Almost every BMW comes from the factory with a limited 100,000-mile warranty. This primarily covers the powertrain (engine, transmission, etc.), but can also cover other miscellaneous repairs depending on the dealership.
After the factory powertrain warranty is out though, you will want to consider whether or not you want an extended warranty. Most secondhand sellers will invariably ask you whether or not you want to add a warranty to your purchase. To some, this is just seen as an extra cost. However, it can be a lifesaver in some situations.
If you are the second owner, there is often no way to tell how hard the previous owner pushed the car. The engine, water pump, fuel injectors, or transmission could be a lot closer to the end of their life than you think. Each of these repairs costs more than $1,000. It’s situations like these where an extended warranty can really come in handy.
Where To Get a BMW Extended Warranty
Many car sellers will provide extended warranty service for an additional cost. They often have a deal with a local insurance agency, and will get a small commission if you purchase through them. Often this is the most simple path to take as the car dealer can handle most of the paperwork.
However, if you’d rather get your own extended warranty, you have quite a few options. The most comprehensive is BMW’s own ‘Ultimate Protection Program’. And if you do some research, you may find some cheaper third-party insurance providers willing to provide an extended warranty.
Is a BMW Extended Warranty Worth It?
Whether or not a BMW extended warranty is worth it is completely up to you. Some individuals aren’t willing to pay the extra upfront cost. If you’re a skilled mechanic yourself or have a trusty mechanic who cuts you a deal, it might be worth skipping on the warranty.
However, if you don’t have considerable mechanical skills or the know-how to work on specific BMW models, then a BMW extended warranty can potentially pay for itself in the first year or two of ownership.
Benefits of an Extended Warranty
While some people spend thousands of dollars on the warranty and never get a chance to use it, others may experience an engine blowout (a $10,000 repair) and not have to pay a single dime for it. At the end of the day, not getting a BMW extended warranty is taking a gamble that your used car is as good as new.
Peace of Mind
There’s a lot to be said for having peace of mind when it comes to your automobile. If you are constantly worried about how you drive or how often you drive, constantly afraid of how much longer your car has before the next several-thousand-dollar repair comes up, then you won’t enjoy it. With an extended warranty, you can sit back, drive it like you stole it, and have peace of mind knowing that everything is covered.
Safeguard Against Unexpected Costs
Used cars can often have many unexpected costs. While many BMW engines can last upwards of 200,000 miles, the other small parts often do not. These small repairs are often overlooked by people who don’t have a lot of mechanical knowledge themselves, but can rack up some significant costs. Here are a few examples:
- Window Motors: often $200 each before labor costs
- Fuel Pump: Around $800
- Water Pump: Around $1,000
- Suspension Problems (CV Joints, Control Arms, etc.): $500 – $2,000
- Power Seat Repair: Around $300 per seat
One of the most important considerations is safety. If you are covered by a warranty, you are far more likely to get the small problems fixed. If you had to pay for them yourself, however, you will be far more likely to let them slip and avoid the costly repair charges.
If you are serious about your car, you should get an extended warranty. If you can’t afford an extended warranty, then you shouldn’t be purchasing a BMW in the first place. They are wonderful cars, but they often need constant attention and small repairs every year. Purchasing a BMW extended warranty will give you considerable peace of mind and allow you to upkeep your secondhand car the way that it deserves.