BMW vote of no confidence?

When i first bought my M coupe it still had AUC warranty...

I thought i may continue it,just for peace of mind..

Here was my quote..

BMWwarranty_zps871eb820.png


Considering that nothing has gone wrong with it,the warranty company could have had the best part of £7000 out of me...lol...
 
I stopped paying the warranty two years ago and pocketed the difference. Already a few K up in my war chest which part funds additional preventative maintainance.

As a second car it could be taken off road for more specialist or substantial repairs if required.
 
Over a grand a year and rising You could buy I new M\\ in less time than I plan to own mine. The car cost around 2k a year to run+ petrol why nearly double it.

FYI A neighbour, who bought a 350Z new in 2004 has just paid £2600 on repairs and it's still broke. Got to love fast cars. :cry:
 
Agreed, I'm thinking of cancelling mine and banking the £1k a year.

The main worry is the rod bearings, not sure if this just affects track cars or not.
 
DPG said:
Agreed, I'm thinking of cancelling mine and banking the £1k a year.

The main worry is the rod bearings, not sure if this just affects track cars or not.
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But if you bank it, you will soon have enough to cover it if it happens. I'm roughly 3.5k up on the 1k pa I was quoted.

I need a new ignition switch (not barrel). Now doubt through warranty this would be £200 plus, but you can pick them up for under a tenner, so it also comes down to how handy you are with spanner so etc.
 
My personal experience of the BMW Warranty is that they will try to wriggle out of almost any claims - everything is "trim" or "glass" or some other exclusion. Just look at the difficulties that many people on here have had when their roof motor has failed - with one or two exceptions, BMW have refused a warranty repair.

When I first bough a BMW warranty (a number of years ago now), it was worth having - basically, if the car broke, they fixed it. These days it is so much hassle to try to get any claims approved that I have cancelled the warranty on my Z4M, and will probably do the same on my M5 and my wife's MINI Cooper S at renewal.

The difficulty in claiming on the warranty is the primary reason why I bought a Lexus as a daily driver (£495 for TWO years warranty on a 2008 car, and from what I've read on the Lexus forum it's very rarely needed!)
 
I was just quoted £1200 for my X5 to extend the warranty, the car only has 14k miles on it. I declined.
 
I never renewed the AUC warranty on my old z4, they did try the old scare stories of how much an engine cost etc but I jsut ignored them.

Citroen extended warranty - £220 per year, yes did that :lol:
 
ZedFourM said:
My personal experience of the BMW Warranty is that they will try to wriggle out of almost any claims - everything is "trim" or "glass" or some other exclusion. Just look at the difficulties that many people on here have had when their roof motor has failed - with one or two exceptions, BMW have refused a warranty repair.

When I first bough a BMW warranty (a number of years ago now), it was worth having - basically, if the car broke, they fixed it. These days it is so much hassle to try to get any claims approved that I have cancelled the warranty on my Z4M, and will probably do the same on my M5 and my wife's MINI Cooper S at renewal.

The difficulty in claiming on the warranty is the primary reason why I bought a Lexus as a daily driver (£495 for TWO years warranty on a 2008 car, and from what I've read on the Lexus forum it's very rarely needed!)
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Totally off-topic, just wondering what the mindset is to having 2 'toy' cars? A lot of us have the daily driver and then the M for when we want a bit of excitement, why two? How do you choose which one you take out on those rare hot sunny days? Or is there different motivations behind it?

Genuinely not criticising or saying it's daft, I actually would have two toy cars if I could find a reason to justify it! :)
 
I cannot believe anyone would pay £3000+ a year warranty for a car worth £12-15000,it makes no financial sense (unless its an investment banker of course).
 
That was kinda the original message behind the thread, are BMW pricing them as such because they have no confidence in the cars holding up into old age/high miles, and therefore they price the warranties out of reach so they don't have to take the hit for it.
 
ncrossy1980 said:
That was kinda the original message behind the thread, are BMW pricing them as such because they have no confidence in the cars holding up into old age/high miles, and therefore they price the warranties out of reach so they don't have to take the hit for it.
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No, I think as mentioned earlier, they are trying to price / scare people into buying newer cars, bigger margins.

You only have to look at E46 M3's to see that 60k miles is nothing for these cars.
 
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