Extended Warranty for 2001 740iL
first post from a complete newbie...have mercy please! After being inspired over the years by several ultimate driving experiences in Germany on business trips (most recently in a Z4..too bad they ran out of Opels..) I just made my first foray into the world of BMW ownership. Bought a 2001 740il with 77,000 miles. Everything seems to work, runs great, and I love the way it looks, handles and runs.
My question to the forum members, who for the most part have forgotten more BMW knowledge than I have: should I get an extended warranty? The local BMW dealer has quoted me $3200 for a 36/36 bumper to bumper warranty. Sure it seems like a lot of money, but I'm tempted to pony up for 3 years of (relative) piece of mind. I've read enough repair horror stories to be concerned. I was able to buy the car for a fair amount less than book value, so i could pay the $3200 and still have a good cost basis.
Any real-world experience on repair expenses for this vintage appreciated...I have a feeling it may inspire me to invest in the insurance.