Extended Warranty/Yes/No/Cost?

I'm starting to think about whether I keep my d beyond the factory warranty. For those that are, have you given any thought to an extended warranty? I know it's a crap shoot and some say no way, just put aside $100/month and take your chances. I did get some quotes a while back froma couple dealers and as I recall, a BMW backed plan for up to 100k miles was going to cost upwards of $3500 for one that covers everything including the electronics (NAV, etc.). What have other found and has anyone purchased one at a fair price and where? Thanks.

I priced it out a year or so ago and to get the 100k warranty and maintenance was shy of $5k at that time, I think maybe $4.7k but I am sure pricing is different today. I was not looking at the warranty that covers things like the NAV because I do not have that but if I did I'd probably still not get that one. Due to a recent turn of events(found out wholesale market offers crap for these cars) I am going to keep mine until either a) costs too much to maintain or b) we have to relocate overseas. So with that being the case I am going to buy at least the extended warranty shortly before my factory one is up. I probably will do the maintenance one as well just for the convenience factor.

I plan on keeping my car well past the original warranty of 4yrs/50k, so am considering extending both warranty and maint.

I just sent my S/A an email to give me a quote. These guys at BMW are really bad at responding to emails for some reason. They always want to get you to drive in to the dealer to talk.

I think a total of 6 years/100k would fit my needs nicely if not priced rediculously high. We all know this is just like insurance, which generally means you pay for something you most likely will never use, except piece of mind.

But when you do get nailed with that odd failure, like a Tranny, or other major loss like one of the many control boards, it would be worthwhile having.

Looks like we are somewhere between $3500 and $4700 for the extended warranty and maintenance?

Originally Posted by Flyingman

Looks like we are somewhere between $3500 and $4700 for the extended warranty and maintenance?

When I got that quote it was significantly less than all the other places I tried. My local dealer was actually the worse in regards to cost. I think they were $2-4k more for the exact same warranty. Cost greatly will depend on what warranty you feel you should get and then how much the place you buy it from decides to profit off of it. Just remember you do not have to buy the warranty from the dealer you use, can be from any dealer in the country. One of my friends thought they had to get it from their dealer and ended up paying a very large premium going with that thought process.

Here are the numbers I got but they are old and I am sure have changed:

The extended maintenance plan for a 335d is $2,245. For Gold (6/100) it is $2,690. If you buy both, you can deduct a further $50 each for a total of $100 further discount).

I got that from a Bimmerfest sponsor and if you'd like his contact information then send me a PM and I will dig it up when I am on my home computer.

I have seen people on here say you can get even better deals on extended warranties not specifically offered by the BMW dealerships. I personally never have looked into it enough to comment on those but could easily see it as a way to save some money and perhaps even get a longer warranty.

I went with the BMW backed plan. Was able to get the 7 year 100K Platinum package ($3500) for the 7 year 70k price (about $3100) when I purchased at the same time as the car. And as RMORIN already hinted at, this covers all the electronics. I am more concerned with the electronics that the mechanicals. BMW has the mechanical part down very well, not so sure with all the fancy electronics. It was explained this covers the same as the original factory warranty. It was also explained that a CPO warranty only covers the drivetrain, not any of the the electronics.

Did not spring for extended maintenace as I can do that all myself anyway.

Only reason I am going to get the extended maintenance is because of getting the extended warranty. I just figure more likelihood of the car already being there for one thing so getting the other. I even treat the factory stuff that way currently, had a bad blinker since May and getting it addressed next month when the next oil change is supposed to happen. I suppose I'd get the bigger warranty if it was only marginally more, I just dismissed it since my car lacks a lot of the electronic options and as I recall even the lower packages cover some electronics. The warrantees seem to always be change too, what I could have got when I bought my car was very different than what I could have bought a year ago when I looked into these. So could only imagine what it is like when I actually am going to buy one.

Originally Posted by Snipe656

The warrantees seem to always be change too, what I could have got when I bought my car was very different than what I could have bought a year ago when I looked into these. So could only imagine what it is like when I actually am going to buy one.

Exactly, It was hinted to me these never go down in price, only up. Thus the reason I purchased early when I got the car, plus it was rolled into the car loan anyway. It was also explained I could change my mind later and get the $$ back on the warranty as long as I made the decision before it became effective (when factory warr expired).

Originally Posted by KeithS

Exactly, It was hinted to me these never go down in price, only up. Thus the reason I purchased early when I got the car, plus it was rolled into the car loan anyway. It was also explained I could change my mind later and get the $$ back on the warranty as long as I made the decision before it became effective (when factory warr expired).

No, what I meant is the warrantees themselves change. What BMW offered when I bought my car was not at all structured like what they offered a year ago when I looked. They completely changed the levels and what those levels covered.

The cost changing with time is a completely different factor and I think something to expect in general about such things.

The best quote I have received so far on a Platinum 7 yr/100K mile plan is $3350. Based on my annual mileage a 6 yr/100k mile plan will work best as I am putting about 18K miles/yr on my car. I have asked for a revised quote for this plan and will post the price when I get it. I plan to see if my local dealer will match it like they did on my Z4.

I requested from fest sponsor and I got

For your car you can extend up to 6 years (an extra 2) or up to 100K or 7 years (an extra 3) or up to 100K. For the 6 year / 100K it is $2,490 for the Gold and $2,830 for the Platinum. For the 7 year / 100K it is $2,940 for the Gold and $3,350 for the Platinum.

I still have 2.5yrs/18k left on factory warranty. Based on my miles I think I will go for 6yr. I will go for Platinum coz not much of difference and I have lot of electronics in my car. I will buy something at 40k mile mark.
Does any one know what happens when you don't use warranty at all? Do they refund something?

The extended warranty and extended free maintenance does not make sense to me. Could someone explain from financial point of view please. Don't get me wrong I am happy with the car but I don't see the point of paying $6-7K for both of these and drive a 7 year old car. I can trade in or sell it before warranty runs out and use that 6-7 thousand towards a new F30 3er that comes with 4 year warranty and maintenance plan.

Originally Posted by bimmerdiesel

I requested from fest sponsor and I got



I still have 2.5yrs/18k left on factory warranty. Based on my miles I think I will go for 6yr. I will go for Platinum coz not much of difference and I have lot of electronics in my car. I will buy something at 40k mile mark.
Does any one know what happens when you don't use warranty at all? Do they refund something?

Once the extended warranty turns on (after the factory warraty expires) you cannot get any refunds. There are also no refunds if in effect but you never use it. It's like asking your car insurance company for the cost of your policy back becasue you did not have any accidents. That's exactly what the extended warranty is, an insurance policy.

Originally Posted by stoked335d

The extended warranty and extended free maintenance does not make sense to me. Could someone explain from financial point of view please. Don't get me wrong I am happy with the car but I don't see the point of paying $6-7K for both of these and drive a 7 year old car. I can trade in or sell it before warranty runs out and use that 6-7 thousand towards a new F30 3er that comes with 4 year warranty and maintenance plan.

If you are not one to keep your car a long time then the extended warranty is not for you. But 6-7 thousand does not go very far percentage wise to the cost of a new BMW. It's nothing more than an insurance policy guarding against very expensive repairs. On AVERAGE the cost of keeping your car in repair will be less than the cost of the policy. But a small percentage of vehicles will experience some VERY expensive repairs such as a major engine, trans issue or even problems with the electronics. If you blow a Nav system it will likely cost more than the warranty policy to fix it.

Quoted recently from Pacific BMW

Gold
5/100K $2,030
6/100K $2,490
7/100K $2,940

Platinum
5/100K $2,300
6/100K $2,830
7/100K $3,350

Originally Posted by KeithS

If you are not one to keep your car a long time then the extended warranty is not for you. But 6-7 thousand does not go very far percentage wise to the cost of a new BMW. It's nothing more than an insurance policy guarding against very expensive repairs. On AVERAGE the cost of keeping your car in repair will be less than the cost of the policy. But a small percentage of vehicles will experience some VERY expensive repairs such as a major engine, trans issue or even problems with the electronics. If you blow a Nav system it will likely cost more than the warranty policy to fix it.

This is my thought process as well. I drive way too much to justify buying a new car every few years simply to have something new. I'd end up ultimately spending a lot more money going that direction. Now if I drove closer to normal levels then I'd probably look at things differently. As it stands though I really should not even buy new cars due to the amount of miles we drive.

Originally Posted by KeithS

Once the extended warranty turns on (after the factory warraty expires) you cannot get any refunds. There are also no refunds if in effect but you never use it. It's like asking your car insurance company for the cost of your policy back becasue you did not have any accidents. That's exactly what the extended warranty is, an insurance policy.

Thanks Keith. I see your point. I guess it makes sense for those drive 20K plus miles a year. We don't drive to work so car will have low mileage and higher than normal resale value after 4 years. When we bought it there was no diesel incentives on leases, only on purchases for $4500.

Originally Posted by stoked335d

Thanks Keith. I see your point. I guess it makes sense for those drive 20K plus miles a year. We don't drive to work so car will have low mileage and higher than normal resale value after 4 years. When we bought it there was no diesel incentives on leases, only on purchases for $4500.

I am leaning toward trading at the 3 year point and if BMW isn't offering any diesels, I will likely buy a Mercedes E350 BlueTech. My choice would be a BMW 530d or 535D but I am not very optimstic. If Audi puts a diesel in the A6 I will also consider this option.

Current quote from my S/A here in South Florida


The maintenance plan for 2 years or 50,000 for miles is $2495.00 + tax and would extend your coverage till 11/30/2015 The mechanical policy is $3900.00 + tax for 3 years or 50,000 miles 11/30/2016 or $3380 + tax for 2 years or 50,000 miles.


This would be $5,875 + Tax for the additional 2 years/50k miles. Or some $250/month for 24 months.

Worth it? I'm liking the idea of trading in and doing the lease, just might make better sense.

Still need to do a side by side cost comparison of owning for 5-6 years vs leasing over that same period.

Originally Posted by Flyingman

Current quote from my S/A here in South Florida


The maintenance plan for 2 years or 50,000 for miles is $2495.00 + tax and would extend your coverage till 11/30/2015 The mechanical policy is $3900.00 + tax for 3 years or 50,000 miles 11/30/2016 or $3380 + tax for 2 years or 50,000 miles.


This would be $5,875 + Tax for the additional 2 years/50k miles. Or some $250/month for 24 months.

Worth it? I'm liking the idea of trading in and doing the lease, just might make better sense.

Still need to do a side by side cost comparison of owning for 5-6 years vs leasing over that same period.

Sounds to me that you drive a lot for a lease to be an option for you.

Did your SA not tell you which warranty he/she was quoting? I guess regardless of which one they told you, it is almost $600 higher than cmmns got quoted.

just to update with current pricing just picked up the gold 6/100 ext warranty for 2340.00 so much for the price never going down.

did you take it up from local dealer or site sponsor?

Garlyn Shelton BMW in college station