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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > General E90 Sedan / E91 Wagon / E92 Coupe / E93 Cabrio > Help Me Decide: Powertrain +, Gold, or Platinum Coverage



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      02-12-2013, 10:51 AM   #23
ericfox11
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Yeah I would still like to know if anyone has had the work done that I mentioned and about how much it costs. Anyone have any ideas?
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      02-12-2013, 11:05 AM   #24
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Quote:
Originally Posted by jacobsed View Post
In general warranties are rip offs. They wouldn't offer them if they weren't making tons of money.

If you knowingly purchased a car that will be breaking then just admit its a piece of crap and pay for the warranty if you'll be ahead financially. The reality is you just need to add that much to the purchase price of he car.

I have a 330xi with 127K miles and no major repairs and no warranty. I will pay for repairs out of pocket if they happen and in the mean I keep my money and my car is not broken. Last I heard German engineering was pretty good stuff. I assure you the German engineers would be appalled at the idea of their customer's needing to buy extended warranties.
I would agree that extended warranties do make tons of money, but they can also easily pay for themselves and make a car more attractive to a future buyer.

I'm not sure I follow your logic on engineers. Engineers create the parts, which are manufactured by a multitude of companies. If a part fails due to a manufacturer's defect it is covered by the warranty.
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      02-12-2013, 11:18 AM   #25
bender rodriguez
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Quote:
Originally Posted by ChasVS View Post

No effing way... You get a quote on this or just pulling out of you know where?
You really have to ask? I mean the dealership charges 400+ for a battery change in these cars. How much do you think twin turbo costs and the labor on it? Really.. This price has been quoted quite a few times on the boards btw
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      02-12-2013, 12:33 PM   #26
Fun w/N54
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To answer one of the previous posts, yes you can wait to purchase BMW warranties until just prior to 4/50 expiring and at ANY dealership, i.e. shop around. After the 4/50 only the PT through BMW is available.

For the sake of comparison what are the names of some trusted 3rd party companies. Heard Ford, Fidelity and few others mentioned on here.
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      02-12-2013, 12:35 PM   #27
bender rodriguez
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Quote:
Originally Posted by Fun w/N54 View Post
To answer one of the previous posts, yes you can wait to purchase BMW warranties until just prior to 4/50 expiring and at ANY dealership, i.e. shop around. After the 4/50 only the PT through BMW is available.

For the sake of comparison what are the names of some trusted 3rd party companies. Heard Ford, Fidelity and few others mentioned on here.
USAA has good ratings.
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      02-12-2013, 02:32 PM   #28
ddeliber
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Quote:
Originally Posted by Aaron Sweat View Post
I would agree that extended warranties do make tons of money, but they can also easily pay for themselves and make a car more attractive to a future buyer.

I'm not sure I follow your logic on engineers. Engineers create the parts, which are manufactured by a multitude of companies. If a part fails due to a manufacturer's defect it is covered by the warranty.
One additional note here, an extended warranty can still make money for the policy writer (bmw in this case) even if the repair bills you see add up to more than the sale price. Remember, BMW does not pay even close to the rates your dealer shows you on the invoice (that you don't pay for because of the warranty). I'll bet it is something like 50% (just a guess). Having said this, a good indy will also not charge you the dealer invoice prices either.

This is where the risk reward eval comes in. From what I have seen over the past few weeks here (newbie): 335 higher risk of expensive repairs, 328 not so much. I would also take into consideration things like miles that you didn't put on it, year - proximity to the first MY of say a new platform, clear maintenance history etc.
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      02-12-2013, 02:58 PM   #29
ericfox11
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Quote:
Originally Posted by Mr.Ritz View Post
USAA has good ratings.
You have to be a member of USAA though right? My mom has a membership as her dad (my grandpa) was in the military. So I think I should qualify for membership..
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      02-12-2013, 03:33 PM   #30
ericfox11
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Here are quotes I got from USAA.

Comprehensive Protection Plan 12 months from purchase date or 12,000 miles from purchase One payment of $1,472.08

Comprehensive Protection Plan 24 months from purchase date or 24,000 miles from purchase One payment of $2,211.86

Comprehensive Protection Plan 36 months from purchase date or 36,000 miles from purchase One payment of $3,524.88

Comprehensive Protection Plan 48 months from purchase date or 48,000 miles from purchase One payment of $5,634.26

Looks like the BMW one that covers an extra 3.5 years and 50,000 miles for $3900 for platinum coverage is definitely the way to go!
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      02-14-2013, 12:46 AM   #31
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I just bought a 2010 from BMW West and paid $1,900 for the Gold
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      02-14-2013, 06:34 AM   #32
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Quote:
Originally Posted by rleroy4298 View Post
I just bought a 2010 from BMW West and paid $1,900 for the Gold
How many years/miles does it cover?
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      02-14-2013, 06:52 AM   #33
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Quote:
Originally Posted by ddeliber View Post
One additional note here, an extended warranty can still make money for the policy writer (bmw in this case) even if the repair bills you see add up to more than the sale price. Remember, BMW does not pay even close to the rates your dealer shows you on the invoice (that you don't pay for because of the warranty). I'll bet it is something like 50% (just a guess). Having said this, a good indy will also not charge you the dealer invoice prices either.

This is where the risk reward eval comes in. From what I have seen over the past few weeks here (newbie): 335 higher risk of expensive repairs, 328 not so much. I would also take into consideration things like miles that you didn't put on it, year - proximity to the first MY of say a new platform, clear maintenance history etc.
So maybe a bit more clarification.... An extended warranty DOES make money for the policy writer. If it did not over all make money for the policy writer, extended warranties would not exist. What really cracks me up is the tire/wheel warranty the dealer tries to sell you. Who in the hell pays to insure a consumable item such as a tire? It's like buying insurance to ward off stale bread. The point being if you can't self insure for a tire replacement, then maybe owning an expensive car with fancy 45-series tires and delicate rims is not in your best financial interest.

And just to be clear, if the 335i can't be owned past the 100,000 mile warranty period (100,000 is the max I see BMW willing to let people pay for) then the car is a peice of shit. That said, if you expect it to only last 100,000 miles and drive great while doing it, then by all means, it's your money so do what thall wilt.
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      02-14-2013, 09:04 AM   #34
ericfox11
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Quote:
Originally Posted by rleroy4298 View Post
I just bought a 2010 from BMW West and paid $1,900 for the Gold
Regardless of the months/miles (which I am curious to know), the CHEAPEST gold option I have is $2600 in my quote from BMW of Dallas.

So I will email BMW West and try to get a quote. Thanks for letting me know!!
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      02-14-2013, 11:07 AM   #35
ericfox11
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So I called Momentum BMW West and got a quote on the 84M/100K warranty Gold was $3700 and Platinum was $4400...

My car is an 09 with 49K...I have no idea how you got it so cheap...
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      02-14-2013, 10:37 PM   #36
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Quote:
Originally Posted by Efthreeoh View Post
So maybe a bit more clarification.... An extended warranty DOES make money for the policy writer. If it did not over all make money for the policy writer, extended warranties would not exist. What really cracks me up is the tire/wheel warranty the dealer tries to sell you. Who in the hell pays to insure a consumable item such as a tire? It's like buying insurance to ward off stale bread. The point being if you can't self insure for a tire replacement, then maybe owning an expensive car with fancy 45-series tires and delicate rims is not in your best financial interest.

And just to be clear, if the 335i can't be owned past the 100,000 mile warranty period (100,000 is the max I see BMW willing to let people pay for) then the car is a peice of shit. That said, if you expect it to only last 100,000 miles and drive great while doing it, then by all means, it's your money so do what thall wilt.
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