Last post on Oct 26, 2010 at 7:35 PM
You are in the BMW 3-Series
What is this discussion about?
Certified Used (CPO), Car Warranties, Sedan
#48 of 57 Re: CPO and Extended Warranty [kyfdx]
Aug 14, 2010 (8:09 am)
Sorry for the confusion. In-service date was Dec 2006 as you just thought..so my 6y/100k will expire in max dec 2012. So does that mean that no matter my miles are less than 100K I'll be out of all the warranty in 2012??
So should i go for extended maintenance plan of around $2300 that dealer is offering me?? is that worth or overpriced specially for my case??
#49 of 57 Re: CPO and Extended Warranty [bimmer_2007]
by kyfdx@Edmunds HOST
Aug 14, 2010 (9:14 am)
That's exactly it... You'll be out of warranty and/or maintenance in Dec, 2012, no matter what mileage you have...
So, you'll probably get the 60K mile Inspection II ($800-$1000?), and the 75K oil service ($150-$200?) and that's it, unless you need suspension bushings or brakes, etc... that's from the maintenance plan..
The extended warranty? Same thing... you'll get until DEC, 2012.. which will be approx 80K miles..
If that's as long as you'll keep the car, I'd put that $5K in the bank, and take my chances... You might come out ahead, even, or behind... who knows... but, on average, I'd think you would come out ahead...
#50 of 57 Re: CPO and Extended Warranty [kyfdx]
Aug 14, 2010 (9:27 am)
but my rear brake pads are due in another 8k miles and front in 14k miles.And that wont be covered as i'll be Out of 50k maintenance..
#51 of 57 Re: CPO and Extended Warranty [bimmer_2007]
by kyfdx@Edmunds HOST
Aug 14, 2010 (9:36 am)
Well... there you go, then... the maintenance might be worth it, if you are sure you'll need brakes... I'm guessing the front and rears on a new 5-series would be at least $1000 total..
For some people, they are going to the dealer for service, no matter what... In that case, the plan will likely pay off.. If you are the kind of person that will use an independent repair shop, then you can save a lot of money... but, they usually don't offer loaners, etc...
#52 of 57 Re: CPO and Extended Warranty [kyfdx]
Aug 14, 2010 (10:38 am)
Yes..actually front/rear would cost me $1500 atleast as per dealer..so better i buy that extended maintenance..will try and negotiate with him as i heard something new... like coverage till 200k..not sure what that was.will update you if i find something interrsting.
#53 of 57 Extend Warranty
Oct 23, 2010 (7:42 am)
#54 of 57 Extend Warranty
Oct 23, 2010 (6:17 am)
Any recommendations on purchasing an extended service warranty? I purchased a 2004 325xi and the warranty is about to expire.
#55 of 57 Re: Extend Warranty [my_bmw1]
Oct 23, 2010 (7:42 am)
The only rational way to cover yourself is to "self insure". Simply take the $2,000 (or whatever you planned on spending on the warranty) and stash it somewhere (bank, CD, IRA, Safety Deposit Box, mattress; it make no matter these days). Then when you need maintenance on your car for a "covered repair" you draw down on your stash. Chances are extremly good that by the time you dispose of the car (or the mileage point where the warranty would have expired), you'll still be ahead of the game.
FWIW, I've opted to not buy a extended policy for any of my cars since 1989, and over that period my math shows that I'm about $11,000 ahead of where I would have been had I bought those policies. Have there been a few losses along the way? Yes. Has any one policy failed to at least break even? No; well, maybe. In one case the cost of the repairs I put into that car exceeded the cost of the extended warranty; that said, $2,600 of the repairs for that car occurred after the warranty expired, and as such, they wouldn't have been covered anyway. Said another way, I got a "free" transmission out of the deal.
#56 of 57 Extended Warranty at Dealer or Elsewhere?
Oct 25, 2010 (8:24 am)
I've been reserching extended warranties for my BMW, is it wiser to go through the dealer (and are those prices really negotiable) or keep researching elsewhere?
#57 of 57 Re: Extended Warranty at Dealer or Elsewhere? [my_bmw1]
Oct 26, 2010 (7:35 pm)
I followed the advice of no taking the extended warranty and rather "save" the money. This is my first bmw and so far I ma ahead of the game. I have a 325xi /03 with 165k and from my "2,000" budget I had spend about $1680 so far (included insurance).
I do about 5% of the repair myself and My Indy garage charges 75/hour and does not provide a loaner .
My advice: Check the car. If you happen to have access to the car's record check for any repair that looks like a partner. Then, plan for the worse case scenario and check to see if you could came out with some basic number. Ah make sure that both Inspection I & II has been done! Enjoy your car as much as you can as the maintenance cost of the ego of the Ultimate Driving Machine.