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Extended Warranty??
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05-15-2024, 07:05 AM | #1 |
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Extended Warranty??
Hi all. I drive a 2021 BMW X5. We (our only car now) are at 22K miles and I expect to drive about 10K a year. The warranty is about to die and I wondered what thoughts were on buying an extended warranty?
I have never had any issue with this car. But I know stuff can get pricey. |
05-15-2024, 07:24 AM | #2 |
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I opted for the extended warranty. The cost was very reasonable vs an average repair.
There is a dealer on the forums that will sell you a warranty for a great price. I did not use them though so I cannot comment on the service. My dealer matched the pricing and threw in some nice extras. https://f80.bimmerpost.com/forums/sh....php?t=1676787 |
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05-15-2024, 07:41 AM | #3 |
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You do not want to own a German car without some sort of extended warranty or service contract. I got one from the dealer who sells them here. In the past eight months it has covered $8,000 of repairs on my 2018 F80. The policy cost me $3,400 for an additional 100K/5yrs.
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05-15-2024, 08:48 AM | #4 |
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I must disagree about buying an extended warranty. I have owned BMWs for over 50 years and have never had any problems in the first 5 years of ownership. My current M2 is 6 1/2 years old with nothing other than regular maintenance needed.
Remember the companies sell extended warranties to make money. You are normally better taking the warranty funds and putting them in a savings account in case something does go wrong. Lots of threads on the pros and cons of extended warranties.
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05-15-2024, 09:43 AM | #5 | |
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2018 F80 M3. YMB/BLK. ZCP. Three Pedals.
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05-15-2024, 10:02 AM | #6 | |
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For the one time someone needs a serious repair under warranty, there will be 1000s of people that will never need one. Of course the extended warranty people are in the business to make money, not unlike insurance policies. Except you can't opt out of one. I always recommend finding a good independent shop when out of warranty and learning basic DIY, but of course that's not for everybody. |
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05-15-2024, 10:40 AM | #7 | |
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Edit: I do as much as I can DIY. But I also just paid $225 for the three oil change program which is cheaper than DIY. The only thing I enjoy to do is brakes, and that's a two hour job for me taking my time to change rotors and pads.
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2018 F80 M3. YMB/BLK. ZCP. Three Pedals.
"Education will never be as expensive as ignorance." Last edited by DocL; 05-15-2024 at 12:08 PM.. |
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05-15-2024, 12:13 PM | #8 | |
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2021 Jeep Grand Cherokee SRT Black 2006 Ford Mustang GT Convertible (show car) Last edited by MADBMWX5MC; 05-15-2024 at 12:35 PM.. |
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05-15-2024, 08:45 PM | #9 | |
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Trenton O. Gibson tgibson@highline-autos.com Highline Autos Direct: 602.909.9216 Office: 480.348.0777
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Your place for distinguished automobiles, proud provider of Fidelity & Freedom Warranty extended warranties. Visit us at www.highline-autos.com
Official RECARO Automotive Retailer: www.highline-autos.com/product-category/recaro/ Highline Autos Magazine - Volume XXI, Issue 03 https://bit.ly/3wTsNzM |
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