Extended Warranty Purchase - or No?
OK - lots of good info on this forum with respect to this topic. Lots of emotion as well. Kind of funny actually. But regardless, clearly people have opinions going both ways in regards to warranties. To each is own.
With that being said, I typically have always preferred to be covered by a warranty - it does establish a "peace of mind" for me. Tomorrow I am picking up a 2007 750i Sport with almost 59k on the odometer. I have called Carchex and spoken to a rep on the phone who was well versed on this topic - especially the BMW 7-series.
He offered two types of warranties.
Option 1.) Platinum warranty which was what he called "Bumper to Bumper" coverage for 4yrs or up to 100k on the odometer. This was in the $3700 +/- range if I recall correctly.
Option 2.) Powertrain Choice Coverage - this is what it states basically. Covers powertrain, AC & heating, Cooling, fuel, electrical and switches. This would be 5yrs and an additional 100k -- so up to approx 159k. This was in the $2,900 range.
Now between the two - me personally I think I would lean towards the 2nd option as I'll get a LOT more mileage out of it and an additional year.
Now I'm unbiased here - so I'm looking for some people's inputs as to value percieved. Typically WHAT goes wrong on these cars? I've heard about these coolant pipe issues - but is that more towards 02-05 745's? Or does that continue into the 750's as well?
Any and all info is appreciated.
Thanks in advance.....