Can I get a BMW warranty on a used BMW?
The BMW Used Car Warranty means your BMW Approved Used Car has unlimited mileage protection against breakdown and repair costs for parts and labour for a minimum of 12 months. Advantages of BMW CPO Over Standard Used Vehicles Comprehensive Warranty Backed by the Manufacturer: Unlike third-party extended warranties, BMW CPO coverage is factory-backed, ensuring genuine parts and authorized service.Primarily, BMW CPO vehicles feature a one-year unlimited mileage warranty that begins immediately after the original new-car limited warranty expires. This warranty ensures you are protected from unexpected repair costs on major components, including the engine, transmission, and electronics.
What is the warranty on a BMW certified used vehicle?
BMW’s CPO program is one of the most comprehensive in the automotive world. Once the original 4-year/50,000-mile BMW New Vehicle Limited Warranty expires, you receive an additional 1-year/unlimited-mileage Certified Pre-Owned Limited Warranty. The BMW New Vehicle Limited Warranty lasts for up to four years or 50,000 miles, whichever comes first. Like most warranties, it protects you against defects in parts or workmanship related to a vast array of covered components.
How much is a warranty on a used BMW?
Most of the BMW Extended warranty costs between $3,000 and $4,000, but prices vary depending on coverage selected, the year of your BMW and its condition. Top tier Platinum Plans can cost more than $6,000 for a 5 year/100,000-mile. A BMW Gold Warranty can cost around $3,500 for a 7 year/75,000-mile. Personal finance expert Dave Ramsey is famously outspoken against extended warranties. On average,” he says, “you’ll pay about $1,500 on an extended warranty, and the average repair is $180. I don’t recommend buying extended warranties, ever. If you can’t afford a $200 repair on a car, then you can’t afford the car.It might be difficult to justify the expense of taking out an extended warranty on a used car. You could end up spending more on the warranty than on the vehicle repairs. Instead, it can be more economical to simply put aside the money that may be required for car repairs.Just like when you negotiate when buying a car, don’t be afraid to negotiate the price of an extended warranty. At dealerships, salespeople or finance managers may inflate the cost of the extended car warranty. Inform them the price is too high, and if they can lower it, you may reconsider.Extended warranties for cars over 100,000 miles cost $136 per month or $1,398 per year of coverage on average. Endurance offers the best extended warranty coverage for cars over 100,000 miles with an unlimited-mile term. High-mileage warranties can be worth it since vehicles break down more often as they age.How Much Do Extended Warranties for Cars Over 100,000 Miles Cost? We found that vehicles with 100,000 to 150,000 miles on their odometer can expect to pay between $60 and $230 per month for extended warranty coverage.