Extended Warranty
#1
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Car has 53K on it, I screwed up and didn't get an extended warranty before the factory 50K expired so here is what the dealer quoted me right out of his book, I didn't try to negotiate and I assume they can be talked down a bit:
$100 Deductible
24mo/24K $2825
36/36K 3179
48/50k 3922
250 Deductible
24/24K $2580
36/36k 2857
48/50K 3381
So, if I intend to keep this car, which I do, is the extended warranty worth it? If it was a Civic I say no, 1st BMW so I really hope it is as reliable. I know repairs are expensive but I have always been the one to think extended warranties were a rip off. What do you all think?
Next question, how do these prices look? I have nothing to compare them to. How much do you think they can come off these prices?
$100 Deductible
24mo/24K $2825
36/36K 3179
48/50k 3922
250 Deductible
24/24K $2580
36/36k 2857
48/50K 3381
So, if I intend to keep this car, which I do, is the extended warranty worth it? If it was a Civic I say no, 1st BMW so I really hope it is as reliable. I know repairs are expensive but I have always been the one to think extended warranties were a rip off. What do you all think?
Next question, how do these prices look? I have nothing to compare them to. How much do you think they can come off these prices?
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Ask them if the warranty is direct from BMW or another company like Mercury. This is what I have:
Coverage Selected: American Mercury Platinum (Total Miles)
Term Selected: 48 Months / 100000 Miles
Deductible: $0 Deductible
Total Amt: $3120.12
They also give you payment options 0% interest which is nice if you don't have the $3000 to spend. Here's what it covers: http://www.autowarrantybroker.com/extended...ns_default.aspx
Oh and GET THE WARRANTY![Smile](https://5series.net/forums/images/smilies/imported/smile.gif)
Coverage Selected: American Mercury Platinum (Total Miles)
Term Selected: 48 Months / 100000 Miles
Deductible: $0 Deductible
Total Amt: $3120.12
They also give you payment options 0% interest which is nice if you don't have the $3000 to spend. Here's what it covers: http://www.autowarrantybroker.com/extended...ns_default.aspx
Oh and GET THE WARRANTY
![Smile](https://5series.net/forums/images/smilies/imported/smile.gif)
Originally Posted by sixgun95' post='741700' date='Dec 9 2008, 04:07 PM
Car has 53K on it, I screwed up and didn't get an extended warranty before the factory 50K expired so here is what the dealer quoted me right out of his book, I didn't try to negotiate and I assume they can be talked down a bit:
$100 Deductible
24mo/24K $2825
36/36K 3179
48/50k 3922
250 Deductible
24/24K $2580
36/36k 2857
48/50K 3381
So, if I intend to keep this car, which I do, is the extended warranty worth it? If it was a Civic I say no, 1st BMW so I really hope it is as reliable. I know repairs are expensive but I have always been the one to think extended warranties were a rip off. What do you all think?
Next question, how do these prices look? I have nothing to compare them to. How much do you think they can come off these prices?
$100 Deductible
24mo/24K $2825
36/36K 3179
48/50k 3922
250 Deductible
24/24K $2580
36/36k 2857
48/50K 3381
So, if I intend to keep this car, which I do, is the extended warranty worth it? If it was a Civic I say no, 1st BMW so I really hope it is as reliable. I know repairs are expensive but I have always been the one to think extended warranties were a rip off. What do you all think?
Next question, how do these prices look? I have nothing to compare them to. How much do you think they can come off these prices?
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I agree ... while the 525 is pretty reliable one major mechanical failure after your warranty expires will cover the cost of a BMW warranty. And, since you're so so little over the covered warranty, I can't imagine why the prices would jump so much for a BMW Warranty. It does look like you're being quoted an independent insurance package and IMHO the price quotes is a bit high!
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I'm pretty sure BMW uses an independent insurance company for all its extended warranties if you don't buy it at the time you purchase your car.
Like I said ask your dealership if it's BMW covering the extended or another company. If it's another company BMW is definitely marking the price up.
Michael
Like I said ask your dealership if it's BMW covering the extended or another company. If it's another company BMW is definitely marking the price up.
Michael
Originally Posted by luigi524td' post='741750' date='Dec 9 2008, 04:50 PM
I agree ... while the 525 is pretty reliable one major mechanical failure after your warranty expires will cover the cost of a BMW warranty. And, since you're so so little over the covered warranty, I can't imagine why the prices would jump so much for a BMW Warranty. It does look like you're being quoted an independent insurance package and IMHO the price quotes is a bit high!
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Originally Posted by myfootsmells' post='741713' date='Dec 9 2008, 05:19 PM
Ask them if the warranty is direct from BMW or another company like Mercury. This is what I have:
Coverage Selected: American Mercury Platinum (Total Miles)
Term Selected: 48 Months / 100000 Miles
Deductible: $0 Deductible
Total Amt: $3120.12
They also give you payment options 0% interest which is nice if you don't have the $3000 to spend. Here's what it covers: http://www.autowarrantybroker.com/extended...ns_default.aspx
Oh and GET THE WARRANTY![Smile](https://5series.net/forums/images/smilies/imported/smile.gif)
Coverage Selected: American Mercury Platinum (Total Miles)
Term Selected: 48 Months / 100000 Miles
Deductible: $0 Deductible
Total Amt: $3120.12
They also give you payment options 0% interest which is nice if you don't have the $3000 to spend. Here's what it covers: http://www.autowarrantybroker.com/extended...ns_default.aspx
Oh and GET THE WARRANTY
![Smile](https://5series.net/forums/images/smilies/imported/smile.gif)
#6
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I just tried them, and I guess they don't sell these in CA anymore...anyone found a good plan in CA?
http://aaautowarranty.com/
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I have mine through Fidelity Warranty Services, obtained from BMW of Atlanta. I have a $100 deductible. Last week the car was in for a transmission seal issue. They replaced the seal, but state a new tranny may be needed. Cost of the seal replacement? $895 bucks. Cost of a new tranny? Around $8000 bucks. Cost to me? $152 bucks. Not free, but much easier to swallow. The cost was around $2500 a couple years ago. The peace of mind is invaluable - I'm not worried until I hit the 100K mark.
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Originally Posted by advancedlogic' post='741852' date='Dec 9 2008, 08:42 PM
I have mine through Fidelity Warranty Services, obtained from BMW of Atlanta. I have a $100 deductible. Last week the car was in for a transmission seal issue. They replaced the seal, but state a new tranny may be needed. Cost of the seal replacement? $895 bucks. Cost of a new tranny? Around $8000 bucks. Cost to me? $152 bucks. Not free, but much easier to swallow. The cost was around $2500 a couple years ago. The peace of mind is invaluable - I'm not worried until I hit the 100K mark.
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http://www.fidelitywarrantyservices.com/
Originally Posted by xoeightx' post='741922' date='Dec 9 2008, 08:54 PM
post more info pls