Aftermarket Warranty Pricing Thread

[GOLFFRR]

Originally Posted by IK6SPEED

The most telling part of this post (to me) is it sets the record straight on Extended Warranties.

1) It comes from a BMW Dealer disproving the many posts on Bimmerpost and other places that EW cannot discounted.

yes they can, we discount them heavily for forum members only

2) It proves that a car does not need to be at a BMW Dealer’s location for an EW to be written that is mistakenly posted by many on Bimmerpost and the Internet.
no, there are only a few documents you have to send over that prove ownership

3) It proves from a California BMW Dealer that an EW can legally be purchased out of State, another common mistaken concept that many threads on Bimmerpost and the Internet maintain.

we sell them to out of area forum member every week as long as its US resident. just call Checa 805-482-8878 m-f

Bottom line, if you will not believe it from a BMW Dealer, than there is no hope for you. Just stop reposting that incorrect info for others.

[Champagnekashi]

Originally Posted by kss

I think everything you are saying is correct, however in Calgary, if you don’t even purchase the car from the local dealership (there are two, but owned by the same person), your car will either not get serviced, or will not get serviced in a timely manner.

I’ve had friends who purchased new bmw’s from either out of province or lease returns from the USA that were still under warranty (complete NA warranty), and they were told that for something as simple as the regularly scheduled oil change that the service department was booked for the next 6 months. One of my friends who purchased his BMW in Vancouver, drove 3 hrs to Edmonton (same province and got the oil change service done there), and they got him in within a week. He did that twice and than sold the car. The other friend who bought a lease repossessed M4 from California with only 6K miles ended up selling the car after a year after having to drive to Edmonton. Not sure if you have dealers like that in the USA, but in Calgary, if you don’t buy from the local dealer, you’re pretty much screwed. They didn’t say they wouldn’t service the vehicle, they just said they were booked solid for 6 months.

That's insane. Who ever owns those dealerships might think he's the Pablo Escobar of the bmw dealership world but in reality he's just a scumbag. Trying to monopolize the bmw market in his area. Loser

[mjposner]

"I think everything you are saying is correct, however in Calgary, if you don’t even purchase the car from the local dealership (there are two, but owned by the same person), your car will either not get serviced, or will not get serviced in a timely manner."

This makes no sense. The dealer gets paid $$US or $$$$$$$$$CAD from BMW NA to fix the car why would they throw away money to spite you for buying warranty elsewhere. I never had any issue buying warranty from other dealer (I even told my dealer about other dealer discount and they declined to match).

[sakiv]

Originally Posted by GOLFFRR

This is perfect....I'm in the process of buying a 2015 from a local BMW dealership with 37k miles that has one year left on the CPO. They were quoting me an absurd amount (almost $6,000) for additional coverage.

I'll call Checa to get details. Thanks!

[IK6SPEED]

Originally Posted by GOLFFRR

Just out of curiosity and instead of assuming, can USA Dealers sell BMW EW for Canadian Cars?

[GOLFFRR]

Originally Posted by IK6SPEED

Just out of curiosity and instead of assuming, can USA Dealers sell BMW EW for Canadian Cars?

unfortunately US dealers can only sell to US residence. that goes for all products and services, cars, parts, etc..

[GOLFFRR]

Originally Posted by sakiv

This is perfect....I'm in the process of buying a 2015 from a local BMW dealership with 37k miles that has one year left on the CPO. They were quoting me an absurd amount (almost $6,000) for additional coverage.

I'll call Checa to get details. Thanks!

make sure you list the vin, current miles, not sure how the CPO status works with extended warranties, Checa will know for sure. any issues getting a hold of her just shoot me a buzz. Im on here every day till 545pmish

[HPizKING]

Appreciate all the forum input and advice from all on warranties. Bought my wife a CPO'd '16 M4 vert for Christmas (she doesn't know yet) and looking forward to adding a little more coverage for her.

[who8myrice]

Ok, stupid question since I can't find a relevant answer on the forums, and definitely not on google.

But can another BMW warranty be purchased after the extended warranty itself expires, or is about to? Or after the EW, you're completely on your own?

[IK6SPEED]

Originally Posted by who8myrice

Ok, stupid question since I can't find a relevant answer on the forums, and definitely not on google.

But can another BMW warranty be purchased after the extended warranty itself expires, or is about to? Or after the EW, you're completely on your own?

Max BMW will cover is 6 Years (4 Year New and max 2 year Extended Warranty).

EDIT: This was true at the end of 2016, but it appears that BMW has since returned to offering 3 year Extended Warranties

After EW, you are on your own.

That’s why others look at EWs other than BMW after original New Car Warranty. Those can run up to 7 years instead of the 2 years BMW offers.

Obviously, all EW terms and conditions of coverage are different depending on program, level and Underwriter.

[Relak]

Originally Posted by IK6SPEED

Max BMW will cover is 6 Years (4 Year New and max 2 year Extended Warranty).

After EW, you are on your own.

That’s why others look at EWs other than BMW after original New Car Warranty. Those can run up to 7 years instead of the 2 years BMW offers.

Obviously, all EW terms and conditions of coverage are different depending on program, level and Underwriter.

Do you have an recommendations on specific companies based on reputation and credibility? It's difficult researching this type of stuff on the internet because the people who post reviews are generally those with poor experiences, but that doesn't necessarily paint a complete picture of a company. And on the flip side, its easy for companies to post positive reviews about their own products and/or pay third-party reviewers for positive reviews.

[SD ///M4]

Originally Posted by IK6SPEED

Max BMW will cover is 6 Years (4 Year New and max 2 year Extended Warranty).

After EW, you are on your own.

That’s why others look at EWs other than BMW after original New Car Warranty. Those can run up to 7 years instead of the 2 years BMW offers.

Obviously, all EW terms and conditions of coverage are different depending on program, level and Underwriter.

The coverage period may have changed, but in January 2015, we bought a BMW extended warranty on my wife's 2011 335is Coupe with an in-service date of May 2011. The warranty we bought extended the warranty to 7 years/100,000 miles, an additional 3 years. The extended warranty paid for a new water pump, a new engine (short block), new injectors, spark plugs and 3 coil packs, and a leaking rear main seal, all of which failed between August last year and March this year. The car went out of warranty in May of this year. Unfortunately, another turbo failed a month later. The charge pipe also failed (again) out of warranty, but there was an extended warranty for this part effective last year, extending the warranty to 8 years/100,000 miles, so it was replaced at no cost.

[MaX PL]

I just had both Endurance and Easycare say they will not cover my 2015 M3.

I've put in requests to AAA and the dealer who sold me my car but have not heard back.
Carchex quoted $5850 for an additional 5 years/50k miles - Gold Plan.

Anyone know if anyone offers a 2 year warranty like BMW?

[IK6SPEED]

Originally Posted by SD ///M4

The coverage period may have changed, but in January 2015, we bought a BMW extended warranty on my wife's 2011 335is Coupe with an in-service date of May 2011. The warranty we bought extended the warranty to 7 years/100,000 miles, an additional 3 years. The extended warranty paid for a new water pump, a new engine (short block), new injectors, spark plugs and 3 coil packs, and a leaking rear main seal, all of which failed between August last year and March this year. The car went out of warranty in May of this year. Unfortunately, another turbo failed a month later. The charge pipe also failed (again) out of warranty, but there was an extended warranty for this part effective last year, extending the warranty to 8 years/100,000 miles, so it was replaced at no cost.

It appears that BMW has played around with offerings over the past 3 years just as they have played around with the CPO length and coverage.

Max length in 2016 was 2 years and CPO covered basically nothing,lol. Later CPO terms were changed in terms of miles and bumped up to Platinum Coverage. Currently BMW is back up to offering 3 years of additional EW Mileage from the 2016 offering.

I have now noted that in my OP.

[SD ///M4]

Originally Posted by IK6SPEED

It appears that BMW has played around with offerings over the past 3 years just as they have played around with the CPO length and coverage.

Max length in 2016 was 2 years and CPO covered basically nothing,lol. Later CPO terms were changed in terms of miles and bumped up to Platinum Coverage. Currently BMW is back up to offering 3 years of additional EW Mileage from the 2016 offering.

I have now noted that in my OP.

I didn't realize that BMW changed the length of the coverage back and forth. Like with our 335is, my plan was always to get an 7 year/100,000 mile EW for the M4, probably in January of 2020, keeping it for a total of 7 years. Based on my experience, I don't ever want to own a BMW out or warranty, except for my 2006 Z4 M Roadster, which is long out of warranty.

[kevin85]

Just got Fidelity Platinum extended warranty for my 2016 M3 with 23k miles. $4900 for additional 6 years and 85k miles from today, so coverage up to 2024 or 108k miles. $250 deductible. If you want to get Fidelity extended warranty contact Troy Dietrich (tdietrich@fd-warranty.com 413-772-0989). I called up pretty much all extended warranty companies for quotes, including local credit unions, he got the best price, because he is selling in volume.

[MaX PL]

Ok just had a very good deal quoted.

Thru the dealer, $4200 for 4 more years/up to 85,000 miles. Its factory coverage on the whole car thru Continental who is apparently the underwriter for BMW and a bunch of other auto companies. They will also cover issues with modded parts, but replace them with OEM parts.

Mileage needs to be below 25k and you need to purchase the warranty 2 months prior to warranty expiration.

PM me if you want the business managers name.

[IK6SPEED]

Originally Posted by kevin85

Just got Fidelity Platinum extended warranty for my 2016 M3 with 23k miles. $4900 for additional 6 years and 85k miles from today, so coverage up to 2024 or 108k miles. $250 deductible. If you want to get Fidelity extended warranty contact Troy Dietrich (tdietrich@fd-warranty.com 413-772-0989). I called up pretty much all extended warranty companies for quotes, including local credit unions, he got the best price, because he is selling in volume.

Not saying that this is a good or bad EW, but you cannot compare the EW by price as the actual terms on the contracts are all different. Some very different. You chose on one metric, price.

Originally Posted by MaX PL

Ok just had a very good deal quoted.

Thru the dealer, $4200 for 4 more years/up to 85,000 miles. Its factory coverage on the whole car thru Continental who is apparently the underwriter for BMW and a bunch of other auto companies. They will also cover issues with modded parts, but replace them with OEM parts.

Mileage needs to be below 25k and you need to purchase the warranty 2 months prior to warranty expiration.

PM me if you want the business managers name.

Suggest you do more research as some of your claims are incorrect. And read the actual contract multiple times for the exact coverage and terms.

Furthermore, Continental IS NOT the underwriter for BMW’s EW Programs either. You would know it’s Safe-Guard if you read the details of the Warranty.

https://www.bmw-protection.com/default/form/list

[MaX PL]

They're not my claims but what the business manager at the dealer told me.

Which claims are incorrect and why?

Why would he be wrong about the underwriter yet you're not?

Maybe there is a difference between the new car warranty and the extended in how BMW handles it.

[IK6SPEED]

Originally Posted by MaX PL

They're not my claims but what the business manager at the dealer told me.

Which claims are incorrect and why?

Why would he be wrong about the underwriter yet you're not?

Because they are a Dealership who tried to sell you a warranty with low miles that an old lady only drove to church on Sunday.

You will also note the link on the BMW Financial Services page has an email link to sgintl.com....or SafeGuard International.

[MaX PL]

I'm going to another dealer in a bit and will see what they offer. Will ask about underwriter.

[IK6SPEED]

Originally Posted by MaX PL

I'm going to another dealer in a bit and will see what they offer. Will ask about underwriter.

I am not saying that Continental or Fidelity is bad (or good).

But neither are not FACTORY warranties as you posted. In fact, even the BMW Branded EW is not a Factory Warranty.

And Continental is certainly not the Underwriter for the BMW Branded EW.

Even though the Underwriter is important (to make sure they are still in business and have the financial backing to cover issues), once you are past that, it’s very low consideration (as most have financial backing).

The most important are the terms of the EW which you do not usually see online as it’s the fine print on the back of the forms you are signing.

And they are all different. Unfortunately you have to use a lot of common sense and read between the lines to figure out what’s missing and where the gotchas are. NONE of them make it easy.

Rule of thumb...look for exclusionary policies (what is excluded) instead of what is included. The “Gold” and the “Platinum” policies between Companies never cover the exact same things.

Nothing the Saleperson tells you is binding. The Contract terms are binding and rule.

Labor Rates, Diagnostic fees, OEM v After Market Parts, New v Used Parts, Rental Car Coverage, Shop fees, taxes, Deductibles PER EVENT (Not Per Service) and countless other things need to go into your understanding and calculation of which EW to purchase.

One can get a cheap EW with a high deductible, uses used or aftermarket parts, only pays the average shop labor rate for your area (or their shops), no rental car coverage, no diagnostic time, no shop fees, no taxes etc.

That might be ok for some. Not for others.

But that’s why you need to understand everything.