BMW extended warranties are an excellent method to defray the cost of major repairs. They start the moment your factory or manufacturer warranty expires. For new, used, or pre-owned BMWs, you can purchase an extended warranty via the dealership or from independent auto warranty providers like CARCHEX.
If you bought a new BMW, you probably paid significantly more than $35,000 for your luxury car. In addition to that cost, BMW owners may wind up shelling out hundreds or even thousands of dollars for upkeep and repairs. According to RepairPal, the average annual repair cost for a BMW is $968.
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BMW Extended Warranty Questions
If you want assurance that a range of repairs are covered because they can be expensive, especially later on, it may be worthwhile to purchase a BMW extended warranty. By choosing a third-party plan, you can also save money.
For a three-year Platinum plan, an extended warranty straight from BMW can cost up to $7,000. Third-party providers may offer less expensive alternatives with comparable coverage.
Until the factory warranty expires at 4 years/50,000 miles, you can purchase a BMW extended warranty at any time. Following that, BMW won’t allow you to purchase a car protection package. Third-party suppliers do still offer coverage, though.
Depending on the terms and coverage options you choose, an extended BMW X5 warranty might cost anywhere between $2,000 and $7,000. Get in touch with your neighborhood dealership for a precise price.
Depending on the finance manager you contact with at the dealership, a BMW extended warranty may be attainable. The price flexibility of a BMW dealership is not guaranteed, though.
With its restricted coverage on interior and exterior components, BMW’s Platinum extended warranty provides comprehensive coverage for 12 of the car’s systems.
What This Means for Owners of Used and CPO BMWs
The same options for an extended BMW warranty are available to owners of new and used cars.
CPO model users are restricted to the Platinum level plan, which is the most comprehensive and expensive choice. There are several term choices as well:
- Only one more year of coverage is available to CPO Elite members after their four-year limited warranty ends.
- Two more years of coverage are available to CPO members.
- Members of CPO Wrap and CPO Wrap Elite can choose an additional three years of coverage.
Remember that CPO BMWs come with the remaining New Vehicle Limited Warranty as well as an additional year of original warranty protection when choosing the length of your coverage.
Several Vital Points to Bear in Mind
It makes sense to think about your warranty options because your used BMW is likely an investment that you want to protect. Additionally, maintaining a BMW is notoriously pricey. The typical annual maintenance expense for a BMW is close to $1,000, claims one repair website. These are solid justifications for considering extending the warranty on your car. Here are some crucial factors to think about when you evaluate your options:
- The car must still be covered by the original factory warranty in order to be eligible for Platinum or Gold level coverage if you purchase an extended warranty from BMW. Otherwise, Powertrain Plus may be your only eligibility option.
- The standard wear and tear items like brake pads and filters are not covered by BMW’s factory guarantee. Additionally, this is true for their extended warranties.
- Even though your used BMW is no longer covered by the manufacturer’s warranty, third-party warranties can still apply. They might also increase the warranty’s duration or the number of miles covered.
- Only approved BMW facilities may service your vehicle in accordance with BMW’s warranties. This does ensure that it will be repaired by certified BMW mechanics using only BMW components.
- Since BMW is a reliable automaker, you may assume that they will remain operational for the duration of your warranty. A smaller company may offer you a better rate, but you may not have as much faith in their ability to remain in operation in five to ten years.
Yes, you can purchase a guarantee for your used BMW, and depending on how long you want to keep the vehicle and the cost of repairs, it can make sense. Since BMWs are often sturdy, dependable automobiles, there’s a decent probability that even your old car will function flawlessly for at least a few years. However, that guarantee can come in handy when you receive the bill if you need to take it to the shop for repairs.
Our goal at FIXD is to make owning a car as easy, simple, and affordable as we can. Our research team develops tools and resources to give drivers peace of mind and financial savings during the course of their vehicle using the most recent automotive data and insights.
Warranty for BMW Certified Pre-Owned Vehicles
You will receive an additional year of coverage and unlimited miles if you buy a certified pre-owned car from BMW in addition to the balance of the original 4 year/50,000 mile warranty that came with your car. A certified pre-owned warranty from BMW is a little less extensive than what is provided by other manufacturers when this level of coverage is taken into account. Roadside service from BMW is also included in this CPO warranty as travel insurance. You can also purchase additional BMW extended car protection.
How do I obtain an additional warranty on a pre-owned BMW?
I recently acquired a secondhand BMW. It runs flawlessly and has no visible cosmetic flaws. But whenever I purchase a used car, I always have some trepidation. How do I get an extended warranty for my pre-owned BMW?
In less than two minutes, find out if your auto insurance is being overcharged.
A used BMW extended warranty is available from either a BMW dealership or a third-party supplier. Everything depends on how you acquired the vehicle.
If you acquired the automobile from a BMW dealership, you may be eligible for an extended warranty. To find out if you can get one, contact the dealer. You might need to buy a third-party extended warranty if you bought the automobile from a private party. Just be sure that the business you select to acquire this warranty from is reliable.
Whether or not you choose to purchase the BMW extended warranty, downloading the Jerry app will always help you save money on future repairs. Simply respond to a few questions on your coverage requirements and compare quotes for BMW insurance to ensure you always get the best deal.
In just 45 seconds, Jerry, a reputable and authorized insurance broker, gathers quotes from more than 55 of the best insurers. Jerry can assist you with purchasing new insurance and canceling your old policy if you discover a fantastic deal. Users save more than $800 year on average.
Companies with Featured Extended Warranties
Only the first few years of ownership are covered by the BMW limited factory warranty. If your car breaks down after that and you don’t have a BMW extended warranty coverage, you might have to pay a substantial repair bill.
Your options for a BMW extended warranty, service options, pricing, and alternative plans are all explained in this article. The Home Media reviews team will then assess some of the most recognized extended auto warranty providers against BMW’s coverage.
BMW may provide a five-year warranty.
Despite mounting demand to extend its guarantee from three to five years, luxury manufacturer BMW stated in December 2019 that it has no intentions to do so. In less than six months, it would become the only widely used luxury emblem to not offer five-year coverage as a permanent feature or as a limited-time promotion.
How long is the warranty on secondhand BMWs?
We are aware that even though your BMW isn’t brand new, protection is still crucial. The 12-month BMW Approved Used Car Warranty is intended to safeguard your financial investment and lower the cost of owning a BMW. In the event of manufacturing flaws, the warranty offers 12-month coverage for your battery, exhaust system, and other components. You are protected against some of the unforeseen expenditures that could result from a MOT failure by the inclusion of BMW Roadside Assistance and MOT Protect coverage.
How can I tell whether my BMW is still under warranty?
Message the dealership The only reliable approach to determine your vehicle’s factory warranty if you cannot locate the VIN number is to contact or go to your neighborhood dealership. They can tell you exactly what is and is not covered, if anything at all, but they will require the VIN number to dig up the details.
What does a BMW warranty cost?
The primary concern you could have when choosing BMW extended warranty protection is whether the price is reasonable.
According to what we learned through our investigation, BMW Extended Service Contracts are somewhat pricey. A BMW extended warranty will cost you between $1,000 and $8,000 on average.
We located a BMW M4 owner who received a price for a five-year, 100,000-mile Platinum Plan for $6,500. The costs for the others were comparable.
We utilized the cost calculator for Cadillac’s Platinum Protection Plan to make a comparison. For a 2016 Cadillac ATS that is out of warranty, a five-year/60,000-mile contract would cost $3,750.60. As you could anticipate, the cost went up for older vehicles with more mileage.
How much does BMW’s warranty cost?
Cost of a BMW Extended Warranty A BMW extended warranty that is bought outright from a BMW dealership can cost between $1,000 and $1,5000 per year, with a $50 deductible for repairs covered by the BMW extended warranty, according to CARCHEX.
What kind of warranty does a BMW have?
No matter whether the vehicle is owned by the original or subsequent owners, the New BMW Warranty program offers a limited warranty against material or workmanship flaws that is good for four years or 50,000 miles (whichever comes first).
What nullifies the BMW warranty?
I want to change a couple things with my BMW. It is still covered under warranty at the moment, but I don’t want to unintentionally void it by performing any of these changes. Do certain modifications or other actions nullify a BMW warranty?
A modification that results in mistakes or issues with components of the automobile covered by the initial BMW warranty is the only thing that could void the warranty. For instance, if replacing the exhaust system or changing a turbocharger for a supercharger results in the failure of a covered component, the warranty may be nullified.
The guarantee wouldn’t be nullified, though, if you switched to larger wheels or tires, tinted your windows, or covered your taillights in black. The Magnuson-Moss Warranty Act of 1975 provides federal protection for warranties, so as long as you don’t harm other components, you should be fine to go.
What is not covered by the BMW warranty?
The new BMW guarantee does not cover components like brake pads and filters that experience typical wear and tear. Additionally, it won’t cover damages brought on by inappropriate use or sun damage.
What does a BMW warranty end check entail?
One of our BMW-trained experts will examine all of your car’s systems and parts during a free BMW End of Guarantee Check to look for any problems that are covered by the three-year BMW warranty.
Any warranty-covered repair work will be performed completely free of charge because the End of Warranty Check is completed before your BMW warranty coverage expires.
Any unfinished recalls will be completed at the same time as even the tiniest faults are resolved.
Finally, we will provide you a thorough video report of your car’s health inspection so you have a full understanding of the state of your BMW.