A Question About Extended Warranty

nycdoctor

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#1
I am about to hit 50,000 miles and my warranty for my car is about done. I talk to BMW dealership and they offered me extended warranty for my car....brake pad, oil change. The only thing that is not covered is the engine. The warranty is for 2 years or 100,000...whatever comes first. My question is...Is there anyone who got the extended warranty...is it worth paying for it? How much does a brake pad job cost for a BMW?
 

Big Daddy

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#2
I have never heard of an extended warranty for brake pads and oil changes, are you sure this is not an extended service agreement? How much are they charging for this? If you can do your own brake jobs they are very reasonable, if you have a non-dealer German car mechanic in your area they are ok, but from a dealer they are nothing short of over priced!

I change my own oil with Mobil 1 and German filters, I spend about $35.00 for oil and filter, and my car uses 7 qts. Brake pads run any where from $35.00 to over $100 depending on what you want and use. Brake rotors can also run between $35.00 and over $100 ea again depending on what type and style you want 9Track, Sport or Street), lastly you have brake pad sensors, less than $10 ea and you need two.
 
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#3
BMW offers two kinds of warrantees; extended maintenance and extended warrantee. A lot of people get them confused. They both extended coverage to 6/100. However your BMW must still be under it's original 4/50 coverage.

The service warrantee is an extended service contract that extends the original "free" service coverage and is fairly comprehensive. It retails, depending on model, $1500-2500. The extended warrantee is only available to the original owner and extends most of the new vehicle warrantee with $50 deductible per visit. It retails, again model dependent, $2500-4500 or so.

In the spirit of disclosure, I currently have the extended service warrantee on my M3. I purchased it at a dealer I don't normally deal with because they give me the best price, MSRP, before the price on all BMW warrantees increased on June 16, 2007. In my case, $1195 seemed like a bargain considering the cost of inspection 2 and a brake job. However, at $2000 (new price) it may be worth looking into an independent shop for service. I plan on purchasing the extended warrantee sometime next year.
 
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#4
I had the extended service and the extended warranty on my 3'er. Several years ago you could purchase directly from BMWNA without the markup of the dealership, which turned out to be about $300.00 added to each policy. I would shop several BMW dealerships for the best price as you can take it to any dealership after purchase, some have huge markups.

To me it is worth it, both of them. The brakes (rotors) were covered as my 3'er needed that. Actually I sold the car, but they turned it into a CPO since I had both coverages to 100,000........one thing that is not covered is the control arm/ bushings. On a 3 it is normal to go out before 60,000. BMW did a good faith on mine after 50,000, but if you don't have a good service dealership, you might have to pay.


Another point is resale value if you may not keep the car another 2 years. I would never buy a used BMW without a BMW extended warranty to 100,000. I made that mistake on the other 7.

It is just an insurance policy.......you always want it if you needed it. Look into your crystal ball........
 


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