CPO- Worth it? - Mercedes-Benz Forum

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post #1 of 13 (permalink) Old 02-18-2016, 07:11 AM Thread Starter
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CPO- Worth it?

This is my situation:

I'm in medical device sales and drive 1000-1500 miles per week and the unlimited mileage 'bumper-to-bumper' (more or less) warranty seems very attractive in my situation. While I have always done my best to be frugal, I tend to like 'the finer things in life' and it seems to me that purchasing a CPO 2015 c class 4matic would be a wise choice. I could literally put 200,000+ miles on this car and have it covered for almost every repair the entire time while enjoying the luxury of a Mercedes.

My question is, from a purely financial standpoint does this seem like a wise decision in comparison to buying a lower cost non-luxury sedan and running it into the ground? Also, I am not mechanically inclined so any repairs that are required I pay someone to do it. I am saving to buy a passive income property so I can begin to get out of the rat race of working for someone else so the financial aspect is important to me.

Thoughts?
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post #2 of 13 (permalink) Old 02-18-2016, 08:30 AM
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My opinion is that you are exactly the type of customer CPO is made for. I would go for it in your circumstance and the 2015 C-Class is an excellent choice. Make sure they include a loaner car in the agreement so you will have transportation during maintenance down times.
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post #3 of 13 (permalink) Old 02-18-2016, 08:49 AM
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Read the fine print. I doubt the warranty will last 200,000 miles.
"if it sounds too good to be truth....."
I had "Bumper to bumper" warranty on our new MB and it did not cover the small things we needed.
$200 cluster bulb replacement -out of the pocket.
We had rust stains showing on headliner and dealer wanted $800 cash to "investigate" if the warranty would cover whatever is behind.
I agree with rocky raccoon that CPO might be the best in your situation, but I guess you expect too much.
No car will drive 200,000 miles without some money put in it.

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post #4 of 13 (permalink) Old 02-18-2016, 11:02 AM
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The original warranty covers the first 50K miles or 4 years.
Then you have 1 year, unlimited miles Extended Limited Warranty, this is transferrable to new owner.
After that, you can purchase 1 or 2 more years warranty; I suspect this would be costly with very high miles.
So, I think the CPO would be a good idea for you.

Phil

Prior MBs:
1971 250, 1983 380SEL
1986 190E2.3, 1987 300TD
1994, 2003, 2005 SL500s
2001 E320 4Matic
2011, 2012 E350 4Matics
2012 S550 4Matic
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post #5 of 13 (permalink) Old 02-18-2016, 11:29 AM Thread Starter
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Originally Posted by PLeeson View Post
The original warranty covers the first 50K miles or 4 years.
Then you have 1 year, unlimited miles Extended Limited Warranty, this is transferrable to new owner.
After that, you can purchase 1 or 2 more years warranty; I suspect this would be costly with very high miles.
So, I think the CPO would be a good idea for you.
I read the same thing online (50K/4yr+ 1 yr unlimited with the option to extend unlimited mileage a for total of 3 yrs unlimited in addition to the 4yr/50K) but I have been to 2 separate dealerships and both times I was told it is acutally:

4 years unlimited mileage from first purchase date plus 1 year unlimited mileage with the option to extend up to 2 years. So all in all, 5-7 years unlimited mileage. Seems like the sales guys at each of these are trying to pull a fast one if you ask me.
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post #6 of 13 (permalink) Old 02-18-2016, 11:48 AM Thread Starter
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Originally Posted by Kajtek1 View Post
Read the fine print. I doubt the warranty will last 200,000 miles.
"if it sounds too good to be truth....."
I had "Bumper to bumper" warranty on our new MB and it did not cover the small things we needed.
$200 cluster bulb replacement -out of the pocket.
We had rust stains showing on headliner and dealer wanted $800 cash to "investigate" if the warranty would cover whatever is behind.
I agree with rocky raccoon that CPO might be the best in your situation, but I guess you expect too much.
No car will drive 200,000 miles without some money put in it.
I have been told by 2 dealerships that while I would be responsible for stereo, interior lights etc it is nothing that exceeds a few hundred per fix. I then threw a scenario at them: "What if I drive 300,000 miles in the unlimited mileage warranty period and they have to replace the transmission 3 times- will Mercedes pay for that or is there a limitation?". I was told they would replace it with a $0 deductible all 3 times. They then said I am essentially the type of customer Mercedes corporate would take a loss on. However, there are enough people who buy their cars with these warranties that they can still make money even with the very small percentage of buyers like me that will cost them money.

Do you guys think BS, or seems legit?
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post #7 of 13 (permalink) Old 02-18-2016, 12:07 PM
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Sounds good but get a contract.
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post #8 of 13 (permalink) Old 02-18-2016, 01:02 PM
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Yeah, the things salesman will promise you and never put it in writing....

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post #9 of 13 (permalink) Old 02-18-2016, 06:17 PM
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If they are offering the ELW with unlimited mileage then get it! When I bought my ELW the choices were 5,6, or 7 years from the original factory warranty start date, BUT with either 75k or 100k mileage limits, buyer`s option. Unlimited mileage would make a huge difference in your situation.
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post #10 of 13 (permalink) Old 02-18-2016, 11:02 PM
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From a build quality stand point, I would pass on the C and get an E diesel. The larger car has nicer seats for parking your butt in. The compression engine is just as quiet and a bit more powerful than a petrol, and gets better mileage on a tank. It will also be more likely to survive racking up big miles in a short period.

Get the ELW with everything delineated in ink, not just hot air from sales boy. If there are issues (which there will be) you have a legal document to back you up.

Resale on the C will be nil with such high miles. The diesel will be able to hold value, so that in five years, you can get some cash for it.

A recent discussion at a club meeting of owners of the newer cars centered on the prospect of very short life spans for the current crop compared to the classic Benz. The complex parts are far too expensive to repair, and lower grade build materials just do not hold up to use. We concluded that a fresh off the lot Benz is good for a decade before the cascade faults build up and you can no longer afford to throw parts at the issue. My latest adventure at the dealership made this very clear. The tech had no idea how to fix the car right and could not recognize factory parts.

IF you are gunning for investment property and income, go for a decent korean high end car. Cost will be much less, quality will rival the C class, and the new benz all look like Kias anyway

Clay

74 450SL - Froggy
'02 s320 - Victor
'76 300D - Voldemort
'95 E300D - Cleo
'72 220D - Gump
'87 300SDL - POS SDL

92 300SE - #1 boys ride
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