Extended Warranty-- Worth It?
04-30-2014, 08:59 AM
#1
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Extended Warranty-- Worth It?
Hi Follow Members,
I'm considering the purchase of an extended warranty for my 2006 550i w/ 147k miles. I just spent $4k on new alternator, new valve stem seals, new front pads/rotors, new vacuum pump, and new gaskets at upper timing covers, valve covers and alternator bracket. CPO warranty installed new tranny at 100k. Looks and runs great! I plan to keep for another 3 years or so. Can I buy an extended warranty at this point? If so, what is the approx. cost? And should I do so? I would appreciate any comments you have.
Happy Motoring!
Psam550
I'm considering the purchase of an extended warranty for my 2006 550i w/ 147k miles. I just spent $4k on new alternator, new valve stem seals, new front pads/rotors, new vacuum pump, and new gaskets at upper timing covers, valve covers and alternator bracket. CPO warranty installed new tranny at 100k. Looks and runs great! I plan to keep for another 3 years or so. Can I buy an extended warranty at this point? If so, what is the approx. cost? And should I do so? I would appreciate any comments you have.
Happy Motoring!
Psam550
04-30-2014, 09:36 AM
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My Ride: 2006 BMW 530I
Model Year: 530i
When I was shopping for an extended warranty at 56,000 miles, they quoted me around $6,000. Shop around and see if it's worth it.
From what you have already replaced, your car should be trouble free for another 3-4 years.
From what you have already replaced, your car should be trouble free for another 3-4 years.
Hi Follow Members,
I'm considering the purchase of an extended warranty for my 2006 550i w/ 147k miles. I just spent $4k on new alternator, new valve stem seals, new front pads/rotors, new vacuum pump, and new gaskets at upper timing covers, valve covers and alternator bracket. CPO warranty installed new tranny at 100k. Looks and runs great! I plan to keep for another 3 years or so. Can I buy an extended warranty at this point? If so, what is the approx. cost? And should I do so? I would appreciate any comments you have.
Happy Motoring!
Psam550
I'm considering the purchase of an extended warranty for my 2006 550i w/ 147k miles. I just spent $4k on new alternator, new valve stem seals, new front pads/rotors, new vacuum pump, and new gaskets at upper timing covers, valve covers and alternator bracket. CPO warranty installed new tranny at 100k. Looks and runs great! I plan to keep for another 3 years or so. Can I buy an extended warranty at this point? If so, what is the approx. cost? And should I do so? I would appreciate any comments you have.
Happy Motoring!
Psam550
04-30-2014, 11:49 AM
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05-01-2014, 05:04 PM
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My Ride: 2007 s2si and 2010 M5
If you can afford it just having the peace of mind would be worth it. I have extended for another couple years and it helps me sleep better at night.
05-02-2014, 09:01 AM
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My Ride: PHINEASS. 2008 535i Alpine White/ Light Beige Dakota/ Dark Poplar with Sports, Premium, Navigation, Cold Weather, Comfort Access, Satellite Radio, Ipod & USB, Legal Tinted, All Weather Front, Rear and Trunk mats, Detailed and Clay Treated.
Model Year: 2008
Worth every penney of it! At least it was for me. I bought mine from Costco. The warranty is awesome, per the stealer!!
05-02-2014, 01:10 PM
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My Ride: 2007 550i Sport
Hi Follow Members,
I'm considering the purchase of an extended warranty for my 2006 550i w/ 147k miles. I just spent $4k on new alternator, new valve stem seals, new front pads/rotors, new vacuum pump, and new gaskets at upper timing covers, valve covers and alternator bracket. CPO warranty installed new tranny at 100k. Looks and runs great! I plan to keep for another 3 years or so. Can I buy an extended warranty at this point? If so, what is the approx. cost? And should I do so? I would appreciate any comments you have.
Happy Motoring!
Psam550
I'm considering the purchase of an extended warranty for my 2006 550i w/ 147k miles. I just spent $4k on new alternator, new valve stem seals, new front pads/rotors, new vacuum pump, and new gaskets at upper timing covers, valve covers and alternator bracket. CPO warranty installed new tranny at 100k. Looks and runs great! I plan to keep for another 3 years or so. Can I buy an extended warranty at this point? If so, what is the approx. cost? And should I do so? I would appreciate any comments you have.
Happy Motoring!
Psam550
05-02-2014, 01:45 PM
#8
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Thread Starter
Endurance Insurance. 855-765-9389. They offer a pretty strong policy for cars w/ less than 150k miles-- called the "Extra-Supreme" policy (sounds like a burger....) They quoted me $4989 for a 5 year/100k mile warranty. Pretty comprehensive coverage, including "seals and gaskets". And it includes rental car for repairs that take longer than a day. And road side service. Transferable for $50/fee. $498/now. And $249/mo for 18 months. I SHOULD HAVE BOUGHT THIS LONG AGO!
Now, after all I have fixed out of pocket, I think it's a bad bet. And routine maintenance is not covered (brakes, tires, oil, battery, ect.) I think I'm going to pass....
Last edited by psam550; 05-02-2014 at 01:47 PM. Reason: add
05-02-2014, 03:36 PM
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And Carchex just quoted me $3722 for 5yrs/100k. Not as comprehensive as Endurance-- but still good. BTW, the seals and gaskets may be covered as part of a repair-- not just for leaks. Not sure. Your results may vary! And these policies are apparently not offered in CA...
05-03-2014, 09:16 AM
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My Ride: 2007 s2si and 2010 M5
Endurance Insurance. 855-765-9389. They offer a pretty strong policy for cars w/ less than 150k miles-- called the "Extra-Supreme" policy (sounds like a burger....) They quoted me $4989 for a 5 year/100k mile warranty. Pretty comprehensive coverage, including "seals and gaskets". And it includes rental car for repairs that take longer than a day. And road side service. Transferable for $50/fee. $498/now. And $249/mo for 18 months. I SHOULD HAVE BOUGHT THIS LONG AGO!
Now, after all I have fixed out of pocket, I think it's a bad bet. And routine maintenance is not covered (brakes, tires, oil, battery, ect.) I think I'm going to pass....
Now, after all I have fixed out of pocket, I think it's a bad bet. And routine maintenance is not covered (brakes, tires, oil, battery, ect.) I think I'm going to pass....