Got quoted $7400 for "Platinum" warranty

[KK22]

for 36 months and 75K miles. Platinum covers Everything including iDrive, electronics etc.

"Gold" was quoted $6100, same duration. But no iDrive, internal electronics. so I feel the platinum upgrade is worth it, with the recent drive issues that have been posted.

My warranty runs out end of this month, I have 27K miles on the clock and don't really put more than 6K on per yr. Although, car is highly optioned and has all the toys that can fail, soft close, ACC, LKA, comfort ventilated seats.

Pay it and take it? I kinda love the car and don't really want anything else right now. warranty should be transferrable to next owner right? So I can recover some cost if/when I sell it? Its the BMW extended warranty from the dealer.

Can I do better elsewhere? Should I put 7500 in the market instead and roll the dice. I had initially thought of using my indy since I really did not have many issues with my F10 535 after warranty, but that car did not have as many "toys"

Thoughts?

[KK22]

So Patriot warranty just quoted me 2800 no deductible 5 years 100k miles. All electronics and mechanical, repair at BMW dealer. What in the actual Fvk!!!

How much margin do these guys have anyway? Is Patriot any good?

[KK22]

Endurance, better rated than Patriot, quoted $4300 for everything BUT $100 deductible, and their highest level coverage, that kinda makes my Tire and wheel insurance redundant, but removing it doesn't change the quote. Also, can do any all claims at local BMW dealer. Also, 5YR till I hit 81,000 miles (which I won't)

I'm leaning towards them right now since they seem to have a better reputation.

Any opinions on any of these? Pretty sure I would have spent 4-5K in the next five years on repairs, RIGHT? Its transferrable too, so raises resale?

[ANTWAN229]

Originally Posted by KK22

Endurance, better rated than Patriot, quoted $4300 for everything BUT $100 deductible, and their highest level coverage, that kinda makes my Tire and wheel insurance redundant, but removing it doesn't change the quote. Also, can do any all claims at local BMW dealer. Also, 5YR till I hit 81,000 miles (which I won't)

I'm leaning towards them right now since they seem to have a better reputation.

Any opinions on any of these? Pretty sure I would have spent 4-5K in the next five years on repairs, RIGHT? Its transferrable too, so raises resale?

I would recommend BMW warranty even though the cost is higher, it's a no hassle warranty with no limitations on cost of repairs. I've tried other's in the past but none of them were any good if there was a major repair. I learned this with my first 2006 bmw 750li, so I sold it and got 2011 750Activehybrid with BMW warranty and they replaced the rear differential and $24k hybrid battery all for the $50 deductible.
Now that I have the M760xi, my deductible is still $50 with no issues with any BMW dealerships from New Jersey, Delaware, Maryland, & Florida. I do a lot of driving. My only complaint is you can only get 3 rims replaced under warranty per year, but I'd didn't buy the rim warranty and have already replaced 4 rims in 2 years.

[KK22]

Originally Posted by ANTWAN229

I would recommend BMW warranty even though the cost is higher, it's a no hassle warranty with no limitations on cost of repairs. I've tried other's in the past but none of them were any good if there was a major repair. I learned this with my first 2006 bmw 750li, so I sold it and got 2011 750Activehybrid with BMW warranty and they replaced the rear differential and $24k hybrid battery all for the $50 deductible.
Now that I have the M760xi, my deductible is still $50 with no issues with any BMW dealerships from New Jersey, Delaware, Maryland, & Florida. I do a lot of driving. My only complaint is you can only get 3 rims replaced under warranty per year, but I'd didn't buy the rim warranty and have already replaced 4 rims in 2 years.

I appreciate your view, I thought similarly. But another BMW dealership is about to quote me from three different companies (one is BMW) All repairs will be conducted at the dealership. So if a BMW dealership will sell you warranties from other companies, would you still trust it?

I haven't got these quotes yet BTW, I think one of them is Allstate a $40 Billion company. It was only after I spoke to this dealer that I started to talk to out of BMW warranty companies.

I'm also considering my original plan again. Since all these guys seem the same, should I even get a warranty? At least when you pay out of pocket you own what you buy during the repair and its a fair transaction and you don't feel cheated !!!

[Kmish]

Originally Posted by KK22

At least when you pay out of pocket you own what you buy during the repair and its a fair transaction and you don't feel jipped !!!

Possibly you are unaware of the history your word choice above. Jipped is not a word. The correct spelling is Gypped. It is a racist word deriving from hatred and distrust towards Gypsies/Romani people. Similar anti-Semitic synonyms are also ignorantly used by people. Be careful of your word choices. It is an ugly word, with a racist origin and negative connotations.

[KK22]

Originally Posted by Kmish

Possibly you are unaware of the history your word choice above. Jipped is not a word. The correct spelling is Gypped. It is a racist word deriving from hatred and distrust towards Gypsies/Romani people. Similar anti-Semitic synonyms are also ignorantly used by people. Be careful of your word choices. It is an ugly word, with a racist origin and negative connotations.

I was certainly not aware of its origin and apologize if its offended anyone here. My mis-spelling certainly indicates its not a word I use often or have actually written before. I'll change it.

[ANTWAN229]

Originally Posted by KK22

I appreciate your view, I thought similarly. But another BMW dealership is about to quote me from three different companies (one is BMW) All repairs will be conducted at the dealership. So if a BMW dealership will sell you warranties from other companies, would you still trust it?

I haven't got these quotes yet BTW, I think one of them is Allstate a $40 Billion company. It was only after I spoke to this dealer that I started to talk to out of BMW warranty companies.

I'm also considering my original plan again. Since all these guys seem the same, should I even get a warranty? At least when you pay out of pocket you own what you buy during the repair and its a fair transaction and you don't feel cheated !!!

I just was quoted $12k for a 100k mile full coverage warranty from BMW Annapolis,MD with a payment plan and $150 deductible. They called me two weeks later and asked if I still wanted it be for the end of September, and I told them no because of the red-**** that I noticed. They claimed it was a bmw warranty, but it was through an aftermarket company that was try to sell through the dealership.

I call my sell's person in Delaware and they confirmed that for full warranty as if the vehicle was new for $8400 (100k miles or total 7-years) just like the original 50k mile warranty that comes with all bmw's. My deductible is still $50 for any issues. I have until I hit 50,000 miles to make the purchase. There's no cap on any repairs and it would also include all maintenance until 100,000 miles.

The thing that I like about the factory warranty is that it can be used at any BMW dealership (no questions asked) and they don't have to call another company to get pre-approval.

I look at all the risk factors, such as any motor or transmission work for the V-12 will be more than $10k.

[KK22]

Originally Posted by ANTWAN229

I just was quoted $12k for a 100k mile full coverage warranty from BMW Annapolis,MD with a payment plan and $150 deductible. They called me two weeks later and asked if I still wanted it be for the end of September, and I told them no because of the red-**** that I noticed. They claimed it was a bmw warranty, but it was through an aftermarket company that was try to sell through the dealership.

I call my sell's person in Delaware and they confirmed that for full warranty as if the vehicle was new for $8400 (100k miles or total 7-years) just like the original 50k mile warranty that comes with all bmw's. My deductible is still $50 for any issues. I have until I hit 50,000 miles to make the purchase. There's no cap on any repairs and it would also include all maintenance until 100,000 miles.

The thing that I like about the factory warranty is that it can be used at any BMW dealership (no questions asked) and they don't have to call another company to get pre-approval.

I look at all the risk factors, such as any motor or transmission work for the V-12 will be more than $10k.

Maybe my risk is lower since the six is a much more common engine across platforms and indeed brands (Toyota!) But I'm actually worried about everything other than the drivetrain, which I don't expect to have issues with. Still a lot to ponder but I did get quotes for Allstate and another company from the BMW dealer and they are similar to Endurance. So most likely I will be buying warranty from a BMW dealer and have all my work done there.

[Kmish]

Originally Posted by KK22

I was certainly not aware of its origin and apologize if its offended anyone here. My mis-spelling certainly indicates its not a word I use often or have actually written before. I'll change it.

👍. My son just said the word 3 minutes ago. I just had to educate him as well.

[KK22]

Originally Posted by Kmish

👍. My son just said the word 3 minutes ago. I just had to educate him as well.

We live, we learn!

[KK22]

Pulled the trigger on highest level CNA warranty through Fields BMW in Northfield, IL. About $4,100 and 1,500 less than Allstate that has MORE exclusions than CNA somehow. 48 months, 32500 miles till 60K total. (Ending October 2025) Paid in full today, so no financing charges.

Had to drive in this afternoon for a pre warranty inspection for $200, but lo and behold he noticed a pulsating in the brakes that I didn't and its getting fixed next week for free with a loaner under new car warranty. The Service tech has both his cars under CNA too!

Coincidentally, the wheel and tire warranty that I have till 2026 for $2600 is from CNA as well. Dont know if that had anything to do with a favorable quote.

For those interested, Exclusions are: "Accessory drive belt(s), hoses, radiator cap, tubes and clamps
Antenna mast and mirrors Audio speakers and wiring
Body, body panels, body fasteners, chassis frame and bumpers
Brake drums, rotors, pads and linings
Bright metal, trim, upholstery, carpet, insulation and paint
Convertible top
Exhaust system and catalytic converter
Filters and filter housings Fuses and fusible links
Glass, including fogged or hazy headlight lenses
Jack and tool kit, wheel lugs and lug nuts
Manual transmission clutch disc, pressure plate and throw-out bearing
Natural gas/propane fuel system
PCV valve, oil separator and fuel vapor canister
Spark plugs, plug wires and glow plugs
Starting, lighting, ignition (SLI) battery
Tires, wheels and wheel covers Windshield wiper rubber inserts" Thats it!! Everything else is fair game. $0 deductible all new BMW parts.

These, I'm told are less than the CPO exclusions. I do have a separate wheel and Tire warranty including cosmetic.

Since Ive bought a car from Fields before I feel very comfortable doing business with them as there is no claim filing on my part, they will deal directly with CNA for a $0 deductible. I will pay for maintenance of course, but that was expected.

Hope this information is helpful for anyone else struggling with this decision. Frankly, I'm super happy. BTW if I sell the car, I get a pro-rated refund! so this was a no brainer.

[TampaJoe]

That is a very nice write-up, thank you for sharing!

[g11hoonigan]

Thought there was a bmw dealer based out of california (?) who could give the lowest quote possible on Plantinum?

But that was last year and everything inflated since so it might no longer be relevant anymore.

[13M5F10]

Originally Posted by g11hoonigan

Thought there was a bmw dealer based out of california (?) who could give the lowest quote possible on Plantinum?

But that was last year and everything inflated since so it might no longer be relevant anymore.

They are still around. I refereed Someone last week.

[g11hoonigan]

Originally Posted by 13M5F10

They are still around. I refereed Someone last week.

Good to know! I almost took their offer but a local dealer gave me a deal for ~1k less. Third-party of course.

[dc5525]

Originally Posted by KK22

for 36 months and 75K miles. Platinum covers Everything including iDrive, electronics etc.

"Gold" was quoted $6100, same duration. But no iDrive, internal electronics. so I feel the platinum upgrade is worth it, with the recent drive issues that have been posted.

My warranty runs out end of this month, I have 27K miles on the clock and don't really put more than 6K on per yr. Although, car is highly optioned and has all the toys that can fail, soft close, ACC, LKA, comfort ventilated seats.

Pay it and take it? I kinda love the car and don't really want anything else right now. warranty should be transferrable to next owner right? So I can recover some cost if/when I sell it? Its the BMW extended warranty from the dealer.

Can I do better elsewhere? Should I put 7500 in the market instead and roll the dice. I had initially thought of using my indy since I really did not have many issues with my F10 535 after warranty, but that car did not have as many "toys"

Thoughts?

I would take $7,500 and put it in the bank as your 'car repair fund' and I am willing to bet after 3 years (or when warranty would expire) you will still have some cash laying around! Especially if you only drive 6K miles a year.

[KK22]

Originally Posted by dc5525

I would take $7,500 and put it in the bank as your 'car repair fund' and I am willing to bet after 3 years (or when warranty would expire) you will still have some cash laying around! Especially if you only drive 6K miles a year.

You might be right, but I'll treat the warranty as the bank, since I'll get a pro rated refund in case I sell the car or decide I don't need it anymore.

Besides, what price can you put on a little peace of mind?

[dc5525]

Originally Posted by KK22

You might be right, but I'll treat the warranty as the bank, since I'll get a pro rated refund in case I sell the car or decide I don't need it anymore.

Besides, what price can you put on a little peace of mind?

Agree! Price is what you pay, value is what you get right? I noticed we have very similar model car - I bought mine in March 2019 with 21K miles...since that time the original factory warranty replaced the coolant tank, radiator blinds, and front passenger seat assembly because the damn seat belt alarm would always go off with nobody in the seat. The warranty expired in August 2021 and I decided not to get extended warranty. The only other item that happened was I had to replace front CV axel boot which was $1,450 at dealer but had it done for $800 at indy shop which I am not sure would be covered by warranty or not as considered wear and tear? To you point, if all those go 'out' and would be covered, warranty would pretty much pay for itself in a hurry.

The big items coming are I need front and rear brakes (original still on car) and new tires (same). I have 40,200 miles on car now. Great ride I love it.