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That WILL be covered. I had an extended warranty for five years when I had an E46 M3 and it was comprehensive. It DOES depend on which type you opted for, though, as there are drivetrain only warranties which likely would not cover this. Which did you get?
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2017 F87 M2, MG, M-DCT
2002 E36/7 Z3 2.2 Sport 5MT
2016 F22 M235i Coupe, MW, ZF8
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