Extended warranty
#4
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Originally Posted by drjochen' date='Apr 29 2005, 08:05 AM
Did you get an extended warranty offered by your dealer when you purchased the car?
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I did and I bought it as I figured 1st year model and I plan on keeping the car for a while.
My coverage is extended to 7 years/70K( i put way less then 10K a year on my car). I figured one HUD display or CCC would pay for it. However, I can't remeber what I paid.
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If I may add further to your question, how do dealers handle extended warranties at the end of a lease period? Are they available and how does the price compare to purchasing ext warranties at the time the car is purchased? Thx.
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Well if you've leased the car, the lease should be up before the 4 yr/50,000 miles warranty is, so that shouldn't be a problem. If you are going to buy the car at the end of the lease, then maybe you'll want one, but I'm sure you can take care of that when you work with the dealer at the end of the lease. The real issue is who you are buying the extended warranty from (the dealer, but is it a BMW warranty or a 3rd party). Be carefule and read the fine print on any warranty to be sure exactly what is covered and what isn't...
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Originally Posted by kscarrol' date='Apr 29 2005, 08:52 AM
Well if you've leased the car, the lease should be up before the 4 yr/50,000 miles warranty is, so that shouldn't be a problem.? If you are going to buy the car at the end of the lease, then maybe you'll want one, but I'm sure you can take care of that when you work with the dealer at the end of the lease.? The real issue is who you are buying the extended warranty from (the dealer, but is it a BMW warranty or a 3rd party).? Be carefule and read the fine print on any warranty to be sure exactly what is covered and what isn't...
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The extended warranty you purchase, I believe, is not the same as the extended warranty offered on a CPO vehicle by BMW - which is much like the new vehicle warranty.
Everything I have read/heard is that the extended warranties are money makers for the dealers. Like anything, this may not be the case if your Idrive display takes a dump.
I for one, would be very interested in what you find out by reading the details.
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Originally Posted by jsal' date='Apr 29 2005, 11:01 AM
Everything I have read/heard is that the extended warranties are money makers for the dealers.? Like anything, this may not be the case if your Idrive display takes a dump.
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Originally Posted by kscarrol' date='Apr 29 2005, 08:52 AM
Well if you've leased the car, the lease should be up before the 4 yr/50,000 miles warranty is, so that shouldn't be a problem.? If you are going to buy the car at the end of the lease, then maybe you'll want one, but I'm sure you can take care of that when you work with the dealer at the end of the lease.? The real issue is who you are buying the extended warranty from (the dealer, but is it a BMW warranty or a 3rd party).? Be carefule and read the fine print on any warranty to be sure exactly what is covered and what isn't...
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In my opinion, on high end German cars, the extended warranty is a VERY smart thing to do.
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Originally Posted by ZinMe' date='Apr 29 2005, 11:50 AM
Yes, I guess I'll ask the dealer today, but my question is more how does the pricing and coverage differ if I were to buy the car today and buy the warranty today vs. leasing today and buying the warranty in three years when the lease is up and I exercise the purchase option?
In my opinion, on high end German cars, the extended warranty is a VERY smart thing to do.
In my opinion, on high end German cars, the extended warranty is a VERY smart thing to do.
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