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X5 E70 (2007 - 2013)
E70 BMW X5 produced between 2007 and 2013. Discuss the E70 X5 with other BMW owners here.

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  #1  
Old 10-14-2010, 10:01 PM
Zuma man Zuma man is offline
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Exclamation Bmw extended warranty

What is the best price any of you have paid for the 6 yr 100,000 mile BMW extended factory warranty. I'm not referring to the extended maintenance plan. I don't think the maintenance plan is worth the money. However, the BMW factory warranty might make sense if one suffers from a major mechanical failure after the initial 50,000 mile warranty expires.

Zuma Man
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  #2  
Old 10-15-2010, 08:28 AM
tepsic66 tepsic66 is offline
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Good question. I've been thinking about the same, as I'm taking delivery in a couple weeks. I don't think the maintenance is worth it either as I don't expect to spend almost $2,000 in maintenance over 2 years...but I'd like to get other's feedback. Same for warranty, is it worth it for 2 more years? Realistically, I won't reach 100,000 in 6 years (nowhere close), so I'd really be buying 2 more years. Tough call.
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  #3  
Old 10-15-2010, 11:23 AM
Witib Witib is offline
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Wouldn't you want to buy the extended warranty closer to the 4 years, 50000 miles and not during car pickup? It is nonrefundable and if the car is totalled, money is lost.
There will be plenty of opportunity to buy additional coverage later, either through BMW or a third party.
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  #4  
Old 10-15-2010, 11:47 AM
two-five boy two-five boy is offline
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I was quoted $4k for the GOLD warranty plan during pickup. I agree it makes no sense to buy it now when the opportunity will still be there 4 yrs from now. I drive <6K a yr so I might not even buy the warranty in 4 yrs as I should have <25k on the car.
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2013 X1 28i Sport - AW/Coral Red/Ultimate/Cold/Lighting (Delivered on 12/8/12)
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2005 X3 3.0 (GONE)
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  #5  
Old 10-15-2010, 11:47 AM
tepsic66 tepsic66 is offline
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Quote:
Originally Posted by Witib View Post
Wouldn't you want to buy the extended warranty closer to the 4 years, 50000 miles and not during car pickup? It is nonrefundable and if the car is totalled, money is lost.
There will be plenty of opportunity to buy additional coverage later, either through BMW or a third party.
That makes sense. Would the extended warranty rates be significantly higher after 4 years? Is having an extended warranty even a good practice? I have never purchased one.
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  #6  
Old 10-15-2010, 12:13 PM
Witib Witib is offline
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Yes, price will likely go up. The question is wheher it will go up more than inflation or if you invest it, more than what you can earn in investment income.
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  #7  
Old 10-15-2010, 12:29 PM
pointg22 pointg22 is offline
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Gmpp

GMPP has the best warranties IMO. I did a lot of research and I think they are what I am going to do. You can get them to extend any amount of time, different mileages, and with different deductible amounts. FYI, 07 4.8i (no nav), to extend 36 months and 54,000 miles, with $200 deductible is $2650.
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1997 M3 = Fun, too many stang and Camaro's wanted to race
2000 323ci = had it for 7 years, loved it
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  #8  
Old 10-15-2010, 12:32 PM
two-five boy two-five boy is offline
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^^ Do you have a website to direct us to?
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  #9  
Old 10-15-2010, 01:33 PM
pointg22 pointg22 is offline
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Warranty

Unfortunatley I do not. The dealer is the one that turned on to me. I will look for a website.
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1986 325E = Best car I ever owned
1996 318i = dog, hated it
1997 M3 = Fun, too many stang and Camaro's wanted to race
2000 323ci = had it for 7 years, loved it
2006 325i = nonsport, had to go!
2007 X3 = Wife's, great car for her thus far
2007 335i = Awesome, but baby came
2007 X5 4.8i = The family wagon! BEAST!
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  #10  
Old 10-15-2010, 01:49 PM
diesaroo diesaroo is offline
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Your dealer doesn't also sell Chevys do they? The reason being is I googled GMPP and it appears it stands for General Motors Protection Plan with apparently only GM vehicles being covered.

Maybe your dealer can make it work if they have GM connections..
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  #11  
Old 10-15-2010, 03:08 PM
pointg22 pointg22 is offline
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?

Not sure how it works. Sweeney BMW also has sister companies like Sweeney Chev, Subaru, etc. Maybe that is how they are doing it. I met with the finance guy, who instructed me to wait until it is about to go out of warranty in case somethign happen to the car between now and then. Makes sense now that you said that. The paperwork is in my X%, and it is in the shop getting new O2 sensors. Will know more when I get it back.
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1986 325E = Best car I ever owned
1996 318i = dog, hated it
1997 M3 = Fun, too many stang and Camaro's wanted to race
2000 323ci = had it for 7 years, loved it
2006 325i = nonsport, had to go!
2007 X3 = Wife's, great car for her thus far
2007 335i = Awesome, but baby came
2007 X5 4.8i = The family wagon! BEAST!
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  #12  
Old 10-15-2010, 06:10 PM
ard ard is offline
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1. The extended warranty should be cancellable. Read the contract. They usually are up until they kick in, then prorated afterwards.

2. The "price" is negotiable. Hence thinking 'if I buy now it hedges against increases' is only valid if you are convinced the price the dealer is offering today is the VERY BEST DEAL YOU CAN GET IN THE NEXT FOUR YEARS.

3. Third party warranties like the GMPP or other 'dealer backed' warranties can be a MAJOR DISASTER. They are often weakly backed 'risk retention groups' which can go belly up and leave claimants holding nothing. In a best case they often have poorly worded contracts that contain language that allows them to escape claims. Most buyers never read the contract. I would bet $1000 that the person posting about GMPP has never read the contract, just a brochure describing the coverage...which sounds good.

4. Contracts are limited based on your State. Here in CA you are VERY limited. CA requires companies maintain certain financial reserves and many of the "insurers" cannot meet those requirements. Good and Bad. Good that we cannot get scammed, bad that the only companies that offer coverage are big, well funded and expensive.

5. Shop around and compare- you cannot really compare one company to another, since the contract language can alter the value.

6. Remember the BMW plan must be bought by 45 months or 45,000 miles
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  #13  
Old 10-17-2010, 06:49 AM
Fargin Fargin is offline
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Do not get any warranty from anywhere but the BMW dealer with $50 deductible. I got quoted $2600 for 5 years 100k the gold package. The other thing is to but money in the bank now for a rainy day. If you put $2600 in the bank with 5% yield and keep it there for 4 years you might have enough to buy a new engine if you have to. Simple answer for me I am not getting the warranty.
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  #14  
Old 10-17-2010, 09:03 AM
Witib Witib is offline
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If you can find a place for me to put money and earn a guarantee 5% for 4 years, let me know!
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  #15  
Old 10-18-2010, 05:04 AM
ihumphrey ihumphrey is offline
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Quote:
Originally Posted by Witib View Post
If you can find a place for me to put money and earn a guarantee 5% for 4 years, let me know!
LOL, so true, very lucky to get 1.5%, he must be living in 1985
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  #16  
Old 10-19-2010, 05:35 PM
Fargin Fargin is offline
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True but still $2600 is a lot of repairs that will have to happen to your car for it to pay for it self. So you might wanna do some research on what are the most common repairs between 50k and 100k miles, and add up what that would cost to fix. If it's more than $2600 let me know and I will get my warranty tomorrow.
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  #17  
Old 10-19-2010, 08:38 PM
ard ard is offline
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Quote:
Originally Posted by Fargin View Post
True but still $2600 is a lot of repairs that will have to happen to your car for it to pay for it self. So you might wanna do some research on what are the most common repairs between 50k and 100k miles, and add up what that would cost to fix. If it's more than $2600 let me know and I will get my warranty tomorrow.

ABS Modulator/Pump:

Hydro unit DXC 1 09/2009 34516785269 $2,643.70

Not including any labor, and that is a discounted price.

Lets see, what else?

AC Compressor
Anything related to the transmission
HPFP

Then there is the minor stuff- window regulator, sunroof something....

Anyway, if you are a DIYer, I'd prolly skip a warranty.... but if you aren't, 2600 is pretty reasonable. Especially if you hit 50k well before 4 years.

But I guess we can agree it is a personal decision based on your risk tolerance and belief in the build you got.
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  #18  
Old 10-21-2010, 08:52 AM
1buck01 1buck01 is offline
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$2600 is a fair price for a 100k BMW warranty with $50 deductible- but when( date) was that price quoted? And by which dealer? That price is in line with 3rd party warranties- which seems odd.

I've noticed that things seem to increasingly go wrong between 45,000 and 75,000 miles- and just a few small trips to the dealer will add up or exceed the purchase price of the warranty- like leaky gaskets, ABS issues, wiper motor, or anything bosch electronic in nature. I would consider the term that I expect to own the vehicle which may change as you drive the vehicle for a while- I thought I'd keep my 550 for 4 or 5 years, but sold it in 2. So maybe drive the vehicle for a year or two and decide if its going to be a long term hold for you- then look at the extended warranty. I have mixed feelings on the 3rd party warranty vs BMW mainly for the cost difference. But if they are close- with in 10% each others price- Id would choose the BMW warranty.
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  #19  
Old 10-21-2010, 08:56 AM
tepsic66 tepsic66 is offline
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Quote:
Originally Posted by 1buck01 View Post
$2600 is a fair price for a 100k BMW warranty with $50 deductible- but when( date) was that price quoted? And by which dealer? That price is in line with 3rd party warranties- which seems odd.

I've noticed that things seem to increasingly go wrong between 45,000 and 75,000 miles- and just a few small trips to the dealer will add up or exceed the purchase price of the warranty- like leaky gaskets, ABS issues, wiper motor, or anything bosch electronic in nature. I would consider the term that I expect to own the vehicle which may change as you drive the vehicle for a while- I thought I'd keep my 550 for 4 or 5 years, but sold it in 2. So maybe drive the vehicle for a year or two and decide if its going to be a long term hold for you- then look at the extended warranty. I have mixed feelings on the 3rd party warranty vs BMW mainly for the cost difference. But if they are close- with in 10% each others price- Id would choose the BMW warranty.
I would be much more inclined to purchase the extended warranty if it was based on mileage alone, but unfortunately it comes with a time constraint as well: 6 years or 100,000 miles. In my case, there's no way I'll be between 75,000-100,000 miles after 6 years (probably right between 70,000-75,000). That's the game, I guess. I think if it was an 8 year / 100,000 mile plan it would be tempting.
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  #20  
Old 10-21-2010, 09:31 AM
Fargin Fargin is offline
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Oh well I stand corrected the warranty is $5320 I need the platinum since I have the idrive, man that is a lot of money. I also need the 6 year or 7 year since it starts from the original 0 miles time, which is strange. Man I don't know what to do at this point.
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  #21  
Old 10-21-2010, 09:33 AM
ard ard is offline
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Quote:
Originally Posted by tepsic66 View Post
I would be much more inclined to purchase the extended warranty if it was based on mileage alone, but unfortunately it comes with a time constraint as well: 6 years or 100,000 miles. In my case, there's no way I'll be between 75,000-100,000 miles after 6 years (probably right between 70,000-75,000). That's the game, I guess. I think if it was an 8 year / 100,000 mile plan it would be tempting.
Good point.

The $2600 number bandied about is a FIVE year 100k plan. So this is somewhere between 1 year and 2.5 years of theoretical coverage (if you do 100k in 5 years, you will hit the end of the BMW new car warranty in 2.5 years- giving you 2.5 years under the extended warrant...or if you don't do the miles you get 4 years under the new car and only one year under the extended.)

AS I RECALL, the new plans:

BMW now has 5, 6 and 7 year terms...all with 100kmile limited.

Pricing jumps $800-1000 per year.
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  #22  
Old 10-21-2010, 09:47 AM
ard ard is offline
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Originally Posted by Fargin View Post
Oh well I stand corrected the warranty is $5320 I need the platinum since I have the idrive, man that is a lot of money. I also need the 6 year or 7 year since it starts from the original 0 miles time, which is strange. Man I don't know what to do at this point.
Wait, did they somehow convince you that "if you have the iDrive you need the platinum plan"???


You do not, you decide what plan you want and what risk you are willing to take.

YOU need to actually read the POLICY and see what is and is not covered. There are aspects of the iDrive that ARE covered under gold and aspects that are not (last time I looked). For the $1000 difference between gold and platinum, I am willing to 'self insure'. My recollection is that audio and nav are excluded with gold, but not all the iDrive functionality.

Also, SHOP THE SPONSORS for your policy- there is no such thing as "One price"... most dealers size you up and toss out a number they think you'll fall for. If you do go through a sponsor my personal belief is that we treat their pricing confidentially....

GL

A
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  #23  
Old 12-18-2010, 08:40 AM
BimmerVSR BimmerVSR is offline
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Bump

Bumping this thread...I'm wondering if anyone has recently purchased the ext warranty? At what point did you buy...at pickup, 1-2 yrs in, at end of factory?

I always thought buying an ext warranty up front was when you could neg the best deal. As far as losing $, at least for my Chrysler and VW warranty, I could cash it in at any time for the prorated value. Is BMW different?

Is there a good CCA vendor selling warranties at a fair price?

I'll get some quotes when I pickup my 35d for 7yrs 100K. I wonder if the prices are higher/lower for the d...

FWIW, the last two I have purchased paid off. My 2003 VW W8 Passat had an $8000 repair last fall. That would have left a mark!
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  #24  
Old 02-18-2011, 02:51 PM
braddah1000rr braddah1000rr is offline
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I've been doing some deep research on an extended warranty. Seems there has been a lot of scamming and bad contracting going on for quite some time as in aftermarket warranties. Every company I've pulled up stating they were legit was either a parent company for a bankrupt company, a company that does not stand by their contracts or a business that has intentions on filing bankruptcy and continues to gain contracts with no way of honorings them leaving the customer stuck in the repair shop with a broken vehicle. Relying on the BBB was no better. Of course, the BBB is a non-profit organization that seems to rate companies based on how much they receive from a company. The only reputible company out there seems to be the warranty company the BMW dealership has offered. Unfortunately, that's also the most expensive. I actually went with one company charging a total of $4200. This was with $200 down payment and monthly payments at zero interest. Found out how bad they were online with numerous complaints, I cancelled 2 days after I made the downpayment for the contact. Good thing, I'm getting a full refund due to the cancellation taking place within 30 days of initiating the contract.

Big question now as stated in this thread, do I just say, "screw it and purchase the dealers warranty or deal without one?" The warranty I was quoted cost $4800 for 3 years, cash or 1 payment on credit card only (how convenient). Ouch!!!! Dam these 750s!!!!!

Anybody have a no kidding, good and honest experience with a specific company? If so, please share. Thanks fellow BIMMERMEN and women.

Last edited by braddah1000rr; 02-18-2011 at 02:57 PM.
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  #25  
Old 02-18-2011, 03:29 PM
BimmerVSR BimmerVSR is offline
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I had a great experience with Fidelity Warranty Services...

http://www.fidelitywarrantyservices.com/

They paid off quite a bit on my VW. You have to purchase through a dealer. If you call them, they should be able to refer you to a dealer near you. I bought an extended warranty through my VW dealer. I'm not sure if they warranty BMWs.
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