Extended Service Contract - worth it??

[F15Fan]

Hey guys, just purchased a 2014 5.0 - excited to get in the truck, set to arrive sometime next week.

During the finance process, the dealer offered an extended service contract to complement the CPO warranty for about $2500 - I think I could have squeezed him some more. The car currently has 35k miles and I plan to drive it about 20k a year. My question is - is it worth it? How much do these cars cost to maintain (this is my first BMW) - the finance manager said the brakes on this particular car cost $3k - any truth to that?

Thanks!

[Flying Ace]

rarely, IIRC, you need 2 brake rotor changes to get your money back for that extra year, likely not going to happen. A brake change is about $1k if you use OE parts and take it to an indy.

[TheIceStormOf06]

Originally Posted by F15Fan

Hey guys, just purchased a 2014 5.0 - excited to get in the truck, set to arrive sometime next week.

During the finance process, the dealer offered an extended service contract to complement the CPO warranty for about $2500 - I think I could have squeezed him some more. The car currently has 35k miles and I plan to drive it about 20k a year. My question is - is it worth it? How much do these cars cost to maintain (this is my first BMW) - the finance manager said the brakes on this particular car cost $3k - any truth to that?

Thanks!

There are many threads about this...

Are you saying you bought a service(warranty) contract or extended contract? There's a difference. What's the duration of the service contract in terms of miles over 4/50? Also, you can have a BMW dealer do the brakes for $1300 incl labor. I believe the brakes last 30-40k. Based on the fact you have 35k on the clock, you will probably need a brake change before 50...however, being a 2014, that should be covered(I believe).

But there are also maintenance items to consider...brakes, oil, batteries, filters...etc.

[puckybadger]

2014 F15's qualify for a 7 year/125000 mile extended maintenance contract. If you plan on having the vehicle for 4+ years buy it, like I did ($2800). Probably 2 brake jobs, 2 plug changes, fluids, filters, wipers, etc

[MotoWPK]

Puckybadger, do you have some specifics comparing these such as what scheduled maintenance 125K miles is called for (that is covered by the maintenance package) and the cost vs. the cost of the package?

[98PoleCat]

Originally Posted by F15Fan

Hey guys, just purchased a 2014 5.0 - excited to get in the truck, set to arrive sometime next week.

During the finance process, the dealer offered an extended service contract to complement the CPO warranty for about $2500 - I think I could have squeezed him some more. The car currently has 35k miles and I plan to drive it about 20k a year. My question is - is it worth it? How much do these cars cost to maintain (this is my first BMW) - the finance manager said the brakes on this particular car cost $3k - any truth to that?

Thanks!

Depends how much work you'll do yourself and/or farm out to an indy.

OEM brakes for all BMWs are expensive. There are cheaper (and arguably better) aftermarket options out there.

[puckybadger]

Originally Posted by 98PoleCat

Depends how much work you'll do yourself and/or farm out to an indy.

OEM brakes for all BMWs are expensive. There are cheaper (and arguably better) aftermarket options out there.

I see you like my friend Bucky.

[puckybadger]

Originally Posted by MotoWPK

Puckybadger, do you have some specifics comparing these such as what scheduled maintenance 125K miles is called for (that is covered by the maintenance package) and the cost vs. the cost of the package?

If brakes are $1000 the plan will pay for 2. Plugs for the 4.4 are $500, then you get 2 sets (every 60K). Oil/filter every 10K @ $130 per, you get an extra 6. Other filters and at least one brake fluid flush. Its a value.

[Flying Ace]

Originally Posted by puckybadger

If brakes are $1000 the plan will pay for 2. Plugs for the 4.4 are $500, then you get 2 sets (every 60K). Oil/filter every 10K @ $130 per, you get an extra 6. Other filters and at least one brake fluid flush. Its a value.

if you DIY, or use indy labor, it's only breakeven...if you sell your car or don't drive enough, it wouldn't have paid off.

[TheIceStormOf06]

I just noticed you are thinking about the X5 4.4. That changes everything. I'd get it!

[malicem3]

Curious what 2014 owners are having to replace. Anyone care to share their experience? Goes hand-in-hand with service contracts.

[Rich15-50i]

Originally Posted by F15Fan

Hey guys, just purchased a 2014 5.0 - excited to get in the truck, set to arrive sometime next week.

During the finance process, the dealer offered an extended service contract to complement the CPO warranty for about $2500 - I think I could have squeezed him some more. The car currently has 35k miles and I plan to drive it about 20k a year. My question is - is it worth it? How much do these cars cost to maintain (this is my first BMW) - the finance manager said the brakes on this particular car cost $3k - any truth to that?

Thanks!

Just purchased a 2015 50i w/17k miles in Dec. 2016, you're going to love it! First thing to do is have your sales person pull the "Warranty Vehicle Inquiry". If they claim it's confidential, that't dealer B.S., as I have mine. It will show ALL warranty work and service on the vehicle. See some bad history, or missing call backs, the earlier v8s had major recalls, walk away, fast. Check servicing, did the PO make their servicing on time, or is that X5 running on its second oil change? Depending on the first service date you may still have "bumper to bumper" time remaining on service and warranty. Look into cost for extended CPO services. Last time I checked standard CPO does NOT cover most electrical, suspension or brakes.

Be sure to receive any claims from sales person or manager in writing, company letterhead, as I have found they tend to forget promises made

[ronmexico385]

Originally Posted by malicem3

Curious what 2014 owners are having to replace. Anyone care to share their experience? Goes hand-in-hand with service contracts.

We bought a 2014 35i with 38k 3 months ago. IIRC, the original owner had replaced a battery and front brakes, to that point in the cars life.