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BMW 3-Series (E90 E92) Forum
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extended warranty - should I buy it?
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07-03-2010, 07:20 AM | #1 |
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extended warranty - should I buy it?
Hi,
I have 2007 328 coupe. My warranty will be expired on December. I am thinking to drive my current car for next 2~3 years, so I need a protection plan. My dealer quoted me $3050 for warranty, $2095 for maintance. I am planning to buy only warranty for two years. What do you guys suggest? Should I buy maintance or warranty? I am thiking warranty since my car already had troubles with engines before. Please advise me. Thanks, |
07-03-2010, 07:29 AM | #2 |
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I think warranty, not maintenance is a good move.
But the price sounds high--did you see this price on the printout from your key? Some dealerships mark the warranties up--one told me they don't make much $$$ off of them, they make $$$$$$ off of the 3rd party ones, and one dealer tried to sell me a 3rd party, not the BMW. That's probably like a restaurant asking if you have another credit card when you take out your AMEX. I saw the printout twice from two dealerships, $3490 for 7/100 gold on a 335. I plan on getting it, my last visit to the dealership probably would have been 3k out-of-warranty. Nobody can say for sure that warranty repairs would exceed $3490 in years 5,6,7, but it's not that hard for a BMW to do that.... |
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07-03-2010, 02:39 PM | #4 |
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When my warranty is up I'm going 3rd party warranty...BMW is too expensive.
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07-03-2010, 02:50 PM | #5 |
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I got 5 year 100,000 miles warranty for $ 2,081 which is basically their cost and 6year 100,000 warranty is only $ 400-500 more. It is totally worth it. If anything under the hood breaks, it will cost north of $1,000. If anything engine related or transmission(auto) related breaks, it will cost you at least $ 2,000 or more. Try to knock out at least $ 500 from their asking price and you will be good to go. If you have to choose only one I will say warranty. I believe any warranty longer than 6 years is Fidelity not BMW warranty.
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Last edited by egtlover74; 07-03-2010 at 03:00 PM.. |
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07-03-2010, 04:08 PM | #7 |
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I am considering a used e90 to replace my E46 in a couple of months and will be contacting dealerships about warranty prices. Can you purchase a warranty from a dealer over the phone?
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07-03-2010, 06:42 PM | #10 |
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Whatever helps you sleep better at night. I prefer to save the money and put it aside for future maintenance and or repairs.
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07-03-2010, 06:46 PM | #11 |
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You may want to check out this thread http://www.bimmerfest.com/forums/sho...87#post5291287.
It sounds like BMW of Macon will give you the best price. $1695 for maintenance is tough to beat, and I'm betting their extended warrany prices are the best option out there also.
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07-03-2010, 06:52 PM | #12 |
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I might get the extended warranty but certainly not maintenance. There's no way I'd spend 2 grand in 2 years on maintenance stuff, even including brakes. Also, unless you drive an obscene amount of miles a year you can just completely disregard the mileage part of the deal - it means absolutely nothing and is just meant to look impressive...
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07-03-2010, 10:13 PM | #13 | |
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Quote:
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07-03-2010, 10:16 PM | #14 | |
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07-04-2010, 12:15 AM | #16 | |
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Both dealerships I went to read my key, printed out some papers which had every price for every plan. Both said $3490 for 7/100 Gold. Neither would discount and they said that's not to say that no dealers discount, just that they don't know which would and there's not a lot of markup on them (so they say)... |
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07-04-2010, 05:24 AM | #17 |
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Can you purchase the warranty after you car has gone over 50k? Can I purchase the warranty from another dealership out of state which may be cheaper and still take it to the local dealership?
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07-04-2010, 06:08 AM | #18 | |
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IMO, the extended maintenance is only worth it on an M Car, and then only if you expect to need a brake job during the period to which the extended maintenance period applies. The extended warranty, however, would be a good deal in my case, especially of you can fold it into your car loan at the interest rate you paid when you bought the car. |
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07-04-2010, 08:03 AM | #19 |
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My understanding is after 45 mos. or 45,000 miles, you cannot purchase it anymore. And yes, you can buy it anywhere and it will be good at any BMW dealership.
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07-04-2010, 08:37 AM | #20 |
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According to BMW's warranty one-pager, if you are out of warranty you are still eligible to purchase the Powertrain Plus plan.
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07-04-2010, 11:32 PM | #22 |
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+1 Mine has expired, but my car has been reliable, no issues. I'd probably worry more with a 335i than your 328i.
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