Poll: do you have an extended warranty on your M?

Poll Poll Do you have an extended warranty on your M?

  • Yes, a BMW extended warranty

    Votes: 16 32.7%

  • None

    Votes: 32 65.3%

  • Yes, a non BMW warranty I.e warranty direct

    Votes: 1 2.0%
  • Total voters
    49
tomscott said:
Thats a perfect example of keeping a warranty IMO but everyones different.

£180 sounds steep, Maybe because I got mine at 57k it was cheaper… but its £100 cheaper.
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It's simply an insurance policy like any other. If I'd not had that engine problem so early I don't believe I'd have purchased the Mondial one.

If you never claim, then you think you've been ripped off and could have saved thousands :headbang:

If you have a problem and don't have a warranty/savings then you complain about poor build quality :P
 
I've not read the entire thread (although I'd bet most posts are simply repeated from other threads).

I don't have a warranty. My Z is a 2nd car, if it breaks it doesn't need to be fixed immediately. If it was my daily driver I'd consider a warranty for convenience purposes. If however, I had a savings buffer of £5k, I don't think I'd bother at all. Yes things like engine failures etc are scary, but incredibly rare and in most cases I'd imagine BMW would offer some level of "good will". We're all enthusiasts and preventative maintenance should ensure that major failures don't occur (obviously you need to know what needs attention though).

As to whether it's good value or not:

1) There will be only one winner out of a warranties....that's the warranty provider and not the customer. If a warranty was "good value" when looking at the greater picture, warranty companies wouldn't exist (or they'd be more expensive). A warranty is not "good value" in the long run. Simple.

2) Most "it cost me £1500 to fix, warranty has paid for itself" posts refer to BMW labour costs etc. A reputable Indy wouldn't cost as much, so you'd need to take that into consideration.

That said, it all comes down to risk mitigation. If you'd like peace of mind, get a warranty. If you might not have a spare £2-3k at all times to cover the majority of issues that might occur and you need the car every day, get a warranty. But if you have a decent savings buffer or no immediate requirement for the car, a warranty might not be required.
 
StevenH72 said:
I've not read the entire thread (although I'd bet most posts are simply repeated from other threads).

I don't have a warranty. My Z is a 2nd car, if it breaks it doesn't need to be fixed immediately. If it was my daily driver I'd consider a warranty for convenience purposes. If however, I had a savings buffer of £5k, I don't think I'd bother at all. Yes things like engine failures etc are scary, but incredibly rare and in most cases I'd imagine BMW would offer some level of "good will". We're all enthusiasts and preventative maintenance should ensure that major failures don't occur (obviously you need to know what needs attention though).

As to whether it's good value or not:

1) There will be only one winner out of a warranties....that's the warranty provider and not the customer. If a warranty was "good value" when looking at the greater picture, warranty companies wouldn't exist (or they'd be more expensive). A warranty is not "good value" in the long run. Simple.

2) Most "it cost me £1500 to fix, warranty has paid for itself" posts refer to BMW labour costs etc. A reputable Indy wouldn't cost as much, so you'd need to take that into consideration.

That said, it all comes down to risk mitigation. If you'd like peace of mind, get a warranty. If you might not have a spare £2-3k at all times to cover the majority of issues that might occur and you need the car every day, get a warranty. But if you have a decent savings buffer or no immediate requirement for the car, a warranty might not be required.
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Hit the nail on the head for me!

Your buying 'piece of mind' - simple as that. Warranty companies are like casinos; if you play for long enough the house always wins.

Some good discussion in this thread but at the end of the day it comes down to your own situation in terms of risk v reward.

For me personally, I'm happy to take an informed and calculated risk in running my car without the warranty. Preventative maintenance is the key.
 
As always Steven cuts through the conversation with a well structured view of clarity! This thread has been an interesting read for both sides of the equation, thank you to all contributors! :thumbsup:
 
StevenH72 said:
That said, it all comes down to risk mitigation. If you'd like peace of mind, get a warranty. If you might not have a spare £2-3k at all times to cover the majority of issues that might occur and you need the car every day, get a warranty. But if you have a decent savings buffer or no immediate requirement for the car, a warranty might not be required.
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My thoughts exactly. Although I could afford to risk it, my experiences with #69 plus a couple of AUC claims on the current car in the first year led me to think the policy was worth it. (£900 fully comp with £100 excess)

Nina, if you can afford up to a couple of thousand without it hurting day to day life, then maybe do without. Bank the policy money as part of your car fund and hope not to have to dip into it. If you can't, and the car is a daily drive, maybe a warranty is a good plan.
 
If you do have a warranty though, and the fault isn't covered under the warranty, then you will probably already be £100 down on inspection Fees, then you have to pay BMW prices to get it fixed.

I always worried that whatever failed wouldn't be covered and I would have been very annoyed, as the money I paid for inspection and warranty premium payments could have gone towards fixing it.
 
I only had a warranty for 6 months when I bought mine in March 2012. Never renewed and no problems till couple of months ago when a rear sensor went - won't cost all too much to fix. I thought I'd take my chances.
 
It's funny, all owners with warranties swear that they pay for themselves 6 times over every year. Whereas non warranties cars seem to be far more reliable, requiring just a few hundred £££'s per year.

The only logical conclusion is that those with warranties take less care of their cars :wink:
 
At the end of the day after reading about 20 of these threads it all comes down to the same thing - if you want one and the peace of mind buy one. If you don't then don't bother but for goodness sake stop trying to claim one option is better than the other. Thank you.
 
It's all fun and games until something actually goes wrong... Then we get crying threads about how crap bmws are and how they aren't worth the money expensive parts complex fixes car in garage weeks bla bla bla

The youngest Z4M is coming up 6 years old that's good enough reason for me, I have no reputable Indy within 100 miles and £1000 a year doesn't break the bank.

And apparently people who have problems don't look after their cars... Wow
 
I haven't got extended warranty with mine, never felt the need to have it tbh, if anything does go wrong I'll get it fixed, hope they aren't my famous last words as I'm taking it on a euro trip next week :driving: :driving: :driving: :thumbsup:
 
The mathematics of any warranty are pretty much the same. They are not charitable, they are offered for profit so essentially will pay out less than revenues received meaning statistically they are not value for money. If buying you are essentially hedging against a catastrophic/exceptional event.
 
So back on to previous parts of this post where we were discussing how easy or difficult we thought it would be to start up a BMW warranty etc ... My mate has just tried to extend his Porsche warranty as the two years provided is due to expire. He has Michelins on the rear and contis on the front - they would not extend the warranty until he matched all 4 tyres! They all had the same speed ratings. What bollocks!

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...i think with Porsche, they will refuse even if the battery is non OEM. They also only warranty up until the car is 9 years old
 
Jess said:
...i think with Porsche, they will refuse even if the battery is non OEM. They also only warranty up until the car is 9 years old
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So pedantic isn't it when you factor in the price of it, and the price of the marque in the first place. Sorry, I know that was way off topic really!

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No warranty here. If it was my daily driver then I might think about it. But it's a boys toy. If it does break I could take a little while to sort it. Plus so far, over three years in and not so much as a flat tyre.,fingers crossed.

I no they can break and there can be big bills. But that's effectivly 3-4k in the pot already. Plus mines looked after by an indi ex Main stealer, now. So big bill yes, possible, but would still be affordable.
 
Well the car is back from Stratstone with a new O2 sensor all done under warranty for the princely sum of £291. That's 3 months of warranty payments covered this year anyway.
 
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