11-15-2012, 07:47 PM | #1 |
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Anyone buy the BMW extended warranty?
Did anyone opt for the BMW extended warranty on the chassis/engine/drivetrain and/or the RFT's? If so, please share your quotes and final pricing (and logic). Seems terribly expensive! (I'm in Vancouver, Canada.)
Picking our car up on Sat! Woot! Thx, everyone! |
11-16-2012, 05:59 AM | #5 |
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You can buy the extended warranty at the end of your factory warranty. For my e90 328 Xdrive it was discounted to $2650 for the Gold Extended warranty. It extended my coverage to 6 years 100,000 miles. Well worth it if you're keeping your car for more than 50,000 miles. A water pump on a e90 costs $650 plus labor and goes at 60,000 miles.
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11-16-2012, 07:04 AM | #6 | |
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Extended warranties are almost always a bad deal. Just like gambling at a casino, unless you plan to cheat you're guaranteed to lose money in the long-run. |
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11-16-2012, 01:34 PM | #8 | |
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Look, these dealers are (usually) not stupid. For this to work out in your favor, you need at least a couple of major items to go wrong. You also have to be sure they are not excluded in the warranty somehow. Plus you probably have to do the work at a specific location, so if something goes wrong while you're on a road trip you may be SOL and not covered. We can all point to friends or personal experiences where we or they had expensive repairs and we "wish" we had purchased the extended coverage. It's part of human psychology, we tend to remember these experiences. We tend not to remember all the times that nothing (or nothing much) went wrong. Our brains simply aren't programmed that way. Dealers (and BMW) are taking advantage of you and your brain's evolutionary traits. Be strong and resist the urge to line their pockets with these excessively profitable extended warranties. They are a bad deal for consumers. |
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11-16-2012, 02:19 PM | #9 |
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http://www.bmwusa.com/Standard/Conte...ceUpgrade.aspx
According to this it sounds like brake pads and discs are included, which cost ~$400 on my E46... can't imagine what a 335i with M-Perf brakes is going to cost. It's a bit of a gamble, but the benefit is that (I think) you can purchase it at any time. If true, you could sit on it and see if your car is one that has issues, or is going to need those maintenance items within that 2 yr span. |
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11-16-2012, 03:44 PM | #10 |
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The warranty and the maintenance program are separate. Extending both will cost $ for both. Maintenance covers wear and tear items, warranty covers ... warranty items. haha.
I believe that most manufacturers cover the 4-6 years because if something has not failed in the first 4 years (original warranty), it is unlikely to fail in the next 2. You have to realize that corporations don't offer warranties to lose money. They will make money, and quite a bit of it. Insurance is just based on your level of risk tolerance. Some will do it and others could self-insure (put the $2-3k in the bank and if you don't need it at the end of the 6 years, more power to you) |
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11-16-2012, 05:43 PM | #11 |
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No warranties for me....EVER.
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11-18-2012, 10:52 AM | #12 |
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You want someone with a 2007 or 2008 335i to answer the extended warranty question. These are turbocharged and out of the original 4yr warranty period.
I bought a 3rd party 10yr/100k warranty from the dealer for my 2013 because the people I know who drive a BMW say it is a good idea. |
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11-19-2012, 10:16 PM | #13 | |
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That'd be me. Of course by responding here, I might be jinxing myself, but I'm at 5 years and 73,000 miles on my 2008 335ix. While I had some issues (fuel pump and a radiator issue) during the first four years, I've been clean since. John |
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11-19-2012, 11:34 PM | #14 | |
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The other downsides to buying EW at the time of purchase: if your car is written-off or stolen before the expiry of the normal 4 year factory warranty, you would lose the entire cost of the EW. In either event, the EW would not be transferable to a replacement car. However, with the BMWC EW, it is transferable to another owner in the event that you sold your car before the termination of the warranty. This fact would potentially enhance the re-sale value of the car.
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06-21-2016, 09:02 AM | #15 | |
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Always get a Warranty for a BMW. ALWAYS.
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Uh... I got the gold for my 2009 335i e93 for around $3.5K.... so far BMW has spent over $35K on repair and replacement parts. Electronic shifter component, new cats, new turbos, new HPFP, new roof motor, new roof hall sensor, new performance electronic steering wheel, new vanos, new belts and tensioner, and then finally, overriding all those replacements...they put in an brand new engine from Munich direct. So yeah... you are playing a dangerous game if you don't have a warranty on a BMW. Know what you are getting into if you want to play. In my case, I played against the House and the House lost many times over. Last edited by matreyia; 06-21-2016 at 09:03 AM.. Reason: adding word |
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06-21-2016, 01:07 PM | #16 | |
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The platinum is good, but there is a $50 copay - I've used it twice, once for a leaky axle, and once for a faulty fuel pressure sensor regulator. Both happened between 50-60,000 miles! I've broken even multifold!
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06-21-2016, 01:10 PM | #17 | |
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CURRENT: 2017 RS3 (miss you guys)
SOLD: 2012 335i Mineral Gray M Performance Exhaust/Brakes/Suspension/LSD|Bav Stage 1/AMP||ER CP/IC/DP/OC | Dinan CAI/N55 PWG BIG TURBO|BMWF30.com |
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06-21-2016, 03:35 PM | #18 |
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I plan on just paying attention during the course of my regular warrantee. I am at the very end of the model year (haven't even taken delivery yet), so I'm about a year behind. I can watch 340s that have been out there to see what their track record is. I'll play it by ear - in general the point that an extended warrantee is a dealer product and dealers exist to make money is a valid one, but if I know that there are common or recurring issues, I'm going to keep a EW in mind...
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