Although the Automaker doesn’t provide much information about the costs of particular BMW extended warranty options, numerous customers have shared their costs in online customer evaluations. BMW enthusiasts have revealed paying the following for their extended warranty plans on brand forums:
- For an extra year and 25,000 miles of Powertrain Plus coverage, the BMW Powertrain Plus Warranty costs about $2,000.
- Cost of the BMW Gold Warranty: $3,500 for a 7-year, 75,000-mile Gold warranty.
- Cost of the BMW Platinum Warranty: A three-year Platinum BMW Extended Service Contract costs over $7,000; a five-year, 100,000-mile Platinum Contract costs as much as $6,500.
We examined every significant warranty provider in terms of coverage, cost, and other factors. Here are the suggestions we have.
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The price of the extended warranty for BMW
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.
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.
Companies with Featured Extended Warranties
BMWs can be pricey to maintain because they are premium automobiles. This makes a BMW extended warranty an appealing choice since it provides drivers with the assurance that their finances will be safeguarded in the case of a significant breakdown. But does BMW really give its cars the best protection?
In this analysis, we’ll examine BMW’s factory warranty, typical maintenance expenses, and extended warranty fees and coverage in more detail. We’ll also compare BMW to one of the greatest extended auto warranty providers in the business.
You must make contact with a nearby dealership to request a price for a BMW extended warranty. Get free quotes from a few top suppliers and compare prices to find out how much a third-party protection plan might cost you.
How much is an extended warranty for a BMW?
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.
Can I purchase a longer warranty for a used BMW?
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.
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.
Is labor included in the BMW extended warranty?
We comprehend! To make matters worse, those estimates were made a few years ago, and since then, the cost of auto repairs has only increased further. F
You are currently only considering ordering a BMW extended warranty through Endurance.
Unfortunately, we are unable to sell you an extended warranty because only BMW itself is authorized to do so. However, we CAN sell you a car service agreement. This service contract will cover parts, labor, and taxes for repairs in the same way that a BMW extended warranty would.
You see, a service plan must originate from the manufacturer in order to be referred to as a warranty. As a result, everything marketed as a “BMW extended warranty” would have to be created and sold by BMW. BMW calls its offering “BMW Extended Vehicle Protection,” not “BMW Extended Vehicle Protection,” nevertheless.
How long is the BMW warranty good for?
The New BMW Limited Warranty Covers What? You are covered against manufacturing-related flaws in materials or workmanship when you buy a new car from BMW. This warranty period lasts for four years or 50,000 miles, whichever comes first, and it begins on the day the new car is sold.
Brakes are covered by the BMW extended warranty?
If your automobile experiences a technical failure, a BMW extended warranty may be able to give you additional peace of mind. Drivers have the option of purchasing extended warranty coverage from a third party or from a dealership. However, it’s crucial to take into account your financial situation and the dependability of your car.
Information on the cost of extended warranty coverage is not provided by BMW. The dealership from whom you acquire coverage, your location, the mileage of your car, and the selected plan type will all affect the cost.
BMW extended warranties are available from both dealerships and independent warranty providers. Only when your initial factory warranty has expired can you purchase BMW extended warranty options from dealerships.
Brake pads and wiper blades, which are subject to typical wear and use, are not covered by BMW extended car warranties. Tire rotations and oil changes, two common BMW maintenance requirements, are also not included.
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.
Is the extended service contract for a BMW worth it?
In comparison to maintenance from independent repair shops, the BMW maintenance plan typically costs more. It might not be worthwhile if you drive fewer than 15,000 miles annually, which is the national average. However, if you use your car a lot, the maintenance plan might be more beneficial.
Do extended warranties merit the cost?
Extended warranties are often “a lousy value” when it comes to the overall cost of your car, according to Gillis. 55% of consumers who bought an extended warranty in a Consumer Reports poll never used it. Most people who used the guarantee ended up spending more on repairs than they had originally saved.
Additional negatives include:
- Overlap: If you already have coverage from the manufacturer’s warranty or a mechanical breakdown insurance policy, you may not need the extended warranty. In that situation, according to Gillis, “the extra coverage is not worth the premium.”
- Exclusions: The fine language in every contract outlines how the warranty may be applied. For instance, the provider can refuse to pay for issues brought on by regular wear and tear or lower the claim settlement in light of your car’s depreciation.
- A percentage of the repair expense may be covered by some extended warranties. The remainder, along with a deductible, is your responsibility.
- Limitations: You might need to bring your automobile to a repair facility that has been approved by the warranty instead of choosing your own technician.
- A Consumer Reports poll found that 55% of those who purchased extended warranties never used them.
Can you get an extended warranty later on?
Even after the manufacturer’s warranty expires, you can purchase an extended warranty, albeit the cost will increase significantly.
Does the BMW warranty cover an oil change?
One of the most thorough maintenance programs in its class, the BMW Maintenance Program includes all factory-recommended maintenance, oil and fluid services, as well as the repair of parts that become worn out over time, like brake pads, brake rotors, and wiper blade inserts.
What is covered by the bumper-to-bumper warranty for BMW?
Complete Protection BMW provides a single, all-inclusive warranty that covers the vehicle from bumper to bumper and lasts for four years or 50,000 miles. The warranty’s coverage encompasses practically all of a car, much like a standard limited warranty, because of its wide breadth.
Is a BMW expensive to maintain?
Remove the Band-Aid now. Every 10,000 miles, BMW owners may anticipate paying between $150 and $400 per service. A significant service may cost up to $3,000 or more. In the end, owners spend more on maintenance and repairs than most brands, between $1,000 and $1,700 annually.
You may always purchase an extended warranty, either directly from BMW or through a third-party service contract, if you’re concerned about future ownership costs. Standard BMW maintenance expenditures are not covered by a car warranty, but it will cover pricey items that are more prone to break over time.
We’ve combed the market and selected a handful of the top third-party extended vehicle warranty companies because there are many possibilities for extended coverage. These are businesses who did well in regards to things like price, standing, and customer support.
To help you reduce your out-of-pocket vehicle ownership costs, compare the best BMW extended warranty packages above.
Does the BMW warranty cover a tire with a nail?
The BMW Tire & Wheel Protection program offers coverage in the event that metal, nails, glass, debris, potholes, blowouts, etc. cause damage to your tires or wheels (excluding cosmetic damage). You can select a plan that provides coverage for your car for up to five years.
Water pump coverage under BMW warranty?
Powertrain: The items that mechanically propel your car are covered by the warranty. Engine: The engine block, control module, and water pump are all covered.
Why is maintaining a BMW so expensive?
Because it’s a German car with specialized parts and technology, maintaining a BMW is pricey. BMW is not only a vehicle to move passengers from point A to point B; it is designed for driving aficionados. BMW’s advanced technology calls a specialized certification to be repaired correctly. A skilled BMW mechanic will possess the knowledge necessary for a thorough and effective repair.
A $400 battery replacement, for instance, might be necessary because the mechanic must register the battery with the engine control module. If not, the battery risk of an early demise since the vehicle won’t “know” how to charge it.
What does a BMW oil change cost?
How much does a BMW oil change cost? BMW oil changes typically cost between $135 and $175, with parts and fluids accounting for roughly $90 to $110 of that total and labor making up the remaining percentage.