Extended Warranty

[rking117]

Hey gang, On my 1 I didn't get the CPO warranty on it and now my factory warranty expires in a few thousand miles. Has anyone paid cash for the extended warranty after the fact or is that possible? If so how much is it approximately?

thanks

[bbbbmw]

I looked into Route66 warranty. Seems to get good reviews. For my 2011 135i it was about $3k, as I remember, and was good for 5yrs from date of purchase (or 100k total miles). It covered basically everything. Seemed a lot more comprehensive, and lasted longer than a BMW CPO warranty, and not much more money. I've had BMW CPO in the past - they have a number of exclusions that can be annoying and expensive.

[zamboni]

I paid $3K for the BMW extended war 7yrs/100K miles, still had 3 years remaining or 50K miles to go.

[bbbbmw]

Originally Posted by zamboni

I paid $3K for the BMW extended war 7yrs/100K miles, still had 3 years remaining or 50K miles to go.

The CPO warranty is actually an extra 2 years on top of the original 4year warranty, and/or a total of 100k within that total of 6 years. Did you get a different warranty from BMW?

[vertebra]

Originally Posted by bbbbmw

The CPO warranty is actually an extra 2 years on top of the original 4year warranty, and/or a total of 100k within that total of 6 years. Did you get a different warranty from BMW?

The CPO is different than the extended warranty. The CPO does not cover everything the original warranty does but the extended warranty does. There is a thread somewhere about it. I was researching it because my original warranty has 1 year left and the CPO 2 years.

[bbbbmw]

Originally Posted by vertebra

The CPO is different than the extended warranty. The CPO does not cover everything the original warranty does but the extended warranty does. There is a thread somewhere about it. I was researching it because my original warranty has 1 year left and the CPO 2 years.

Cool - I will have to dig into it. Having a bumper-to-bumper from BMW would prob be the best. Thanks!

[Mach1er]

I paid 2.5K for 7 yrs/70K extended platinum when I purchased the car. I was told that if I decided to enroll in the extended later, it would go up by $500.

[zamboni]

Originally Posted by bbbbmw

The CPO warranty is actually an extra 2 years on top of the original 4year warranty, and/or a total of 100k within that total of 6 years. Did you get a different warranty from BMW?

Yes I got the platinum plan from BMW for 7yrs/100K.

[Ferstlerslim]

Originally Posted by zamboni

Yes I got the platinum plan from BMW for 7yrs/100K.

How much was it?

If buying a used car that is not currently under warranty, can you add one through BMW?

Dave

[zamboni]

Originally Posted by Ferstlerslim

How much was it?

If buying a used car that is not currently under warranty, can you add one through BMW?

Dave

Don't think so but you can ask your dealer to clarify.

[kensington]

I paid about $2300 for an extended warranty and havent even used it. I should have just kept the money.

[dcaron9999]

Originally Posted by kensington

I paid about $2300 for an extended warranty and havent even used it. I should have just kept the money.

I think you still made the right choice for your N54 based 2008. Early years for the E82, and modern BMW cars mean unexpected and bizarre issues could have come up. Heck, in 3 months ownership, I encountered a few odd issues on my 2011 135i which I bought used 6 months ago (A/C evaporator replacement, sticky clutch pedal, leaking clutch master cylinder, leaking diff input seal, unsolved issue with electronic buzz sound in speakers when entering the vehicle, etc). All this adds up to about $5000+ in parts and labor, all covered under warranty.

If your warranty is still active, may I recommend that 1-2 months prior to expiration, you pay an indi 1-2 hours labor to do a full go over, and help you identify every minute things that need attention. Then visit your BMW dealership, and have them take care of all issues. Just dont blatantly show them the notes from your indi. I used this leverage successfully on my first CPO BMW...

Right now, my used 2011 135i is still under base warranty until May 2015/50,000Miles/80,000Kms. I received an offer from BMW Canada by mail, with a $450 rebate on an extended warranty. Comes out to $2000CAD Tax inc for an extra 2 years and 100,000Mile/160,000Kms coverage.

Buying the extended warranty now, would raise the value and appeal of my car for future buyers. I still decided to pass on the offer for now, as I can buy the extended full BMW warranty any time, up until the base warranty expires. I may not keep the car that long, but if I do, I will be getting the extended warranty before my base 4yrs/50,000M runs out.

[cheshirecat79]

Just remember, those of you who are thinking about buying a warranty, that warranties are profit centers. They are not doing you a favor by selling you this extended warranty.

If you want to buy a warranty, go ahead, but do it for the peace of mind, not the "investment", as the nature of extended warranties makes them a poor investment overall.

Some people may make out like bandits. Most, however, will not.

[ba83]

If you have to get one , get the bmw warranty gold plan , all other third parties are not worth it

[zamboni]

Originally Posted by cheshirecat79

Just remember, those of you who are thinking about buying a warranty, that warranties are profit centers. They are not doing you a favor by selling you this extended warranty.

If you want to buy a warranty, go ahead, but do it for the peace of mind, not the "investment", as the nature of extended warranties makes them a poor investment overall.

Some people may make out like bandits. Most, however, will not.

That is just your opinion and you can either pay now or wait for some thing to break down and more money comes out of your pocket, not to mention you have a 135i with turbos more problems down the road.

[dcaron9999]

Originally Posted by cheshirecat79

If you want to buy a warranty, go ahead, but do it for the peace of mind, not the "investment", as the nature of extended warranties makes them a poor investment overall..

I would not call it an investment, so is owning a car. I would say that it will give you car an edge, should ever decide to sell it. Add to that the N54+N55 are more prone to failures than your typical Toyota Corolla, dont you think?

Unless you are a mechanic, have free access to one, or you are a very capable DIY person, extended warranties makes sense for a BMW if you plan on keeping it for while. Not as important for someone not keeping his car for too long.

[dcaron9999]

Originally Posted by ba83

If you have to get one , get the bmw warranty gold plan , all other third parties are not worth it

Agreed. Many horror stories about third party warranties not offering complete coverage, or not paying full amount of repairs.

The thing is, it may be too late for many owners to add "extend" their authentic BMW warranty plan, unless the car is CPO'ed or still under base warranty. I would say to those, reallly do your homework, call the Better Business Bureau's, speak to people, etc.

[cheshirecat79]

Originally Posted by zamboni

That is just your opinion and you can either pay now or wait for some thing to break down and more money comes out of your pocket, not to mention you have a 135i with turbos more problems down the road.

My opinion? Do you think BMW (or any extended warranty business) is losing money on these extended warranties? Hint: they don't. Quite the opposite, actually, which is why there are so many shady companies out there offering the service.

I'm not saying an extended warranty isn't worth the money for some people. *Some* will realize the full benefit. Most will not. That's the simple economic value of the service.

Originally Posted by dcaron9999

I would not call it an investment, so is owning a car. I would say that it will give you car an edge, should ever decide to sell it. Add to that the N54+N55 are more prone to failures than your typical Toyota Corolla, dont you think?

I wouldn't say owning a car an "investment" as much as just an expenditure. As far as investments go, vehicles are one of the poorest thing to put your money into, as they hold value terribly when compared to other products. As far as your comment about it being helpful when you sell it, I completely agree. An extended warranty is huge when it comes to differentiating your vehicle from the flock. When it comes to the n54/n55 platform being more failure prone, I agree- that's why these BMW warranties cost more than an extended warranty for a Corolla... which can be had for under a thousand bucks (7yr/100k).

Unless you are a mechanic, have free access to one, or you are a very capable DIY person, extended warranties makes sense for a BMW if you plan on keeping it for while. Not as important for someone not keeping his car for too long.

Sure, they can make perfect sense for the right person. If someone likes taking their car to the dealer and dropping it off, it's great- they don't have to worry about it. If someone would rather make the better fiscal decision and take their chances on using a private euro repair shop, that's fine too.

Again- I'm not saying that the extended warranty isn't an opinion that should be considered. I am saying, however, that the simple nature of the product, like all insurance, mandates that the cost of the policy covers more than the collective amount of payouts.

[Andrewcoja]

I said this in the other thread but it's an insurance thing. You get it in case something bad enough happens that costs a lot more than what the warranty costs. And there's a difference between a manufacturer extended warranty and a shady third party one. Third party warranties have a lot of caveats stipulations and they try to get out of paying any claim you make by finding something you did (or didn't do) that violates their terms. Though for some of them, the terms are just to maintain your car extremely well which is good for you as well as them.

It all comes down to if you can afford to eat the cost of the warranty for the peace of mind that you aren't going to be even deeper in the hole later. Not saying you have to get it, but if you want to keep your car a long time and aren't mechanically inclined, it's not the worst decision ever.

[zamboni]

Originally Posted by Andrewcoja

I said this in the other thread but it's an insurance thing. You get it in case something bad enough happens that costs a lot more than what the warranty costs. And there's a difference between a manufacturer extended warranty and a shady third party one. Third party warranties have a lot of caveats stipulations and they try to get out of paying any claim you make by finding something you did (or didn't do) that violates their terms. Though for some of them, the terms are just to maintain your car extremely well which is good for you as well as them.

It all comes down to if you can afford to eat the cost of the warranty for the peace of mind that you aren't going to be even deeper in the hole later. Not saying you have to get it, but if you want to keep your car a long time and aren't mechanically inclined, it's not the worst decision ever.

Well said.