BMW Extended Warranty, Glass, Tire/Wheel Offerings?

[dwl]

What's the consensus on the finance manager offerings (e.g. BMW Extended Warranty, Glass, Tire/Wheel packages)? Isn't my BEV supposed to last forever? ;-)

If they're worthwhile, what's the going rate for a good deal?

Regards,
Dirk

 

[i3Alan]

What's the consensus on the finance manager offerings

Just. Say. No.

Unless you specifically know how to take advantage of one of these plans, then they are a rip off. For example, if you can talk them down to, say 50% off the extended warranty price, and you know you will be driving the car a year and a few thousand miles less than the extension, and you like to sell your cars privately, and the warranty is transferrable to a new owner, and you believe having the warranty will let you sell for more money and more quickly, then do it. However, if you just NEED the insurance, then you probably should not be buying this expensive of car in the first place.

 

[mindmachine]

I never buy an extended warranty, I have never needed one either. My view based on statistical probabilities you are better off over time to save the money and in the event something does happen you can pay for the problem with the fees saved. Over time on you should come out ahead financially. Unless you are really unlucky.

 

[stillageek]

I initially bought the Tire and Wheel protection assuming it covered surface damage and blemishes....it doesn't. I live in Texas. In the last 18 years of driving I've had 2 flat tires. I've never bent a wheel. I cancelled the policy about a week after I bought the car.

 

[dwl]

Thanks everyone!

 

[nostatic]

fwiw, I bought an extended warranty for my R1200GS back in '08. It expires Jun 2015 and was $1K. Two weeks ago I had the ABS light come on. It was due for some other service so I took it to my dealer. Turns out the ABS module was dead and it needed a new one. Parts and labor for that was $2K - covered under the extended warranty. So in my case, it saved me $1K. But it certainly is a roll of the dice, and I haven't gotten wheel/tire warranty on any car I've bought.

 

[mindmachine]

Well then if you tell the dealer you don't think you want the extended car or wheel and tire warranty they try to sell you key fob insurance and tell you how expensive it is to replace one and have it reprogrammed. I know they are costly to replace, but in 50 years of car ownership I have never lost my keys or the fob either. Plus I think the high cost of fob replacement and reprogramming is a really big rip off item. Just my take anyway. I guess there must be a lot of people that loose these as the insurance cost is about equal to the cost of one fob.