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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How long is the extended warranty on my BMW?
You have a few options for how long the extra coverage can run if you buy an extended warranty from a BMW dealer.
- Used and new Your warranty can be extended by up to three years, giving you a total of seven years of protection. 75,000 or 100,000 miles are available for selection.
- Certified Pre-Owned by BMW
- You can increase your warranty by one, two, or three years depending on whether you own a CPO, CPO Elite, CPO Wrap, or CPO Wrap Elite BMW. You can choose between 75,000 miles and 100,000 miles, just like the new or used BMW extended warranty option.
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.
Longer Service Agreements (ESC)
Your BMW should have exceptional coverage. ESC offers three levels of coverage so you may choose the one you need, extending your vehicle’s coverage for up to 7 years or 100,000 miles. Additionally, BMW promises unrivaled quality of service by ensuring that all repairs are carried out at authorized repair facilities using only 100% Original BMW parts.
Is a BMW Extended Warranty worthwhile?
Yes, almost usually. An extended warranty would probably save you thousands of dollars if you want to retain the automobile for a long time. Driving a BMW for a year often costs between $1,000 and $1,700. That will cost you a lot more than the majority of extended warranties will, especially over a prolonged length of time. Additionally, it is clear that a BMW Extended Warranty is necessary when you realize that a fuel pump repair can cost anywhere from $1500 to $2750.
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.
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 terms 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
Can I purchase a longer warranty for a used BMW?
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 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 I later add a longer warranty?
After your manufacturer’s warranty expires, you can always buy an extended warranty. The majority of contemporary automakers do, however, have a provision requiring car owners to sign up for an extended warranty plan before the manufacturer’s warranty program expires.
If you insist on purchasing an extended warranty from the manufacturer, we advise signing up for it as soon as your factory warranty expires to avoid coverage gaps. You can always get an extended warranty when you buy the car, but doing so will require you to pay interest on a warranty that you won’t be able to use anytime soon. But if it’s a package deal that offers further discounts, go for it.
However, a third-party extended warranty is the best option if you want to always have the option to choose an extended warranty. As long as your vehicle complies with the company’s requirements, the majority of businesses will supply you with coverage at any point throughout your ownership and may even offer extended warranties for used cars. CarShield is one of the greatest alternatives.
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.
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.
After buying a car, is warranty possible to add?
Yes, if you shop with third-party providers like CARCHEX, you can get a car warranty after purchasing your vehicle. On the other hand, a dealership’s manufacturer’s warranty usually only provides used car warranties on the day you buy the vehicle.
How much does BMW’s warranty cost?
Cost of a BMW Extended 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 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.
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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