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.
In This Article...
The BMW Extended Warranty: What Is It?
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.
warranty for BMW pre-owned vehicles
The BMW Certified Pre-Owned (CPO) Warranty is one of the main reasons why consumers purchase pre-owned BMWs in the first place. The 4 year/50,000 mile New Vehicle Limited Warranty is carried over, making it virtually identical to purchasing a brand-new car. However, it goes beyond than that.
The New Vehicle Limited warranty is extended by an additional year and unlimited miles by the CPO warranty. Keep in mind that this only applies to components of the car that are deemed to have manufacture flaws, not to maintenance or wear-and-tear issues.
Naturally, not all automobiles can be certified. When a used BMW is received, a licensed BMW dealership is required to do a comprehensive inspection, check the CARFAX or AutoCheck report, and guarantee that only genuine BMW parts are utilized. In addition to sending BMW North America all of this paperwork, a charge is also paid. BMW North America can only certify the car after these processes.
A few additional benefits come with choosing to buy a Certified Pre-Owned BMW. For Certified purchasers, BMW Financial Services often provides incentives and loan rates that are more affordable. Naturally, extended service contracts supported by BMW are usually considerably more expensive.
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.
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.
Are you in need of extended warranty protection?
If you want to buy extended warranty protection for your BMW, you need first decide if you actually need it. A manufacturer’s original warranty is included with each new BMW. If a used BMW is BMW Certified Pre-Owned, it may also come with a warranty. As a result, purchasing an extended auto warranty is typically unnecessary until the original warranty has run its course.
For vehicles of the BMW X series, the factory warranty covers:
- Warranty for new cars: four years or 50,000 kilometers
- Warranty against rust perforation: 12 years/unlimited miles
- Federal Emissions Warranty: Specific control devices for 8 years/80,000 miles; emissions-related parts for 2 years/24,000 miles.
A typical bumper-to-bumper warranty applies to the BMW new car limited warranty. It guarantees to cover all covered repairs for the engine, powertrain, and the majority of mechanical systems. You might want to think about getting an extended auto warranty when your new car warranty expires.
Compared to CPO guarantees provided by other manufacturers, the dealer’s certified pre-owned warranty from BMW is a little less generous. For used cars, it only adds a further year and unlimited miles to the new vehicle guarantee.
Can I purchase a secondhand BMW with a warranty?
A four-year, 50,000-mile New BMW Limited Warranty is included with every new BMW. The coverage is extended for an additional seven years or 100,000 miles by purchasing a BMW Extended Warranty.
Repair expenses related to production-related material or workmanship flaws in your automobile are covered by the BMW Extended Warranty. All fixes are done with BMW replacement components by specialists who have been qualified by BMW. Roadside support is also included in the BMW extended warranty.
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How much does a BMW extended warranty cost?
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 you get an extended warranty later on?
Although waiting until the original factory coverage has ended will typically result in paying a higher premium rate, you can get an extended auto warranty at any time. Near the conclusion of the initial warranty period might be the best time to buy. You can then start looking around to see what kinds of coverage and prices are offered for the year and model of your car. This will enable you to compare different policies on the basis of one another. However, it’s crucial that you make a thoughtful decision about where to get an extended warranty policy. Despite the wide range of options, many won’t likely satisfy your needs for a dependable warranty provider. The standard fine language in these contracts ensures that your policy isn’t worth more than the paper it’s printed on. Avoid these businesses at all costs and choose one that is reputable and reliable instead!
The things that fall within each third-party provider’s guarantee for repair will vary. Make sure the type of coverage you select will meet the needs of your vehicle and your budget because there are many different levels of coverage available. A hefty repair bill could occur from purchasing insufficient coverage, which could leave out certain components and parts. If something were to happen, you want to know that you would be completely protected. On the other hand, purchasing excessive insurance may not be the best course of action. Verify the policy’s inclusions to be sure. Ask your vehicle protection specialist if there are any other coverage plans that would better suit your needs if you see that the majority of the parts or components listed do not even pertain to your car.
Check out the list of excluded items, which are things that are not covered. The finest protection, often referred to as a “bumper-to-bumper auto warranty,” is fully comprehensive coverage, but we want to make sure you know that it is also the most expensive. The majority of drivers are aware, however, from their auto insurance bills that the more coverage you add to your car, the more it will cost you. But even the most complete coverage is useless if you purchase it from a shady business. Your insurance won’t be legitimate if the warranty is being covered by a business that might cease operations in a month or a year, costing you a sizable sum of money. Any firm you are thinking about should have a solid financial history and a good reputation for settling claims. Additionally, inquire about the company’s BBB rating and Vehicle Protection Association certification while you’re there. When selecting a protection plan from one of the top extended auto warranty providers, keep these two things in mind.
Brakes are covered by the BMW extended warranty?
Brake pads, brake rotors, and wiper blade inserts are a few other particular items that require replacement due to normal wear and tear but are not covered by the original New Vehicle Limited Warranty, provided that wear and tear exceeds BMW wear restrictions.
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.
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 I purchase a secondhand automobile with a warranty?
A new car’s initial bumper-to-bumper warranty normally lasts three years or 36,000 miles. Your secondhand automobile can still be covered by the manufacturer’s warranty depending on how old it is. If not, your automobile might be eligible for a dealership’s limited powertrain warranty, which will protect it for a set number of years or miles.
One of the greatest used automobile warranties is offered by the independent company Carchex. It has an A+ rating with the Better Business Bureau and offers service contracts up to 250,000 kilometers.
If you want to drive with confidence, used automobile warranties are typically an excellent choice. However, you’ll need to assess whether the investment is worthwhile by considering how long you intend to keep the car, how dependable it is, and how concerned you are about costly repairs.
One of the longest factory warranties in the industry, Hyundai provides a 5-year/60,000-mile bumper-to-bumper guarantee and a 10-year/100,000-mile powertrain warranty on all of its vehicles.
On a secondhand car, the majority of dealerships offer a 30-day factory warranty. Drivers can acquire a used car warranty from the dealer or an aftermarket warranty from a third-party supplier after the primary warranty has expired.
Can I get a warranty for my current vehicle?
Yes, you may get an auto warranty after buying a car. It’s crucial to keep in mind, though, that the coverage can vary from what it would if you had purchased the warranty at the time you bought the vehicle.