So I bought a 2018 xDrive 3.5i today with only 32700 miles on it. Dealer tried to sell me the extended warranty at $5.5K and came down eventually to $3.9K.
It adds about $75 to my monthly installment. So wondering whether I should get it or not. The low mileage makes me think I shouldn’t but it is a 5.year old car already.
Thoughts or advice appreciated!
I think with any modern car given the complexity you want some kind of warranty unless you’re setting money aside for repairs.
I’ve heard bad things about third party warranties but the one offered by my credit union beat the dealer on paper hands down. Full coverage to 100k miles/7 years from purchase date, electronics included, way cheaper than BMW, no deductible, and added to the end of the loan instead of increasing the loan principal. Might be worth looking at if something like that is available to you.
That said I bought at ~40k and am at 75k with no issues yet so I can’t speak to the claim process.