Last post on Oct 26, 2010 at 8:35 PM
You are in the BMW 3-Series
What is this discussion about?
Certified Used (CPO), Car Warranties, Sedan
#45 of 57 Re: CPO and Extended Warranty [bimmer_2007]
by kyfdx HOST
Aug 08, 2010 (9:02 am)
When does your CPO warranty expire? And, how many miles do you expect to have on the car by then.. That has a lot to do with the value of the extended maintenance.. If the 6yr/100K is up in September, 2012... then, it's worth less than if it's up in July, 2013... If you drive 10K/year, then it's worth less than if you drive 18K/year..
You don't say what model you have... That affects the price of the extended plan... But, for most models the spread between MSRP and dealer cost on the plan is $500... It isn't too hard to find a dealer willing to discount the plan by $200.. or even $300-$350.. And, you can buy the plan from any BMW dealer...
So, before I could give an opinion, need to know the warranty expiration date (or in-service date), and your annual expected mileage.... Also, what model did you buy?
#46 of 57 Re: CPO and Extended Warranty [kyfdx]
Aug 13, 2010 (7:00 pm)
I have 2007 525i..in service date was Dec 2007..Right now its almost 47K miles..and yearly it would be around 15K going forward as i see.
#47 of 57 Re: CPO and Extended Warranty [bimmer_2007]
by kyfdx HOST
Aug 14, 2010 (5:58 am)
Well.. at that rate, you'll get full value for the extended maintenance and warranty (in-service of Dec, 2007, not Dec, 2006?)... so, that tilts things in your favor...
But, I think the cost of the plans might still be prohibitive... I wouldn't want one plan without the other... If you get the extended warranty, it's going to be hard to save money, by servicing your vehicle at an independent... and, then taking it to the dealer only for warranty claims... If you buy just the maintenance plan, you'll have the opposite problem... They come up with a mechanical repair diagnosis while doing your maintenance, and you'll be stuck with dealership rates for that...
It's a dilemma... Hard to part with an extra $5K upfront, even if you can justify it on paper....
#48 of 57 Re: CPO and Extended Warranty [kyfdx]
Aug 14, 2010 (9:09 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 HOST
Aug 14, 2010 (10:14 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 (10:27 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 HOST
Aug 14, 2010 (10:36 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 (11:38 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 (8:42 am)
#54 of 57 Extend Warranty
Oct 23, 2010 (7:17 am)
Any recommendations on purchasing an extended service warranty? I purchased a 2004 325xi and the warranty is about to expire.