07-14-2018, 11:47 AM | #1 |
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Best Third-Party Extended Warranty?
Hey guys,
I am interested in purchasing a third party extended warranty for my 2014 Comp M5. Even though the car has only 27k miles BMW won't sell me BMW warranty because its out of warranty too long. I just bought the car so wanted to look into third party warranty. Anyone know what companies are the best and what experience they have had? Mainly I want to know which third party warranty companies have people used and which offer the most coverage with the easiest hassle free payment when problems do occur. |
07-14-2018, 11:08 PM | #2 |
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If you have eligibility for USAA, I got a $3600 quote for my 2013 with 41k miles for additional 36months/36000 miles. No deductible.
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07-15-2018, 10:59 AM | #4 |
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07-15-2018, 10:30 PM | #6 |
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Here's a copy/paste of my notes from researching this for a 2014 M5 Comp with 40k. YMMV
Extended warranty options? - Look for exclusionary policy, which is platinum, also assure it’s a warranty not maintenance extension. Platinum includes iDrive, which I believe gold does not - Dinan supposedly is not a warranty issue, unlike others, but Dinan might not offer an F10 tune - some dealers may not honor extended warranty if 1200mi service not done. Also look for flagging due to mods, which they may not disclose. Generally, warranty is transferrable.- Call beforehand to assure there hasn’t been a cancellation on dealer side - can “refresh” CPO warranty not original 4/50k but adds 2yr/50k (or maybe 1yr unlimited) it costs $700 at time of purchase with $50 deductible. - CPO is not the same as the BMW extended warranty, but in effect they may play out the same - quotes from $3500-7000 for 4yr/to 100k, and all added from date of original sale 0 miles. - heard 3yr/36k for $5820 with $250 ded - heard 7yr/70k for $4900-6900 with $50 ded - heard 7yr/100k for $6500-7900 with $50 ded - one person said going to the 2yr/unlim was $1200 - read CPO warranty in detail. Some are 1yr/unlim, some are up to 6yrs. - BMW Platinum? Jim Martinez from Steve Thomas BMW may run good deals, or Greg Poland at Pacific BMW and mention bimmerpost gregpoland@pacificbmw.com - sounds like you now have to buy at in IN dealership and arrive in person with car - The Warranty Group 6/60k $4202, 48/50k $3255 per Scott at Ft Wayne BMW - USAA (extended vehicle protection) - adds 60mo/100k from time of warranty purchase for $4900 with $0 red - they cover any BMW under 10yrs old with less than 115k on odometer, must have act and military connection, coverage ends at 115k - 800-531-8722, need enlist (actual day)/sep dates, discharge status/rank - Carchex has worked with BMW - Exclusionary - 3yr/45k $7832, 2yr/30k $7137 $50 to transfer - X5 - diamond premier - transferrable 4yrs/60k = $4918 $100 ded, any dealer, $0 ded (limited offer) and military to $4300 - $3500 $25 - ext 407 215-600-3744 Keith - M5 $7607-200 in full - VSC - easycare - 12k for 3yr/125k with $250 ded (good reviews) - CNA? (“Mixed Reviews”, but offer up to 9yrs/150k, though may not cover M cars) - autopom for $2910 for 4 yr/48k platinum warranty (read this 2x) - for X5 named component plan 3yr/36mo is $3380/5yr/75mo $3800 must be under 80k for exclusionary (approx 11k) - Three guys recommended “route66” - do not cover ///M or X5 - can only offer a drivetrain warranty - Delta Car Project - diamond premier for 4rys/80k for $3400 (some say poor online reviews) - Alpha - good, but must be purchased at the time of purchase- Carmax “Maxcare” can go up to 6yrs/125kmi for $3799 - covers everything. - Fidelity (via dealership (they underwrite for VW/Audi factory)) was $1500-2000 less than CPO and went to 3yrs/75k. May need to get it before warranty expires - Fidelity Platinum with $250 deductible for 2013 with 30k 2 yr / 24K - $2448.00 3 yr / 36K - $3976.00 4 yr / 48K - $5883.00 5 yr / 60K - $7346.00 5 yr / 75K - $7864.00 6 yr / 72K - $8887.00 - one said fidelity accepted at all dealers. - Gold Plus is slightly better than BMW Platinum - was $4000 for 4yrs/48k - Only sold through dealership networks |
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07-18-2018, 09:35 PM | #8 |
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07-18-2018, 09:36 PM | #9 |
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07-18-2018, 09:37 PM | #10 |
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07-18-2018, 10:15 PM | #12 |
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07-18-2018, 10:31 PM | #13 |
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Yea third party warranty should be way less. I am just trying to get the possible best possible warranty out there to avoid any hassles and there are so many negative and positive reviews of so many companies out there it is very hard to decide.
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07-22-2018, 07:06 PM | #14 |
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^ this. I used USAA for my CLK63 Black Series, and for my F10 M5. Always have covered, and no issues. Best aftermarket warranty on the market if you qualify.
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07-22-2018, 08:51 PM | #15 |
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USAA is my choice once original warranty expires
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?When you have fast cars and bad luck, it's a lot easier to handle than having slow cars and bad luck.?
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08-06-2018, 10:47 PM | #19 |
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autopom sucks ass just look a review of them and they are actually not even a warranty company they are wholesalers to small terrible fly by the night type companies
i had the carguard warranty through them. If you look online they will void the entire contract if they see any aftermarket parts or claim it was a pre existing condition otherwise i got my warranty on my new m5 from lexus and is backed by lexus, i can take it to any dealer but it was more than double the cost of autopom |
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08-08-2018, 02:50 PM | #21 | |
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Quote:
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09-03-2018, 09:17 AM | #22 |
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Great input here in this thread - THANK YOU! No military connections but all the research done and posted is extremely helpful. Just bought a 2015 m5 with 49k and factory warranty will run out on mileage (4 years is up March of 2019). Everything runs great no issues whatsoever but I've owned enough m-cars to not want to have this monster without coverage.
I'll keep researching and will post back where I end up. BTW, in Atlanta GA and after 5 calls to different dealer's finance offices trying to get a quote have exactly ZERO calls back. |
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