Quote:
Originally Posted by varun2136
Hi guys, I am requesting some advice from the experienced bmw owners on this forum.
I bought my 2015 435i M back in Dec 2019.
Bought at 30k Miles from a leased owner and its been fantastic no issues at all.
The car now in 2021 is at 37k miles. (Just fyi)
I purchased extended warranty but then I was new and didn't know all the different types of warranties available.
So just today I looked at my car profile and saw my:
1. New Vehicle Limited Warranty
2. BMW ultimate Care+
Both expired back in November.
I've heard getting warranty in general is a rip off and warranty companies are just there to rob you, but I just want to look at the options of what potential warranty makes the most sense?
With that being said can you guys help me out with this one?
Appreciate it a ton.
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If you bought an extended warranty for every car you own, in the long run, you will most definitely spend more on warranty payments than on repairs. Yes - lots of people can tell a story about how they had a major repair on an individual car, and that the warranty on that car paid for itself. But over the long term, that will NOT be the case, otherwise, warranty providers wouldn't make any $$. Lots of people can tell you that they had a winning night at the casino -- but as a whole, the house wins. Think about that before you plunk down $$ for an extended warranty; the more cars you own that you skip it, the more money you have saved to pay for that unexpected repair.