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Sedans BMW 3-Series Buying a Used 3-Series
455 messages, Last post on Oct 16, 2009 at 6:36 PM
You are in the BMW 3-Series Forum. Your Hosts are pat & karens
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Replying to: adag (Jan 14, 2009 8:27 am) For one, anything that makes a lot money for the company has to be a bad deal for the consumer. Second, the extended warranties I've looked at tend to have lots of caveats and exceptions, such as: 1. Vehicle must be serviced by the dealer (pricey). 2. Normal wear-and-tear items (brakes) are excluded". 3. There's usually a deductible (per visit?, or per incident?). That said, there are people who have made out with such a policy. Friend of mine saved several thousand dollars when the tranny in his GMC Yukon had to be replaced at the 60,000 mile mark. But, that's a GMC Yukon - not an Acura. IMO, just put the money you would spend on the extended warranty aside (maybe buy some GM stock with it  ), ready for use should the need arise.
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Replying to: srs_49 (Jan 14, 2009 10:01 am) |
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Replying to: srs_49 (Jan 14, 2009 10:01 am) Look at it this way... some folks here have said they budget $100-150 a month for repairs. Over, say, eight years that's $10-14,000. An extended warranty for that period costs how much? I just got one on a used Jetta for $1900 (8 years bumper-to-bumper). On a BMW it would likely be more. Added a few bucks to my monthly payment. I'd rather have predictable costs for repairs over the lifetime of a car than unpredictable and possible very large costs. Not for everyone, but it works for me.
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Replying to: backy (Jan 14, 2009 11:28 am) On my '87 BMW that I bought used back in 1999, I've spent $~5,400 in repairs and maintenance (tires included). That's $45/month, with me doing a lot of the work myself. I look at insurance (which is what an extended warranty is) to protect me against a catastrophic financial loss - house burning down, I total someone's big Mercedes; loss of life, that sort of thing. I don't need it to cover replacing wiper blades or brake pads on my vehicle. Even a clutch or tranny repair I can cover, if it comes up. But, like you said, what works for some doesn't for others.
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Replying to: srs_49 (Jan 14, 2009 12:38 pm)
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Looking to sell my blue metallic 2003 325i w/ 116k miles on it (~$36k msrp when new). Been a great car but unfortunately it is time to sell it and get a family car with a little one on the way. It's in great shape, with all routine oil changes and tune ups done. No accidents and only one small defect to body underneath grill in an unnoticeable location. 1 owner w/ mostly highway miles. Avg. mpg since owning it has been 25.7 mpg. Leather, premium package, cold weather package. Just installed new window regulators in 2008 and put on new tires in late summer 2007. I'll be taking some pictures over the next week if anyone is interested and am willing to sell it at a nice discount to KBB ($9k) since trading it in only gets me $6-$7k. Located in New England. Take care. |
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Purchased a 2006xit wagon with premium package, sport package and cold weather package with 34,000 mi for $27,500. This is a CPO 0.9% financing for 60 months. BMW to make first two months payments. We still have not taken delivery due to the fact one of the heated washers for the headlights was damaged during detailing and the part needed to be ordered...sounds a bit fishy. There are so few of these vehicles out there..just trying to make sure we didn't get ripped off too bad before taking delivery. If the dealer keeps giving us the runaround can we say no to the deal? No money down and no trade involved. Thanks for any input. |
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Replying to: backy (Jan 14, 2009 1:46 pm) And I don't worry about automatic transmissions on BMW's because I won't own one with an automatic. So for me, an extended warranty makes no financial sense. I understand about the -5 F in the garage. My son is in Rochester, MN, and he hasn't felt like crawling under his cars since Thanksgiving!
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Replying to: srs_49 (Jan 15, 2009 9:20 am) Trannies aren't the only expensive things on 3 Series that can break.
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Replying to: backy (Jan 15, 2009 8:13 pm) That's especially true when you walk into a dealer who charges outrageous prices, throw them your credit card, and grab you ankles. Happens EVERY time... |
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