Need help Shopping for Extended service plan E70

[regdfry]

I really enjoy the ride of my 2011 X5 35d. Decided to keep the vehicle at the end of the original warranty. In the end, after looking at many of these type "plans" just decided to go with the BMW extended gold warranty, good for 7 yrs and up to 100k miles. This cost more, but will keep me on the road til the end of the warranty period. No warranty company to negotiate or argue with. BMW will fix this vehicle if and when it "breaks". No problem, be happy!

[Quicksilver]

Originally Posted by ard

Reading the plans will not tell you how they will interpret the plans nor how they will respond.

ALL warranty companies are 'rated A+'...these ratings are pointless.

I have only occasionaly seen people buying these 'late' policies- most are buying route 66 type plans for the end of the 5/40. (ie the equivalent of your CPO 6/100) Few seem to buy longer term plans...generally with good reason:

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When you read these reports, understand that the list of covered parts is only a small part of the 'game'.... they can come up with many reasons WHY a failure of a covered part will not be covered.... this is the universal issue with these warranties sold for dirt cheap on 6+ year old cars.

1000%. This is the reason i never bought an extended warranty.

[ard]

Folks... many are mixing apples with warranties!

OP is looking for a plan for AFTER the CPO extended warranty.

Many are posting about an extended warranty for after the basic BMW plan. These posts are basically giving the advice to buy the same plan as he has with the CPO.

He wants something AFTER the CPO.

Advice to "go to any dealer" or "just buy the BMW plan" is silly, misguided and confusing.

The plans he is looking at- ultra long term (years and/or miles) look and feel just like the other 'real' extended warranties, but the field reports on these are poor. Do not give feedback on regular extended warratnies that the OP might confuse with the plan he is seeking.

IMO

[regdfry]

Let me add to the discussion.

Reasonable options:

Self insure - you are familiar with this route. Most likely costly over four additional years. Bear the costs as long as you desire.

Sell it. . .

That is a decision that will be easy for me to make after driving under warranty for seven years. Will be selling it. . .

My first response was just to indicate, yea its good to have this vehicle . . . under warranty.

[Joshdub]

How is selling it saving money? The difference in car payment will probably outweigh having to pay to perform work. Selling an old car for a new one in order to save money is a false economy.

[jfoj]

BMW Ultimate Protection Program - Extended Service Contracts

[regdfry]

Originally Posted by Joshdub

How is selling it saving money? The difference in car payment will probably outweigh having to pay to perform work. Selling an old car for a new one in order to save money is a false economy.

Easy answer. Selling the X5 can SAVE the OP the potential large costs of future unknown repairs. Some BMW repairs cost thousands of dollars, as WELL DOCUMENTED on this forum. Ownng and operating the X5 is a dice roll.

These are the choices we all face. In my experience owning cars has not been a money making prospect. YMMV

[Badasblkbmwx5]

I am glad I followed my instincts on the purchase of an extended service contract. I am now ahead of the game. My CPO has expired and my $2800 investment has paid itself off the 1st week of coverage and 48k more miles and 48k months.
Rear main seal leak $3000 and transmission cooler line leak TBA. Deductible 0.
Own a BMW, CPO expiring, and wanting to keep the vehicle, buy an extended contract. Period!