Lifetime Premium Member
Date registered: May 2006
Vehicle: 2001 E320 - Brilliant Silver/Ash: 107,000+
Location: West Virginia, USA
Mentioned: 0 Post(s)
Quoted: 5 Post(s)
I've seen this issue debated a lot on MB forums, and there is no easy answer, but a lot of opinions. However, I like the sokoloff logic. By buying the warranty, you are gambling that you will need repairs that cost more than the warranty did; they are obviously betting that you will not = they make a profit = they stay in business and can honor your warranty.
Insurance companies have actuaries that compute the odds for them - we ask friends and forums what we should do. In my opinion, we are out-gunned and playing poker against an opponent dealing from a stacked deck. Ultimately, they will win the game or go out of business - then we lose out.
Having said that, I bought a CPO that came with 12 months/100,000 miles and paid $1845 for another 12 months. My reasoning was that my previous car cost me so much money to maintain that I took a financial bath on it.
If I were you, and if you decide on a warranty at all, get one from Daimler-Chrysler. I have read the fine print on mine, and it covers damn near everything expensive.
Mercedes Benz - Das beste oder nichts!
Last edited by Musikmann; 11-15-2006 at 06:57 PM.