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BMW 5-Series Extended Warranties

50 messages,  Last post on Oct 11, 2009 at 6:10 PM

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What is this discussion about? BMW 5 Series, Car Warranties, Sedan, Wagon

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#46 of 50 Re: vehicle protection plan-worthy it? [jjwatva] by 530ir1150r Dec 14, 2008 (7:49 pm)
Replying to: jjwatva (Dec 14, 2008 4:59 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 50 Extended Service Maintenance by mike195 Jan 09, 2009 (9:03 am)
Hi guys,   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!
#48 of 50 by gardis Jan 10, 2009 (7:09 am)
Mike, 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 50 Re: 2001 BWM 530 warranty question [shipo] by danclaw Oct 11, 2009 (6:10 pm)
Replying to: shipo (Mar 01, 2008 12:40 pm) Yeah, this response is a year and a half later...   However...   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.

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