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Discussion Starter · #1 ·
Someone had canceled IX order so I was lucky to get one last weekend. At dealership they were trying to sell extended continental warranty (5.5k), I have never used extended warranty but since this is new vehicle I am thinking about it. Any advice/opinion/experience will be helpful. I really appreciate your help.

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Someone had canceled IX order so I was lucky to get one last weekend. At dealership they were trying to sell extended continental warranty (5.5k), I have never used extended warranty but since this is new vehicle I am thinking about it. Any advice/opinion/experience will be helpful. I really appreciate your help.
Do you need to do that at time of purchase ? In the UK you get the option at the end of the 3 year unlimted mileage warranty for my i8 it was about $1300 per year for full cover $130 excess
Not sure about the battery though which is on a 8 year 100000 mile warranty
 

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Discussion Starter · #3 ·
Do you need to do that at time of purchase ? In the UK you get the option at the end of the 3 year unlimted mileage warranty for my i8 it was about $1300 per year for full cover $130 excess
Not sure about the battery though which is on a 8 year 100000 mile warranty
He was trying to sell me at the time of purchase (USA). I am thinking after 4yr/50k just go back to dealer and may get it as certified (6yr-100k). That way it will be Bmw warranty not third party.
He was asking 5,5k for 75k miles 8 yrs.
 

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8 years / 75k miles is a joke. What is BMW so afraid of? With each motor costing north of $10k-$15k to replace, I would want a drive unit warranty that is at least 120,000 miles. Are you folks aware of the replacement costs for the motors, if you plan on owning past the warranty period? If not, you may want to ask. Same for the batteries. You may find out that the cost of replacing these components down the road may exceed the actual value of your vehicle.

People buy EVs thinking no maintenance, low cost! Nothing could be further from the truth. No oil changes, sure. There are still plenty of components that can and will fail, and expensive low-production motors and batteries that are the first of their kind. You should expect expensive issues both in and out of warranty. My Tesla required four motor replacements over the course of my 120,000 miles of ownership.
 

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You can even get official BMW extended warranty from dealers other than the selling dealer, often for a lot less money. But you don't have to buy it today, usually the price goes up after 12k miles, so you have essentially a full year to decide (unless you really rack up the miles).
 

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You can even get official BMW extended warranty from dealers other than the selling dealer, often for a lot less money. But you don't have to buy it today, usually the price goes up after 12k miles, so you have essentially a full year to decide (unless you really rack up the miles).
Absolutely, and I recommend it - some listed on other forums.
 

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I am a low mileage driver (4-6k mi/year) and they gave me a quote for a 6year/50k miles (so extend the years but not mileage of base warranty) for $3.5k roughly, so I took it.
For me, means I'm warrantied to (and beyond) the length of both my loan and likely length of ownership, so don't need to worry about expensive repairs.

EVs can generally be considered low maintenance, but some of the parts that can go are quite expensive and not necessarily mileage driven wear.

My Tesla Model 3 lost a motor in my year of ownership.. plus charge port door issues at year two.
 

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I dont mind to buy extended warranty, after reading a few threads, still un-clear what I need buy. To purchasing those extended warranties, one need read all fine prints to make sure things are covered. I'd rather go with BMW warranty, given this is new car and new everything (battery, motor, etc), not sure thirdparty knows how to fix those components.
 

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I wasn't going to get it, but I balked going over the paperwork (and my family had a 7 series back in the 90s that was with us for maybe less than a year because of all the bits and pieces falling off--only BMW we ever had because of it) that I went for the 84 month, 75k extended warranty (tad over $5300) for my peace of mind, esp with such a tech heavy car. I may have made a donation to BMW and the insurance company, but if something pricey goes kaput that isn't covered by the standard warranty, then I won't have to worry about it for 74k more miles or 83 months.
 

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Discussion Starter · #16 ·
I Got quote from CarShield 120 per month. No mileage or yr limit as long as i keep the car and payment. For 10 yr it will be $14400 unlimited mileage. That said they have 6k per month limit and battery max replacement is 6k.
 

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I paid 5200 for 10 year/100k. First time ever I’ve bought one. It prorates if sold before it expires too. Dealer specific. Also keep in mind that private coverages are not all expected by bmw dealers. From what I was told some don’t ever pay.
 

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I paid 5200 for 10 year/100k. First time ever I’ve bought one. It prorates if sold before it expires too. Dealer specific. Also keep in mind that private coverages are not all expected by bmw dealers. From what I was told some don’t ever pay.
Good to hear. From a BMW dealer?? I have a little over 1000 miles with my I ask, but I’m entertaining the idea of an extended warranty.
 

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It was a private policy provided through the dealer. They said it was the one they have had good luck with. It read like an ICE policy at first, but then there is a section that says anything not listed in section A-D (Ice stuff) is covered if you get the platinum coverage, which I did. I just figured that I had just spent 115k on a car... and we will keep the car for 10+ years... so let's make sure that the computer with wheels keeps working. I've never gotten add on policies, but this car is different. I also have an M50 arriving around October... I am not 100% sure I will get the policy. I have to finish reading the fine print and determine that it will be worth it - I drive way more than my wife.
 
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