Extended Warranty Query

[DSLiverpool]

The CLS55 warranty from year 3 to 4 is £1500 inc vat, can anyone tell me if thats good, bad or ugly as I think its haggleable ??

Ta

 

[evdok]

I got quoted £1006, they didn't budge so i did to www.warrantydirect.co.uk

 

[A210AMG]

Like anything its also a gable?

How many miles do you do in the CLS?

£1500 in the bank and do that each year, I guess its a what if query?

With any cover also check the small print what they do NOT cover.


Given the cover was £1000 for an E class it sounds about right for the CLS

 

[DSLiverpool]

I got quoted £1006, they didn't budge so i did to www.warrantydirect.co.uk

AMG not listed sadly

 

[Gareth]

I was going to extend my warranty, but given I do < 5000 miles a year and the car is only on 22,500 miles I couldn't justify it.

 

[evdok]

Worth a call!

 

[DSLiverpool]

Warranty direct want £830 inc comand cover and value of car cover

Thats using a MB garage so seems a no brainer as when I get rid of it im 99% sure I will part chop it and as such a warranty does not matter

Any thoughts ?

 

[crockers]

Don't accept their quote -- WD will be back with a special offer and drop a hundred or so off the price...


But with all insurance quotes / companies they are in it to make money

So all in all they will charge more than they expect everyone to claim....you only win if you are the one who claims but the premiums are designed to earn them money over giving you peace of mind....

 

[hawk20]

Insurance companies make a profit but so do brewers, landlords, clothing retailers and all who sell us their wares -if they can. And so they should.

Rich people and governments can cover risk themselves. The rest of us like insurance for peace of mind and often because we could not afford the worst happening. A few hundred a year insures my house. That gets rid of the risk that I might need over £100,000 to rebuild it if it burned down.

Car repairs if you are really unlucky could cost a few thousand. An MB warranty seems preferable to others to me as most threads suggest the warranty covers a lot and insurance companies tend to a) cover less and b) quibble more.

 

[crockers]

Fair point Hawk - but you can't compare house insurance to warranty cover. Chalk and cheese...one covers catastrophic loss other convenience. One could be mandatory if you have a mortgage the other is not...

Same as car insurance - that is mandatory and only govts usually self insure - others that can, use 3rd party insurers (i.e. Prudential's car fleet is insured with NU) to remove the risk of liability issues.

But I get the point you're making and its a fair one - just don't agree with you examples...

 

[hawk20]

All forms of insurance can be compared with an extended warranty -which is just another form of insurance.

We buy insurance -where it is optional- because we prefer the known premium to the risk of higher bills if things go against us.

 

[crockers]

All forms of insurance can be compared with an extended warranty -which is just another form of insurance.

We buy insurance -where it is optional- because we prefer the known premium to the risk of higher bills if things go against us.

True

But I was just trying to point out your example isn't correct

house insurance (when you have a mortgage) is mandatory as is motor insurance....whereas warranty insurance is optional....

 

[hawk20]

True

But I was just trying to point out your example isn't correct

house insurance (when you have a mortgage) is mandatory as is motor insurance....whereas warranty insurance is optional....

Sure. But that doesn't affect the principle. And lots of people without mortgages choose to have house insurance; just as lots of car drivers choose to have way above the legal minimum level of car insurance. And they do so for the reasons I gave.

As I said: -
"All forms of insurance can be compared with an extended warranty -which is just another form of insurance.

We buy insurance -where it is optional- because we prefer the known premium to the risk of higher bills if things go against us."