E90Post
 


Lux Angel Eyes
 
BMW 3-Series (E90 E92) Forum > E90 / E92 / E93 3-series Technical Forums > Mechanical Maintenance: Break-in / Oil & Fluids / Servicing / Warranty > Extended Warranty



Reply
 
Thread Tools Search this Thread
      06-23-2005, 08:11 PM   #1
Big Foot
Private
 
Drives: 2006 330i Sedan
Join Date: Jun 2005
Location: Barrie, Canada

Posts: 84
iTrader: (0)

Extended Warranty

In response to a previous thread, I asked my dealer about purchasing a Extended Warranty just before the new car warranty expires.
He replied it would cost approx. $1,500.00 CDN more in today's prices then to purchase the same coverage at time of delivery.
I am going to get the Ultimate from Coverage One Corporation with $200.00 Deductable.
This is all inclusive with specified exclusions and is for 7 years/140,000 Km
The exclusions are mainly maintaince items such as brakes, trim etc.
The only electronic item excluded that I can see is the Nav System.
I think with BMW, especially a new model, the service rates are too high, $90.00/Hr, and the chances of having electrical/computer breakdowns are high.
This coverage is $2,627.00 CDN from the BMW dealer.
They told me BMW does not offer an extended warranty with their new cars, only the Certified Series with certain used cars.
I am planning on keeping the car for approx 6-7 years.
Big Foot is offline  
0
Reply With Quote
      06-23-2005, 09:26 PM   #2
collinp
Private First Class
 
Drives: 2006 330i
Join Date: May 2005
Location: San Francisco

Posts: 117
iTrader: (0)

My dealer will sell me an extend warranty from BMW. They claim it is similar to BMW's certified pre-owned warranty. It adds 2 years and 50K. It has a $50 deductible and does not cover radio or nav. This brings the total coverage to 6 yrs 100,000 miles. They're quoting $2,249.00 US.

The other option they offer is Universal Underwriters coverage. The deductible is $100 but it does cover stereo and nav. The price for 2 years 50K is $2,389. The price for 3 years 50K is $2,528.

In addition to this they offer the BMW extended maintenance plan for another 2 years / 50K. They are quoting $1,295.

I'm probably going to go for the extended maintenance and extended warranty from BMW. This will get me about as covered as I can be for the first 100K miles.

- Collin
collinp is offline  
0
Reply With Quote
      06-23-2005, 09:28 PM   #3
bookman2
Second Lieutenant
 
bookman2's Avatar
 
Drives: 2006 330i SP, PP
Join Date: Jun 2005
Location: Chicago, IL

Posts: 203
iTrader: (0)

I think you're doing the right thing, especially if you plan to keep the car for 6-7 years. I'll be keeping mine for at least 5 years and i'm getting it.
bookman2 is offline  
0
Reply With Quote
      06-23-2005, 09:29 PM   #4
collinp
Private First Class
 
Drives: 2006 330i
Join Date: May 2005
Location: San Francisco

Posts: 117
iTrader: (0)

Note that BMW's extended maintenance plan is supposed to cover wear items like brakes. The mantra I've heard from several dealers is that it covers "everything but tires". We'll see.

- Collin
collinp is offline  
0
Reply With Quote
      06-24-2005, 07:51 AM   #5
Big Foot
Private
 
Drives: 2006 330i Sedan
Join Date: Jun 2005
Location: Barrie, Canada

Posts: 84
iTrader: (0)

I will ask my dealer about Maintenance Coverage.
Thanks for the input.
Big Foot is offline  
0
Reply With Quote
      06-24-2005, 10:39 PM   #6
HRC
MAUI BUILT
 
HRC's Avatar
 
Drives: 2006 330i MT
Join Date: Jun 2005
Location: NORCAL

Posts: 7,779
iTrader: (10)

Garage List
2006 330i  [0.00]
Send a message via AIM to HRC
Quote:
Originally Posted by collinp
My dealer will sell me an extend warranty from BMW. They claim it is similar to BMW's certified pre-owned warranty. It adds 2 years and 50K. It has a $50 deductible and does not cover radio or nav. This brings the total coverage to 6 yrs 100,000 miles. They're quoting $2,249.00 US.

The other option they offer is Universal Underwriters coverage. The deductible is $100 but it does cover stereo and nav. The price for 2 years 50K is $2,389. The price for 3 years 50K is $2,528.

In addition to this they offer the BMW extended maintenance plan for another 2 years / 50K. They are quoting $1,295.

I'm probably going to go for the extended maintenance and extended warranty from BMW. This will get me about as covered as I can be for the first 100K miles.

- Collin
Collin,

Do you think you can bargain with the dealership on the prices? My fiance recently purchased a TSX and when we said no to the extended warranty, the F&I guy dropped the price right away.

Danny
HRC is offline   United_States
0
Reply With Quote
      06-25-2005, 09:14 AM   #7
Big Foot
Private
 
Drives: 2006 330i Sedan
Join Date: Jun 2005
Location: Barrie, Canada

Posts: 84
iTrader: (0)

Here is a copy of a reply I got from another board.
I quote "It means $2627 with $200 deductible is for a coverage of extra 3 yrs/60k km.
And here is for your info...
Let assume you've 5 problems during the last 3yrs and each one cost over $200. It means you're paying $3627 ($2627 + 5*$200) in total. A average of $725.4 ($3627/5) per problem fixing.
For 10 problems, you'll pay $5627 in total and a average of $562.7 per problem fixing."
So, I guess it really is a guessing game.
I know I used the EW on my 2000 Dodge Dakota Truck 4 X 4 and wish that the coverage period was longer then than the 100,000 KM as I put another $1,600.00 into power steering repairs at 146,000 KM.
So I think I will get the EW.
If it was an Acura or Lexus, I probably wouldn't.
Big Foot is offline  
0
Reply With Quote
      06-25-2005, 07:19 PM   #8
collinp
Private First Class
 
Drives: 2006 330i
Join Date: May 2005
Location: San Francisco

Posts: 117
iTrader: (0)

Quote:
Originally Posted by HRC
Collin,

Do you think you can bargain with the dealership on the prices? My fiance recently purchased a TSX and when we said no to the extended warranty, the F&I guy dropped the price right away.

Danny
We'll see. I've talked preliminary numbers on the car with my salesman, but he says that the coverage plans are handled by the finance department not him. So I'll have to talk to those guys. My salesman said he thought that all BMW Centers had to sell extended coverage for the same price. I don't know if I believe that.

- Collin
collinp is offline  
0
Reply With Quote
      06-25-2005, 07:33 PM   #9
collinp
Private First Class
 
Drives: 2006 330i
Join Date: May 2005
Location: San Francisco

Posts: 117
iTrader: (0)

Quote:
Originally Posted by Big Foot
So I think I will get the EW.
If it was an Acura or Lexus, I probably wouldn't.
I am coming from an ultra-reliable Acura and my biggest concern with the BMW is reliability. Almost everyone I know who owns a BMW has had to do some pretty major repair work to keep the car running in top condition. Surprisingly these same people still absolutely love their BMWs. Add to this the fact that I'm getting a first model year car and I am quite concerned that this thing is going to be in the shop a lot. If it is I sure as heck don't want to be paying for it out of pocket. I am also a 20,000+ miles a year driver, so I'll use up the standard warranty real quick. I am definitely getting an extended warranty and extended maintenance coverage.

- Collin
collinp is offline  
0
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 09:27 AM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST