Date registered: Nov 2002
Vehicle: '82 380SL+'02 ML320
Location: Portsmouth VA
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
RE: Hmmmmm- time to extend warrenty, what to do?
MB warranty is up to 7 years and 100k miles. There are a couple of versions.
I own an '02 ML with an MB extended warranty. While I purchased my warranty as a knee jerk reaction, now that I am at 51k, I am so glad I got it. If I were making the decision today, here would be my thinking process..
A. How long are you keeping it?
B. What will the top warranty cost?
C. What is the likelihood of one of the following in that time frame...
1. transmission needing overhaul or replacement
2. engine head gasket replaced or worse
3. major electrical or heat/air problem
My real opinion is; If you buy an MB today, the extended warranty is insurance...If you have enough money to overcome anything, or you can get a better return on your money by doing something else with it, or you are going to slough it off before the warranty expires, or it's a business vehicle, or it's a lease, don't get the warranty. Otherwise, the probability of a post '00 Mercedes punishing you to the tune of $2500 within 7 years/100,000 miles is very, very high.
1974 280 (gone)
1982 380SL (schwarzekatz)
1984 300TDT (why did I get rid of the best one?)
1992 300E (gone and forgotten)
1993 190E (daughter drives)
1994 E320 Wagon (gone and forgotten)
2002 ML320 (thank goodness for extended warranty)