BMW extended warranty usually comes with a 3 year/50,000 miles of protection as soon as the 4-year/50,000-mile factory warranty expires. But should you buy a BMW extended warranty? And if the answer yes, which BMW Car Warranty to buy? There are so many BMW extended warranty plans to choose from, some of them different than the BMW Extended Warranty offered by the dealer.
In this article, we review some of the best extended warranty companies and we will go over over the coverage of BMW Extended Warranty plans. There are several factors to take into considerations, such as the BMW vehicle’s age and mileage, how long you plan on keeping your BMW, and, of course, cost. We worked with these companies to offer our BMWBLOG readers some discounts, as high as $300 OFF.
Naturally, you would ask how do you get the best price on a BMW Extended Warranty? Do I need to buy it upfront or can I purchase it later? Can I purchase from a third-party company? Can I cancel the plans after I purchased them?
In This Article:
- Tips on how to buy a BMW Extended Warranty
- Cost and pricing of BMW Extended Warranty
- Companies that offer BMW Extended Warranty
- Get A Quote Now for BMW Extended Warranty
- FAQ: BMW Extended Warranty
Deciding on whether to extend your BMW factory warranty depends on the coverage you need you want or need for your vehicle. Of course, the age and condition of your BMW will play an important role, but regardless, we put together some tips to guide you through the process.
We also included two companies that are operating in the space of car warranties.
How To Buy A BMW Extended Warranty
Here are some tips on how to buy your BMW Extended Warranty along with some companies that offer warranty plans:
Shop around the same way you would do with BMW dealerships and get multiple quotes until you find the price that makes sense to you. Also inquire in advanced about what’s covered in the extended warranty policy and what are the exclusions.
Some BMW extended warranty from third-parties are better than others, so make sure you find a respectable company that has been in business for quite some time.
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 and then getting reimbursed. Any good company will have a solid working relationship with a BMW dealer.
2. You don’t have to purchase an extended warranty when you are buying your new car.
In most cases, you can get a BMW extended warranty any time before the standard factory warranty runs out. For many customers, that’s plenty of time to do research and shop for the best price.
Clearly, waiting too long might be an issue and some companies might not be looking to offer an extended warranty. If they do offer the BMW Extended Warranty, then it can be more expensive when purchased after the original warranty expired.
Even if you’re buying the used car from the dealer, you can still call around to purchase the BMW Extended Warranty on the day you purchase the car.
3. Watch for warranty deductibles
So now you have a BMW Extended Warranty plan in mind. Everything looks great, but always read the fine print and look for things like deductibles. They can range from zero to a few hundred dollars per claims, so do the math and see which plan makes more sense for your situation.
4 . How Long Will My BMW Extended Warranty Last
Most of the companies can extend your warranty up to three years, for a total of seven years of coverage. You can choose between 75,000 miles or 100,000 miles. Of course, your mileage might vary, so it’s always best to get a quote with all the details.
Cost and pricing of BMW Extended Warranty
There is no exact formula when it comes to the price and cost of BMW extended warranty. The cost is based on a few factors, such as the BMW model you have and the terms and levels of coverage of the extended warranty. Of course, if you buy the BMW extended warranty from your local BMW dealership, then you might have some room for negotiations. The BMW extended warranty is an add-on plan, therefore, there are some margins baked in.
Our online research among BMW customers shows that the pricing for extended warranty can range from as low as $1,500 (1 year/25,000 miles Powertrain Plus plan) to over $6,500 for a more comprehensive 3-year Platinum BMW Extended Service Contract. Most plans also come with a deductible, so that’s something to keep in mind when picking your BMW warranty plan.
Our Recommended Providers For BMW Extended Warranty
Click here to get $200 off an Endurance warranty plan with coupon code: BMWBLOG200. You can also call them at (855)-426-0512 and mention the BMWBLOG200 code.
Known for their factory extended warranty, Endurance is highly ranked by Consumer Affairs, Consumer Advocates and Trust Pilot. They offer several BMW Extended Warranty plans and they are so confident that you’ll be satisfied with their coverage, so they offer a full refund for up to 30 days after your purchase.
A typical Endurance deductible is $100. The cost of an Endurance Warranty plan premium will vary based on mileage, year, make, model and the plan you end up choosing.
Endurance Warranty’s auto warranties are honored at more than 350,000 ASE-certified repair facilities across the country.
Recently, they have stepped up their offering and included with every contract is the Endurance Elite Membership with the following benefits:
- Personal Concierge – Endurance Personal Concierge is live, human help with everything from reservations, tickets, directions, to emergencies
- Key Fob Replacement – We’ll replace your lost or broken key fob.
- ID Theft Recovery – An entire suite of ID protection tools that can help restore, repair, and reimburse you for damage from identity thieves.
- Repair Finance – Up to $5000 in repair loans without an application, in easy payment installments.
- Endurance Protect App – Stay connected to our staff and your benefits with our easy-to-use app.
- Tire Repair/Replacement – Tire coverage that reimburses you up to 2 replaced or repaired tires per year.
- Roadside Assistance – 24/7 roadside help with anything you need to get moving again.
- Additional Discounts – $250 to spend with select partners, plus discounts at select merchants.
Get a free quote from Endurance today or call: 1-855-426-0512 and mention the BMWBLOG200 coupon
Click here to get $100 off a CARCHEX warranty plan with coupon code: BMW Blog. or call: 1-877-227-2439 and mention the BMW Blog coupon.
CARCHEX has different levels of coverage with a total of 18 contracts. It offers different policy plans, with the best plans providing coverage for most vehicles with less than 250,000 miles. CARCHEX uses an exclusionary contract – that is, one that covers everything except specifically excluded vehicle components and systems. So as always, make sure you find the right BMW Extended Warranty within their offerings and what might work best for your car.
Get a free quote from CARCHEX today or call: 1-877-227-2439 and mention the BMW Blog coupon
Disclaimer: This post contains affiliate links. If you use these links to buy something we may earn a commission. Thank you.”
FAQ: BMW Extended Warranty
BMW Extended Warranty – How much does it cost?
Most of the BMW Extended warranty costs between $3,000 and $4,000, but prices vary depending on coverage selected, the year of your BMW and its condition. Top tier Platinum Plans can cost more than $6,000.
Can you negotiate the price of BMW extended warranty?
There is no guarantee that the BMW dealerships will negotiate the price of extended warranty. But like most add-on items, there is room to negotiate. When it comes to third party BMW extended warranties, the advertised pricing is usually the best you can get. But you can always try to price match from one company to the next one.
Is BMW Extended Warranty Worth It?
If you want peace of mind for your old and used BMW, then getting a BMW extended warranty is worth it. Shop around for a third-party provider and negotiate a deal. Over time, the third-party BMW warranty might pay off for itself and it can also be an even better choice for covering BMW maintenance items.
Can you transfer your BMW warranty?
The BMW warranty for new and CPO vehicles is transferable. There may be a $200 transfer fee for Certified BMWs, though.
BMW’s extended warranty is also transferable, but there may be few limitations.
Can you extend your BMW CPO warranty?
Yes, you can extend your BMW CPO warranty, but those with new and used vehicles have more options.
Does BMW have a maintenance plan?
BMW offers maintenance plans to cover wear and tear items. There are two options based on whether your BMW is a 2017 or earlier model.
- 2017 and newer models are covered under BMW Ultimate Care, which lasts for three years or 36,000 miles, whichever comes first. This comes with new or leased BMWs.
- 2015 and 2016 BMW vehicles sold or leased by an authorized BMW center on or after July 1, 2014 are covered under the BMW Maintenance Program for four years or 50,000 miles, whichever comes first.
These BMW maintenance plans aren’t transferable.
What’s the length of BMW warranty?
The factory BMW warranty lasts four years/100,000 miles, whichever comes first. The longest you can be protected by BMW is seven years/100,000 miles from the in-service date. This would include the four-year limited warranty coverage plus three years of extended coverage.
Can you get a BMW extended warranty over 100,000 miles?
Yes, but not from the dealership. Many third-party providers offer extended coverage for BMWs with over 100,000 miles.
What’s the price of a BMW X5 Extended Warranty?
The price for extended BMW X5 warranty can cost anywhere from $1,500 to $6,500, depending on the warranty type and coverage. The local BMW dealership can give you an exact quote and you can use that to compare it with third-arty BMW extended warranty prices.