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Are extended warranties worth it?

Discussion in 'BMW' started by jmk909er, Sep 10, 2018.

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    jmk909er

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    My BMW factory warranty is expiring soon. I have 38,000 miles on the car so should I be considering an extended warranty? Since I am a first time BMW owner what kind of reliability can I expect? Maybe I should just drive it and forget about it???

    If I were to get an extended warranty can I get some recommendations as to where I should look?

    Thanks, Joe
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    • Staff

    steven s

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    Are you a gambling person?
    On my 2003 Mini it was not worth it.
    I needed a fuel pump after the factory warranty ran out.
    So I look at it as a $3200 fuel pump.

    I think a lot depends on the car.
    One person suggested setting the money aside what you would spend on an aftermarket warranty and draw on it for repairs.
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    • Technical Service Advisor

    charlson89

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    What kind of BMW do you have?
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    jmk909er

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    2015 435i
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    • Technical Service Advisor

    charlson89

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    The world of third party warranties can be problematic as some are a big rip off/ I call a scam. You need to make sure you read the contract well about what item they specifically cover. Just because you pay more for one does not mean it covers more. If you are handy most repairs can be done your self. Common issues with your vehicle are oil leaks from valve cover gasket, oil filter housing gasket, oil pan gasket. Transfer case can have internal failure. Keeping up on the maintenance does help keep repairs down.
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    gallabmw

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    AUL is a solid aftermarket warranty company. Kicked in when my Bimmer hit its 4 year warranty date. I still had low miles but the warranty paid for itself many times over with no deductible. Covered everything including suspension parts that needed replacing. My total warranty bills came up to over 13k. Extended AUL warranty only cost me $2600. 6 years 100k miles. As the salesman told me when I purchased my Bimmer! You never want to own a new one out of warranty.

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