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Originally Posted by tock172
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Originally Posted by 10"
FYI a CarMax warranty is not comparable to most other aftermarket warranties. The original poster is not buying from CarMax as far as I can tell. CarMax is more like a CPO warranty whereas standard aftermarket warranties are a whole different game.
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I've had both CPO warranties from BMW and aftermarket service contracts from CarMax and other firms that offer similar coverage. Aftermarket coverage, through CarMax or elsewhere, is actually much more comprehensive than the CPO warranty. The only difference between a CarMax MaxCare warranty and the aftermarket type you can purchase from a dealer's finance department or your own bank or credit union is the name and cost. MaxCare coverage is typically less expensive because it is bundled with a higher priced car from CarMax. Otherwise, the contracts are nearly identical, no matter who they are coming from in terms of aftermarket providers, three of which sell coverage under the MaxCare name.
I actually addressed this in my article:
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The new warranty I just purchased for the other car isn't from CarMax, but the company who underwrites the contract is very similar to the three firms that sell coverage under the MaxCare name. The contract I signed is nearly identical to the previous one I had from CarMax, which means that the coverage is exclusionary: If the failed part or system isn't mentioned, it's covered.
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It's still not worth it for most 1M owners.
I have driven mine a lot and had no major issues that weren't covered by extended warranty (BMW service bulletins and company extended warranties)
A 1M aftermarket warranty is significantly more expensive than a NON-M car. All M cars are pricier to warranty...some even deemed non-warrantable by companies.
Most 1M owners don't put a lot of miles on their 1Ms