BMW WARRANTY - ANY GOOD?
Discussion
Looking at buying a 2nd gen X5, 2008 - 2009 model with approx 60-75,000 miles on it (given my budget).
Having looked at various warranties for peace of mind, has anyone had any experience with BMW warranty? They seem the best on the market (in comparison to RAC, Warranty Wise - whom I understand all try to wriggle out of paying when you ever make a claim)?
Thank you kindly.
Having looked at various warranties for peace of mind, has anyone had any experience with BMW warranty? They seem the best on the market (in comparison to RAC, Warranty Wise - whom I understand all try to wriggle out of paying when you ever make a claim)?
Thank you kindly.
rassi said:
Only warranty worth having but you will find that the price goes through the roof if you try to warranty a car with more than 60k. Trick is to put it on before 60k and keep it on monthly payments.
Thank you and noted. What happens when the car goes over 60k miles though (assuming I got the warranty when the car had done under 60k)? Surely BMW will ask what the mileage is when I claim? Am I right by thinking the monthly cost will be a lot cheaper if bought under 60k than over 60k? Sorry I have not bought a warranty before hence these questions.Edited by ugene425 on Sunday 27th May 07:54
ugene425 said:
Thank you and noted. What happens when the car goes over 60k miles though (assuming I got the warranty when the car had done under 60k)? Surely BMW will ask what the mileage is when I claim? Am I right by thinking the monthly cost will be a lot cheaper if bought under 60k than over 60k? Sorry I have not bought a warranty before hence these questions.
From memory the monthly cost is set when you start the warranty, and remains more or less constant for the duration (plus some adjustment for RPI increases). 60k miles is where BMW decide your warranty should cost you more, which is why it’s better to pay monthly than yearly if you’re approaching that sort of mileage. Edited by ugene425 on Sunday 27th May 07:54
ugene425 said:
Thank you and noted. What happens when the car goes over 60k miles though (assuming I got the warranty when the car had done under 60k)? Surely BMW will ask what the mileage is when I claim? Am I right by thinking the monthly cost will be a lot cheaper if bought under 60k than over 60k? Sorry I have not bought a warranty before hence these questions.
Last year the bells and whistles bmw warranty for our 5 series was just under £600. It was just under 60k miles. Edited by anonymous-user on Sunday 27th May 07:54
This year on 72k the same warranty has gone up to £1500 or there about.
Faz50 said:
Last year the bells and whistles bmw warranty for our 5 series was just under £600. It was just under 60k miles.
This year on 72k the same warranty has gone up to £1500 or there about.
Right I see! Well the question is whether it is worth paying over £1000 per annum for the warranty moving forward.This year on 72k the same warranty has gone up to £1500 or there about.
DanL said:
From memory the monthly cost is set when you start the warranty, and remains more or less constant for the duration (plus some adjustment for RPI increases). 60k miles is where BMW decide your warranty should cost you more, which is why it’s better to pay monthly than yearly if you’re approaching that sort of mileage.
You say it is better to pay monthly, than yearly. can you kindly elaborate on this point please? thank you.ugene425 said:
You say it is better to pay monthly, than yearly. can you kindly elaborate on this point please? thank you.
It depends what mileage your car has when you start the warranty. If it’s, say, 55k and you do 10k per year, you know you’ll be over 60k in a year’s time. If you pay yearly you will have to renew, and they will charge more for a car with 60k miles, as in the example of our friend above.
If you pay monthly, the policy doesn’t need renewing - it runs as long as you keep paying, and you pay the same amount each month. This means you have the same payments (let’s say £65/month) as you did when your car had 55k miles, even in a year’s time when you are on 65k...
DanL said:
It depends what mileage your car has when you start the warranty. If it’s, say, 55k and you do 10k per year, you know you’ll be over 60k in a year’s time.
If you pay yearly you will have to renew, and they will charge more for a car with 60k miles, as in the example of our friend above.
If you pay monthly, the policy doesn’t need renewing - it runs as long as you keep paying, and you pay the same amount each month. This means you have the same payments (let’s say £65/month) as you did when your car had 55k miles, even in a year’s time when you are on 65k...
I am with you now, thank you for clarifying If you pay yearly you will have to renew, and they will charge more for a car with 60k miles, as in the example of our friend above.
If you pay monthly, the policy doesn’t need renewing - it runs as long as you keep paying, and you pay the same amount each month. This means you have the same payments (let’s say £65/month) as you did when your car had 55k miles, even in a year’s time when you are on 65k...
ugene425 said:
I am with you now, thank you for clarifying
No problem. I note above you ask if BMW check the mileage when you claim. I imagine they do, but it’s not “you” that claims in my experience. The BMW garage you’re having the warranty work done with will claim on your behalf. As far as I know, the dealer will see that your car has a BMW warranty, and what level that warranty is at so they know the level of cover. I’ve not encountered issues with mileage limits. On the plus side, I have found the warranty to be excellent - if they tell you it’s covered then you don’t pay, and most of the stuff I expected to be covered was. You can see the history of my old 650 in my profile, which shows what the warranty picked up and what I had to pay for.
Helicopter123 said:
It's a decent warranty and if taken out with under 60k on the clock, good value as well.
And I assume one should choose the 'comprehensive warranty' level (there are three cheaper ones) - for the max cover on the vehicle? The cheaper levels - I ask if there any point as you can almost guarantee that whatever goes wrong won't be covered!Also when I come to make a claim, do I have to take the car into a BMW dealer to get fixed (and thus pay the extortionate labour costs etc)? Or can a local garage fix the car (cheaper labour etc)?
ugene425 said:
Helicopter123 said:
It's a decent warranty and if taken out with under 60k on the clock, good value as well.
And I assume one should choose the 'comprehensive warranty' level (there are three cheaper ones) - for the max cover on the vehicle? The cheaper levels - I ask if there any point as you can almost guarantee that whatever goes wrong won't be covered!Also when I come to make a claim, do I have to take the car into a BMW dealer to get fixed (and thus pay the extortionate labour costs etc)? Or can a local garage fix the car (cheaper labour etc)?
Enjoy the expensive coffee and most likely the courtesy car too.
The BMW warranty is excellent.
My father extended his when he owned a 3 series - it saved him a couple of big bills.
I extended mine on my Cooper S ... damm good job I did too ....
High Pressure Fuel pump
Vanos solenoid
Boot switch (which was apparently about £800 once all painted and fitted)
My father extended his when he owned a 3 series - it saved him a couple of big bills.
I extended mine on my Cooper S ... damm good job I did too ....
High Pressure Fuel pump
Vanos solenoid
Boot switch (which was apparently about £800 once all painted and fitted)
I’ve got the BMW electrical and mechanical extended warranty - it’s convient and comparable to 3rd party ones on price - pre-discount.
When I originally had the warrantywise one for three years on a golf it was excellent(ish), but subsequently on my fiesta, warrantywise would insist on EOM parts (that usually didn’t fit or weren’t available) and would take one or two days to authorise plus one day for the part to arrive. Both warranties paid out 3-4 times their value so it was worth taking out on vehicles that were doing 15k+ miles per annum.
It also worth noting when the propshalf bearing went on the golf (4motion) at £4.5k cost and 120k miles - warrantywise sent out an engineer to say it was end of life and not fair wear and tear
. Most warranties now, including the BMW one, do not cover fair wear and tear beyond 100k to avoid this type of claim.
I’ve not claimed for anything big on the BMW extended but various forum posts seem indicate they generally pay out. Where the vehicle is well north of 100k they are open to discussions - particularly if you have had the warranty from manufacturer expiry date.
When I did my research on this, there were a fair number of f30 failures that sat well north of £4K - and that was at Indy prices - so if do the miles it’s got to be good for peace of mind.
When I originally had the warrantywise one for three years on a golf it was excellent(ish), but subsequently on my fiesta, warrantywise would insist on EOM parts (that usually didn’t fit or weren’t available) and would take one or two days to authorise plus one day for the part to arrive. Both warranties paid out 3-4 times their value so it was worth taking out on vehicles that were doing 15k+ miles per annum.
It also worth noting when the propshalf bearing went on the golf (4motion) at £4.5k cost and 120k miles - warrantywise sent out an engineer to say it was end of life and not fair wear and tear
. Most warranties now, including the BMW one, do not cover fair wear and tear beyond 100k to avoid this type of claim.I’ve not claimed for anything big on the BMW extended but various forum posts seem indicate they generally pay out. Where the vehicle is well north of 100k they are open to discussions - particularly if you have had the warranty from manufacturer expiry date.
When I did my research on this, there were a fair number of f30 failures that sat well north of £4K - and that was at Indy prices - so if do the miles it’s got to be good for peace of mind.
ugene425 said:
And I assume one should choose the 'comprehensive warranty' level (there are three cheaper ones) - for the max cover on the vehicle? The cheaper levels - I ask if there any point as you can almost guarantee that whatever goes wrong won't be covered!
Also when I come to make a claim, do I have to take the car into a BMW dealer to get fixed (and thus pay the extortionate labour costs etc)? Or can a local garage fix the car (cheaper labour etc)?
I’ve always gone with the top level of cover for peace of mind. As already mentioned, it’s a parts and labour warranty, so take the car to BMW and they’ll sort out everything for free if it’s covered.Also when I come to make a claim, do I have to take the car into a BMW dealer to get fixed (and thus pay the extortionate labour costs etc)? Or can a local garage fix the car (cheaper labour etc)?
ugene425 said:
Faz50 said:
Last year the bells and whistles bmw warranty for our 5 series was just under £600. It was just under 60k miles.
This year on 72k the same warranty has gone up to £1500 or there about.
Right I see! Well the question is whether it is worth paying over £1000 per annum for the warranty moving forward.This year on 72k the same warranty has gone up to £1500 or there about.
Just to be clear, Faz50 is most likely referring to the fact that he renews his warranty annually, and they will ask milage every year and adjust the premium accordingly.
If you take out the monthly option (i.e. not annual renewal) there is never a renewal per se so as long as you are below 60,000 miles when you start it, then the premium does not increase due to mileage.
The one thing to consider though, is that if you by an Approved Used Car from BMW then you will get a year's warranty. So in order for the lower cost monthly option to be available to you when you need to take it out, i.e. in a year's time, you need to be below 60,000 miles then, so you should be looking for a car at something like 50,000 miles now.
Edited by GT119 on Sunday 27th May 11:49
GT119 said:
OP, is this groundhog day?
Just to be clear, Faz50 is most likely referring to the fact that he renews his warranty annually, and they will ask milage every year and adjust the premium accordingly.
If you take out the monthly option (i.e. not annual renewal) there is never a renewal per se so as long as you are below 60,000 miles when you start it, then the premium does not increase due to mileage.
The one thing to consider though, is that if you by an Approved Used Car from BMW then you will get a year's warranty. So in order for the lower cost monthly option to be available to you when you need to take it out, i.e. in a year's time, you need to be below 60,000 miles then, so you should be looking for a car at something like 50,000 miles now.
Crystal clear, all very much appreciated chaps. Thank youJust to be clear, Faz50 is most likely referring to the fact that he renews his warranty annually, and they will ask milage every year and adjust the premium accordingly.
If you take out the monthly option (i.e. not annual renewal) there is never a renewal per se so as long as you are below 60,000 miles when you start it, then the premium does not increase due to mileage.
The one thing to consider though, is that if you by an Approved Used Car from BMW then you will get a year's warranty. So in order for the lower cost monthly option to be available to you when you need to take it out, i.e. in a year's time, you need to be below 60,000 miles then, so you should be looking for a car at something like 50,000 miles now.
Edited by GT119 on Sunday 27th May 11:49
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