[Joe-BMW33]

I'm certainly not discouraging extended warranties or even the a la cart stuff like wheel and tire, which I bought and I probably won't use $2,000 worth of claims, but it allows me to drop at the dealer, grab a loaner and have them repair rash, give me a new tire, fix or replace a wheel etc.

As much as I would prefer to buy and extra year or two of BMW CPO, I really would have to be honest with myself on whether I am keeping the car for those two more years. Because, I did this on the last car and I didn't even keep it long enough to get into those years. This was a Maserati and they also said that it's attached to the VIN and no refund for me. Those two extra years got me squat on my trade. Sure it makes it appealing to the next buyer, but they don't pass that on to you.

My BMW dealer concurred, there is no refund on unused warranty on BMW warranty. Third party yes but they discouraged me from these because of coverage limitations or rather they don't compare.

Not sure what I'm going to do in January of 2023. I do like peace of mind over self insuring.

[ksoze]

Originally Posted by Joe-BMW33

My BMW dealer concurred, there is no refund on unused warranty on BMW warranty. Third party yes but they discouraged me from these because of coverage limitations or rather they don't compare.

Not sure what I'm going to do in January of 2023. I do like peace of mind over self insuring.

Joe - consider a BMW Extended Warranty and purchase from a popular CA dealer here. Excellent pricing AND cancelable. I am in the same place right now as my original warranty ends early next year. These cars are great, but also can be wallet busters if something major goes bad. I figure I can get 7 years which may be beyond my ownership, but I essentially pay as I go (about $1,200 a year). Usually not a fan of extended warranties, however I usually lease and turn in. This is car was a keeper when I bought it out in the spring, but I did get use to always being in warranty.

[Joe-BMW33]

Originally Posted by ksoze

Joe - consider a BMW Extended Warranty and purchase from a popular CA dealer here. Excellent pricing AND cancelable. I am in the same place right now as my original warranty ends early next year. These cars are great, but also can be wallet busters if something major goes bad. I figure I can get 7 years which may be beyond my ownership, but I essentially pay as I go (about $1,200 a year). Usually not a fan of extended warranties, however I usually lease and turn in. This is car was a keeper when I bought it out in the spring, but I did get use to always being in warranty.

Thanks man, I agree on the exposure of an expensive repair. I have been calling and emailing around to different dealers. People do rave about Fidelity Platinum too which is only sold through car dealers and lenders. I got a quote a while back on that too. Can't remember the details. Please keep me posted on your search. You will probably take me to school.

[TacticalGunnarM550]

Originally Posted by Joe-BMW33

Thanks man, I agree on the exposure of an expensive repair. I have been calling and emailing around to different dealers. People do rave about Fidelity Platinum too which is only sold through car dealers and lenders. I got a quote a while back on that too. Can't remember the details. Please keep me posted on your search. You will probably take me to school.

So here's what i got…Roadvantage elite, 100k good until 2029.. seems like a pretty solid warranty, and it's refundable if i don't keep the car or decide to cancel it.

[turbobeagle]

As others already mentioned, underwriters price the policies to earn a healthy profit. The only scenario where I would purchase the extended warranty is if I somehow have ~$3k for a policy but don’t have ~$10k to self-insure. That’s a pretty specific liquidity window. I’ve been on either side of that for extended periods of time, but there’s probably only a few months in my entire life that I’ve been within that window.

I see these policies as “liquidity insurance”. Nothing more.

[Mach550]

I spoke to Christine and she said that what she quoted me were through BMW and not a third party program. Reading through this thread some of the higher mileage options should not be available through BMW. Should I be concerned? I'm thinking about going with 72/100k option.

[cclcal]

Originally Posted by TacticalGunnarM550

[IMG][/IMG]

My friends the finance manager at a local dealer, he quoted me $3500 with roadvantage elite.. pretty sure I'm doing this. He said they normally sell it for 5k but he cut out the overhead. My cars an 18 CPO that i purchased 2 weeks ago with 30k on it..this would protect me for up to 100k miles until 2026. This dealer group sells these warranties at their Porsche dealership, bmw, Audi and some others.

3500$ for 8yr/100K miles seems like a great deal
my quote for 7yr/100K, 100$ deductible is 3900$

can i get the same deal from your friend?

[Pierre Louis]

Originally Posted by cclcal

3500$ for 8yr/100K miles seems like a great deal
my quote for 7yr/100K, 100$ deductible is 3900$

can i get the same deal from your friend?

Haven't had much work done on any car in the last 25 years with up to 100,000 miles...

[TacticalGunnarM550]

Originally Posted by cclcal

3500$ for 8yr/100K miles seems like a great deal
my quote for 7yr/100K, 100$ deductible is 3900$

can i get the same deal from your friend?

Yeah shoot me a message. We're in New York State.

[Sxs1687]

Originally Posted by LogicalApex

Are you sure?

You're supposed to be get a prorated refund at least if the vehicle was declared a total loss.

https://www.bimmerfest.com/attachmen...ct-pdf.399814/

I bought a 4 yr unlimited mileage warranty for $5200 through my BMW dealer (Hendricks). I've had the car about a month and now I'm debating canceling it. I had a similar warranty on my F10 550i and used it twice, def not the $4900 I paid for it 4 yrs ago. Been teetering between canceling this and getting 5200 back or keeping it just in case.

[Stlcpa]

Originally Posted by Pierre Louis

Usually around 30,000 miles per year.

I use reverse logic: if extended warranties were good, we wouldn't be getting robo calls and massive infomercials to sell them. The profit margin for the seller must be tremendous and/or the payouts stingy.

I would make sure the car that I'm buying is high quality and somewhat reliable, as well as treat it as a valuable device with respect. Its my observation lurking in these forums that many German car drivers especially ones that lease drive their cars as if they are Porsches. My brakes, on the other hand, seem to last forever. I'm taking the risk for repairs so I treat the car really well (my German mechanic can back this up).

Cheers.

With this mentality I assume you, and others here, are also opposed to gambling in a casino. You know the house is always going to win overtime, those $1b palaces aren't built on the backs of winners.

As much as anything, it also has to do with how much you are willing to live with being broken. I can't begin to count the number of times I have been in people's cars where they say, yeah that's been broken or not working right for a while but it doesn't bother me much. For those that all the little shit bothers, they add up over time.

[LogicalApex]

Now that G30 cars are coming off the 4Y 50K mile bumper to bumper warranty. We'll start to get some details on failure conditions that owners are having and if those of us who hedged were on the right or wrong side of the house.

A new wrinkle in all of it is the latest inflationary pressures. If they persist for a while we may see those who hedged ending up better off as they have locked in labor and part rates for the duration of their extended contracts at pre-inflationary values -- be it warranty or maintenance.

But dealers near me are now advertising monthly payment plans for repair bills. So there must be a lot of owners who wished they had an extended warranty to act like a tourniquet for their bleeding.

[turbobeagle]

Originally Posted by LogicalApex

A new wrinkle in all of it is the latest inflationary pressures. If they persist for a while we may see those who hedged ending up better off as they have locked in labor and part rates for the duration of their extended contracts at pre-inflationary values -- be it warranty or maintenance.

This kind of analysis can be tricky because you will have to make assumptions about what the money would have been invested in, had the insurance not been purchased. Many asset classes have (greatly) appreciated far beyond even the highest estimates of true inflation.

[Balster]

BMW insured warranty is definitely worth it if you have loads of tech options. Eg HUD is £1000 for the unit and then fitting in top. I have it on mine cost about £100 pm. However it does not cover everything eg corroded alloy wheels, which would be replaced under standard BMW warranty.

[Pierre Louis]

Originally Posted by Stlcpa

With this mentality I assume you, and others here, are also opposed to gambling in a casino. You know the house is always going to win overtime, those $1b palaces aren't built on the backs of winners.

As much as anything, it also has to do with how much you are willing to live with being broken. I can't begin to count the number of times I have been in people's cars where they say, yeah that's been broken or not working right for a while but it doesn't bother me much. For those that all the little shit bothers, they add up over time.

Yes, gambling is not my thing unless the real odds are stacked in my favor, which doesn't happen with most extended warranties which have built in profits - witness how many spam calls with warranties. The odds are better with products that have high build quality and reliability so unless you believe whatever you buy is unreliable, my experience has been to put my money elsewhere. So far so good, as I am literally $24,000 ahead of potential extended warranty repairs. And no, I am intolerant of anything that is "broken." I've also experienced several cars that are not fixable under warranty - defective product the dealers had trouble with.

[ezaircon4jc]

Originally Posted by Pierre Louis

Yes, gambling is not my thing unless the real odds are stacked in my favor, which doesn't happen with most extended warranties which have built in profits - witness how many spam calls with warranties. The odds are better with products that have high build quality and reliability so unless you believe whatever you buy is unreliable, my experience has been to put my money elsewhere. So far so good, as I am literally $24,000 ahead of potential extended warranty repairs. And no, I am intolerant of anything that is "broken." I've also experienced several cars that are not fixable under warranty - defective product the dealers had trouble with.

I remember being with my dad when he was buying a washing machine at Sears. After all the sales stuff was over the salesman started heavily pushing the extended warranty (this was 1973ish and extended warranties were pretty new). My dad let him go on and on, asking questions about the warranty and why it was needed. After the salesguy explained why my parents should pop for the warranty, my dad's response was priceless... "So what you're telling me is you're selling me junk." The salesguy had no response!

I purchased one extended warranty on a car and the one repair the car needed wasn't covered. I'm loathe to purchase another.

[LWRSB]

Hi all. Has anyone had any experience with this warranty company? My BMW dealer uses this company and offered the Premier Coverage plan with a $50 deductible per repair for 6 years/60k miles from time of purchase for $2000. I thought the price was good for an exclusionary product but wanted advice as to whether to go with them or a company like Fidelity.

[Joe-BMW33]

Originally Posted by LWRSB

Hi all. Has anyone had any experience with this warranty company? My BMW dealer uses this company and offered the Premier Coverage plan with a $50 deductible per repair for 6 years/60k miles from time of purchase for $2000. I thought the price was good for an exclusionary product but wanted advice as to whether to go with them or a company like Fidelity.

Who are they? I don't think you said who they were?

[LWRSB]

Here is a link to the company: https://www.egassurance.com/products/vsc.html

I also attached a sheet for what is covered by my dealer.

[S6F]

Has anyone looked into an Allstate Extended Warranty? Pricing seems excellent.

[Mosaud1998]

I got a quote for a platinum BMW warranty. The Platinum CPO warranty with no deductible. Starts from the original sale date.

6 year/unlimited miles warranty for $2750
7 year/unlimited mile warranty $4200

Doesn't seem worth it imo. I drive maybe a max of 3k/year

Maintenance includes the brakes
4 years/50k miles $1549
5 years/75k miles $2449
6 years/100k miles $3599
7 years/125k miles $4649

[NGT2]

Originally Posted by Mosaud1998

I got a quote for a platinum BMW warranty. The Platinum CPO warranty with no deductible. Starts from the original sale date.

6 year/unlimited miles warranty for $2750
7 year/unlimited mile warranty $4200

Doesn't seem worth it imo. I drive maybe a max of 3k/year

Maintenance includes the brakes
4 years/50k miles $1549
5 years/75k miles $2449
6 years/100k miles $3599
7 years/125k miles $4649

What if you're buying this and you're in year 5, since production?

I've got CPO through fall of 2023 already, the car is a 2018. So I'm wondering if there's an prorated consideration for where you are.