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.
In This Article...
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.
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.
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.
Overview of the BMW extended warranty
All three levels of BMW’s extended warranty protection must be acquired prior to the end of your vehicle’s original factory warranty. Here is a list of the car service agreements that BMW customers can choose from:
Any extended vehicle warranty option may be extended for a total of seven years or 100,000 miles from the time it was first put into service. As a result, you will only receive an additional 3 years/50,000 miles of coverage after the factory warranty expires. This period also covers the new car limited warranty.
The $50 deductible for each of the three levels of coverage for BMW extended vehicle protection must be paid at the time of the covered repair. At authorized BMW repair facilities, only authentic BMW parts are used in all repairs. BMW extended warranty protection can be transferred by drivers, however certified pre-owned (CPO) car owners must pay a $200 transfer charge.
Is a BMW Extended Warranty worthwhile?
Yes, almost usually. An extended warranty would probably save you thousands of dollars if you want to retain the automobile for a long time. Driving a BMW for a year often costs between $1,000 and $1,700. That will cost you a lot more than the majority of extended warranties will, especially over a prolonged length of time. Additionally, it is clear that a BMW Extended Warranty is necessary when you realize that a fuel pump repair can cost anywhere from $1500 to $2750.
Are you in need of extended warranty protection?
If you want to buy extended warranty protection for your BMW, you need first decide if you actually need it. A manufacturer’s original warranty is included with each new BMW. If a used BMW is BMW Certified Pre-Owned, it may also come with a warranty. As a result, purchasing an extended auto warranty is typically unnecessary until the original warranty has run its course.
For vehicles of the BMW X series, the factory warranty covers:
- New Vehicle Warranty: 4 years/50,000 miles
- Warranty against rust perforation: 12 years/unlimited miles
- Federal Emissions Warranty: Specific control devices for 8 years/80,000 miles; emissions-related parts for 2 years/24,000 miles.
A typical bumper-to-bumper warranty applies to the BMW new car limited warranty. It guarantees to cover all covered repairs for the engine, powertrain, and the majority of mechanical systems. You might want to think about getting an extended auto warranty when your new car warranty expires.
Compared to CPO guarantees provided by other manufacturers, the dealer’s certified pre-owned warranty from BMW is a little less generous. For used cars, it only adds a further year and unlimited miles to the new vehicle guarantee.
Does BMW provide warranties for secondhand vehicles?
Is the BMW I purchased used under warranty? Beyond the regular manufacturer guarantee of 4 years or 50,000 miles, every certified pre-owned BMW is covered for an additional year and unlimited kilometers. Certified pre-owned vehicles are also eligible for the BMW Extended Warranty programs
What is the price of an extended BMW warranty?
For three years of protection, a BMW extended warranty runs about $3,000, though rates vary based on the level of coverage and the condition of the pre-owned vehicle. The price of a BMW on a three-year platinum plan can reach $7,000 Year can discover more affordable costs for comparable coverage from outside providers.
Does the BMW warranty apply to all dealerships?
You ought should be able to bring your BMW to ANY dealership for warranty repairs. It makes absolutely no difference where you purchased it. You should seek out a different dealer if your neighborhood service facility (dealer) informs you that they will treat you differently since you purchased your automobile elsewhere.
How long is the warranty on a used BMW?
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.
Brakes are covered by the BMW extended warranty?
Brake pads, brake rotors, and wiper blade inserts are a few other particular items that require replacement due to normal wear and tear but are not covered by the original New Vehicle Limited Warranty, provided that wear and tear exceeds BMW wear restrictions.
Is there a lifetime warranty for BMW?
As long as you own your car, you are covered. You are covered FOREVER as long as you carry out the routine maintenance specified in your Warranty Forever(r) agreement.
What does the BMW warranty not cover?
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.
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 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?
In less than two minutes, find out if your auto insurance is being overcharged.
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.
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.
Can you get an extended warranty later on?
Although waiting until the original factory coverage has ended will typically result in paying a higher premium rate, you can get an extended auto warranty at any time. Near the conclusion of the initial warranty period might be the best time to buy. You can then start looking around to see what kinds of coverage and prices are offered for the year and model of your car. This will enable you to compare different policies on the basis of one another. However, it’s crucial that you make a thoughtful decision about where to get an extended warranty policy. Despite the wide range of options, many won’t likely satisfy your needs for a dependable warranty provider. The standard fine language in these contracts ensures that your policy isn’t worth more than the paper it’s printed on. Avoid these businesses at all costs and choose one that is reputable and reliable instead!
The things that fall within each third-party provider’s guarantee for repair will vary. Make sure the type of coverage you select will meet the needs of your vehicle and your budget because there are many different levels of coverage available. A hefty repair bill could occur from purchasing insufficient coverage, which could leave out certain components and parts. If something were to happen, you want to know that you would be completely protected. On the other hand, purchasing excessive insurance may not be the best course of action. Verify the policy’s inclusions to be sure. Ask your vehicle protection specialist if there are any other coverage plans that would better suit your needs if you see that the majority of the parts or components listed do not even pertain to your car.
Check out the list of excluded items, which are things that are not covered. The finest protection, often referred to as a “bumper-to-bumper auto warranty,” is fully comprehensive coverage, but we want to make sure you know that it is also the most expensive. The majority of drivers are aware, however, from their auto insurance bills that the more coverage you add to your car, the more it will cost you. But even the most complete coverage is useless if you purchase it from a shady business. Your insurance won’t be legitimate if the warranty is being covered by a business that might cease operations in a month or a year, costing you a sizable sum of money. Any firm you are thinking about should have a solid financial history and a good reputation for settling claims. Additionally, inquire about the company’s BBB rating and Vehicle Protection Association certification while you’re there. When selecting a protection plan from one of the top extended auto warranty providers, keep these two things in mind.