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BMW 3-Series (E90 E92) Forum
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Need extended warranty advice
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12-14-2009, 09:20 PM | #1 |
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Need extended warranty advice
Hello. I'm new here and to forums. I am sorry if I have not posted in the correct area.
I have a 07 335i sedan. I bought it in March certified pre-owned so I know it comes with the extended power train warranty already. When purchased, my car had 16,800 miles on it and now I have 38,750 miles on it. I know this year has had me driving way too much. My dilemma is that I will probably hit 50,000 before or by this coming March (June if I'm lucky) and am wondering which is the best option for extended warranty. I was told by my dealership that I could purchase the extended maintenance warranty through them for $2,200 which would give me 2 years/50,000 miles more. Now I've also looked into Warranty Direct, but I'm not sure if that is a good way to go mainly because I don't know of anyone that has ever used the company or one like it. I want to be able to have some sort of warranty on the car past 100,000 miles, which I know is still far out, but about the time my car will be close to 100,000 miles I will be into the meat and potatoes of my degree and will probably be pretty much jobless for that time. I just want to be informed so that I can make the appropriate decision. Thank you. |
12-14-2009, 09:44 PM | #2 |
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You won't be able to find a warranty past 100,000 miles. Most of the private warranties are very expensive for BMW's. I was quoted nearly $5,000 for a comprehensive warranty to take my 06 330i to 100,000 miles. What the dealer is offering you is basically to prepay for scheduled maintenance which may or may not be a wise decision. My guess is it will not as when I do the math it is a break even at best because when you drive a lot of miles you limit what the schedule will entail. You are looking at 2k for a brake job and 3 oil changes as well as a air filter. Your car is CPO so you are pretty well covered till 100,000 miles beyond that you will have to be on your own. If you are concerned about breakdown costs you could consider a commuter car for the high mileage stuff or just drive the BMW and deal with things as they arise. I am in much the same boat as you, I just drive it and enjoy every mile. When it breaks down I will deal with it, I set aside a few extra bucks into my car maintenance savings account for the day I go over 100k.
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12-14-2009, 10:33 PM | #3 |
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Oh wow. That's pretty pricey for a comprehensive warranty. I didn't think there was a way to get a warranty beyond 100,000, but I thought I would ask just incase. I've been thinking heavily about getting a commuter car, but I love driving my car so much. I still may do it though if the price is right. Thank you so much for your help.
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12-15-2009, 12:08 AM | #4 |
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It wasn't too long ago when I was researching all over for a good extended warranty. BMW was my first choice, but they would not sell me the gold plan since I wasn't the original owner. I did look at warranty direct as well as few others and ended up going with Ford Extended Service Plan (ESP) premiumcare package which is the most comprehensive and price is very competitive. I just like the idea that it is warrantied by Ford Motor Company and not a fly by night company. Here is a link if anyone is interested in taking a closer look for themself: http://www.fordfactoryplans.com/
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12-15-2009, 12:15 AM | #5 | |
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12-15-2009, 02:45 AM | #6 |
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Here's my thoughts. BMW's are very reliable (albeit are prone to minor electrical issues given the toys/options/gadgets available for them). Nevertheless, save your $2,200 bucks and forget an extended warranty. You've already driven the car w/o any problems w an extended warranty. The worst that can happen is the transmission fails and $2,200 will go a long way towards fixing it. Find an independent mechanic who is qualified to service/fix BMW's and avoid the dealer like the plague!
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12-15-2009, 03:10 AM | #7 |
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12-15-2009, 03:20 AM | #8 | |
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12-15-2009, 03:22 AM | #9 | |
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12-15-2009, 04:32 AM | #10 | |
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I am normally not one to do extended warranties, but I am not into playing Russian roulette with the BMW dealership. It's already bad enough dealing with them under warranty, I can't imagine being told over the phone it's gonna be $6k+ for the out-of-warranty repair. |
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12-15-2009, 12:04 PM | #11 | |
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12-15-2009, 12:55 PM | #12 | |
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I absolutely hate the price--it's $3900 list. But I heard on this forum that it CAN be negotiated. Just don't look forward to it, the haggling, that is. I know that's a lot of money, but I refuse to join the "I'll just replace the car to avoid paying any extra warranty or repairs fees" crowd, it just doesn't make sense to me... The 3rd party ones don't seem to be necessarily cheaper overall, just provide more and longer coverage. But they are expensive too....good luck! p.s. the extended warranty is not the same as the original, there are tons of stuff not included, but I think it covers the jist of the car...... |
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12-15-2009, 03:07 PM | #13 | |
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I'd second this
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12-16-2009, 01:14 AM | #14 | |
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12-16-2009, 01:58 AM | #15 |
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Sorry.
In reading your concerns my advice would be to just set aside some money in a savings account for the time that your car exceeds the 100,000 miles. My guess is between 100,000 and 150,000 you may be pretty safe. I am thinking that if a major component is going to fail it will likely do so before 100,000 or much later. Don't worry about all the dooms day scenarios of component failures. They are possible but at the same time are worst case scenarios. Make sure when you are dealing with the dealership you understand what the maintenance plan will pay for and won't as it is not a warranty. Your car is CPO so you are well covered for repairs. Maintenance can be done much cheaper than at a dealership. Many of us change our own oil or order a kit from Tischer and pay a local shop 20 bucks to do the work. Air filters are a rip off at dealerships. They charge 140 bucks for a $30 filter my 10 year old could change in 10 minutes. I would take the 2 grand you would pay for the maintenance and put it in savings, add a 100 bucks a month and I am pretty sure you will be able to meet all of your needs for maintenance and repairs. |
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12-16-2009, 07:27 AM | #16 |
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I have a 2007 328xi coupe with 42000 miles. I was able to get a extended warranty from carchex (alpha warranty service) for 7 years from now and 120000 miles total for $2800. Includeds everything even nav and electronics. Backed by BBB
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12-16-2009, 12:49 PM | #17 | |
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A friend of mine has a 2006 325i that ran out of warranty (over 4 years old) and he purchased an extended warranty for $1900. His AC/heat blower stopped functioning as it is supposed to and he took his car in to get it fixed. The dealership told him that the car also had the hydraulic valve lifter ticking. They fixed both issues and everything was covered by the extended warranty. All he paid was a $100 deductible for what would have cost him about $5,000 (per the dealership) and he was also given a BMW loaner.
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12-16-2009, 02:13 PM | #18 |
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I have the extended MAINTENANCE. Just past the 4 years I started having issue swith it starting. First time to the shop they said my battery was dead, charged me an hour of labor and charged the battery. Worked fine for about 10 days, then dead again. I wanted to replace teh battery, but couldn't get teh mess of positive terminal wires off, so returned the battery and got it to the dealer again. This time they replaced the positive side and charged the battery again, to the tune of $400. About a week later, dead again. I had AAA jump me, and the guy gave me a printout showing 11 volts charging (should be 14) so I KNEW the real problem all along was the alternator. But they convinced me it was the battery (not covered under extended maintenance) for about $350 installed. Worked great for about 2 weeks then it was back to teh dealer. They THEN finally found it was a bad alternator. My family friend is my SA, so he got BMWNA to cover that under warranty, or it was $1400 just for the part, plus probably 3 hours labor.
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12-16-2009, 03:18 PM | #19 | |
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![]() Outside of powertrain issues, my total non-warranty covered issues between 50K and 100K were/are: 1) drivers door "pull" on the armrest is scratched up with peeled coating. 2) Glovebox lever is permanently locked, I have to use the metal key to open. That's it. That's all. I'll fix those two items when i get around to it. Now the powertrain??!!. I used the hell outta of the extended warranty. But I understand you are already covered, so save your money for other things.
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12-16-2009, 03:24 PM | #20 |
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I have a 2006 325i and i purchased the extended warranty the dealer said they will do the 100,000 mile service and go over anything that needs replaced before it expires its covered to july 2011 i have 71,000 miles on it now still haven't had brakes done yet lineing and rotors are original. i should be very close to the mileage till then i also have a 6 speed manual they said they will change gear oil in trans at that time also. i figure i will get my moneys worth out of the warranty.
Remember the extended warranty goes from the in service date of the car when it was put on the road keep that in mind as far as the date and year it will expire if you dont put the miles on it.
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12-16-2009, 07:18 PM | #21 |
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Nice, thanks. I'll look into them also.
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12-16-2009, 07:31 PM | #22 |
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If you read the terms of various warranties and what they cover and what they don't cover, and read stories of people who have had to deal with various warranty claims and the number of times they were refused or not paid in full, especially given you already have a CPO warranty that covers the 'expensive' stuff... you will probably want to forget about additional warranty on top of what you already have, and just save the money and find an honest independent BMW repair person in your area to work with if/when needed.
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