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E90/E91/E92/E93 (2006 - 2013)
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Old 06-23-2005, 05:59 PM
Big Foot Big Foot is offline
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Location: Barrie Canada Remember Live Aid
 
Join Date: Jun 2005
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Mein Auto: 330i
Extended Warenty

In response to a previous thread, I asked my dealer about purchasing a Extended Warranty just before the new car warranty expires.
He replied it would cost approx. $1,500.00 CDN more in today's prices then to purchase the same coverage at time of delivery.
I am going to get the Ultimate from Coverage One Corporation with $200.00 Deductable.
This is all inclusive with specified exclusions and is for 7 years/140,000 Km
The exclusions are mainly maintaince items such as brakes, trim etc.
The only electronic item excluded that I can see is the Nav System.
I think with BMW, especially a new model, the service rates are too high, $90.00/Hr, and the chances of having electrical/computer breakdowns are high.
This coverage is $2,627.00 CDN from the BMW dealer.
They told me BMW does not offer an extended warranty with their new cars, only the Certified Series with certain used cars.
I am planning on keeping the car for approx 6-7 years.
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Old 06-24-2005, 06:35 AM
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ic ic is offline
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Location: Toronto, Canada
 
Join Date: Apr 2005
Posts: 507
Mein Auto: 06 325i SP
Thx for the info. It means $2627 with $200 deductible is for a coverage of extra 3 yrs/60k km.

And here is for your info...

Let assume you've 5 problems during the last 3yrs and each one cost over $200. It means you're paying $3627 ($2627 + 5*$200) in total. A average of $725.4 ($3627/5) per problem fixing.

For 10 problems, you'll pay $5627 in total and a average of $562.7 per problem fixing.
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