If you are thinking of purchasing a new BMW, you should know about their BMW extended warranty plan. They offer a warranty for the bodywork of 12 years, and 3 years for the paintwork. For the entire automobile which excludes the replacement of worn parts, they offer a warranty of two years regardless of the mileage on original BMW parts as well as original BMW accessories.
As to whether or not you need a BMW extended warranty, let’s examine the facts.
In order to ascertain whether or not you actually need a BMW extended warranty, here is additional information about the BMW’s Base Warranty Plans currently available through 2006 models: 4 years/50,000 miles; Drivetrain Warranty: 4 years/50,000 miles;
Federal Emissions Coverage: 2 years/24,000 miles; Federal Emissions Coverage – Listed Components: 8 years/80,000 miles; Corrosion Warranty: 12 years/unlimited mileage.
Experts recommend that purchasing a BMW extended warranty is entirely based on how long you intend to own the car. They advise you to look at the existing warranty before making a decision to extend it. Since the warranty for a BMW has been stated above, it would not be advantageous to expend additional monies if you intend to keep the car during the entire period of the warranty. Conversely, since you’ve invested a great deal of money on this car, and feel you will keep it behind the original warranty – then it is up to you to decide if a BMW extended warranty is worth the price. Most recommendations would advise it is prudent to purchase a BMW extended warranty if you plan on keeping it beyond the factory warranty.
There are two types of BMW extended warranties available: deluxe and gold coverage. If you decide you want maximum coverage for your BMW, the deluxe plan is recommended. However, keep in mind that if a part is not listed under the non-covered parts and maintenance service, it’s covered under this plan. You should be aware of the fact that because the gold plan is exclusionary, it is limited and only pertains to the general maintenance of the BMW.
The gold plan, on the other hand, is one of the most comprehensive listed extended service contracts in the industry. In addition to major mechanical items, it covers the majority of the electronic components in the automobile. This plan includes coverage for the engine, cooling system, transmission, air conditioning in addition to the electrical system, suspension, electronics, and seals and gaskets.
Therefore, when ascertaining if you need to purchase a BMW extended warranty, you may want to use the aforementioned information as a guide to help you decide if extending the car’s warranty is not only within your budget, but is a prudent step for you to take.