Are Extended Warranties Worth It?

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Whether you’re searching for a brand-new Mercedes-Benz C-Class or a dependable pre-owned vehicle, with the option to extend your warranty. You may be wondering, “Are extended warranties worth it?” If you’re planning on keeping your vehicle for several years and want additional coverage for peace of mind, the answer is “yes!” Below, you can learn more about extended warranties, how they work for new and pre-owned vehicles, and what they cover!

What Are Extended Warranties?

First, let’s answer the question, “What is an extended warranty?” When you’re financing a new or new-to-you vehicle, you can opt-in for extended coverage. This prolonged protection gives you additional maintenance coverage once your factory warranty expires. Plans vary from OEM to OEM, but in the case of Mercedes-Benz, the extended warranty kicks in when the original 48-month/50,000-mile coverage ends.

You’ll have the option of adding one, two, or three years of extra protection for up to 100,000 miles. When you choose an extended warranty, you’ll also enjoy the following benefits:

  • Better market value retention
  • Transferable should you ever choose to sell the car
  • No deductibles
  • Honored at 350+ authorized Mercedes-Benz dealerships
  • 100% refundable if it’s canceled before the New Vehicle Warranty expires
  • Access to certified service centers
  • Access to the latest diagnostics

New & Used Vehicles: Extended Warranties

You can purchase an extended warranty for a new or pre-owned vehicle, although there are some differences in how those warranties work. Keep the following tips in mind when you’re tacking an extended warranty onto your vehicle:

New Vehicles

Before purchasing an extended warranty, you’ll want to be sure that you plan on keeping the vehicle for a long time. If you think you’ll be swapping the car for another one in under 10 years, an extended warranty may not be the right choice for you. If you do want to keep your car, however, an extended warranty is strongly recommended.

Used Vehicles

When you’re purchasing a used vehicle, the main priority is — first and foremost — ensuring that it’s reliable. Ensure that you have the car inspected and take it for a test drive to get a feel for how it runs. Review its service records to be sure it’s up-to-date on routine maintenance. From there, you can decide on whether it’s a.) worth buying and b.) worth covering with an extended warranty.

Should I Buy Extended Warranties?

Ultimately, the choice is yours! There is no right or wrong answer. It comes down to a few factors, such as your financial situation and lifestyle. If you’re the type of person who likes to plan ahead, an extended warranty is a great way to ensure your car is covered should the need for unexpected repairs arise. This type of warranty provides a buffer zone between you, your car, and unforeseen repair costs. If you’d like that extra safety net for your vehicle’s health and market value, then an extended warranty is worth it.

Learn More About Your Options at Mercedes-Benz of North Olmsted!

Still weighing the pros and cons of an extended warranty? Contact us online or give us a call at (833) 969-0624 to further discuss your options for your new or pre-owned vehicle! In the meantime, you can plan ahead for your next car purchase by calculating your monthly payments online. You can also review our handy guide to Mercedes-Benz warranty coverage, so you have a better idea of what to expect with your new or CPO Mercedes-Benz vehicle!

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