A limited warranty is included with a new BMW purchase. Since it comes with the car, it differs from an extended warranty in that you are not acquiring additional protection under a new contract.
The BMW guarantee covers the price to repair or replace manufacturing material or workmanship flaws, similar to the majority of manufacturer car warranties. Here is a brief overview of the various warranties and the duration of each system’s coverage.
2 years/24,000 miles for all emissions-related components. Control devices specifically: 8 years/80,000 miles
3 years/50,000 miles for all emission-related components. Control mechanisms specific: 7 years/70,000 miles 15 years/150,000 miles for TZEV vehicles
Your new 8 Series Gran Coupe or M2 CS is essentially completely protected by these warranties. There are just a few limited limitations to the bumper-to-bumper coverage of the New Vehicle Warranty.
If you want to avoid paying for repairs out of pocket after the first four years of ownership of your BMW, an extended warranty is definitely something to think about.
In This Article...
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.
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.
Is the BMW service contract 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.
Can I revoke my extended maintenance on my BMW?
Anytime you decide to cancel your extended warranty, you’ll receive a prorated refund for the period that was left on your policy. If the warranty was part of your loan, your car payment won’t change, but after the refund is taken out of your balance, you might be able to pay off the car sooner.
To make the cancellation process as simple as possible, think about the following advice:
Check the small print. For information on who to contact and whether there is a cancellation fee, locate the paperwork for your insurance. Call the finance manager who sold you the extended warranty if you just purchased it and you don’t yet receive the contract. You might need to get in touch with the business through phone or letter regarding third-party warranties.
Just refuse. Be aware that if you phone a warranty business, you will likely be routed to a department that is trained to persuade you to stay with them. Just keep declining; don’t feel like you have to give an explanation.
Get it down on paper. Get a copy of any cancellation forms that you might be required to fill out signed by a dealership employee. Keep copies of any pertinent paperwork, including your cancellation letter or form.
Following up To ensure that your cancellation was successful, schedule a reminder. You can speak with your lender or check your loan statement.
What is covered by the BMW extended maintenance warranty?
Mechanical failures are covered by BMW’s extended warranty for up to 7 years/100,000 miles. Powertrain Plus, Gold, or Platinum are the three options available to drivers for coverage. Maintenance and environmental damage are not covered by the extended BMW guarantee.
Why does BMW servicing cost so much?
Yes, BMW servicing is more expensive than many other manufacturers, whether they are premium or not, once the warranty expires. Over a ten-year period, a BMW may cost $12,000 more to maintain than a Toyota and $5,000 more than a Mercedes-Benz.
Because it’s a German car with specialized parts and technology, maintaining a BMW is pricey. It’s not merely a car to get people from point A to point B; it was designed for driving aficionados. 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.
Additionally, the Digital Motor Electronics (DME) system in cars connects countless sensors and controls. A BMW may require a sophisticated method for a simple repair on another vehicle, which increases labor expenses.
Yes, a 3-Series BMW requires pricey maintenance once the manufacturer or certified pre-owned warranty has expired. A used BMW 3-Series typically costs $1,000 to $1,700 per year in maintenance and repairs.
A BMW 328i oil change can cost between $149 and $174, according to RepairPal. Nevertheless, depending on your area and BMW model, you can pay more than that.
Do extended auto warranties have any value?
Generally speaking, extended auto warranties aren’t worthwhile financially. According to a Consumer Reports poll, the majority of individuals who acquire an extended warranty save less on repairs than they paid for the agreement.
An extended car warranty is probably not worthwhile if you drive a dependable vehicle and keep enough money in savings to cover an emergency auto repair. Similarly, if you already have a dependable technician or have insurance that provides comparable benefits, you might not need an extended warranty.
However, choosing to buy an extended warranty isn’t necessarily only a financial one. For some people, the cost of mental tranquility may be worth it. You might feel more at ease purchasing an extended warranty if your car isn’t the most trustworthy. Just be certain that you are aware of the history of the car and your personal priorities.
Extended BMW warranties are they negotiable?
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 maintenance plans are they refundable?
When the Center receives a formal cancellation request, it will process any refunds that are due within 30 days. The Program will remain on the Enrolled Vehicle, thus the Program purchaser cannot ask for a cancellation or refund after selling, trading in, or otherwise giving up ownership.
What should the price of a BMW extended warranty be?
CARCHEX estimates that the annual cost of an extended warranty purchased straight from BMW will be between $1,000 and $1,500. Our analysis indicates that the total cost of an extended manufacturer’s warranty for a BMW will probably range from $3,500 to $6,000. Regardless of the BMW extended warranty coverage plan you select, you’ll receive 24-hour roadside assistance and have the option of a $0 or $50 deductible for covered expenses. These repairs must be carried out by a BMW Authorized dealer for you to be covered.
Does the extended warranty for BMW include oil changes?
Factory Warranty for BMW Scheduled maintenance is included in the BMW Ultimate Care for three years or 36,000 miles (non-transferable). 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 an extended warranty preferable to a service contract?
Many of us have experienced being pressured to decide whether or not to buy a product-related service contract at the checkout counter. Making this choices might be challenging, especially if the cashier is anxiously expecting your choice. The Michigan State University Extension advises that you familiarize yourself with the distinction between service contracts and warranties before making an impulsive decision that you might come to regret.
Both service agreements and warranties include a portion of repair or upkeep for a predetermined amount of time. The primary distinction is that service contracts are additional and warranties are part of the purchase price. Service agreements, usually referred to as extended warranties, come in a wide range and may not be pricey enough. Some products only cover a portion of what is protected by a warranty, duplicate what is covered by one, or have so many restrictions that it is challenging to acquire repairs when you need them. Prior to purchasing a service contract, take into account the following:
- The thing: Do repairs seem likely? How much might possible repairs cost? Am I purchasing a product from a dependable business? websites for product reviews that offer details on prospective repairs and their costs.
- What is covered by the service contract: Does it go beyond the warranty? How long is the service agreement valid? What is included and what is excluded? Exist deductibles, service charges, shipping costs, or reimbursement cap restrictions? Are there any excluding provisions, and can unintentional damage qualify? If you sell the goods, are there any transfer fees?
- Who manages the repairs, and how reliable are they? In case you have questions or issues, make sure you have the company’s contact information. Look up the business name online and see if there are any reviews or complaints. Check with the consumer protection office in your state to check whether it has received any complaints about this business. It’s crucial to understand that customers have few recourses if they purchase a service contract from a business that fails and cannot satisfy claims. Consumers who have had this bad experience frequently write to the Federal Trade Commission with their stories.
Some consumer advocates advise investing the money you would have spent on service contracts or extended warranties in a savings account so that it would be available if you need a repair in the future. The final thing to remember is to be wary of “cold calls” or mail from telemarketers selling extended warranties. These businesses frequently use pushy sales techniques to obtain personal information and immediate payment, are unrelated to the business you bought the product from, and close before fulfilling their warranty coverage commitments.