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Old 02-10-2015, 11:42 PM
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Non-BMW Extended Warranty

Has anyone had a positive experience with an extended warranty company not associated with BMW? I have 99,674 miles on my 2011 X5 35d and will be considering an extended warranty.
Thanks for any info!
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  #2  
Old 02-10-2015, 11:55 PM
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Is it currently under a warranty? If not, that takes many options right off the table.
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Old 02-11-2015, 12:47 AM
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An extended warranty on a 100k mile vehicle???

How can any company possibly write those policies, PAY CLAIMS, and stay in business?
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Old 02-11-2015, 12:58 AM
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With high premiums, high deductibles and lots of exclusions. I know there are a few companies that offer warranty extensions, but the vehicle has to be under an existing warranty before the new will takeover.
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Old 02-11-2015, 01:48 AM
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^ us poor folks in CA have the CA department of insurance that prevents us from "benefiting" from these plans.



I should start Ards House of Warranty- covers any mfg defect, but excludes any failures related to long term wear. Oh, and I get to be the sole arbiter of cause and coverage.
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Old 02-12-2015, 09:33 PM
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Here's one way to look at it: Assuming that a new car comes with at least a $1000 monthly payment and also assuming your car is paid off, every month that goes by without a repair of some sort, puts that money in your pocket. Now figure that the warranty you'd like to exist would have to cost, oh, I don't know, $4k or so, by not spending that money puts another $4k in your pocket. Set aside $6k a year ( $500 a month) to cover whatever may come up and barring a transmission or catastrophic engine issue, your money ahead.

Of course, there's always the possibility something major will occur. Let's face it, it's a gamble. Your choice is liquidate now and go get another one and my sense is that will cost more that the gamble.

If of course a newer model is desired, than all bets are off as we all know there is no real justification as it is after all a want as opposed to a need.
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