X5 F15 Extended BM Warranty

Discussion in 'General chat' started by aldo, Sep 26, 2020.

  1. aldo
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    aldo

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    Well its about 5 weeks until the X5 is 12 months in my ownership and I’ve had the warranty renewal letter through.

    These are the pricing options. I’m taking it the comprehensive level is the one to do?

    Comprehensive plan
    £0 excess
    £1441 annual / £149 a month with breakdown (£1788) 24.1%
    £1358 annual / £142 a month without breakdown (1704) 25.5%
    £100 excess
    £1084 annual / £114 a month with breakdown (£1368) 26.2
    £1002 annual / £105 a month without breakdown (£1260) 25.7%
    £250 excess
    £834 annual / £88 a month with breakdown (£1056) 26.6%
    £752 annual /£81 a month without breakdown (£972) 29.3%

    I’m debating paying monthly, the only reason being is if I sell the car I can cancel the monthly direct debit. Or would you know if the pro rata a refund?

    The car itself has been pretty good these last 12 months, just 2 replacement TPMS valves. I should factor in lockdown and more working from home meaning only 7k miles a year. Also when I purchased the car from the dealership, my friend showed me all the previous work. It had only been in for services so she said it was a good un!

    Maybe I should stow away £100 a month?

    Or... as it’s a X5 should I cover myself.

    Would value any opinions.



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  2. edthefed
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    edthefed Site Supporter

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    Depends on your attitude to risk.

    On my G30 I went for the cheapest option which was annual payment and £250 excess as I have no intention of changing cars plus the difference between paying monthly or annually was over £200.

    As wear and tear on non service items is included I thought it worthwhile....Labour rates at my local dealerships are in the region of £140 an hour, it doesnt take long to rack up a sizeable bill if something goes wrong.

    I seem to recall that with the annual policy if you chose to sell the car its transferable to the new owner OR you can cancel and get a pro rata refund if you havent made a claim? May be worth confirming?
     
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  3. Spuffington
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    Spuffington Moderator WARLORD Site Supporter

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    Wow - that’s punchy. Makes the Porsche warranty seem cheap @ £960 inc breakdown and zero excess.

    If you’re only thinking short term, then I would go monthly.

    Given the price of the policy, I suspect some failures are priced in, so I would suggest it’s best to cover yourself if getting a big bill would upset the apple cart of self insuring.
     
  4. Postman
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    Postman

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    It has been a little while since I kept mine in warranty so this may be a little out of date ....

    Car in question 2007 535d E60.
    I bought it in 2009, AUC, 25k (miles). Warranty offered in 2010, zero excess comprehensive at £69/mth. I kept the warranty for 5 maybe 6 years. The premium never went up. At circa 180k whilst in for a service I was informed DPF required renewal at £2300 iirc. That was a little strong as previously that day I had been offered £4000 trade in on the car.
    I cancelled that month but I would have to admit that I certainly got value out of the warranty if one looks at parts that got replaced. It was a comfort blanket after the previous basket case E60, and at the time I required reliable transport.

    In summary the monthly plan was certainly the best option then.

    ps still have car now on 275k. Never replaced DPF. Just bought a laptop and downloaded some software and reset the counter. DPF is still working fine.

    pps I cannot off hand remember any part that required replacement that was less than £1000 ....
     
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  5. aldo
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    aldo

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    Thanks for the replies, really helpful :)

    I guess my current situation with the family unit, I’m pretty risk averse as I wouldn’t want any unexpected expenses. One of my reasons for not going for a Discovery 4/5!

    I’ll check out the small print more on a refund. To be fair I’m currently perfectly happy with the current vehicle, I just sometimes get itches to scratch but they’ve subsided at the moment.


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  6. 535i MSport
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    535i MSport Site Supporter

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    Our M3 is covered by comprehensive with £250 excess for around £780 a year. This is to safeguard against any massive bills and is “insurance” plain and simple.


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  7. aldo
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    aldo

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    Yep I think that’s the way to go.

    £250 excess and and cough it up in one go instead of the 26% extra paying monthly.

    If I had other issues with it during the 12 month. I may have done a different excess.


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  8. MrMcG
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    MrMcG

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    Id probably go for the warranty,

    My M6 is under warranty at £102 a month I know its pricey but so is anything of the frigging v10!
     
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  9. 535i MSport
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    535i MSport Site Supporter

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    Not as pricey as my C63S, where you get the choice of zero excess only....


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  10. JDL60
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    JDL60

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    Reference the annual vs monthly warranty, I’ve just traded my i8 which I paid annual, I got a pro refund less £25 admin fee. That’s a lot cheaper than monthly , suggest that’s the way forward.
    I’m also risk averse so generally prefer the security, albeit I’ve never used a warranty I’ve paid for ironically !
     
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  11. 535i MSport
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    535i MSport Site Supporter

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    Yes you get a refund pro rata but only if you haven’t made a claim.


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  12. JDL60
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    JDL60

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    Oops yup forgot that part !
     
  13. kleynie
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    kleynie WARLORD Site Supporter

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    I got two years for £1485 with breakdown and zero excess. Seems Porsche are cheaper these days.
     
  14. 535i MSport
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    535i MSport Site Supporter

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    Yes. The AMG is £1699 zero excess


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  15. aldo
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    aldo

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    That’s good to know about the refund if I decided to sell the car. There are no plans to at this stage.

    I’m still deliberating with myself.

    I guess it’s not worth considering a 3rd party warranty, seem to be hit and miss on certain ones?


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  16. slim_boy_fat
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    slim_boy_fat WARLORD Site Supporter

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    Not in my experience. More holes than a Swiss cheese.
     
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  17. JDL60
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    JDL60

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    Agreed stick with the manufacturer warranty, only decent one 3rd party is Warranty Wise, in my experience they are more expensive than OE though ...
     
  18. Spuffington
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    Spuffington Moderator WARLORD Site Supporter

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    No that was for just one year rather than two. It would’ve been cheaper to buy two but I’m not sure how long I’m going to keep it so decided to opt for 1yr and see again in Sept next year if I still have it.

    But it is cheap when compared with the BMW Mondial warranty.
     
  19. aldo
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    aldo

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    Thanks for all the added input. It did help with the decisioning in my head.

    Throwing caution to the wind I opted for annual with £250 excess.

    I did the old fashioned way to renew by calling up and spoke to a helpful guy called Craig. I called up to chance if that was the best price and it was the same as the online price.

    So covered for another 12 months at least.

    Also, diagnostic is covered if the diagnostic is linked to the repairable fault. Not sure why it wouldn’t be as why would you diagnostic it in the first place?

    Now just the tax, insurance and MOT to do. Expensive time of the year!

    Cheers


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    Last edited: Oct 8, 2020

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