it seemed like a no brainer.

 

I paid $3,450 for 2 years added to my CPO S550 2015. marc.rose@wisimonson.com He is Mercedes in Santa Monica.

 

Hard to believe 4 year old $110k car with 30k is basically not worth selling so I extended the warranty.

It is hard to take that local dealers where I have spent my money make it sound like its impossible to lower their pricing. JPAUL that is basically what I was quoted in San Diego for same year car and Cassandra saved me about $800.

To me its worth it and local dealers do seam to change a lot under warranty and so far has been worth every penny.


CALL CASSANDRA!!!!
414 727 6715