Deal on extended warranty or sell?

sbash · 12-07-2018, 03:08 AM

Hi guys. My 2016 DG X5m lease is up at the end of this month. Because I've really loved the car, have had only minor issues and have low miles (~27,000), I'd like to get a price on a full coverage BMW backed warranty. Any suggestions on who to call?

My sticker MSRP was around $107,xxx and BMW is offering to sell it to me for $59,000. I'd have to add warranty on top of that. Selling dealer offered to CPO it for a little over $2500, but that only takes me out for another 2 years (4 years factory plus 1 year CPO).

What are your thoughts on it? Any suggestions on getting best price on the highest tier warranty or would you just sell?

Thanks

DgjoX6M2016 · 12-07-2018, 06:09 AM

CPO for 61500 seems like a great deal. Add in maintenance plan perhaps.

It's not like these cars fly apart after the warranty!

tastelid · 12-07-2018, 08:32 AM

Quote:

Originally Posted by DgjoX6M2016

CPO for 61500 seems like a great deal. Add in maintenance plan perhaps.

It's not like these cars fly apart after the warranty!

I dunno, owning any M car outside of warranty seems like asking for big expenses eventually. High performance cars arent *more* reliable than usual.

baxter3221 · 12-07-2018, 03:31 PM

That sounds like a pretty good price on the buyout. I personally wouldn't spend $2,500 on a year of CPO, I'd put that money towards an extended warranty. Even then, you'd be below what seems to be the market price for a similar car.

sruss2354 · 12-17-2018, 05:52 PM

i'd think you could sell private with that low of miles and get around 65-70k. Since your mileage is so low though, you likely won't have any major mechanical issues coming up. I'm at 37k and have no issues at all.

Your call. You might be able to make some extra cash and roll that into a new one. I'd say shop around for another warranty (I paid 4k for a 5yr. 100k warranty) and in that case hold until the 2020 X5M rolls out. No point in buying a 2018 now unless you really just want a brand new one. here in UT, the tax rate will eat up all the benefit of buying sometimes so factor that in. but that might not be a factor in your state.

Kraftwerk AG · 12-17-2018, 06:24 PM

Quote:

Originally Posted by baxter3221

That sounds like a pretty good price on the buyout. I personally wouldn't spend $2,500 on a year of CPO, I'd put that money towards an extended warranty. Even then, you'd be below what seems to be the market price for a similar car.

I'm with baxter on this. The buyout price is more than fair imo. Skip the CPO and shop around for an extended warranty instead from different dealerships, as this is negotiable & not set in stone. Also factor in how long you plan to own this vehicle when buying the extended warranty.

DgjoX6M2016 · 12-17-2018, 06:51 PM

Don't you still have a full year in bumper to bumper? Seems like a no brainer at 59k. But it. Drive the hell out of it. And then sell it before factory warranty is up.

sbash · 12-18-2018, 02:07 AM

Quote:

Originally Posted by DeeO

I'm with baxter on this. The buyout price is more than fair imo. Skip the CPO and shop around for an extended warranty instead from different dealerships, as this is negotiable & not set in stone. Also factor in how long you plan to own this vehicle when buying the extended warranty.

The best price on BMW-backed Platinum warranty that I've found is ~$6,100 for 3 years with a total of 75,000 miles, or $6,900 for 3/100K. At that point, the vehicle would be 7 years old. 2012 XM 5 are selling for around $20,000. Could I expect a 2016 to sell for any more than that at 7 years old?

If those numbers work out, then to drive a 3 year to < 7 year old car an additional 4 years would cost me roughly $45,000 (59K + 6K = 65K - 20K). Added to that would be the unknown maintenance cost for 3 years.

In comparison, driving a 0 - < 3yr old XM 5 has cost me roughly $45,000.

Does it even make sense to buy it versus lease another one? If the residual value of the 2016 is much more than the 2012 than I figured, then maybe.

Your thoughts?

Kraftwerk AG · 12-18-2018, 12:10 PM

Let's face it, these M's are a heavily depreciating asset to be sure. However, if you were to set aside or invest that $6100-6900 you were quoted for future repairs, instead of locked into a warranty plan, you may come out ahead on this. This generation F85 is much more reliable than the previous gen E70. Or at the first sign of major trouble (doubtful), sell it. It's your call of course.

12-07-2018, 03:08 AM	#1
sbash Enlisted Member 25 Rep 44 Posts Drives: 2016 Donington Grey X5 M Join Date: Jan 2016 Location: KY iTrader: (0)	Deal on extended warranty or sell? Hi guys. My 2016 DG X5m lease is up at the end of this month. Because I've really loved the car, have had only minor issues and have low miles (~27,000), I'd like to get a price on a full coverage BMW backed warranty. Any suggestions on who to call? My sticker MSRP was around $107,xxx and BMW is offering to sell it to me for $59,000. I'd have to add warranty on top of that. Selling dealer offered to CPO it for a little over $2500, but that only takes me out for another 2 years (4 years factory plus 1 year CPO). What are your thoughts on it? Any suggestions on getting best price on the highest tier warranty or would you just sell? Thanks
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12-07-2018, 06:09 AM	#2
DgjoX6M2016 F86, G05, E91 455 Rep 778 Posts Drives: F86 X6M Join Date: Oct 2018 Location: CT iTrader: (0)	CPO for 61500 seems like a great deal. Add in maintenance plan perhaps. It's not like these cars fly apart after the warranty!
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12-07-2018, 03:31 PM	#4
baxter3221 Second Lieutenant 16 Rep 217 Posts Drives: 2016 X5M Join Date: Jun 2010 Location: Nanuet, NY iTrader: (1)	That sounds like a pretty good price on the buyout. I personally wouldn't spend $2,500 on a year of CPO, I'd put that money towards an extended warranty. Even then, you'd be below what seems to be the market price for a similar car. __________________ 2016 X5M - White/Red Supercharged 2008 E92 M - Sold
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12-17-2018, 05:52 PM	#5
sruss2354 Private 16 Rep 84 Posts Drives: 2015 X5M & X5 50i M-Sport Join Date: Dec 2017 Location: UT iTrader: (0)	i'd think you could sell private with that low of miles and get around 65-70k. Since your mileage is so low though, you likely won't have any major mechanical issues coming up. I'm at 37k and have no issues at all. Your call. You might be able to make some extra cash and roll that into a new one. I'd say shop around for another warranty (I paid 4k for a 5yr. 100k warranty) and in that case hold until the 2020 X5M rolls out. No point in buying a 2018 now unless you really just want a brand new one. here in UT, the tax rate will eat up all the benefit of buying sometimes so factor that in. but that might not be a factor in your state.
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12-17-2018, 06:51 PM	#7
DgjoX6M2016 F86, G05, E91 455 Rep 778 Posts Drives: F86 X6M Join Date: Oct 2018 Location: CT iTrader: (0)	Don't you still have a full year in bumper to bumper? Seems like a no brainer at 59k. But it. Drive the hell out of it. And then sell it before factory warranty is up.
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		BMW X5 and X6 Forum (F15/F16) > BMW X5 (F15) and BMW X6 (F16) Forum > BMW X5M (F85) and X6M (F86) Forum
Deal on extended warranty or sell?

12-18-2018, 12:10 PM	#9
Kraftwerk AG Major 460 Rep 1,025 Posts Drives: Mein F Fünfundachtzig Einhorn Join Date: Mar 2017 Location: RIP Florian Schneider-Esleben iTrader: (8)	Let's face it, these M's are a heavily depreciating asset to be sure. However, if you were to set aside or invest that $6100-6900 you were quoted for future repairs, instead of locked into a warranty plan, you may come out ahead on this. This generation F85 is much more reliable than the previous gen E70. Or at the first sign of major trouble (doubtful), sell it. It's your call of course.
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