Purchased a 2021 330i with 24k miles from CarMax. Carfax shows it was previously a lease but it has no service history. I don’t drive much (maybe 5-7k a year) so I’m not sure if it’s worth purchasing the warranty. It will be 5 years for $2900 with a $300 deductible.

What would you guys do in my situation? Should I just purchase it for the peace of mind or is it a rip off? Would like some advice.

Thanks

  • michaelalex3@alien.topBEnglish
    1·
    1 year ago

    With that high of a destructible it’s basically just insurance against a catastrophic failure. IMO at that mileage and yearly usage you probably won’t get that money back. However, knowing that if something like an engine failure happens you will be covered sounds worth it to you, go for it. Or if you simply don’t have the 5-10k sitting around to cover a repair like that. But do note the chances of a failure like that happening are very very small.