Extended Warranty 'What would you do?'

Discussion in '3 Series' started by Carl W, Jan 17, 2018.

  1. Carl W
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    Carl W Site Supporter

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    My F31 330d will be 3 on the 1st March at which time the warranty will expire.
    It has covered 20000 miles and as I am now semi retired is used sparingly.
    It has been cherished from new, washed and detailed far more than it needs to be and never used for short journeys.
    I will make progress when appropriate but always ensure it is thourghly warmed through first and cools properly afterwards.
    The only warranty issue thus far has been the not uncommon horn failure.
    It ticks all the boxes for me and I can only see it being replaced by the next generation 3 but only after 12 months of production to iron out any bugs.
    Whilst I have yet to receive a quote to extend the warranty an educated guess leads me to beleive BMW will want somewhere in the region of £600 per annum.
    My question is should I pay that for the peace of mind that will bring or would it be better to simply put that money away every year as a contingencey fund to pay for repairs as and when required?
    I all ready have full AA cover and can extend that when required for the occasional trip into Europe.
    I am tempted to go with the later option as when I had a proper job all my company BM's would happily run to 140000 miles without issue.
    If I was lucky I would then have a pot of money to add a few nice extras, pano' roof etc.
    What would you do?

    Kindest Regards
    Carl.
     
    Last edited: Jan 17, 2018
  2. Peter
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    As I've commented before, I've had value out of extended warranties. Certainly a peace of mind purchase. The 535i is eating into the warranty costs, two claims already this year. Well above the policy costs, including my excess (£100).

    I have the added emergency cover which is reasonable value, plus gives good cover for recovery, hire cars, repatriation, etc. Recoveries up here to a BMW dealer cost about £200 (each way), plus a hire car for several days, also adds up.

    The more technology and options we have, the greater the value in my mind.

    Peter
     
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  3. Carl W
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    Carl W Site Supporter

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    Thank you Peter,
    I was hoping to hear from you.
    Plenty of food for thought there.

    Kindest Regards
    Carl.
     
  4. Spuffington
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    Spuffington Moderator WARLORD Site Supporter

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    Hi Carl - I'm also a big fan of the BMW Extended Warranty - over the years I've had my moneys worth out of the Extended Warranty in pretty much every year and every vehicle I've had.

    Overall the E70 X5s were the most reliable but the last 40d I had ate through 2.5k of warranty claim just before I sold it in having a new induction manifold.

    The current F25 X3 belonging to the ex (for which I'm still paying the 55quid a month Extended warranty cover :mad:) had to have new rear light clusters fitted, which was over the cost of the annual premium once labour was added.

    I could catalogue so many events where I've been pleased to have the cover in place. Provides for sleep-easy nights. It really doesn't take much on these complex cars for big bills to be racked up and that's regardless of how well you treat them IMO. Also, providing you don't live in the back of beyond like Peter, the cover works seamlessly with the Emergency Services if ever a car needs to be recovered (for whatever reason) and takes the hassle out of paying first and claiming later only to find loads of exclusions in place or deductions.

    No brainer for me and don't even bother looking elsewhere when renewal time comes. I've got another year before the 530d's AUC warranty expires. By that time it will be on c. 98k miles and expensive to cover, but I will still be putting the cover in place.
     
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  5. Carl W
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    Carl W Site Supporter

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    Thank you Spuff,'

    I'm begining to lean towards extending the warranty !

    Kindest Regards
    Carl.
     
  6. kleynie
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    kleynie WARLORD Site Supporter

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    For me its about convenience. I had the full warranty with £100 excess as Peter has (I don't anymore as my car is too young at present) and I had the rear airbag failure. In that case I had a loan car on my driveway and my car taken away on a low loader within 90 mins of making the call. Our car is needed for my good ladies business so we cannot be without.
    Now, in your case you may be able to do without a loan car, you may even have use of another car, I don't know. Just think about what you would need in the event of the car being immobile, that's what sold it for me.
     
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  7. Carl W
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    Carl W Site Supporter

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    Part of the reason I'm considering 'winging it' is as a family we are awash with cars, so no problems on that score.
    I can also cycle or scrounge a lift to work when required as one of my full time colleagues drives past my door on his way in.
    Even so plenty to think about.

    Kindest Regards
    Carl.
     
  8. pinewood
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    pinewood Site Supporter

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    Took my extended warranty out on the X3 at the end of October 17" when she turned 3 years old and 22,000 miles.
    Yes I could save the £520 it cost into an account, but that wouldn't cover major engine or drive train faults.
    We have 3 cars between us as a family, and I usually take the train/underground into London anyway.

    Peace of mind from big bills was my main reason of taking the extended warranty, and will continue to use it.
    I also took out the 5 year service plan for the same reason.

    Plan is to keep the X3 for another 5 years as it does everything I want and more!
     
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  9. Mieke
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    Mieke Site Supporter

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    The manufacturer's warranty on my 330d expired last week, and I've gone with the BMW Extended Warranty. In December, I was quoted £522 annual premium, based on £100 excess and inclusive of BMW Emergency Service. I thought that was quite a good deal, especially when you subtract the cost of AA or RAC Breakdown Cover. I must admit that I was undecided before I got the quote as I've heard of much higher premiums being mentioned for other models by forum members.

    So I think you should get a lower quote than the £600 you mentioned @Carl W. ;)
     
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  10. Singvogel
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    Singvogel Moderator WARLORD Site Supporter

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    Very interesting quote there - I just did a dummy quote for a car similar to mine with 36900 miles on the clock and got a quote of £648 :eek:

    https://www.bmw-warranty.co.uk/Login/Index

    I'll definitely be going for the extended warranty come my car's third birthday later this year and would be very happy with £522

    It will likely be going for the minimum excess of £100 and include the Emergency Service which is far superior to anything the AA, RAC or whoever can offer.
     
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  11. Mieke
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    Mine has only done 17k miles, so I think mileage has a significant role in the price. Not used the car as much as expected due to my wife having long term health issues. But she's now much better so I'll be clocking some miles up this year. :)
     
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  12. Singvogel
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    Singvogel Moderator WARLORD Site Supporter

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    I think that's it in a nutshell.
     
  13. snrbrtsn
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    snrbrtsn WARLORD Site Supporter

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    I don’t run a warranty
    I’m still hands on so undertake my own repairs & servicing as such I don’t meet the criteria for warranty
    Any repair authorisation requires service history proof
    For me, the cost saving on warranty policy has been beneficial, though perhaps I’ve been lucky!

    The wife’s car, different story, We shall be keeping that below three years old, so always in Manufacturers warranty

    My thoughts, if your willing to accept the risk and don’t rely on car, it’s an additional expense!
     
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  14. Carl W
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    Carl W Site Supporter

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    Well so far it's 6 in favour of BMW warranty with 1 against.
    All from people who's opinions I respect.
    I shall as a result take the warranty when the time comes, after all what's the point in canvassing opinions if you then ignore them !
    I shall keep you posted as to cost when the time comes.

    Kindest Regards
    Carl.
     
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  15. kleynie
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    kleynie WARLORD Site Supporter

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    I also understand Sean’s POV, especially as I am now spannering my sons Audi, we are just about to embark on a cam belt change. So I can do most things myself, but I still need the car useable every day for the missus, this is why I take the easy route and will get warranty in July when mine is 3 years old.
     
  16. Kev2005
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    Kev2005 Site Supporter Good Egg

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    I took out the extended warranty of my previous 320D ED 2012 purely to avoid any large unexpected bills. In the 2 years i ran it, no claim. The only think i had to replace was the battery which wasn't covered and wasn't cheap.

    Current car is still covered by manufacturers warranty.

    Kev
     
  17. Merc? No. BM!
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    Merc? No. BM! WARLORD Site Supporter

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    Ask any politician that question... ;)
     
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  18. Merc? No. BM!
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    Merc? No. BM! WARLORD Site Supporter

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    Seeing your guys' quotes I'm still surprised about the one for my 4 years and 2 months old 520d MSport F11 with 38k on the clock, which was a painful £1150.

    I declined. Time will tell wether I made the right decision. :unsure:
     
  19. Mieke
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    Mieke Site Supporter

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    That does seem rather steep @Merc? No. BM! So I can understand why you decided not to bother with the warranty.
     
  20. Merc? No. BM!
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    Merc? No. BM! WARLORD Site Supporter

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    Just checked the original quote from last October.

    image.png

    So I was a few tenners out...
     

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