I also have a 2006 750 Li and have the extended warranty from the BMW dealer. The warranty is both service and repair. It cost 6K and has 150,000 on repairs and 100,000 on service. Repair is the Easy Care - Gold 36 Months with $250 deductable. Service warranty is BMW Maintance program for 72 Months or 100,00 Miles. 72 Months is from date car was placed in service and covers everything the original warranty covered.