Dealer Owned Warranty

[nparker13]

Does anyone have experience with DOWC (Dealer Owned Warranty) for extending a warranty on a new vehicle? Just bought a X5 50e and was interested in the BMW extended coverage, but the dealer offered this for supposedly less ($5350 for 8 years 100k mi). Curious if anyone else has had positive or negative experiences with it? Seems like they offer similar coverage.

[zachdog]

I don’t have any experience. But I’d consider putting $5000 into a high-yield savings account instead. If you need to make a repair, you have your own funds ready to go. If you don’t, you just began saving for your next car.

[DanG]

I would ask if it covers battery replacement. Most likely the “e” battery will need replacement before the end of 8 years. Also ask what the replacement cost is of the “e” battery. You know the 12 v battery wont last 8 years.

[luv4greenleaves]

Originally Posted by nparker13

Does anyone have experience with DOWC (Dealer Owned Warranty) for extending a warranty on a new vehicle? Just bought a X5 50e and was interested in the BMW extended coverage, but the dealer offered this for supposedly less ($5350 for 8 years 100k mi). Curious if anyone else has had positive or negative experiences with it? Seems like they offer similar coverage.

Did you end up getting it? If so, how has been your experience?

[nparker13]

Originally Posted by luv4greenleaves

Did you end up getting it? If so, how has been your experience?

I ended up cancelling it and I may buy the BMW extended one. I saw other posts where people got decent deals on it from dealerships online

[loochy]

I asked my service advisor about these kinds of aftermarket warranties when I bought my used M8 (not from that dealer).

He told me they are all basically pretty good and that you should always get the highest level plan and he gave me a list of things to make sure is covered (unfortunately, I can't remember all the things). One of the big things I remember is coverage for the infotainment system. When I get home I'll see if I can find the list of things and I'll post it.

[Redacre]

Originally Posted by loochy

I asked my service advisor about these kinds of aftermarket warranties when I bought my used M8 (not from that dealer).

He told me they are all basically pretty good and that you should always get the highest level plan and he gave me a list of things to make sure is covered (unfortunately, I can't remember all the things). One of the big things I remember is coverage for the infotainment system. When I get home I'll see if I can find the list of things and I'll post it.

I just went through an interesting experience about this "list" because my M5 HUD needed to be replaced and the warranty company initially said it was a "projector" and not a "display" and therefore not covered under the list, which of course had a bunch of displays itemized but no projectors. I did appeal the decision and have it covered, but sheesh... it's literally called a heads-up display.

[tturedraider]

Originally Posted by KelseyParks

Am I the only one who always thought that all these guarantees were a scam?

You are not the only one. But, they are not all always a scam. But, they require careful shopping and careful analysis of the risks and the rewards.

To answer the original question. I can’t imagine a circumstance where I would put my trust in a Dealer Owned Warranty, which I presume is 100% supported by the financial stability and the decision making of covered repairs of the selling dealer.

[BlkGS]

They're all insurance policies technically. Fidelity offers a good one.

That said, with the issues the 50e has, I wouldn't bother with it, as the odds are you won't want to keep it past 3 years

[loochy]

Originally Posted by tturedraider

You are not the only one. But, they are not all always a scam. But, they require careful shopping and careful analysis of the risks and the rewards.

To answer the original question. I can’t imagine a circumstance where I would put my trust in a Dealer Owned Warranty, which I presume is 100% supported by the financial stability and the decision making of covered repairs of the selling dealer.

They're not scams. As the poster above me said, they are basically insurance policies with the costs determined by actuaries in order to make a profit, but not be so cost prohibitive as to discourage sale. Just make sure to take a look at the fine print before purchase.

[Highline-Autos.com]

Originally Posted by BlkGS

They're all insurance policies technically. Fidelity offers a good one.

We are Fidelity extended warranty providers, my information is below for coverage lengths, pricing, deductible options and an example contract that explains coverage.

Repairs accepted at all BMW dealerships or licensed independents in the US/Canada.

Trenton O. Gibson
tgibson@highline-autos.com
Highline Autos
Direct: 602.909.9216
Office: 480.348.0777