High mileage E60 M5 Warranty
Discussion
Chaps,
I've just bought a 91k mile E60 M5 and I'm looking at my warranty options. It has a full BMW Main Dealer Service History except the service before last which was an Indy.
I bought it eyes wide open and I'm fully aware that some people would not run one of these without a BMW warranty but life's too short etc. etc.
It currently has a basic Warranty Direct Policy on it but I'm been looking at something more comprehensive. I'm not really worried about every little niggle as I'm happy to sort that - this is more of a backup against a major failure - something like the engine or gearbox going pop.
BMW Prices are as follows (assuming they allow the Indy service)
Comprehensive without Emergency Service
£0 xs £3,889
£250 xs £2,319
Named Component without Emergency Service
£0 xs £3,146
£250 xs £1,888
Driveline without Emergency Service
£0 xs £2,083
£250 xs £1,271
Warrantywise
£50 xs £100 per hour Labour rate, £7000 claim limit with all the add ons £1,043
Click4Warranty
5* 24 month policy, £7000 claim limit with all add-ons less the £100 discount voucher they sent me is £600.
Labour rate is £35 per hour upon digging unless you use Halfords!
Warranty Direct
Initial quote online was about £2,300 but I've since had them on the phone. Nice enough chap but all salesman are. They are offering their SecureCare product at £930 per year with £70 for an inspection so all cover starts straight away. They go to great lengths to point out that they cover 'wear and tear' rather than 'premature wear and tear' like their competitors, the labour rate is £200 per hour enabling me to use the main dealer quite comfortably but the contribution for parts is only 50% due to the mileage on the car.
The click4warranty one is the cheapest but I'm not really interested in having to use Halfords.
Warrantywise sound brilliant according to their own advertising but I'm not convinced.
I'm leaning toward either the Warranty Direct cover or BMW Driveline with a £250 xs as for much more than that I'd rather put the money aside and self-insure.
Thoughts? I've read plenty of reviews on the internet but first hand experiences of any of the above would be useful.
Cheers!
Phil
I've just bought a 91k mile E60 M5 and I'm looking at my warranty options. It has a full BMW Main Dealer Service History except the service before last which was an Indy.
I bought it eyes wide open and I'm fully aware that some people would not run one of these without a BMW warranty but life's too short etc. etc.
It currently has a basic Warranty Direct Policy on it but I'm been looking at something more comprehensive. I'm not really worried about every little niggle as I'm happy to sort that - this is more of a backup against a major failure - something like the engine or gearbox going pop.
BMW Prices are as follows (assuming they allow the Indy service)
Comprehensive without Emergency Service
£0 xs £3,889
£250 xs £2,319
Named Component without Emergency Service
£0 xs £3,146
£250 xs £1,888
Driveline without Emergency Service
£0 xs £2,083
£250 xs £1,271
Warrantywise
£50 xs £100 per hour Labour rate, £7000 claim limit with all the add ons £1,043
Click4Warranty
5* 24 month policy, £7000 claim limit with all add-ons less the £100 discount voucher they sent me is £600.
Labour rate is £35 per hour upon digging unless you use Halfords!
Warranty Direct
Initial quote online was about £2,300 but I've since had them on the phone. Nice enough chap but all salesman are. They are offering their SecureCare product at £930 per year with £70 for an inspection so all cover starts straight away. They go to great lengths to point out that they cover 'wear and tear' rather than 'premature wear and tear' like their competitors, the labour rate is £200 per hour enabling me to use the main dealer quite comfortably but the contribution for parts is only 50% due to the mileage on the car.
The click4warranty one is the cheapest but I'm not really interested in having to use Halfords.
Warrantywise sound brilliant according to their own advertising but I'm not convinced.
I'm leaning toward either the Warranty Direct cover or BMW Driveline with a £250 xs as for much more than that I'd rather put the money aside and self-insure.
Thoughts? I've read plenty of reviews on the internet but first hand experiences of any of the above would be useful.
Cheers!
Phil
Edited by Pazuzu on Saturday 12th October 15:53
Mine had a clutch at 59k so I know it's got one with a nicely greased release bush/bearing in it but I scared myself silly with the rod bearing failures and reading all the threads on M5Board the other day.
The only thing is, has anyone in the UK had a rod bearing failure? I could only find US ones?
I was considering spending the warranty money getting them done for peace of mind anyway.
I always said I'd never buy one due to the crap MPG and range with the small tank but my god, what a machine
Cheers!
Phil
The only thing is, has anyone in the UK had a rod bearing failure? I could only find US ones?
I was considering spending the warranty money getting them done for peace of mind anyway.
I always said I'd never buy one due to the crap MPG and range with the small tank but my god, what a machine
Cheers!
Phil
To be honest I'd probably be tempted to put £200 a month towards the stonking F10 M5 deals currently available rather than a warranty.
I definitely need to hear some positive stories about Warranty Direct though before pulling the trigger.
So basically I'll probably suck it up and take the risk myself or do some creative man maths and order an F10
Phil
I definitely need to hear some positive stories about Warranty Direct though before pulling the trigger.
So basically I'll probably suck it up and take the risk myself or do some creative man maths and order an F10
Phil
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