Worth getting Global extended warranty on used 2011 BMW X3 with 145k?
Hi all,
I'm fairly green to the used car market, but have recently honed in on on a decently priced 2011 BMW X3 28i with 145,000km via the dealer. Between bartering and discounts, I've got on offer for $12,700 plus tax and warranty.
It's actually in great shape - Single owner, regularly maintained at the dealer, with no major issues. Physically, it looks to be in great shape. The records show no accidents, and there haven't been any red-flag repairs in the past.
Now my question is, whether I should opt for the extended warranty. I've done a lot of research on the forum, and the general consensus seems to be that they're not worth the price (high resistance to paying for repairs, lots of things in the fine print that aren't covered, and in general it seems that most of these companies try to wring you out to prevent paying). That being said, I've also read about good experiences with these warranties too.
However, given that this is a BMW (albeit, well maintained) with higher kilometers, I'm wondering whether it would be smart to get the warranty in this case (I'm anticipating having to pay $1000/year on average for routine maintenance anyway). The only thing not covered which I anticipate might need replacing in the future are the front brakes (i.e. "wear and tear" parts).
For some base details, I was quoted an extended warranty by the company Global. They offered me the "4-star Ultimate Drive Package", which essentially covers *everything* minus wear-and-tear parts. This would be 4 years/80,000km for $4000. I'm getting a $1500 discount on the car that they've taken partially out of the warranty, and partially out of the car price.
- here is a link to pdf with the fine print http://www.globalwarranty.com/documents ... _CA_GW.pdf
- I've attached an image of the basics that the 4-star package covers.
Any input on whether this would be worth it would be greatly appreciated. I'll be moving away from my home town for a year in the near future, so the peace-of-mind of having things covered should anything go wrong is what's pushing me especially in favour of getting the warranty. Thanks!
I'm fairly green to the used car market, but have recently honed in on on a decently priced 2011 BMW X3 28i with 145,000km via the dealer. Between bartering and discounts, I've got on offer for $12,700 plus tax and warranty.
It's actually in great shape - Single owner, regularly maintained at the dealer, with no major issues. Physically, it looks to be in great shape. The records show no accidents, and there haven't been any red-flag repairs in the past.
Now my question is, whether I should opt for the extended warranty. I've done a lot of research on the forum, and the general consensus seems to be that they're not worth the price (high resistance to paying for repairs, lots of things in the fine print that aren't covered, and in general it seems that most of these companies try to wring you out to prevent paying). That being said, I've also read about good experiences with these warranties too.
However, given that this is a BMW (albeit, well maintained) with higher kilometers, I'm wondering whether it would be smart to get the warranty in this case (I'm anticipating having to pay $1000/year on average for routine maintenance anyway). The only thing not covered which I anticipate might need replacing in the future are the front brakes (i.e. "wear and tear" parts).
For some base details, I was quoted an extended warranty by the company Global. They offered me the "4-star Ultimate Drive Package", which essentially covers *everything* minus wear-and-tear parts. This would be 4 years/80,000km for $4000. I'm getting a $1500 discount on the car that they've taken partially out of the warranty, and partially out of the car price.
- here is a link to pdf with the fine print http://www.globalwarranty.com/documents ... _CA_GW.pdf
- I've attached an image of the basics that the 4-star package covers.
Any input on whether this would be worth it would be greatly appreciated. I'll be moving away from my home town for a year in the near future, so the peace-of-mind of having things covered should anything go wrong is what's pushing me especially in favour of getting the warranty. Thanks!