Dealer says lending bank won't give me loan to finance unless I get extended warranty for $2000 on 07 bmw 328xi.. Is that legal?

Asked by S2nd2none Jul 23, 2014 at 11:44 PM about the 2007 BMW 3 Series 328xi Sedan AWD

Question type: Shopping & Pricing

Please a response would be greatly appreciated. I'm very interested in the car but idk if
an extra 2k for extended warranty is worth it. Specially since dealer says only way I'll get
loan is by getting warranty.

4 Answers
62,795

BoholMark answered 9 years ago

Probably not. What state do you live in? That sounds like a state issue. Call up your state attorney's office ans ask. Sounds fishy to me.

Mark helpful
62,795

BoholMark answered 9 years ago

Most of those warranties aren't worth it. The only good one's are from the manufacturer. Not "JOE'S STORM DOOR AND EXTENDED WARRANTY COMPANY" Dealers sometimes make more money on the "Back End" Then they do on the car.

Mark helpful

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