Need help Shopping for Extended service plan E70

[Badasblkbmwx5]

I'm towards the end of my CPO warranty and I'm shopping for a Service Plan. I can't see owning a BMW without a warranty. I'm looking for any suggestions.

Here's what I found;

BMW CPO wrap is 12 months unlimited miles is $2450.00 $50 deduct
Interstate Assure Guard 48 month 48k miles $2800. 0 dedect
Endurance Service plan 48 month 48k miles $3800. $100 deduct

Looking for any feedback or any other companies you have used and have had great success with.

[Quicksilver]

How about setting up a savings account and put away some cash
every month in anticipation of the coming need. Start with the
$2450.00 and keep adding $100.00 a month. That's what we do
and it works great.

Extended warranties are never completely clear about what they
cover and in the end never seem to cover what problems come up.
There's always the "loophole" Oh that's not in the contract.

http://www.xoutpost.com/bmw-sav-foru...take-look.html

[jfoj]

Extended Warranties are a profit center for dealers or the Warranty company. Everything is a fight and there are always delays getting repairs or reimbursements. Perform PM and plan for your expenses, you will be happier and better off at the end of the day. Learn to DIY what you can, buy tools you need.

I NEVER get any kind of Extended Warranty for cars, electronics or appliances.. It is all a gamble, life is a gamble.

Maintain your vehicle and it should be good to you.

If you get anything, get the BMW coverage, too many of the fly by night companies go out of business.

My CPO E46 even had the extended Maintenace because the original lease holder paid for it, not sure why??? Brakes under BMW Extended Maintenace did not include rotors!!! Funny how ALL Warranty or customer pay brakes include rotors!!

[ard]

Originally Posted by Badasblkbmwx5

I'm towards the end of my CPO warranty and I'm shopping for a Service Plan. I can't see owning a BMW without a warranty. I'm looking for any suggestions.
.

So you are getting to 6 years/100k?

Was not aware of any solid plans at that point...most decent warranties start at 4/50. The latter ones seem to have more exclusions or be limited, and/or be written by fly-by-night 'companies'.

[Badasblkbmwx5]

Quicksilver I appreciate your comment, unfortunately I am a seasoned BMW owner, owning many in the past 30 years. They are not as reliable as they once were. I made it a point to purchase a CPO vehicle and thankfully I did. Just last year alone, I was in a rental car over 30 days. (several different issues) and more than $10k worth of warranty work was performed. This year I have made a trip every other month to the dealership and because of this, I won't own a BMW without a warranty. They break down and they are expensive to fix.

[Badasblkbmwx5]

Yes I am getting close to my 6 yr point. I had my INDY look over the Interstate Assure Guard plan. It covers what he feels is most important, gaskets and seals.
No deductible and there is no waiting period.
I was hoping for some folks that have purchased a plan to respond. I have looked up Interstate company. It is A+ rated. BMW CPO wrap is too short only 12 months. I want to keep this vehicle 4 more years.

[ard]

Originally Posted by Badasblkbmwx5

Yes I am getting close to my 6 yr point. I had my INDY look over the Interstate Assure Guard plan. It covers what he feels is most important, gaskets and seals.
No deductible and there is no waiting period.
I was hoping for some folks that have purchased a plan to respond. I have looked up Interstate company. It is A+ rated. BMW CPO wrap is too short only 12 months. I want to keep this vehicle 4 more years.

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:

Interstate National Dealer Services - Car Dealers - Atlanta, GA - Reviews - Photos - Yelp

Ripoff Report | Interstate National Dealer Services, Inc. Complaint Review Uniondale, New York: 915360

https://www.glassdoor.com/Reviews/In...iews-E6189.htm

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.

[cdlaine]

"How about setting up a savings account and put away some cash
every month in anticipation of the coming need. Start with the
$2450.00 and keep adding $100.00 a month. That's what we do
and it works great.".....

Quicksilver .... excellent advice.

I would also add.... as the vehicle gets closer to the end of the CPO
warranty period you could take the vehicle to your Indy ...pay them the
money to go over the vehicle with a fine toothed comb, identify the issues,
then take that list to your service manager. If they balk , maybe it is time
to trade in for another CPO ? or move on. If really worried , but want to
keep the ride... use Quiksilver's idea but bump up the initial buy in.

Good luck. I personally think those extended warranties / service contracts
are loss leaders for the consumer. Especially if you are a low/moderate mileage user.

[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:

Interstate National Dealer Services - Car Dealers - Atlanta, GA - Reviews - Photos - Yelp

Ripoff Report | Interstate National Dealer Services, Inc. Complaint Review Uniondale, New York: 915360

https://www.glassdoor.com/Reviews/In...iews-E6189.htm

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.

[Jyohay]

Call another dealer and see if they will beat the price you were given on the extended warranty.
There is no set price.
You can negotiate and shop around.
You can buy the warranty from any dealer.