BMW Extended Warranty and Maintenance - Good deal?

[bobbyp]

Newbie, here. Just bought '03 X5 3.0 with 30K miles. 4yr/50K mile warranty up in October of this year. Got a quote on extended warranty (not service contract) 5 yr/100K for $3,000 from BMW dealer finance manager. I think it's a fair deal but am I wasting months by purchasing now and not nearer the actual end of original date (October)? Do these extended warranties kick in at contract date?

Thanks. And, great site for information!

[motordavid]

Bobby, from your description it sounds like the official BMW "2OP" deal...
price is "good" but remember you will be getting a 2 year CPO-like
warranty.

If it's some aftermkt deal, do some homework.

If it's the official BMW deal, read the deal again: it is not
"5 years/100K miles". It is 2 years from end of orig oem
warranty or 100K miles total odo, whichever comes up first.

This question comes around on the jukebox weekly: either
the potential buyers are not paying attention to the specifics
or, your basic BMW stlr is lying or misleading the details.

Is it a good deal? Your call...I would not own one of these
beasts w/out some kind of warr. coverage. Is it worth $1500
per year for that two year coverage? Dunno...your pick.
GL,mD

From the Front Page of X5World site,
General Info Section, #13...
note MSRP was 3300. Some dlrs try to get
more, yours is making you think you are
getting a "deal."

Consumer Benefits:

Customer benefits of the Original Owner Protection Program (2OP) include:

l

Program backing by BMW of North America

l

2 year/50,000-mile peace of mind protection (takes affect at expiration of BMW New Vehicle Limited
Warranty)

l

Scope of coverage like the Certified Pre-Owned BMW Vehicle Program

l

Includes BMW Roadside Assistance

l

Use of original BMW new or authorized remanufactured parts

[bobbyp]

This warranty is through Zurich "CompleteCare" and is quoted as 5 year term, 100K miles whichever comes first comprehensive plan.

Ah...I just read the contract a little more closely. The "New Vehicle Plan" is checked off on the contract (vs. Used Vehicle Plan) and the description for "new vehicle plan" says "The time and mileage limits of the TERM selected (5yr, 100K) start on the contract date of sale and at 0 miles. The coverage expires when the length of time or accumulated mileage of the TERM is reached, whichever occurs first".

MotorDavid, you just saved me a ton of $$. Thank you! I'm going to go back to Warranty Direct who quoted me 4 years, 100K for $2600 - from current odometer reading.

Bobbyp

[motordavid]

Bobbyp,
Glad to help...either way, it sounded much to good to be true.

BMW's plan is often pitched in a misleading fashion, as is
many of the 3rd party deals.

Post oem/orig warranties are worthwhile imo, (BMW or 3rd party),
but one has to read the fine print and also avoid the "time & mileage"
baiting that is often used.

Glad to help.
GL,mD