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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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.
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.
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.
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.
Can I purchase an additional BMW 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 is the price of a 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 the BMW manufacturer warranty be extended?
Regardless of whether you bought your car new or used, you may extend your warranty to include up to seven years or 100,000 miles of coverage.
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.
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.
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.
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?
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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.
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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.
Can I use my extended warranty right away?
The duration varies between various suppliers and options for car protection. In fact, some businesses don’t even have waiting periods, but it’s tougher to locate these arrangements. The majority of extended warranties demand a 30-day and 1,000-mile waiting period before you can submit a claim.
Ask the provider if they have a different waiting period if you have low miles that might better suit your driving style. 90-day/200 miles and 60-day/500 miles are two popular substitutes.
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.
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 bumper-to-bumper BMW warranty cover?
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 is all-inclusive, much like a standard limited warranty, thus practically every component of a car is covered.
The BMW warranty appears to be devoid of any kind of conventional powertrain warranty. It’s simple to think that because a bumper-to-bumper warranty is all that’s offered, you won’t get the specialized protection an engine, transmission, and drivetrain warranty offers for these parts.
BMW has merely done away with the redundant coverage that the comprehensive and powertrain warranties produce. All the same components a powertrain warranty covers are included with the majority of BMW’s factory coverage, with the bumper-to-bumper warranty covering everything save regular wear items.
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.
Is engine repair covered by an extended warranty?
For the main parts of your car, an extended warranty functions as insurance. Your warranty provider will cover any necessary repairs if something breaks down and has to be fixed. There will only be a set deductible that you must pay.
Depending on the type of warranty you select, an extended warranty may or may not cover specific items. The engine, transmission, axles, and gaskets are among the essential mechanical components of your car that are typically covered by extended warranties.
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.