Is A BMW Extended Warranty Worth It?

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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.

Cost of BMW Extended Warranty 2021

Your precise level of coverage will determine how much your BMW extended warranty will cost; the more systems and components it covers, the more it will cost. However, instead of filling you with fear while taking your automobile to the mechanic, this monthly payment can provide you peace of mind.

A manufacturer-provided extended warranty will set you back between $1,000 and $1,500. The cost of the BMW extended warranty may also be folded into your auto payment, which means that you may really be paying interest on it. Your choice of deductible may also affect how much a BMW extended car protection plan costs.

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.

Reviews of BMW Extended Warranties

Your car can receive additional security through a BMW extended warranty for up to 75,000 or 100,000 kilometres. While third-party bumper-to-bumper warranties and BMW’s Platinum coverage are identical, you might be able to negotiate a lower deal and a longer duration with an aftermarket provider.

The other benefits, including as rental coverage, trip interruption, roadside assistance, and towing, may also be more durable than anything provided by this particular manufacturer. BMW’s extended warranty is ultimately only average compared to other automakers’ warranties, which provide greater coverage and further advantages.

Because of its higher pricing and shorter coverage durations compared to other manufacturing warranties, what BMW is offering is ultimately quite constrained when compared to other manufacturer-backed extended warranties. Although buying an extended warranty for your car might be worthwhile, we don’t think spending money on a warranty straight from BMW is. You should be able to acquire aftermarket insurance that offers a comparable level of protection and is less expensive, more durable, and flexible.

Final Verdict: BMW Extended Warranty

Given the high maintenance costs of BMW automobiles, an extended warranty is more likely to be valuable. However, BMW extended warranty agreements must be obtained at the same time as your new BMW and are pricey.

We advise clients searching for BMW extended warranty coverage to compare prices and features from independent companies like Endurance in addition to the manufacturer. Below, you can request free quotations from a handful of the best vehicle warranty companies.

Companies with Featured Extended Warranties

Only the first few years of ownership are covered by the BMW limited factory warranty. If your car breaks down after that and you don’t have a BMW extended warranty coverage, you might have to pay a substantial repair bill.

Your options for a BMW extended warranty, service options, pricing, and alternative plans are all explained in this article. The Home Media reviews team will then assess some of the most recognized extended auto warranty providers against BMW’s coverage.

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 subsequently purchase a BMW extended warranty?

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.

BMW’s extended warranty lasts for how long?

Extended Warranties for BMW A BMW Extended Warranty ensures that all repairs are made by BMW Certified Technicians using BMW Replacement Parts and can extend protection for up to 7 years or 100,000 miles beyond the manufacturer warranty. It also includes 24/7 roadside assistance.

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.

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.

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.

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.

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.

Is the battery covered by the BMW warranty?

The Basic New Vehicle Warranty that comes with every BMW includes coverage for the car’s battery among other things. If the battery is defective, you are covered by this guarantee for a free replacement for four years or 50,000 miles.

If the battery is harmed for reasons other than material faults, such as in a car accident, this guarantee will not protect you. In that situation, filing a claim to pay for battery repairs would require collision insurance.

You might be able to get a new battery installed before the Basic New Vehicle warranty expires because the normal BMW battery lasts three to five years.

What about batteries for EVs? Your lithium-ion battery should last a lot longer than a regular car battery. BMW anticipates the high-voltage electric vehicle batteries to last at least 10 years (possibly up to 20 years depending on usage).

Here is a breakdown of BMW’s warranties:

includes factory-recommended maintenance such as brake service, fluid adjustments, wiper blade replacement, and oil changes.

Key Learnings For the first four years or 50,000 miles that your car is on the road, your BMW car battery can be changed without charge if it is defective.

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.

Is the BMW warranty valid for the transmission?

Any material or workmanship flaws are covered by the New Vehicle Limited Guarantee for the duration of the warranty. Additionally, the Powertrain Warranty also covers issues with the engine, transmission, or drivetrain.

What kind of warranty does a brand-new BMW have?

Every brand-new car has a warranty when it leaves the factory. For a predetermined amount of time, this agreement protects specific mechanical parts and systems from manufacturing flaws. A

External body panels, emissions equipment, bumper-to-bumper, and other components are all covered by separate warranties. The first to reach the specified amount of years and miles wins.

The standard new-vehicle limited warranty from BMW protects you from faults in materials or workmanship for a period of four years or 50,000 miles. The BMW new-vehicle standard warranty covers the engine, transmission, and suspension, among other components. If something breaks within the warranty term, BMW-certified mechanics will fix it for free using authentic BMW parts.

The 12-year, unlimited-mile rust perforation warranty offered by BMW attests to the superior build quality, durability, and paintwork of their vehicles.

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Additionally, BMW offers a government emission warranty that lasts for two years or 24,000 miles, whichever comes first, to make sure your vehicle operates cleanly and reduces pollution.

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With the BMW Ultimate Care Program, you now get the added benefit of free routine maintenance for the first three years or 36,000 miles when you buy a new BMW. This practical curriculum, which addresses oil changes, spark plugs, brake fluid, and other topics, makes sure your BMW operates efficiently. A