Should I extend my cpo warranty?

Astone22 · 09-24-2018, 04:21 PM

I have a 2015 428 with 31k miles with cpo through March 2020. I can extend it to 7 years unlimited miles for $3700. Does this seem reasonable for 2 more years of warranty?

IK6SPEED · 09-24-2018, 04:28 PM

Quote:

Originally Posted by Astone22

I have a 2015 428 with 31k miles with cpo through March 2020. I can extend it to 7 years unlimited miles for $3700. Does this seem reasonable for 2 more years of warranty?

All Extended Warranties are not CPOs.

It’s not a BMW CPO as they do not offer a 7 year EW. It may be a different EW for your BMW.

And as all EW are different, one cannot give a great answer to your question.

Astone22 · 09-24-2018, 04:31 PM

Quote:

Originally Posted by IK6SPEED

Quote:

Originally Posted by Astone22

I have a 2015 428 with 31k miles with cpo through March 2020. I can extend it to 7 years unlimited miles for $3700. Does this seem reasonable for 2 more years of warranty?

All Extended Warranties are not CPOs.

It's not a BMW CPO as they do not offer a 7 year EW. It may be a different EW for your BMW.

And as all EW are different, one cannot give a great answer to your question.

Sorry I was not specific enough. My car currently has cpo coverage. I can extend that coverage another 2 years , with the bmw platinum coverage. The package is called cpo wrap since I have existing cpo warranty

IK6SPEED · 09-24-2018, 04:48 PM

Quote:

Originally Posted by Astone22

Sorry I was not specific enough. My car currently has cpo coverage. I can extend that coverage another 2 years , with the bmw platinum coverage. The package is called cpo wrap since I have existing cpo warranty

Again, unless something has changed in past several weeks and not posted on forum, a BMW Factory Warranty is 4 years or 50,000 miles from delivery date.

A BMW CPO is for an additional 12 months (for a total of 5 years) or 24 months (for a total of 6 years) and covers same coverage as BMW Platinum EW which runs for same period of time.

As previously posted, BMW does NOT offer a 7 year product. Other Extended Warranties may cover your BMW, but they are NOT Official BMW Programs, but from 3rd parties.

Astone22 · 09-24-2018, 04:51 PM

https://www.bmwusa.com/content/dam/b...t_Brochure.pdf

Are these not through bmw?

bimmer456 · 09-24-2018, 05:19 PM

Quote:

Originally Posted by IK6SPEED

Quote:

Originally Posted by Astone22

Sorry I was not specific enough. My car currently has cpo coverage. I can extend that coverage another 2 years , with the bmw platinum coverage. The package is called cpo wrap since I have existing cpo warranty

Again, unless something has changed in past several weeks and not posted on forum, a BMW Factory Warranty is 4 years or 50,000 miles from delivery date.

A BMW CPO is for an additional 12 months (for a total of 5 years) or 24 months (for a total of 6 years) and covers same coverage as BMW Platinum EW which runs for same period of time.

As previously posted, BMW does NOT offer a 7 year product. Other Extended Warranties may cover your BMW, but they are NOT Official BMW Programs, but from 3rd parties.

I read on this forum that CPO covers less than the original warranty so that appears not to be the case. Aside from the deductible.

IK6SPEED · 09-24-2018, 05:22 PM

Quote:

Originally Posted by bimmer456

Quote:

Originally Posted by IK6SPEED

Quote:

Originally Posted by Astone22

Sorry I was not specific enough. My car currently has cpo coverage. I can extend that coverage another 2 years , with the bmw platinum coverage. The package is called cpo wrap since I have existing cpo warranty

Again, unless something has changed in past several weeks and not posted on forum, a BMW Factory Warranty is 4 years or 50,000 miles from delivery date.

A BMW CPO is for an additional 12 months (for a total of 5 years) or 24 months (for a total of 6 years) and covers same coverage as BMW Platinum EW which runs for same period of time.

As previously posted, BMW does NOT offer a 7 year product. Other Extended Warranties may cover your BMW, but they are NOT Official BMW Programs, but from 3rd parties.

I read on this forum that CPO covers less than the original warranty so that appears not to be the case. Aside from the deductible.

A CPO (AND ALL EW) cover FAR LESS than the original Factory Warranty.

IK6SPEED · 09-24-2018, 05:24 PM

Quote:

Originally Posted by Astone22

https://www.bmwusa.com/content/dam/b...t_Brochure.pdf

Are these not through bmw?

Well, that's new.

Surprised no one had posted it in a topic yet.

Up until a short time ago, BMW had no programs longer than 72 Months (6 Years).

Astone22 · 09-24-2018, 05:27 PM

This outline what is not covered

https://cpo.bmwusa.com/Content/docs/...NotCovered.pdf

rjd_F30 · 09-24-2018, 05:28 PM

Quote:

Originally Posted by IK6SPEED

Well, that's new.

Surprised no one had posted it in a topic yet.

Up until a short time ago, BMW had no programs longer than 72 Months (6 Years).

I believe they started offering that in early 2017...

rjd_F30 · 09-24-2018, 06:20 PM

But to Astone22, to answer your question: it's kind of a toss up. You may have great luck, you may not. If the car has been rock solid so far in your ownership period, I would personally skip the extension. If it's been giving you issues, and you reasonably expect it to continue this, to the tune ≥$3700, then it may be worth it to get it. It all depends on how you personally feel about it, and whether you'd rather have $3700 in your pocket (for now, maybe) or piece of mind that you don't have to worry if things break.

N26Ghost · 09-24-2018, 06:46 PM

I selected to prepay 3 years of additional maintenance coverage instead of extending the warranty. You may/may not need the warranty, you will absolutely need to keep on top of your maintenance. They wanted an absurd amount of money for this and after some negotiation, we settled on 15% under their cost as ours was the only car they were going to sell that day.

IK6SPEED · 09-24-2018, 07:07 PM

Quote:

Originally Posted by N26Ghost

I selected to prepay 3 years of additional maintenance coverage instead of extending the warranty. You may/may not need the warranty, you will absolutely need to keep on top of your maintenance. They wanted an absurd amount of money for this and after some negotiation, we settled on 15% under their cost as ours was the only car they were going to sell that day.

So you made their day by buying extended maintenance under their cost so they lost more money that day?

You really believe that?

3 year maintenance is probably the only thing I would NOT buy given the prices they wanted in the past.

N26Ghost · 09-24-2018, 09:09 PM

Easy there, tiger. You don't even know the figures, yet you're making conclusions. There was a good deal of care and calculation put into arriving at that decision. Being an analyst by profession, the consideration of multiple variables and arriving at the best possible outcome given the situation, is literally my day job. So yes, 100% know that I made the right choice. You're free to have an opinion and to share it, but there is a common saying about assumptions...

Sea-Tac · 09-24-2018, 09:50 PM

No. Don't extend anything, especially, your wallet. I can say, I've been there and done that and I even bought the T-shirt. Forget EW for extended maintenance. BMW wins every time. Unless you have an exceptional version of the 3 in whatever configuration it is in, dump it at 75000. BMW's are not considered a high reliability cars by many BMW mechanics (I know 3 who are of this opinion) and repairs are excessive especially if you take your car to a BMW service center. Yes, they will keep your car going, but, again, at a hefty price.

IK6SPEED · 09-24-2018, 09:50 PM

Quote:

Originally Posted by N26Ghost

Easy there, tiger. You don't even know the figures, yet you're making conclusions. There was a good deal of care and calculation put into arriving at that decision. Being an analyst by profession, the consideration of multiple variables and arriving at the best possible outcome given the situation, is literally my day job. So yes, 100% know that I made the right choice. You're free to have an opinion and to share it, but there is a common saying about assumptions...

Not assuming anything. YOU stated it was 15% under their cost.

If you are an analyst by trade, one would think you know that selling 15% under cost means you lose more money on a day when no other profit is made.

N26Ghost · 09-24-2018, 09:51 PM

It assumes you know what that amount is...

IK6SPEED · 09-24-2018, 09:55 PM

Quote:

Originally Posted by N26Ghost

It assumes you know what that amount is...

If their cost is $1 and they sell it for $0.85, they lost $0.15 plus transaction fees on the sale.

I don't need to know cost to understand this basic concept.

Quote:

Originally Posted by N26Ghost

I selected to prepay 3 years of additional maintenance coverage instead of extending the warranty. You may/may not need the warranty, you will absolutely need to keep on top of your maintenance. They wanted an absurd amount of money for this and after some negotiation, we settled on 15% under their cost as ours was the only car they were going to sell that day.

N26Ghost · 09-24-2018, 10:00 PM

There are 3 values to consider. The price, the dealer cost and the amount I paid them. In this case, the distance between the price and what I paid them was large and ultimately less than the estimated regular maintenance of a single year of ownership. That being said, since you understand simple concepts, I am confident you can assess that the only one winning that day was me.

tex2670 · 09-25-2018, 06:51 AM

Quote:

Originally Posted by Astone22

I have a 2015 428 with 31k miles with cpo through March 2020. I can extend it to 7 years unlimited miles for $3700. Does this seem reasonable for 2 more years of warranty?

I wouldn't do it--unless you've had problems so far.

tex2670 · 09-25-2018, 06:58 AM

Quote:

Originally Posted by N26Ghost

Easy there, tiger. You don't even know the figures, yet you're making conclusions. There was a good deal of care and calculation put into arriving at that decision. Being an analyst by profession, the consideration of multiple variables and arriving at the best possible outcome given the situation, is literally my day job. So yes, 100% know that I made the right choice. You're free to have an opinion and to share it, but there is a common saying about assumptions...

What is "their cost" when it comes to discounting a pre-paid maintenance package? I'm going to go out on a limb and say that the 15% discount still nets them a good profit on the maintenance services you will use over the term of the contract.

My 4/50 maintenance just ended, and I will start taking the car to an indy shop.

KOWTOWN · 09-25-2018, 08:02 AM

A lot of times those service plans are essentially subsidized by people who skip services and sell their cars/never collect the remainders. If you actually utilize them to their full capacity they're fine s

09-24-2018, 04:21 PM	#1
Astone22 First Lieutenant 78 Rep 388 Posts Drives: F30 320 xdrive, f32 428 Join Date: Mar 2017 Location: Stl iTrader: (1)	Should I extend my cpo warranty? I have a 2015 428 with 31k miles with cpo through March 2020. I can extend it to 7 years unlimited miles for $3700. Does this seem reasonable for 2 more years of warranty?
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09-24-2018, 04:51 PM	#5
Astone22 First Lieutenant 78 Rep 388 Posts Drives: F30 320 xdrive, f32 428 Join Date: Mar 2017 Location: Stl iTrader: (1)	https://www.bmwusa.com/content/dam/b...t_Brochure.pdf Are these not through bmw?
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09-24-2018, 05:27 PM	#9
Astone22 First Lieutenant 78 Rep 388 Posts Drives: F30 320 xdrive, f32 428 Join Date: Mar 2017 Location: Stl iTrader: (1)	This outline what is not covered https://cpo.bmwusa.com/Content/docs/...NotCovered.pdf
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09-24-2018, 06:20 PM	#11
rjd_F30 Brigadier General 2000 Rep 3,679 Posts Drives: 2013 335i 6MT Join Date: Jun 2017 Location: New Jersey iTrader: (0)	But to Astone22, to answer your question: it's kind of a toss up. You may have great luck, you may not. If the car has been rock solid so far in your ownership period, I would personally skip the extension. If it's been giving you issues, and you reasonably expect it to continue this, to the tune ≥$3700, then it may be worth it to get it. It all depends on how you personally feel about it, and whether you'd rather have $3700 in your pocket (for now, maybe) or piece of mind that you don't have to worry if things break. __________________ Instagram: rjd_f30 \| Current: EBII 2013 335i 6MT RWD & Sprint Blue 2008 Audi RS4 \| Retired: 2013 328i, 2000 XTerra, 2022 Civic Si \|
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09-24-2018, 06:46 PM	#12
N26Ghost Lieutenant 497 Rep 537 Posts Drives: 2014 BMW 328i M Sport Join Date: Mar 2018 Location: Elk Grove, CA iTrader: (0)	I selected to prepay 3 years of additional maintenance coverage instead of extending the warranty. You may/may not need the warranty, you will absolutely need to keep on top of your maintenance. They wanted an absurd amount of money for this and after some negotiation, we settled on 15% under their cost as ours was the only car they were going to sell that day. __________________ '14 F30 328i M Sport // FBO // bm3 Stage 2+ DME Tune // Stage 1 TCU Tune // Apex EC-7s on Conti DWS06+s // 1 of 6 ever made of this spec (3C13 US-SULEV German-built //
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09-24-2018, 09:09 PM	#14
N26Ghost Lieutenant 497 Rep 537 Posts Drives: 2014 BMW 328i M Sport Join Date: Mar 2018 Location: Elk Grove, CA iTrader: (0)	Easy there, tiger. You don't even know the figures, yet you're making conclusions. There was a good deal of care and calculation put into arriving at that decision. Being an analyst by profession, the consideration of multiple variables and arriving at the best possible outcome given the situation, is literally my day job. So yes, 100% know that I made the right choice. You're free to have an opinion and to share it, but there is a common saying about assumptions... __________________ '14 F30 328i M Sport // FBO // bm3 Stage 2+ DME Tune // Stage 1 TCU Tune // Apex EC-7s on Conti DWS06+s // 1 of 6 ever made of this spec (3C13 US-SULEV German-built //
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09-24-2018, 09:50 PM	#15
Sea-Tac Major 1453 Rep 1,487 Posts Drives: 2108 X3 xDrive30i Join Date: Apr 2018 Location: Bellevue, Wa iTrader: (0) Garage List 2018 X3 xDrive30i [0.00] 2016 328i xDrive [0.00]	No. Don't extend anything, especially, your wallet. I can say, I've been there and done that and I even bought the T-shirt. Forget EW for extended maintenance. BMW wins every time. Unless you have an exceptional version of the 3 in whatever configuration it is in, dump it at 75000. BMW's are not considered a high reliability cars by many BMW mechanics (I know 3 who are of this opinion) and repairs are excessive especially if you take your car to a BMW service center. Yes, they will keep your car going, but, again, at a hefty price.
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09-24-2018, 09:51 PM	#17
N26Ghost Lieutenant 497 Rep 537 Posts Drives: 2014 BMW 328i M Sport Join Date: Mar 2018 Location: Elk Grove, CA iTrader: (0)	It assumes you know what that amount is... __________________ '14 F30 328i M Sport // FBO // bm3 Stage 2+ DME Tune // Stage 1 TCU Tune // Apex EC-7s on Conti DWS06+s // 1 of 6 ever made of this spec (3C13 US-SULEV German-built //
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09-24-2018, 10:00 PM	#19
N26Ghost Lieutenant 497 Rep 537 Posts Drives: 2014 BMW 328i M Sport Join Date: Mar 2018 Location: Elk Grove, CA iTrader: (0)	There are 3 values to consider. The price, the dealer cost and the amount I paid them. In this case, the distance between the price and what I paid them was large and ultimately less than the estimated regular maintenance of a single year of ownership. That being said, since you understand simple concepts, I am confident you can assess that the only one winning that day was me. __________________ '14 F30 328i M Sport // FBO // bm3 Stage 2+ DME Tune // Stage 1 TCU Tune // Apex EC-7s on Conti DWS06+s // 1 of 6 ever made of this spec (3C13 US-SULEV German-built //
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09-25-2018, 08:02 AM	#22
KOWTOWN Private First Class 310 Rep 181 Posts Drives: 335i M sport Join Date: Sep 2018 Location: Sacramento iTrader: (0)	A lot of times those service plans are essentially subsidized by people who skip services and sell their cars/never collect the remainders. If you actually utilize them to their full capacity they're fine s
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