BMW Extended Warranty Quote Query?
Discussion
Looking at getting back into an M4. Going to keep it for a while and put some miles on it so looking at 15/16 plates rather than newer 18/19 plate cars to reduce depreciation.
Most cars seem well priced out of the network so was thinking of going that route and just putting on the extended warranty. A bit surprised that no matter the mileage or age of car ( I quoted 14 plates and an 18 plate to compare) all seem to come out at £1987 per year for the top warranty on https://www.bmw-warranty.co.uk/Start
Once I increase the excess to £250 and drop the breakdown cover it comes to £1450. Is it fixed price for any used car or a coincidence I get the same quote?
Does anyone know?
Most cars seem well priced out of the network so was thinking of going that route and just putting on the extended warranty. A bit surprised that no matter the mileage or age of car ( I quoted 14 plates and an 18 plate to compare) all seem to come out at £1987 per year for the top warranty on https://www.bmw-warranty.co.uk/Start
Once I increase the excess to £250 and drop the breakdown cover it comes to £1450. Is it fixed price for any used car or a coincidence I get the same quote?
Does anyone know?
In my experience ( not an M car)the warranty cost is the same no matter what age the car is until it exceeds 60k miles. So any age car of the same model will be same cost until 60k miles.
Surprisingly in my opinion cost is same no matter how many extras have been specced on car when new. So in effect you could buy basic Cooper S (same warranty co) at a basic cost of say £23 and easy spec it up to cost about £34k -50% difference but warranty cost is still he same. So would expect same for M models.
To test it just get quote with sub 60k miles then change to 60k plus miles=significant increase in cost
Surprisingly in my opinion cost is same no matter how many extras have been specced on car when new. So in effect you could buy basic Cooper S (same warranty co) at a basic cost of say £23 and easy spec it up to cost about £34k -50% difference but warranty cost is still he same. So would expect same for M models.
To test it just get quote with sub 60k miles then change to 60k plus miles=significant increase in cost
anonymous said:
[redacted]
Non at all when I bought my 5year old e91 BUT it already had warranty on it(which garage didn't realise).When speaking to warranty people my understanding was that for a completely new warranty on car, no cover for first month-suppose that rules out any pre existing conditions
Just bought am 11year old z4 which still has warranty on it-about to test it out t plenty of work done on car for last 8 years after finish of new car warranty. Doesn't sound a good purchase but it's a 35i which had lots of improvements over its life cycle and mostly now well sorted imo- time will tell
anonymous said:
[redacted]
Yes you just go online and purchase it. No pre purchase inspection so yes the car been bought anywhere not like Porsches programme I believe. I believe it has to have BMW full history and you can’t claim in the first 90 days or something but it’s much better in that sense that’s it’s pay and go.
It doesn’t have to have full BMW history to qualify for an extended warranty, but I understand it has to have been serviced in-line with the recommended BMW service schedule. In addition you aren’t required to have the car serviced by BMW whilst under extended warranty, just a VAT registered garage from memory, using genuine BMW, or equivalent quality parts.
When you purchase a car, if the warranty hasn’t lapsed and is still live, then the new policy should continue at approx. the same rate. If the warranty has lapsed then effectively it is treated as a new policy and usually at a higher rate than was being paid previously. If the existing warranty hasn’t lapsed and the policy is renewed or transferred, then there is also no initial 30 day period where you can’t claim.
My current car was under BMW manufacturer and then extended BMW warranty up until 3 months before I purchased it. I know what the previous owner paid for the previous years warranty, unfortunately my quote was nearly double this figure, as I was taking out cover after the vehicle had lapsed from warranty. I couldn’t continue the cover at the previous lower rate. My car was also under 60k miles at the time, so this wasn’t the reason for the increase in cost.
When you purchase a car, if the warranty hasn’t lapsed and is still live, then the new policy should continue at approx. the same rate. If the warranty has lapsed then effectively it is treated as a new policy and usually at a higher rate than was being paid previously. If the existing warranty hasn’t lapsed and the policy is renewed or transferred, then there is also no initial 30 day period where you can’t claim.
My current car was under BMW manufacturer and then extended BMW warranty up until 3 months before I purchased it. I know what the previous owner paid for the previous years warranty, unfortunately my quote was nearly double this figure, as I was taking out cover after the vehicle had lapsed from warranty. I couldn’t continue the cover at the previous lower rate. My car was also under 60k miles at the time, so this wasn’t the reason for the increase in cost.
Ninja59 said:
If over 60k go monthly rolling and you only get one small increase every 12 months...or just below 60k. That way you avoid the big increases, you generally have to ask them though about the monthly one as sometimes some don't volunteer the information of the monthly version.
This is the reason I went monthly on my M4. No annual rise every year and I am now on 62k miles. 92 quid a month BMW fully comp warranty with breakdown.Gassing Station | M Power | Top of Page | What's New | My Stuff