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My 2012 E500 has an Tier 1 Mercedes extended warranty. After the end of the original warranty period they 'cut' the cost to about £650 / yr. I think the full MB quote was about £950.Watching with interest. Ours is coming towards the end of its factory warranty and we need to decide what we do next.
I got a quote from Motoreasy (£600/yr), but a number of comments I've read online don't give much by way of confidence in their response when the brown smelly stuff hits the round whirly thing.
It is really insurance - you might have a major repair and be happy you took the policy or have nothing go wrong and regret the policy.
Risk averse (transfer it to the insurer at a price) or risk taker (keep your money in the bank)?
Correct.... it's all about financial risk and how to mitigate it.
And ultimately I would be happy if I paid for extended warranty and my car proved reliable and did not need any repairs during the period.
My other car is a Kia...New car repairs scare me, it is easy to get a bill into the £1000,s if you get something major go like a gearbox or even a clutch. I would pay £449 for the peace of mind. Of course you could always buy a Kia and get seven years warranty for nowt.
A more extreme example is my life insurance - which stops me from worrying about how my family will manage in the event of my death. So for me it's good value, although I hope that the insurer will never have to pay-out on this policy....
I've just been quoted £449 by Mercedes to extend the warranty on my three year old C200. It covers all non-consumables...apparently. M-B has changed its warranties and has rolled them into one, according to the chaps I've spoken to. However, I'm still trying to get something in writing that describes what's covered.
Just had the same quote for my c200. The price seems reasonable, but here is a list of exclusions:
Items specifically excluded are as follows:
• Air cleaners;
• Any seal, gasket or sealant;
• Auxiliary belts;
• Batteries - non HV and auxiliary batteries;
• Bonnet, boot and fuel flap release cables;
• Brake friction material and discs/drums;
• Brake pipes and brake hoses;
• Clutch assemblies/clutch fork/release
bearings/pressure plate/carrier plate;
• Clutch master cylinder/clutch slave cylinder;
• Core plugs;
• Distributor caps;
• Drive shaft and steering rack gaiters;
• Electrical connection blocks, terminals and
fuses;
• Exhaust system, muffler, heat shields and
exhaust pipes;
• Fuel filters;
• Gearbox, axle and drive line mountings;
• Handbrake/parking brake cables;
• Hinges (all);
• Hoses/pipes (non-metal), hose clips and
connectors (excluding coolant hoses);
• HT leads;
• Light bulbs and LED bulbs (except Xenon Bulbs);
• Navigation CDs, DVDs and SD cards;
• Oil filters and gaskets;
• PAS high pressure hose/pipes;
• Pollen/odour filters;
• Reprogramming or software updates (unless
required as part of a replacement part repair or
remedies the complaint/fault. Maximum 1 hour);
• Shock absorbers and suspension struts;
• Spark plugs;
• Sunroof cables, convertible cables, convertible
roof material and straps;
• Tyres;
• Wheels;
• Wiper blades;
• Wiring and wiring looms.
The one I have highlighted worries me, what if you blow a head gasket,
Plus this other exclusion at the end:
Any failure attributable to the effects of overheating
is not regarded as a mechanical failure under the
terms of this insurance.
So if you blow a head gasket and cook the engine you're not covered. Or am I being over sceptical.
Any opinions?
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