Last post on Dec 22, 2012 at 1:26 PM
You are in the BMW 5-Series
What is this discussion about?
BMW 5 Series, Car Warranties, Sedan, Wagon
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.
#53 of 58 Warranty Direct Extended warranty
Jan 20, 2010 (8:52 pm)
I am planning on getting a 08 528i with 24k miles from a non BMW dealer and was wondering when is the best time to get a extended warranty. I know the longer we wait the more expensive it can get. I do have a quote from warranty direct and wanted to know more about this company and its experience from this forums many experienced BMW owners. So, I would like to get any feedback if possible. Also, is it better to wait to buy extended warranty just before it ends or better to get it when the car is just 2 years old. Any info is greatly appreciated.
#54 of 58 Extended warranty for 2008 535i
Apr 07, 2011 (12:53 pm)
#55 of 58 Extended warranty for 2008 535i
Apr 07, 2011 (12:53 pm)
My new vehicle warranty will end within the next couple of month (I am currently at 47500 miles into my 3rd year). I am wondering if it makes sense to purchase a bumper to bumper warranty (both maintenance plus mechanical plans) or just maintenance plan alone hoping no major problem will occur before I sell it (I usually keep my car for 5 years). I was given a quote of $2295 for 5yr/100,000 on the maintenance plan and $3340 for 5yr/100,000 on the mechanical plan. So together would be $5635 to keep my car and piece of mind for another 2 years and 2 months.
Anyone has any thoughts or advice? I welcome all your inputs and will make my decisions soon. I live in Los Angeles area.