Wifey is getting ready to buy her first BMW, 2022 540i XDrive CPO w/19k on it. It's always been her dream car to own... I have previously steered her away due to the nightmare stories I've heard about repair costs. We shopped a newer CPO low mileage vehicle to try and avoid the whole extra warranty horseshit.
Here comes the finance guy....
She's pondering the idea of extending the warranty from the dealer 84 months/100k for $4900. They would discount it to $3800 if she bundled it with Ultimate care 5yrs/75k $3800. No discount offered on this one. $7600 Total.
Told us brakes, rotors, wiper blades, spark plugs were covered as well?
Personally, it bugs me that it runs concurrent with the existing CPO warranty.
I did some reading on the ultimate care. It sounds like you're prepaying for repairs in advance?
Also, this needed to be bought at time of purchase? From my digging it appears it can be added before the factory warranty ends.
How well is the car covered with the CPO warranty?
I've dug through some forums and it looks like these coverages can be shopped to other dealers for better pricing?
She drives about 18k a year and will burn through the CPO warranty in less than three years.
How reliable are these cars and is the extra warranty a must have? Considering the rinse and repeat possibility dump it once the CPO warranty is exhausted.
Thanks for any feedback.
I personally will never again buy a German made vehicle ever again.
Both of my BMW 3 and 5 series had issues preventing them from even being rolled to a safe place off the street when they failed and the 5 series only had 50k miles and failed to start for more 3 times including an instance after a brand new battery replacement. Lots and lots of Xmas tree lights constantly going off and on the dashboard too. If you plan to own a BMW please be sure to have a Toyota as a spare since you will definitely need a spare car whenever the BMW is in the shop for repairs and when you get stuck bit able to even start the car. Whoopteedoo you got an extended warranty sure need it since it's gonna be in the shop more than you think.
Good news about BMWs they are probably the best most fun to drive family sedans ONLY WHEN THEY ACTUALLY WORK.
Same with the Audis I owned most fun to drive but had problems stuck after parked wouldn't start many times in for repairs I got suck of it. Audi TT AWD Turbo in the shop more than a KIA and too bad that was a really fun car to drive.
VW had couple of Beetles the misses liked but everything brike off or fell apart in the interior and transmission quit on two of them.
Even had a MINI Cooper what a POS rubbish car that one was. It's a BMW believe it or not with VW low quality fall apart interior and exterior.
Had a couple of Mercedes E320 and C supercharger coupe and nothing but problems too. ML350 horrible SUV always had a strong gasoline smell inside that wouldnt go away interior falling apart, got this one used cost just to replace spark plugs/coils I paid a mechanic $2000.00 just for a tune up yikes. In fact there weren't a single German made vehicle I ever owned that was trouble free.
These German cars are far cry from the super reliable boring Toyotas I previously drove. At least I never had any issues nor ever gotten stranded and unable to start like a of the German cars I owned. Never again.
My advice if you or the spouse really insist on buying a German made car, only buy them brand new never a used one and be damn sure to trade them in before 30k miles. My BMW 5 series started to have serious issues once it hit 40k miles including transmission failure warning on the onboard computer warning data history then followed by totally dead car and nothing I tried would get it started.
Smart these German auto makers really are, who planned to have them fail past 40k miles so rich folks keep on buying and trading them in every year or 2.
I wouldn't recommend buying a used Lexus at least not the early 90's models either even if they're fancy Toyotas. I had an ES 300 and LS 400 early 90's bought in the 2000's all kinds of problems and super expensive to fix. Not as bad as the totally stranded no start German cars though. The later Lexus models are fine to buy certified pre owned from with one owner history with clean Carfax though. The 98-2002 ES300 and 99-2000 LS400 models were excellent reliable cars when bought with under 100k miles. I didn't like the 2003-04 ES300 and 2001-05 LS 430 by comparison though.
I'd recommend buying a new top of the line Toyota Camry with the V6 before they're gone forever or the Lexus version.