[ehl8844]

Hi everyone,

I am new to the forum and I am looking to buy my first BMW. After months of researching, I have decided to purchase a 2016 CPO 428 xDrive Gran Coupe (F36). I am in current negotiations with the dealership, however are stalled on the warranty piece and wanted to seek the knowledge and expertise of everyone in this forum.

Car Information: 2016 428i xDrive Gran Coupe (CPO)

Packages: Tech, Premium, Cold Weather, Driver Assistance, and M Sport

Miles: 50,000+ (The high mileage is what is concerning to me and the main reason I am contemplating the warranty)

Original in service date: 2/19/2016

Warranty information: I am being told that they have a special this month and it’s 20% off (not sure if that’s true or not)

• 6 year/unlimited $2599
• 7 year/unlimited $3899 (if my math is correct, this will be 2/19/2023?)

Do those prices sound inflated or inline with a BMW CPO extended warranty?

I have tried contacting Jeff Steel and Jim Martinez about pricing as well, but have not heard back. (Found their names in other posts about warranty)

Sorry for the long post. Any other information or recommendations, I would greatly appreciate it!

Thank you,
EL

[ASportLineGuy]

It really depends on the previous owners, in my opinion. I bought a CPO 2015 335xi , that was leased and has always been serviced @ BMW locations (@ least for the major services as well as oil changes). I have put 8k miles since buying and have 53k miles on it and CPO until Nov. 2019.

I always put away 100-200 dollars a month in case of an emergency car fix. CPO covers most, but not all, and I am willing to pay out of pocket for wear and tear stuff. As long as you take care of it and save some money aside I do not think you need the warranty.

*Knock on wood* I havent had to even use CPO yet.

50k+ miles is a lot, but I think as long as the car was cared for before, and that you continue to take care of it, then you wouldn't need the extended warranty. Breakeven vs out of pocket just isnt worth it.

I went through the same thing and Id rather use my money that I have to help pay for it to be fixed when that time comes, rather than "almost hoping" I break even on a warranty (i.e. hoping your car has problems to fix lol).

[328iX]

If you have maintenance history in the BMW system or on carfax i'd just stick to CPO, otherwise if you plan on keeping it that long those prices do sound fair.

The jump from 6 to 7 years does sound a bit exponential though

[deviantspeed]

I'd check the price of a route66 policy, too. I think they don't quote directly anymore so may have to contact a reseller.

6 year doesn't seem too bad, but if from in-service, that's only 3 more years.

[ASportLineGuy]

Originally Posted by deviantspeed

I'd check the price of a route66 policy, too. I think they don't quote directly anymore so may have to contact a reseller.

6 year doesn't seem too bad, but if from in-service, that's only 3 more years.

Yea, than the question becomes,

EDIT: do you think you will need $975 per year for out of pocket repairs (7yr plan)

[deviantspeed]

Originally Posted by JoshyDeee

Yea, than the question becomes,

do you think you will need $1300 per year for out of pocket repairs (6yr plan)

$866 by my math. Good point though!

[adhrp]

I never buy extended warranties for anything (vehicles, electronics, etc). My thinking behind that is that if the potential for expensive repairs is high, then the item is not worth purchasing. Sure, there will be repairs needed here and there as the car ages, but that is an expense I am willing to pay for out of pocket.

My 2012 is currently sitting at 86k miles. You will hear all sorts of talk on these forums about how early models are unreliable. My experience is to the contrary (all three cars I have owned have been early models and very reliable). My 328i was amongst the very first F30s manufactured (Nov 2011) yet has been super reliable with only regular maintenance required and one incidence of the hood latch release cable needing replacement (under original warranty). If the car you are looking at has been well cared for, I would suggest not wasting your money on an extended warranty.

[JoeyMcMahon101]

My f30 is at 120,000 miles. Well cared for by its previous owner. I had an e60 before this, previous owner did not care for it, I did, car wouldn't stop breaking. Warranty constantly screwed me, DO NOT GET A WARRANTY. Put money to the side instead! I have about $6k set aside for my f30 if anything goes wrong on her.

[Polo08816]

Originally Posted by adhrp

I never buy extended warranties for anything (vehicles, electronics, etc). My thinking behind that is that if the potential for expensive repairs is high, then the item is not worth purchasing. Sure, there will be repairs needed here and there as the car ages, but that is an expense I am willing to pay for out of pocket.

My 2012 is currently sitting at 86k miles. You will hear all sorts of talk on these forums about how early models are unreliable. My experience is to the contrary (all three cars I have owned have been early models and very reliable). My 328i was amongst the very first F30s manufactured (Nov 2011) yet has been super reliable with only regular maintenance required and one incidence of the hood latch release cable needing replacement (under original warranty). If the car you are looking at has been well cared for, I would suggest not wasting your money on an extended warranty.

Normally, I would agree with you.

But I keep my powertrain completely stock but the car is used for HPDEs a lot and as a shared car. That's the less than 1% use case for most BMWs out there.

I was willing to bet that with such a severe use duty cycle, I would make good on the BMW Extended Warranty Platinum 5 years / 100k miles for $3100 at the time.

It did pay off since I was able to get some pretty labor intensive jobs done after 50k miles under warranty such as an oil pan gasket replacement which requires removing the front subframe. I also had a replacement ZF 8HP45 transmission at around 90k miles. That transmission is at least $6k alone.

But again, I hedged my bet based on my use case.

Now BMW's extended warranties are incredibly expensive. A comparable extended warranty for our F25 X3 N55 would cost $6+k. At that price, the extended warranty is not worth it because you might as well just take a $6k hit on a trade in and have a new car. There's no sense in hedging on a used car for $6k when you can just eat that loss anyways and get into a new vehicle.

[adhrp]

Originally Posted by Polo08816

Normally, I would agree with you.

But I keep my powertrain completely stock but the car is used for HPDEs a lot and as a shared car. That's the less than 1% use case for most BMWs out there.

I was willing to bet that with such a severe use duty cycle, I would make good on the BMW Extended Warranty Platinum 5 years / 100k miles for $3100 at the time.

It did pay off since I was able to get some pretty labor intensive jobs done after 50k miles under warranty such as an oil pan gasket replacement which requires removing the front subframe. I also had a replacement ZF 8HP45 transmission at around 90k miles. That transmission is at least $6k alone.

But again, I hedged my bet based on my use case.

That is a good point, and in your case it did make sense to get the EW.

[ehl8844]

Hi everyone,

Thanks for your replies. I apologize for my delay in responding. I decided to pass on the warranty.

Thanks to everyone for their input!

[Billfitz]

Originally Posted by adhrp

I never buy extended warranties for anything (vehicles, electronics, etc).

+1. They generate extremely high profits for the sellers. That's why they push them so hard. You're betting the amount of the premium that the product will fail. They're betting that it won't. Ever been to Vegas? The House always wins.

[quikM2]

normally i don't buy extended warranties ever... but it's a bmw so the one cpo X3 I purchased for my wife once upon a time I took it and two weeks after factory expired I needed a transfer case and a few odds and ends and the bill was higher than the price to be a CPO. Normally though you should be able to negotiate the CPO into the listed price if not lower on the car. As to extended those prices seem normal as it gets stupid expensive for the longer terms. CPO yes. extended terms no IMO

[bobiam]

Would anybody seel you a warranty if they expected to loose money on the deal?
So, if THEY don't loose on the deal, YOU do! Of course that is based on averages. It can go either way for you, but generally you'd be better off putting the same amt of money in a bank acct budget for repairs. Do simple repairs and service yourself.