Is a BMW extended warranty worthwhile?
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.
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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.
Cost of a BMW Extended Service Contract
CARCHEX estimates that the annual cost of an extended warranty purchased straight from BMW will be between $1,000 and $1,500. Our analysis indicates that the total cost of an extended manufacturer’s warranty for a BMW will probably range from $3,500 to $6,000. Regardless of the BMW extended warranty coverage plan you select, you’ll receive 24-hour roadside assistance and have the option of a $0 or $50 deductible for covered expenses. These repairs must be carried out by a BMW Authorized dealer for you to be covered.
Cost of BMW Extended Warranty 2021
Your precise level of coverage will determine how much your BMW extended warranty will cost; the more systems and components it covers, the more it will cost. However, instead of filling you with fear while taking your automobile to the mechanic, this monthly payment can provide you peace of mind.
A manufacturer-provided extended warranty will set you back between $1,000 and $1,500. The cost of the BMW extended warranty may also be folded into your auto payment, which means that you may really be paying interest on it. Your choice of deductible may also affect how much a BMW extended car protection plan costs.
What Is Covered By A BMW Extended Warranty?
When you acquire a new BMW, you have the option of adding an extended warranty. BMW offers three different levels of warranty protection, with lengths of up to 7 years or 100,000 miles.
What each BMW extended warranty plan includes is as follows:
- Platinum: Excludes a small number of important mechanical and electrical car items from coverage.
- Various levels of coverage for the engine, gearbox, drive assembly, electrical system, cooling system, and fuel system are included in Powertrain Plus.
Every plan has a number of exclusions, which are typical of most extended auto warranties. The following items are excluded:
- Upholstery
- Waxed cloth
- Glass
- Bumpers
- outside trim
- Tires
- Wheels
- footwear and brake pads
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.
Options for an extended warranty on used BMWs:
In addition, BMW offers Powertrain Plus as another alternative for drivers whose cars are no longer protected by the original manufacturer’s warranty and who want to extend their warranty protection.
Additionally, the enrolled vehicle must be less than seven years old and have less than 80,000 miles on its odometer at the time coverage is purchased in order to be eligible.
If a BMW owner satisfies these two conditions, they may choose one of the following three service terms:
- 12,000 kilometers or 12 months
- 24,000 miles or 24 months
- 36,000 miles or 36 months
In addition to the three extra programs offered by BMW, drivers who choose to purchase a BMW Extended Warranty and whose vehicles are still covered by an original manufacturer’s warranty are invited to take part in the prior plans mentioned above.
These are listed below:
- 100,000 kilometers or five years
- 100,000 kilometers or six years
- 70k miles or 7 years
- 100,000 kilometers or 7 years
Please take note that the mileage and time requirements listed above for vehicles still covered by the original factory warranty are determined using the vehicle’s initial in-service date and starting from zero instead of the reading obtained at the time the vehicle was signed up for the extended warranty program.
For instance, the contract expiration date for a new automobile acquired on 3/21/2014 and enrolled in the 6-year/100,000-mile Extended Warranty Program will be 3/20/2020 or when the vehicle reaches 100,000 miles, whichever comes first.
We emphasize this because a lot of drivers mistakenly believe their warranty coverage starts with the first repair visit, which is incorrect.
It should be noted that a $50 service visit deductible applies to all BMW warranties, including factory coverage for new cars and all extended warranties that BMW provides.
Every outstanding Certified Pre-Owned BMW includes a protection plan made to provide you with the utmost peace of mind.
On a used BMW, is an extended warranty available?
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.
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.
How can I get a longer warranty?
A dealership or a third-party warranty provider that specializes in extended vehicle protection are two places where you can get an extended warranty.
- Dealership extended warranties can be bought straight from an automaker or dealership. The fine print of some dealer warranties may prohibit you from using mechanics outside of their own facility. Additionally, they might demand that you only use OEM (original equipment manufacturer) components.
- To accommodate various needs and price ranges, third-party warranty providers provide a wide range of extended warranty alternatives. Vehicle protection plans and servicing agreements are available from providers like CARCHEX for many different vehicle makes and models.
BMW offers warranties for sale.
Extended Warranty Protection for BMW You are covered by the BMW new car warranty for four years or 50,000 miles (whichever comes first). What occurs, though, after the new car warranty on your BMW expires? A BMW extended warranty can be purchased.
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.
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.
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.
Can I get a warranty for my current vehicle?
The simple answer is that you can typically acquire a used automobile warranty after you’ve made a purchase, but there are a few considerations. There are a lot of questions you can have regarding the procedure even if you can acquire an extended warranty for your used automobile or vehicle after the date of purchase.
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.
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.