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

Asked by andynyc2003 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!

1 Answer

45,195

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 people found this helpful.

Your Answer:

CarGurus Experts

  • #1
    Michael Branan
    Reputation
    1,400
  • #2
    Robert Charlson
    Reputation
    1,050
  • #3
    apbimmer98
    Reputation
    950
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used BMW 3 Series
71 Great Deals out of 1,176 listings starting at $1,995
Used BMW M5
56 listings starting at $26,800
Used BMW 7 Series
9 Great Deals out of 119 listings starting at $5,995
Used BMW X5
47 Great Deals out of 1,134 listings starting at $3,995
Used Mercedes-Benz E-Class
30 Great Deals out of 496 listings starting at $5,700
Used BMW M3
8 Great Deals out of 90 listings starting at $15,995
Used Mercedes-Benz C-Class
98 Great Deals out of 1,455 listings starting at $3,799
Used BMW 6 Series
5 Great Deals out of 63 listings starting at $6,800
Used Mercedes-Benz S-Class
15 Great Deals out of 227 listings starting at $8,977
Used Dodge Charger
38 Great Deals out of 645 listings starting at $4,888
Used BMW X3
43 Great Deals out of 1,013 listings starting at $4,995
Used Audi A6
5 Great Deals out of 117 listings starting at $3,950

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. Content will be removed if CarGurus becomes aware that it violates our policies.