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Originally Posted by jmweb
Maybe you could post some stuff...so everyone has it..
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OK. It was off-topic, since I can't provide pricing, but here it is:
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Originally Posted by bmwboy
Hi there JCL
I was told you would be the best man to answer my question. I wanted to know if there are any extended warranties available in Canada like us fidelis down in the states.
thanks for your help
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My original response:
I can only answer from my own experience.
I liked my X5, but when it got to 4 years of age I went to my dealer, and asked what my options were with respect to extended warranties. I had promised myself that due to the complexity of the vehicle (electronics, sensors, etc) I wouldn't own it past 4 years without an extended warranty. There was no BMW coverage, but my dealer offered me a private warranty that they sold. I decided I didn't want it, and sold the X5. Good news is I got to buy a new 535i.
Unless BMW has changed their policy in the past year, you only have aftermarket warranties available. Realize that they aren't really warranties (which are based on defects) but are instead insurance policies underwritten by insurance companies.
The standard rule is that the house always wins (just like Vegas, it is just playing the odds) so on average, you won't win, they will make a profit on the warranty. Many will chime in that they came out ahead, but for every one that does, there will be two that didn't make claims equal to the insurance premium. If a single repair is not something that you can pay out of your monthly cash flow (a transmission can be $5000 for example) then an extended warranty (aka insurance policy) is a good idea. In my case, I just didn't want the hassle, so I traded it.
Hope that helps. I would check with your dealer, including asking who underwrites their warranty, and then decide. Do some research on the policy, see if others are happy or not. Good luck