Are Extended Warranties Worth It?

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While all new Mercedes-Benz vehicles come standard with a Mercedes-Benz Warranty, there are also options to purchase additional coverage in the form of extended warranties. But are extended warranties worth the extra cost? The answer depends on multiple factors, including your lifestyle, budget, and how long you plan on keeping the vehicle. Learn more about extended warranties, how they work, and what they cover with the help of the financial experts at Mercedes-Benz of Newton.

The Basics of Extended Warranties

When purchasing a new or used vehicle, an extended warranty is an optional plan that provides additional maintenance coverage once your factory warranty has expired. Plans vary between automakers, but the Mercedes-Benz Extended Warranty provides coverage for up to one, two, or three years and up to 100,000 miles. Acting as an additional safety net, an extended warranty will cover you in the event that a major repair is required and your major powertrain warranty has ended.

New and Used Extended Warranties

If you’re interested in a pre-owned vehicle, you can still benefit from the protection of an extended warranty. These can help mitigate costly repairs so you can avoid car repair financing. Whether you’re looking to tack on an extended warranty on a new or used car, here are some tips to consider for both:

New Vehicles

On thing to consider when purchasing a new vehicle is how long you plan to keep it. An extended warranty may not be worth the cost if you’re planning on switching your vehicle within 10 years, since many modern vehicles are highly reliable. If you do plan on keeping the vehicle for 10+ years, then an extended warranty is certainly recommended. You’ll also want to look into any new vehicle coverage provided at the time of purchase to see what’s included.

Used Vehicles

When purchasing a pre-owned vehicle, an extended warranty can provide extra peace of mind. When looking for a reliable pre-owned vehicle, be sure to have the vehicle inspected and possible issues estimated. Similar to new vehicles, also consider how long you plan on having that used vehicle for before you decide.

If you want added assurance your vehicle is in good condition, consider a certified pre-owned model which has to meet strict standards and pass a rigorous inspection. A certified pre-owned Mercedes-Benz will carry any remaining New Vehicle Limited Warranty with it, and then can be covered by the Mercedes-Benz Certified Pre-Owned Warranty for another 12 months with no mileage cap.

Explore Your Coverage Options at Mercedes-Benz of Newton

If you have more questions about the car buying process, from cost to coverage, the experts at the Mercedes-Benz of Newton finance center are here to help. Whether you need to know about rates or refinancing, our department has the expertise to answer all of your questions. Reach out to us today to learn more!

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