09-18-2023, 08:39 PM | #1 |
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My new M550 and CPO warranty question
Hey guys! Very excited to have joined the club with my new to me 2021 M550. I am absolutely thrilled with this car it’s fantastic and by far the best thing I’ve driven. It’s individual Aventurin red with cognac interior. It’s got the dynamic handling package, Bowers and Wilkins, driving assistance plus, parking assist, executive package and the 20 inch wheels on non run flats.
It’s a CPO with 15k miles and about 2 years 4 months of warranty including the CPO year. I’m wondering what a good price would be for the 2 year CPO extension which I definitely want to purchase. Does anybody have experience with this as I’m planning to sit down with my local dealer to negotiate on this. Thanks in advance for the help! |
09-18-2023, 09:37 PM | #2 |
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Lovely car! Congrats and welcome. Many of us have opted for the Route 66 warranty. There is a nice thread on it here. I don't have advice on the BMW warranty as I have never purchased one.
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2020 M550i (G30) | Carbon Black/Black Nappa | DHP | DAP | Executive | Luxury Seating | Park Asst | Ceramic Controls | Front/Rear Heated Seats | 20" 668M wheels
2021 X3 (G02) | Dark Graphite Metallic/Cognac | Premium | DAP | Front/Rear Heated Seats Sold/Retired: 2012 328i (F30) |
09-19-2023, 04:36 AM | #3 | |
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09-19-2023, 07:47 AM | #4 |
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Congrats! Beautiful spec and optioned exactly the way I would.
Two more years of CPO is going to run you $4,000 right now. You don't need to do anything now as you can buy two more years pretty much on the last day of your current CPO, but not after. Search here for the Route 66 thread. I may have started it (can't remember) but I am all over it. It's cheaper, covers much more and is for 7 years. You can still bring your car to the dealer or anywhere else for the matter. Fellow Mass guy here as well. I will keep an eye out for you, that's a spec you don't see much. I live in Wakefield and work in Burlington. Here is mine, can't miss me.
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Prior BMW's: 1987 325e|1993 740i|1998 740il|2001 530i|2002 745li|2007 750li|2006 750li|2001 530i|2012 535xi| Last edited by Joe-BMW33; 09-19-2023 at 07:53 AM.. |
09-19-2023, 09:26 AM | #5 | |
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09-19-2023, 10:13 AM | #6 | |
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Tell me you got the wheel and tire insurance?? I have not had a blowout and my car is also optioned with non-runflats, but I drive defensively. In terms of wear, I had about 25k miles on my PSS's and they still had thread. Fronts were worse than the rear. My Service Advisor was able to get me two new front tires a few months ago as part of a Wheel and Tire insurance claim. I slightly rashed my right front. She got the insurance company to fix the wheel rash, straighten two of the four rims and put two new PSS's upfront. I still have decent tread on the rears, but I'm hopeful she will find a way to get me two new tires back there next Spring. W&T insurance already paid for itself and more.
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09-19-2023, 10:29 AM | #7 |
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Beautiful color combination that I would have snapped up myself if I were looking. While my G30 is Carbon Black with Cognac, my Corvette Z06 is a very similar combination to yours which Chevy called Long Beach Red with Kalahari. Enjoy it! --Bob
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09-19-2023, 11:12 AM | #8 | |
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09-19-2023, 11:20 AM | #9 | |
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On my M550 I got 3 years for $1900. This includes cosmetic damage coverage. It's from All State sold to me at the dealer I bought the car from. Pretty good deal. You will bend the 668's easily on our shitty roads and blow some tires.
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09-19-2023, 09:28 PM | #10 | |
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09-19-2023, 10:56 PM | #11 |
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The last time I checked one of the best places to get the extended wrap warranty to push the CPO out to seven years from the initial in-service date is Steve Thomas Bmw in Calabassas. They sell the warranties and are very competitive on prices. I am guessing you would be at about 4000 max.
That would get you out to seven years and unlimited mileage from the date your car was first titled. I would highly recommend adding this warranty as these cars can be expensive to service when the factory warranty runs out. As an example, my 2018 M550 is currently under the extended CPO warranty. About a month ago my air conditioner was having problems and was blowing hot air. I took it in for service and they diagnosed the evaporator was leaking that required them to remove everything from the seats forward and I mean everything. They had to remove the center console the steering wheel, the dash everything from the firewall back to the back seats. My car was gutted. It took the dealership a week to do the repairs and the Service Advisor told me if I did not have warranty coverage it would’ve been six or $7000. I had the extended CPO coverage and they paid for everything. I got my car back. Everything is perfect the air conditioner blows ice cold, and there are no squeaks or rattles in the dash despite everything coming out. I know the picture is low quality. I grabbed the steel image from the video. The Service Advisor sent me, but you can see pretty much everything inside. My car was removed. Do yourself a favor and spend $4000 to have your car covered all the way up to seven years and unlimited mileage. My extended warranty has already paid for itself
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09-19-2023, 11:14 PM | #12 |
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That’s pretty good. How did you find the plan? I don’t have W&T. I have 19” wheels but I finally did have one bubble. Luckily I just bought them, so road hazard covered it. I just paid labor. I’ve had to replace one or two on my X7. Ouch.
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09-20-2023, 06:08 AM | #13 |
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Nice. Mine is up April 2024 and I will do the same. That is a great deal. Does it cover accidental cosmetic damage? That was an add-on to mine.
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09-20-2023, 06:13 AM | #14 | |
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I have not made a claim yet, so we shall see. Others have with success and my SA said they were great to deal with.
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09-20-2023, 09:15 AM | #16 |
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Jesus, that is a great deal. Did you go to a AAA office or do it all online?
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09-20-2023, 09:40 AM | #18 |
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If you get a similar price and suspension coverage? Wow. I didn’t look into Route 66 but definitely compare prices and if it’s comparable they may be a better deal
Than bmw extended CPO! The BMW extended warranty does not cover suspension components or bushings when my car was getting the $7000 evaporator repaired. I did have to replace one engine mount and that ran about 800 bucks out of pocket parts and labor.
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09-20-2023, 10:08 AM | #19 | |
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We shall see when I have a claim though. With BMW, you know what you are getting. $3200 for 7 years or 120,000 miles was hard to pass up. Includes infotainment too. The only thing it does not cover that concerns me is lighting. The halos or angel eyes in these headlights is known to fail. I don't think CPO covers that either.
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