Hi All, I was looking out for a extended warranty for my 2001 BMW 325Xi, and the best quote I got from a third party was 2700$. It covers most of the parts except for the regular wear n tear items like brake pads, rotors etc. The best part about the warranty is it covers control arms and bushings which I need to replace immediately ($800 parts + labor). I have 59000 miles on it and plan to keep it for another 3 yrs atleast. Considering the high repairs associated with any aging Bimmer what do you all think Deal or No Deal.

Thanks in advance.

Which company is this with?
Does this cover only to 6yr and 100k or beyond that?
I have seen several 3rd party extended warranties to 6yr/100K for $2100-2200, with less exclusions than the BMW extended warranty.
Are you purchasing this direct through the company or an agent or a dealer?

I think i would go with the warranty. I bought my 330I with the CPO warranty. I have been so glad that i went with the warranty.

It covers for an additional 60000miles and 6yr. The name of the company is Warranty One and Iam buying it offline not through a dealer.

Did you ask them what it *will not* cover? Thats just as important of a question as what it will cover.

I've considered purchasing warranty like that but I would need to do some more research frist.

If they cover most of the things...
an additional 6 years is NICE!!

Won't your new warranty require an inspection? If so, the control arms and bushings will be a preexisting condition and won't be covered.

I have never owned a car with a warranty...so to me it seems like throwing money away. I mean...you are betting $3k that you will definitely have to spend more than $3K in repairs in the next 50K miles.

Unless the car has already been a maintenance hog...that doesn't seem like a sound bet to me. What is the worst thing that could happen? Trans dies? A bunch of suspension work? Either of those would be no more than $3k (used trans swap $2500) if you were smart about who did the work and in what manner...and those are somewhat remote chances at failure...

Also: Control arms and bushings for $800? Are they gold plated? WTF? You can get performance aftermarket sets for $400 and up...so I think you are getting fleeced by your dealer.

Sure you will get different opinions here. I bought one for a $1000 for my first Accord and never used it once. The car was rock solid. I have never bought one since. Like the guy above said - you are betting that AT LEAST $3000 will go wrong. If you are a person that does everything at the BMW dealer - maybe you will. If I start spending $3k in problems - time for me to get another car....

Even though I'm about to post a warranty question on here myself, I'm gonna have to say No Deal. With an extended warranty, its not going to cover the 60k maintenance ($700 at dealership I think I was quoted), 90k maintenance, and any wear and tear like brakes and rotors like you said. That's a lot you're paying in addition to that extended warranty. About the only thing that I'd be worried about going that I'd want the warranty for would be the tranny, but hard for me to justify spending that much for something that "might" happen.

Also, be careful about what their terms of reimbursement are. For example, if they can claim it was an error caused by the driving style of the driver, then they wont pay.

Elsewhere in this forum, a discussion of the fine print of one of the major policies reveals the following: if you don't change oil every 3K then the you're no longer covered, at least by that one company. Assuming you use synthetic oil, there's little chance you'll change the oil that frequently. Check on this issue before signing.

As always with insurance, you're paying for typical risk + their overhead + their profit. All you get back is covering your risk. Thus the old rule--self insure if you can afford to do so and otherwise pay the insurance company--remains the wisest choice.

I bought one for a $1000 for my first Accord and never used it once. The car was rock solid.

Why did you insure a car that has such a remarkably low chance of breaking?

In 14 years, besides batteries and tires, my Toyota MR2 Turbo has gone through one turn signal switch. That's it! When I bought it new from the dealership in 1993 I laughed at them when they asked if I wanted to pay extra for the 100K coverage. That's what buying a Toyota or Honda is for--NOT having to buy the extra coverage.

With BMW, it's more complicated.

That honda was the first switch from a long string of owning american cars. when you own 6 cars that fall apart - you assume they all will.

Get a quote from more companies.

Try Universal Underwriters Group.

My local BMW dealership sells their plans. Good value for the money. I bought one myself.

PM and I will send you the contact info for the F&I manager, she can give you a quote. She also can give you a discount.

Good Luck.