Dealer wants to give me extended warranty instead of factory warranty
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A black car
Dealer wants to give me extended warranty instead of factory warranty
I'm looking at leasing a Star Certified 2006 E55 with 22,000 KM / 14,000 miles on it. It's a 3 year lease and the original warranty runs out 8 months before the end of the lease. The dealer says they will "replace" the factory warranty with an extended warranty for only $2100 (instead of the regular $4200). This is in Canada by the way.
Does this sound OK, the salesman said the extended warranty is more comprehensive but "didn't have" the exact details on him when I was talking to him. Why would they do this? Why not just sell me the extended warranty for the remainder of the lease?
Does this sound OK, the salesman said the extended warranty is more comprehensive but "didn't have" the exact details on him when I was talking to him. Why would they do this? Why not just sell me the extended warranty for the remainder of the lease?
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From: SoCal
2004 E55
What dealer is this? Please understand when I say that the MB CPO warranty is NOT the same as the factory warranty. If you are buying a CPO from a MB dealer you will not be getting the same coverage as the standard warranty.
As a general rule, never listen to a word a saleman says regarding the warranty. They don't deal with warranties, they sell cars and will tell you what you want to hear. Study the warranty in writing before putting down any cash.
GL.
As a general rule, never listen to a word a saleman says regarding the warranty. They don't deal with warranties, they sell cars and will tell you what you want to hear. Study the warranty in writing before putting down any cash.
GL.
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From: Long Island
Turbonetics G35
What dealer is this? Please understand when I say that the MB CPO warranty is NOT the same as the factory warranty. If you are buying a CPO from a MB dealer you will not be getting the same coverage as the standard warranty.
As a general rule, never listen to a word a saleman says regarding the warranty. They don't deal with warranties, they sell cars and will tell you what you want to hear. Study the warranty in writing before putting down any cash.
GL.
As a general rule, never listen to a word a saleman says regarding the warranty. They don't deal with warranties, they sell cars and will tell you what you want to hear. Study the warranty in writing before putting down any cash.
GL.
Are you looking to lease the car for 3 years? From what I understand leasing a used vehicle is not a great idea because the lease rates are insane and you pay close to the price of a new car.
Why cant you keep the factory warrenty on the car, and also have the exteneded warrenty. I don't see why the factory warrenty should be void if you get an extended. One thing is for sure though, you don't want to have a leased car that has no warrenty, god forbid the motor blows a week before you have to turn it in; with no warrenty the repair bill would be all on you.
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From: West Virginia
2001 E320 RWD - Brilliant Silver/Ash: 100,000+
Ditto to examining that warranty carefully. A lot of people advise paying closer attention to the exclusions than to what they say is covered.
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2005 E55
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From: SoCal
2004 E55
Obviously SOME of the same things are covered, but they are two separate and distinct warranties. It is not an "extension" of the factory warranty! E.g. when I took my car in for a check of the IC pump, they found no problems and charged me for the diag testing! I literally paid for NOTHING! My CPO extended warranty does not cover testing when no fixable (under warranty) problem is found.
At the end of the day, nothing anyone says matters. Just ask for a copy of the actual warranty and read the ENTIRE document line by line. I know its a hassle and you might not think anyone actually does this, but you must. These cars are very expensive maintain and you need to know what you are getting for your money.
Best of luck.
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A black car
Thanks for all the replies for far. I intend to go over both warranties and see what the differences are. The dealer in quesrtion is Mid-Town Mercedes (DVP and Eglington in Toronto for anyone who knows the area). I'm leasing as I can write it off as a busines expense. I am putting $6,000 down and am paying $1,226 a month taxes in. Insurance for me is $203.15 a month taxes in.
I assumed leasing a used E55 would be cheaper then leasing a new E63. However, feel free to tell me if I'm wrong. If I can get a new E63 for the same rate I'd gladly go with that instead. I would rather know now, then after I signed the lease!
I assumed leasing a used E55 would be cheaper then leasing a new E63. However, feel free to tell me if I'm wrong. If I can get a new E63 for the same rate I'd gladly go with that instead. I would rather know now, then after I signed the lease!
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2007 E63
Thanks for all the replies for far. I intend to go over both warranties and see what the differences are. The dealer in quesrtion is Mid-Town Mercedes (DVP and Eglington in Toronto for anyone who knows the area). I'm leasing as I can write it off as a busines expense. I am putting $6,000 down and am paying $1,226 a month taxes in. Insurance for me is $203.15 a month taxes in.
I assumed leasing a used E55 would be cheaper then leasing a new E63. However, feel free to tell me if I'm wrong. If I can get a new E63 for the same rate I'd gladly go with that instead. I would rather know now, then after I signed the lease!
I assumed leasing a used E55 would be cheaper then leasing a new E63. However, feel free to tell me if I'm wrong. If I can get a new E63 for the same rate I'd gladly go with that instead. I would rather know now, then after I signed the lease!
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A black car
I admit I do not know the specific differences US->Canada but I will tell you the numbers you are putting down should get you (at least real close to) a new car. I am not sure if it's a possibility but I would offer you my E63 lease if you could take it over because it is a better deal (high lease miles, low down payment, taxes, less $ per month) but it is a US car.
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From: Salt Lake City (but not Morm)
2003 E55 & 2014 GL550
My dealer said point blank. With factory warranty, we "replace parts first" and ask questions later.
With extended, they get grief for possible needless swap outs so they really have to jump through hoops before swapping them out for new.
Straight up, extended is a VERY good thing to have, but as far as "the same as" factory warranty.....ehhhh, no.
With extended, they get grief for possible needless swap outs so they really have to jump through hoops before swapping them out for new.
Straight up, extended is a VERY good thing to have, but as far as "the same as" factory warranty.....ehhhh, no.
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From: OC, SoCal
08 S65, 06 M3 CS(stick), 02 BMW X5 4.6iS, 07 R1 Raven, 08 F-450 4x4, 08 CooperS JCW
I'm looking at leasing a Star Certified 2006 E55 with 22,000 KM / 14,000 miles on it. It's a 3 year lease and the original warranty runs out 8 months before the end of the lease. The dealer says they will "replace" the factory warranty with an extended warranty for only $2100 (instead of the regular $4200). This is in Canada by the way.
Does this sound OK, the salesman said the extended warranty is more comprehensive but "didn't have" the exact details on him when I was talking to him. Why would they do this? Why not just sell me the extended warranty for the remainder of the lease?
Does this sound OK, the salesman said the extended warranty is more comprehensive but "didn't have" the exact details on him when I was talking to him. Why would they do this? Why not just sell me the extended warranty for the remainder of the lease?
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From: OC, SoCal
08 S65, 06 M3 CS(stick), 02 BMW X5 4.6iS, 07 R1 Raven, 08 F-450 4x4, 08 CooperS JCW
I extended my warranty to 100k up from 50k on my M3 and a few months later cracked the floor pan acting like a teenager. Im close with my SA and he agreed to cover it but even were I not they would have covered the bulk of the cost.
Last edited by transferred; May 28, 2008 at 03:46 PM.
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2005 E55
OK.. are we talking a 3rd party 'extended' warranty? Or a CPO Mercedes warranty?
I just talked to my lease guy and he assures me the CPO warranty from MBZ is an 'exact' copy of the original.
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2007 E63
) and she comfirmed that although it is the recommended CPO for the car it is by no means as good as the original.
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2007 E63
She is talking to me now about some of the differences and the contract is important because it will have a list of exclusions. It may have changed some since she did it but trim pieces like window shades, seat heaters, different sensors, etc. are the types of things that may not be covered and she used to feel for some of her customers because those pieces will add up quick.
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2005 CL 65
My business partner and I both both the extended warranties (from local MB dealer) on our CLs while they were under factory warranty for about $3k. He as a CL55 and I have a CL65. The 55 came out of factory warranty shortly after the warranty was purchased and had to have the transmission replaced...over $10k in parts alone...the extended warranty paid 100%, no questions asked...That said, our experience with the extended warranty has been good but I agree that there is no substitute to the factory warranty...At the same time, having an AMG under warranty is also comforting...Good luck
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From: L.A., CA
'08 M5, '10 Land Cruiser
My business partner and I both both the extended warranties (from local MB dealer) on our CLs while they were under factory warranty for about $3k. He as a CL55 and I have a CL65. The 55 came out of factory warranty shortly after the warranty was purchased and had to have the transmission replaced...over $10k in parts alone...the extended warranty paid 100%, no questions asked...That said, our experience with the extended warranty has been good but I agree that there is no substitute to the factory warranty...At the same time, having an AMG under warranty is also comforting...Good luck
