|
|
|
|
|
|
BMW Garage | BMW Meets | Register | Today's Posts | Search |
|
BMW 3-Series (E90 E92) Forum
>
Extended Warranty
|
|
06-23-2005, 08:11 PM | #1 |
Private
10
Rep 84
Posts |
Extended Warranty
In response to a previous thread, I asked my dealer about purchasing a Extended Warranty just before the new car warranty expires.
He replied it would cost approx. $1,500.00 CDN more in today's prices then to purchase the same coverage at time of delivery. I am going to get the Ultimate from Coverage One Corporation with $200.00 Deductable. This is all inclusive with specified exclusions and is for 7 years/140,000 Km The exclusions are mainly maintaince items such as brakes, trim etc. The only electronic item excluded that I can see is the Nav System. I think with BMW, especially a new model, the service rates are too high, $90.00/Hr, and the chances of having electrical/computer breakdowns are high. This coverage is $2,627.00 CDN from the BMW dealer. They told me BMW does not offer an extended warranty with their new cars, only the Certified Series with certain used cars. I am planning on keeping the car for approx 6-7 years. |
06-23-2005, 09:26 PM | #2 |
Private First Class
5
Rep 117
Posts |
My dealer will sell me an extend warranty from BMW. They claim it is similar to BMW's certified pre-owned warranty. It adds 2 years and 50K. It has a $50 deductible and does not cover radio or nav. This brings the total coverage to 6 yrs 100,000 miles. They're quoting $2,249.00 US.
The other option they offer is Universal Underwriters coverage. The deductible is $100 but it does cover stereo and nav. The price for 2 years 50K is $2,389. The price for 3 years 50K is $2,528. In addition to this they offer the BMW extended maintenance plan for another 2 years / 50K. They are quoting $1,295. I'm probably going to go for the extended maintenance and extended warranty from BMW. This will get me about as covered as I can be for the first 100K miles. - Collin |
Appreciate
0
|
06-23-2005, 09:28 PM | #3 |
Second Lieutenant
4
Rep 203
Posts |
I think you're doing the right thing, especially if you plan to keep the car for 6-7 years. I'll be keeping mine for at least 5 years and i'm getting it.
|
Appreciate
0
|
06-23-2005, 09:29 PM | #4 |
Private First Class
5
Rep 117
Posts |
Note that BMW's extended maintenance plan is supposed to cover wear items like brakes. The mantra I've heard from several dealers is that it covers "everything but tires". We'll see.
- Collin |
Appreciate
0
|
06-24-2005, 10:39 PM | #6 | |
MAUI BUILT
485
Rep 7,781
Posts
Drives: 2006 330i MT
Join Date: Jun 2005
Location: NORCAL
|
Quote:
Do you think you can bargain with the dealership on the prices? My fiance recently purchased a TSX and when we said no to the extended warranty, the F&I guy dropped the price right away. Danny |
|
Appreciate
0
|
06-25-2005, 09:14 AM | #7 |
Private
10
Rep 84
Posts |
Here is a copy of a reply I got from another board.
I quote "It means $2627 with $200 deductible is for a coverage of extra 3 yrs/60k km. And here is for your info... Let assume you've 5 problems during the last 3yrs and each one cost over $200. It means you're paying $3627 ($2627 + 5*$200) in total. A average of $725.4 ($3627/5) per problem fixing. For 10 problems, you'll pay $5627 in total and a average of $562.7 per problem fixing." So, I guess it really is a guessing game. I know I used the EW on my 2000 Dodge Dakota Truck 4 X 4 and wish that the coverage period was longer then than the 100,000 KM as I put another $1,600.00 into power steering repairs at 146,000 KM. So I think I will get the EW. If it was an Acura or Lexus, I probably wouldn't. |
Appreciate
0
|
06-25-2005, 07:19 PM | #8 | |
Private First Class
5
Rep 117
Posts |
Quote:
- Collin |
|
Appreciate
0
|
06-25-2005, 07:33 PM | #9 | |
Private First Class
5
Rep 117
Posts |
Quote:
- Collin |
|
Appreciate
0
|
Bookmarks |
|
|