Purchase a BMW extended warranty. This type of BMW warranty comes in a few different plan coverages such as: Powertrain Plus: Covers fuel and cooling systems, transmission, drive axle, and the engine. Gold: Covers Powertrain Plus items, anti-lock brake system, steering, heating and air conditioning systems.
How much is extended warranty for BMW m5?
100K miles/7 years – Platinum protection @ $7995 with $50 deductible. 70K miles/7 years – Platinum protection @ $6995 with $50 deductible. Extended maintenance: 100K miles/6 years – $4495.
How much does BMW extended warranty cost?
Cost of the BMW Extended Warranty From what we found in our research, BMW Extended Service Contracts are on the expensive side. Expect to pay between $1,000 and $8,000 for a BMW extended warranty. We found a BMW M4 owner that was quoted $6,500 for a five-year/100,000-mile Platinum Plan.
How long is BMW m5 warranty?
BMW i WARRANTY. The BMW i Three Year Unlimited Mileage Warranty offers three years cover for almost every eventuality.
Can you extend the warranty on a used BMW?
BMW extended warranties are a great way to help offset expensive repairs. They begin when your manufacturer or factory warranty expires. You can buy an extended warranty for new, used, or pre-owned BMWs from the dealership or from third-party car warranty companies like CARCHEX.
Is BMW extended maintenance plan worth it?
The BMW maintenance plan usually costs more than maintenance from independent repair shops. If you drive an average amount of miles (15,000 miles per year or less), then it might not be worth it. However, if you put a lot of miles on your car, the maintenance plan can provide more value.
Why are BMW expensive to maintain?
Maintaining a BMW is expensive because it’s a German car with specialty parts and technology. BMW is engineered for driving enthusiasts – it’s not just a car to get people from point A to point B. BMW has sophisticated technology that requires specialized certification to properly repair.
What is the best BMW extended warranty?
What Is Covered by the New BMW Limited Warranty? When you purchase a new vehicle from BMW, you are protected against defects in materials or workmanship that originated at the factory. This warranty period starts on the sale date of the new vehicle, and lasts for 4 years or 50,000 miles, whichever occurs first.
Can I buy extended warranty later?
You can purchase an extended auto warranty at any time, although waiting until the original factory coverage has expired will generally mean paying a higher premium rate. The most advantageous time for purchase may be near the end of the original warranty term.
Does BMW have a lifetime warranty?
that’s included with every qualifying new and pre-owned vehicle offered by a participating dealer. Coverage lasts for as long as you own your vehicle. All you need to do is complete the customary maintenance outlined in your Warranty Forever® agreement and you’re covered FOREVER!
Do I have to have my BMW serviced at BMW?
In terms of your car warranty, you aren’t required to service your BMW by their franchised dealership. But you must think about your car finance arrangements as this may affect the result.
What voids a BMW warranty?
The only thing that would void a BMW warranty is a modification that causes errors or problems with parts of the car covered by the original BMW warranty. For example, switching out the exhaust or switching a turbocharger to a supercharger may void the warranty if it causes a covered component to fail.
Is extended warranty worth it?
Extended car warranties are worth it if you want your coverage to continue after your factory warranty expires. Without a warranty, you are left to cover repair costs on your own. An extended warranty can also be worth it if you value peace of mind when it comes to budgeting for repair costs.
Does BMW warranty transfer to second owner?
Most BMW warranties are transferable regardless of whether it’s a CPO warranty or a new vehicle warranty. This also includes extended warranties. The one catch is you might have to pay a $200 transfer fee. But not all warranties are transferable.
How many miles is BMW warranty?
Cost of the BMW Extended Warranty Expect to pay between $1,000 and $8,000 for a BMW extended warranty. We found a BMW M4 owner that was quoted $6,500 for a five-year/100,000-mile Platinum Plan.
Are BMW 5 Series expensive to maintain?
A BMW 5 Series will cost about $13,530 for maintenance and repairs during its first 10 years of service. This is more than the industry average for luxury sedan models by $1,569. There is also a 40.39% chance that a 5 Series will require a major repair during that time.
How much does BMW maintenance package cost?
On average, BMW owners can expect to pay between $150 to $400 per service every 10,000 miles. A major service can cost $1,000 to $3,000 or more. At the end of the day, owners pay about $1,000 to $1,700 per year for maintenance and repairs – higher than most brands.
Which is cheaper to maintain BMW or Mercedes?
After the manufacturer warranty runs out, BMWs are more expensive to maintain than other brands – even other luxury brands. On average, it can cost an extra $5,000 to maintain a BMW over a ten-year period than it costs to maintain a vehicle such as a Mercedes-Benz.
Why is a BMW oil change so expensive?
But why are BMW oil changes so expensive? The short answer to why BMW oil changes are so expensive is that BMWs require high-performance synthetic oil. Labor costs are also very expensive. However, you can save money on a BMW change by doing it yourself.
What are common problems with BMW?
- Faulty Automatic Headlights. Automatic headlights are convenient.
- Discharging Batteries.
- Corrosion of Alloy Wheels.
- Malfunctioning Fuel Pumps.
- Faulty Electronic Systems.
- Door Handle Problems.
- Heater Core and Coolant System Issues.
- Leaking Oil Filter Gasket.
Are BMWs expensive to insure?
As a luxury vehicle manufacturer, BMW models can be expensive to insure. This is because expensive cars usually cost more to repair and replace.
Are oil changes included in BMW warranty?
Certified pre-owned BMW vehicles that are model year 2017 or newer come with a warranty that covers several routine maintenance items for the first three years or 36,000 miles. Covered items include oil changes, spark plugs, vehicle checks, engine and cabin air filter changes, and more.
Is BMW warranty worth it Reddit?
If you haven’t replaced every gasket in the vehicle already, then it’s not a bad idea to purchase the warranty. Remember you can negotiate the price. If you already done most of the regular things that need repaired, then you should be fine without. I personally won’t own a BMW without warranty.
How do I check my BMW warranty?
Another way to keep track not only of how much warranty is left but also of service you’ve had under the warranty is to create an account for yourself at bmwusa.com and tie your VIN to it. If all else fails, you can always call your BMW dealership and they’ll be able to look up your warranty information for you.
What are 2 of the things should you consider before getting an extended warranty?
Industry standing: Look for a reputable warranty provider with a history in the industry and strong ratings from automotive experts. Cost: You want to ensure that your extended warranty plan offers a good value for the coverage you receive. Coverage: Many providers offer a range of comprehensive coverage plans.