Parts Catalog Accessories Catalog How To Articles Tech Forums
Call Pelican Parts at 888-280-7799
Shopping Cart Cart | Project List | Order Status | Help




Go Back   PeachParts Mercedes-Benz Forum > Mercedes-Benz Tech Information and Support > Tech Help

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 02-10-2006, 10:56 AM
Registered User
 
Join Date: Feb 2006
Posts: 19
warrenties/is it worth extending&the money

Ideas on extending warrenies. Is it worth the money? My auto is 2003 ml. Other than a whinning sound, I've had no problems.
Reply With Quote
  #2  
Old 02-10-2006, 11:39 AM
Registered User
 
Join Date: Jul 2003
Location: Ocean Isle Beach, NC
Posts: 2,443
Some people can't live without them. A few like me wouldn't ever buy one but certainly wouldn't turn down a car that had one. I have never owned a car where it would have paid me to have bought an extended warranty. My philosophy is that these extended warranty companies are not in business to be helpful to car owners. They are in business to make money. Considering how much profit there is to the dealer/salesperson selling such warranties and that maybe half of your premium actually goes to the warranty company and in the scheme of things they are not going to lose money on the deal, then it's got to be a bad buy for me. I've also heard of a whole lot of cases where the warranty company either went out of business or made it difficult to get claims paid. Others feel that they want the peace of mind and that's okay too.

Len
Reply With Quote
  #3  
Old 02-10-2006, 12:08 PM
BurBenz
 
Join Date: Jan 2006
Location: New Jersey
Posts: 55
Quote:
Originally Posted by sokoloff
A few like me wouldn't ever buy one but certainly wouldn't turn down a car that had one. I have never owned a car where it would have paid me to have bought an extended warranty. My philosophy is that these extended warranty companies are not in business to be helpful to car owners. They are in business to make money. Considering how much profit there is to the dealer/salesperson selling such warranties and that maybe half of your premium actually goes to the warranty company and in the scheme of things they are not going to lose money on the deal, then it's got to be a bad buy for me. I've also heard of a whole lot of cases where the warranty company either went out of business or made it difficult to get claims paid. Others feel that they want the peace of mind and that's okay too.

Len
It is true. I support your philosopy. It is all depends on how you take care of your car. If you maintain your car properly, it won't disappoint you.
Reply With Quote
  #4  
Old 02-10-2006, 01:10 PM
G-Benz's Avatar
Razorback Soccer Dad
 
Join Date: Apr 2001
Location: Dallas/Fort-Worth
Posts: 5,711
I think buying an extended warranty for a vehicle with low miles makes no sense. As previously posted, if it has been taken care of, it shouldn't cause the kinds of problems that a warranty is designed to cover.

I have had extended warranties on several cars (in my younger days) and never had the opportunity to use them. The only one that turned out to be advantageous was for my W124, which had 72K on it when I purchased. Not long thereafter, I had the A/C evap go out, the main wiring harness, and the belt tensioner and front valve cover seal. All replaced for just the deductible cost. Figured it paid for itself.
__________________
2009 ML350 (106K) - Family vehicle
2001 CLK430 Cabriolet (80K) - Wife's car
2005 BMW 645CI (138K) - My daily driver
2016 Mustang (32K) - Daughter's car
Reply With Quote
  #5  
Old 02-10-2006, 02:01 PM
LarryBible
Guest
 
Posts: n/a
I have never had an "extended warranty" on any vehicle. That said I think that for someone who does no automotive work themselves, it MIGHT be worthwhile IF you get one from the manufacturer. DO NOT get one from a third party company. These companies are notorious for going out of business leaving their policy holders high and dry. The manufacturer will in all liklihood be around to honor its extended warranty.

Also I believe that they should call these what they are, an INSURANCE POLICY. They are not a warranty. When you buy one, you are betting that the car will break down and they are betting that it won't. That is an insurance policy.

Have a great day,
Reply With Quote
  #6  
Old 02-11-2006, 12:15 AM
skiier3_9's Avatar
Registered User
 
Join Date: Jan 2005
Location: Minnesota
Posts: 975
I agree Larry, from an economist's view it the same as buying homeowners insurance or car insurance...with the exception that cars always break
__________________
Daily Driver: 02 E430 4MATIC
In the family: '03 E500 // '04 ML500 // 64 220SE
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -4. The time now is 12:21 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2018 Pelican Parts, LLC - Posts may be archived for display on the Peach Parts or Pelican Parts Website -    DMCA Registered Agent Contact Page