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3rd Party Extended Warranty

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Old Apr 28, 2019 | 06:38 PM
  #1  
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2015 S550 4matic
Post 3rd Party Extended Warranty

Since I did not buy my vehicle from MB (auction) I cannot purchase an MB ELW. Here is the deal I got:


Endurance EW coverage for 2015 S550 4matic
  • I asked my service advisor and mechanics who they liked in 3rd party warranty land
  • I reviewed EW companies using BBB, Consumer Reports and articles written
  • the best feedback was the comments made by people who commented on the coverage
  • YOU MUST read the small print in the contract to know whats covered. Far too many people never did this important step
  • This is NOT a continuation of the manufacturer's warranty hence the "LIMITED"
  • This is the best coverage for my S550 Endurance offered, there were no riders.
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Old Apr 28, 2019 | 11:39 PM
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This looks pretty good......I believe that Endurance is reputable as any after market Insur. can be and just check that this policy is an "exclusionary" one ....that is, it lists all that is NOT covered ( so everything else IS ) and refunds are made for unused portions of the policy. 5 years for 4K is not bad.
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Old Apr 30, 2019 | 10:26 AM
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Too many german broads
I got a quote from them. I backed away, I can't remember the exact reason. I think it was something with their list of exclusions and labor rate. You can find better coverage, your miles aren't that high.
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Old Apr 30, 2019 | 11:32 AM
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Upfront exclusions

Originally Posted by Kushp14
I got a quote from them. I backed away, I can't remember the exact reason. I think it was something with their list of exclusions and labor rate. You can find better coverage, your miles aren't that high.
i appreciated the list of exclusions and this contract had them. The best part about Endurance after the price we’re the reviews; from customers but also MY dealership who would be doing business with them. They gave glowing remarks. Not enough people take that into consideration. In my experiences the vehicle owner does not
1.read the contract and assumes EW are an extension of the OM warranty. It is NOT.
2. Ask the repair facility where you get repairs about the company!

Good luck.
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Old May 3, 2019 | 08:22 AM
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ALL extended warranties are sold by people that are there to MAKE MONEY. They do not sell them because they are nice.
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Old Jun 1, 2021 | 10:48 PM
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How was your experience with Endurance - did you make any claims and if you could share your experience in the reimbursement or payout from them
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Old Jun 2, 2021 | 09:02 AM
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Originally Posted by ari_s
How was your experience with Endurance - did you make any claims and if you could share your experience in the reimbursement or payout from them
A female weekender mechanic who has already commented in this thread will likely tell you that warranties are ALWAYS a bad idea and are always sold by con men looking for their next victim. Argue with her with data and facts and it could lead to a suspension on this board....so I'm telling you to be careful regarding this subject and don't get into it with her as some mods have their favorites who they'll always side with.

Endurance sells many types of policies, as I learned in another thread. Some where they are the administrator, and others where they are not. I have the better policy through Endurance where they are not the admin as mine has less exclusions and lifetime caps than their own. My lifetime cap on claims is the purchase price of my car including taxes. My policy did pay out on a claim less than 60 days after the policy went into effect. I do have exclusionary coverage with a $100 deductible. But one of the exclusions is they do not cover single use nuts and bolts, which apparently MB has a lot of in their engines. They also only pay out at the prevailing labor rate in your specific area, so if your shop has higher rates than the average, you will have to pay the difference. In my case, the shop rate was $189/hr and the prevailing rate was around $151/hr. The dealership agreed to lower their rate on my repair to $165/hr, so the difference wasn't too bad. On my claim, the warranty paid out around $2500 and my portion was around $500 with the deductible, labor difference, and nuts & bolts. Considering that I paid $4300 for the policy that covers me for 7 years and 100k miles (from date I purchased the plan, not actual odometer reading), it appears I'm going to come out way ahead on this one. But there was another time I came out way ahead on a S600 where I paid $3300 for the warranty and it paid out around $24k in claims before I finally dumped the car.
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Old Jun 2, 2021 | 09:32 AM
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Too many german broads
Originally Posted by DaveW68
A female weekender mechanic who has already commented in this thread will likely tell you that warranties are ALWAYS a bad idea and are always sold by con men looking for their next victim. Argue with her with data and facts and it could lead to a suspension on this board....so I'm telling you to be careful regarding this subject and don't get into it with her as some mods have their favorites who they'll always side with.

Endurance sells many types of policies, as I learned in another thread. Some where they are the administrator, and others where they are not. I have the better policy through Endurance where they are not the admin as mine has less exclusions and lifetime caps than their own. My lifetime cap on claims is the purchase price of my car including taxes. My policy did pay out on a claim less than 60 days after the policy went into effect. I do have exclusionary coverage with a $100 deductible. But one of the exclusions is they do not cover single use nuts and bolts, which apparently MB has a lot of in their engines. They also only pay out at the prevailing labor rate in your specific area, so if your shop has higher rates than the average, you will have to pay the difference. In my case, the shop rate was $189/hr and the prevailing rate was around $151/hr. The dealership agreed to lower their rate on my repair to $165/hr, so the difference wasn't too bad. On my claim, the warranty paid out around $2500 and my portion was around $500 with the deductible, labor difference, and nuts & bolts. Considering that I paid $4300 for the policy that covers me for 7 years and 100k miles (from date I purchased the plan, not actual odometer reading), it appears I'm going to come out way ahead on this one. But there was another time I came out way ahead on a S600 where I paid $3300 for the warranty and it paid out around $24k in claims before I finally dumped the car.
Great input here
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Old Jun 2, 2021 | 10:45 AM
  #9  
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Thanks so much for the detailed reply. Do you mind sharing the specifics of your warranty - policy name, who is the administrator?
Looks like MB Dealers are your area are accepting Endurance which is really great to hear.
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Old Jun 2, 2021 | 11:13 AM
  #10  
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Originally Posted by DaveW68
A female weekender mechanic who has already commented in this thread will likely tell you that warranties are ALWAYS a bad idea and are always sold by con men looking for their next victim. Argue with her with data and facts and it could lead to a suspension on this board....so I'm telling you to be careful regarding this subject and don't get into it with her as some mods have their favorites who they'll always side with.
.
Pretty cheap and unnecessary shot, especially when you are speculating about what she would likely say. She's helped a lot of Forum members.
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Old Jun 2, 2021 | 04:21 PM
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Originally Posted by Jud Chapin
Pretty cheap and unnecessary shot, especially when you are speculating about what she would likely say. She's helped a lot of Forum members.
Blah, blah, blah. She may have helped some people with some things, but she is argumentative and completely wrong on other things. Call her out when she's wrong and buckle up for a bumpy ride.
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Old Jun 2, 2021 | 04:23 PM
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Originally Posted by ari_s
Thanks so much for the detailed reply. Do you mind sharing the specifics of your warranty - policy name, who is the administrator?
Looks like MB Dealers are your area are accepting Endurance which is really great to hear.
Here's the sample contract. It is accepted everywhere in the US.

Last edited by DaveW68; Jun 2, 2021 at 04:26 PM.
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Old Jun 2, 2021 | 05:44 PM
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Originally Posted by ari_s
Thanks so much for the detailed reply. Do you mind sharing the specifics of your warranty - policy name, who is the administrator?
Looks like MB Dealers are your area are accepting Endurance which is really great to hear.
I can get you a quote and sample contract for a Mercedes-Benz factory warranty extension through Freedom Warranty, 5, 6, or 7 yrs / up to 100,000 miles, accepted by all Mercedes-Benz dealers in North America. Call or Text (602) 909-9216 or send me an email at tgibson@highline-autos.com
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Old Jun 2, 2021 | 05:47 PM
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Originally Posted by DaveW68
A female weekender mechanic who has already commented in this thread will likely tell you that warranties are ALWAYS a bad idea and are always sold by con men looking for their next victim. Argue with her with data and facts and it could lead to a suspension on this board....so I'm telling you to be careful regarding this subject and don't get into it with her as some mods have their favorites who they'll always side with.

Endurance sells many types of policies, as I learned in another thread. Some where they are the administrator, and others where they are not. I have the better policy through Endurance where they are not the admin as mine has less exclusions and lifetime caps than their own. My lifetime cap on claims is the purchase price of my car including taxes. My policy did pay out on a claim less than 60 days after the policy went into effect. I do have exclusionary coverage with a $100 deductible. But one of the exclusions is they do not cover single use nuts and bolts, which apparently MB has a lot of in their engines. They also only pay out at the prevailing labor rate in your specific area, so if your shop has higher rates than the average, you will have to pay the difference. In my case, the shop rate was $189/hr and the prevailing rate was around $151/hr. The dealership agreed to lower their rate on my repair to $165/hr, so the difference wasn't too bad. On my claim, the warranty paid out around $2500 and my portion was around $500 with the deductible, labor difference, and nuts & bolts. Considering that I paid $4300 for the policy that covers me for 7 years and 100k miles (from date I purchased the plan, not actual odometer reading), it appears I'm going to come out way ahead on this one. But there was another time I came out way ahead on a S600 where I paid $3300 for the warranty and it paid out around $24k in claims before I finally dumped the car.
Great example on how a reputable 3rd party warranty is just valid as one from the Mercedes dealer, for a fraction of the price.
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Old Jun 2, 2021 | 08:38 PM
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Originally Posted by DaveW68
A female weekender mechanic who has already commented in this thread will likely tell you that warranties are ALWAYS a bad idea and are always sold by con men looking for their next victim. Argue with her with data and facts and it could lead to a suspension on this board....so I'm telling you to be careful regarding this subject and don't get into it with her as some mods have their favorites who they'll always side with.
Both Dave W68 and Katie are correct. It is puzzling why their debate has become so much a "my way or the highway" discussion.

Of course companies that sell insurance are in business to make money. ALL companies that are in business intend to make money. No one goes into business to lose money.

Having said that, automotive extended warranties are like any insurance; you hope that you never need it but are mighty glad you have it if you do need it.

Everyone needs to make their own decision as to what is best for them. If you can do your own repairs then maybe extended warranty isn't needed by you. Otherwise, it probably is.

In my case, I guess both Dave and Katie dislike me because I have no extended warranty on one of my cars but have it on the other car (the more complex systems car).
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Old Jun 2, 2021 | 10:24 PM
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Originally Posted by as.thompson
Both Dave W68 and Katie are correct. It is puzzling why their debate has become so much a "my way or the highway" discussion.

Of course companies that sell insurance are in business to make money. ALL companies that are in business intend to make money. No one goes into business to lose money.

Having said that, automotive extended warranties are like any insurance; you hope that you never need it but are mighty glad you have it if you do need it.

Everyone needs to make their own decision as to what is best for them. If you can do your own repairs then maybe extended warranty isn't needed by you. Otherwise, it probably is.

In my case, I guess both Dave and Katie dislike me because I have no extended warranty on one of my cars but have it on the other car (the more complex systems car).
I agree with your post 100%, except referring to me in the "my way or the highway" comment. But that would definitely apply to the other person. I only proved that all warranties are not a ripoff like the other person keeps implying....especially if good coverage can be obtained at a fair price. But this has been discussed ad nauseum and people can make their own judgment as there is now plenty of information available on this board to help them make their own decision regarding having coverage or rolling the dice.
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