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03-10-2015, 03:56 PM | #1 |
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Costs and Necessity of extended maintenance plan and service plans
My 4year/50k bumper to bumper ends next year, so I have started looking to extend that for 6years/100k as I intend to keep my car for around 6-8 years. What I have found out right now is that one needs 3 plans and it gets very costly. Extending the car's regular service (oil service, etc.), runs over $3k, and to cover the car's mechanicals (both through BMW) runs over an additional $5k, but does not cover Nav and electrical issues, which is a separate contract not offered by BMW. Just wondering what others are being quoted, and what others are considering (aside from getting a new car) once their original warranty/service coverage expires. Thanks.
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03-10-2015, 06:57 PM | #2 |
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It's been a while, but BMW should offer different tiers of extended warranty protection starting with a basic power train warranty and up to include navigation/audio system coverage (platinum level)
When I had my e60 M5, I opted to extend both the maintenance and warranty and got a discount when purchasing both together. I found it well worth the investment since it paid for itself, and then some. See here for BMW plans: http://www.bmwusa.com/standard/conte...contracts.aspx and click on the PDF link for "Download New and Used Vehicle Coverage Brochure"
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03-11-2015, 04:10 AM | #3 | |
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03-11-2015, 09:00 AM | #4 |
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My car is CPO so I am fine with the warranty part, but the maintaince plans I've heard different opinions. Some think it's too much for some oil changes and minor stuff. Not sure if I want to drop 3k, but I have till 10/2017 to decide...
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03-11-2015, 10:07 AM | #5 |
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8k for warranties that do not include electrical? Yeesh I think we're better off just trading them in.
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03-12-2015, 07:17 AM | #6 |
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I'm just over 48,000 miles on my M5 at the moment. I went ahead and bought an extended warranty from BMW that has the platinum coverage. So navigation and all the electronics are covered as well. Paid $5,700 for it before taxes. I opted to not buy the extended maintenance plan, seeing how the most expensive thing with the maintenance was the brake change. You could probably get away with paying around $3,000 for a full set of new pads and rotors without the labor costs from the dealer and they wanted over $4,000 for the extended maintenance plan, but since I just installed brand new front pads and rotors at 47,000 miles, I figured I wouldn't have to change them before 90,000 miles and by then I'll probably have gotten rid of the car for the next generation M6 or used Lambo or McLaren 12C. So I figured it wasn't worth it, but I will say this, BMW calls for a spark plug change at 60,000 miles on the F10 M5 but I don't know how much that would cost out of pocket. So I'll cross that bridge when I get to it.
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03-12-2015, 07:27 AM | #7 |
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Ill answer the plug change out Dave. I have 52k miles. I just replaced my plugs and coils. Not at bmw but at a indy shop I go to. With labor it was 1200 and change. Those coils are expensive
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03-12-2015, 07:44 AM | #8 | |
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03-12-2015, 08:18 AM | #9 |
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I found the price for the individual coils at $52 each and the plugs at $25 each on the getBMWparts.com website. Didn't the $1,200 seem high for just coils and plugs? I can see the plugs needing replacement in the turbo engine, but the coils? Shouldn't they last for considerably more miles/time? It does look like a pain in the ass to get to the plugs, but $600 labor?
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03-12-2015, 10:56 AM | #10 |
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Have you considered an extending warranty from a third party like EasyCare? I have used them on 2 previous BMWs and have been very happy with them.
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03-12-2015, 08:35 PM | #11 |
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Hmm, no next gen M5 in the mix?
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03-12-2015, 09:45 PM | #12 |
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Probably not but we'll see. There's a number of things that the next M5 will need to have in order for me to consider it. If there's is even a hint from BMW that it will have any kind of six cylinder engine in it then I'm out. Also the size of the vehicle. I don't want a bigger car than the F10 chassis.
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03-12-2015, 10:17 PM | #13 |
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Can't even imagine a 6 cylinder in this size car. Even a turbo! They'd have to go on a serious diet and that would defeat the luxury component I think. Will be interesting to see what happens. I would think that whatever happens to the M5 would also happen to the M6 though, or perhaps vice versa. I need this size car now, but my next one will be a 911 of some sort.
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03-12-2015, 10:23 PM | #14 | |
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03-13-2015, 12:52 AM | #15 | |
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