You asked: Should I extend my BMW warranty?

Is BMW extended warranty worth it?

The New Vehicle Warranty is bumper-to-bumper coverage with just a short list of exceptions. If you plan to keep your BMW longer than the first four years, it’s certainly worth considering an extended warranty if you don’t want to keep up with repair costs on your own.

How much does it cost to extend BMW warranty?

How much is a BMW extended warranty? An extended warranty directly from BMW can cost as much as $7,000 for a three-year Platinum plan. You can find cheaper options from third-party providers that also offer comparable coverage.

Is the BMW 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.

Is it good to take extended warranty?

Buying an extended warranty is always beneficial, especially if you are looking at keeping your car for long. Yes, it may not cover some parts and faults, but what you get is a lot. And even though it might cost you a premium, it can save you big money in the long run or help you sell your car.

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Can I buy BMW maintenance plan?

Plan is available for purchase once BMW vehicle has reached 54 months and has current BMW Ultimate Care Scheduled or BMW Ultimate Care+2 coverage. All work is carried out by BMW Trained Technicians using Original BMW Parts, which come with a two-year unlimited mileage limited warranty.

Are extended warranties worth it on cars?

Also known as a vehicle service contract, an extended warranty provides a safeguard against unexpected or unforeseen expenses. It might seem like a marketing gimmick, but an extended warranty carries value if you don’t have the budget for expensive repairs further down the line.

Will a BMW last 10 years?

A BMW will easily last 150-200,000 miles if it is properly cared for and maintained. If you drive the national average of 13,500 miles, a BMW should last at least 10- 15 years. That said, there are many reports of BMW owners with 200,000+ miles on the clock without experiencing any major problems.

Do new BMW come with free service?

All new BMW vehicles from the model year 2017 or later, purchased or leased at an authorized BMW retailer like East Bay BMW, are covered by BMW Ultimate Care. The cost of this BMW maintenance program is free, offering affordable coverage for 3 years or 36,000 miles, whichever comes first.

At what mileage do BMWs start having problems?

With several parts that make up the BMW’s coolant system, any one of them is likely to fail once a BMW owner has typically driven their vehicle between 80,000 and 120,000 miles. It’s important to note that regular servicing is the best to prevent costly and unwarranted repairs.

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Why are BMW so unreliable?

It isn’t the most reliable brand on the market, experiencing issues with their engines, fuel system, non-electrical systems and the axle and suspension. Though many will report these issues, there are also a lot of owners that will state they have had their vehicles for several years and experienced any problems.

Why are extended warranties bad?

While it may sound like a good idea in theory, extended warranties often come with a high price tag and don’t necessarily cover everything that could go wrong. Plus, many people who buy extended warranties never use them. In that case, an extended warranty becomes a cost with no financial return.

What are the advantages and disadvantages of an extended warranty?

Extended Car Warranty Overview

Extended Car Warranty Pros Extended Car Warranty Cons
They can increase your vehicle’s longevity. There’s a chance you won’t need the coverage.
You can save on costly repairs. Every contract has its exclusions and limitations.

How much will I get back if I cancel my extended warranty?

You can cancel an extended warranty at any time and you’ll get a prorated refund for the unused portion of your policy. If the warranty was included in your loan, your car payment won’t drop, but you may pay off the car sooner after the refund is deducted from your balance.