3rd Party Warranties

[LouZ]

My wife is big on getting warranties. When we bought our '90 C2, the deal closer for her was the fact that they offered a 3rd party warranty. They would honor any repair and work with the company (and, if we had the work done by their shop, the deductable was $0). Fortunately, we never put that policy to the test.

 

However, when the 4 year factory warranty on our CLK was about to expire, our credit union offered an additional 3rd party plan, $0 deductable, covering nearly everything. During the warranty period, I had 2 occasions to use the policy. Both times, I had the Mercedes dealer do the repairs, MAF sensor (+$500) and A/C work (+$400). Each time, the dealer worked with the insurer, and I ended paying nothing!

 

Now, for you.... it is an insurance policy, so YOU have to decide if it is worth the risk. As Steve pointed out, get a PPI which should indicate the need for the policy. Figure the policy cost and duration, and rationalize what that would get you over the life of the policy.