Guide on how to choose a BMW Extended Warranty. FREE BMW WARRANTY QUOTES from Carchex
I have to admit: us, the bimmer owners are spoiled when it comes to the BMW factory warranty. The four years or 50,000 miles warranty, which includes the AMAZING BMW Maintenance Program and the Unlimited-Mileage Roadside Assistance, is one of the best factory warranty that you can have on your new vehicle.
Buying a new BMW and knowing that you will have peace of mind and zero maintenance costs for the next four years, is something that I always looked forward to.
But what if you are one of the people that like to own the car for more than the four years or 50,000 miles limit? What are your options when it comes to that? How do you plan ahead to overcome potential costs?
Well, allow me to share with you some things that I learned over the years. I’m sure there are many more tips and advice that one could receive, so here is where you, our readers, come in place to help us and all the BMW car owners.
- Plan ahead, be proactive. This is mostly a tip before your warranty expires. Do NOT wait until your warranty is close to its end date in order to bring your car in for a check-up. If you feel that the car is not running fine, you hear noises coming from the engine or the chassis, the interior has a defect or your car controls are malfunctioning, please take your car to your dealership for an inspection. By taking your car a few months before the warranty expiration, it will give you more time to bring it back to them in case the issue re-occurs. Stay on top of this game and you will save money in the long run!
- CPO your BMW. Let’s start with what CPO means, short for Certified Pre-Owned. To be eligible for enrollment in the Certified Pre-Owned Vehicle Program, a late-model vehicle must be in service for at least six months or have more than 6,000 miles but less than 60,000 miles on the odometer. They must pass an extensive examination – a thorough and rigorous inspection by BMW factory-trained technicians. They inspect the vehicle for safety, performance and wear. If something is not right, it is fixed. If it cannot be fixed, the car cannot become a Certified Pre-Owned BMW. Important:Although the Certified Pre-Owned BMW Limited Warranty is extremely comprehensive, it is not an extension of the original 4-year/50,000 mile New BMW Vehicle Limited Warranty.
- Buy Extended Warranty. Buying an extended warranty can be a long and frustrating process. Most of the BMW dealerships can sell both extended maintenance and an extended warranty, priced at around $1500-$1800 and respectively $2500-$3000. These prices are usually negotiable, so feel free to hassle with them. Another option will be to buy your extended warranty from a third-party company, but do your research before you buy and make sure they are rated by the BBB. Also, you should look for a warranty company that will give the BMW dealership their credit card over the phone, rather than you paying the bill first and chase them afterward. Here is a company that is recommended by us and the BMW community, which also offers FREE QUOTES: Carchex
- Take a chance. If you’re on those people that really take take care of their cars, drove them respectfully, changed the oil more often than the 15k miles standard BMW limit, etc..then you can take a chance and not spend any money on the extended warranty or CPO. But remember, the bimmers are one of the most expensive cars to maintain and repair and if you are end up at a point that a repair is needed, I advise you to look into an independent repair shop first and see if they can help you. Avoiding a BMW authorized dealership might save you lots of money.
I hope the above information will help you a little bit and I promise, we will be back with more detailed articles on BMW warranties and the process of choosing the right one. Also, click on the banner below for a FREE BMW Warranty Quote.
Now, please share with us some other tips or resources.