If you’re thinking about purchasing a BMW extended warranty, you should understand your options, what your limited warranty covers, and the expenses involved. This article takes an in-depth look at BMW’s extended warranty options and lets you know if they’re really worth it.
What is an Extended Car Warranty?
A vehicle maintenance contract, commonly known as an extended car owner warranty, is an optional protection plan you can purchase to cover repair costs. The vehicle warranty extension usually begins when the manufacturer’s warranty expires, but the two protection plans overlap in some cases. Since your manufacturer’s warranty will expire at some point, consider purchasing an extended warranty to cover unforeseen costs, but do you really need it?
BMW Extended Warranty: What’s Covered, What’s Not?
BMW North America refers to its extended warranty as BMW Extended Service Contracts, part of the BMW Maximum Protection Program. This protection goes above and beyond what BMW owners get under warranty, whether they buy new, used, or Certified Pre-Owned (CPO) vehicles. Your coverage can be extended for up to seven years or 100,000 miles from the day your vehicle was first put into service, whichever comes first. BMW Extended Warranty repair and replacement sales coverage only due to defects in materials or quality, not due to normal wear and tear.
BMW’s three extended warranty plans are Platinum, Gold, and Powertrain Plus.
Valid for all three subscriptions: replaced with 100% original BMW parts and repaired by BMW-trained technicians at authorized BMW facilities. 24-hour roadside assistance is also included.
How Long Does the BMW Extension Warranty Last?
Once you have selected your coverage level, you can also choose the length of your term at BMW.
BMW vehicle owners can choose coverage for up to five, six, or seven years, 75,000 miles or 100,000 miles. Please note that this is based on the date of use, which means coverage will be added for a further one or three years after your four-year limited warranty expires, not five to seven years.
What Does This Mean for CPO and Used BMW Owners?
Used car owners have the exact BMW Extended Warranty options as new car owners. People with CPO vehicle models can only get a platinum plan, the most comprehensive and expensive option. The term options are also different. Elite members of the CPO can only be covered for one additional year after the expiration of its four-year limited warranty. CPO Wrap and CPO Wrap Elite membership holders can enjoy an additional three years of protection.
When choosing the length of your cover, remember that BMW CPOs come with the rest of the new vehicle’s limited warranty as well as an additional year of original warranty coverage.
BMW Extended Warranty Cost
If you think of giving an extended warranty to BMW, the most critical question is whether it is worth it. We found in our research that extended service contracts from BMW are expensive. Expect to pay between $ 1,000 and $ 8,000 for a BMW extended warranty. We hired the owner of a $ 6,500 BMW M4 for a five-year / 100,000-mile platinum donation. Others have received similar awards. We used the Cadillac Platinum Protection Plan pricing tool to find a comparison. A five-year / 60,000 mile contract for the 2016 Cadillac ATS off-warranty would cost $ 3,750. As expected, the price has increased for older models with more mileage. For more information, you may head to BMW extended warranty cost 2018.
Is it Worth Having a BMW Extended Warranty?
Consider the vehicle’s durability and current coverage when determining the cost-effectiveness of a BMW extended warranty.
BMW Manufacturer Warranty
When you buy a new BMW, you get a limited warranty. This differs from the extended warranty in that you are not purchasing additional coverage under a new contract, and it is included with the vehicle. The BMW guarantee covers the cost of repairing or replacing factory materials and labor, just like most factory automotive warranties. The New Vehicle Warranty is comprehensive coverage with a shortlist of exceptions. If you plan to keep your BMW for more than the first four years, an extended warranty is worth considering if you don’t want to bear the repair costs yourself.
Now consider what it usually costs to maintain and repair a BMW. A third party asked BMW for the most expensive car to keep; an estimate of a decade of maintenance would cost $17,800. A recent data report shows that BMW owners can expect an average of $968 per year for repairs. In their research, the average annual repair cost for all makes was $652. If the issues are due to manufacturing flaws and occur during the first four years of ownership, your BMW warranty should cover the costs. The responsibility is yours. If it’s keeping you up at night, an extended warranty can give you peace of mind.
Follow Techdee for more!