Considering the cost of a BMW extended warranty is crucial when making a purchase decision. While it offers extended coverage, it's essential to assess the expenses involved and determine if it aligns with your budget and requirements.
The BMW extended warranty provides additional coverage beyond the standard factory warranty. It extends the protection for up to 3 years or 50,000 miles, safeguarding against potential repairs and unexpected expenses.
Before committing to a BMW extended warranty, it's essential to compare different coverage options. Each plan may vary in cost, duration, and the components it covers. Researching and understanding the coverage terms will help you make an informed decision.
This article aims to provide an insightful analysis of BMW extended warranty costs. By understanding the importance of considering these expenses and evaluating coverage options, readers will be empowered to make well-informed decisions that align with their budget and protect their investment.
How Much Does BMW Extended Warranty Cost?
Similar to the warranty offered by Mercedes-Benz factories, BMW ensures that every new car purchase is accompanied by a comprehensive bumper-to-bumper warranty. This warranty provides full coverage for the entire vehicle, with a duration of either 4 years or 50,000 miles, whichever milestone is reached first. BMW's new vehicle limited warranty offers standard bumper-to-bumper protection, encompassing repairs for the engine, transmission, and most major systems.
On the other hand, when it comes to extended powertrain coverage, BMW sets itself apart from luxury counterparts such as Genesis, Infiniti, Cadillac, and Acura. Unlike these brands, BMW does not provide additional powertrain protection beyond its standard warranty. As a result, many BMW owners opt for extended warranty options to enhance their coverage.
So, it's important to note that BMW's roadside assistance program sets itself apart with unrestricted mileage coverage, ensuring support for a generous four-year period. Moreover, the corrosion warranty provided by BMW extends for an impressive 12 years with no mileage limitations.
The cost of a BMW extended warranty typically falls within the range of $3,000 to $4,000, although prices may vary based on factors such as the chosen coverage, the year of the BMW, and its condition.
For those seeking the highest level of protection, the top-tier Platinum Plans can exceed $6,000, providing coverage for five years or 100,000 miles. Alternatively, a BMW Gold Warranty, covering seven years or 75,000 miles, can be obtained for around $3,500.
By investing in a BMW extended warranty, you can extend the duration of the original 4-year/50,000-mile bumper-to-bumper warranty that safeguards new BMWs against manufacturing defects. This additional protection is available for up to three years or 50,000 miles, offering you an extended period of coverage and peace of mind while driving your BMW.
BMW Factory Warranty Coverage
In essence, every new BMW model comes with a comprehensive warranty package designed to provide peace of mind to owners. The basic coverage lasts for 4 years or 50,000 miles and encompasses all components except for those subject to normal wear and maintenance. This ensures that you are protected from unexpected repairs during the initial years of ownership.
Additionally, BMW offers powertrain coverage for the same duration and mileage as the basic coverage. This includes crucial components such as the engine, transmission, and drivetrain, ensuring that you are covered in case of any powertrain-related issues.
Furthermore, BMW's corrosion coverage is extensive, lasting for an impressive 12 years with no mileage limitations. This demonstrates the brand's commitment to ensuring the longevity of your vehicle's body and protecting it against corrosion damage.
To provide further assistance, BMW offers roadside assistance for 4 years with unlimited mileage. This service includes various benefits such as emergency towing, fuel delivery, and flat tire assistance, enabling you to tackle unexpected situations with ease.
Is a BMW Extended Maintenance Warranty Worth It?
For countless car enthusiasts, the ownership of a BMW represents the realization of a cherished dream. The sleek design, powerful performance, and luxurious features make it a top choice. However, it's important to consider the potential costs associated with owning and maintaining a BMW. Routine maintenance alone can be surprisingly expensive, and if you plan to keep your car for an extended period, it's essential to keep up with maintenance to avoid hefty repair bills down the line.
Let's take a closer look at the costs of repairs for a BMW that is no longer covered by the manufacturer's warranty. For instance, a 2018 BMW 740i would cost around $2,500 for brake replacements on all four corners. Additionally, an oil service would set you back $129, while a fuel pump replacement could cost as much as $2,750. If you need to replace the battery and alternator, you're looking at approximately $550 and $2,980, respectively.
Similarly, the 2018 BMW X3 xDrive30i would require around $1,850 for brake replacements on all four corners. An oil service would cost $119, while a fuel pump replacement could reach up to $1,425. If you find yourself needing to replace the battery and alternator, it would cost around $449 and $1,675, respectively.
In the case of the 2018 BMW 230i Coupe, brake replacements on all four corners would amount to approximately $1,750. An oil service would cost $119, while a fuel pump replacement could reach up to $1,425. Battery replacement and alternator repair would cost around $449 and $1,890, respectively.
Considering these potential expenses, it's clear that an extended warranty is worth considering. If you purchased a pre-owned BMW or plan to keep your vehicle for more than a couple of years, an extended warranty provides peace of mind and can save you thousands of dollars in unexpected repair costs. It's certainly worthwhile to explore the options available to you.
How Long is a BMW Extended Warranty?
When it comes to extending your BMW's factory warranty, you have the option to choose between 75,000 or 100,000-mile terms that can extend the coverage by 1, 2, or 3 years. It's important to note that these terms include the length of the original factory warranty.
For instance, if you decide on a 7-year, 100,000-mile warranty, you're essentially adding 3 years and 50,000 miles of coverage to the existing warranty. On the other hand, if you opt for a 5-year, 75,000-mile warranty, you'll receive an additional 1 year and 25,000 miles of coverage.
While BMW provides competitively priced and customizable extended warranties, it's crucial to be aware of certain limitations that may affect your eligibility. The following general exclusions apply:
- Cars older than the model year 2017: Extended warranties are typically not available for older BMW models.
- Vehicles over 60,000 miles: If your BMW has already exceeded 60,000 miles, it may not qualify for an extended warranty.
- Vehicles with an in-service date of over 3 years ago and not covered under UltimateCare +: BMW considers the in-service date and whether the vehicle is already covered under their UltimateCare + program when determining eligibility for extended warranties.
It's essential to understand these limitations before making a decision regarding an extended warranty for your BMW. However, if your vehicle meets the criteria and you wish to have additional coverage and peace of mind, BMW's extended warranty options can be a valuable investment.
BMW Extended Warranty Plans and Packages
BMW provides the Ultimate Protection Program, comprising Powertrain Plus, Gold, and Platinum extended vehicle service contracts. Moreover, BMW presents Ultimate Protection and Ultimate Care, encompassing protection plans and pre-paid maintenance plans.
When considering a BMW extended warranty, you can customize your coverage by combining various protection and maintenance plans. Now, let's explore each extended warranty and the additional coverage offered by BMW.
1. BMW Extended Warranty Platinum
A BMW's Platinum plan, popularly referred to as a bumper-to-bumper warranty, renowned for its extensive coverage. This comprehensive plan safeguards almost all significant mechanical and electrical vehicle components, with only a short list of exclusions.
Encompassing vital parts like the engine, transmission, fuel system, cooling system, electrical system, air conditioning, braking system, and steering, the platinum plan stands out as an exclusionary policy. In simpler terms, it explicitly states what it does not cover, emphasizing its comprehensive nature.
Combining the benefits of the Gold and Powertrain Plus plans, the platinum plan goes beyond, offering coverage for both the interior and exterior of your prized BMW. With this exceptional plan, your vehicle remains fully protected and cared for.
This top-tier warranty option provides an unparalleled level of coverage and protection for your BMW vehicle. With a three-year Platinum BMW Extended Service Contract, you can expect an extensive range of coverage, but be prepared to invest more than $7,000. If you opt for a 5-year/100,000-mile Platinum Contract, the cost can reach as high as $6,500. However, the added benefits and coverage make it well worth the investment.
2. BMW Gold Extended Warranty
In terms of coverage, the Gold plan falls slightly short compared to the Platinum plan. While the Platinum plan offers extensive coverage, including electrical parts and the vehicle's entertainment system, the Gold plan has limitations in these areas.
Despite this, BMW classifies the Gold plan as comprehensive coverage, as it provides protection for vital components such as the transmission, engine, cooling and fuel systems, anti-lock brakes, steering, air conditioning, and heating.
For around $3,500, you can enjoy the benefits of a 7-year/75,000-mile Gold warranty. This extended warranty plan not only covers the powertrain but also includes additional components and systems, offering a comprehensive package for a longer duration.
3. BMW Powertrain Plus Warranty
The BMW Powertrain Plus plan offers restricted coverage for essential components such as the transmission and engine. This specific warranty plan focuses on safeguarding the powertrain, which includes the engine, transmission, and drive axles, along with a few additional parts.
In summary, the Powertrain Plus plan provides limited protection for the engine, transmission, drive axle, cooling, and fuel systems. Additionally, it offers comprehensive coverage for the all-wheel drive transfer case (if applicable) and the induction system.
The BMW Powertrain Plus Warranty, an excellent choice for those looking for comprehensive coverage at a reasonable cost. For approximately $2,000, you can extend your warranty by an additional year and gain an extra 25,000 miles of coverage.
Below is a convenient table outlining the details of each BMW warranty package, facilitating an effortless comparison of coverage and terms:
|BMW Extended Warranty Plan||Coverage Terms||Covered Components||Exclusions|
|Powertrain Plus||7 years/|
|Engine, fuel and cooling systems, transmission and drive axle||All-wheel-drive, transfer case|
and engine induction system
|Everything included in the Powertrain plan as well as steering,|
anti-lock brakes, heating and air conditioning systems
and navigation systems
|Everything in the Gold Plan as well as the navigation system,|
entertainment system, audio system and certain exterior and interior parts
|Wear-and-tear items like brake pads|
and wiper blades
Third Party Extended Warranty Cost and Length
While BMW's extended warranty options have their merits, they also come with drawbacks. Firstly, servicing the vehicle exclusively at a BMW dealership may not always be convenient. Moreover, despite the potential for cost savings, these warranties remain highly expensive. Additionally, not all vehicles are eligible for coverage.
Choosing a third-party warranty, such as CARCHEX or Endurance, often proves more affordable and can provide longer coverage than BMW's options. Many third-party providers offer terms that extend up to ten years and feature low deductibles, ensuring manageable repair costs. Mileage restrictions are also frequently lifted, with some companies offering coverage even up to the 250,000-mile mark.
Most third-party warranties follow a tiered structure similar to BMW, granting further customization. They also offer additional benefits, including complimentary towing, rental car reimbursements, and roadside assistance—popular among customers.
It's important to note that several third-party companies enforce a waiting period, during which claims are not covered (typically around 30 days and 1,000 miles). Therefore, it is advisable to secure coverage sooner rather than later to safeguard your interests.
BMW Extended Warranty Exclusions
While a BMW extended vehicle protection plan offers coverage for major components, it's important to note that it doesn't absolve contract holders of all repair costs. There are certain exclusions typically found in most vehicle warranties:
- Regular wear-and-tear items like wiper blades and brake pads are not covered.
- Damages resulting from owner abuse or neglect are excluded from warranty coverage.
- Repairs arising from improper repairs conducted by unauthorized individuals or facilities are not covered.
- Vehicles modified with aftermarket components may not be eligible for warranty repairs.
- Damages that fall under the purview of an insurance provider, such as collisions, acts of nature, or theft, are typically not covered by the warranty.
- Regular maintenance, such as oil changes, tire rotations, and filter replacements, is not included in the warranty coverage.
Understanding these exclusions is crucial to managing expectations and being aware of potential costs that may not be covered by the extended vehicle protection plan. It's important to review the warranty terms and consult with the dealership or warranty provider for clarification on specific coverage details.
Comparison of BMW Extended Warranty Providers
When it comes to extending the warranty for your BMW, you have two primary options: a factory extended warranty from BMW or an aftermarket extended warranty from a third-party provider. While we have focused on the factory extended warranty thus far, let's delve into the world of aftermarket options and compare them to the factory warranties.
For a comprehensive overview, let's compare a BMW third-party extended warranty with the top two providers in the market. This analysis will help you make an informed decision regarding the best warranty option for your BMW.
|BMW Extended Warranty||CARCHEX||Endurance|
|Coverage Tiers||3||5 (21 contracts total)||6|
|Maximum Term||7 years/100,000 miles||10 years/250,000 miles||8 years/200,000+ miles|
|Pricing Availability||See BMW dealer for details||Get free quote online||Get free quote online|
|Repair Facilities||Only BMW dealerships||Up to 30,000 certified repair facilities||ASE-Certified®repair facilities|
FAQs on BMW Extended Warranty
As a BMW owner, you may have questions about the extended warranty options available to protect your vehicle. In this section, we will address some common queries regarding BMW extended warranties, including the cost and coverage details.
1. Does BMW extended warranty cover roadside assistant?
Yes! When you invest in an extended warranty for your BMW, you not only gain coverage for repairs but also gain access to valuable perks and services. One such benefit is 24-hour BMW roadside assistance, which is available to customers who purchase extended coverage.
With 24-hour BMW roadside assistance, you can have peace of mind knowing that help is just a phone call away. Whether you find yourself with a dead battery and need a jump start, accidentally lock your keys inside the car, require towing services, or need assistance with tire changes, BMW has got you covered.
In the event of a warranty claim, a BMW service contract ensures that you receive genuine BMW parts directly from the manufacturer. This means that you can trust the quality and compatibility of the replacement parts, ensuring that your BMW maintains its optimal performance and reliability.
2. Can I negotiate the cost of a BMW extended warranty?
Well, the answer is yes! Just like the process of buying a car itself, you have the opportunity to negotiate the price of a BMW extended warranty. It's important to note that BMW cars are known for their luxurious features and advanced technology, which can make maintenance costs quite high.
Consequently, the extended warranty for a BMW is likely to come with a higher price tag compared to other vehicles. However, don't let that discourage you, as negotiation is still possible. By engaging in open and respectful discussions with the dealership, you can explore the potential for obtaining a better deal on your BMW extended warranty.
3. Can I buy a BMW Extended Warranty later?
Absolutely! You have the flexibility to buy a BMW extended warranty at any time, including after your initial purchase. BMW offers the Ultimate Protection extended warranty, which can be purchased right up until your vehicle's original factory warranty reaches its expiration.
This means you have ample opportunity to evaluate your needs and make an informed decision about extending the warranty coverage for your BMW. Keep in mind that while buying a warranty later is convenient, it's always advisable to consider your specific requirements and compare the available options before making a final decision.