Are Extended Warranties Worth It?

Many Niagara drivers ask us, “Should I buy extended warranties?”, so we decided to put together a little guide on everything you need to know when considering an extended warranty. If, after reading, you think extended warranties are right for you, get in touch with our finance department to take the first step in securing an extended warranty plan for your vehicle.

What is an Extended Warranty?

When you buy a new Mercedes-Benz model, it comes with an original manufacturer warranty that lasts you for 80,000-kilometres/4-years (whichever comes first). When you begin financing a Mercedes-Benz model, you’ll have the option to add on additional warranty coverage that will take effect once your original manufacturer warranty runs out. These extended warranties can be quite niche, only covering your power-train, roadside assistance, or other aspects of your vehicle. They can also be more general and comprehensive. Be sure to talk to your financier for a full review of your options.

Extended Warranties for New & Used Vehicles

Niagara-on-the-Lake drivers wondering, “Are extended warranties worth it?” or “Should I buy extended warranties?”, you’ll want to consider this question from different angles depending upon whether you’re shopping for new or used vehicles. Here are some tips for both:

New Vehicles

If you’re considering an extended warranty for a new vehicle, you’ll want to consider how long you plan on keeping it. If you’re thinking you’ll be trading up on your vehicle in less than 10 years, chances are, an extended warranty isn’t worth it. Are you in for the long haul? In that case, we highly recommend them.

Used Vehicles 

If you bought a used vehicle that has poor reliability ratings, or it’s a vintage car that cost you a pretty penny, but reliability is no guarantee, we especially recommend extended warranties. That said, coverage is always a good idea on a used car if you can afford it, and you don’t plan on swapping it out in the next 5 years. Remember to check and see if the used vehicle still falls under any remainder of its original factory warranty.

Still Unsure if Extended Warranties Are Worth It For Your Car?

Pelham drivers still asking themselves “Should I buy extended warranties?” after reading our guide can contact us for help. We’ll respectfully help you come to a decision that’s right for you. If you have other questions about car shopping, be sure to explore our car buying tips for other helpful reads about how to buy a new car and more!