Extended warranty question ?? need answer asap

m5dream · 06-17-2023, 07:34 AM

Good morning everyone. I am looking to purchase a 2020 m5. The car is CPO. My question is when can I purchase the platinum extended warranty the BMW offers. Is it possible to purchase it right before my CPO warranty expires? Or does it have to be purchased when I purchased the car.

Rafichicago · 06-17-2023, 08:25 AM

Usually you are able to negotiate better deal outright when purchasing vehicle. There was a member here that would offer reasonable pricing on warranties. Look him up cause unfortunately I don’t remember his nickname.

crypto · 06-17-2023, 08:42 AM

Quote:

Originally Posted by Rafichicago

Usually you are able to negotiate better deal outright when purchasing vehicle. There was a member here that would offer reasonable pricing on warranties. Look him up cause unfortunately I don’t remember his nickname.

Ben? 😂

Rafichicago · 06-17-2023, 08:44 AM

Quote:

Originally Posted by crypto

Ben? 😂

Ha ha hope that is not the guy 🤣that wouldn’t be wise advice on my end.

G-M5 · 06-17-2023, 10:30 AM

Ask for cpo wrap. Usually cheap. Looks like car is being sold at an Autonation dealer.

m5dream · 06-17-2023, 10:40 AM

The car is already a CPO car.

dcohen13 · 06-17-2023, 11:31 AM

I was going to pay for the extended when I bought my CPO M5C at the end of November 2022! They ended up throwing it in for free for me. Basically, I get unlimited miles and up to August 2026 for my 2019 Model M5C.

Try and get the 6 year extended one for free. If not, still worth paying for it in my eyes!

Maverik259 · 06-17-2023, 11:57 PM

They just “threw in” a $7000 warranty? Never heard of an “unlimited mile” platinum level extended warranty. Gonna need your dealers name and number asap with that kind of candy.

damianwo · 06-18-2023, 02:43 AM

Quote:

Originally Posted by dcohen13

I was going to pay for the extended when I bought my CPO M5C at the end of November 2022! They ended up throwing it in for free for me. Basically, I get unlimited miles and up to August 2026 for my 2019 Model M5C.

Try and get the 6 year extended one for free. If not, still worth paying for it in my eyes!

Need details. Had unlimited miles 2 years on my S550 but never heard of 3/4 years unlimited miles on any BMW, especially M cars.

dcohen13 · 06-18-2023, 10:40 AM

See attached. Image showing my original warranty EXPIRED (previous owner), unlimited mile 7 year warranty, and the CPO warranty...both active for me!

m5dream · 06-18-2023, 04:28 PM

Quote:

Originally Posted by damianwo

Need details. Had unlimited miles 2 years on my S550 but never heard of 3/4 years unlimited miles on any BMW, especially M cars.

Sup Damian it’s me rafal lol

Yea bmw offers platinum extended warranty that can be purchased before original warranty runs out. If u plan on keeping ur m5 definitely look into it

23109VC · 06-18-2023, 05:00 PM

Call Steve Thomas BMW in Calabassas, CA. They sell CPO wrap warranties over the phone to anyone. I got a quote from them for $4000 for the CPO “wrap” that adds 2 more years to the standard CPO warranty - for a total of 7 years from when the car was titled.

The selling dealer was giving me crazy prices like $5500-6000…i told them I got a 4000 quote from Steve Thomas and they very reluctantly matched it.

If your dealer won’t match it - just buy it after the fact from any BMW dealer. You can buy it at ANY time as long as you are under FACTORY warranty. NOT under CPO warranty. W/in the first 4 years of factory warranty.

Any dealer can sell it to you..not just the dealer you buy it from.

micvite · 06-19-2023, 12:29 AM

Quote:

Originally Posted by Maverik259

They just “threw in” a $7000 warranty? Never heard of an “unlimited mile” platinum level extended warranty. Gonna need your dealers name and number asap with that kind of candy.

The cpo warranty isn't nearly that much lol and yes you get unlimited mileage with the bmw platinum cpo warranty if you chose to extend past normal cpo warranty. Little loophole you can do if you lease and buy back is have dealer cpo the car for you before buying it back (yes it can be done) then extend warranty for 7 years unlimited miles.

m5dream · 06-19-2023, 06:21 AM

Quote:

Originally Posted by 23109VC

Call Steve Thomas BMW in Calabassas, CA. They sell CPO wrap warranties over the phone to anyone. I got a quote from them for $4000 for the CPO “wrap” that adds 2 more years to the standard CPO warranty - for a total of 7 years from when the car was titled.

The selling dealer was giving me crazy prices like $5500-6000…i told them I got a 4000 quote from Steve Thomas and they very reluctantly matched it.

If your dealer won’t match it - just buy it after the fact from any BMW dealer. You can buy it at ANY time as long as you are under FACTORY warranty. NOT under CPO warranty. W/in the first 4 years of factory warranty.

Any dealer can sell it to you..not just the dealer you buy it from.

Thank you for this info

M5VanHalen · 06-19-2023, 01:05 PM

I was in the same situation a while back. If you get an extended warranty, I highly recommend you get it from a BMW dealer. It might be more expensive, but at least you know the dealer won't have an issue getting reimbursed for covered parts and labor. Biggest issue with aftermarket warranties, is getting them to actually pay.

G-M5 · 06-19-2023, 02:58 PM

Quote:

Originally Posted by m5dream

The car is already a CPO car.

I know thats why i said ask for a CPO Wrap. Its an Autonation Dealer so ask for EasyCare CPO Wrap.

dcohen13 · 06-19-2023, 03:18 PM

Quote:

Originally Posted by Maverik259

They just “threw in” a $7000 warranty? Never heard of an “unlimited mile” platinum level extended warranty. Gonna need your dealers name and number asap with that kind of candy.

It was not totaling up to 7K, and yes they did "throw it in for me" while I went through the finance team of add on's. I use Sterling BMW in Newport Beach. Family owned and extremely nice people. They do not mind the modded cars either. Owner has a nice collection at the dealer as well.

damianwo · 06-19-2023, 06:27 PM

Quote:

Originally Posted by m5dream

Sup Damian it’s me rafal lol

Yea bmw offers platinum extended warranty that can be purchased before original warranty runs out. If u plan on keeping ur m5 definitely look into it

Which Rafal?

m5dream · 06-19-2023, 07:23 PM

Quote:

Originally Posted by damianwo

Which Rafal?

Ur neighbor I had the Gsf before

damianwo · 06-26-2023, 11:28 AM

Quote:

Originally Posted by m5dream

Ur neighbor I had the Gsf before

Did you get your M5 yet?

m5dream · 06-27-2023, 07:13 AM

Quote:

Originally Posted by damianwo

Did you get your M5 yet?

No not yet. I’m looking. For m5 or m3. Evething over priced and 6.5% interest is a joke

06-17-2023, 07:34 AM	#1
m5dream Private 20 Rep 92 Posts Drives: f10m5 Join Date: Jul 2017 Location: chicago iTrader: (0)	Good morning everyone. I am looking to purchase a 2020 m5. The car is CPO. My question is when can I purchase the platinum extended warranty the BMW offers. Is it possible to purchase it right before my CPO warranty expires? Or does it have to be purchased when I purchased the car. Attached Images
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06-17-2023, 08:25 AM	#2
Rafichicago Captain 715 Rep 606 Posts Drives: 2018 M5 2009 E63AMG Wagon Join Date: May 2022 Location: Chicago IL iTrader: (0)	Usually you are able to negotiate better deal outright when purchasing vehicle. There was a member here that would offer reasonable pricing on warranties. Look him up cause unfortunately I don’t remember his nickname.
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06-17-2023, 10:30 AM	#5
G-M5 Second Lieutenant 159 Rep 223 Posts Drives: 2015 M5 , 2019 M5 , 2022 X5 M5 Join Date: Nov 2018 Location: San Francisco iTrader: (0)	Ask for cpo wrap. Usually cheap. Looks like car is being sold at an Autonation dealer.
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06-17-2023, 10:40 AM	#6
m5dream Private 20 Rep 92 Posts Drives: f10m5 Join Date: Jul 2017 Location: chicago iTrader: (0)	The car is already a CPO car.
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06-17-2023, 11:31 AM	#7
dcohen13 Lieutenant 682 Rep 527 Posts Drives: M5 Comp Join Date: Nov 2022 Location: Orange County, CA iTrader: (0)	I was going to pay for the extended when I bought my CPO M5C at the end of November 2022! They ended up throwing it in for free for me. Basically, I get unlimited miles and up to August 2026 for my 2019 Model M5C. Try and get the 6 year extended one for free. If not, still worth paying for it in my eyes!
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06-17-2023, 11:57 PM	#8
Maverik259 Major General 4157 Rep 7,169 Posts Drives: F90 M5 / F15 50i Join Date: Jun 2017 Location: Virginia iTrader: (1) Garage List 2020 BMW M5 [10.00] 2014 X5 50i [0.00]	They just “threw in” a $7000 warranty? Never heard of an “unlimited mile” platinum level extended warranty. Gonna need your dealers name and number asap with that kind of candy. __________________ '07 Yamaha R1 (sold) '06 C55 AMG (sold) ‘?20 M5, MP Carbon Pro Spoiler, MP Carbon Diffuser, MP Black grille and gills, MP Carbon Mirrors, CF side sills, 789M w/ Ti studs, eventuri, Dinan X pipe '14 X5 50i (wife’s now)
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06-18-2023, 10:40 AM	#10
dcohen13 Lieutenant 682 Rep 527 Posts Drives: M5 Comp Join Date: Nov 2022 Location: Orange County, CA iTrader: (0)	See attached. Image showing my original warranty EXPIRED (previous owner), unlimited mile 7 year warranty, and the CPO warranty...both active for me! Attached Images
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06-18-2023, 05:00 PM	#12
23109VC Captain 457 Rep 676 Posts Drives: 2016 X5 Join Date: Nov 2018 Location: SoCal iTrader: (0) Garage List 2018 BMW M550i [7.90] 2009 Acura TL SH-AWD [0.00] 2021 Porsche Cayenn ... [10.00]	Call Steve Thomas BMW in Calabassas, CA. They sell CPO wrap warranties over the phone to anyone. I got a quote from them for $4000 for the CPO “wrap” that adds 2 more years to the standard CPO warranty - for a total of 7 years from when the car was titled. The selling dealer was giving me crazy prices like $5500-6000…i told them I got a 4000 quote from Steve Thomas and they very reluctantly matched it. If your dealer won’t match it - just buy it after the fact from any BMW dealer. You can buy it at ANY time as long as you are under FACTORY warranty. NOT under CPO warranty. W/in the first 4 years of factory warranty. Any dealer can sell it to you..not just the dealer you buy it from. __________________ Sean 2016 X5 sDrive 35i 2018 M550i
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06-19-2023, 01:05 PM	#15
M5VanHalen Private 288 Rep 68 Posts Drives: 2014 BMW M5 Join Date: Aug 2022 Location: Charlotte NC iTrader: (0)	I was in the same situation a while back. If you get an extended warranty, I highly recommend you get it from a BMW dealer. It might be more expensive, but at least you know the dealer won't have an issue getting reimbursed for covered parts and labor. Biggest issue with aftermarket warranties, is getting them to actually pay.
	Appreciate 0 Quote