Extended Warranty price reasonable?

ucdvwchan · 01-25-2011, 10:21 AM

Does $2060 sound reasonable for a Gold option covering 6yr/100k miles? What is the average or invoiced price amount for this package?

Thanks.

jpd · 01-25-2011, 03:02 PM

Many extras offered by the dealer are can be subject to discounts. I'm not sure what the Gold option is? Sounds like a dealer thing. You also never tell us whether it's a new car or used. If used then it may be certified??????????

ucdvwchan · 01-25-2011, 03:33 PM

i got the car new but didn't purchase the extended warranty with it initially. now i'm trying to get an extended warranty from the dealer, and the dealers are basically offering 3 options/packages of warranty covering various systems of the car (powertrain, gold, platinum). I think all the dealers are instructed to sell these 3 packages since they even have brochures printed for it and they all refer to them.

jpd · 01-25-2011, 06:11 PM

Ask for a discount, but if they are from BMW you may be out of luck. In general there are multiple packages like rim damage which definitely can be discounted.

Yvette · 01-25-2011, 06:17 PM

I remember when I didn't purchase the extended warranty, the sales manager seemed he got pissed. He also mentioned about some customer paid 15K for repairing his engine cause he didn't buy the warranty. I said w/e and told him thanks but he didn't even say good bye to me lol. There is always room for discount, since they all get commission out of it.

tgxmike · 02-01-2011, 09:27 PM

Best options I found to pay the least amount of interest (money lost to bak), warranty, and extended maintenance.

For the interest, I save up at least 30%+ for a down payment. So I don't have to worry about gap insurance, and not paying interest on that 30% of the car.

For the Warranty, when you buy new, check with your insurance company (I have geico). They charge between $15-$60 per 6 months for a 10yr/100K warranty. The catch is you pay $250 deductible one time (i.e. if you have 2 separate problems you only pay $250 for th first problem). I found out this also covers a broken windshield too

For the extended maintenance, it is really just pre-paid, so if you plan to keep the car for more than 100K miles, fine go for it. Otherwise, from 50K-100K just pay for it. That way if something happens (sell the car, totaled, stolen, etc) you don't loose the prepaid service money.

01-25-2011, 10:21 AM	#1
ucdvwchan New Member 4 Rep 21 Posts Drives: 128i Join Date: Jul 2009 Location: 626 iTrader: (0)	Extended Warranty price reasonable? Does $2060 sound reasonable for a Gold option covering 6yr/100k miles? What is the average or invoiced price amount for this package? Thanks.
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01-25-2011, 03:02 PM	#2
jpd Lieutenant 5 Rep 572 Posts Drives: Alpine White 135 Join Date: Mar 2010 Location: USA iTrader: (0)	Many extras offered by the dealer are can be subject to discounts. I'm not sure what the Gold option is? Sounds like a dealer thing. You also never tell us whether it's a new car or used. If used then it may be certified??????????
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01-25-2011, 03:33 PM	#3
ucdvwchan New Member 4 Rep 21 Posts Drives: 128i Join Date: Jul 2009 Location: 626 iTrader: (0)	i got the car new but didn't purchase the extended warranty with it initially. now i'm trying to get an extended warranty from the dealer, and the dealers are basically offering 3 options/packages of warranty covering various systems of the car (powertrain, gold, platinum). I think all the dealers are instructed to sell these 3 packages since they even have brochures printed for it and they all refer to them.
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01-25-2011, 06:11 PM	#4
jpd Lieutenant 5 Rep 572 Posts Drives: Alpine White 135 Join Date: Mar 2010 Location: USA iTrader: (0)	Ask for a discount, but if they are from BMW you may be out of luck. In general there are multiple packages like rim damage which definitely can be discounted.
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01-25-2011, 06:17 PM	#5
Yvette Major General 761 Rep 7,408 Posts Drives: M Join Date: Sep 2006 Location: Vancouver iTrader: (19)	I remember when I didn't purchase the extended warranty, the sales manager seemed he got pissed. He also mentioned about some customer paid 15K for repairing his engine cause he didn't buy the warranty. I said w/e and told him thanks but he didn't even say good bye to me lol. There is always room for discount, since they all get commission out of it.
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02-01-2011, 09:27 PM	#6
tgxmike Second Lieutenant 18 Rep 293 Posts Drives: '21 M2C 6MT, '21 Charger Scat Join Date: Feb 2010 Location: Boise, ID iTrader: (0) Garage List 2021 BMW M2 [0.00]	Best options I found to pay the least amount of interest (money lost to bak), warranty, and extended maintenance. For the interest, I save up at least 30%+ for a down payment. So I don't have to worry about gap insurance, and not paying interest on that 30% of the car. For the Warranty, when you buy new, check with your insurance company (I have geico). They charge between $15-$60 per 6 months for a 10yr/100K warranty. The catch is you pay $250 deductible one time (i.e. if you have 2 separate problems you only pay $250 for th first problem). I found out this also covers a broken windshield too For the extended maintenance, it is really just pre-paid, so if you plan to keep the car for more than 100K miles, fine go for it. Otherwise, from 50K-100K just pay for it. That way if something happens (sell the car, totaled, stolen, etc) you don't loose the prepaid service money.
	Appreciate 0 Quote