How much is the CPO extended warranty?
The cost of the extended warranty varies. Factors include the model, mileage, vehicle age, and chosen coverage duration. On average, expect to pay between $2,000 and $3,500 for an additional one or two years of unlimited mileage coverage. This pricing may be financed along with your CPO vehicle purchase. CPO warranties generally last for about 1 year or 12,000 miles, though this varies by the manufacturer. When purchasing an extended warranty, you’ll likely have multiple options. Manufacturer extended warranties tend to be more limited with only a few or maybe even a single option for coverage.Whether you purchased your vehicle new or certified pre-owned, you can add bmw extended warranty coverage and enjoy up to seven years or 100,000 miles of coverage in total!To help provide the ultimate long-term protection, BMW Ultimate Protection CPO Vehicle Service Contract goes beyond BMW’s enhanced CPO warranty by offering comprehensive protection against component failure for up to seven (7) years, and unlimited mileage.Can I negotiate the cost of a BMW extended warranty? The cost of an extended warranty can be negotiated simply because a BMW is a high-end car and can be expensive to maintain.You can buy an extended car warranty from your dealer or car manufacturer when you purchase a new car or any time before the car’s standard warranty expires.
Can I buy a BMW extended warranty later?
Can I buy a BMW Extended Warranty later? Yes. You can buy the BMW Ultimate Protection extended warranty at a later date. However, ensure your original factory warranty is still active when you get it. Extended Car Warranty Available on Selected BMW Vehicles All new BMW vehicles purchased prior to November 2022 came with a three-year factory warranty. BMW now has a 5-year manufacturer’s new-car warranty.Should I purchase an extended warranty when I buy the car or should I wait? You can purchase an extended warranty when you purchase your vehicle or at a later time. The major benefit of purchasing it when you buy the car is the ability to add the purchase price into your total amount financed.On average, however, extended BMW warranty coverage will cost you around $1,700 per year of extended powertrain coverage and around $7,000 for a 3-year Platinum Extended Service contract.Extended Maintenance Plans Choose between an additional one, two, three, or four years of coverage. Want unlimited oil changes? The BMW Ultimate Care Oil Services plan adds three years of oil change services to your luxury model’s maintenance plan.Extended warranty plans typically cover your vehicle anywhere from 2 to 7 years. If you expect to keep your car for several years, a longer plan may make sense for you. Even if you do sell your car before the warranty runs out, your extended protection plan may be transferable.
Should I purchase a BMW extended warranty?
If you plan to keep the car long term, you will likely save thousands of dollars with an extended warranty. The average cost to drive a BMW for one year is $1,000 – $1,700. That’s much more than most extended warranties will cost you, especially over a long period of time. Like most insurance policies, an extended warranty is something you pay for in the hope that you’ll never need to use it. For many owners, it’s worth paying the price for peace of mind; even if your car is built by a brand renowned for its reliability, there’s always a risk that something could go wrong.Negotiate the Price: Extended warranties are often negotiable, so don’t hesitate to ask your dealership if there’s room for a better deal. If you’ve received quotes from other dealerships, you can use those as leverage to negotiate a better price.Cons of an Extended Warranty Extended warranties require an upfront payment or are added to your financing, increasing your total cost. If you don’t end up using it, you may feel like you paid for something you didn’t need. Depending on the warranty plan, some repairs may not be included.An extended warranty typically costs an average of $600 to $2,000 per year, but that varies widely based on where you buy the warranty, the reliability of the vehicle the warranty covers, and other factors. The price of an extended warranty also is negotiable.
What is the warranty on a BMW CPO?
The BMW Certified Pre-Owned Limited Warranty provides coverage for one year. Detailed 360° vehicle inspections are completed and approved by BMW Trained Technicians. Vehicles are reconditioned with Genuine BMW Parts for the driving performance you expect. The typical auto warranty coverage is 3 years/36,000 miles. That means the warranty would cover needed repairs in the first three years you own your car or for the first 36,000 miles you drive it, whichever comes first. And for most of us, the mileage limit comes first.The BMW Certified Pre-Owned Protection Plan provides coverage for 1 year with unlimited miles from the expiration of the 4 year/50,000-mile (whichever comes first) BMW New Vehicle/SUV Limited Warranty. Additional plans are available to extend your vehicle’s coverage up to a total of 6 years with unlimited miles.Yes, Vehicle Service Contracts (VSC) offers extended coverage for all new, pre-owned, and BMW Certified vehicles. VSC expands the coverage of your vehicle for up to seven years, or 100,000 miles.The BMW Certified Pre-Owned Limited Warranty provides coverage for one year. Detailed 360° vehicle inspections are completed and approved by BMW Trained Technicians. Vehicles are reconditioned with Genuine BMW Parts for the driving performance you expect.VSC expands the coverage of your vehicle for up to seven years, or 100,000 miles. All repairs are completed with 100% Original BMW parts at an authorized repair facility. Drivers can select between two coverage levels: Platinum and Powertrain.
Is it worth paying for an extended warranty?
Like most insurance policies, an extended warranty is something you pay for in the hope that you’ll never need to use it. For many owners, it’s worth paying the price for peace of mind; even if your car is built by a brand renowned for its reliability, there’s always a risk that something could go wrong. The type of car you own plays a significant role in determining whether an extended warranty is worth it. If you own a more expensive or less reliable vehicle, the risk of failure and potential repair costs may be higher. In this case, an extended warranty can provide added financial protection and peace of mind.Extended warranties for cars over 100,000 miles cost $136 per month or $1,398 per year of coverage on average.Both new and used vehicles can be covered by extended warranties, also called vehicle service contracts. When you buy one for a new car, it takes effect the moment the factory warranty runs its course. You can also purchase an extended warranty well after your car’s warranty expires or when you buy a used car.As a former dealership service advisor, independent shop manager, and marine/auto repair shop owner it’s even more necessary to have an extended warranty on a vehicle AFTER it reaches 100,000 miles than before. After 100,000 miles parts are closer to the end of their service life.
How much does it cost to extend my BMW warranty?
The average AA Extended Warranty price quoted for a BMW-Used Vehicle in 2021 was £524*. The lowest price quoted was £276*. Every BMW Certified vehicle is backed by our BMW Certified Pre-Owned Limited Warranty. This provides coverage for one year with unlimited miles, after the expiration of the 4 year/50,000-mile BMW New Vehicle/SAV Limited Warranty. Please see the Exclusionary Warranty for more information on what isn’t covered.New BMW vehicles launch 5 year, unlimited kilometre factory warranty. The new warranty replaces the three-year unlimited kilometre offering and takes effect from November 1, 2022.Every BMW Certified vehicle is backed by our BMW Certified Pre-Owned Limited Warranty. This provides coverage for one year with unlimited miles, after the expiration of the 4 year/50,000-mile BMW New Vehicle/SAV Limited Warranty. Please see the Exclusionary Warranty for more information on what isn’t covered.Based on our research, a BMW extended warranty costs between $1,920 and $4,560 depending on the specific model, its age and mileage, your preferred coverage level and the coverage term. The table below includes some sample quotes we received from dealers for a variety of BMW vehicle types purchasing a Platinum plan.Choosing the BMW Certified Pre-Owned plan covers you for up to 2 years/50,000 miles after the expiration of the 2-year/50,000-mile New Vehicle/SAV Limited Warranty for a total of 6 years/100,000. You’ll also enjoy roadside assistance, automatic collision notification, and more!
What is the longest BMW extended warranty?
BMW Ultimate Protection extends your warranty coverage to up to 7 years/100,000 miles. On average, BMW models require more frequent repairs than most other brands, according to RepairPal. Regular Maintenance and Wear-and-Tear Items These consist of things like tires, wiper blades, brake pads, and light bulbs. Regretfully, your BMW’s warranty does not cover regular maintenance or the replacement of these worn-out parts.Like brake discs, brake pads may be covered under a short, part-specific warranty or maintenance plan, but factory and extended warranties usually don’t cover them because they’re considered wear-and-tear components.