Extended warranties.

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montero1

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Jan 26, 2006
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Location
Md, USA
My neighbor is set on buying a 2016 G63 Mercedes G-wagon. It has 50,000 miles. It comes with a 90 day powertrain warranty. He was thinking about an extended warranty, but I've never purchased one myself. I know there is a lot of small print and some people end up dumping money on them just to get a denied claim. Curious if it pays to have one on a vehicle like this, I believe the one the dealer is trying to sell him is about $6000, but not sure what all it covers. It's not just powertrain, but in the state he is buying from, it's not legal to call it "bumper to bumper". For $6000, I think I'd roll the dice on not having a major repair, but I know anything AMG is big money. Thoughts? Not interested in opinions on buying the truck in the first place, let's keep it to just warranty companies, good, bad, or don't even get one.
 
What's the time (3, 5, 7 years)? How many miles do they intend to put on? Is there other warranties that would cover what that $6,000 would for less on the market? Just thinking out loud. Another alternative is save that 6k back for future expenses & it will be guaranteed to be available. That beats a denial any ol day of the week in that situation.
 
My experience on the service provider side is most extended warranties are not worth the paper they are written on. I have a customer going rounds with his warranty right now over a torque converter on a Ford Edge. They are trying very very hard to weasel out of paying for anything. They currently want to send a used torque converter which neither myself or the customer is interested in.
 
fantastic said:
What's the time (3, 5, 7 years)? How many miles do they intend to put on? Is there other warranties that would cover what that $6,000 would for less on the market? Just thinking out loud. Another alternative is save that 6k back for future expenses & it will be guaranteed to be available. That beats a denial any ol day of the week in that situation.
Click to expand...
I believe it was 5 years, 100k. He probably will drive it 5k per year, it's just a weekend, vacation toy.
 
montero1 said:
My neighbor is set on buying a 2016 G63 Mercedes G-wagon. It has 50,000 miles. It comes with a 90 day powertrain warranty. He was thinking about an extended warranty, but I've never purchased one myself. I know there is a lot of small print and some people end up dumping money on them just to get a denied claim. Curious if it pays to have one on a vehicle like this, I believe the one the dealer is trying to sell him is about $6000, but not sure what all it covers. It's not just powertrain, but in the state he is buying from, it's not legal to call it "bumper to bumper". For $6000, I think I'd roll the dice on not having a major repair, but I know anything AMG is big money. Thoughts? Not interested in opinions on buying the truck in the first place, let's keep it to just warranty companies, good, bad, or don't even get one.
Click to expand...
I wouldn't buy the vehicle (especially a Mercedes) without getting the warranty. If it's not a Mercedes backed warranty it's a waste of money.
I bought my wife a "certified Volvo". It comes with 12 months-unlimted millage warranty. Knowing these things are not cheap to work on-I extended it out even further.

It is extremely clear what is not covered on a Volvo warranty.
 
fantastic said:
What's the time (3, 5, 7 years)? How many miles do they intend to put on? Is there other warranties that would cover what that $6,000 would for less on the market? Just thinking out loud. Another alternative is save that 6k back for future expenses & it will be guaranteed to be available. That beats a denial any ol day of the week in that situation.
Click to expand...
$6,000.00 repair allowance doesn't go far on a Mercedes-respectfully.
 
I didn't even know who Ice-T was, until someone told me, as he was pitching 3rd party warranties on some crappy commercial.

The only ones I MIGHT consider, are those from the car manufacturer. But having the background and tools to repair cars (or if I can't be bothered, former colleagues still in the car repair game), I would never buy one. The car manufacturers and the aftermarket warranty companies know that extended warranties are almost always pure profit. The chance that they'll need to pay for a repair is slim, and even slimmer if they can successfully not honor any warranty claims.

The local News has a guy who is always doing stories on extended warranties, and customers who have tried in vain to get the scammers warranty companies to honor the policy.

I'd take the money and invest it as a fund for possible future car repairs.
 
montero1 said:
My neighbor is set on buying a 2016 G63 Mercedes G-wagon. It has 50,000 miles. It comes with a 90 day powertrain warranty. He was thinking about an extended warranty, but I've never purchased one myself. I know there is a lot of small print and some people end up dumping money on them just to get a denied claim. Curious if it pays to have one on a vehicle like this, I believe the one the dealer is trying to sell him is about $6000, but not sure what all it covers. It's not just powertrain, but in the state he is buying from, it's not legal to call it "bumper to bumper". For $6000, I think I'd roll the dice on not having a major repair, but I know anything AMG is big money. Thoughts? Not interested in opinions on buying the truck in the first place, let's keep it to just warranty companies, good, bad, or don't even get one.
Click to expand...
Depends on who the provider is. New car dealerships for German makes don't typically sell bad extended warranties. He can usually buy them from any Mercedes dealership and price isn't typically fixed. My BMW extended warranty saved my butt on my 335d. The one I bought was BMW branded rather than a third party
 
Timmastertech said:
My experience on the service provider side is most extended warranties are not worth the paper they are written on. I have a customer going rounds with his warranty right now over a torque converter on a Ford Edge. They are trying very very hard to weasel out of paying for anything. They currently want to send a used torque converter which neither myself or the customer is interested in.
Click to expand...

So-it's not a Ford Blue Oval warranty. And it's a third party warranty. Correct?
 
CKN said:
$6,000.00 repair allowance doesn't go far on a Mercedes-respectfully.
Click to expand...
Still beats getting denied. ;)

You'd have the money in a savings account waiting to be used. That is the difference between a denial & being able to use that $6,000 towards a repair expense. We already know that may not go very far on a lux brand Euro vehicle.
 
I’d suggest he find out what company is providing it and look it up and how long in business.

Notoriously 3rd party warranties are difficult or impossible to collect on and infuriate repair shops.
 
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