E60 Discussion Anything and everything to do with the E60 5 Series. All are welcome!

For a 07 550i how much should I expect to pay for an extended warranty

Thread Tools
 
Search this Thread
 
Old 08-23-2009, 03:41 AM
  #1  
Contributors
Thread Starter
 
dentity's Avatar
 
Join Date: Aug 2009
Location: Providence RI
Posts: 316
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 2007 550i Titanium Grey Metallic - 6 Speed Manual, Sport Suspension, Premium, Cold Weather, Navigation, Shades, L7 Sound
Default

I have a 2007 550i that I bought recently that is cpo. The mileage is about 45k. I wanted to know if I have an option to buy an additional warranty from the bmw dealer? I guess to extend the first warranty and include service; oil change brakes and wipers. The cpo covers 2 y 100 miles but I am wondering about better coverage with the service/extended warranty.
What should I expect to pay for the extension of the first warranty?

thank you in advance

dentity
Old 08-23-2009, 06:03 PM
  #2  
Members
 
SpookyJohn's Avatar
 
Join Date: Oct 2008
Location: Navarre, FL
Posts: 34
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 2006 BMW 550i * SMG * Sport * Premium * Cold * Nav * Logic 7 * 6-Disc * HUD * Comfort Seats * Sprint Booster * M-Tech Body Kit * 20" AC Schnitzer Type III Racing Wheels * Black Out Front Grille * Black/Silver Carbon Fiber Roundels * AC Schnitzer Trunk/Roof Spoilers * AC Schnitzer Billet Pedals
Default

Originally Posted by dentity' post='986036' date='Aug 23 2009, 06:41 AM
I have a 2007 550i that I bought recently that is cpo. The mileage is about 45k. I wanted to know if I have an option to buy an additional warranty from the bmw dealer? I guess to extend the first warranty and include service; oil change brakes and wipers. The cpo covers 2 y 100 miles but I am wondering about better coverage with the service/extended warranty.
What should I expect to pay for the extension of the first warranty?

thank you in advance

dentity
It sounds like you want to extend the maintenance, not the warranty. Mine would've been ~$1500 for the 06 550i. I passed.
Old 08-23-2009, 06:15 PM
  #3  
Contributors
 
theXman's Avatar
 
Join Date: Sep 2007
Location: Jersey
Posts: 7,053
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 2004 530i
Model Year: 2004
Default

I don't believe there is any more extended warranty from BMW beyond the CPO coverage. What you can buy is maintenance coverage which is about $1500 to $1700. If you car is running fine, then save the money and find a good indy shop for services.
Old 08-23-2009, 07:45 PM
  #4  
Senior Members
 
Da_Meister_22's Avatar
 
Join Date: Apr 2009
Location: Miami, FL
Posts: 2,187
Likes: 0
Received 0 Likes on 0 Posts
My Ride: M5
Model Year: 2013
Engine: S63
Default

Good topic. I was actually wondering the same thing??

I bought CPO and they only extend pay for the mechanical warranty not the service!

My service is due on November 2010, I came from my dealer 3 days ago from dropping off my car. Then it occurred me to ask how much would it be to renew it, and they told me it was $2,195 for my 2007 530i.

Now my question is, if we buy the warranty from another BMW dealer (one that offers it cheaper) would it be valuable at my dealer or is it only at the dealer you bought it from??
Old 08-23-2009, 10:19 PM
  #5  
Contributors
 
v_therussian's Avatar
 
Join Date: Aug 2008
Location: Zoo York
Posts: 9,986
Likes: 0
Received 1 Like on 1 Post
My Ride: Alpine White 2006 530Xi (SLD)
Default

Originally Posted by dentity' post='986036
Good topic. I was actually wondering the same thing??

I bought CPO and they only extend pay for the mechanical warranty not the service!

My service is due on November 2010, I came from my dealer 3 days ago from dropping off my car. Then it occurred me to ask how much would it be to renew it, and they told me it was $2,195 for my 2007 530i.

Now my question is, if we buy the warranty from another BMW dealer (one that offers it cheaper) would it be valuable at my dealer or is it only at the dealer you bought it from??
if you tell your dealer you're gonna get the same warranty from another dealer for 1500, chances are they'll give you the same price - 1500.

But if you do end up getting the warranty from another dealer, you should look through the fine print to see if there is a cap on labor rates and what the cap is. You should also make sure that the warranty coverage does not require you to use any specific shops, but rather allows you to take your car to any dealer/shop/garage you wish.
Old 08-24-2009, 05:08 AM
  #6  
Contributors
 
theXman's Avatar
 
Join Date: Sep 2007
Location: Jersey
Posts: 7,053
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 2004 530i
Model Year: 2004
Default

Originally Posted by Da_Meister_22' post='986747' date='Aug 23 2009, 11:45 PM
Good topic. I was actually wondering the same thing??

I bought CPO and they only extend pay for the mechanical warranty not the service!

My service is due on November 2010, I came from my dealer 3 days ago from dropping off my car. Then it occurred me to ask how much would it be to renew it, and they told me it was $2,195 for my 2007 530i.

Now my question is, if we buy the warranty from another BMW dealer (one that offers it cheaper) would it be valuable at my dealer or is it only at the dealer you bought it from??
You can buy the extended BMW Maintenance warranty from any BMW dealers and your car will be serviced at any BMW dealers of your choice.
Old 08-24-2009, 01:56 PM
  #7  
Members
 
rdcjohn's Avatar
 
Join Date: Aug 2009
Location: RSM, CA 92688
Posts: 8
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 07 BMW 550i. Bone stock, just purchased.
Default

Originally Posted by theXman' post='987016' date='Aug 24 2009, 08:08 AM
You can buy the extended BMW Maintenance warranty from any BMW dealers and your car will be serviced at any BMW dealers of your choice.
My dealership wants $2700 for the extended maintenance plan. (Irvine BMW). I passed.
Old 08-24-2009, 11:36 PM
  #8  
Contributors
 
AlexPS's Avatar
 
Join Date: Jun 2009
Location: San Diego, CA
Posts: 80
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 2007 E60 530i 2007 E70 X5 3.0si 2001 E53 X5 3.0 (gone) 1997 E39 528i (gone)
Default

Extended maintenance policy (oil change, brakes, inspection, etc.) can be purchased from any BMW dealer and will be honored at any BMW centers. I purchased one at a very good price. Let's just say about $1,000 less than regular price locally here in CA. PM me if you're interested in getting one (and/or a good extended warranty plan). I'm not the one selling this, and I have no business affiliation with him, just passing on some information.
Old 08-25-2009, 02:27 AM
  #9  
Contributors
 
BLooD's Avatar
 
Join Date: Mar 2009
Location: Essex, UK.
Posts: 2,553
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 2006 530 d M-sport e60
Default

i have the BMW extended warranty, costs me ?58 p/m to cover every thing, going to make good use of it on sept 24th as my baby is bleeding (oil leak)
Old 08-25-2009, 04:39 AM
  #10  
Contributors
 
sdg1871's Avatar
 
Join Date: Mar 2009
Location: New York, New York
Posts: 10,301
Likes: 0
Received 0 Likes on 0 Posts
My Ride: See my signature
Default

Originally Posted by rdcjohn' post='987468' date='Aug 24 2009, 05:56 PM
My dealership wants $2700 for the extended maintenance plan. (Irvine BMW). I passed.
These types of things have huge profit margins built in and are generally very negotiable. For my 540i Sport, I shopped around ruthlessly for a wheel and tire warranty and ended up with a price 1/2 of what my then-dealer offered. (Of course, I never used it).
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
enjoyha
F10 Discussion
4
08-08-2015 08:51 PM
andrek
E60 Discussion
10
04-04-2015 08:47 AM
rmartin
E60 Discussion
29
06-12-2010 09:43 PM
brian1225
E60, E61 Parts, Accessories and Mods
8
07-12-2004 06:59 AM
svbmw
E60 Discussion
0
03-29-2004 12:06 PM



Quick Reply: For a 07 550i how much should I expect to pay for an extended warranty



All times are GMT -8. The time now is 02:32 PM.