Should I buy an extended warranty on my CPO before the original factory expires ? - Bimmerfest - BMW Forums



Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > 5 Series > F10 / F11 (2011 - 2016)

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.

Reply
 
Thread Tools Display Modes
  #1  
Old 12-15-2017, 07:07 AM
AnilPunjabi AnilPunjabi is offline
Officially Welcomed to the 'Fest
Location: Boston
 
Join Date: Sep 2017
Posts: 178
Mein Auto: 2014 BMW 535d X-drive
Should I buy an extended warranty on my CPO before the original factory expires ?

I have 14 535d which I bought CPO and has the original warranty until Jan of 18 and CPO will go on until Jan of 2020.

My mom bought her 14 535d off lease and bought a 5 yr 60k extended warranty from the dealer for 2200.

I have my cpo warranty but am wondering when to buy an extended warranty? ... even thought I have CPO COVERAGE the extended warranty will be cheaper if I buy it now? .. and will BMW sell me a warranty towards the end of my CPO warranty ?

Ideally id love to use my cpo warranty and then buy an extended in 2020 for another 5-6 years

What is drawback to cpo vs manufacturers warranty?


Sent from my iPhone using Tapatalk
Reply With Quote
Sponsored Links
Advertisement
 
  #2  
Old 12-15-2017, 07:27 AM
Raylee Raylee is offline
Officially Welcomed to the 'Fest
Location: Lake Forest, CA
 
Join Date: Feb 2017
Posts: 293
Mein Auto: BMW 535i
BMW knows how to make money out of us. Is it a good deal? If I take a chance, I would probably spend less than what I have to pay BMW! One thing for sure is that BMW has lousy reliability.
Reply With Quote
  #3  
Old 12-15-2017, 07:32 AM
AnilPunjabi AnilPunjabi is offline
Officially Welcomed to the 'Fest
Location: Boston
 
Join Date: Sep 2017
Posts: 178
Mein Auto: 2014 BMW 535d X-drive
Quote:
Originally Posted by Raylee View Post
BMW knows how to make money out of us. Is it a good deal? If I take a chance, I would probably spend less than what I have to pay BMW! One thing for sure is that BMW has lousy reliability.


Thanks for the reply

They way I look at it is people are always hedging on what to spend vs on warranty

That isnít the right comparison bc some people value a reliable car and might sell the Bmw early and buy a newer car hence spend more on monthly payment

Me buying a warranty means I keep the car longer


Sent from my iPhone using Tapatalk
Reply With Quote
Sponsored Links
Advertisement
 
  #4  
Old 12-21-2017, 09:17 AM
devinMem devinMem is offline
Registered User
Location: Memphis
 
Join Date: Mar 2017
Posts: 6
Mein Auto: 2014 335i
I have the exact same question; I purchased my 2014 335i CPO last year and it's scheduled to go off the original warranty and maintenance in 3000 miles or early May 2018 whichever comes first and then the CPO warranty is in effect through May of 2020. Here's the question, does it make sense to get the extended warranty / Maintenance plan for 3 years if I have CPO for two of the three?
Reply With Quote
  #5  
Old 12-21-2017, 10:19 PM
mswscco mswscco is offline
Registered User
Location: Southern California
 
Join Date: Jun 2017
Posts: 18
Mein Auto: 2014 550i
If you go via Route66 which seems to be one of the more popular options, earlier is better. The higher the mileage on your car, the more the warranty will be and the less coverage you will get since their policies are based on odometer miles.
Reply With Quote
  #6  
Old 12-27-2017, 01:17 PM
Gold323Ci Gold323Ci is offline
Officially Welcomed to the 'Fest
Location: East TN
 
Join Date: Jul 2006
Posts: 422
Mein Auto: '12 535, '12 X5, '15 Box
I have had 7 BMWs and have never had an expensive repair outside the warranty. I know not everyone can say that. So I have never bought an extra warranty nor would I recommend someone else do it. I have saved thousands over the last 10 years not buying a warranty.

The way I look at it, if you can't afford a pricey repair, you should drive a Japanese car. I can afford to repair my cars myself but I sure hope not to. I generally sell them before 100k miles but over 75k.

The other issue I have seen is that some cannot wait to run out to the BMW dealer for an issue vs. shopping around at an independent shop. If you want to pay 4x the reasonable amount, go to the dealer.

That's my two cents.
Reply With Quote
  #7  
Old 12-27-2017, 04:24 PM
balfor balfor is offline
Registered User
Location: San Diego
 
Join Date: Dec 2017
Posts: 38
Mein Auto: 2016 535i
I recently bought a CPO and just went through the fine print of what CPO covers. Turns out there are a LOT of exclusions on the CPO coverage, for example basically none of the suspension or steering is covered, no hoses, no exhaust, etc. Really, at the end of the day only a catastrophic engine or transmission failure would be covered which should be pretty rare. For the price I would think it isn't worth it to extend if you can find an independent nearby who can help with out of warranty items.
Reply With Quote
  #8  
Old 12-27-2017, 04:26 PM
ezaircon4jc's Avatar
ezaircon4jc ezaircon4jc is offline
Officially Welcomed to the 'Fest
Location: San Diego
 
Join Date: Jan 2015
Posts: 3,362
Mein Auto: 2014 535i M Sport
Quote:
Originally Posted by Gold323Ci View Post
The other issue I have seen is that some cannot wait to run out to the BMW dealer for an issue vs. shopping around at an independent shop. If you want to pay 4x the reasonable amount, go to the dealer.

That's my two cents.
Depends on the dealer. Mine is VERY competitive with the local indy. It probably helps that the indy is very close (like a half mile) to the dealer.
__________________

Mike
2014 535i M Sport, Carbon Black/Black (mine)
2012 535i, Dark Graphite II/Oyster (wife's)
Joshua 24:15; Phil 4:13
https://www.newtis.info/tisv2/a/en/f10-535i-lim/
Reply With Quote
  #9  
Old 12-29-2017, 09:59 PM
wooramse wooramse is offline
Officially Welcomed to the 'Fest
Location: CA
 
Join Date: Feb 2016
Posts: 272
Mein Auto: 550i
Quote:
Originally Posted by ezaircon4jc View Post
Depends on the dealer. Mine is VERY competitive with the local indy. It probably helps that the indy is very close (like a half mile) to the dealer.
Which dealer are you referring to? As far as I know and also from my experience, BMW San Diego and Escondido are not the one. I doubt how they could lower the price as low as local indy's due to their business structure.
Reply With Quote
  #10  
Old 12-30-2017, 01:02 PM
ezaircon4jc's Avatar
ezaircon4jc ezaircon4jc is offline
Officially Welcomed to the 'Fest
Location: San Diego
 
Join Date: Jan 2015
Posts: 3,362
Mein Auto: 2014 535i M Sport
Quote:
Originally Posted by wooramse View Post
Which dealer are you referring to? As far as I know and also from my experience, BMW San Diego and Escondido are not the one. I doubt how they could lower the price as low as local indy's due to their business structure.
It was/is Escondido. Michael Duplessis has been very good to me.
__________________

Mike
2014 535i M Sport, Carbon Black/Black (mine)
2012 535i, Dark Graphite II/Oyster (wife's)
Joshua 24:15; Phil 4:13
https://www.newtis.info/tisv2/a/en/f10-535i-lim/
Reply With Quote
  #11  
Old 01-02-2018, 06:50 PM
Brietling's Avatar
Brietling Brietling is offline
Officially Welcomed to the 'Fest
Location: TN
 
Join Date: Feb 2017
Posts: 889
Mein Auto: BMW 540i
How about buying a warranty when CPO is done. I know someone who just bought a 2014 F10 with 68K miles. He's shopping for a warranty but unsure of who to use. One quote was 5500 to get him to 100K miles. Seemed extremely expensive to me. Any suggestions?

Sent from my SM-G935P using Bimmerfest mobile app
__________________
2018 540i MSport
Reply With Quote
  #12  
Old 01-05-2018, 11:04 AM
Makiedog Makiedog is offline
Registered User
Location: Minnesota
 
Join Date: May 2017
Posts: 78
Mein Auto: 535i xDrive GT
Many have bought the Route66 Easy Street Protection Policy $2,995- 5 yrs or 100k miles, covers all the major items, no deductibles. I just used it to replace my F07 water pump (about $1k), the claim was painlessly handled between the shop and R66. FYI, the 5 series is the highest series luxury car the policy will cover (6,7,8 and X do not qualify), so buy it before they drop the 5 too
__________________
2011 535i X-drive Gran Turismo
19" LA 369 Wheels
Facebook 5 GT Owners' Group
Reply With Quote
  #13  
Old 01-05-2018, 11:10 AM
Brietling's Avatar
Brietling Brietling is offline
Officially Welcomed to the 'Fest
Location: TN
 
Join Date: Feb 2017
Posts: 889
Mein Auto: BMW 540i
Good to know I'll tell my friend. Do they choose the shop for repairs or can he take it wherever he likes?

Sent from my SM-G935P using Bimmerfest mobile app
__________________
2018 540i MSport
Reply With Quote
Reply

See More Related BMW Stories


Forum Navigation
Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > 5 Series > F10 / F11 (2011 - 2016)
Today's Posts Search
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On



Forum Jump


All times are GMT -7. The time now is 10:17 AM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
© 2001- VerticalScope Inc. All rights reserved.