Question: Is It Worth Buying BMW Extended Maintenance?

Are prepaid maintenance plans worth it?

If it’s too high and you can’t strike a deal that’s less than what you’d pay out of pocket, it’s not worth it.

Keep in mind that if you wrap prepaid maintenance into the financing for your vehicle purchase or lease, you will be paying interest on it.

A good maintenance deal can be had if you’re leasing, Weintraub said..

Is owning a BMW worth it?

If you dont particularly enjoy getting in and cranking up your car, every single time you drive somewhere, even if its just 2 miles down the road to a grocery store, you may not find BMWs to be worth the money. You may however, find value in a Mercedes. But if you truly enjoy driving a car, a BMW is worth it.

Does BMW extended warranty cover maintenance?

In addition to offering extended warranties (also known as vehicle service contracts), BMW offers prepaid maintenance plans. With these plans, you pay in advance for all factory-scheduled maintenance to get a 30-percent discount compared to paying for individual services as you go, according to BMW.

Why is BMW maintenance so expensive?

Maintaining a BMW is expensive because it’s a German car with specialty parts and technology. It’s engineered for driving enthusiasts – it’s not just a car to get people from point A to point B. For example, a battery change can cost $400 because the mechanic needs to register the battery to the engine control module.

Does BMW give free maintenance?

In fact, the BMW Maintenance Program* is one of the most comprehensive programs in its class and it offers the longest coverage period. We cover all factory-recommended maintenance at no charge for four years or 50,000 miles, whichever comes first, as well as items that need replacement due to regular wear and tear.

Do BMWs break down a lot?

Also there is a perception that BMWs break down a lot…have owned 3 BMWs and never had a breakdown. The breakdown perspective might come from BMW fanboys who buy older BMWs (can’t afford new or newer) drive them like they stole them and are surprised when they break.

What does BMW extended maintenance warranty cover?

BMW extended warranties from the dealership cover repairs and replacements due to defects in material or workmanship only – not breakdowns from normal wear and tear. There are three different BMW extended warranty plans: Platinum, Gold, and Powertrain Plus.

Can I cancel my BMW extended warranty?

BMW’s original owner extended plan can not be cancelled simply because you no longer want it. You need to have just cause, such as sale of the vehicle or having your vehicle totaled in a car accident. … Most dealerships offer their own extended warranty plan; not necessarily endorsed by BMW North America.

Is buying a used BMW a bad idea?

When purchasing a used BMW, it’s important to be aware of the depreciation. Yes, BMWs are awesome cars, however like most vehicles, they lose their value quickly. … BMWs can be more expensive to maintain than non-luxury cars and older model parts can be hard to come by.

Can you cancel prepaid maintenance plans?

You can cancel your Prepaid Maintenance Plan within the first 30 days for a full refund if no benefits have been paid. If benefits have been paid, or if you are cancelling after the first 30 days please ask your dealer or refer to your agreement upon purchase.

Why is BMW resale value so low?

All cars depreciate in value. … The difference is that these higher end cars use higher end engines that can’t take the abuse of people who don’t know or care. And it gets expensive for some because they run to the dealer for everything… and BMW dealers are known for overcharging on maintenance.

Are brake pads covered under BMW warranty?

Additional specific items that need replacement due to normal wear and tear and that are not covered by the original New Vehicle Limited Warranty—such as brake pads, brake rotors, and wiper blade inserts—are included provided wear and tear exceeds BMW wear limits.

Which BMW model is the most reliable?

Although the BMW E90 325i and 328i are some of the most reliable BMWs, they’re not fault-proof. Like every other BMW engine made after 1990, the N52 came with VANOS. Essentially, this was BMW’s V-TEC equivalent, which modulated the engine’s valves for better fuel efficiency or more power.

Is Mercedes Benz Prepaid Maintenance worth it?

Mercedes claims drivers can save up to 30 percent on dealership maintenance by choosing a prepaid plan. Note that you can’t buy a plan for a brand new car that would cover the next 10 years or 110,000 miles. … You’ll have to decide if dealer-backed prepaid maintenance is worth it to you.

What is the difference between a maintenance plan and a service plan?

A service plan is a separate policy from the manufacturer’s warranty. A maintenance plan includes all the benefits of a service plan, but also adds protection for replacement and repair of various wear and tear parts.

Is the BMW maintenance program worth it?

Agreed with what garrison said about looking at maintenance cost vs the plan. The plan will cover itself if you need brakes done since that is the most costly maintenance item. With you driving so much it may be worth it when you include spark plugs, air filter, brake fluid flush, oil changes.

Are BMWs really that expensive to maintain?

According to their data, BMWs are the most expensive make to maintain by far, with a 10-year cost of $17,800. They found luxury brands are generally the most expensive to own over the long haul, but far less flashy vehicles ranked high too—including a few brands that have been retired since the data was compiled.

Why is BMW so unreliable?

If you don’t, things can go wrong. If you keep on top of its maintenance, a BMW can theoretically last a long time – perhaps forever. … But as we’ve pointed out, it’s the little stuff that can often bring a BMW down. And it’s this that frustrates buyers and which contributes to its reputation as an unreliable car maker.