MB Extended Warranty - Your thoughts?
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Joined: Apr 2021
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From: Scottsdale, Arizona
2001 E55AMG
I'm not sure, I've worked with a number of Mercedes-Dealers looking to offer warranty coverage on their used G inventory because they know with the price of the vehicle, customers want some sort of protection, protection they're unable to offer.
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Joined: Mar 2024
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looking for first MB
And do you sell back to MB or private sales after the two years? Your plan sound really good so I'm trying to figure it out!
Thanks
Thread Starter
Senior Member
Joined: Mar 2022
Posts: 409
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From: Atlanta, GA
2020 S450 4Matic, 2022 GLS450 4Matic, 2015 C300
Forgive the novice question - just starting out. When you say that you buy off lease a 3 years old does that mean that you. look for specific CPOs that are 3 years old? Or is there a specific way to find out which CPOs came off a lease vs purchases sold back to the dealer.
And do you sell back to MB or private sales after the two years? Your plan sound really good so I'm trying to figure it out!
Thanks
And do you sell back to MB or private sales after the two years? Your plan sound really good so I'm trying to figure it out!
Thanks
I haven’t found a way to make not take a loss on buying high end Mercedes, apart from during Covid, if you figure it out how to, let us know!
Last edited by will_atl; Mar 10, 2024 at 03:33 PM.
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looking for first MB
Many many Mercedes are leased, rather than bought, and people lease for 2 or 3 years and then turn them in. Then the dealers either keep them or Mercedes sends them to a Mercedes dealer only auction and they change hands there. Higher mileage, or cars that aren’t in CPO worthy condition go to auctions that any used car dealer can buy from, these are the vehicles you see at you local luxury used car dealer, I’ve bought good cars from those guys too! Keep in mind that people do trade in Mercedes at other dealers too, when shopping for a no , non-Mercedes. At 3 years old the dealer will do what is needed to make them a CPO, whether they are off lease, or if they are traded in. I trade vehicles, as I am impulsive and don’t want to deal with having to manage a private sale for an extra couple of thousand. In GA, if you trade, you don’t pay tax on the value of the trade, only the difference between your purchase price and the trade, that in of itself is worth 7%.
I haven’t found a way to make not take a loss on buying high end Mercedes, apart from during Covid, if you figure it out how to, let us know!
I haven’t found a way to make not take a loss on buying high end Mercedes, apart from during Covid, if you figure it out how to, let us know!
And if I figure out a way to not take a loss then I'll certainly post back!
Super Member
Joined: Dec 2004
Posts: 635
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From: Raleigh, NC
2020 S560 4Matic
I guess leasing is good when you change every 3 years. Does anyone else plan to keep theirs for longer? I’d change for an electric but not with that ridiculous screen that sticks out of the dash.
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From: Atlanta, GA
2020 S450 4Matic, 2022 GLS450 4Matic, 2015 C300
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Thread Starter
Senior Member
Joined: Mar 2022
Posts: 409
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From: Atlanta, GA
2020 S450 4Matic, 2022 GLS450 4Matic, 2015 C300
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Joined: Dec 2004
Posts: 635
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From: Raleigh, NC
2020 S560 4Matic
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Joined: Jan 2019
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2015 GLK 250
Extended CPO warranty
Sorry to barge into S class discussion, but I am about to replace my older MB, so am interested in the subject.
I bought a 2015 GLK 250 lease return, had 12mon. left of factory warranty. I drive about 25k miles a year, so added on year on to the CPO one year warranty, so had three years of peace of mind. Car has been the best vehicle I have ever owned, with all of my road trips and starting driving in 1966, I am certainly past the million miles mark by now. The only use of any of the warranty was to replace a turbocharger hose, twice. Otherwise just a bet easier to sleep at night on my way to the present 190k on the GLK, Would buy another in a minute. Now looking at a GLC 300, probably skip extending the warranty, if for no other reason than to convince me to stop driving so much!
I bought a 2015 GLK 250 lease return, had 12mon. left of factory warranty. I drive about 25k miles a year, so added on year on to the CPO one year warranty, so had three years of peace of mind. Car has been the best vehicle I have ever owned, with all of my road trips and starting driving in 1966, I am certainly past the million miles mark by now. The only use of any of the warranty was to replace a turbocharger hose, twice. Otherwise just a bet easier to sleep at night on my way to the present 190k on the GLK, Would buy another in a minute. Now looking at a GLC 300, probably skip extending the warranty, if for no other reason than to convince me to stop driving so much!
Senior Member
Joined: Nov 2012
Posts: 406
Likes: 75
From: TX & HI
1998 Land Cruiser, 2003 SL500, 2024 G63
Personally, if you keep your vehicles, I would purchased the longest warrantee available. My 2003 SL500 sits in my garage with leaks in the ABC system and has other issues. It's been issue after issue. So much so that it only has 23,000 miles on it. Brakes went out on it once while driving. That was scary.
I didn't purchase the extended warrantee on my 2024 G63 as I'm going to trade it in for a 2025 G63 in a couple of months. I was in the process of buying the 3-year addition, when I decided I would trade instead.
You seem to have great luck though, so I would research the reliability of the next MB you are looking to purchase. Let that be your guide.
I didn't purchase the extended warrantee on my 2024 G63 as I'm going to trade it in for a 2025 G63 in a couple of months. I was in the process of buying the 3-year addition, when I decided I would trade instead.
You seem to have great luck though, so I would research the reliability of the next MB you are looking to purchase. Let that be your guide.
Junior Member
Joined: Nov 2023
Posts: 44
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From: Medina, Oh
2022 GLE 350
Just to close this out, I ended up buying a 6yr/100k MB ELW. I bought it from Jeff Jackson, MB Louisville, as recommended on another forum in this site, and he gave me a great price, 20% less than the $4,100 I posted above. $4,100 was the standard price I received from GA dealers.
One thing to note it that some dealers wouldn’t touch me as I didn’t but the car from a MB dealer, but others didn’t have a problem with it.
My SA told me that he will work to get my moneys worth, I best take him a Christmas gift when it goes in for a 50k service next week!
One thing to note it that some dealers wouldn’t touch me as I didn’t but the car from a MB dealer, but others didn’t have a problem with it.
My SA told me that he will work to get my moneys worth, I best take him a Christmas gift when it goes in for a 50k service next week!
Joined: Nov 2016
Posts: 7,847
Likes: 3,497
From: Maryland
2015 SL400 (M276 Turbo), 2014 C350 Sport (M276 NA), 2004 SL500 (M113), 2004 Audi TT225 (BEA)
Personally, if you keep your vehicles, I would purchased the longest warrantee available. My 2003 SL500 sits in my garage with leaks in the ABC system and has other issues. It's been issue after issue. So much so that it only has 23,000 miles on it. Brakes went out on it once while driving. That was scary.
I didn't purchase the extended warrantee on my 2024 G63 as I'm going to trade it in for a 2025 G63 in a couple of months. I was in the process of buying the 3-year addition, when I decided I would trade instead.
You seem to have great luck though, so I would research the reliability of the next MB you are looking to purchase. Let that be your guide.
I didn't purchase the extended warrantee on my 2024 G63 as I'm going to trade it in for a 2025 G63 in a couple of months. I was in the process of buying the 3-year addition, when I decided I would trade instead.
You seem to have great luck though, so I would research the reliability of the next MB you are looking to purchase. Let that be your guide.
Senior Member
Joined: Jan 2010
Posts: 312
Likes: 106
From: DFW area in TEXAS! 🤠
2018 S450 4Matic, 2021 Toyota Tundra, 2010 GL350 (sold)
Yeah I’m kinda with you on this one. The S450 I have seems to have been so very well cared for it’s almost hard to believe. I’m going to chance it, especially given this is mostly a “going to Houston” car for us.
Senior Member
Joined: Jul 2021
Posts: 360
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From: Northern NJ, USA
2018 E300 4Matic Sport
Interesting thread. I am doing some searches here to find various threads on extended warranties. My 2018 E350 4Matic came with a CPO AND and extended warranty. The latter is up in two months. My car currently has 90k miles.
That said, extended warranties are a risk management tool -- it shifts risk(s) from one party to another. Thus, depending on a person's specific situation, they can be"good" or "right" for some people, and not for others. The foundation of risk management is to hold, keep, maintain those risks that you can afford and that won't financially decimate you, and shift or transfer those risks that can and will. Trying to quantify the possibility or probability of specific risks -- incidents that may, can, might, etc., happen -- is a fallacious exercise. Ask yourself the question, figure out your comfort level, and go with it. LOL.
Just because a financial product or risk management tool is "sold" or offered by a for-profit company doesn't make it bad. Absolutes do not always have to be true. Nor do they always have to be false. If you own a home, and have a mortgage, the lender requires you to have homeowners insurance. If you paid off your mortgage tomorrow, would you cancel your homeowners insurance?
That said, extended warranties are a risk management tool -- it shifts risk(s) from one party to another. Thus, depending on a person's specific situation, they can be"good" or "right" for some people, and not for others. The foundation of risk management is to hold, keep, maintain those risks that you can afford and that won't financially decimate you, and shift or transfer those risks that can and will. Trying to quantify the possibility or probability of specific risks -- incidents that may, can, might, etc., happen -- is a fallacious exercise. Ask yourself the question, figure out your comfort level, and go with it. LOL.
Just because a financial product or risk management tool is "sold" or offered by a for-profit company doesn't make it bad. Absolutes do not always have to be true. Nor do they always have to be false. If you own a home, and have a mortgage, the lender requires you to have homeowners insurance. If you paid off your mortgage tomorrow, would you cancel your homeowners insurance?
MBWorld Fanatic!
Joined: Feb 2012
Posts: 2,641
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From: Phoenix
222 S-65
Personally, if you keep your vehicles, I would purchased the longest warrantee available. My 2003 SL500 sits in my garage with leaks in the ABC system and has other issues. It's been issue after issue. So much so that it only has 23,000 miles on it. Brakes went out on it once while driving. That was scary.
MBC in 222 cars virtually trouble free.
Senior Member
Joined: Jan 2010
Posts: 312
Likes: 106
From: DFW area in TEXAS! 🤠
2018 S450 4Matic, 2021 Toyota Tundra, 2010 GL350 (sold)
I thought I wanted ABC but reading about it here I’m so glad I didn’t get it (and it turned it out that it was not yet an option for my car). The next one after they have the kinks worked out yet. Looks nice.
Newbie
Joined: Oct 2024
Posts: 3
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From: NJ
2020 S560
Another shout out to Jeffery Jackson who offers the best prices on the EWL!
Financial Services
Mercedes-Benz of Louisvllle
2520 Terra Crossing Blvd
Louisville, KY 40245
502-894-6829
Due to an email system problem, I received his quote too late and had already paid more ($5000 after negotiating) at MB Paramus, NJ.
-I was quoted $5440 from one of the other dealers who was recommended on this site (I had expected a better deal based on other ppls stories, but oh well).
I would not speak any ill of that dealer though b/c he gave me some important advice:
As my S560 was coming off a lease, he warned me not to let them "ground the vehicle"--which as I recall he explained-don't let the dealer buy the car and then sell it to me--due to the multiple change of hands, the warranty would then be void.
I had been recommended to look into Endurance by an acquaintance who had a good experience with them. Then read all too many bad reviews of them delaying or not paying for repairs. When I saw that acquaintance a few months later, he told me he later had some problems with them.
- 7 YR 75000 MILE ELW
- $4,440.00
Financial Services
Mercedes-Benz of Louisvllle
2520 Terra Crossing Blvd
Louisville, KY 40245
502-894-6829
Due to an email system problem, I received his quote too late and had already paid more ($5000 after negotiating) at MB Paramus, NJ.
-I was quoted $5440 from one of the other dealers who was recommended on this site (I had expected a better deal based on other ppls stories, but oh well).
I would not speak any ill of that dealer though b/c he gave me some important advice:
As my S560 was coming off a lease, he warned me not to let them "ground the vehicle"--which as I recall he explained-don't let the dealer buy the car and then sell it to me--due to the multiple change of hands, the warranty would then be void.
I had been recommended to look into Endurance by an acquaintance who had a good experience with them. Then read all too many bad reviews of them delaying or not paying for repairs. When I saw that acquaintance a few months later, he told me he later had some problems with them.
Senior Member
Joined: Jan 2010
Posts: 312
Likes: 106
From: DFW area in TEXAS! 🤠
2018 S450 4Matic, 2021 Toyota Tundra, 2010 GL350 (sold)
How does this compare to the other warranties? Does anyone have experience where the warranty has been covered or honored without a hassle?
I am very much on the fence on this. I’m told that my new to me 2018 E450 4Matric 32k miles is in nearly perfect condition, but I also realize it’s an extremely complex car and mine has every option which probably compounds that.
My hesitation is spending the money when I may not see that back should something happen and that’s definitely what they are counting on as a business.
Also I’m dealing with massive medical bills due to recently having to deal with cancer. Spending money on something I won’t end up needing or that will ultimately be denied when needed isn’t the best sounding option right now.
Senior Member
Joined: Jul 2021
Posts: 360
Likes: 67
From: Northern NJ, USA
2018 E300 4Matic Sport
How does this compare to the other warranties? Does anyone have experience where the warranty has been covered or honored without a hassle?
I am very much on the fence on this. I’m told that my new to me 2018 E450 4Matric 32k miles is in nearly perfect condition, but I also realize it’s an extremely complex car and mine has every option which probably compounds that.
My hesitation is spending the money when I may not see that back should something happen and that’s definitely what they are counting on as a business.
Also I’m dealing with massive medical bills due to recently having to deal with cancer. Spending money on something I won’t end up needing or that will ultimately be denied when needed isn’t the best sounding option right now.
I am very much on the fence on this. I’m told that my new to me 2018 E450 4Matric 32k miles is in nearly perfect condition, but I also realize it’s an extremely complex car and mine has every option which probably compounds that.
My hesitation is spending the money when I may not see that back should something happen and that’s definitely what they are counting on as a business.
Also I’m dealing with massive medical bills due to recently having to deal with cancer. Spending money on something I won’t end up needing or that will ultimately be denied when needed isn’t the best sounding option right now.
Thanks.
MBWorld Fanatic!
Joined: Nov 2014
Posts: 4,242
Likes: 628
From: Chicago burbs
2015 S550
How does this compare to the other warranties? Does anyone have experience where the warranty has been covered or honored without a hassle?
I am very much on the fence on this. I’m told that my new to me 2018 E450 4Matric 32k miles is in nearly perfect condition, but I also realize it’s an extremely complex car and mine has every option which probably compounds that.
My hesitation is spending the money when I may not see that back should something happen and that’s definitely what they are counting on as a business.
Also I’m dealing with massive medical bills due to recently having to deal with cancer. Spending money on something I won’t end up needing or that will ultimately be denied when needed isn’t the best sounding option right now.
I am very much on the fence on this. I’m told that my new to me 2018 E450 4Matric 32k miles is in nearly perfect condition, but I also realize it’s an extremely complex car and mine has every option which probably compounds that.
My hesitation is spending the money when I may not see that back should something happen and that’s definitely what they are counting on as a business.
Also I’m dealing with massive medical bills due to recently having to deal with cancer. Spending money on something I won’t end up needing or that will ultimately be denied when needed isn’t the best sounding option right now.
The problem with the ELW is that it is a named component warranty with limited coverage (named components), vs an exclusionary policy which covers everything on the car except for the items specifically excluded (wear items such as tires, brakes, hoses, etc) and things like door panels, glass, leather, carpet, etc. The CPO extension is much better than the ELW, but it only adds 1 year of coverage onto the original bumper to bumper, but with unlimited miles.
MBWorld Fanatic!
Joined: Nov 2014
Posts: 4,242
Likes: 628
From: Chicago burbs
2015 S550
I had been recommended to look into Endurance by an acquaintance who had a good experience with them. Then read all too many bad reviews of them delaying or not paying for repairs. When I saw that acquaintance a few months later, he told me he later had some problems with them.
When purchasing any policy, call a couple of places that you like to have your car serviced at and see what their experiences have been in dealing with the warranty companies you're considering and consider their experience in your purchase. Also, be sure to ask for a copy of the full policy and read the entire thing so you know exactly what you're getting into before you purchase. Most people only read the shortened brochure and think they are getting a more extensive policy than what they have bargained for. And when possible, always choose an exclusionary policy, not a named component policy. They aren't much more money, but offer considerable more coverage.
Last edited by DaveW68; Jan 7, 2025 at 06:22 PM.
Senior Member
Joined: Jan 2010
Posts: 312
Likes: 106
From: DFW area in TEXAS! 🤠
2018 S450 4Matic, 2021 Toyota Tundra, 2010 GL350 (sold)
Are you looking at a MB warranty? Reason I am asking is -- is your car even eligible? I thought you can only buy a MB warranty (extended or ELW) IF your car is currently still under the original manufacturer's warranty (the 4-year/50,000 miles -- and isn't it -- whichever comes first?
Thanks.
Thanks.
Senior Member
Joined: Jul 2021
Posts: 360
Likes: 67
From: Northern NJ, USA
2018 E300 4Matic Sport
I could be mistaken -- but I do not think you are eligible to purchase any MB warranty. Perhaps some of the resident experts can confirm this -- however, I was just told by two MB dealers (one of which also sells third-party warranties) that you can only buy a MB warranty IF YOUR VEHICLE IS STILL UNDER THE ORIGINAL MANUFACTURER'S WARRANTY.
