FAQ: How Much Does Bmw Extended Warranty Cost?

BMW Extended Warranty Cost Many people paid between $2,500 to $3,500 for three years of coverage. This is a high price for an extended warranty plan compared to competitors, but it is not surprising considering the high maintenance cost of BMW vehicles.

How much does a BMW warranty cost?

BMWs are expensive vehicles to maintain, so vehicle service contracts are likely to be pricey. Some customers have reported prices as high as $6,500 for a 5-year/100,000-mile Platinum contract. Based on our research, a BMW extended manufacturer’s warranty is likely to cost between $3,500 and $6,000.

Can you buy BMW extended warranty later?

If you buy a new vehicle, you can add BMW extended warranty coverage right away or at any time before your original warranty’s expiration. So, for example, if you drive more than 12,000 miles a year, you’d need to buy the extra coverage before your car is 4 years old.

Is BMW extended 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.

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How much does it cost to add extended warranty?

An extended warranty plan from the dealership will usually cost between $1,000 and $1,500. Normally, the cost of an extended warranty is tacked on to your monthly car payment. However, one drawback to is you may end up paying interest on the warranty, and it becomes more expensive in the long run.

Are BMW expensive to maintain?

Is BMW maintenance expensive? Yes, BMW’s maintenance cost after the warranty is more expensive than many other brands – luxury or not. A BMW can cost about $5,000 more to maintain over a 10-year period than a Mercedes-Benz, and $12,000 more than a Toyota.

What does a BMW warranty cover?

In general, a BMW warranty covers: Bumper-to-bumper protection—BMW bumper-to-bumper warranties last 4 years or 50,000 miles, whichever comes first. Also known as comprehensive or exclusionary coverage, this warranty includes most repairs for mechanical breakdown due to faulty materials or workmanship.

Can you add an extended warranty after purchase?

An extended car warranty is repair coverage that kicks in after the typical manufacturer auto warranty has expired. You can even purchase an extended warranty after the manufacturer warranty expires, although the price will go up considerably.

How much does an extended BMW warranty cost?

BMW Extended Warranty Cost Many people paid between $2,500 to $3,500 for three years of coverage. This is a high price for an extended warranty plan compared to competitors, but it is not surprising considering the high maintenance cost of BMW vehicles.

Can I buy BMW maintenance plan?

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.

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Why is BMW maintenance so expensive?

Maintaining a BMW is expensive because it’s a German car with specialty parts and technology. BMW is engineered for driving enthusiasts – it’s not just a car to get people from point A to point B. BMW has sophisticated technology that requires specialized certification to properly repair.

Can I cancel BMW maintenance plan?

IIRC, with the BMW plans: – maintenance can only be cancelled within 5 days of purchase.

Does BMW still offer free maintenance?

BMW is offering free servicing on its new vehicles for the first three years or 60,000km. The “BMW Service Inclusive Plus” deal applies to all new cars sold between now and the end of October and covers everything from oil changes and labour costs to brake pads, clutches and windscreen wipers.

Why extended warranties are a waste of money?

Extended warranties are rarely worth your money. Products don’t break on their own, and when they do, the price of repairs is usually lower than what you’d spend on an extended warranty. In most cases, it’s best to skip the extended warranty and use your extra cash to build up an emergency fund.

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.

How much is a 3rd party car warranty?

Typically the average cost of an extended car warranty would be around $1,800 with a good quality package and after-sales service. But when you divide that price up into affordably low monthly payments, protection for your vehicle ends up costing a whole lot less than your cable bill.

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