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.
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cost of maintenance
If your automobile is dependable and maintenance costs are reasonable, a BMW extended warranty might not be worthwhile even after the manufacturer guarantee ends.
But as every owner of a BMW knows, maintaining a BMW is exceptionally expensive. BMWs are expensive luxury vehicles, therefore repairs can be pricey. According to RepairPal, a BMW costs $968 on average each year to repair. Depending on the exact model, this price changes.
Common BMW issues and the associated costs of repairs include:
- Replacement cost for a brake master cylinder: $471 to $722
- Replacement cost for an air conditioner’s compressor: $4,350 to $4,665
- Replacement of a wheel hub: $352 to $413
- Replacement of an AC evaporator: $1,518 to $1,744
The majority of BMW automobiles receive a dependability rating from RepairPal between 2.0 and 3.0 out of 5.0. In particular, the BMW X5, X3, 750Li, and 335d receive poor marks. Even among BMW models, the 335d has a high average annual repair cost of $1,113.
Compare the cost of an extended warranty against the repair costs for your specific BMW model. Even if the only benefit of a car protection plan is peace of mind, knowing this will help you assess its potential value.
Final Verdict: BMW Extended Warranty
Given the high maintenance costs of BMW automobiles, an extended warranty is more likely to be valuable. However, BMW extended warranty agreements must be obtained at the same time as your new BMW and are pricey.
We advise clients searching for BMW extended warranty coverage to compare prices and features from independent companies like Endurance in addition to the manufacturer. Below, you can request free quotations from a handful of the best vehicle warranty companies.
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.
Reviews of BMW Extended Warranties
Your car can receive additional security through a BMW extended warranty for up to 75,000 or 100,000 kilometres. While third-party bumper-to-bumper warranties and BMW’s Platinum coverage are identical, you might be able to negotiate a lower deal and a longer duration with an aftermarket provider.
The other benefits, including as rental coverage, trip interruption, roadside assistance, and towing, may also be more durable than anything provided by this particular manufacturer. BMW’s extended warranty is ultimately only average compared to other automakers’ warranties, which provide greater coverage and further advantages.
Because of its higher pricing and shorter coverage durations compared to other manufacturing warranties, what BMW is offering is ultimately quite constrained when compared to other manufacturer-backed extended warranties. Although buying an extended warranty for your car might be worthwhile, we don’t think spending money on a warranty straight from BMW is. You should be able to acquire aftermarket insurance that offers a comparable level of protection and is less expensive, more durable, and flexible.
How much is the BMW extended 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.
Can I subsequently purchase a BMW extended warranty?
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.
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.
BMW’s extended warranty lasts for how long?
Extended Warranties for BMW A BMW Extended Warranty ensures that all repairs are made by BMW Certified Technicians using BMW Replacement Parts and can extend protection for up to 7 years or 100,000 miles beyond the manufacturer warranty. It also includes 24/7 roadside assistance.
What is covered by the BMW extended maintenance warranty?
As a component of the BMW Ultimate Protection Program, BMW of North America refers to its extended warranties as BMW Extended Service Contracts. Beyond what BMW owners of new, used, or certified pre-owned (CPO) vehicles receive under their original warranty, this protection is maintained. You can extend your coverage from the date of in-service for a maximum of seven years or 100,000 miles, whichever comes first.
Only repairs and replacements resulting from flaws in the material or workmanship are covered by the dealership’s extended warranties for BMW; typical wear-and-tear breakdowns are not covered.
The three BMW extended warranty programs are Powertrain Plus, Platinum, and Gold.
applicable to all three plans: Repairs are carried out by certified BMW technicians at authorized BMW facilities using only 100% genuine BMW parts. Also included is 24-hour roadside assistance.
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.
Does the extended warranty for BMW include oil changes?
Factory Warranty for BMW Scheduled maintenance is included in the BMW Ultimate Care for three years or 36,000 miles (non-transferable). It also includes factory-recommended services like spark plug replacements, brake fluid changes, oil changes, and more, in addition to the BMW warranty coverage.
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 BMW warranty valid for the transmission?
Any material or workmanship flaws are covered by the New Vehicle Limited Guarantee for the duration of the warranty. Additionally, the Powertrain Warranty also covers issues with the engine, transmission, or drivetrain.
How long is the warranty on a BMW battery?
Considering that all replacement BMW batteries are covered by a two-year/unlimited-mileage warranty*, it only makes sense to select dependable genuine equipment.
What is covered by the BMW bumper-to-bumper warranty?
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.
Why does BMW servicing cost so much?
Yes, BMW servicing is more expensive than many other manufacturers, whether they are premium or not, once the warranty expires. Over a ten-year period, a BMW may cost $12,000 more to maintain than a Toyota and $5,000 more than a Mercedes-Benz.
Because it’s a German car with specialized parts and technology, maintaining a BMW is pricey. It’s not merely a car to get people from point A to point B; it was designed for driving aficionados. 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.
Additionally, the Digital Motor Electronics (DME) system in cars connects countless sensors and controls. A BMW may require a sophisticated method for a simple repair on another vehicle, which increases labor expenses.
Yes, a 3-Series BMW requires pricey maintenance once the manufacturer or certified pre-owned warranty has expired. A used BMW 3-Series typically costs $1,000 to $1,700 per year in maintenance and repairs.
A BMW 328i oil change can cost between $149 and $174, according to RepairPal. Nevertheless, depending on your area and BMW model, you can pay more than that.
Do oil changes included with the BMW warranty?
Model year 2017 and newer certified pre-owned BMW vehicles include a guarantee that covers certain regular maintenance items for the first three years or 36,000 miles. Oil changes, spark plug replacements, vehicle inspections, engine and cabin air filter replacements, among other services, are included.