[beamer-dreamer]

Hi folks,

just finalizing my order for my M240i (bsm/oyster)

and figured might as well try and negotiate a service agreement, and they're quoting me like 5yr / 90k - $4361 with a 50 deductible.

do BMW dealers only offer BMW contracts or are there 3rd party agreements that other BMW dealerships honor? because that price is more than twice what i paid for a similar Volvo agreement i bought last year.

thanks

[SWOHammer]

I'm also very interested with this thread!

This is my first BMW and I'm expecting delivery in the next several weeks which means I'll be having this conversation/decision very soon.

I don't have any self-maintenance capabilities as I live in a townhouse. I'm purchasing the car outright and plan on owning it for at least 5 years or more.

To the BMW veterans or others who are familiar with the BMW maintenance, what say you? What is and isn't included so I can use as a comparison to other plans?

[yanks1]

way too expensive in my view... shop around w/out of state dealers

[danallxt]

I take it this is an extended service agreement on top of the "free" 3 year that comes with the car. So you plan on having the car at least 8 years? Anyway it seems like a bad deal, how many miles do you average a year, if say 5000 a year thats only 5 oil changes, so it's over 1000 bucks per change. And the $50 deductible, is that for each service, seems like a bad deal. If this replaces the 3 year plan then it is a total rip off.

I think at the end of the 3 year service agreement you can purchase additional years of service, i would wait to see if you plan to keep it longer at the 3 year period. Plus it does not have to be a BMW plan. of the 3 year period you will likely get lots of offers for additional service agreements.

anyway shop around.

[G42M240]

Are you referring to the maintenance agreement or the extended warranty?

[danallxt]

Originally Posted by G42M240

Are you referring to the maintenance agreement or the extended warranty?

not sure if you are addressing me or the original poster?

but the following is from BMW usa site. Note there is a difference between "scheduled coverage" program and the "Ultimate Care" program. I have emailed my dealer to see what the cost is for the 2 year extension of scheduled coverage to the standard 3 year "freebe". Will post when i get the results.

Extend full maintenance:

Extend BMW Ultimate Care+ 1, 2, 3, or 4 additional years or 89,000 miles for a total of up to 7 years or 125,000 miles. As an owner or lessee of a new BMW, you can decide to add this coverage at any point befo


Extend scheduled coverage:

Extend scheduled maintenance coverage beyond 3 years or 36,000 miles with Ultimate Care Scheduled which covers an additional 2 years or 39,000 miles for a total of up to 5 years or 75,000 miles.

[ZacMatic]

I'm new to BMW, but this is what I've been able to discern, so please correct me if I'm wrong because this stuff seems to be needlessly confusing.

All new BMW purchases come with 3 years/36,000 miles of Ultimate Care, which covers all Scheduled Maintenance (oil change/filters/etc.) needed during this period. I'm assuming oil changes happen every 10,000 miles, so this would realistically cover no more than three maintenances. It also includes roadside assistance.

Ultimate Care+ is an upgrade that adds the following:
Replacement of specific wear-and-tear items such as brake pads, wiper blades and manual transmission clutch.
It's also tied to the car, rather than owner, so if you buy extra Ultimate Care+ extensions, they're available to future owners.

When you configure a car, you can select Ultimate Care+ for $700. This converts your included Ultimate Care 3 year/36,000 package to Ultimate Care+ 3 year/36,000. If you go through a lot of wipers and brake pads, maybe this is worth it??

Ultimate Care+ 1, 2, 3, and 4 year extensions start after the 3 year Ultimate Care+ maintenances are consumed. I believe you can purchase these at any time until your three years or 36,000 miles are up.

So as an example, if you purchase Ultimate Care+ 4 year, you would have 7 total years (3 + 4) and 125,000 total miles (36,000 + 89,000) of maintenances, and if you sold the car after 2 years, the buyer would inherit the 5 remaining years.

Alternatively, if you don't upgrade to Ultimate Care+, you can still purchase 1 or 2 year Ultimate Care Scheduled extensions, which gives you up to two more years of regular Ultimate Care maintenances.

Once the car reaches 5 years or 60,000 miles, and if you have no Ultimate Care+ coverage (3 year/4 year extension), you can purchase Ultimate Care Oil Services, which gives you 3 years of oil changes.

I'm pretty sure none of this is what you would consider an extended warranty, which would cover repairs on non-wear-and-tear items like electronics, that takes over after the initial 4 year warranty expires.



Updating to add that apparently the regular 3 year Ultimate Care is now transferrable to new owners on 2022 model year vehicles.

[ZacMatic]

Originally Posted by beamer-dreamer

Hi folks,

just finalizing my order for my M240i (bsm/oyster)

and figured might as well try and negotiate a service agreement, and they're quoting me like 5yr / 90k - $4361 with a 50 deductible.

do BMW dealers only offer BMW contracts or are there 3rd party agreements that other BMW dealerships honor? because that price is more than twice what i paid for a similar Volvo agreement i bought last year.

thanks

Is this a third party extended warranty sort of thing, or is this a BMW service agreement?

There are lots of third party "extended warranty" plans that work like insurance. You buy the plan, something expensive breaks on the car after it's out of warranty, you pay out of pocket for the repair, then you make a claim against the plan and you get reimbursed minus the deductible.

[yuvalt]

I was offered extended warranty of 7 years and 100000 miles for $3,634. It's offered by the dealership by a company called Continental Warranty. Is this a fair price? Thanks

[beamer-dreamer]

Originally Posted by yuvalt

I was offered extended warranty of 7 years and 100000 miles for $3,634. It's offered by the dealership by a company called Continental Warranty. Is this a fair price? Thanks

i think if you're not dealing with a BMW "warranty" you'd better make sure that other BMW dealerships also work with that company, or make sure you understand the claim process, and what happens when joe blow BMW dealer says the repair costs 2500, but your after market warranty says it only covers 1500 for that type of repair... so while this warranty might be less expensive than a BMW plan.. you have to read all the fine print

[SpeedyATL]

I would only go with the BMW Extended Service Contract. The prices are high, but at least you have some confidence that BMW will honor them.

You can find pricing on you myGarage page on the BMW site. Once you get the pricing, drop a line to cnewman@stevethomasbmw.com. Christine offers some discount to those prices.

Maybe even try other BMW dealers, there is a fair amount of profit in these things as most know, so maybe you can find a better deal and post up a source.

[XC3LLR8]

Pretty sure this is a warranty, especially since it has a deductible, and not extended maintenance.

Basically you are paying for a $4,400 repair bill that BMW is banking on you never needing. Of course it's not a good deal; if it was a good deal BMW wouldn't offer it.

Take the $4,400 and take a fun road trip to a roulette wheel and pick your color. You'll either lose it (not much different than giving it to BMW), or you'll double your money. It's almost a win-win.

[danallxt]

ZaCmatic:
Excellent post you made to describe the confusing differences;
I did like

When you configure a car, you can select Ultimate Care+ for $700. This converts your included Ultimate Care 3 year/36,000 package to Ultimate Care+ 3 year/36,000. If you go through a lot of wipers and brake pads, maybe this is worth it?

If you are not going to track the car, well that's a lot of wiper blades.
Then again if you are going to track the car you are likely to install a better set of pads anyway (at your cost) so, yes, a very dubious purchase. Nominal use should not work thru the pads at 36000 miles unless these are pretty soft organics.

[240idax]

Extended warranties are almost never in your favor, especially any kind of "covered maintenance." Its oil changes, spark plugs, filters... all of which are cheap and easy to do. Also much cheaper if you go to any reputable auto shop.