BMW Extended Warranty?

I personally would never own a BMW without some kind of warranty.
I replaced the valve guides on my old school M-6 back when I putsed with cars more. Bad design. The dealer wanted more than the value of the car to do it.
Our 740iL would have financially crippled us when the Nicasil engine lining went out after warranty if not for a "secret warranty" by BMW covering this specific fault.

I was told by the owner of a high line BMW shop NEVER buy a newer 7 series without a warranty.

The idea of owning a modern computerised BMW without a warranty would cause me to stay up nights.

 

The problem is while true on older extended warranties, the latest extended warrenties will NOT cover all/some/few electical faults. I would check to see what is excluded. Off the top of my head, the NAV is no longer included IIRC.

 

short answer, YES. SInce you are the original owner you have the option of the factory wrty. I didnt since i was the 2nd owner of my m5. I paid $3100 for a aftermkt and have used approximately $8000 of it. It is true that many items are not covered including the Nav, but mine covered almost everything. i would do it again in a heartbeat. Bear in mind that theres a lot of margin built into the price do negoitate. Also try calling multiple dealers.

 

If you are speaking of factory extended programs you must be careful.

There are two.

There is an extended service contract (read Warranty). This covers just about the things the factory warranty covered except NAV and typically cd changers (you don't have either likely so no biggie). This product does NOT cover wear items... ALL SUSPENSION AND BRAKES. The only way these parts are covered is if there is a manufacturer defect. Meaning... the caliper is covered for failure.. but the boots/seals and pads are not covered. Basically anything that is "serviceable" is not covered.

Then there is an extended maintenance agreement. This will cover most wear and tear items and anytime the car tells you to bring it in for maintenance. Thats it. It covers pads, rotors, maybe shocks, oil changes, belts probably a water pump (this is a wear item).

If you want total protection you want both.

If you are scared of the BIG BIG BIG bills... go with the extended service contract (the first one... the one thats like a warranty). Then service your car at an independent or at the dealer.

hope I helped

 

With only the second, if for some reason your engine seizes, they will not fix it. Best to get both for least worries.

 

The guy that bought my 05 M3 bought the extended service warranty for the car. He paid ~$2100 for it. He then sold the car after driving it for ~4k miles. He traded it in on a VW Toureg TDI in Feb so he could have a 4x4.
If it were me i'd buy the service warranty and do the maintance myself or a trusted 3rd party mechanic.
Also if you buy it you and later decide to sell the car you can advertise it's covered to 100k so you can ask a higher price vs a nonwarranty car.

 

It can be... but it just depends on what you are looking for. If you are looking to pay up front for all of your future maintenance at a large discount do the 2nd one. if you are concerned with unforeseen REPAIR bills... such as a junk transmission, or A/C that just failed... then the 1st one is the one to go with. You are protecting yourself from more possible expense with the 1st one. However, nothing could go wrong with your car and you will have wasted your money. Option 2 is really just what I explained before, you are pre-paying for all of your future maintenance up front at a discount. Nothing wrong with that. Its a good deal if you are going to keep the car.

Its really just where your head is at.

Me Id go with option 1 if money was tight. If money was not a concern id do both because they are both good products.