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.
In This Article...
Is a BMW’s upkeep expensive?
Yes, it is the answer. The cost of maintaining a BMW is significantly more than that of a Toyota. BMW is a luxury brand, thus this is the situation. These brands are far more expensive to purchase and maintain.
When it comes to the maintenance costs that you will have to spend out of your own pocket to keep your BMW maintained over the long term, BMW is comparable to Audi and Mercedes.
The good news is that you won’t have to spend a fortune on maintenance if you buy a new BMW. However, why is that so?
Because new cars rarely break, this is the situation. Older vehicles break down more frequently, and fixing these issues is very expensive. Therefore, if you decide to buy a BMW, I suggest choosing one that is under 5 years old and has minimal mileage. This will essentially ensure that you won’t have to spend a fortune on repairs for this car.
The cost of repairs would increase as the age of the BMW increased. This is true since many of the components have been phased out or are extremely hard to find. They must be imported from a European nation that has them on hand, preferably Germany. BMW parts are therefore pricey.
This process is time- and money-consuming. Before you could receive that particular part for your BMW, your automobile would be out of commission for weeks, if not months. You will therefore be without a car during this time and be required to pay for an Uber or a cab. Not to mention the hefty repair bill you will be responsible for.
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.
Are BMW components pricey?
In a nutshell, yes. Compared to other brands, BMW parts are among the most expensive. Additionally, the cost of the parts increases with the age of the BMW.
BMWs require between $5,000 and $12,000 more in maintenance than the majority of automobiles. This is so because BMWs are German automobiles produced with specialized components, technology, and parts.
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How much does maintaining a BMW cost?
Let’s get right to the point: maintaining a BMW is pricey. The cost of basic maintenance and mechanical repairs for a BMW is $968 annually, according to RepairPal. This is a lot more than the $652 yearly average for the sector. About twice as frequently as the industry average, BMW owners frequently visit the repair shop. They are also marginally more likely than owners of other vehicles to require major repairs.
So why do people adore BMWs if upkeep is so expensive? Well, performance and comfort are major factors. A BMW is more than just a mode of transportation that gets you from A to B. After all, the German automaker asserts that it creates the “perfect driving machine,” not the least expensive daily commuter.
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With a 2.5 out of 5.0 reliability rating, BMW is ranked 30th overall out of 32 automobile brands. This evaluation is based on the average of 345 different models. A BMW has typical ownership expenses with an average annual maintenance cost of $968. A 15% chance of a repair being severe and an average of 0.9 visits to a repair shop per year are some other factors that affect BMW reliability.
Why are BMW parts so pricey?
Because it’s a German car with specialized parts and technology, maintaining a BMW is pricey. BMW is not only a vehicle to move passengers from point A to point B; it is designed for driving aficionados. BMW’s advanced technology calls a specialized certification to be repaired correctly. A skilled BMW mechanic will possess the knowledge necessary for a thorough and effective repair.
A $400 battery replacement, for instance, might be necessary because the mechanic must register the battery with the engine control module. If not, the battery risk of an early demise since the vehicle won’t “know” how to charge it.
How much does a BMW require in maintenance?
If you’ve done any research on BMWs, you probably already know how pricey they are to maintain. But you’ll have to pay a premium if you want a BMW. The industry average for maintenance costs is $652 yearly. Unfortunately, expenditures for BMW owners are roughly twice as high as those for owners of other models.
What does a BMW oil change cost?
How much does a BMW oil change cost? BMW oil changes typically cost between $135 and $175, with parts and fluids accounting for roughly $90 to $110 of that total and labor making up the remaining percentage.
Is buying a BMW worth it?
When BMW began promoting its cars as the “Ultimate Driving Machine” in the 1970s, the company soon grew to become one of the world’s top luxury automobile manufacturers.
BMW has a long history of producing eye-catching vehicles and SUVs that receive high praise from automotive writers.
Both auto fanatics and everyday people who just want the best for their vehicles greatly prize them.
Because they are high-performance luxury vehicles with excellent interiors, a smooth ride, high levels of comfort, and some of the best technological features available, BMWs are a good investment. BMW is a brand that embodies high status, and their cars offer an exceptional driving experience.
Who normally buys BMW?
The majority of new BMW owners are men, at least according to who is listed on the vehicle’s registration.
According to our data, 64% of new BMW purchasers are men and 36% are women. The ratio of male to female customers across the several new BMW models showed virtually little fluctuation, according to our research.
The BMW SUV (or, as BMW prefers to name them, the “Sports Activity Vehicle(r)”) is a body design that tends to tilt more toward female purchasers. This is the BMW X-Series, which includes the X1 through the X7, for the 2020 model years.
When we look at buyers of new BMW X-Series SUVs, the male/female ratio hardly changes at all. From the entry-level X1 (current MSRP $34,950 for a 2020 model) to the top-of-the-line X7 (beginning MSRP $73,900 for a 2020 model), these models are priced differently. The X7 is moreover BMW’s largest SUV to date.
Why do people buy BMW vehicles?
Simply said, drivers have practically endless reasons to choose a BMW over a car from another manufacturer since BMW offers the highest performance, safety, and quality out of any luxury automobile brand. After purchasing your first BMW, you won’t ever want to purchase another car from any other manufacturer.
Are used BMWs trustworthy?
Considering a new BMW but put off by the price? Purchasing a used BMW can help you save a lot of money. These are widely available and far less expensive used than new.
BMWs have a long-standing reputation for high craftsmanship and cutting-edge technology. They are renowned for the dependability of their rear-wheel drive and potent engines. The company produces a wide variety of designs, from sports cars to luxury automobiles.
It’s crucial to conduct thorough research before considering a used BMW. Here is a look at some things to think about.
The price of owning a BMW The BMW isn’t your typical car, and neither is the cost of maintenance. If you choose to purchase a BMW over a Subaru or Honda, you should be prepared to pay an additional $2,000 a year in repair, insurance, and maintenance costs. The car needs premium fuel, improved tires, synthetic oil, as well as labor and parts that are more expensive than usual.
Depreciation. Expect a significant decline in the value of your investment. Simply by comparing the cost of a BMW 3-Series that is three years old—roughly $30,000—you can see. At six years, it is worth around $17,000, though. The rate of depreciation, on average, is $4,000 per year. This indicates that for a used automobile buyer, purchasing a model that is five or six years old is likely wiser than purchasing a fresher one.
servicing and repairs. Because they have particular specifications, you must take your used BMW to a store that specializes in the brand. If you don’t have access to this kind of mechanic locally, repairs may be highly expensive and inconvenient.
Although you can get the service done at a BMW dealership, independent shops that focus on German vehicles will normally charge lower prices. Before you buy a car, make sure you bring it to one of these businesses to be inspected.
Dependability. Although Japanese vehicles have a higher track record than BMWs, BMWs are nonetheless dependable. Auto magazines and enthusiasts consistently give BMW cars “average” or “below average” ratings. Despite the company’s claims of lengthy servicing gaps, their turbocharged versions actually seem to have more issues more frequently.
Due to the fact that many parts on BMW and other European cars are made of plastic rather than more trustworthy materials, repairs are among the most frequent. The electronic system’s intricacy is another issue.