Last post on Dec 22, 2012 at 1:26 PM
You are in the BMW 5-Series
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BMW 5 Series, Car Warranties, Sedan, Wagon
#43 of 58 Old Republic Extended Warranty
Oct 21, 2008 (7:31 am)
I am looking to buy a 2005 545i with 45K and plan to buy an extended warranty. The non-BMW dealer that has this car offered an extended warranty (not sure of the company offering this warranty) for $2600.
My credit union also offers an extended warranty from Old Republic and I was wondering if anyone has any experience with this warranty company. I cannot find much reviews about this program online... is there any specific forum for such information.
Quote was $1651 for 4yrs/75k & $0 deductible
#44 of 58 Full list of available extended warranties??
Oct 21, 2008 (9:22 pm)
Please help me!
I am purchasing a 7 series used,deciding between CPO and from a 3rd party / dealer.
I am looking for the best deal, and found that CPO rarely covers the full car, + it has a deductible!
I am looking for a full list of available extended warranty companies out there which I can purchase warranty from:
It seems Geico includes warranty?? 250 deductible?
What is Zurich? How much is their warranty? Can I purchase it myself?
Does Costco insurance include warranty? AAA? State Farm? Allstate??
I see CarMax offers insurance, I need to see how much$$
Please help with some extended warranty companies to cover my 7 series! Please note I am posting here because nobody is responding in 7series forums
#45 of 58 vehicle protection plan-worthy it?
Dec 14, 2008 (4:59 pm)
Hi, guys: I am first time BMW owner. I just bought a 2009 BMW 528i for $48,500. the dealer rec extended warranty (7 yrs/100,000 miles) for $2550 to cover major breakdown. Is this worthy it?
What about road hazard tire plan for $950 to cover tire repair, auto armor plan for $795 to cover body, and key replacement plan for $199.
please help me out, thanks in advance.
#46 of 58 Re: vehicle protection plan-worthy it? [jjwatva]
Dec 14, 2008 (7:49 pm)
I track my expenses and paid $1400 for repairs that would have been covered by extended warranties and maintenance plans. Also, consider they are essentially insurance policies and have profits and commissions included in the price. The average customer will lose money on the deal.
#47 of 58 Extended Service Maintenance
Jan 09, 2009 (9:03 am)
I own a 2006 525i and it's currently under BMW service maintenance plan. I'm thinking about extending the service maintenance and the cheapest I have been offered is for $1900 (6yrs/100,000miles - whichever comes first). Is this worth buying for the price quoted? Please advice!
Jan 10, 2009 (7:09 am)
I'm by far not an expert at all. I have a 96 328i that I got through the CPO program in 1999. The car has been off warranty for quite awhile. I have kept it up, I had the major service at 60K miles and I replaced a water pump at 96K miles. Normal servicing, brake job, oil changes since.
Your car probably went into service in 2005 the way BMW figures it, and add the 6 years to that which means your full warranty lasts until 2011. Service warranty runs out 2009 sometime, right? Why are you thinking about an extended if you still have two years on the major warranty? Also, what does it say about BMW reliability if we have to spend $2000 on an extended warranty, you mean to tell me that you would spend $2000 over the course of two years on repairs? Also, what time period is involved in the 6 years you need to be more clear on that. You mean 6 years from today? Please clarify. Again, I'm certainly no expert there are far more experts on this forum who would probably know. But it's a judgement call. I wouldn't do it personally, that's a lot of money for only maybe needing the coverage. I mean, my water pump job cost me $850 at the dealer, and that's with changing all the belts at the same time.
#49 of 58 Re: 2001 BWM 530 warranty question [shipo]
Oct 11, 2009 (6:10 pm)
Yeah, this response is a year and a half later...
That's some of the best advice I've read on the subject of reliability and warranties.
In my experience (sample size of one person), major repairs only come long after extended warranties have expired. Ie: 100k+ miles. Thus, the huge profit margin for these companies. They're selling security blankets.
Plus, your opinion reinforces my practice of fixing my own vehicles.
#51 of 58 I wouldn't buy United Auto Care warranty again!
Dec 21, 2009 (12:19 pm)
I bought their top-of-the-line extended warranty a year ago.
They fixed a couple of small things that came up, but I just paid $250 because they denied the claim on fixing my HEATER! It was a fan resistor that failed, and they don't cover that part.
Note the two ways they got me:
1. Although this was marketed to me as an "extended warranty," it's actually a promise to fix a very specific list of parts that might fail. So if your heating and a/c fails, it might or might not be because of a covered part, so they might or might not fix it.
I thought that "of course they'll cover a broken heater" but they referred back to the contract, pointed out that the "climate control fan resistor" is not listed in the contract, and denied my claim. So I have no legal recourse. But I can say that I feel misled, that it was my local BWM dealer that sold me this warranty, that I won't buy this warranty again, and finally that I'll reconsider my planned purchase of two new BMWs this year.
2. I called the customer service number and spoke to a live rep in a reasonable period of time. He referred to the contract and said that my claim was denied. When I told him I was not satisfied, he would not refer me to someone (e.g. manager) who could work with me and would not provide a direct dial number. So they did not provide a way for me to appeal or resolve my issue.
Bottom line, my experience has been THUMBS-DOWN!
#52 of 58 Re: I wouldn't buy United Auto Care warranty again! [pointfinder]
Dec 21, 2009 (12:59 pm)
As a general rule, you will not make out on an extended warranty (even if it's from a reputable company that honors both the letter and the "spirit" of the contract), and if you buy them for every car you own, you will virtually never make out on such warranties over the course of many cars. Case in point, I bought an extended warranty on a car I purchased in 1988, a warranty that cost more than what it actually provided in covered repairs. I learned.
Since then my wife and I have purchased eight new cars, some of which saw the 200,000 mile mark before we turned them over, and we didn't opt for a single extended warranty (and didn't spend some $15,000 on said warranties in the process). Over that same period of time we've yet to spend a total of $5,000 in unscheduled maintenance making for a savings of over $10,000. But wait, there's more! Of that four thousand dollars and change of unscheduled maintenance, $2,600 was caused by a transmission failure that happened 39,000 miles beyond the point where the extended warranty would have covered that particular failure, so in essence, I would have had to spend nearly $18,000 (the eight warranties plus the cost of the tranny) and gotten only about $2,000 in covered repairs from said warranties.
In the end, I'm over $16,000 ahead by self insuring.