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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Warranty for BMW Certified Pre-Owned Vehicles
You will receive an additional year of coverage and unlimited miles if you buy a certified pre-owned car from BMW in addition to the balance of the original 4 year/50,000 mile warranty that came with your car. A certified pre-owned warranty from BMW is a little less extensive than what is provided by other manufacturers when this level of coverage is taken into account. Roadside service from BMW is also included in this CPO warranty as travel insurance. You can also purchase additional BMW extended car protection.
Do BMW Extended Warranties Pay Off? – BMWBlog (2022)
BMW’s basic new car guarantee offers a lot of protection, but it won’t last forever. The concern that comes with owning and maintaining your BMW can be reduced in certain ways with an extended warranty, allowing you to drive with confidence and pleasure. The top BMW extended warranty policies, their coverages, and anticipated prices are reviewed in this article.
Companies with Featured Extended Warranties
BMWs can be pricey to maintain because they are premium automobiles. This makes a BMW extended warranty an appealing choice since it provides drivers with the assurance that their finances will be safeguarded in the case of a significant breakdown. But does BMW really give its cars the best protection?
In this analysis, we’ll examine BMW’s factory warranty, typical maintenance expenses, and extended warranty fees and coverage in more detail. We’ll also compare BMW to one of the greatest extended auto warranty providers in the business.
You must make contact with a nearby dealership to request a price for a BMW extended warranty. Get free quotes from a few top suppliers and compare prices to find out how much a third-party protection plan might cost you.
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.
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 an extended BMW 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.
Does BMW provide warranties for secondhand vehicles?
Beyond the regular manufacturer guarantee of 4 years or 50,000 miles, every certified pre-owned BMW is covered for an additional year and unlimited kilometers. The BMW Extended Warranty options are also available for pre-owned automobiles.
How can I get a longer warranty?
A dealership or a third-party warranty provider that specializes in extended vehicle protection are two places where you can get an extended warranty.
- Dealership extended warranties can be bought straight from an automaker or dealership. The fine print of some dealer warranties may prohibit you from using mechanics outside of their own facility. Additionally, they might demand that you only use OEM (original equipment manufacturer) components.
- To accommodate various needs and price ranges, third-party warranty providers provide a wide range of extended warranty alternatives. Vehicle protection plans and servicing agreements are available from providers like CARCHEX for many different vehicle makes and models.
How long is the BMW warranty good for?
On both our Genuine BMW Parts and our BMW vehicles, we provide exceptional warranties. While new vehicles come with a three-year warranty, the majority of Genuine BMW Parts come with a two-year warranty as standard.
Why not get a BMW Insured Warranty for added protection when your BMW New Car or Approved Used Car warranty expires? The information about each of our warranty options is listed below.
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 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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Brakes are covered by the BMW extended warranty?
If your automobile experiences a technical failure, a BMW extended warranty may be able to give you additional peace of mind. Drivers have the option of purchasing extended warranty coverage from a third party or from a dealership. However, it’s crucial to take into account your financial situation and the dependability of your car.
Information on the cost of extended warranty coverage is not provided by BMW. The dealership from whom you acquire coverage, your location, the mileage of your car, and the selected plan type will all affect the cost.
BMW extended warranties are available from both dealerships and independent warranty providers. Only when your initial factory warranty has expired can you purchase BMW extended warranty options from dealerships.
Brake pads and wiper blades, which are subject to typical wear and use, are not covered by BMW extended car warranties. Tire rotations and oil changes, two common BMW maintenance requirements, are also not included.
Is there a lifetime warranty for BMW?
As long as you own your car, you are covered. You are covered FOREVER as long as you carry out the routine maintenance specified in your Warranty Forever(r) agreement.
Does the BMW warranty transfer?
BMW warranties can be transferred. You should get in touch with BMW to have them update their records with the new owner’s information when you are either buying or selling a used BMW that still has time or miles left on the manufacturer’s warranty.
A BMW CPO warranty may it be transferred?
Yes! You can sell your BMW CPO vehicle to a private bidder if you currently own one. All you have to do is complete the CPO Warranty transfer paperwork.
Is the extended service contract for a BMW worth it?
In comparison to maintenance from independent repair shops, the BMW maintenance plan typically costs more. It might not be worthwhile if you drive fewer than 15,000 miles annually, which is the national average. However, if you use your car a lot, the maintenance plan might be more beneficial.
Do extended warranties merit the cost?
Extended warranties are often “a lousy value” when it comes to the overall cost of your car, according to Gillis. 55% of consumers who bought an extended warranty in a Consumer Reports poll never used it. Most people who used the guarantee ended up spending more on repairs than they had originally saved.
Additional negatives include:
- Overlap: If you already have coverage from the manufacturer’s warranty or a mechanical breakdown insurance policy, you may not need the extended warranty. In that situation, according to Gillis, “the extra coverage is not worth the premium.”
- Exclusions: The fine language in every contract outlines how the warranty may be applied. For instance, the provider can refuse to pay for issues brought on by regular wear and tear or lower the claim settlement in light of your car’s depreciation.
- A percentage of the repair expense may be covered by some extended warranties. The remainder, along with a deductible, is your responsibility.
- Limitations: You might need to bring your automobile to a repair facility that has been approved by the warranty instead of choosing your own technician.
- A Consumer Reports poll found that 55% of those who purchased extended warranties never used them.
How much does it cost to repair a BMW?
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.