Extended Warranty - Yes/No
Discussion
Hi guys, just after a bit of advice
I bought a 2007 (07) E92 335i last year as an AUC car, due to the time the warranty has expired. I have just done the online quote and even with an excess of £250 the payments are coming in at £34pm/£363pa (£50pm/£546 without)....
i know it will cover me if anything happens but is it worth it? I had the injectors and HPFP replaced under warranty 8 months ago and use the car for about 5k a year - have access to a E90 318d for long journeys. What complicates things is that i am likely to sell it after lemans (I want a house!) so don't know weather it would be worth it?
On a separate note the car is currently in an AUC dealership body shop and has been for a month now after being hit on the NS wheel. The damage although not looking to bad (fully detailed in a previous post) caused some fairly decent mechanical damage to the rear NS. The suspension, alloy and rear bumper are beyond saving although the rear quarter is repairable. The BMW approach is to fix the suspension then do an alignment check before checking the subframe/axle, however the car took a right knock, causing a half turn of lock to counteract crabbing as well as a load of warning lights and a sensation of having an egg shaped wheel (vibration). is there any way on insisting on an x-ray/replacement as i want it to be 100% as i plan to track the car in the future?
I also presume that a warranty problem - noisy, whirring and slow seat motor will be fixed as i reported it prior to the warranty expiry date (19/01) - I presume that these will be fixed?
Thanks for all help in advance
I bought a 2007 (07) E92 335i last year as an AUC car, due to the time the warranty has expired. I have just done the online quote and even with an excess of £250 the payments are coming in at £34pm/£363pa (£50pm/£546 without)....
i know it will cover me if anything happens but is it worth it? I had the injectors and HPFP replaced under warranty 8 months ago and use the car for about 5k a year - have access to a E90 318d for long journeys. What complicates things is that i am likely to sell it after lemans (I want a house!) so don't know weather it would be worth it?
On a separate note the car is currently in an AUC dealership body shop and has been for a month now after being hit on the NS wheel. The damage although not looking to bad (fully detailed in a previous post) caused some fairly decent mechanical damage to the rear NS. The suspension, alloy and rear bumper are beyond saving although the rear quarter is repairable. The BMW approach is to fix the suspension then do an alignment check before checking the subframe/axle, however the car took a right knock, causing a half turn of lock to counteract crabbing as well as a load of warning lights and a sensation of having an egg shaped wheel (vibration). is there any way on insisting on an x-ray/replacement as i want it to be 100% as i plan to track the car in the future?
I also presume that a warranty problem - noisy, whirring and slow seat motor will be fixed as i reported it prior to the warranty expiry date (19/01) - I presume that these will be fixed?
Thanks for all help in advance
I guess it depends on your attitude to risk. If you're only keeping the car until the summer and use it infrequently it may be worth taking the chance and pocketing the cost yourself so you can put this towards any problems if they arise.
Plus, how do you intend to sell it? If you want to go privately I'd expect a transferable BMW warranty (I think only the annual policies are transferable) would give a prospective buyer peace of mind. If you plan on trading in it wouldn't make a difference.
And if you've already notified BMW of the problem with your seat before the warranty expired I'd expect them to fix it under the terms of the warranty.
Plus, how do you intend to sell it? If you want to go privately I'd expect a transferable BMW warranty (I think only the annual policies are transferable) would give a prospective buyer peace of mind. If you plan on trading in it wouldn't make a difference.
And if you've already notified BMW of the problem with your seat before the warranty expired I'd expect them to fix it under the terms of the warranty.
E30M3SE said:
If you're going to sell privately then the balance of a 12 month warranty will be a major selling point, if you put an annual warranty on it.
I agree with this, it will make a private sale much easier. Its a complicated car, £350 a year for peace of mind is reasonable. Annual warranty can be paid monthly and transferred.A thousand times YES. It will immeasureably increase your ownership enjoyment because when, not if, it breaks, it isnt your problem.
Go for zero excess but dump Emergency Service if you want to save a bit, this is about 400 quid. If its near 60k miles put it on a monthly plan, the price goes up over 60k miles but if you get it on a monthly plan before the 60k mark the price stays the same.
You'd have to be bonkers not to buy the comprehensive warranty at the prices they ask for, especially on a 335i.
Go for zero excess but dump Emergency Service if you want to save a bit, this is about 400 quid. If its near 60k miles put it on a monthly plan, the price goes up over 60k miles but if you get it on a monthly plan before the 60k mark the price stays the same.
You'd have to be bonkers not to buy the comprehensive warranty at the prices they ask for, especially on a 335i.
I'd say yes too. If you will be selling it soon though it will have a bearing on wether you go annual or monthly. Or if you are trading or selling private.
Assuming private, if you go monthly and you are sub 60k now then you sell over 60k, the new buyers monthly premium will be re assessed on what the miles are when he buys it, so it could be a lot more which he won't want to pay and hence the warranty may be no good to him. If you get annual and there is some left, be it 3/6/9 months, then that's a good selling point, because its 'free' to him. That's what i was told by BMW anyway.
If you trade in you just cash in the remainder of the warranty.
Having said that, its not helped selling mine! Unless you give them away, you sometimes have to wait a while for a buyer interested in a large petrol engined car to pop up these days, there's not too many of us left!
Assuming private, if you go monthly and you are sub 60k now then you sell over 60k, the new buyers monthly premium will be re assessed on what the miles are when he buys it, so it could be a lot more which he won't want to pay and hence the warranty may be no good to him. If you get annual and there is some left, be it 3/6/9 months, then that's a good selling point, because its 'free' to him. That's what i was told by BMW anyway.
If you trade in you just cash in the remainder of the warranty.
Having said that, its not helped selling mine! Unless you give them away, you sometimes have to wait a while for a buyer interested in a large petrol engined car to pop up these days, there's not too many of us left!
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