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F10 / F11 (2011 - 2016)
The sixth generation of the BMW 5 Series Sedan (F10) was produced from 2011 - 2016 with LCI updates arriving in 2014. In the US BMW offered a hatchback 5 Series Gran Truismo (F07) and the rest of the world also go a Station Wagon/Touring version F11.

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  #1  
Old 12-01-2016, 06:30 PM
anewguy anewguy is offline
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Is a $4,300 Extended Warranty worth it for a F10 550ix?

Hello, I am new to the forum. Before starting this thread, I did do a search but many of the related threads seemed to be from a few years ago.

I'm currently looking at a 2011 550i with x-Drive and roughly 60,000 on the odo. I know what I'd be getting myself into with the costs of maintenance, etc., but I'm a bit more concerned about some of the potentially expensive repairs that could be looming on an N63-equipped BMW on the wrong side of the 50,000 mile mark.

I got a quote for an Extended Warranty, which came in at around $4,300 for an additional 3 years/36,000 miles of coverage.

I was wondering if this would be worth it? I took a look at the car, and other than the age and miles, it seems to have been fairly well maintained. But that said, what are the odds that I could potentially accumulate $4,000+ worth of covered repairs (N63 issues not part of the recalls, transmission, AWD transfer box, etc.) by 90,000 miles? Would I just be better off saving the money and keeping it in a "repairs" fund for the life of the car?

I'm not sure how long I'd plan to keep the car, but I estimate around 3-5 years. I'd hate to forego the warranty and get hooked for some exceedingly pricey repairs, but at the same time, it'd stink to drop $4,300 on a warranty that I wouldn't use, only to have some of the pricier issues surface upon the expiration of the warranty.

Thank you in advance for reading and any advice!
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  #2  
Old 12-01-2016, 07:27 PM
HizEternal HizEternal is offline
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If you're unlucky like me, I have a 535xi, those front axle boots will likely tear and you'll probably won't know till it's too late. Then you're going to have to replace them and if you don't have an indy that warranty will pay itself after replacing two of those.
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  #3  
Old 12-01-2016, 08:12 PM
Mtnguy321 Mtnguy321 is offline
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I bought a 2011 550xi (53000 miles) and bought a warranty. It covers everything and included 6 oil changes and tire protection ... around $4000. I figured it was worth it because anything that goes wrong is expensive.
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  #4  
Old 12-01-2016, 08:56 PM
BamaF10 BamaF10 is offline
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Quote:
Originally Posted by anewguy View Post
Hello, I am new to the forum. Before starting this thread, I did do a search but many of the related threads seemed to be from a few years ago.

I'm currently looking at a 2011 550i with x-Drive and roughly 60,000 on the odo. I know what I'd be getting myself into with the costs of maintenance, etc., but I'm a bit more concerned about some of the potentially expensive repairs that could be looming on an N63-equipped BMW on the wrong side of the 50,000 mile mark.

I got a quote for an Extended Warranty, which came in at around $4,300 for an additional 3 years/36,000 miles of coverage.

I was wondering if this would be worth it? I took a look at the car, and other than the age and miles, it seems to have been fairly well maintained. But that said, what are the odds that I could potentially accumulate $4,000+ worth of covered repairs (N63 issues not part of the recalls, transmission, AWD transfer box, etc.) by 90,000 miles? Would I just be better off saving the money and keeping it in a "repairs" fund for the life of the car?

I'm not sure how long I'd plan to keep the car, but I estimate around 3-5 years. I'd hate to forego the warranty and get hooked for some exceedingly pricey repairs, but at the same time, it'd stink to drop $4,300 on a warranty that I wouldn't use, only to have some of the pricier issues surface upon the expiration of the warranty.

Thank you in advance for reading and any advice!
unfortunately only you can answer that question. I opted to purchase the warranty, but I haven't needed to use it yet. Are you willing to risk driving a used German car that is very expensive to repair with no protection. But is that protection worth $4,000 pre-paid? Just remember, not all extended warranties are the same. I highly suggest you contact your local BMW dealer to make sure they have experience working with the warranty company you choose. What matters most is being able to get the work done when you need it, and not getting the run around.

and....there's no way in hell I would drive a 2011 550 without a warranty. A 535, possibly, but not likely. An older 550, absolutely no way.

Last edited by BamaF10; 12-01-2016 at 09:02 PM.
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  #5  
Old 12-01-2016, 09:55 PM
anuts anuts is offline
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Without a doubt. My 2013 535i M Sport is at the dealer right now getting serviced. A few items needed some help. Just to give you an idea of one of those items, a whole replacement xenon headlight was quoted at $1,800 without labor. One.
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  #6  
Old 12-01-2016, 10:54 PM
Robert A Robert A is offline
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A contrarian perspective. I kept my E60 530i for 7.5 years, my E39 530i for 6 years and my E36 325is for 7 years. My E60 had zero out of warranty repairs other than 2 radiator hoses. My E39 had something relatively minor that I cannot remember. My E36 had a couple of $400 repairs. Yes, I self insured, and it paid off well.

Sure, it's possible to incur $8k in repairs, but the odds have to be better than 50% for a $4k policy to be worth buying. I'd take that money and put it in a savings account first.
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  #7  
Old 12-01-2016, 11:10 PM
jjrandorin jjrandorin is offline
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Quote:
Originally Posted by Robert A View Post
A contrarian perspective. I kept my E60 530i for 7.5 years, my E39 530i for 6 years and my E36 325is for 7 years. My E60 had zero out of warranty repairs other than 2 radiator hoses. My E39 had something relatively minor that I cannot remember. My E36 had a couple of $400 repairs. Yes, I self insured, and it paid off well.

Sure, it's possible to incur $8k in repairs, but the odds have to be better than 50% for a $4k policy to be worth buying. I'd take that money and put it in a savings account first.
None of those were 2011 550s with the n63 engine though....
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  #8  
Old 12-02-2016, 09:34 AM
Rick-F Rick-F is online now
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Quote:
Originally Posted by anewguy View Post

I got a quote for an Extended Warranty, which came in at around $4,300 for an additional 3 years/36,000 miles of coverage.

Think of like this: it's only 12 per mile (and you pay in advance) That's a lot, but there is a reason it's a lot. I would NOT buy a 2012 550ix without the extended warranty-- but then I'd not buy one WITH it either.

If I were in the market for a 5 year old "upscale" car with 60K miles on it, I look at a Lexus, if cost were a significant factor,
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  #9  
Old 12-02-2016, 10:23 AM
bmwe39lover bmwe39lover is offline
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better than a life insurance policy
whoooooo
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  #10  
Old 12-02-2016, 11:05 AM
calberk95 calberk95 is offline
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Do not buy a 2011 550i without a warranty. I have a 2011 550i xdrive with 59,000 miles. I love it and it has largely been problem free until two weeks ago when the turbo coolant lines started leaking. Thankfully I was still under the cpo warranty. 14 hours of labor later, several items were replaced at what would have been a cost of $7,000 but I only paid the $50 cpo copay. I just bought a 2014 550i because I didn't want to keep my 2011 when the cpo warranty runs out. So I'm selling my 2011. As I understand it, the 2011 has a defective engine design that contributes to overhearing in the engine compartment based on the placement of the turbos on top of the engine. Excessive heat leads to excessive wear--not good for the longevity of pretty much everything under the hood.
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  #11  
Old 12-02-2016, 12:12 PM
3xdamages 3xdamages is offline
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Economics would suggest that you should go without the warranty. Warranty companies make money, and they do so by estimating the risk * cost of repair and then adding a profit margin. So the warranty company must have decided that the risk * cost of a repair is less than what they are charging you. Unless they have not done sufficient homework on the specific model (n63) such that the price is too low, in which case you should get the warranty.

Peace of mind is a different thing. You might obtain equivalent peace of mind by putting your $4000 into an account and knowing it is there for you if your gamble pays off.
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Last edited by 3xdamages; 12-02-2016 at 12:13 PM.
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