Extended Warranty

Steve P. · 04-10-2010, 04:30 PM

My car is an 06 M coupe, 32,000km (20,000 miles), factory warranty is up this August. Dealer is offering me an extended warranty plan for another 3 years at a cost of $2500. What's your thoughts?

Spaceman Spiff · 04-10-2010, 04:44 PM

Quote:

Originally Posted by Steve P.

My car is an 06 M coupe, 32,000km (20,000 miles), factory warranty is up this August. Dealer is offering me an extended warranty plan for another 3 years at a cost of $2500. What's your thoughts?

BMW extended warranty is 2 yrs/100K mi so if your dealer is offering you 3 years, it must be the dealer's warraty. That will, in most cases, limit you to that one dealer for warranty work and generally is not a good idea. Also what are the terms? That is too pricy for the normal extended warranty.

Steve P. · 04-10-2010, 06:35 PM

It's a "Coverage One - Ultimate" warranty, not through BMW, but BMW does sell on behalf. It does cover quite a bit.

Serious · 04-10-2010, 07:00 PM

Personally I would stay as far away as possible from non BMW extended warranties... a buddy bought one for his e36 m3 years ago and the motor developed vanos rattle, so the warranty replaced the vanos, which ultimately didn't fix the problem... after that the warranty would only perform repairs if you could document a part failure (ie show a broken part).

Since it was very difficult to actually show what component was causing the tick/rattle by buddy was stuck with a $1500 diagnosis fee, since the warranty wouldn't cover the repairs and the BMW dealership wanted $8,000 to rebuild the entire head (new lifters, cams, retainers etc.).

Ultimately the problem led to a broken exhaust camshaft which pretty much destroyed the motor, which happened out of the warranty period of course.

Basically the point is non-BMW warranty companies will try to slither their way out of any major repair job, therefore its best to just pocket the cash.

Besides the s54 is very reliable at this point in its life, worst thing that is likely to happen is a vanos failure which is typically ~$2500 anyways, so it would be a wash $$$ wise. If it was me, I would stay away from any warranty that isn't BMW or BMW CPO.

Blind32 · 04-10-2010, 08:57 PM

^^ +1

Stay away if it isn't an official BMW warranty. Put it in the bank and make it grow. and as he said, the S54 is reliable.

Spaceman Spiff · 04-10-2010, 09:24 PM

If you absolutely want an extended warranty, you can get the BMW 2 yrs for $1600-1800.

dillrob · 04-12-2010, 11:39 AM

Do you have the name of the dealership that would sell a 2 yr Z4 warranty for around $1,600? Thanks.

Steve P. · 04-13-2010, 01:59 PM

Quote:

Originally Posted by Spaceman Spiff

If you absolutely want an extended warranty, you can get the BMW 2 yrs for $1600-1800.

I checked, BMW will not sell an extended warranty. Not at any price on a vehicle which is already off the lot. Maybe different in the states.........

rps · 04-13-2010, 06:20 PM

I bought the extended maintenance within the first year that covers the car through the entire CPO period. Less than 2,000, considering the brakes are 1,300 it will definitely pay for itself.

VitaminT · 04-13-2010, 10:13 PM

At one time no one but the original owner could purchase an extended warranty in the US (or the dealer could CPO the car). That has now changed, at least in the US, so that any owner can purchase the extended warranty.

I believe for my M I was quoted $3600 or something like that. I made the decision to pass. Note the warranty is transferable for like $50 and if you sell the car you can be refunded a prorated portion of the cost.

04-10-2010, 04:30 PM	#1
Steve P. Second Lieutenant 13 Rep 215 Posts Drives: 2006 M Coupe, 2008 M3 Sedan Join Date: Jan 2006 Location: Alberta, Canada iTrader: (0)	Extended Warranty My car is an 06 M coupe, 32,000km (20,000 miles), factory warranty is up this August. Dealer is offering me an extended warranty plan for another 3 years at a cost of $2500. What's your thoughts?
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04-10-2010, 06:35 PM	#3
Steve P. Second Lieutenant 13 Rep 215 Posts Drives: 2006 M Coupe, 2008 M3 Sedan Join Date: Jan 2006 Location: Alberta, Canada iTrader: (0)	It's a "Coverage One - Ultimate" warranty, not through BMW, but BMW does sell on behalf. It does cover quite a bit.
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04-10-2010, 07:00 PM	#4
Serious 1M advocate 214 Rep 878 Posts Drives: 2018 S4. 2011 M3. 2012 S1000RR Join Date: Mar 2008 Location: Seattle iTrader: (0)	Personally I would stay as far away as possible from non BMW extended warranties... a buddy bought one for his e36 m3 years ago and the motor developed vanos rattle, so the warranty replaced the vanos, which ultimately didn't fix the problem... after that the warranty would only perform repairs if you could document a part failure (ie show a broken part). Since it was very difficult to actually show what component was causing the tick/rattle by buddy was stuck with a $1500 diagnosis fee, since the warranty wouldn't cover the repairs and the BMW dealership wanted $8,000 to rebuild the entire head (new lifters, cams, retainers etc.). Ultimately the problem led to a broken exhaust camshaft which pretty much destroyed the motor, which happened out of the warranty period of course. Basically the point is non-BMW warranty companies will try to slither their way out of any major repair job, therefore its best to just pocket the cash. Besides the s54 is very reliable at this point in its life, worst thing that is likely to happen is a vanos failure which is typically ~$2500 anyways, so it would be a wash $$$ wise. If it was me, I would stay away from any warranty that isn't BMW or BMW CPO. __________________ 2012 BMW S1000RR 2011 BMW M3
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04-10-2010, 08:57 PM	#5
Blind32 Certified Adrenaline Junkie 42 Rep 1,325 Posts Drives: '07 Z4MC Join Date: Sep 2009 Location: Dallas TX iTrader: (2)	^^ +1 Stay away if it isn't an official BMW warranty. Put it in the bank and make it grow. and as he said, the S54 is reliable.
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04-10-2010, 09:24 PM	#6
Spaceman Spiff Captain 86 Rep 847 Posts Drives: R8, 996 C2, Z4MR (sold) Join Date: Aug 2007 Location: SF Bay iTrader: (1)	If you absolutely want an extended warranty, you can get the BMW 2 yrs for $1600-1800.
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04-12-2010, 11:39 AM	#7
dillrob New Member 4 Rep 9 Posts Drives: 2006 BMW Z4 3.0si Join Date: Nov 2009 Location: Downingtown, Pa iTrader: (0)	Do you have the name of the dealership that would sell a 2 yr Z4 warranty for around $1,600? Thanks.
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04-13-2010, 06:20 PM	#9
rps Captain 35 Rep 609 Posts Drives: 2013 X1 Join Date: May 2009 Location: Pace, Fl iTrader: (11)	I bought the extended maintenance within the first year that covers the car through the entire CPO period. Less than 2,000, considering the brakes are 1,300 it will definitely pay for itself. __________________ NB8S Past Garage: Z4, 135i. Present Garage: 2013 X Drive X1 2.8i.
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04-13-2010, 10:13 PM	#10
VitaminT First Lieutenant 11 Rep 304 Posts Drives: 2006 M Roadster Join Date: Sep 2007 Location: Alabama iTrader: (0)	At one time no one but the original owner could purchase an extended warranty in the US (or the dealer could CPO the car). That has now changed, at least in the US, so that any owner can purchase the extended warranty. I believe for my M I was quoted $3600 or something like that. I made the decision to pass. Note the warranty is transferable for like $50 and if you sell the car you can be refunded a prorated portion of the cost.
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