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Owning a BMW is a status symbol for many people. But how expensive is it to maintain one? The short answer is it’s as expensive as you would suspect with a brand like that. In this post, let’s look at some of the things you’ll need to budget for if you own a BMW. Let’s then proceed with useful tips for ensuring your BMW runs smoothly for as long as possible. So, if you’re thinking about buying a Beemer, read on.
The average BMW maintenance cost is more than $1,000 per year. This cost includes oil changes, brake pads, and other routine services. Compare this to the industry average of $652 per year and it becomes clear why maintaining a BMW can be an entirely new ballgame. It can escalate further if you have a more expensive BMW model or don’t keep up with regular maintenance. For example, replacing the engine can easily set you back anywhere between $3,000 and $5,000.
If you’re wary of paying this kind of money for repair costs, you can protect yourself by securing an extended warranty. An extended warranty is a service contract that helps cover the cost of repairs after your manufacturer’s warranty expires. Many dealerships offer them. There are also plenty of third-party insurance providers that provide this service. They can be a great way to keep your maintenance costs down. CarShield is a company known for offering this service. If you want to learn more about the company and the experiences of previous clients, read as many CarShield reviews as possible.
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