BMW Extended Warranty Cost: What to Know
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A BMW is a nice car, and a warranty can come in handy when considering repairs and other issues that may arise with the vehicle. Unfortunately, BMW warranties tend to be short in how long they last. If you have a BMW, you might wonder about BMW extended warranty cost. How much is it to continue that coverage?
Read on to learn more about the BMW extended warranty cost. From the plans available to third-party offerings, there are many cost-related factors to consider before making your final decision. Taking care of your BMW is something you should prioritize, but you should also take care to save money when possible.
How Much is BMW Extended Warranty?
When figuring out BMW extended warranty cost, it is critical to know the average price you will pay for the coverage. According to jalopnik.com, the average price for Ford extended warranty is between $2500-$3500. This range of numbers takes into consideration the varying types of extended warranty offered to drivers through BMW.
With a BMW, there are three types of extended warranty you can invest in:
- Powertrain Plus
- Gold
- Platinum
These three plans offer varying levels of coverage and repairs, depending on the price paid.
BMW’s extended warranty cost can be high compared to other vehicles, but repairs on BMWs are expensive. A warranty can assist in reducing that cost and making the repair process much easier and more affordable than without a plan.
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What Are the Costs of Plans Available?
Just like we discussed above, there are three available plans for BMW extended warranty. These come directly through the dealer and can be purchased right away or later on. Each of them offers different benefits and has varying prices. Some are more expensive than others.
According to automoblog.net, each plan has many services and coverages it offers to drivers who invest in BMW’s extended warranty. Read on to learn more about BMW extended warranty cost as it pertains to each plan. You might discover which plan works best for you along the way.
Platinum
Platinum is the highest level of care a BMW can receive through an extended warranty. It costs the most out of all three of the extended warranty tiers, but the coverage you receive is not comparable to any of the other options. Platinum is excellent for those who want their car protected.
Some of the items that come with the Platinum package include:
- Coverage for most systems
- Limited interior and exterior coverage
- Selectable term length
These items make up the Platinum package for the BMW, covering the most ground out of the three available packages.
On average, drivers can expect to pay around $6500 for a 10-year Platinum package. This price is high, but so are repairs that typically go hand-in-hand with investing in a BMW. If you have the money to spare, the Platinum package can be worth it to keep your vehicle in tip-top shape.
Gold
Gold is next in the tier, not the cheapest but not the most expensive. Those who like to settle for a nice middle ground will enjoy the Gold package. There are many features included with this one, though not as many as with Platinum. It’s still an excellent feature, regardless.
Some of the items that come with the Gold package include:
- Coverage for most systems
- Limited interior and exterior coverage
- Selectable term length
These items make up the Gold package for the BMW, providing just a little less than the Platinum package.
On average, drivers can expect to pay around $4000 for a Gold package. It doesn’t cost quite as much as the Platinum package, but it’s still a large sum. The overall price will depend on what you need coverage for, how long you’ll have the warranty, and which style of vehicle you own.
Powertrain Plus
The Powertrain Plus option is last on the list. This one offers the least coverage but is the most affordable. It’s great if you want to add a little extra warranty without going overboard on what you pay. The Powertrain Plus is not to be overlooked as an extended warranty option for the BMW.
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Some of the items that come with the Powertrain Plus package include:
- Coverage for powertrain
- Limited coverage on other systems
- Selectable term length
These items make up the Powertrain Plus package for the BMW, providing your car with decent coverage for a more affordable price.
On average, drivers can expect to pay around $2500 for a Powertrain Plus package. This price will give you the least coverage out of all the plans, but it may be enough for some. If you only think you’ll need a small bit of extended protection for your vehicle, this one will be great for you.
Are Third-Party Extended Warranties Cheaper?
Of course, there is always the option to invest in an extended warranty by a third party rather than straight through the BMW dealer. Many reliable small companies can give you an affordable price along with an extended warranty that will serve you well if you run into a problem.
According to motor1.com, many third-party options are much cheaper than investing in those from a BMW dealer. You will also receive more flexibility and coverage with the amount of time you have the extended warranty deal for on your car. There are many across the country ready to give your car what it needs.
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Conclusion
When you invest in a BMW, the warranty that comes with your vehicle is limited. For this reason, many choose to invest in an extended warranty. Despite the high prices, paying for this service can be cheaper than handing over money for repairs if something goes wrong. BMW fixes can be much more than an extended warranty in many cases.
There are three extended warranty options for you to choose from directly through a dealership - Platinum, Gold, and Powertrain. Each offers different benefits at varying prices. You can also choose to lower your expense by investing in a BMW extended warranty cost from a third-party service. Ensure you do your research beforehand.
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