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 Sedan AWD

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.

Thanks!

2 Answers

274,765

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.

24,695

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

BMW 5 Series Experts

  • #1
    Tom Demyan
    Reputation
    2,240
  • #2
    Michael Branan
    Reputation
    820
  • #3
    Robert Charlson
    Reputation
    700
View All

Related Models For Sale

Used BMW 3 Series
1,117 Great Deals out of 34,033 listings starting at $1,209
Used BMW 7 Series
124 Great Deals out of 5,199 listings starting at $2,995
Used Mercedes-Benz E-Class
532 Great Deals out of 21,630 listings starting at $1,999
Used BMW X5
375 Great Deals out of 16,636 listings starting at $2,800
Used BMW 6 Series
63 Great Deals out of 2,379 listings starting at $5,995
Used BMW M5
6 Great Deals out of 530 listings starting at $8,500
Used Mercedes-Benz C-Class
730 Great Deals out of 25,980 listings starting at $1,995
Used Audi A6
144 Great Deals out of 7,665 listings starting at $900
Used Mercedes-Benz S-Class
113 Great Deals out of 7,471 listings starting at $1,200
Used BMW M3
30 Great Deals out of 1,860 listings starting at $5,495
Used Honda Accord
818 Great Deals out of 88,104 listings starting at $1,444
Used Mercedes-Benz CLS-Class
45 Great Deals out of 2,204 listings starting at $6,000
Used Audi A4
245 Great Deals out of 12,125 listings starting at $1,450
Used Dodge Charger
326 Great Deals out of 35,853 listings starting at $1,999

Used Cars For Sale

2018 BMW 5 Series For Sale
25 Great Deals out of 4,603 listings starting at $45,220
2017 BMW 5 Series For Sale
24 Great Deals out of 611 listings starting at $39,981
2016 BMW 5 Series For Sale
17 Great Deals out of 469 listings starting at $21,599
2015 BMW 5 Series For Sale
64 Great Deals out of 2,184 listings starting at $15,000
2014 BMW 5 Series For Sale
133 Great Deals out of 1,844 listings starting at $13,999

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.