Extended Protection Plan or save my cash?

[fisherman]

I just spoke to John Andrews at Shaefer BMW, and he gave me the following rates for the 7/70 extended warranty on my 30 I . This is the rate for having under 10K mileage at time of contract purchase.

Gold- list 2860, sell 2160
Platinum- list 3140, sell 2440

The nav system is not covered under the gold plan . He indicated the platinum plan is what most people purchase.
7/70 is based on original in service date of new car, so it basicly covers 3 more years after the 4 year factory warranty.

Note- most folks here seem to have the 35i or 35is, which is a different pricing category than the 30i, so the listed rates would be different for these models.

Steve

[jparnes1]

Originally Posted by davelrodriguez

All n54 got extended warranty on 07/25/2012 for a 8 years or 82,000 miles. Because of the wastegate issues.

This is from the dealer.

I found a service bulletin (SI B11 07 11) 11/2011,
Turbocharger failure: oil supply line blockage
all models
turbo oil supply can be restricted, causing turbos to seize up

FWIW

[HABANEROTE]

Good to know

[Kavin]

Can you get an extended warranty AFTER the original has expired? I am looking to get an 09 35i in the next few months but there will likely be no warranty on it. Can I get the 7/70k and extend by three years even if the original is expired?

[BMWZ4RIDER]

Yes you can get the BMW extended Vehicle protection plan on a Z with under 50K that is out of OEM warranty. However you will pay a higher premium vs a car still under OEM warranty.
1. Compare the cost of a good Z in OEM warranty.
2. Compare the cost of a car out of OEM warranty-should be a better price.
3. Compare the cost of a CPO car.
4. Compare the cost of a Z under OEM and the cost of the BMW Extended warranty with under 50K.
5. 4. Compare the cost of a Z out of OEM warranty and then the cost of the BMW Extended warranty with under 50K.
This will put you where you stand on the total cost. Car plus warranty. Again do to pay full price for the BMW dealer plan. These are negotiable. I saved $700 direct form the dealer and purchased it at the end of the month when the sales guy needed to meet quota.

[airmarc]

Originally Posted by BMWZ4RIDER

Yes you can get the BMW extended Vehicle protection plan on a Z with under 50K that is out of OEM warranty. However you will pay a higher premium vs a car still under OEM warranty.
1. Compare the cost of a good Z in OEM warranty.
2. Compare the cost of a car out of OEM warranty-should be a better price.
3. Compare the cost of a CPO car.
4. Compare the cost of a Z under OEM and the cost of the BMW Extended warranty with under 50K.
5. 4. Compare the cost of a Z out of OEM warranty and then the cost of the BMW Extended warranty with under 50K.
This will put you where you stand on the total cost. Car plus warranty. Again do to pay full price for the BMW dealer plan. These are negotiable. I saved $700 direct form the dealer and purchased it at the end of the month when the sales guy needed to meet quota.

Acccording to 3 dealers in FL (I checked) , this is not correct. Once it is out of OEM warranty, The BMW extended Protection plan is not available, period.

[Kavin]

Originally Posted by airmarc

Acccording to 3 dealers in FL (I checked) , this is not correct. Once it is out of OEM warranty, The BMW extended Protection plan is not available, period.

O.O That would blow! Can anyone else chime in on this? Up until now I had assumed it was like a "Best Buy Geek Squad" kinda thing where they give your car an inspection to make sure its all good before offering you the additional warranty (at a premium).

[nicknaz]

You can get mechanical breakdown insurance but it will be third party not through the manufacturer.

Definitely read the contract careful and check the financial statements if its a small insurance co.

[jparnes1]

Originally Posted by nicknaz

You can get mechanical breakdown insurance but it will be third party not through the manufacturer.

Definitely read the contract careful and check the financial statements if its a small insurance co.

+1. I've heard about the companies going out of business and there goes your warranty.

[BMWZ4RIDER]

Originally Posted by airmarc

Acccording to 3 dealers in FL (I checked) , this is not correct. Once it is out of OEM warranty, The BMW extended Protection plan is not available, period.

You are correct. My Mistake.

Attached is the new Extended Vehicle Protection Plan effective April 2013. This program is for "In Warranty" from original date of purchase vehicles ONLY.

[haspi]

Hi All -

I'm in the same boat as some of you: days before the warranty expires. Here is some research I have done so far and quotes for my 09 35i (16K miles):

FIDELITY WARRANTY SERVICES ($100 deductible):
Platinum - 3yrs/36Kmiles - $1962
Platinum - 4yrs/48Kmiles - $2404
Gold Plus (same as BMW gold) - 3yrs/36Kmiles - $1690
Gold Plus (same as BMW gold) - 4yrs/48Kmiles - $2002

BMW EXTENDED WARRANTY ($50 deductible) :
Platinum - 2yrs (72Mtotal)/70K miles - $3318
Platinum - 3yrs (84Mtotal)/70K miles - $3730
Gold - 2yrs (72Mtotal)/70K miles - $3012
Gold - 3yrs (84Mtotal)/70K miles - $3370

[haspi]

Is there anyone with experience using Fidelity ? There is a huge price difference between BMW and Fidelity. I talked to my service adviser and she mentioned they are pretty good.

[haspi]

Some reviews on Fidelity here. Maybe too good to be true!

http://www.consumeraffairs.com/auto_.../fidelity.html

[BMWZ4RIDER]

Originally Posted by haspi

Hi All -

I'm in the same boat as some of you: days before the warranty expires. Here is some research I have done so far and quotes for my 09 35i (16K miles):

FIDELITY WARRANTY SERVICES ($100 deductible):
Platinum - 3yrs/36Kmiles - $1962
Platinum - 4yrs/48Kmiles - $2404
Gold Plus (same as BMW gold) - 3yrs/36Kmiles - $1690
Gold Plus (same as BMW gold) - 4yrs/48Kmiles - $2002

BMW EXTENDED WARRANTY ($50 deductible) :
Platinum - 2yrs (72Mtotal)/70K miles - $3318
Platinum - 3yrs (84Mtotal)/70K miles - $3730
Gold - 2yrs (72Mtotal)/70K miles - $3012
Gold - 3yrs (84Mtotal)/70K miles - $3370

I got the Gold 3 years/70k BMW Extended warranty 3 days before my OEM warranty expired for $2670 in June. My local dealer met the competitive price offer by Schaffer BMW, saving $700. The dealer told me this was $50 over cost and it was at the end of the month for quota. I can post a copy of the contract . Most dealers have the capability to negotiate on these warranties per the BMW GM.

[fisherman]

Originally Posted by haspi

Some reviews on Fidelity here. Maybe too good to be true!

http://www.consumeraffairs.com/auto_.../fidelity.html

Too good to be true ? Almost every review is terrible ! ??????????????

[BMWZ4RIDER]

Originally Posted by fisherman

Too good to be true ? Almost every review is terrible ! ??????????????

EXACTLY
This was why my only choice was a BMW ONLY plan or none at all. The $700 I saved made the BMW plan easier to accept and getting all BMW ONLY service was the deal maker, ( for me)

[haspi]

Originally Posted by BMWZ4RIDER

EXACTLY
This was why my only choice was a BMW ONLY plan or none at all. The $700 I saved made the BMW plan easier to accept and getting all BMW ONLY service was the deal maker, ( for me)

How did you save $700? Doesn't the BMW plan cost same in all dealers?

[haspi]

Originally Posted by fisherman

Too good to be true ? Almost every review is terrible ! ??????????????

I meant good in terms of pricing but you're right reviews are awful...

[BMWZ4RIDER]

Originally Posted by haspi

How did you save $700? Doesn't the BMW plan cost same in all dealers?

I got the Gold 3 years/70k BMW Extended warranty 3 days before my OEM warranty expired for $2670 in June. My local dealer met the competitive price offer by Schaffer BMW, saving $700. The dealer told me this was $50 over cost and it was at the end of the month for quota. I can post a copy of the contract . Most dealers have the capability to negotiate on these warranties per the BMW GM.