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7 Series - F01 / F02 (2009 - current)
The new re-designed 7 series F01 / F02 leads off the BMW Fxx chassis code!

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  #1  
Old 03-06-2013, 01:00 PM
sbelbot sbelbot is offline
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Mein Auto: 2012 750LI
Options for Extended Warranty

Just bought a 2012 750 LI with 5,000 miles. Love the car! Almost overwhelming with all of the features, but I'm sure I'll figure it out quickly. Got an amazing deal on the car!

Anyway, I'm considering adding an extended warranty. I was hoping to get the warranty from my credit union (Pentagon Federal), but they do not offer extended warranties for the 7 series. I'm planning to go to my local dealer and ask him to quote a platinum, 72 month, 100K warranty. I also plan to look at 3rd party vendors (I've heard COSTCO auto warranties are good and aggressively priced). Any thoughts?

Thanks.
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  #2  
Old 03-06-2013, 02:25 PM
singal3 singal3 is offline
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Mein Auto: 2011 750Lxi
I haven't shopped around but this person was recommended on another website:

Steve Thomas BMW

On Bimmerfest I came across these:

jandrews@schaefferbmw.com

danieldutton@pacificbmw.com

Last edited by singal3; 03-06-2013 at 02:34 PM.
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  #3  
Old 03-06-2013, 03:58 PM
gassy gassy is offline
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Forget the BMW dealer extended warranty unless you're buying it at the time you buy your car in which case you MAY get a decent deal. They are all big fat profit extras for the dealer. I have had great luck with Mercury Insurance. They have paid every claim directly to the dealer where the work was performed (on my 2004 745- so far, 2011 750 hasn't required any repair work, knock on wood). I bought my Mercury policy through Auto-POM (http://extended-vehicle-warranty.com/) and they were excellent in terms of selling the policy, but the policy is administered through Mercury.
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  #4  
Old 03-06-2013, 06:59 PM
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ChrisF01 ChrisF01 is offline
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I have GEICO, and I add mechanical breakdown insurance to each car. AFAIK it's 7yr/100k miles, $250 deductible. Last I remember it's cheaper than buying an extended warranty.
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  #5  
Old 03-06-2013, 10:13 PM
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csmeance csmeance is offline
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Quote:
Originally Posted by ChrisF02 View Post
I have GEICO, and I add mechanical breakdown insurance to each car. AFAIK it's 7yr/100k miles, $250 deductible. Last I remember it's cheaper than buying an extended warranty.
The problem with that is gieco won't cover programming, failed modules, etc. It only covers the BASIC power train (IE pistons, cams, transmission, etc).

Fidelity Warranty Services is an amazing company. They have paid out over 40K in repairs on my 760 TO DATE. I paid 10K for it (only company that would honor the 760) and they've paid out 4x what it cost and I still have it for a long time!

I've also heard good things about Mercury Warranty Services as well!

BTW, make sure you get the top of the line EXCLUSION policy which states what it WON"T cover rather than what does cover.
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  #6  
Old 03-07-2013, 12:11 AM
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ChrisF01 ChrisF01 is offline
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Quote:
Originally Posted by csmeance View Post
The problem with that is gieco won't cover programming, failed modules, etc. It only covers the BASIC power train (IE pistons, cams, transmission, etc).

Fidelity Warranty Services is an amazing company. They have paid out over 40K in repairs on my 760 TO DATE. I paid 10K for it (only company that would honor the 760) and they've paid out 4x what it cost and I still have it for a long time!

I've also heard good things about Mercury Warranty Services as well!

BTW, make sure you get the top of the line EXCLUSION policy which states what it WON"T cover rather than what does cover.
You paid 10k yikes! I see its been worth its price but that's quite a pricey warranty. How did you pay? All upfront, or was it included in the price of the car? Deductible?

That's got to be a fantastic car, a normal 7 series reliability doesn't scare me too much, a V12 would keep me up at night being afraid to drive it
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  #7  
Old 03-07-2013, 01:07 AM
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Rick in Yuma Rick in Yuma is offline
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Keep looking till you get close to the 45k mark in mileage. Warranties usually start the time clock,at the contract purchase date. I bought mine through a Penske BMW. Dealer. They are United Auto Group. Extended the CPO to 5 yr 100k. they have different levels of coverage... $3500 for it. They have paid out 26k in bills to date. And will cover claims outside dealer if they feel bill is in line..
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  #8  
Old 03-09-2013, 01:31 AM
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Ace535i Ace535i is online now
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Quote:
Originally Posted by Rick in Yuma View Post
Keep looking till you get close to the 45k mark in mileage. Warranties usually start the time clock,at the contract purchase date. I bought mine through a Penske BMW. Dealer. They are United Auto Group. Extended the CPO to 5 yr 100k. they have different levels of coverage... $3500 for it. They have paid out 26k in bills to date. And will cover claims outside dealer if they feel bill is in line..
What car do you have, and went wrong for 26K in repairs?
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  #9  
Old 04-04-2013, 05:12 AM
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Rick in Yuma Rick in Yuma is offline
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What car do you have, and went wrong for 26K in repairs?
2005 760li. Dealer had the car for a month while a new transmission was received from Germany. They replaced every from engine to the rear diff. ($16k) then front end issues ($2800). A/C, rear shock towers, alternator, and other minor crap. Went to the rest.
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  #10  
Old 04-04-2013, 09:05 AM
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Ace535i Ace535i is online now
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Quote:
Originally Posted by Rick in Yuma View Post
2005 760li. Dealer had the car for a month while a new transmission was received from Germany. They replaced every from engine to the rear diff. ($16k) then front end issues ($2800). A/C, rear shock towers, alternator, and other minor crap. Went to the rest.
Why did you decide on the repair than a new car.....did you extended warranty cover everything?
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  #11  
Old 04-04-2013, 11:34 AM
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Rick in Yuma Rick in Yuma is offline
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Originally Posted by Ace535i View Post
Why did you decide on the repair than a new car.....did you extended warranty cover everything?
Yep.. Covered it all. Still have warranty till Oct of 2014. If I don't hit 100k miles before.
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  #12  
Old 11-10-2013, 07:32 PM
midwestbmwguy midwestbmwguy is offline
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Mein Auto: 2011 BMW 750LI Xdrive
Buying a 2011 750LI Xdrive with 21,500 miles

When is the right time to buy an extended warranty. Woud it be now since the miles are low. The car is under the original warranty until September 2014. I would like to take it out for 5 or 6 years and up to 80,000 miles.

What companies are the best ones to consider.
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  #13  
Old 11-10-2013, 09:05 PM
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wjhughes420384 wjhughes420384 is offline
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I bought Continental. it was around $3700 and it covered the car til 150,000. however, they only pay for used parts(they warrant them for 150k miles also). so if something goes wrong and you want a new bmw part, you pay the difference. They have paid out quite a bit more than the policy cost me, but so have I. both my turbos went, I was not willing to put used turbos in, so I coughed up the difference. it works out that if I want new parts I have to pay about 30-40% of the cost.
It is going to be interesting to see if the extra mileage will be worth the extra cost.

I would like to let them use some used parts, I doubt a used turbo would last long, and they would end up replacing them several times
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  #14  
Old 11-10-2013, 09:06 PM
MrLXI2010 MrLXI2010 is online now
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When is the right time to buy an extended warranty. Rule of thumb for this would be at least a month before the warranty runs out or at 45-49k whichever comes first. I have mercury and they never question anything as long as the dealer does the request and I also have another one that I cannot remember at the moment that the dealer sold me with my 7.
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  #15  
Old 11-10-2013, 09:15 PM
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wjhughes420384 wjhughes420384 is offline
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be careful some of the warranties require that you buy it before the 50k point. mine required you purchase before 45k
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  #16  
Old 11-11-2013, 10:44 AM
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csmeance csmeance is offline
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Quote:
Originally Posted by ChrisF01 View Post
You paid 10k yikes! I see its been worth its price but that's quite a pricey warranty. How did you pay? All upfront, or was it included in the price of the car? Deductible?

That's got to be a fantastic car, a normal 7 series reliability doesn't scare me too much, a V12 would keep me up at night being afraid to drive it
Yeah it's paid all upfront and I got it when the factory warranty was in place. A majority of the repairs was labor from parts still used on the F01/02. My trans was replaced at 70K (same one used in the F01/02, 6spd models), numerous coolant leaks tallying over 15K alone in repairs that are the same as on the V8 models and a whole host of other simple things like the auto trunk.

Quote:
Originally Posted by wjhughes420384 View Post
be careful some of the warranties require that you buy it before the 50k point. mine required you purchase before 45k
Yes, as well some require you to buy them while the car is under factory warranty with at least 1 month left.
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  #17  
Old 11-11-2013, 11:45 AM
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Ace535i Ace535i is online now
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Quote:
Originally Posted by csmeance View Post
Yeah it's paid all upfront and I got it when the factory warranty was in place. A majority of the repairs was labor from parts still used on the F01/02. My trans was replaced at 70K (same one used in the F01/02, 6spd models), numerous coolant leaks tallying over 15K alone in repairs that are the same as on the V8 models and a whole host of other simple things like the auto trunk.



Yes, as well some require you to buy them while the car is under factory warranty with at least 1 month left.
From a Honda Accord to a BMW 760......you've covered the spectrum!

Last edited by Ace535i; 11-11-2013 at 11:47 AM.
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  #18  
Old 11-11-2013, 02:27 PM
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csmeance csmeance is offline
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Originally Posted by Ace535i View Post
From a Honda Accord to a BMW 760......you've covered the spectrum!
This way you have the right car for the right need Plus with 3 of 4 cars with routine maintenance I expect them to last a least another decade.
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  #19  
Old 11-11-2013, 05:14 PM
DLF750 DLF750 is offline
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Waiting for my quote from Mercury
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  #20  
Old 11-11-2013, 05:39 PM
Leftlane11 Leftlane11 is offline
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I requested a quote from Mercury - it was way high, like $6k or something close. A lot higher than I was expecting, that's for sure.

I bought an Allstate Premier exclusionary warranty from the Mercedes dealership when I bought my car for $3600 for 5 years and a total of 100k miles. I checked to make sure my BMW dealership would accept them and they said no problem. It was way less than the BMW extended warranty too.
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  #21  
Old 11-11-2013, 06:46 PM
DLF750 DLF750 is offline
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BMW extended is $6k for a 7.
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  #22  
Old 11-12-2013, 08:36 AM
midwestbmwguy midwestbmwguy is offline
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What is the value of the BMW CPO wrap for one extra year? What doe it cost the dealer to provide it? The dealer has told me about 3,000.00 seems high for adding one addtional year.
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  #23  
Old 11-12-2013, 09:53 AM
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It really is sad and troubling the cost of a EW they want for these cars...
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Old 11-12-2013, 11:05 AM
DLF750 DLF750 is offline
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Just got a quote from mercury. About $3800 for full platinum coverage for 75k miles and it expires 11/11/18 with $100 deductible. I assume it expires when my car hits 75k miles. Which for me would be in about 2 years. If I got up to 100k miles it's around $5600.
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Old 11-12-2013, 11:07 AM
DLF750 DLF750 is offline
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Actually for me it's $4992 for 100k miles and 4 years. I drive about 22k miles a year.
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