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w5lx
09-17-2011, 11:29 AM
Stopped by my BMW dealer yesterday to get quotes on extended warranties on my 2008 528i that will be going out of warranty soon. I really like the car so I want to keep it a couple extra years and I don't like the idea of having the car out of warranty. There are 2 kinds of warranties available. An Extended Maintenance warranty that covers oil changes, A and B service procedures, brakes, etc. That runs $2095 for a 2 year extension. Then there is an Extended Mechanical warranty that covers everything else except nav system, radio, battery, and tires. That runs $2640 for 3 years/70,000 miles with a $50 deductible for each visit. My car just has over 20,000 miles on it so he recommended getting only the Extended Mechanical warranty that will cover any mechanical problems that might crop up. So, how do these prices compare with what you have encountered? It sounds like the Mechanical warranty might be a good idea at less than $900/year with a $50 deductible. I asked him if these prices were negotiable and he said I wouldn't find a better deal anywhere. Any opinions?

bkun
09-17-2011, 11:45 AM
Mechanical coverage is a good idea. Make sure you read the fine print. Is this from a third party or bMW warranty.

w5lx
09-17-2011, 12:07 PM
Is this from a third party or bMW warranty.

Not sure. Just gave the person a call but apparently doesn't work on the weekends. I left a message asking that question. I'll let you know when I hear from him.

The last warranty I bought there was for my run-flats/wheels and it was an Easy-Care policy.

w5lx
09-19-2011, 03:21 PM
Mechanical coverage is a good idea. Make sure you read the fine print. Is this from a third party or bMW warranty.

The insurance guy from the BMW dealer called back this morning. This is a BMW Extended Warranty, not an after-market warranty. It sounds good to me at $2640 for 3 years/70,000 miles.

nam11b
09-19-2011, 07:56 PM
I would do it for $900 a year, but pass on the extended maintenance. Most repair bills will be several hundred dollars minimum and could easily go into the thousands depending on what breaks. Smart call though keeping your car!

Nube1kenobi
09-19-2011, 09:21 PM
The insurance guy from the BMW dealer called back this morning. This is a BMW Extended Warranty, not an after-market warranty. It sounds good to me at $2640 for 3 years/70,000 miles.

Is this the Gold or Powertrain warranty? Sounds low...

HokieXDriver
09-19-2011, 09:50 PM
Be aware that most repairs on cars (any cars) tend to be mileage related rather than time related. There is a mileage-per-year break-even point where if you drive less than that, you're very unlikely to have breakdowns. If you have a 2005 with only 20,000 miles, I would venture to say you don't need an extended warranty.

Mike Miller, the tech advisor for BMW Car Club of America, has stressed this mileage-versus-time issue in several recent columns in Roundel magazine.

But this is insurance, and part of the value of insurance is peace of mind - your call whether it's worth it to you.

Edit: Your "Mein Auto" ("Deine Auto"?) section says 2008 528i, so I assume 2005 in your post was a typo. But even then, 4 years with only 20,000 miles? You are a very low mileage driver.

w5lx
09-20-2011, 06:25 AM
Is this the Gold or Powertrain warranty? Sounds low...

It would be the Gold because it is not a powertrain only warranty. As mentioned in the OP it is the Extended Mechanical warranty that covers everything else except nav system, radio, battery, and tires. The cost quoted is a $500 discount from the MSRP price of $3140.

w5lx
09-20-2011, 06:27 AM
Edit: Your "Mein Auto" ("Deine Auto"?) section says 2008 528i, so I assume 2005 in your post was a typo. But even then, 4 years with only 20,000 miles? You are a very low mileage driver.

Good catch! Thanks. It is a 2008 528i.

Phoenix1
09-20-2011, 06:38 AM
Any opinions?[/QUOTE]

I've been looking into this for a while since my new car warranty expires 2/12. I'm getting a Route 66 extended warranty through my credit union. Covers whole car, $0 deductible, additonal 5 years up to 100K miles - for $2400. Since I put ~12K on per year, it will take me to 2/17! Equivalent BMW warranty was over $4K and I got 3rd party quotes for up to $7K!:tsk:

IMHO there are issues with ANY extended warranty (BMW or 3rd party), but I've had Email (documented) discussions with Route 66 about service rates, OEM parts, etc. and am comfortable this is the right decsion - for me. Route 66 only goes through credit unions, so I joined a local one.

Good luck with whatever you do.

bkun
09-20-2011, 11:44 AM
I will also be extending my warranty in June. Most probably will purchase the one offered by Rte 66.

w5lx
09-20-2011, 12:19 PM
Do some research before you sign up for the Rte 66 after-market warranty. Just do a google search......lots of stuff turns up, like this:

http://www.e90post.com/forums/showthread.php?t=409385

dangeroustacos
09-20-2011, 02:12 PM
My mom bought it on her 2006 325i and wished she hadn't. Later traded the car in. I was suckered into an aftermarket warranty on my 550i, which I've thankfully never had to try to use. I won't buy one again. Money would be better put towards mods or future repairs in my opinion.