[varun2136]

Hi guys, I am requesting some advice from the experienced bmw owners on this forum.

I bought my 2015 435i M back in Dec 2019.
Bought at 30k Miles from a leased owner and its been fantastic no issues at all.
The car now in 2021 is at 37k miles. (Just fyi)

I purchased extended warranty but then I was new and didn't know all the different types of warranties available.

So just today I looked at my car profile and saw my:
1. New Vehicle Limited Warranty
2. BMW ultimate Care+

Both expired back in November.


I've heard getting warranty in general is a rip off and warranty companies are just there to rob you, but I just want to look at the options of what potential warranty makes the most sense?

With that being said can you guys help me out with this one?

Appreciate it a ton.

[cfm56d7b]

Are you planning to keep the car for a few years and add another 80K+ miles?

If yes and you are a member of a credit union, you can get mechanical breakdown protection policy at a better price.

It all depends on how long you plan to keep the car, vehicle maintenance history, and personal risk tolerance.

[Billfitz]

The vast majority of buyers of extended warranties, be it from the manufacturer or third party, never have enough repairs done to recoup the cost of the coverage. Yes, you may have a catastrophic failure, but you'd be the exception. Warranty companies are in business to make a profit, so they know the odds of a problem occurring and price the policies accordingly. You're betting you'll have a major problem, they're betting you won't, and just like in Vegas the house always wins.

[bloodline129]

Paid off for me. 2015 435xi bought December 2018

Paid 3400cad for platinum warranty through Bmw / admin being 3rd party though
3 years or 140k km

So far head unit 4K
Belt n tensioner pulley 800
Lower steering link 950
Valve cover gasket next week

Bought the car at 60k km and now sitting at 95k

[f30paul]

When I had my 320d I didn’t bother with the BMW extended warranty, I just ran it without cover for the last 2 years of ownership, after all it was a tried and trusted setup with a reliable engine and decent build quality.

The 330e I now have still has a reliable engine and the same decent build quality, however there are some rather expensive hybrid drivetrain additions which have been known to cause issues, in or out of warranty. I have the financial cushion to deal with some unplanned issues out of warranty, but not to the extent of most of the hybrid drivetrain - even the invertor/converter (AC-DC) charging unit is over £3000, let alone the electric motor and drivetrain. So for my circumstances, £50 per month for relative peace of mind is definitely worth it.

[njdangelo]

I'd say it's also important to consider your mechanical knowledge and abilities as well. If you are someone who can do small fixes on your car and keep up the regular maintenance at home it probably isn't worth it. Catastrophic failure is very rare on properly maintained cars.
My dealer offered me 40k/4yr for around $4200. I turned it down because I know I could do most of the wear and tear items like suspension and control arms myself so it really didn't make financial sense to me.
That being said it's also about piece of mind. If you have the money and don't want the worry than spend it. It's just money, we can't take it with us when we go lol.

[njdangelo]

Originally Posted by f30paul

When I had my 320d I didn’t bother with the BMW extended warranty, I just ran it without cover for the last 2 years of ownership, after all it was a tried and trusted setup with a reliable engine and decent build quality.

The 330e I now have still has a reliable engine and the same decent build quality, however there are some rather expensive hybrid drivetrain additions which have been known to cause issues, in or out of warranty. I have the financial cushion to deal with some unplanned issues out of warranty, but not to the extent of most of the hybrid drivetrain - even the invertor/converter (AC-DC) charging unit is over £3000, let alone the electric motor and drivetrain. So for my circumstances, £50 per month for relative peace of mind is definitely worth it.

That's a great point in regards to hybrid/electric cars. I'd also say any cars with air suspension setups. I remember my buddy an Audi all road and he air suspension shit the bed... dealer wanted $7400 for the repair....he sold it lol

[whatevs]

As everyone said, catastrophic failures are not common but WILL happen to a few. Insurance is for your peace of mind . At 37K I think your car still has enough life left in it (with proper maintenance), and you shouldn't need extended warranty unless you plan on keeping it for a really long time, and put quite some miles on it.

[tex2670]

Originally Posted by varun2136

Hi guys, I am requesting some advice from the experienced bmw owners on this forum.

I bought my 2015 435i M back in Dec 2019.
Bought at 30k Miles from a leased owner and its been fantastic no issues at all.
The car now in 2021 is at 37k miles. (Just fyi)

I purchased extended warranty but then I was new and didn't know all the different types of warranties available.

So just today I looked at my car profile and saw my:
1. New Vehicle Limited Warranty
2. BMW ultimate Care+

Both expired back in November.


I've heard getting warranty in general is a rip off and warranty companies are just there to rob you, but I just want to look at the options of what potential warranty makes the most sense?

With that being said can you guys help me out with this one?

Appreciate it a ton.

If you bought an extended warranty for every car you own, in the long run, you will most definitely spend more on warranty payments than on repairs. Yes - lots of people can tell a story about how they had a major repair on an individual car, and that the warranty on that car paid for itself. But over the long term, that will NOT be the case, otherwise, warranty providers wouldn't make any $$. Lots of people can tell you that they had a winning night at the casino -- but as a whole, the house wins. Think about that before you plunk down $$ for an extended warranty; the more cars you own that you skip it, the more money you have saved to pay for that unexpected repair.

[Gen13 F36]

Originally Posted by varun2136

Hi guys, I am requesting some advice from the experienced bmw owners on this forum.

I bought my 2015 435i M back in Dec 2019.
Bought at 30k Miles from a leased owner and its been fantastic no issues at all.
The car now in 2021 is at 37k miles. (Just fyi)

I purchased extended warranty but then I was new and didn't know all the different types of warranties available.

So just today I looked at my car profile and saw my:
1. New Vehicle Limited Warranty
2. BMW ultimate Care+

Both expired back in November.


I've heard getting warranty in general is a rip off and warranty companies are just there to rob you, but I just want to look at the options of what potential warranty makes the most sense?

With that being said can you guys help me out with this one?

Appreciate it a ton.

Judging by your driving time with the car. Don't buy a warranty.

You drove 7000 miles in 2 yrs.

No.... It's a waste of money. Spend it on routine maintenance

[varun2136]

Originally Posted by Billfitz

The vast majority of buyers of extended warranties, be it from the manufacturer or third party, never have enough repairs done to recoup the cost of the coverage. Yes, you may have a catastrophic failure, but you'd be the exception. Warranty companies are in business to make a profit, so they know the odds of a problem occurring and price the policies accordingly. You're betting you'll have a major problem, they're betting you won't, and just like in Vegas the house always wins.

This is a great analogy and thats why I just feel I dont need it. I dont drive like a maniac and its not even a daily driver.

You should of seen how thirsty the person was at the warranty company she literally tried all pressure tactics to get me to purchase a warranty package.

Is there a basic warranty that a bmw owner should always have just for minor things to save money?

[varun2136]

Originally Posted by Gen13 F36

Judging by your driving time with the car. Don't buy a warranty.

You drove 7000 miles in 2 yrs.

No.... It's a waste of money. Spend it on routine maintenance

much appreciate the advice. its how I feel too. I feel I might need new front rotors because even after getting new brake pads I still get that annoying squeeks every now and then. Maybe after I watch the brakes thoroughly that might make the difference.

[varun2136]

Originally Posted by tex2670

If you bought an extended warranty for every car you own, in the long run, you will most definitely spend more on warranty payments than on repairs. Yes - lots of people can tell a story about how they had a major repair on an individual car, and that the warranty on that car paid for itself. But over the long term, that will NOT be the case, otherwise, warranty providers wouldn't make any $$. Lots of people can tell you that they had a winning night at the casino -- but as a whole, the house wins. Think about that before you plunk down $$ for an extended warranty; the more cars you own that you skip it, the more money you have saved to pay for that unexpected repair.

yep I agree, I just never went in and bought the warranty just strictly based on how aggressive the warranty companies were in sending me constant mails and also would give me a deadline to purchase a warranty. I would skip the deadline then they would send me another one notice with a new deadline

then one time I spoke with them on the phone and wow were they desperate

[varun2136]

Originally Posted by whatevs

As everyone said, catastrophic failures are not common but WILL happen to a few. Insurance is for your peace of mind . At 37K I think your car still has enough life left in it (with proper maintenance), and you shouldn't need extended warranty unless you plan on keeping it for a really long time, and put quite some miles on it.

I basically just make sure all the required maintenance that is show on the bmw computer is met and everything is always in the green.

is there any other maintenance areas I should focus on that is not listed in the bmw cpu?

[Billfitz]

Originally Posted by varun2136

You should of seen how thirsty the person was at the warranty company she literally tried all pressure tactics to get me to purchase a warranty package.

That's because they can make as much profit on that policy as they do on the sale of the car. When I picked up mine the F&I manager tried to sell me tire and wheel damage insurance for $3k. To make his point he had a bent rim in his office. It didn't sway me, because I'd done my research. Most of the time pothole damage comes from the combination of big rims and very low profile tires. Rubber and air absorb shock, aluminum doesn't. Knowing that I had made sure to get a car with 17s. Sure enough, when I looked at the bent rim in his office it was a 20.

[capt_slow]

Repost of something I wrote in another forum:

Generally speaking, there are two types of warranties (officially Mechanical Breakdown Insurance, MBI):

• Specific component coverage: warranties that cover only specific components listed on the service contract. Most 3rd party warranty providers offer this level of coverage.
• Named exclusion coverage: warranties that cover everything on the car except for specific components. BMW's Extended Service Contract (ESC) as well as premium tiers of 3rd party warranty providers fall in this category.

For you to make an informed decision, you need to get a blank sample of the service contract. This has all the fine print. Look out for what's not covered and any weird contract language. For example, Portfolio Protection requires you to bring the car back to the selling dealer for any warranty work if you are within a certain distance of the selling dealer.

Since these warranties are really insurance policies, they have deductibles for each claim you make. And probably like auto insurance, 3rd party MBI claims can be a nightmare. Sadly, the person selling you the MBI may not know if the 3rd party MBI servicer is difficult on claims.

Typically, 3rd party MBIs are cheaper, but more difficult to get claims approved. I had one once on my Jetta TDI and the warranty more than paid for itself in A/C system repairs, but the adjuster wanted the dealer to use UV leak detection dye in the system to confirm a leak in the radiator. It's just an example of the hoops you and the dealer will need to navigate to get claims through.

When I was shopping around for warranties for my F31, I looked at all of the above and ended up going with the BMW ESC. You should be able to buy it anytime before your factory warranty expires, but the price also goes up as the car gets older. For comparison, when my car was 3.5 years old I bought the BMW Platinum CPO ESC covering 84mos/unlimited miles from original in-service date, cost was $3900.

[Danddd]

My last BMW an 06 wagon ended up using every penny and more that I paid for the warranty. Since I keep my cars for 10 years and my last experience I went with my dealers CNA extended warranty for six more years and 90K miles taking in my 8K or so miles a year. I was able to customize the years and mileage. the CNA warranty tends to fly under the radar and only sold through the dealer.

[varun2136]

alot of great information in this thread. once again i appreciate you guys

[washere]

Does anyone have any idea of the actual costs for the OEM warranties (yes I know there are many different flavors and lengths, etc)? Is there a dealer in this forum that offers good deals on them? (That was the case for a Toyota I had years ago.). I am (I think) about to upgrade for 2013 E93 to a 2018 F33, and I think I will simply sleep better if I have coverage past the end of the warranty. Everything is so expensive on BMW's...

[capt_slow]

Originally Posted by washere

Does anyone have any idea of the actual costs for the OEM warranties (yes I know there are many different flavors and lengths, etc)? Is there a dealer in this forum that offers good deals on them? (That was the case for a Toyota I had years ago.). I am (I think) about to upgrade for 2013 E93 to a 2018 F33, and I think I will simply sleep better if I have coverage past the end of the warranty. Everything is so expensive on BMW's...

GOLFFRR can help you.

I'm starting to realize that you need to do some leg work to come out ahead on these warranties. I paid $1600 to CPO my lease and get a +1 year warranty, then another $3900 to extend my CPO warranty to the max.

In the last month alone, I had a lot of work done covered by CPO and the cost of the parts alone was well over $3700. Add in dealer labor and you could be looking at a equivalent bill of $5-6K to replace a valve cover, coolant tank, and steering rack.

In my case, I was very eagled-eye about my car. Each month I'd inspect the car and would find stuff. These were issues that didnt necessarily produce any driveability symptoms or impair the core functions of the car, but were covered by the warranty regardless. The way I see it, it's proactive repairs that might not make a difference now, but will pay off in the future. Since that same part is less likely to fail out of warranty.

[road eater]

Gentlemen,

I need your advice. I just bought a 2019 bmw m5 it has 8,700. miles. The car is immaculate and everything is 100%. The original warranty ends 7-11-23. I wanted to get an extended warranty so I called BMW dealer. He promised me an extended BMW platinum coverage policy that would be for 84 months from today so I would have coverage until 7/20/2030. So I signed up at a cost of $ 5,700.00 when I got home and looked closer at the extended warranty it showed the expiration of policy at 7/2026. So that's just a 3yr. extension. I called and was told that BMW just stopped this type of coverage july 1st. which is today, but he could give me the exact same BMW coverage from a third party ins. (Zurich ins.) at a cost of 4,800.00.It would give me the full 7yr. ending in 7/2030 So now I do not know if I should buy it or forget the whole extended warranty idea. Please let me know what you think and if any have ever used Zurich ins.... Thanks

[schernov]

Originally Posted by road eater

Gentlemen,

I need your advice. I just bought a 2019 bmw m5 it has 8,700. miles. The car is immaculate and everything is 100%. The original warranty ends 7-11-23. I wanted to get an extended warranty so I called BMW dealer. He promised me an extended BMW platinum coverage policy that would be for 84 months from today so I would have coverage until 7/20/2030. So I signed up at a cost of $ 5,700.00 when I got home and looked closer at the extended warranty it showed the expiration of policy at 7/2026. So that's just a 3yr. extension. I called and was told that BMW just stopped this type of coverage july 1st. which is today, but he could give me the exact same BMW coverage from a third party ins. (Zurich ins.) at a cost of 4,800.00.It would give me the full 7yr. ending in 7/2030 So now I do not know if I should buy it or forget the whole extended warranty idea. Please let me know what you think and if any have ever used Zurich ins.... Thanks

He is BS ing you. All bmw branded warranties are from in service date.