Used car warranty
Discussion
After looking around for a fun summer car, I have put a deposit down on a 2004 Z4 with 76,000 miles and service history (4 main dealer, 2 BMW specialist). It comes with the basic 3 month warranty and after that I'm on my own if anything major goes wrong.
I know it's a bit of a balancing act but does £686 for a warranty with Warranty Direct seem like a good investment or is it better just to save the money into a fund in case anything goes wrong? I'm not mechanically minded but having done a little bit of research most people seem to say that Z4s are pretty reliable with the hood motor and rear springs being the most common failures.
Just keen to get other people's views and also any experience with claims under aftermarket warranties.
Thanks!
I know it's a bit of a balancing act but does £686 for a warranty with Warranty Direct seem like a good investment or is it better just to save the money into a fund in case anything goes wrong? I'm not mechanically minded but having done a little bit of research most people seem to say that Z4s are pretty reliable with the hood motor and rear springs being the most common failures.
Just keen to get other people's views and also any experience with claims under aftermarket warranties.
Thanks!
SIX HUNDRED AND EIGHTY SIX POUNDS !!!!!!!!!!!!!
What the f**K are you getting for that huge amount of money - warranty for the next 15 years ?????????
Owned a garage for 10 years and NEVER got involved with ANY warranty company - we gave our own warranty with each car which excluded bodywork and interior trim. EVERYTHING else was covered. ALL warranties have an enormous list of exclusions. The dealers buy the warranty in, sell it on to you, which they do because it means they can wash their hands of any claims you may have against them.
My advice:- buy a car from a used car dealer that has that same attitude. It means that he/she cares about their customer and is looking at future business with them.
What the f**K are you getting for that huge amount of money - warranty for the next 15 years ?????????
Owned a garage for 10 years and NEVER got involved with ANY warranty company - we gave our own warranty with each car which excluded bodywork and interior trim. EVERYTHING else was covered. ALL warranties have an enormous list of exclusions. The dealers buy the warranty in, sell it on to you, which they do because it means they can wash their hands of any claims you may have against them.
My advice:- buy a car from a used car dealer that has that same attitude. It means that he/she cares about their customer and is looking at future business with them.
datum77 said:
SIX HUNDRED AND EIGHTY SIX POUNDS !!!!!!!!!!!!!
What the f**K are you getting for that huge amount of money - warranty for the next 15 years ?????????
Owned a garage for 10 years and NEVER got involved with ANY warranty company - we gave our own warranty with each car which excluded bodywork and interior trim. EVERYTHING else was covered. ALL warranties have an enormous list of exclusions. The dealers buy the warranty in, sell it on to you, which they do because it means they can wash their hands of any claims you may have against them.
My advice:- buy a car from a used car dealer that has that same attitude. It means that he/she cares about their customer and is looking at future business with them.
Problem being the car is in Wirral and I live in Essex so can't really pop in if something does go wrong. Thanks for info on BMW warranty, didn't realise that they still covered such an old car. Their quote is between £44 per month for drivetrain only to £73 for comprehensive. What the f**K are you getting for that huge amount of money - warranty for the next 15 years ?????????
Owned a garage for 10 years and NEVER got involved with ANY warranty company - we gave our own warranty with each car which excluded bodywork and interior trim. EVERYTHING else was covered. ALL warranties have an enormous list of exclusions. The dealers buy the warranty in, sell it on to you, which they do because it means they can wash their hands of any claims you may have against them.
My advice:- buy a car from a used car dealer that has that same attitude. It means that he/she cares about their customer and is looking at future business with them.
Slightly off topic, but when people say the rear springs snap on Z4s do they mean literally? Isn't that quite dangerous if you're going around a corner at the time?
I think this comes down to personal circumstances.
OP, would the gearbox going bang cause unjust financial hardship compared to a £50/month warranty?
Just wondering whether you're better off putting the same money into a "bork fund", or whether you need to mitigate the risk with the warranty.
OP, would the gearbox going bang cause unjust financial hardship compared to a £50/month warranty?
Just wondering whether you're better off putting the same money into a "bork fund", or whether you need to mitigate the risk with the warranty.
seopher said:
I think this comes down to personal circumstances.
OP, would the gearbox going bang cause unjust financial hardship compared to a £50/month warranty?
Just wondering whether you're better off putting the same money into a "bork fund", or whether you need to mitigate the risk with the warranty.
If something major did go wrong it would pretty much be an uneconomic repair as the car is £4,600. Looking at the BMW warranty I'm very confused. You seem to be able to have a pay as you go scheme, but surely people would just sign up when something major goes wrong, pay for a month and then stop the policy? I can't believe this is possible but reading the policy documents I can't see what prevents you doing this. Am I missing something?OP, would the gearbox going bang cause unjust financial hardship compared to a £50/month warranty?
Just wondering whether you're better off putting the same money into a "bork fund", or whether you need to mitigate the risk with the warranty.
Taz1383 said:
It's strange that people go german for reliability yet shell out thousands on maintenance. Where's the logic?
I think people "go German" for reasons beyond reliability. Such as body style, image, interior, performance and in my experience of VAG products they have been very reliable for me. Obviously others have different experiences though.Also lots of makes cost a considerable amount when some of their issues arise, hence owners often pay for a warranty regardless of the make they buy.
duckers26 said:
If something major did go wrong it would pretty much be an uneconomic repair as the car is £4,600. Looking at the BMW warranty I'm very confused. You seem to be able to have a pay as you go scheme, but surely people would just sign up when something major goes wrong, pay for a month and then stop the policy? I can't believe this is possible but reading the policy documents I can't see what prevents you doing this. Am I missing something?
Don't know about BMW but there's normally a waiting period before you can claim.You're right to be concerned about the value - I have a warranty on my Merc and regard it as safety net for major failures, but it's also at the point where a major failure would write the car off.
If you go for a warranty, check the service history requirements and make sure your car meets them. It would be easy to refuse a claim if the service history is iffy.
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Hi, yes the quotes were all done online rather than through a dealer. If anyone else has experience of the BMW warranty could they let me know what I am missing as it seems to let you sign up at any time, pay monthly with no contract and have no waiting period before you claim. Too good to be true!
taylor172 said:
stay away from warranty wise, In my experience they are not worth the paper they are written on (sorry quentin)
I'd go with Warranty Wise. In my experience they did a very good job whenever I needed them. Even the garages who dealt with them on my behalf commented on their good service. (I love you Quentin).Gassing Station | General Gassing | Top of Page | What's New | My Stuff