Bellevue BMW - 3rd party extended warranties

[fijijason]

I wanted to check with the group on how bellevue BMW is with third party extended warranties. Im thinking about Fidelity, Easycare, and NAC. The best deal is NAC but is looks like noone on the board has used them. I plan to call my SA at Bvue but wanted to see what insights everyone had. I have heard that Seatlle has more flexible SA's on this type of stuff as well.........

[kendall993]

Let me know what you find out. Im thinking about getting a warranty as well. My car is just out of the factory coverage so its been on my mind. Thanks in advance for the updates.

[5PEEDY]

I had one from Zurich that came with car. It cost the original owner $5k. Over the course of the warranty I got ~$3000 out of it, previous owner $1000. All the repairs were $500-1000 bills.

I would say my car is fairly well behaved and I could have done all the repairs myself. Obviously my case was not financially worth it. I didn't pay for the thing and it did not inflate the price of the car when I bought it.

Would it be better to put the money in some stable account that earns interest? This is how the insurance companies make there money, along with plans not paying for themselves. What does that say about extended warranties? To me it shows overall they are not worth it. One could have a discussion on insurance in general with the argument I just made.

I have know two people beyond myself that bought extended warranties. One had a Audi S4 that cost the original owner $3000 for the warranty. He got $13,000 work out of it. The other person spent $1700 and got $500 out of it.