[Variable430]

I know there was a thread about this earlier in the year but, now that BMW is finally starting to deliver the cars we have been anxiously waiting for, I am curious how if many in the community are opting for extended warranties and what the justifications are.

Also, what dealer options are people purchasing if any? The BMWUSA i4 build page had several dealer options showing for MY22 but when they switched to MY23, many of them disappeared.

Did the 7/100 warranty and 7/125 maintenance. We are keeping the car for the duration and at $5,550 all in and assuming it includes one brake change (brakes are included) plus piece of mind of getting bmw OEM service on a new model vehicle it seemed worthwhile for an incremental $800/yr as opposed to self insuring.

 

[Variable430]

Extended warranties are a huge profit center. That fact tells you they are not a good deal in general. On an EV there's much less to go wrong. If you want to do it anyway coz it gives you peace of mine, that's fine. It's just important to know it's like buyint a lottery ticket; the math is simple and it's not in your favor.

For me it was the combination of new brushed motors, expensive electronics/oled, and the price wasn’t prohibitive. $1,200 a year (excluding service contract)!plus coverage for another 50,000 miles for tail risk insurance when I’m not sure what the repair costs could be seemed alright. I can estimate what repairs will cost in a ICE car is one thing, this is a black box.

 

[Variable430]

An extended warranty is like some types of insurance.

Its kind of like pet insurance. You pay $50-100 a month so if/when your animal has a major crisis you don't have to panic at a $5000-10000 estimate. A modest cost now so you don't have to worry/panic about it later.

For a car. An extra $200 a month for an extended warranty is much cheaper peace of mind that I wont be stuck with some insane repair bill that if I were to trade in and buy a new car to have the same peace of mind.

Agreed. I have a 6yr old 911 that is just coming up on end of the warranty. I haven’t had any issues but I’m not willing to go naked on an asset that still has considerable value when the cost to replace the PDK transmission alone can run $20k. It’s about risk tolerance.

 

[Variable430]

I ended up doing Mechanical Breakdown Insurance (MBI) through my auto policy at a cost of about $120/year…and it’ll cover any mechanical or electrical problem for 7 years/100,000 miles. I think it’s better choice for me because the payment is spread overtime and no interest paid on it.

More on MBI :Mechanical Breakdown Insurance (MBI): 2022 Guide

I’m not debating the value of the service plan for 7/125,000. I may be more willing to do this one since the cost/benefit is much clearer (and potentially a money saver in the end).

Definitely a good value option on the MBI. The only thing I’d confirm is that they don’t have specific carveouts for electric vehicles. The service plan for me was just belt and suspenders. I figured a dealer brake job would cost $1000 so the incremental $950 didn’t seem bad.

 

[Variable430]

Yeah we don’t have that long, but when people talk extended warranty for a new car I imagine them getting the fist party one.

7 yr is the max for factory. 3rd party warranties can be longer.

 

[Variable430]

Is it just me or does this sound extremely expensive? What could go more than $2k wrong each year for several years straight?!! It sounds to me like there's not enough other EV owners who are willing to pay for an extended warranty and so the first buyers are going to be paying through the nose. For my situation, $7600 is a hard pass.

We paid $3600 for the 7/100k extended and $1949 for the 7/125k maintenance package. Figure the brakes alone would cover a portion of the maintenance cost.

 

[Variable430]

Does anyone know if the extended BMW warranty appears on the MY BMW app or the Mygarage site after you purchase it?

It should show up in the app. Click on the picture of your car, go over to the services tab and scroll down. You will find it under warranty and maintenance