Extended Warrantees

Searched the forum for an answer to this but couldn't come up with a good conclusion. I have a 2001 330CI with 58,000 miles on it. Bought the car new and have kept up with the service. Have searched prices on extended warrantees and received quotes from $2300 to $2600 for 4 years or 50,000 miles with a $100 deductible. They are very specific about what parts are covered in the auto trans. The dealer tells me that they do not take apart and rebuild the transmission,just install a factory rebuilt one.I see coverage problems with that. What do you think? Does anyone have recommendations for a good warranty company?

Factory rebuilt? They should be giving you a brand new one.

No. Extended warranties are always bullshit unless they're the dealers CPO. I've never seen/heard of one that covers things that actually break/wear out. Most of them very specifically do not replace any suspension components (bushings included), anything not mechanical (the stereo and window regulators, for example), belts, anything to do with the cooling system, or any design defaults. Theres a lot more they don't cover, and you'll find, taking these things out of the equation, you'll never spend 2,600 on repairs. Put the money that you were going to spend on the warranty in a high interest savings account, let it grow, and you're pretty much guaranteed to end up with more than you first had in there after factoring in the cost of the repairs for the year.

how 'bout those dealer maintainance programs?

Originally Posted by fun4us

how 'bout those dealer maintainance programs?

The dealer maintenance plan is kinda =/, if you can't/aren't able to change your own oil then i'd go for it. It probably will pay for itself over the years but that'll be it. You've gotta try and squeeze as much out of them as possible as well, try for early oil changes and inspections.

Hello,
I bought my BMW used as well and purchased the vehicle service contract that was offered at the dealership. The "aftermarket" warranty company is called EasyCare and for the most part I have been satisfied with their service. They didn't pay for everything but i had my car put into my indy shop three times totaling about $3k and I paid about 25% percent of the bill. Some of items i believe were like O2 sensors, expansion tank/ valve, power steering pump, etc. Obviously a lot of this stuff is simple DIY for alot of people on this forum.

Anyways, the shop owner who has never heard of EasyCare before I brought my BMW in has expressed to me that EasyCare was one of the best warranties he's seen and also has recommended it to his friend. I think I paid $2K or $2,100 for 3 years/ 30K miles with a $100 deductible after a little negotiation. Also, I get $30 per day to use at Enterprise for a rental car up to 7 days per vehicle warranty claim. Just my two cents.

I don't mean to necropost, but I wanted to chime in and say sometimes these service contracts work out pretty well. The contract on my 330 originally went for $1300 and just expired a week ago. It paid out $7900 in repairs over its lifetime, including a DSC module and GM5 module replacement ($2200 bill) on the last day of coverage. Actually, the indy shop I go to didn't even call the claim in until a day after the coverage expired, and they still ended up paying for it. The good service contracts are the ones with wrap coverage, meaning they cover everything other than a specifically stated list of components.

These guys bought me so much new **** for my car that I have trouble even remembering all of it. Control arms, FCAB/RTAB, a new MAF, A/C compressor, alternator, steering coupler, rear windshield (radio issue), that DSC module and GM5, cooling system overhaul, belt tensioners, etc. They paid out so much I almost can't help but to feel like I screwed them, but they sent out an inspector for every single repair and it was always approved. The only things they ever denied were stuff like the intake boot because they said it wasn't worn all the way through yet.