2007 BMW 530xi, Do I need the extended warranty?

Asked by May 10, 2014 at 01:07 AM about the 2007 BMW 5 Series 530xi

Question type: Maintenance & Repair

Just purchased the used 2007 BMW 530xi, it has 75000mi on it.  Bought it from Audi
dealership.  Just wonder is it worth to purchase the extended warranty for 24
month/24000mi with the cost of $3850?  I have included it the contract, but if it's not
needed, I have 60 days to cancel.


2 Answers


I personally don't like them. Most times they don't cover what fails or goes wrong anyway. Put the money away that you would pay on the warranty and use that if you need it for repairs. Just my opinion.


I agree with Tom, word for word- I would add, that buying a used car is a gamble, and a BMW is cool, but can be expensive if it needs a major repair- this is why the rich folks (richer than me) buy the German cars new, then unload them after 6 or 7 years- even though they have the money, they know how to gamble, and they play the odds because they do not want those enormous (potential) repair bills- if you and I are buying their "throw aways" the odds are considerably worse for us- so forgo the expensive "warranty" (which is certain money for the dealership and the warranty company)- but understand, you are gambling with big money and it COULD turn around and bite you-

1 of 1 people found this helpful.

Your Answer

Add photo

Related Questions

Search BMW 5 Series Questions

BMW 5 Series Experts

#1 Tom Demyan
Tom Demyan
Reputation 2,090
#2 Michael Branan
Michael Branan
Reputation 780
#3 Robert Charlson
Robert Charlson
Reputation 690
View All

Related Models For Sale

Used BMW 3 Series
1,023 Great Deals out of 31,415 listings starting at $1,000
Used BMW 7 Series
161 Great Deals out of 6,103 listings starting at $2,740
Used Mercedes-Benz E-Class
432 Great Deals out of 19,613 listings starting at $1,200
Used BMW X5
460 Great Deals out of 14,704 listings starting at $1,499
Used BMW 6 Series
84 Great Deals out of 2,841 listings starting at $6,990
Used Mercedes-Benz C-Class
630 Great Deals out of 24,689 listings starting at $1,995
Used BMW M5
30 Great Deals out of 635 listings starting at $12,995
Used Audi A6
135 Great Deals out of 6,091 listings starting at $2,488
Used BMW M3
36 Great Deals out of 1,332 listings starting at $5,995
Used Mercedes-Benz S-Class
172 Great Deals out of 6,316 listings starting at $2,000
Used Audi A4
308 Great Deals out of 10,498 listings starting at $1,000
Used Honda Accord
1,051 Great Deals out of 66,933 listings starting at $1,000
Used Dodge Charger
533 Great Deals out of 28,458 listings starting at $2,500

Used Cars For Sale

2018 BMW 5 Series For Sale
822 listings starting at $52,340
2017 BMW 5 Series For Sale
6 Great Deals out of 3,858 listings starting at $49,841
2016 BMW 5 Series For Sale
22 Great Deals out of 762 listings starting at $28,000
2015 BMW 5 Series For Sale
19 Great Deals out of 427 listings starting at $20,999
2014 BMW 5 Series For Sale
170 Great Deals out of 3,612 listings starting at $15,500

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.