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E90/E91/E92/E93 (2006 - 2013)
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  #1  
Old 05-07-2013, 12:25 PM
atxlumberjack49 atxlumberjack49 is offline
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Warranty Worth the Price? (soon to be owner!)

Hello all,
I've been reading and researching on this forum for a few weeks and I am about to buy my first BMW. It is a 2008 335i Cabriolet with ONLY 5,800 miles on it! The used car dealership says that they can offer me an extended warranty of 5 years/100,000 miles through BMW....but, it's for an additional $3,200 . Is that the BMW standard rate? I am basically buying a brand new car and will only drive it about 8 days a month. I've read about issues with the HPFP and the battery cable(which this vehicle does have a recall on), but I haven't read of many other warranty issues. I guess my question is, is buying this warranty an absolute must?
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  #2  
Old 05-07-2013, 01:25 PM
sridario sridario is offline
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Are you sure the warranty is 5 years/100,000 miles? The extended warranty is usually 6 years up here. If it is 5 years, and the car is a 2008, then you have at best a few months left in the warranty. If that's the case, it doesn't seem worth it to me.

If it is a 6 year extended warranty, then you have a year and some months of warranty coverage. The question is, will you have $3200 worth of warranty-covered repairs in that timeframe? On a car with 5800 miles, it doesn't seem likely, assuming you get a thorough pre-purchase inspection and no current or ticking issues are found.

BTW, how is it that a 5-year old car only has 5800 miles on it? Seems a bit fishy.
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  #3  
Old 05-07-2013, 01:41 PM
atxlumberjack49 atxlumberjack49 is offline
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The way he is explaining it to me is that it is an additional warranty. Like, it starts from when I purchase the vehicle. Probably need to call BMW about that. I've had a 3rd party inspection of the vehicle and the mileage and everything else was legit and rated it "4/5 stars".
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  #4  
Old 05-07-2013, 02:53 PM
sridario sridario is offline
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You definitely need to call BMW about that. I highly doubt they would offer a 5 year warranty on a 5 y/o car for $3200. It they did, it would be a steal, and BMW doesn't offer steals...

More likely, this is from a 3rd party. You should get all the details of the plan in writing before committing to anything.
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  #5  
Old 05-07-2013, 03:22 PM
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Zooks527 Zooks527 is offline
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Quote:
Originally Posted by atxlumberjack49 View Post
Hello all,
I've been reading and researching on this forum for a few weeks and I am about to buy my first BMW. It is a 2008 335i Cabriolet with ONLY 5,800 miles on it! The used car dealership says that they can offer me an extended warranty of 5 years/100,000 miles through BMW....but, it's for an additional $3,200 . Is that the BMW standard rate? I am basically buying a brand new car and will only drive it about 8 days a month. I've read about issues with the HPFP and the battery cable(which this vehicle does have a recall on), but I haven't read of many other warranty issues. I guess my question is, is buying this warranty an absolute must?
Many people do without extended warranties (I'm one of them), but many of them (like me) have owned the car from day one and know how it has been treated.

Many people would not own a BMW without a warranty, no how, no way. I am not one of those people.

However, if you're buying from a used car dealer, it's surprising he says he can offer a warranty through BMW. I'd think you would be getting a 3rd-party warranty instead of a BMW one. These range all over the block, from decent to worthless. You need to get a copy of the extended warranty contract, find out who is issuing it, find out what it covers, and then ask again.


FWIW,
George
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ED May 12, 2009, Munich dropoff May 16, Redelivery June 22, 2009




Prior 33 years of cars: 1967 BelAir wagon / 1968 LeMans Tempest / 1970 Mustang Mach 1 / 1972 El Dorado / 1978 Corvette (kept until first Bronco) / 1981 Subaru GL wagon AWD / 1983 s10 Blazer 4x4 (big mistake) / 1985 Bronco 4x4 / 1996 Bronco 4x4 / 2004 Passat 4motion

Last edited by Zooks527; 05-07-2013 at 03:23 PM.
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  #6  
Old 05-07-2013, 03:37 PM
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johnc_22 johnc_22 is offline
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I paid $3000 for a 7/100K warranty back in 2007 through AAA Autoguard. My car has 77K miles and the warranty has paid out over $6500. But I'd be dubious of anyone selling a BMW extended warranty but a BMW dealer - read the fine print!
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  #7  
Old 05-07-2013, 04:06 PM
ramblinman ramblinman is offline
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Here's what you are almost certainly looking at, within the first 100,000 miles or the next few years:

Mechantonic sleeve replacement on the A/T= $500
Failed gasket for the oil filter housing= $900
Failed water pump=$1,000
Decarbonizing intake valves and ports $500.

These costs will vary by whether you use the dealer or an indy.

WIth a low mileage car, you may or may not get these problems in the next two years, but you will find that a lot of people have them. I have a 2008 335, and I already have replaced the mechatronic sleeve. At 35k miles, I'm close to need to the decarbonizing, with the oil filter gasket close behind. Water pump is a crap shoot.

No modern car should have these kinds of problems so consistently in the first 100k miles.

I didn't get the insurance policy because the cost is so high. But I'll probably cut my losses and get rid of it before I run into more repairs. The early model N54 was badly engineered.
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  #8  
Old 05-07-2013, 06:58 PM
atxlumberjack49 atxlumberjack49 is offline
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So, I contacted the finance manager to ask for a copy of the extended warranty contract and he tells me to "Go to Ralcorp.com and look at the reserve coverage."....IT'S A LINK TO A FOOD PRODUCER!!...Not a good start. I just read that dealerships buy these warranties and charge double, so there is "wiggle room" for negotiating the price, but I'm starting to think it's a complete waste of money, especially if these warranty businesses come and go and are as scammy as it sounds.
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  #9  
Old 05-07-2013, 07:18 PM
alpinweiss alpinweiss is online now
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In general, extended warranties are really good.........for the selling dealer. As you already observed, the markup is about 100%.

A lot of people have been left without coverage, after the third party warranty company goes out of business.

A 335i cabriolet will have some mechanical risks, including the convertible top. Theoretically, an extended warranty will give you some insurance against the risks. Unfortunately, most third party warranties will leave you unsatisfied with the coverage.

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  #10  
Old 05-07-2013, 10:23 PM
irianjim irianjim is offline
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You may have already done this, but it would be worth checking with BMW of Austin and see what options they might have. They mention that they sell them for out of warranty BMW's on their website. If I was going to buy a warranty, I would probably get one from the local dealer as I would want them to do any repairs anyway and they would probably be more helpful if there is an issue if you bought it from them. Just a thought.

One thing I don't understand is how one car can be so low mileage. My 2013 can talk. It isn't a daily driver, but every time I go out to the garage it shouts "drive me!"

I'll try and keep the mileage down but I can guarantee it will have a lot more than 5k on it when it is five years old!

Good luck!
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  #11  
Old 05-08-2013, 07:10 AM
atxlumberjack49 atxlumberjack49 is offline
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I previously had checked that out, irianjim, on their website. But, it says their warranty for used vehicles is through United Auto Care. So, I guess BMW doesn't actually do the work and I haven't read particularly great reviews of UAC online.
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  #12  
Old 05-08-2013, 07:19 AM
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furby076 furby076 is offline
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The website just may have been a typo on your part or he told it to you wrong. Confirm the site with him and go on there. Read the inclusions and exclusions. On top of that, negotiate the price lower
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  #13  
Old 05-08-2013, 07:22 AM
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BiHoTTo115 BiHoTTo115 is offline
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Quote:
Originally Posted by ramblinman View Post
Here's what you are almost certainly looking at, within the first 100,000 miles or the next few years:

Mechantonic sleeve replacement on the A/T= $500
Failed gasket for the oil filter housing= $900
Failed water pump=$1,000
Decarbonizing intake valves and ports $500.

These costs will vary by whether you use the dealer or an indy.

WIth a low mileage car, you may or may not get these problems in the next two years, but you will find that a lot of people have them. I have a 2008 335, and I already have replaced the mechatronic sleeve. At 35k miles, I'm close to need to the decarbonizing, with the oil filter gasket close behind. Water pump is a crap shoot.

No modern car should have these kinds of problems so consistently in the first 100k miles.

I didn't get the insurance policy because the cost is so high. But I'll probably cut my losses and get rid of it before I run into more repairs. The early model N54 was badly engineered.
...What? You getting your service done by the CEO of BMW?
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  #14  
Old 05-08-2013, 09:07 AM
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Zooks527 Zooks527 is offline
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Quote:
Originally Posted by ramblinman View Post
WIth a low mileage car, you may or may not get these problems in the next two years, but you will find that a lot of people have them. I have a 2008 335, and I already have replaced the mechatronic sleeve. At 35k miles, I'm close to need to the decarbonizing, with the oil filter gasket close behind. Water pump is a crap shoot.
Are you saying this because you have some symptoms indicating a carbon issue, or is it simply a mileage based number in response to other postings?
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ED May 12, 2009, Munich dropoff May 16, Redelivery June 22, 2009




Prior 33 years of cars: 1967 BelAir wagon / 1968 LeMans Tempest / 1970 Mustang Mach 1 / 1972 El Dorado / 1978 Corvette (kept until first Bronco) / 1981 Subaru GL wagon AWD / 1983 s10 Blazer 4x4 (big mistake) / 1985 Bronco 4x4 / 1996 Bronco 4x4 / 2004 Passat 4motion
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  #15  
Old 05-08-2013, 11:31 AM
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E92-Lighting E92-Lighting is offline
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yes, its definitely worth the price
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  #16  
Old 05-08-2013, 12:26 PM
buylongterm buylongterm is offline
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Mein Auto: 2010 BMW 335XI M package
I recently bought a Certified 2010 335XI Coupe with 23K miles. I am pretty close with the Finance manager. Not exactly sure what he did, but he basically added gap insurance to the deal (Which he told me I really don't need) and by doing so was able to throw in a 5yr 100K Full BMW warranty for free. So, I am covered for brakes, oil changes, Rotors, All service, etc. Even better, it's attached to my VIN which will be great for re-sale value.
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