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.
BMWs are expensive to maintain.
BMWs are by far the most expensive car manufacturer to repair, claims Your Mechanic. The competition is not even close. With an average maintenance cost of $17,800 over ten years, BMW comes in #1. Mercedes-Benz came in second with an average maintenance cost of $12,900 during a 10-year period. In contrast, the typical Toyota only cost $5,500 to maintain during a 10-year period because they are recognized for requiring less maintenance.
According to Your Mechanic, such high maintenance costs are usual in German premium vehicles. Audi comes in sixth with an average $12,400 maintenance expense over a 10-year period. This is primarily a result of the pricey, high-end parts that these luxury vehicles require. Naturally, it will cost a lot of money to fix those pieces when they break or need maintenance.
However, while being premium vehicles, they also have ongoing problems. For instance, according to Your Mechanic, a BMW is four times more likely to not start than a typical automobile. It was ranked seventh overall as a result. Additionally, the window regulator on the BMW required replacement 18 times more frequently than the window regulator on the ordinary car.
It’s usually a good idea to only use genuine OEM components produced by BMW when a repair is necessary. Although there are aftermarket possibilities at the neighborhood auto parts shop, the majority are of lower quality. This implies that you’re much more likely to experience early failure.
Replacement parts for BMW cost more, as one might anticipate. The majority of these parts are produced by prestigious companies like Bosch and Bilstein. You are purchasing premium workmanship. Maintaining high-performance vehicles is considerably more expensive. The BMW M5 is a nice illustration. This powerful sports car has improved brakes, performance tires, and a unique sport suspension.
The annual cost of BMW maintenance is between $950 and $1,000, which is significantly higher than the national average. While your real expenses will vary depending on the type you drive and how you operate it, RepairPal gives BMW a reliability rating of 2.5 out of 5.
BMW is a well-known brand that creates high-end sedans, coupes, and convertibles. The two states with the most BMWs in the nation are California and Florida. So how much does it cost to keep a premium car running? Find out by reading on.
Let’s investigate everything from the most expensive BMW to the different services needed: Do BMWs cost a lot to maintain?
Which BMW model do you own?
The true surprise lies here. The cost of maintenance will be pretty minimal if you own an ancient BMW that was popular back in the day, like an E30 3 Series, for instance. It’s not a sophisticated automobile, so there aren’t many electronics or speciality parts, and since it was a widely sold model, replacement parts are easy to get and labor costs aren’t too high.
However, if you have a brand-new BMW 7 Series, it will cost much more because its parts are more expensive and high-tech. It is also much more complex, which means there are more potential problems and you must rely on more expensive specialists to work on it.
Therefore, when commentators and YouTubers make generalizations about how expensive it is to sustain any business, they are merely selling you clickbait.
Of course, certain BMWs cost a lot to maintain because they are difficult to repair and unreliable, like the E65 BMW 7 Series, which is a complete nightmare. However, some vehicles, like an E46 BMW 3 Series or an E39 BMW 5 Series, are manageably simple and affordable to maintain when done correctly.
According to estimates from 2018, the Porsche 911, BMW 640i Gran Coupe, and BMW M4 are the top three most costly cars to maintain and repair during a ten-year period. The 3.0L inline-6 engine used in the M4 is a little twin turbocharged engine that produces 425 horsepower. A track GTS version is available that generates 493 HP using a cutting-edge water injection system.