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      07-08-2019, 04:35 PM   #1
TexasBruiser
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Insurance and Extended Warranty

New thread.

Who has experience (and cost information) on the value of extended warranties and how claims went (if any filed)?

I just obtained a 750i xDrive almost $8K below average market proce in my area with only 38K miles. So far, per CARFAX and the dealer search by VIN, there have been ZERO warranty repairs - except for replacement of the A/C Compressor back in 2016.
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      07-09-2019, 04:54 AM   #2
pcrispy
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FWIW, I bought a 2016 with 50,000 miles on it a few months back. It was CPO'd, so still under that warranty until 5/31/21. I bought an extended warranty through my local BMW dealer to extend the CPO warranty another 3 years, with a max of 100,000 miles. I only drive about 9K per year, so I'll probably not hit that mileage number anyhow. The warranty is through Assurant who administers the BMW factory warranty. Total price for the extended warranty was $4507 and that gets me $0 deductible if I have the work done at my local dealer, and also was payable monthly over the course of a year with 0 interest. So officially I am prepaying an average of $125 per month for full warranty to cover me 3 years past my CPO. In the case of any major failure, it more than pays for itself. If the car never has any issues whatsoever, it paid for peace of mind that allowed me to sleep well during the next several years. haha
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      07-18-2019, 11:02 AM   #3
Pelo Cat
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Iíve just gone past my 50k miles and 3 year warranty cover on my 2016 730d here in the U.K. and other than the A/C compressor needing changing nothing needed to date but when I checked the extended warranty price for me it was a very unattractive £2,400 / year (which was the same as when I checked my previous 7 F01 back in the day so obviously said no!) I can save some on the side myself and accept the risk given this alternative! Looks like at least a better deal in the US...BTW, didnít have any issues with my last F01 and it was 6 years old and had 113k on it when I traded it for the current G11. I do about 18k miles / year but mostly highway miles.
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      07-18-2019, 11:51 AM   #4
cracker123
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Quote:
Originally Posted by pcrispy View Post
FWIW, I bought a 2016 with 50,000 miles on it a few months back. It was CPO'd, so still under that warranty until 5/31/21. I bought an extended warranty through my local BMW dealer to extend the CPO warranty another 3 years, with a max of 100,000 miles. I only drive about 9K per year, so I'll probably not hit that mileage number anyhow. The warranty is through Assurant who administers the BMW factory warranty. Total price for the extended warranty was $4507 and that gets me $0 deductible if I have the work done at my local dealer, and also was payable monthly over the course of a year with 0 interest. So officially I am prepaying an average of $125 per month for full warranty to cover me 3 years past my CPO. In the case of any major failure, it more than pays for itself. If the car never has any issues whatsoever, it paid for peace of mind that allowed me to sleep well during the next several years. haha
That seems like a good deal, CPO is Unlimited miles but Assurant is only 100K right.
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      Yesterday, 04:13 AM   #5
pcrispy
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Quote:
Originally Posted by cracker123 View Post
Quote:
Originally Posted by pcrispy View Post
FWIW, I bought a 2016 with 50,000 miles on it a few months back. It was CPO'd, so still under that warranty until 5/31/21. I bought an extended warranty through my local BMW dealer to extend the CPO warranty another 3 years, with a max of 100,000 miles. I only drive about 9K per year, so I'll probably not hit that mileage number anyhow. The warranty is through Assurant who administers the BMW factory warranty. Total price for the extended warranty was $4507 and that gets me $0 deductible if I have the work done at my local dealer, and also was payable monthly over the course of a year with 0 interest. So officially I am prepaying an average of $125 per month for full warranty to cover me 3 years past my CPO. In the case of any major failure, it more than pays for itself. If the car never has any issues whatsoever, it paid for peace of mind that allowed me to sleep well during the next several years. haha
That seems like a good deal, CPO is Unlimited miles but Assurant is only 100K right.
That's correct. You can get more miles, but of course it costs more. CPO is unlimited because they are only dealing with a vehicle up to 5 years old. Extended warranty is potentially dealing with a vehicle 9 years old, so the wear and tear with high miles could really add up over that time.
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