Ultimate care+ and extended warranty

zmm12345 · 12-15-2022, 12:56 PM

Hi Everyone

My car has finally arrived at my dealer.
I drive 25-30k miles a year, and will be financing my car over 60 months

What does everyone think about ultimate care+, and extended warranty's?
What do you all recommend, and does anyone know the difference between getting coverage now vs later?

My dealer is not really offering any discounts that are significant. I am not sure how much markup they have in these products

Thank you all, I am very excited!

zmm12345 · 12-15-2022, 03:31 PM

geico does offer an extended warranty called "mechanical breakdown insurance" for very cheap

dimapb · 12-15-2022, 05:20 PM

Quote:

Originally Posted by zmm12345

Hi Everyone

My car has finally arrived at my dealer.
I drive 25-30k miles a year, and will be financing my car over 60 months

What does everyone think about ultimate care+, and extended warranty's?
What do you all recommend, and does anyone know the difference between getting coverage now vs later?

My dealer is not really offering any discounts that are significant. I am not sure how much markup they have in these products

Thank you all, I am very excited!

Reach out to Christine at Steve Thomas BMW. She’s been helping a lot of folks on this forum with great BMW warranty pricing.
Her contact info below:

Christine Newman
Finance Manager

Steve Thomas BMW
BMW- 411 East Daily Drive
Camarillo, CA 93010

805 482 8878
CNewman@SteveThomasBMW.com

TWB · 12-15-2022, 08:40 PM

Often you can find a dealer that will discount an extended warranty. The most comprehensive ones are offered by the manufacturer. I wouldn’t consider having a complicated vehicle like this without. Minor electrical components, computers, etc can shock you with their cost. You can always pose it to the dealer like this:
“I’m going to purchase one, would you rather make a little less on the sale, or zero.”
It’s not like a vehicle where supply may be limited!

mjr24 · 12-15-2022, 09:12 PM

Quote:

Originally Posted by zmm12345

geico does offer an extended warranty called "mechanical breakdown insurance" for very cheap

I’ve heard about this before. Do you have to use Geico for car insurance to be eligible for this or no?

zmm12345 · 12-15-2022, 09:16 PM

I assume so

bnzvett1 · 03-27-2024, 02:57 PM

Just took delivery yesterday of a 2024 i7. The finance manager discussed two different extended warranty coverages. One from BMW and the other from Fidelity. He provided a pamphlet for the Fidelity warranty, but nothing for the BMW one.
Cost:
BMW Platinum coverage: 75K - 7 years $6,440.00
Fidelity: 80K - 10 years $5,620.00

I have never heard of the Fidelity plan, but the finance manager mentioned that the coverage was the same as the BWM plan and it was accepted at all BMW dealerships. I believe that both had a $250 deductible.

Anyone familiar with the Fidelity plan? Do those prices seem reasonable?

12-15-2022, 12:56 PM	#1
zmm12345 Second Lieutenant 55 Rep 243 Posts Drives: x7 and 330i Join Date: Jul 2019 Location: New York iTrader: (0)	Ultimate care+ and extended warranty Hi Everyone My car has finally arrived at my dealer. I drive 25-30k miles a year, and will be financing my car over 60 months What does everyone think about ultimate care+, and extended warranty's? What do you all recommend, and does anyone know the difference between getting coverage now vs later? My dealer is not really offering any discounts that are significant. I am not sure how much markup they have in these products Thank you all, I am very excited!
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12-15-2022, 03:31 PM	#2
zmm12345 Second Lieutenant 55 Rep 243 Posts Drives: x7 and 330i Join Date: Jul 2019 Location: New York iTrader: (0)	geico does offer an extended warranty called "mechanical breakdown insurance" for very cheap
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12-15-2022, 08:40 PM	#4
TWB Enlisted Member 24 Rep 42 Posts Drives: 2020 740I Join Date: Oct 2022 Location: SoCal iTrader: (0)	Often you can find a dealer that will discount an extended warranty. The most comprehensive ones are offered by the manufacturer. I wouldn’t consider having a complicated vehicle like this without. Minor electrical components, computers, etc can shock you with their cost. You can always pose it to the dealer like this: “I’m going to purchase one, would you rather make a little less on the sale, or zero.” It’s not like a vehicle where supply may be limited!
	Appreciate 0 Quote

12-15-2022, 09:16 PM	#6
zmm12345 Second Lieutenant 55 Rep 243 Posts Drives: x7 and 330i Join Date: Jul 2019 Location: New York iTrader: (0)	I assume so
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03-27-2024, 02:57 PM	#7
bnzvett1 New Member 3 Rep 29 Posts Drives: BMW i7 Join Date: Jan 2024 Location: Northern VA iTrader: (0)	Just took delivery yesterday of a 2024 i7. The finance manager discussed two different extended warranty coverages. One from BMW and the other from Fidelity. He provided a pamphlet for the Fidelity warranty, but nothing for the BMW one. Cost: BMW Platinum coverage: 75K - 7 years $6,440.00 Fidelity: 80K - 10 years $5,620.00 I have never heard of the Fidelity plan, but the finance manager mentioned that the coverage was the same as the BWM plan and it was accepted at all BMW dealerships. I believe that both had a $250 deductible. Anyone familiar with the Fidelity plan? Do those prices seem reasonable?
	Appreciate 0 Quote