[asphaltgambler]

Being that I have been in the business it would take a lot for me as a consumer to buy one from a dealer. In 2007 as the housing crisis tsunami was starting and credit was tightening I saw 3 very big aftermarket mechanical warranty companies go belly-up with a large independent BMW dealer here in Va. The retail cost to the customer could be as high as $4500+ depending on what car they bought and the extent of coverage.

Ultimately the dealership had to compose 'that' letter to all their customers who bought them that they were on the hook for any repairs because the company was no longer in business and that any questions / issues should contact them directly.

So imagine you just purchased a $65K late model used BMW750 with close to $5k added for the warranty and then have the dealership less than a year later say: "Oh well"...................


Almost all mechanical warranties have specific verbiage where the obvious wearing parts that frequently fail are not covered at all.