Can you negotiate an extended car warranty?


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Dealerships generally mark up the cost of an extended warranty, so there’s room for negotiation. Factory-backed extended warranties are honored at any of the manufacturer’s dealerships nationwide. Call different dealers to compare price quotes on extended warranties.

How much does a 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.

Is it worth getting an extended warranty on a BMW?

It can be worth buying a BMW extended warranty, as BMW vehicles have especially high repair costs. However, customers may find better extended warranty prices from third-party providers than from the manufacturer.

Can you get extended 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.

Does BMW have a 10 year warranty?

BMW Extended Warranty Coverage BMW new car warranty covers you for four years or 50,000 miles (whichever comes first).

Is it worth paying for an extended warranty?

When it comes to the long-term cost of your car, extended warranties are generally “a bad deal,” says Gillis. In a Consumer Reports survey, 55% of people who purchased an extended warranty never touched it. Among those who did use the warranty, most saved less on repairs than they paid for the contract.

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.

How much should I spend on an extended warranty?

An extended warranty price represents a percentage of the total product cost. As a general rule of thumb, you shouldn’t spend more than 30% of the product cost on a product warranty. Pro tip: for many products, you can get quality extended warranty coverage for a lot less than 30%.

What is not covered under BMW warranty?

This plan will take care of regular maintenance services, saving you a sizable amount of money on routine costs like BMW oil changes. Your new car warranty covers any problem caused by a factory defect or faulty part, but it won’t cover you if there’s an accident, theft, vandalism, or weather damage.

Does extended service cost more?

Do I need to pay extra money for extended service? No, it does not involve an additional cost. For instance, if you’re with a particular network and you’re not picking up a nearby tower, you’ll not be charged for using any extended 3G data.

Can I take my BMW to any dealership for warranty work?

An Authorised BMW Centre or BMW Service Authorised Workshop using only genuine BMW Parts must carry out all service and warranty work.

How many years of warranty does BMW give?

THE BMW WARRANTY. The entire car (except for wearing parts), all Original BMW Parts and Original BMW Accessories come with a two-year warranty with no distance limit, running from the date of handover.

How many years warranty does a BMW have?

Most Genuine BMW Parts come with a two-year warranty as standard, while new vehicles come with a three-year warranty. Once your BMW New Car or Approved Used Car warranty has expired, why not purchase BMW Insured Warranty for more protection in the future.

How do I know if my BMW is still under warranty?

You can find your VIN plate or sticker in a few places, including on your windshield under the wiper blade on the driver’s side or under the hood. Once you figure out your VIN, take note of how many miles you have on your odometer, and then call your local BMW dealership to find out when your warranty expires.

What does 10 year 100000 mile warranty mean?

The 10 Year / 100,000 Mile Limited Powertrain Warranty begins upon expiration of the manufacturer’s warranty, and will continue to cover the following components up to 120 months or 100,000 miles from the Original Date of Sale, whichever comes first.

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.

What does an extended warranty actually cover?

Extended warranties can cover: Powertrain: The engine, transmission, and other key parts of this system are covered. Roadside assistance: Many extended warranties include around-the-clock roadside assistance, which can include towing, trip interruption service, and more.

Is it worth it to get an extended warranty on a new car?

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.

How do I purchase an extended warranty?

Where Can I Purchase an Extended Car Warranty? You can purchase an extended warranty through a dealership or a third-party warranty company that specializes in extended vehicle protection. Dealership extended warranties are purchased directly from an auto dealership or manufacturer.

How long after purchase can you buy warranty?

You can buy one at any time, but just remember that it’s better to have a budget protection plan in place sooner rather than later. A home warranty actually helps you save money on inevitable repairs to those new (or old) home systems and appliances.

Do car dealers make money on extended warranties?

The average dealer generally makes up to half of the selling price of an extended warranty. For example, if you purchase an extended warranty for $2,000, the dealer may make a profit of up to $1,000.

How do you determine if an extended warranty is worth it?

Assessing Value by Price. Compare the cost of the extended warranty against the cost of the product. A well-priced warranty should cost a small percentage of the product’s original cost. If the cost of the warranty is more than 15 to 20 percent of the product cost, then it may not be worth it.

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.

What doesn’t an extended warranty cover?

Extended warranties usually don’t cover routine maintenance, either โ€” things like oil changes, new tires, new brakes and more. Roadside assistance is typically a separate purchase as well. To find out for sure what an extended warranty does and doesn’t cover, read the agreement’s fine print carefully.

Is transmission covered under BMW warranty?

In addition to this, problems with the engine, transmission, or drivetrain are also covered by the Powertrain Warranty. In the event rust or corrosion is on your BMW’s body throughout the length of the warranty, your vehicle will be protected.

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