I need to make a decision on an extended warranty in the next two days. I would greatly appreciate your feedback.
I bought an '05 SLK55 and the MB warranty has expired on it. It has 28,000 miles. Date placed in service is Dec of 2004. So that means I need an aftermarket warranty that I can trust and doesn't cost a mint.
I've searched the forum here and found a little info:
JM&A warranty - What company is this? How do I buy one? When I went to the company website there's very little info for consumers. Seems like it's purchased through dealers. Can it be purchased online somewhere?
I was quoted the following on a warranty through a dealership. I'm not sure what warranty company and need to see the fine print yet.
4yr/50k miles with $250 deductible $4334
1yr/12k miles with $250 deductible $2439
I also submitted a quote request through Carfax. Haven't heard a response back
Our local credit union won't sell me a warranty because the company they use considers the car "high performance"
I'm not sure how long I want a warranty for. Well forever would be nice
This was the first price given. I can negotiate right? What would be a good negotiation? Someone mentioned $300-500 per year below what was offered.
It's hard to make relevant price comparisons to information on the forum because everyone's car has different mileage and some are buying extended warranties while the car is still under factory warranty versus after original warranty expires.
It would be nice to have a thread or sticky with general guidelines and advice for purchasing extended warranties as it seems like an essential item for those of us who are keeping our cars for a long time. What to look for, what to stay away from, companies that owners recommend, that kind of thing would be helpful. Price paid would be nice but not essential since it's so specific to the car and market.