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s2racer
Original Poster
79 posts
82 months
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I'm pondering one, maybe an 07 car with low miles as the family car to replace a very leggy beater we have. I pondered the m3 and its not a definite no to that either but the bigger car would be useful i think, the other cars we have are a Golf GT and an S2000... Plus my bike  So, it seems servicing isnt too bad (maybe avg £1k/yr?), especially with a decent inde Tyres are pricey but not stupidly so Fuel doesnt matter as it wont be used loads Insurance i know will be c£1k Breakdowns are a worry  Whats he experience out there?
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Great Pretender
23,743 posts
83 months
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What do you consider to be 'sensible' runnings costs?
£2k a year (ex. fuel) would be a sensible budget to put aside IMO.
>awaits those who proclaim to run theirs on pocket change and wine gums<
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joscal
323 posts
69 months
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Great Pretender said: What do you consider to be 'sensible' runnings costs?
£2k a year (ex. fuel) would be a sensible budget to put aside IMO.
>awaits those who proclaim to run theirs on pocket change and wine gums< I'm on my second and have covered 60,000 miles in mine and it costs nothing near £2k a year. If you buy from a BMW dealer with the very important warranty and make sure they have prepped it correctly including discs, pads and major service including spark plugs you would be very suprised how cheap they are to run. I have never had a bill for more than £500. Fuel is however another matter, but there is no car with 507bhp that is frugal!
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Jazzer
706 posts
73 months
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Buy a "good" one, with the full monty BMW warranty.....anything else would be folly. The full BMW warranty is superb and can be paid monthly (£88pm from memory)
Look for good tyres (matching all round!)....Michelin PS2s are excellent....one with recent new discs/pads would be smart.
All imminent service items are indicated in the service menu in i-drive.....if say "front brakes" are due in 1000 miles, then you have a bargaining tool!
They are generally highly reliable in my experience, but thorough care and maintenance is essential.
You can check the (BMW) history of the car through BMW customer services....the what and the when.....very informative.
Running costs are nowhere near as bad as some think.....cheap for such a beast.
Go for it!
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Great Pretender
23,743 posts
83 months
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joscal said: Great Pretender said: What do you consider to be 'sensible' runnings costs?
£2k a year (ex. fuel) would be a sensible budget to put aside IMO.
>awaits those who proclaim to run theirs on pocket change and wine gums< I'm on my second and have covered 60,000 miles in mine and it costs nothing near £2k a year. If you buy from a BMW dealer with the very important warranty and make sure they have prepped it correctly including discs, pads and major service including spark plugs you would be very suprised how cheap they are to run. I have never had a bill for more than £500. Fuel is however another matter, but there is no car with 507bhp that is frugal! How much is the warranty costing you/will cost you then?
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Cheib
6,218 posts
44 months
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Well a 2007 will need a warranty as others have said so given that's north of £1,000 (unless you get an UAC car with it thrown in for a year) so plus tyres and servicing etc £2000 seems about right.
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s2racer
Original Poster
79 posts
82 months
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I've seen the warranty options with varying opinions but i dont mind spending a grand/yr on that i guess. All sounds good, i need to drive some cars i guess
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jaedba2604
706 posts
16 months
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Great Pretender said: What do you consider to be 'sensible' runnings costs?
£2k a year (ex. fuel) would be a sensible budget to put aside IMO.
>awaits those who proclaim to run theirs on pocket change and wine gums< i had an m3 and put away £200 / month for repairs, so this seems sensible...having said that, i had hardly anything to pay for in my 2 years of ownership..rtab, broken spring, the usual. i ain't getting all this warranty nonsense, i reckon if you've maxed out your cash then fair enough, but to me people who have them justify them by listing a load of things they've had fixed that wouldn't cost much or get fixed ordinarily, bit like anything really...i wouldn't pay £20 / month to warranty my central heating boiler..each to their own. it's simple maths, they ain't giving the warranty away, so if you buy a decent car then accept a bit of bad luck in you life you should be quids in over a lifetime. someone will wade in and point out their clutch went once....
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ecain63
5,258 posts
44 months
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jaedba2604 said: Great Pretender said: What do you consider to be 'sensible' runnings costs?
£2k a year (ex. fuel) would be a sensible budget to put aside IMO.
>awaits those who proclaim to run theirs on pocket change and wine gums< i had an m3 and put away £200 / month for repairs, so this seems sensible...having said that, i had hardly anything to pay for in my 2 years of ownership..rtab, broken spring, the usual. i ain't getting all this warranty nonsense, i reckon if you've maxed out your cash then fair enough, but to me people who have them justify them by listing a load of things they've had fixed that wouldn't cost much or get fixed ordinarily, bit like anything really...i wouldn't pay £20 / month to warranty my central heating boiler..each to their own. it's simple maths, they ain't giving the warranty away, so if you buy a decent car then accept a bit of bad luck in you life you should be quids in over a lifetime. someone will wade in and point out their clutch went once.... I'm not dismissing your post but I do believe the warranty is a good idea regardless. When labour rates are £100+ at a dealer it doesn't take long to rack up a £500+ bill on something minor. Anything major is going to be north of £1k without a doubt. At an indy obviously you'll be paying less but that's your choice. In my 18 month ownership I've had over £4500 of major repair work done by my dealer under warranty. The warrany costs £900 per year do over 18ct months that's over £3k saved. Just my 2p worth.
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jaedba2604
706 posts
16 months
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ecain63 said: I'm not dismissing your post but I do believe the warranty is a good idea regardless. When labour rates are £100+ at a dealer it doesn't take long to rack up a £500+ bill on something minor. Anything major is going to be north of £1k without a doubt. At an indy obviously you'll be paying less but that's your choice. In my 18 month ownership I've had over £4500 of major repair work done by my dealer under warranty. The warrany costs £900 per year do over 18ct months that's over £3k saved. Just my 2p worth. sorry, i should've qualified - if you have got a 2 or 3 year old car and you want to maintain the BMW service history i see the justification. with E6x now coming down in price personally i'd take my chances, but, would i feel lucky?!
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Aeroresh
1,035 posts
101 months
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Like any car the warranty its a gamble. In my 1 year of ownership, whilst Ive got the AUC warranty, its not been used once.
Costs to date have just been routine servicing at £500 a pop.
If the warranty costs £1000 a year, you need to budget at least £1500 a year imo just for basics. Btw, front discs and pads are around £900 and tyres about £250 a corner. Clutch £2.5k?
You may be lucky but all these things are going to be needed sooner or later
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omniflow
213 posts
20 months
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Regarding the warranty, what counts as "modified" (could I fit an aftermarket exhaust and maintain my warranty?) and what are the exact requirements for servicing? Is it just oil changes, or do you need brakes and discs aswell. My last oil service included some filters - boy were they expensive.
I've just renewed mine, but I might not bother next year. The warranty is great for keeping things simple, and peace of mind, but I'm not sure that it saves money.
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jontysafe
1,161 posts
47 months
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I was thinking perhaps of not contributing here but I guess for balance I should. In the last three tears (Freudian slip, years) the total of warranty claims on a Z4M and M6 have added up to north of £18,000. Do NOT go into this if A, you can`t afford to and B if you can`t afford it! Warranty is cheap peace of mind, personally I wouldn`t run any car with the potential of BIG bills without one but there are people that have and are running on minimal costs. Am without a BMW at the moment, still waiting for the 640d to be delivered. 
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ecain63
5,258 posts
44 months
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omniflow said: Regarding the warranty, what counts as "modified" (could I fit an aftermarket exhaust and maintain my warranty?) and what are the exact requirements for servicing? Is it just oil changes, or do you need brakes and discs aswell. My last oil service included some filters - boy were they expensive.
I've just renewed mine, but I might not bother next year. The warranty is great for keeping things simple, and peace of mind, but I'm not sure that it saves money. Ive got H&S backboxes on my E61 M5 and it does not affect any part of the warranty other than the exhaust element, which is more of a wear item anyway. Mapping will affect the warranty but to be honest a chat with your dealer before you mod anything will clear up whats covered and whats not. As for servicing, your car will tell you / the dealer what needs doing at service time. My last one was also an oil chnage but the car also required new intake silencers and microfilters. All servicing details are stored on the key fob so the dealer can see whats needed. Brakes and pads can be done at an Indy so long as they use OEM parts. Only main servicing stamps are inspected when a warranty claim is processed.
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StuH
1,987 posts
142 months
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jaedba2604 said: Great Pretender said: What do you consider to be 'sensible' runnings costs?
£2k a year (ex. fuel) would be a sensible budget to put aside IMO.
>awaits those who proclaim to run theirs on pocket change and wine gums< i had an m3 and put away £200 / month for repairs, so this seems sensible...having said that, i had hardly anything to pay for in my 2 years of ownership..rtab, broken spring, the usual. i ain't getting all this warranty nonsense, i reckon if you've maxed out your cash then fair enough, but to me people who have them justify them by listing a load of things they've had fixed that wouldn't cost much or get fixed ordinarily, bit like anything really...i wouldn't pay £20 / month to warranty my central heating boiler..each to their own. it's simple maths, they ain't giving the warranty away, so if you buy a decent car then accept a bit of bad luck in you life you should be quids in over a lifetime. someone will wade in and point out their clutch went once.... Buying one of these without the Mondial warranty is just plain stupid imo. If you can't afford the grand year it costs for the peace of the mind then don't bother. The peace of mind from not having to worry when you hear every dodgy sounding noise or get the red cog of death is worth a lot more than the warranty.
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jaedba2604
706 posts
16 months
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StuH said: Buying one of these without the Mondial warranty is just plain stupid imo. it's not plain stupid. it's a gamble, agreed, but it's not plain stupid. i'll take the remark as a hyperbole. StuH said: If you can't afford the grand year it costs for the peace of the mind then don't bother. read my original post, i did state that a warranty is worthwhile if you've maxed all your cash on the car, there is an implicit assertion there that you do need to be able to afford to maintain these cars. i understand why people have them, i just wouldn't bother myself. that doesn't make me stupid, it just makes me someone who doesn't want to insure against things i can afford to pay out for. to me it comes back to those people who occasionally reel off some anecdote about their 17 year old son being quoted a premium of £3,000 to insure a £500 corsa, saying "it's ridiculous, it's X times the value of the car..." you're not just insuring the car, you're insuring the other things you couldn't possibly afford to replace. back on topic, personally if i was trying to 'budget' for running an M5, i wouldn't buy one.
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sunbeam alpine
2,044 posts
57 months
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ecain63 said: I'm not dismissing your post but I do believe the warranty is a good idea regardless. When labour rates are £100+ at a dealer it doesn't take long to rack up a £500+ bill on something minor. Anything major is going to be north of £1k without a doubt. At an indy obviously you'll be paying less but that's your choice. In my 18 month ownership I've had over £4500 of major repair work done by my dealer under warranty. The warrany costs £900 per year do over 18ct months that's over £3k saved. Just my 2p worth. jontysafe said: I was thinking perhaps of not contributing here but I guess for balance I should. In the last three tears (Freudian slip, years) the total of warranty claims on a Z4M and M6 have added up to north of £18,000... This would appear to me to be an unsustainable position for the warranty company. Is it not the case that the premium will rise in the same way that car insurance has?
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smokey145
616 posts
19 months
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jontysafe said: I was thinking perhaps of not contributing here but I guess for balance I should. In the last three tears (Freudian slip, years) the total of warranty claims on a Z4M and M6 have added up to north of £18,000. Do NOT go into this if A, you can`t afford to and B if you can`t afford it! Warranty is cheap peace of mind, personally I wouldn`t run any car with the potential of BIG bills without one but there are people that have and are running on minimal costs. Am without a BMW at the moment, still waiting for the 640d to be delivered. £18k, what the hell?
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jontysafe
1,161 posts
47 months
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Manufacturing fault in the S54 engine, was chewing through camshafts, 2 sets then a complete new engine installed. Then rear spring issue then O2 sensors, both are well documented problems.
Water ingress on M6 meant new hardware for I drive and stereo systems, the labour on this was unbelieveable. Few other things that I forget.
Whoever said that the position is unsustainable for Mondial, it`s not. Remember this is a forum, basically a place for moans! You won`t often get people posting what a wonderful trouble free car they have. They make their money on the non M cars also, we`re a small minority.
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ecain63
5,258 posts
44 months
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sunbeam alpine said: ecain63 said: I'm not dismissing your post but I do believe the warranty is a good idea regardless. When labour rates are £100+ at a dealer it doesn't take long to rack up a £500+ bill on something minor. Anything major is going to be north of £1k without a doubt. At an indy obviously you'll be paying less but that's your choice. In my 18 month ownership I've had over £4500 of major repair work done by my dealer under warranty. The warrany costs £900 per year do over 18ct months that's over £3k saved. Just my 2p worth. jontysafe said: I was thinking perhaps of not contributing here but I guess for balance I should. In the last three tears (Freudian slip, years) the total of warranty claims on a Z4M and M6 have added up to north of £18,000... This would appear to me to be an unsustainable position for the warranty company. Is it not the case that the premium will rise in the same way that car insurance has? //M cars will always cost the warranty company a good amount of money in repairs, but you only have to wiegh that up against the number of people who do not claim and see that they never lose out.
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