Can the BMW CPO warranty be extended? Yes, you may extend the BMW CPO warranty by purchasing the automaker’s Platinum coverage, which has no mileage restrictions and lasts up to 7 years from the day your car was first put into service. Additionally, you can purchase additional security from independent warranty providers.
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What This Means for Owners of Used and CPO BMWs
The same options for an extended BMW warranty are available to owners of new and used cars.
CPO model users are restricted to the Platinum level plan, which is the most comprehensive and expensive choice. There are several term choices as well:
- Only one more year of coverage is available to CPO Elite members after their four-year limited warranty ends.
- Two more years of coverage are available to CPO members.
- Members of CPO Wrap and CPO Wrap Elite can choose an additional three years of coverage.
Remember that CPO BMWs come with the remaining New Vehicle Limited Warranty as well as an additional year of original warranty protection when choosing the length of your coverage.
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.
CPO BMW Warranty
Two-part warranties are included with each BMW CPO vehicle. The remaining four years and 50,000 miles of the BMW new car warranty come first. When that component runs out, whether in terms of time or mileage, a different, less extensive one-year/unlimited-mile warranty takes over.
Even BMW notes that the original warranty is not being extended by this. There are many things that are not covered, and the list makes a strong argument for thinking about getting an extended auto warranty.
INVITE YOU TO BUY THE CERTIFIED PRE-OWNED (CPO) WRAP, THE EXTENDED COVERAGE FOR YOUR BMW CPO VEHICLE.
With a Certified Pre-Owned BMW, you can anticipate the journey of a lifetime for miles and years to come. We now provide the comfort and security of CPO Wrap to make those kilometers as worry-free as possible. It gives you the option to extend your coverage to your BMW’s audio and navigation systems and add an additional 12 months of coverage to the basic CPO Protection Plan (of up to 6 years).
Additionally, it guarantees that all covered repairs are carried out in a BMW-authorized repair facility using only genuine BMW parts, which helps safeguard the performance and resale value of your BMW. 24-hour BMW Roadside Assistance is one of the additional time, coverage benefits, or both, that CPO Wrap offers.
Can the CPO warranty be extended?
CPO warranties are almost always included with CPO vehicles. It is a means for a carmaker to confidently support their quality inspection.
Some automakers launched CPO programs in the 1990s to promote lease returns and trade-ins with low mileage. As a result, many pre-owned cars were sent back to dealerships in fantastic shape. Instead, automakers developed CPO programs to resell the trade-ins with thorough inspections, extended warranties, reconditioning, and extra incentives. As a result, old cars didn’t end up at auction.
Today, almost all automakers provide a CPO program, albeit not all CPO programs do, despite certain commonalities between the different manufacturers.
Remember that not every CPO vehicle is supported by the related automaker. Some auto dealers have their own CPO limited warranties with comparable advantages.
Examples of manufacturer-specific CPO discounts:
A non-luxury CPO program example:
An example of a non-luxury automaker is Toyota. According to their CPO program, each vehicle must be seven years old or newer and have fewer than 85,000 miles on the odometer. Used Toyotas that meet the requirements will go through a 160-point inspection and include a CarFax car history report.
Every Toyota that is certified pre-owned comes with a 7-year / 100,000-mile powertrain guarantee in addition to a 12-month / 12,000-mile bumper-to-bumper warranty.
Toyota provides free 24-hour roadside assistance, a free rental car, and travel expense protection in addition to the two factory warranties.
A luxury CPO program example:
A luxury CPO program would include Mercedes-Benz. A used automobile must be six years old or newer (i.e., the model year) and have fewer than 75,000 miles on the odometer in order to qualify as a Mercedes-Benz CPO car.
The new CPO car buyer will receive the warranty if the car is still covered by its first new-vehicle limited warranty. The new owner would receive an additional year of certified limited warranty with unlimited miles if the original new car warranty expired.
The Mercedes-Benz CPO program offers extras like round-the-clock roadside assistance and up to $300 in travel reimbursement for costs related to eligible repairs.
Coverage of electric vehicles:
Electric automobiles are covered differently under new-vehicle warranties than gasoline-powered cars because of the differences in their powertrains. Since their warranties cover battery packs, electric motors, and control electronics, battery-powered, fuel-cell, and hybrid electric cars are given unique attention. Electric car warranties include extra conditions and different terms of powertrain component coverage.
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 does BMW’s CPO warranty cover?
After the 4-year/50,000-mile New Vehicle Limited Warranty for Passenger Cars and Light Trucks (Applicable Only in the United States, Including Puerto Rico) expires, the BMW Certified Pre-Owned Warranty Coverage provides you with coverage for 1 year with unlimited vehicle miles, for a total of 5 years / Unlimited vehicle miles.
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.
What distinguishes CPO from Extended Warranty?
What’s Included The degree of coverage is another frequent distinction between CPO warranties and extended warranties. For instance, the majority of CPO warranties provide the vehicle with at least some level of bumper-to-bumper protection. However, many extended warranties offer less coverage.
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.
What does a BMW 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.