Extended warranty on a 2009 5er?
Is this a good thing? Should we purchase an extended warranty, since the rig is 8 years old?
Forum Discussion
Put the money you would spend on the e/warranty into a bank account, add to it a little each month. Makes a nice cushion for repairs.
Warranty companies like to take your money, they do not like to pay out. They will blame it on "lack of maintenance" etc. Or for example, say you have a tire blow out. The warranty may pay for the tire but not for the collateral damage to the body or wheel well that the tire caused.
If the dealer is offering the warranty, you can bet he is making some money from it. Free money for a little paper work.
Warranty companies like to take your money, they do not like to pay out. They will blame it on "lack of maintenance" etc. Or for example, say you have a tire blow out. The warranty may pay for the tire but not for the collateral damage to the body or wheel well that the tire caused.
If the dealer is offering the warranty, you can bet he is making some money from it. Free money for a little paper work.
