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jrleff
01-11-2011, 11:49 AM
Just ordered my new 2011 535iXDrive...am considering purchasing an extended warranty.
Any suggestions, advice, or direction would be appreciated.:)

vandyjmf05
01-11-2011, 12:06 PM
Just ordered my new 2011 535iXDrive...am considering purchasing an extended warranty.
Any suggestions, advice, or direction would be appreciated.:)

1. These warranties are very negotiable with the dealer
2. These warranties are usually a losing bet
3. Most popular seems to be tire and wheel insurance, but probably only makes sense in highly urban areas where road conditions are poor (potholes, etc.) and RFTs often go flat. Since I live in one of these urban areas (NYC), I negotiated this from $1200 to $1000 for a 3-yr policy aligned with my 3-yr lease. The policy is owned by BMW rather than a third party, which greatly diminishes default risk (BMW isn't going under). This is the only extended warranty product I considered (after much reading on this site) and ultimately purchased.

If I were in your shoes, I would roll the dice and decline all extended warranties. If you really want the peace of mind afforded by such policies, I would discuss them one-by-one with your CA and negotiate percentage discounts similar to the one I and others on this site secured for tire and wheel insurance.

tim-atl
01-11-2011, 01:04 PM
Wait till your original warranty is close to expiring before you buy.

Mohawk
01-11-2011, 01:06 PM
I had a fully loaded 2006 320d MSport, and extended my warranty. If I hadn't extended my warranty, then the repair costs in 2009 would have cost me over 5,000. Have a think about it, there's a lot that can go wrong with these cars.

Mohawk
01-11-2011, 01:08 PM
Yea either negotiate for it if you have a good relationship with the dealer, or extend it when the original one is about to expire.

grover432
01-11-2011, 08:18 PM
If you are leasing in North America and plan to buy the car out, do a 3 or 4 year lease and then buy it out at lease end with a CPO - 2 years of BMW warranty (to a maximum of 6 years , 100,000 miles).