Extended Warranty Offer

Discussion in 'General chat' started by Singvogel, Nov 17, 2018.

  1. Singvogel
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    Singvogel Moderator WARLORD Site Supporter

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    As expected I just received the Extended Warranty Offer as my car is 3 years old next month.

    I'm weighing up the possibilities as I have a load of extra electronic gizmos that might well go wrong.

    I'm definitely going for the Comprehensive option with the Emergency Service add-on.

    It's the level of excess I'm not sure which to take.

    With £0 excess the cost is £707 per year as a one-off payment.

    With £100 excess it's £522 per year.

    With £250 excess it's £422 per year

    I'm swithering between whether to have £0 or £100 excess.

    The pay monthly options add £205 to the yearly total for the £0 excess choice and £162 to the yearly total for the £100 excess.

    I'm very happy to read the bit in the Policy Handbook that says:

    If you have the Comprehensive level of cover however, we have included all insured components even if the failure is due to normal degradation (wear and tear) up to 100,000 miles from the date of registration. In addition, if a component has previously been replaced with a BMW genuine part, the same rule will apply, in this case evidence of mileage at fitment will be required.

    That paragraph was not in the warranty that I had on my last car

    Thoughts?
     
  2. mach one
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    mach one WARLORD Site Supporter

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    It really depends on the reliability of the car and as far as i can remember your car has been pretty good over the three years of ownership and you have not had many warranty issues which required frequent visits to the dealership trying to get issues resolved

    and for this reason I think i would be swayed towards the £100 excess at £522 per year, and depending on your intentions regarding the car then it may be worth paying monthly, if you intend keeping the car for at least the next 12 months then pay as a one off payment, but if you have a new G20 on order for delivery early next year then go for the monthly payments
     
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  3. Kev2005
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    Kev2005 WARLORD Site Supporter Good Egg

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    If it was me, i'd be weighing up the £100 excess vs £250 excess - As mentioned, if your car is reliable, then maybe £250 excess for this year and gamble saving £100 if no claim :whistle:

    I'm surprised the Monthly payments work out that much more, i don't recall the difference being that much on my last car, i'm expecting to get my extended warranty quote early part of next year so waiting to see what that say it will be. Still undecided on keep the car vs moving on, will have to see nearer the time but if its that much more for monthly payments then i think i'd definitely go for yearly payment.

    Kev
     
  4. Mieke
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    Mieke WARLORD Site Supporter

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    That's what I paid a few months ago, £521 with £100 excess and Emergency Services.
    Never made a warranty claim so far, but the emergency services came in handy at Easter when I got a front wheel blow out in SW Scotland. Recovery truck was there in half an hour and ES paid hotel costs including dinner for one night, and the car was fixed next morning.
    So that alone made it worthwhile - a hassle free experience.
     
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    Last edited: Nov 17, 2018
  5. Singvogel
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    Singvogel Moderator WARLORD Site Supporter

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    Aye, it might well be the £100 excess option.

    As @Mieke says the Breakdown/Emergency Service is very very good - it's a total no-brainer for me - it's the best bar none if you have only one car - but if you have a stable of mixed marques then it perhaps would have to be the ADAC. Our national big-name services look amateurish when compared.

    The car hasn't been that bad for issues as @mach one has said - a new rear seat cover, new front wheel bearings, and a couple of wheel centre badges.
     
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  6. kleynie
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    kleynie WARLORD Site Supporter

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    The only claim I ever made was on my old car, I had comprehensive with £100 excess at the time and they never asked me for the excess payment. With that in mind I went for the same policy with the current car.
     
  7. bishbosh
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    bishbosh WARLORD Site Supporter

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    How many miles on the car Bob? I presume the £100 excess and £522 yearly includes ES?

    That's a good price, if I want Fully Comp on mine, £100 excess and ES included it's £1203 :eek: and that's if I pay in one go!
    If I go Named Component and £250 excess it comes down to a more reasonable £754, or £648 without ES.
     
  8. Douglas W
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    Douglas W Site Supporter

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    Singvogel and I took delivery of our 330Ds at the same time almost 3 years ago. With 22,000 miles on my F30 LCI 330D MSport, I have been offered the same deal as the others. I don't usually take extended warranties on normal consumer goods and did not bother with one on my wife's 2015 Mini Cooper. Apart from a faulty alarm module causing the windows to drop a few days after delivery, I have not had a hint of trouble with the 330D. However, given the cost and complexity of a lot of the options, which are perhaps more likely to fail than the basic running gear, I have decided to take the warranty. I don't need the breakdown recovery as I have three cars and get great cover from LV= Britannia Rescue with my Boundless discount (formerly CSMA). I could afford £250 on an unexpected repair but would baulk at a repair of several thousand, so I have decided to go for a £250 excess and annual premium which is a reasonable £339.

    Maybe I have been lucky but I have been running 6 cylinder 3 series since 1998 and only had one expensive failure in that time (when I used to average 12-15000 per year). The instrument binnacle in a '98 E36 323 failed. I can't remember how much it was but I was very, very taken aback by the bill.

    Douglas
     
  9. Peter
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    Peter WARLORD Site Supporter

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    I run with the £100 excess on the Five, works out about £200 cheaper for the year, so 2 claims and I'm at the same cost as the 0 excess . 1 claim and I'm better off. :)

    I've had good value out of the extended warranties every year I've had them. The more complex the car, the higher chance of issues. While changing over my wheels today, noticed a slight oil weep on a rear 'adaptive' damper. :eek: I can see that being expensive, will be keeping an eye on it. Good that we now have 'wear and tear' on the extended policies.(y)

    Peter
     
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  10. Singvogel
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    Singvogel Moderator WARLORD Site Supporter

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    It's on 45K miles at the moment.

    The £522 with £100 excess does include the Emergency Service - the price drops to £440 if I choose not to take it.

    As I said before it's essential for us because of the frequent European trips we make.
     
  11. Singvogel
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    Singvogel Moderator WARLORD Site Supporter

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    That's exactly my thinking too, Peter.
     
  12. Adie
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    Adie WARLORD Site Supporter

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    I think they introduced cover for wear and tear in 2016

    https://www.bmwland.org.uk/index.ph...tear-now-covered-for-insured-components.1369/
     
  13. snrbrtsn
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    snrbrtsn WARLORD Site Supporter

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    Reading through & in your circumstances, what with the mileage you cover, regardless of which policy you take, be sure to pay monthly as this time next year, you shall be over the 60000miles where the premiums jump up in price....
    Quite significantly
     
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  14. Kev2005
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    Kev2005 WARLORD Site Supporter Good Egg

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    How much are they normally at 5 years old out of curiosity?

    Changed my last car shortly before 5 years old so never received the quote.

    tbh i doubt my car will be 60k by year 5, mine has only done just over 16k and has approx 3 or 4 months till it is 3 years old so doubt it will get to 18k on the clock by then.

    Kev
     
  15. Singvogel
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    Singvogel Moderator WARLORD Site Supporter

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    Ah yes - I had quite forgotten about that situation.

    I can remember a few years back there was discussion about how if you paid by monthly DD the monthly premium never increased, whereas the annual premium went up every year.

    With my 320d the monthly payments were never changed and no-one ever asked me what the mileage was after the initial setting up.

    So is that still the same?
     
  16. xyzl
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    xyzl

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    Monthly premiums on latest policy were reviewed and increased on the anniversary in June 2018. Previous policy with monthly premiums did not change from one year to the next.
     
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  17. pinewood
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    pinewood

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    I paid £422 in October with £250 excess.
    My reasoning is the car is reliable and i don't do big mileages. The warranty is about piece of mind, and that £422 will not be seen again, so make the payment as small as possible
     
  18. technoman
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    technoman Site Supporter

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    My 2012 530d msport GT 49,000 the warranty has gone up twice now and stands at just on £75 a month with £250 excess, i am starting to think about cancelling it, car has been complettly trouble free in the 3 years i have had it ,although with sunroof/reverse/surround camera,s/ electric tailgate/electric towbar/speed limit camera i do wonder that the moment i cancel something is going to fail, oh did i mention the rear suspension airbags and water leaks which are yet to give me any problems(touch wood)
    Tim.:whistling:
     
  19. X3MSport
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    X3MSport

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    Warranty prices seem all over the place. We just had our quote come through for the X3. £700 for Comprehensive cover with £0 excess. Dont see the point of having £250 excess as if you have more than 1 claim you are worse off.

    I think that is quite reasonable considering 3rd party warranty companies are asking around £450-£500 a year!
     
  20. kleynie
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    kleynie WARLORD Site Supporter

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    Well mine was £900 for the year with £100 excess, so think yourselves lucky.
     

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