Extended Warranty...?

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Aug 17, 2008 | 06:27 PM

tarfoot7

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Joined: Aug 2008

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From: Atlanta, GA

My Ride: 2005 545i Black Sapphire Metallic; Sport Package, Black Dakota Interior, Premium Package, Cold Weather Package, Shade Package, Pro logic 7 Premium Sound, Park Distance Control, Bluetooth, Active Steering, Front/Rear Heated Seats and Steering Wheel, Xenon lights

I've had my 2005 545i for a little over two weeks now. I got it with 63k miles and no extended warranty. I did get the car checked out before buying by one the best bmw guys in my area and he said it looked great and saw no current problems and didn't see anything that would be coming up soon that would need to be done.

I was wondering everyone's opinions on getting an extended warranty? I understand that its likely smart to go ahead and get it, but what are the big things that I can plan on having to pay for in the next 40k that would be covered under such a warranty? Is it likely that I'll get value out of the warranty if I purchase one?

And if the consensus is yes, which warranty companies are the best? I've heard plenty of horror stories of 'extended warranty scams'. Just wondering about reputable ones to go with.

Thanks in advance!

Aug 17, 2008 | 06:30 PM

gregg2gs

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Joined: Jun 2008

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From: Queens/Long Island NY

My Ride: 2006 550i Black Saphire/Black Dakota Leather- Loaded- M5 Appearance Package, Sport Package, Pro logic 7 Premium Sound, Navigation, Cold Weather Package, Comfort Package, Heads-up Display, park Distance Control, Bluetooth, Active Steering, Electric Rear Sunshade, Rear Folding Seats, Front/Rear Heated Seats, Xenon lights, Satelite Radio- Extended Maintenance, CPO (Considering Tire/Wheel Insurance)

Get one and ask your BMW dealer. They are all scams, but you just have to be smart. BTW, these f'in cars are way expensive to fix. unlessyou have a money tree in those pants, go for an extended. Would have recommedned a CPI car if you didn't already have one. GL

Aug 17, 2008 | 06:52 PM

evo42

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Joined: Jul 2008

Posts: 179

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From: MN

Get a warranty. My bank offered one at purchase and I picked it up quickly. My biggest driver was the fact that I can't affor the three hours of labor to remove all the plastic to get to the motor...

Get a drivetrain warranty at the very least....

Aug 18, 2008 | 05:32 AM

luigi524td

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From: The State of Southern NJ!

In my experience the V-8 BMW's have some repair and maintenance issues as the miles move up there. This is not a criticism of the product - they are complex machines. Electronics aren't getting any simpler. That said I recommend you shop for an extended warranty program. Be sure to examine what coverages are provided.

Aug 18, 2008 | 05:52 AM

kxmills

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Joined: Aug 2008

Posts: 153

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From: New Jersey

My Ride: 2005 545/SMG Sport Package HUD Logic 7 Bluetooth NAV Cold Weather Package

Quote:

Originally Posted by luigi524td' post='649002' date='Aug 18 2008, 09:32 AM

Who do you recommend?

Aug 18, 2008 | 07:44 AM

khalik

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Joined: Nov 2004

Posts: 38

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From: Vancouver B.C. Canada

My Ride: 07/2004 530i 2007 X5 4.8i

Quote:

Originally Posted by kxmills' post='649013' date='Aug 18 2008, 06:52 AM

Who do you recommend?

From Old Republic Insurance Company in Canada.

Based on you
purchasing your warranty with at least 2000 kms remaining on your factory warranty and two
months. This warranty is the Gold coverage which is basically bumper to bumper, and covers virtually
every factory installed part except wear parts (brake pads, light bulbs, etc.) and includes a 0 deductible.

4 years/120,000 kms $2419
5 years/120,000 kms $2661
6 years/120,000 kms $2918

Warranty is transferable, so it will enhance your resale value as well.

I will be getting the 6 year/120,000 Kms warranty. Current mileage 37,000 kms