[Fwardell]

My local BMW dealer quoted me $2400 for a power train warranty for my 2008 96K-mile 6-speed M5 for 3 years 36,000 miles. Following an inspection, that is. How does that stack up against what anyone else has found?

 

[DaveW68]

That really doesn't sound all that bad for a 96k mile car. Just make sure you check the coverages and make sure it includes the entire powertrain.

 

[cleoent]

See who the warranty is through. I have a feeling it is a 3rd party.


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[SuckaGDog]

See who the warranty is through. I have a feeling it is a 3rd party.


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No doubt it is. There is no way that policy is through BMW at 96k miles. OP, who is warranty company?

 

[DarkLord]

I just got an exclusinary policy for a 07 w/ 39k and I paid a little over 5k so it seems like a pretty good deal to me

 

[umichchris]

sounds like a good deal. i dont believe in warranties mostly because all the crap ive had to fix or replace on my car so far (totaling over $6k now) would not have been covered anyway.

but i do think it might be worth it given that the rod bearings and some other engine work might need to be done soon on your high mileage car...

 

[Fwardell]

sounds like a good deal. i dont believe in warranties mostly because all the crap ive had to fix or replace on my car so far (totaling over $6k now) would not have been covered anyway.

but i do think it might be worth it given that the rod bearings and some other engine work might need to be done soon on your high mileage car...

Good questions. Yes, it covers the entire power train mechanical parts from engine to rear diff., including tranny and drive shaft, bearings, etc. Interestingly, it's not a 3rd party insurer. Hendrick BMW owns a company called Hendrick Autoguard who is the insurer. The warranty package also includes 24 hour roadside assistance and breakdown assistance, including rental car and food and lodging if over 100 miles from the dealer. For $2400 for 3-year, 36,000 mile coverage what's not to like? Oh, it does have a $150 deductible per visit. It does require an inspection, which my car passed. I believe I'm going for it.

 

[SuckaGDog]

Good questions. Yes, it covers the entire power train mechanical parts from engine to rear diff., including tranny and drive shaft, bearings, etc. Interestingly, it's not a 3rd party insurer. Hendrick BMW owns a company called Hendrick Autoguard who is the insurer. The warranty package also includes 24 hour roadside assistance and breakdown assistance, including rental car and food and lodging if over 100 miles from the dealer. For $2400 for 3-year, 36,000 mile coverage what's not to like? Oh, it does have a $150 deductible per visit. It does require an inspection, which my car passed. I believe I'm going for it.

Well what people usually mean by 3rd party is the policy is not through BMW themselves, but another company, in this case Hendrick Autoguard. I know some other board members have policies through this same company and I have heard good things. I would go ahead with it!

 

[MarkieM5]

BMW would not write a warranty on my 06 8k mile M5. Paid $4500 for a Fidelity 5 year 50k platinum policy.


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[mdyaman]

Good questions. Yes, it covers the entire power train mechanical parts from engine to rear diff., including tranny and drive shaft, bearings, etc. Interestingly, it's not a 3rd party insurer. Hendrick BMW owns a company called Hendrick Autoguard who is the insurer. The warranty package also includes 24 hour roadside assistance and breakdown assistance, including rental car and food and lodging if over 100 miles from the dealer. For $2400 for 3-year, 36,000 mile coverage what's not to like? Oh, it does have a $150 deductible per visit. It does require an inspection, which my car passed. I believe I'm going for it.

Sorry , that is a 3d party warranty. It's not through BMW, but through, as you said, Autoguard.


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[Vapiano]

I paid $2,900 for a 4/50,000 bumper to bumper warranty through my credit union. Warranty company is Member's Choice. I have used them for all my cars and have never had an issue with a claim.

 

[DaveW68]

I paid $2,900 for a 4/50,000 bumper to bumper warranty through my credit union. Warranty company is Member's Choice. I have used them for all my cars and have never had an issue with a claim.

I have the same exclusionary policy as you through my local credit union. Mine was $1900 for a 5/60k warranty. Only reason mine is longer and cheaper was that my car had under 35k miles when I purchased coverage. This is by far the best deal for a warranty on our cars. I believe 2Live4 purchased his warranty through my credit union and got the same coverage and cost as yours. People who don't check through their local credit union for coverage are just blowing lots of needless cash with other companies....especially if their credit union offers coverage.

 

[Vapiano]

I have the same exclusionary policy as you through my local credit union. Mine was $1900 for a 5/60k warranty. Only reason mine is longer and cheaper was that my car had under 35k miles when I purchased coverage. This is by far the best deal for a warranty on our cars. I believe 2Live4 purchased his warranty through my credit union and got the same coverage and cost as yours. People who don't check through their local credit union for coverage are just blowing lots of needless cash with other companies....especially if their credit union offers coverage.

I agree.

 

[chakka]

Trying to find the chart online for BMW extended prices (Powertrain, Gold, Platinum) for comparison. I see the list of items covered, but can't find the chart. Tried several searches, but no luck. Someone i'm sure has it or a link they could post, i'd appreciate it.

 

[mdyaman]

Trying to find the chart online for BMW extended prices (Powertrain, Gold, Platinum) for comparison. I see the list of items covered, but can't find the chart. Tried several searches, but no luck. Someone i'm sure has it or a link they could post, i'd appreciate it.

It's in the All things warranty sticky thread at the top. Post # 68.




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[chakka]

Thanks! You answered several questions for me several years ago, glad to see you're still on here.

 

[2Live4]

I paid $2,900 for a 4/50,000 bumper to bumper warranty through my credit union. Warranty company is Member's Choice. I have used them for all my cars and have never had an issue with a claim.

Yes, I paid the same amount through my credit union (same as DaveW68). I'm glad to hear that you haven't had any issues with claims. But how much was the claim may I ask?

I have the same exclusionary policy as you through my local credit union. Mine was $1900 for a 5/60k warranty. Only reason mine is longer and cheaper was that my car had under 35k miles when I purchased coverage. This is by far the best deal for a warranty on our cars. I believe 2Live4 purchased his warranty through my credit union and got the same coverage and cost as yours. People who don't check through their local credit union for coverage are just blowing lots of needless cash with other companies....especially if their credit union offers coverage.

Yes, I did make the warranty purchase. Thanks for recommending that, Dave. I bought it for a piece of mind, but I hope that I won't need to use it.

 

[mdyaman]

Thanks! You answered several questions for me several years ago, glad to see you're still on here.

not as much as I used to now. I sold the M5 earlier this month.

 

[chakka]

not as much as I used to now. I sold the M5 earlier this month.

out of warranty………thanks again