KobayashiMaru
Member
Seen one or two M's with this for sale. How much does it cost a month and how good is it? Is it as iron clad as a normal 3 year warranty you'd get from new?
BMW Transferrable Warranty
- Thread starter KobayashiMaru
- Start date
Depends on age / mileage.
Mine was £1100 a year but another car I enquired about was over £3k a year.
No where near a new car warranty but I think it's the best used car warranty I've had.
Other warranty companies will only pay out for a total failure. I've had stuff changed on BMW insured warranty that didn't sound right but still worked.
Mine was £1100 a year but another car I enquired about was over £3k a year.
No where near a new car warranty but I think it's the best used car warranty I've had.
Other warranty companies will only pay out for a total failure. I've had stuff changed on BMW insured warranty that didn't sound right but still worked.
KobayashiMaru
Member
Tempted to keep it going if that's the case, at least for the first year I own it.
KobayashiMaru
Member
srhutch said:
Will be a daily but probably no more than 8k a year. I'll say 10k to allow for extra play time
KobayashiMaru said:
I would probably keep the warranty going for a while if it has one, but drop after 6-12 months. I've had mine 3 1/2 years and other than the probably worthless 3 month warranty that came with it haven't bothered. That's saved me over 4k but I'm ok with spanners etc and only do 2k per year.
I have a leak on my timing chain tensioner, have bought the new seal from BMW @ 74p and will fit in the best week of so. Now BMW don't cover seals so:
A. Not sure if this would be covered
B. Wouldn't cost more than an hours labour from BMW, so unless you have zero excess your going to have to pay anyway.
End of the day it's up to you and you will get folk on here like me who go without, and some that would not be without a warranty.
KobayashiMaru
Member
That's what I'm thinking. Keey it running for 6mths, see how the car is and judge it then. I can have a go at fixing some things myself and have a good indy who can help with maintenance. Guess it's only if something big goes.
srhutch said:
Unless I'm claiming every 4th month - yes (i.e. after 4 months I've saved £250 vs a £0 excess policy). Given that I've never claimed, and only had one leaky seal that was eligible for claim (but at £160 wasn't worth putting through the warranty) - I think I'm quids in
Adamski said:srhutch said:
Unless I'm claiming every 4th month - yes (i.e. after 4 months I've saved £250 vs a £0 excess policy). Given that I've never claimed, and only had one leaky seal that was eligible for claim (but at £160 wasn't worth putting through the warranty) - I think I'm quids in
True, same as my logic on the overall cost.
I've taken the bmw extended warranty on my E89, primarily as an insurance policy against a roof failure. It has a 250 excess too.
I take the view that it will be 'one shot'. An engine or roof. Otherwise pay the repair costs.
Once you have claimed, I assume that the premium will sky rocket.
I take the view that it will be 'one shot'. An engine or roof. Otherwise pay the repair costs.
Once you have claimed, I assume that the premium will sky rocket.