A limited warranty is included with a new BMW purchase. Since it comes with the car, it differs from an extended warranty in that you are not acquiring additional protection under a new contract.
The BMW guarantee covers the price to repair or replace manufacturing material or workmanship flaws, similar to the majority of manufacturer car warranties. Here is a brief overview of the various warranties and the duration of each system’s coverage.
2 years/24,000 miles for all emissions-related components. Control devices specifically: 8 years/80,000 miles
3 years/50,000 miles for all emission-related components. Control mechanisms specific: 7 years/70,000 miles 15 years/150,000 miles for TZEV vehicles
Your new 8 Series Gran Coupe or M2 CS is essentially completely protected by these warranties. There are just a few limited limitations to the bumper-to-bumper coverage of the New Vehicle Warranty.
If you want to avoid paying for repairs out of pocket after the first four years of ownership of your BMW, an extended warranty is definitely something to think about.
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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.
Factory Warranty for BMW
The following manufacturer warranties are included with every BMW vehicle:
- Limited warranty for four years or 50,000 miles
- corrosion and rust warranty for 12 years and unlimited miles
- Federal emissions warranty for 8 years and 80,000 miles
After the vehicle’s 4-year/50,000-mile limited warranty expires, certified pre-owned (CPO) BMWs are covered by an extra 1-year/unlimited-mile warranty.
A BMW extended warranty might be a good idea to safeguard your wallet from potentially expensive breakdowns later in your vehicle’s life even if the BMW factory warranty coverage is longer than that of some other manufacturers due to the high cost of repairs.
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.
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 should the price of a BMW extended warranty be?
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.
Do extended auto warranties have any value?
Generally speaking, extended auto warranties aren’t worthwhile financially. According to a Consumer Reports poll, the majority of individuals who acquire an extended warranty save less on repairs than they paid for the agreement.
An extended car warranty is probably not worthwhile if you drive a dependable vehicle and keep enough money in savings to cover an emergency auto repair. Similarly, if you already have a dependable technician or have insurance that provides comparable benefits, you might not need an extended warranty.
However, choosing to buy an extended warranty isn’t necessarily only a financial one. For some people, the cost of mental tranquility may be worth it. You might feel more at ease purchasing an extended warranty if your car isn’t the most trustworthy. Just be certain that you are aware of the history of the car and your personal priorities.
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 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 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.
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 battery covered by the BMW warranty?
The Basic New Vehicle Warranty that comes with every BMW includes coverage for the car’s battery among other things. If the battery is defective, you are covered by this guarantee for a free replacement for four years or 50,000 miles.
If the battery is harmed for reasons other than material faults, such as in a car accident, this guarantee will not protect you. In that situation, filing a claim to pay for battery repairs would require collision insurance.
You might be able to get a new battery installed before the Basic New Vehicle warranty expires because the normal BMW battery lasts three to five years.
What about batteries for EVs? Your lithium-ion battery should last a lot longer than a regular car battery. BMW anticipates the high-voltage electric vehicle batteries to last at least 10 years (possibly up to 20 years depending on usage).
Here is a breakdown of BMW’s warranties:
includes factory-recommended maintenance such as brake service, fluid adjustments, wiper blade replacement, and oil changes.
Key Learnings For the first four years or 50,000 miles that your car is on the road, your BMW car battery can be changed without charge if it is defective.
How much does BMW’s 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.
Is the transmission covered by the BMW warranty?
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.
What is the length of the BMW warranty?
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.
An extended warranty may be returned for a refund.
Anytime you decide to cancel your extended warranty, you’ll receive a prorated refund for the period that was left on your policy. If the warranty was part of your loan, your car payment won’t change, but after the refund is taken out of your balance, you might be able to pay off the car sooner.
To make the cancellation process as simple as possible, think about the following advice:
Check the small print. For information on who to contact and whether there is a cancellation fee, locate the paperwork for your insurance. Call the finance manager who sold you the extended warranty if you just purchased it and you don’t yet receive the contract. You might need to get in touch with the business through phone or letter regarding third-party warranties.
Just refuse. Be aware that if you phone a warranty business, you will likely be routed to a department that is trained to persuade you to stay with them. Just keep declining; don’t feel like you have to give an explanation.
Get it down on paper. Get a copy of any cancellation forms that you might be required to fill out signed by a dealership employee. Keep copies of any pertinent paperwork, including your cancellation letter or form.
Following up To ensure that your cancellation was successful, schedule a reminder. You can speak with your lender or check your loan statement.