08-12-2019, 08:28 PM | #1 |
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Need some advice on extended warranty
So, it looks like I am about to buy a 2017 M4 competition with 28000km on it. The car has approximately 13 months of warranty left.
I inquired about extended warranty and was quoted $3900 for an additional 2 years or 1200000km. I have negotiated paying only 50% of the price at $1950. I don't plan on driving the car in the winter. Should I buy the extended warranty or not? Thanks
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08-13-2019, 12:57 PM | #5 |
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For the record, I am talking about BMW service inclusive warranty. And I negotiated the price for added warranty with the sales manager.
At this point I don't plan to mod it, but I will likely do so later. Thanks
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Sapphire Black M4 Competition Last edited by rezadue; 08-13-2019 at 01:03 PM.. |
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08-13-2019, 02:28 PM | #6 |
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I'm assuming he's working out something with the price of the car and the extended combined. If he's selling at 50% without a car purchase let him know lots of buyers will interested and he can become the top extended warranty sales guy!
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08-13-2019, 07:33 PM | #7 |
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I am actually buying an M4 from them. I asked them to throw in the warranty and they countered with 2 year warranty half price.
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08-13-2019, 09:06 PM | #8 |
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Have a read of what the extended warranty covers. I bought mine (cpo vehicle) and read the warranty paperwork when I got home...it basically covers the engine and tranny...everything else is pretty much excluded and the warranty is null and void if you ever race the thing (...it's an M car for Pete's sake!)
Both the engine and tranny seems very reliable in this generation of vehicle so I'm not sure it's worth much more than the deal you're getting. |
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08-16-2019, 08:56 PM | #10 | |
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Quote:
https://www.bmwtoronto.ca/service/bm...de-options.htm |
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08-18-2019, 06:28 PM | #11 |
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I was a Pre-Owned Sales Manager for a BMW store in the Toronto area for a bit... firstly, take the VIN and contact a BMW Service department to see if the vehicle has extended warranty already. If it does, you can just transfer it yourself or ask the dealer for a form to transfer the warranty from the previous owner to you. If the vehicle does not already have an extended warranty, make sure the warranty they are offering you is a CPO Warranty and not third party (First Canadian, etc.). With third-party warranties, service departments have a harder time claiming warranty work and you normally have to pay a deductible ($100-200/warranty claim). $1950 for a 6yr/120k is pretty good pricing though if it's CPO - there's not a ton of markup at that price.
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08-18-2019, 08:58 PM | #12 |
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What they are offering is the platinum coverage for the following price:
72 months / 100 000 km 1950$ 72 months / 120000 km : 2110$ The PDF scan refers to Vehicle Service Plan (VSC) |
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