Extended Warranty Question

audiprotein · 06-20-2011, 05:50 PM

Guys, need help.
Has anyone had a good experience with a third party warranty?
I would get the one from the BMW, but from what i understand, it is only good for 6 yrs/100k miles from the original purchase, right?
The car is 05, but only got 55k miles, so it would be pointless to pay 2-3K for a year of warranty.
Its an X5, i asked this question in the X5 forum, but got no help. And i know you guys know your stuff.
I need to decide if we need one within 2 days.
Thanks a lot.

John 070 · 06-20-2011, 06:40 PM

True, factory extended is either 6/100 or 7/100 (or 6/70 or 7/70 but not worth it)....my thing is I want to get what I pay for. What good is having a 15/350 warranty for $500 if the co. is gone by the time I go to use it? Or if a dealership refuses to honor it or tells me I have to pay up front?

We all know how dealerships refuse to do work when a car is new under a full factory warranty (no SES, no service), why would they honor the ACME Extended Packet Warranty without a fight?

I rather get the BMW extended and be treated like a CPO...my .02

chromisdesigns · 06-20-2011, 06:45 PM

Quote:

Originally Posted by audiprotein

Guys, need help.
Has anyone had a good experience with a third party warranty?
I would get the one from the BMW, but from what i understand, it is only good for 6 yrs/100k miles from the original purchase, right?
The car is 05, but only got 55k miles, so it would be pointless to pay 2-3K for a year of warranty.
Its an X5, i asked this question in the X5 forum, but got no help. And i know you guys know your stuff.
I need to decide if we need one within 2 days.
Thanks a lot.

BMW will only sell you a powertrain warranty for out-of-warranty car, not much sense for an '05. Similar issues apply for 3rd party warranties, a lot of them won't sell you a "full coverage" once the factory warranty has expired.

Tortfeasor 335xi · 06-20-2011, 07:03 PM

Google extended warranty scam to learn why you should not ever purchase one of these.

audiprotein · 06-20-2011, 07:24 PM

Haha, thanks guys.
The only thing i'm worried about is the tranny, its 4.4.

And i seriously went through like 5 different 3rd party warrantied today, and they all smell like scam.
One of the companies wanted 7K for the warranty! LOL

M340i Pride · 06-20-2011, 07:37 PM

Quote:

Originally Posted by audiprotein

Haha, thanks guys.
The only thing i'm worried about is the tranny, its 4.4.

And i seriously went through like 5 different 3rd party warrantied today, and they all smell like scam.
One of the companies wanted 7K for the warranty! LOL

7K! thats truly a scam. they need to be

325/528 · 06-20-2011, 08:29 PM

I have had good luck with easycare warranty. Just used it as it included a tire warranty with the Totalcare warranty. Paid for drivers side front and rear tires after hitting a pothole with the crappy runflats.

chromisdesigns · 06-20-2011, 09:45 PM

Quote:

Originally Posted by audiprotein

Haha, thanks guys.
The only thing i'm worried about is the tranny, its 4.4.

And i seriously went through like 5 different 3rd party warrantied today, and they all smell like scam.
One of the companies wanted 7K for the warranty! LOL

I'll bet it's Warrantydirect.com, right?

Truly amazed at their prices!

audiprotein · 06-21-2011, 12:34 AM

No, it was some "protective" auto insurance.

Gonna take a look at easycare.
Thanks Guys.

06-20-2011, 05:50 PM	#1
audiprotein Lieutenant 18 Rep 439 Posts Drives: Audi a4 Join Date: Oct 2007 Location: Chicago Burbsss iTrader: (0)	Extended Warranty Question Guys, need help. Has anyone had a good experience with a third party warranty? I would get the one from the BMW, but from what i understand, it is only good for 6 yrs/100k miles from the original purchase, right? The car is 05, but only got 55k miles, so it would be pointless to pay 2-3K for a year of warranty. Its an X5, i asked this question in the X5 forum, but got no help. And i know you guys know your stuff. I need to decide if we need one within 2 days. Thanks a lot. __________________ L.E.T.S. G.O. H.A.W.K.S.
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06-20-2011, 06:40 PM	#2
John 070 Lieutenant General 1705 Rep 14,829 Posts Drives: 335i cpe Join Date: Oct 2006 Location: ZSP/ZPP/ZCW iTrader: (0)	True, factory extended is either 6/100 or 7/100 (or 6/70 or 7/70 but not worth it)....my thing is I want to get what I pay for. What good is having a 15/350 warranty for $500 if the co. is gone by the time I go to use it? Or if a dealership refuses to honor it or tells me I have to pay up front? We all know how dealerships refuse to do work when a car is new under a full factory warranty (no SES, no service), why would they honor the ACME Extended Packet Warranty without a fight? I rather get the BMW extended and be treated like a CPO...my .02
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06-20-2011, 07:03 PM	#4
Tortfeasor 335xi Corporate Hack 4 Rep 288 Posts Drives: '08 335xi Coupe Join Date: Mar 2008 Location: Princeton, NJ / Philly, PA iTrader: (0)	Google extended warranty scam to learn why you should not ever purchase one of these. __________________ New Car: 2008 335xi Coupe Earlier Car: 2004 STi (got stolen) Earlier Earlier Car: 1995 Mustang GT (416 whp and a blown engine) Really Much Earlier Car: 1988 Mazda 626 TURBO
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06-20-2011, 07:24 PM	#5
audiprotein Lieutenant 18 Rep 439 Posts Drives: Audi a4 Join Date: Oct 2007 Location: Chicago Burbsss iTrader: (0)	Haha, thanks guys. The only thing i'm worried about is the tranny, its 4.4. And i seriously went through like 5 different 3rd party warrantied today, and they all smell like scam. One of the companies wanted 7K for the warranty! LOL __________________ L.E.T.S. G.O. H.A.W.K.S.
	Appreciate 0 Quote

06-20-2011, 08:29 PM	#7
325/528 Second Lieutenant 23 Rep 278 Posts Drives: pinto Join Date: Jan 2008 Location: lost soul iTrader: (7)	I have had good luck with easycare warranty. Just used it as it included a tire warranty with the Totalcare warranty. Paid for drivers side front and rear tires after hitting a pothole with the crappy runflats.
	Appreciate 0 Quote

06-21-2011, 12:34 AM	#9
audiprotein Lieutenant 18 Rep 439 Posts Drives: Audi a4 Join Date: Oct 2007 Location: Chicago Burbsss iTrader: (0)	No, it was some "protective" auto insurance. Gonna take a look at easycare. Thanks Guys. __________________ L.E.T.S. G.O. H.A.W.K.S.
	Appreciate 0 Quote