Best Extended Warranty Company??? - Mercedes-Benz Forum

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post #1 of 16 (permalink) Old 09-01-2010, 12:43 PM Thread Starter
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Best Extended Warranty Company???

I have an R320 08 with about 25kMI and I want to get an extended warranty at least to 100k mi or more. So far the policies I have seen are $5-7K I have heard of people snagging some for $2-3.5K, that I can bite. But are they good and will I have to fight for claims.

Please tell me your best ext. warranty ins for the money companies and why. TY
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post #2 of 16 (permalink) Old 09-02-2010, 09:48 AM
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Have a look at AFM, formerly Fidelity Warranty Services. That's what I bought and they have been good so far. Plus keep in mind that the prices are negotiable.

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post #3 of 16 (permalink) Old 09-02-2010, 10:07 AM
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Greg and I are on opposite sides of the fence on this. I think Greg is one of the "lucky" ones if you can use that word in that his extended warranty paid off for him.

IMO the best extended warranty company you can use is yourself. Self insure. The odds are tipped way in favor of the insurance company by a long shot.

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post #4 of 16 (permalink) Old 09-02-2010, 10:33 AM
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Hi Len,

Yes we always disagree but I will agree with you that I'm one of the lucky ones. These companies would not be in business long if all their subscribers were like me. Bottom line is if you are not a DIY, the peace of mind these offer are worth the money.

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post #5 of 16 (permalink) Old 09-02-2010, 11:33 AM
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The best extended warranty is a factory one, I purchased a non factory on an Eldorado once, the salesman said it will get me an extra year for the same price. When I needed it 5years later, the same dealership would not honor it.
Now having said that, my 01 E has been so trouble free that after two minor issues on the new car warranty, the 4 year extended only has been used on a window regulator, sticky wheel buttons, and a sensor on the throttle cable before it expired.
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post #6 of 16 (permalink) Old 09-02-2010, 03:47 PM Thread Starter
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Thanks for the input, keep it coming!

True, 1/10th of people with warranty policies use them either because they do not need them or outright forget they have them.

Consumer reports recommends self insure too for the same reason with the exception of Mercedes Benz do to the high cost of repairs and in some models and years the frequency of repairs. I just wanna snag it at a lower price with a company that will actually honor the bill if i'm going to see the value.

Keep the recommendations coming, only with ones priced below $4-5K with proven coverage. TY!!!!!!
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post #7 of 16 (permalink) Old 09-02-2010, 03:54 PM Thread Starter
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Originally Posted by Musikmann View Post
Have a look at AFM, formerly Fidelity Warranty Services. That's what I bought and they have been good so far. Plus keep in mind that the prices are negotiable.
I couldnt find AFM what is the long version? I found FWS and still in business but found consumer warnings all over the internet. Satisfaction is VERY low come claim time.
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post #8 of 16 (permalink) Old 09-02-2010, 06:10 PM
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Fidelity Warranty Services - Home Page


That is the long version
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post #9 of 16 (permalink) Old 09-02-2010, 06:14 PM Thread Starter
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Yep thats the one there were lots of their customers had a lot of complaints about as never wanting to cover a claim. Need an attorney to read their agreement and better have one to fight for you to get them to pay a claim sorta thing.
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post #10 of 16 (permalink) Old 09-02-2010, 07:37 PM
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My dealer offered me a third party extended warranty. When I read through the terms & conditions, the warranty company wanted the proof of oil changes at least every 6 months before paying claim for ANY repair.

And please note again that key word is 'ANY'. They wanted proof of oil changes even for non-engine related repair. There was no exception for following manufacturer's oil change schedule.

In my opinion Best Third Party Extended Warranty is an Oxymoron. Your best bet is to find a good indy mechanic & to know about your car better all around.
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