04-15-2021, 01:01 PM | #1 |
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BMW CPO Warranty Extension
My 2016 M235i's CPO warranty is expiring in June 2021 with roughly 28K miles on the odo. I am considering if I should extend my warranty or not. [Sorry if this has been hashed out, but havent found the answer to what the actual costs are]
BMW Seattle is quoting me $4500 (plus taxes) for BMW's own +2 year/unlimited miles CPO Warranty extension. But they are pushing their in-house, parent company, Lithia's warranty package. The numbers are like +4 years/60K miles for $4900 or +6 years/75K miles for $5600. I am planning to keep her for another 3-5 years and would like to know that I am covered through some sort of warranty coverage, but not sure if it is worth the upfront payment. Anyone run into any major issues for the 2014-2016 M235i? Something that would make this huge upfront cost worthwhile. Also, the Lithia one has a deductible of $250. Last edited by neeliche; 04-15-2021 at 01:09 PM.. |
04-15-2021, 01:05 PM | #2 |
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2014 M235i owned since new, I have 96k km now and have replaced an OFHG and coolant hose, roughly $1000 in repairs. If you have the ability to self insure, I think you'll be way further ahead than spending $5k for 2-4 years.
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04-15-2021, 01:13 PM | #3 |
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Wow thats steep, I was quoted for the BMW CPO warranty for 2 more years $3,100 and declined. Warranty companies make money, a lot, so mostly you are buying peace of mind. Doesnt mean the tranny doesnt drop and you benefit, but odds are with warranty folks.
I have 2016 235i with 32K miles. PM me and I'll give you dealership name/number, you could do online and save $$. Call around to dealers, all they need is your VIN, shop that price. Tell finance guy you are shopping for best price for CPO 2 year warranty. |
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04-17-2021, 06:34 AM | #4 |
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Just bought a 2018 CPO M240i and purchased a 4 year, 48,000 mile warranty post CPO warranty coverage. $5,200 through the BMW Dealer. My SA and Finance Manager shopped around with me to find it.
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04-17-2021, 08:44 AM | #5 |
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That is pretty pricey. I always look at it like you have to spend $4,500-$5,000 just to break even. I wouldn't. sweat it. These cars generally don't need much at your mileage. Even a couple of repairs for let's say $2,000, and you are still way ahead.
Warranty's are more more about peace of mind, and that only you can answer.
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04-17-2021, 10:13 AM | #6 |
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I can't imagine any way a 2er would incur $5000-6000 in warranty service over the next 3-5 years to justify an extended warranty.
The 2er and N55 are proven to be very reliable. Skip the extended warranty, it's a racket and a big money maker for dealerships. |
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04-18-2021, 01:43 PM | #7 |
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Waste of money.
Items most likely to fail in the next 2 to 5 years: - Valve cover gasket - Oil filter housing gasket - Expansion tank coolant hose - Belt tensioner and idler pulley - Valvetronic actuator assembly None of the above would amount to $4000+ and many can be done yourself. |
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04-18-2021, 02:51 PM | #8 |
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i would say just find a good honest bmw indy shop
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