Thought I'd update this tread with some E500 Warranty Extension / Running Costs Musings....
In case you were wondering what it costs to run a V8 E500 …
My E500 Cabrio is now 6 years old but with only 21,500 miles on the clock.
When purchased it was at 14,000 and I took a Tier 1 Mercedes Warranty a few months after buying it. As I bought the car privately, at under dealer price I splashed out on the warranty for peace of mind.
Last year the warranty was £1050 - they have just offered renewal at £679 for another 12 months.
So … my service plan is £35 pm = £420 p/a plus £679 warranty = £1100 odd for 12 months of pretty much worry free motoring.
On my mileage of 7000 pa that’s a set of tyres every other year - say average £400 per year inc tracking, plus brakes every few years.
So that averages about £1600 per year in servicing and sundries if I extend the warranty.
So total monthly costs ….
- Service & Warranty £133
- Road Tax £27 (£315 pa)
- Insurance £50
- Fuel £125 (7000m per year £1.25 litre - OBC - is showing av 26.4mpg over last 5000 miles)
£335 per month = £4000 per year - or 57p a mile.
Depreciation is likely to be in the £250 per month range at the moment but this will ease up a bit as the curve flattens. I’m not bothered about this cost as my thinking is to just hold on to it for as long as possible.
I think I’m going to take up the extended warranty offer at £679. It's a fully specced car with Distronic and Blind Spot assist so there are many expensive gadgets that could go fail and of course there is a fair amount of stuff under the bonnet with those twin turbos and a that V8…....
