640d - do I renew my warranty
Discussion
V6Alfisti said:
Are modern Beemers that unreliable? I have had TVR/Maserati's that have need minimal maintenance i.e just a service and odd new bush.
Scary, isn't it. Supposed premium vehicles with great German engineering. I guess they are wonderful when they run right. Costly when they don't.Mondial, who do the BMW extended warranty are very good from what I've seen and heard.
Buying a warranty through a dealer isn't a zero sum game with regards to costs.
Yes they have to turn a profit, but they will get parts at trade and discounted labour.
I'd be doing it for another year if you need the car, or I'd be doing the maths to see what I could lease.
Buying a warranty through a dealer isn't a zero sum game with regards to costs.
Yes they have to turn a profit, but they will get parts at trade and discounted labour.
I'd be doing it for another year if you need the car, or I'd be doing the maths to see what I could lease.
jonah35 said:
Trouble is £1500 is £125 pm. Plus paying for a heavily depreciating car. Plus non warranty claims. Plus heavy tax. Plus car finance payments.
All of a sudden its not cheap motoring. Lets say £30pm tax £125 warranty, £300-400pm depreciation, non warranty claims £30 pm, £50 pm finance cost or whatever and its pretty costly for a 6 year old car with old tech.
Youre verging towards leasing a new car being cheaper or at least better value eg a new e class, new a8 or whatever.
Mileage is your big killer but that will be killing residuals on your car too. In 2 years it will be a 106k mile car worth verry little.
Id chop it in and see what lease deal you can get on a car with higher mileage limits.
I only bought it in March!All of a sudden its not cheap motoring. Lets say £30pm tax £125 warranty, £300-400pm depreciation, non warranty claims £30 pm, £50 pm finance cost or whatever and its pretty costly for a 6 year old car with old tech.
Youre verging towards leasing a new car being cheaper or at least better value eg a new e class, new a8 or whatever.
Mileage is your big killer but that will be killing residuals on your car too. In 2 years it will be a 106k mile car worth verry little.
Id chop it in and see what lease deal you can get on a car with higher mileage limits.
I thought long and hard about this but a similar lease car with 25k is £6pa.
In relation to the tech, the current model as far as I'm aware is nearly identical
My car should be worth £8-£10k in 4 years time.
Over the 5 year period it'll have cost me £25k minus the £8-10k residual value. (Excluding warranty)
£
jonah35 said:
Trouble is £1500 is £125 pm. Plus paying for a heavily depreciating car. Plus non warranty claims. Plus heavy tax. Plus car finance payments.
All of a sudden its not cheap motoring. Lets say £30pm tax £125 warranty, £300-400pm depreciation, non warranty claims £30 pm, £50 pm finance cost or whatever and its pretty costly for a 6 year old car with old tech.
Youre verging towards leasing a new car being cheaper or at least better value eg a new e class, new a8 or whatever.
Mileage is your big killer but that will be killing residuals on your car too. In 2 years it will be a 106k mile car worth verry little.
Id chop it in and see what lease deal you can get on a car with higher mileage limits.
My costs are as followsAll of a sudden its not cheap motoring. Lets say £30pm tax £125 warranty, £300-400pm depreciation, non warranty claims £30 pm, £50 pm finance cost or whatever and its pretty costly for a 6 year old car with old tech.
Youre verging towards leasing a new car being cheaper or at least better value eg a new e class, new a8 or whatever.
Mileage is your big killer but that will be killing residuals on your car too. In 2 years it will be a 106k mile car worth verry little.
Id chop it in and see what lease deal you can get on a car with higher mileage limits.
£285 per month
£15 per month tax
Deprecation isn't really a double cost, I put a £10k deposit down and should be worth that roughly in 4 years time, so really he monthly finance is the depreciation.
I had a TT V6 before, when working out my monthly costs it was only an
extra £75 pm or so to upgrade.
It's not too bad IMHO
This thread has really made me laugh, cheers.
But on a serious note, I bought a fairly new secondhand Nissan note 6 years ago for about £7k iirc. Maybe worth £3k now. I have spent £50 per year mot + £210 road tax + maybe £100 per year average on maintainence (I do myself so just parts).
So depreciation + costs = £1027 per year, or £85 quid a month, all in.
I'm earning ok money, I really can't see how people can afford the kind of sums as per the OP?! (Not a dig at the OP). I just couldn't manage it.
But on a serious note, I bought a fairly new secondhand Nissan note 6 years ago for about £7k iirc. Maybe worth £3k now. I have spent £50 per year mot + £210 road tax + maybe £100 per year average on maintainence (I do myself so just parts).
So depreciation + costs = £1027 per year, or £85 quid a month, all in.
I'm earning ok money, I really can't see how people can afford the kind of sums as per the OP?! (Not a dig at the OP). I just couldn't manage it.
T16OLE said:
jonah35 said:
Trouble is £1500 is £125 pm. Plus paying for a heavily depreciating car. Plus non warranty claims. Plus heavy tax. Plus car finance payments.
All of a sudden its not cheap motoring. Lets say £30pm tax £125 warranty, £300-400pm depreciation, non warranty claims £30 pm, £50 pm finance cost or whatever and its pretty costly for a 6 year old car with old tech.
Youre verging towards leasing a new car being cheaper or at least better value eg a new e class, new a8 or whatever.
Mileage is your big killer but that will be killing residuals on your car too. In 2 years it will be a 106k mile car worth verry little.
Id chop it in and see what lease deal you can get on a car with higher mileage limits.
My costs are as followsAll of a sudden its not cheap motoring. Lets say £30pm tax £125 warranty, £300-400pm depreciation, non warranty claims £30 pm, £50 pm finance cost or whatever and its pretty costly for a 6 year old car with old tech.
Youre verging towards leasing a new car being cheaper or at least better value eg a new e class, new a8 or whatever.
Mileage is your big killer but that will be killing residuals on your car too. In 2 years it will be a 106k mile car worth verry little.
Id chop it in and see what lease deal you can get on a car with higher mileage limits.
£285 per month
£15 per month tax
Deprecation isn't really a double cost, I put a £10k deposit down and should be worth that roughly in 4 years time, so really he monthly finance is the depreciation.
I had a TT V6 before, when working out my monthly costs it was only an
extra £75 pm or so to upgrade.
It's not too bad IMHO
My point being it could be as cost effective to have a brand new car with no worry about things going wrong for a similar cost.
Of course, if the op has discounted this option then fair enough.
If it were me i think whether i went for the warranty or not would depend on if i could afford to take the risk. If you have lots in the bank and the car isnt a large stretch for you then no warranty. If you have no savings etc then go warranty.
CoolHands said:
This thread has really made me laugh, cheers.
But on a serious note, I bought a fairly new secondhand Nissan note 6 years ago for about £7k iirc. Maybe worth £3k now. I have spent £50 per year mot + £210 road tax + maybe £100 per year average on maintainence (I do myself so just parts).
So depreciation + costs = £1027 per year, or £85 quid a month, all in.
I'm earning ok money, I really can't see how people can afford the kind of sums as per the OP?! (Not a dig at the OP). I just couldn't manage it.
The reality is people can often earn more than the man in the street would think. Often people are older, have had inheritances, have a 2 income household, have parents to back them up but mainly it simply comes down to them earning more money.But on a serious note, I bought a fairly new secondhand Nissan note 6 years ago for about £7k iirc. Maybe worth £3k now. I have spent £50 per year mot + £210 road tax + maybe £100 per year average on maintainence (I do myself so just parts).
So depreciation + costs = £1027 per year, or £85 quid a month, all in.
I'm earning ok money, I really can't see how people can afford the kind of sums as per the OP?! (Not a dig at the OP). I just couldn't manage it.
It's not too much of a struggle, I earn a reasonable amount, no kids, no expensive hobbies etc.
I toyed with the idea of leasing a 335d cost was £5k pa on 18k miles. So over a five year period would've cost me
£25k + mileage overrun.
Mine over the period will cost me £16k + maintenance.
I suppose really, it comes down to: will the likely repairs be in excess of the cost of the warranty for the remaining period. That's a question nobody can answer at the moment. It is a chunk of cash but then something like IDrive failure or a turbo issue could wipe out any saving in one hit.
If I plan to 100k in the thing taking it to 150k one chance of at least one big bill is probably high
I toyed with the idea of leasing a 335d cost was £5k pa on 18k miles. So over a five year period would've cost me
£25k + mileage overrun.
Mine over the period will cost me £16k + maintenance.
I suppose really, it comes down to: will the likely repairs be in excess of the cost of the warranty for the remaining period. That's a question nobody can answer at the moment. It is a chunk of cash but then something like IDrive failure or a turbo issue could wipe out any saving in one hit.
If I plan to 100k in the thing taking it to 150k one chance of at least one big bill is probably high
T16OLE said:
It's not too much of a struggle, I earn a reasonable amount, no kids, no expensive hobbies etc.
I toyed with the idea of leasing a 335d cost was £5k pa on 18k miles. So over a five year period would've cost me
£25k + mileage overrun.
Mine over the period will cost me £16k + maintenance.
I suppose really, it comes down to: will the likely repairs be in excess of the cost of the warranty for the remaining period. That's a question nobody can answer at the moment. It is a chunk of cash but then something like IDrive failure or a turbo issue could wipe out any saving in one hit.
If I plan to 100k in the thing taking it to 150k one chance of at least one big bill is probably high
If you are keeping it for that lonh then get the warranty and hope the big stuff goes just inside it. I toyed with the idea of leasing a 335d cost was £5k pa on 18k miles. So over a five year period would've cost me
£25k + mileage overrun.
Mine over the period will cost me £16k + maintenance.
I suppose really, it comes down to: will the likely repairs be in excess of the cost of the warranty for the remaining period. That's a question nobody can answer at the moment. It is a chunk of cash but then something like IDrive failure or a turbo issue could wipe out any saving in one hit.
If I plan to 100k in the thing taking it to 150k one chance of at least one big bill is probably high
T16OLE said:
It's not too much of a struggle, I earn a reasonable amount, no kids, no expensive hobbies etc.
I toyed with the idea of leasing a 335d cost was £5k pa on 18k miles. So over a five year period would've cost me
£25k + mileage overrun.
Mine over the period will cost me £16k + maintenance.
I suppose really, it comes down to: will the likely repairs be in excess of the cost of the warranty for the remaining period. That's a question nobody can answer at the moment. It is a chunk of cash but then something like IDrive failure or a turbo issue could wipe out any saving in one hit.
If I plan to 100k in the thing taking it to 150k one chance of at least one big bill is probably high
Running that car at 25k a year for business past 100k within main dealer and main dealer warranty will not be economical vs lease near equivalent. I toyed with the idea of leasing a 335d cost was £5k pa on 18k miles. So over a five year period would've cost me
£25k + mileage overrun.
Mine over the period will cost me £16k + maintenance.
I suppose really, it comes down to: will the likely repairs be in excess of the cost of the warranty for the remaining period. That's a question nobody can answer at the moment. It is a chunk of cash but then something like IDrive failure or a turbo issue could wipe out any saving in one hit.
If I plan to 100k in the thing taking it to 150k one chance of at least one big bill is probably high
At 10 years old and 150k it will be worth around £5k maybe £6k. But never £10k.
Your example has just shown the ph lease haters just how leasing is better value than owning an older prestige car.
To shed some further light on this
It appears that there is two options
12 month policy
Monthly on going policy
Both are considerably cheap if under 60k (mines currently on 56k)
If I choose the on going monthly option it does not expire unless cackled by me.
However, my approved used car warranty expires in the spring, by that time title be over 60k.
It would make a huge difference in cost over the next 3 years if I'm able to take out the policy prior to hitting 60k.
Does anyone know if that's acceptable to them?
I.e having existing AUC cover and purchasing a Mondale warranty prior to its expiration.
The difference is cost is about £60 per month!!!
It appears that there is two options
12 month policy
Monthly on going policy
Both are considerably cheap if under 60k (mines currently on 56k)
If I choose the on going monthly option it does not expire unless cackled by me.
However, my approved used car warranty expires in the spring, by that time title be over 60k.
It would make a huge difference in cost over the next 3 years if I'm able to take out the policy prior to hitting 60k.
Does anyone know if that's acceptable to them?
I.e having existing AUC cover and purchasing a Mondale warranty prior to its expiration.
The difference is cost is about £60 per month!!!
T16OLE said:
To shed some further light on this
It appears that there is two options
12 month policy
Monthly on going policy
Both are considerably cheap if under 60k (mines currently on 56k)
If I choose the on going monthly option it does not expire unless cackled by me.
However, my approved used car warranty expires in the spring, by that time title be over 60k.
It would make a huge difference in cost over the next 3 years if I'm able to take out the policy prior to hitting 60k.
Does anyone know if that's acceptable to them?
I.e having existing AUC cover and purchasing a Mondale warranty prior to its expiration.
The difference is cost is about £60 per month!!!
You tell them what the milage is. It appears that there is two options
12 month policy
Monthly on going policy
Both are considerably cheap if under 60k (mines currently on 56k)
If I choose the on going monthly option it does not expire unless cackled by me.
However, my approved used car warranty expires in the spring, by that time title be over 60k.
It would make a huge difference in cost over the next 3 years if I'm able to take out the policy prior to hitting 60k.
Does anyone know if that's acceptable to them?
I.e having existing AUC cover and purchasing a Mondale warranty prior to its expiration.
The difference is cost is about £60 per month!!!
When is you next service?
I think the total monthly cost inc warranty on a car like yours which still seems current is ok.
It starts to fall down on older metal. I had a 645 a couple of years back which although nice did seem a little out of date. So when I was faced with a decision like yours( 85k miles) I chose not to renew and changed cars shortly afterward.
It seemed to make more sense spending the money on a newer car rather than upkeep on an older one.
It starts to fall down on older metal. I had a 645 a couple of years back which although nice did seem a little out of date. So when I was faced with a decision like yours( 85k miles) I chose not to renew and changed cars shortly afterward.
It seemed to make more sense spending the money on a newer car rather than upkeep on an older one.
milu said:
I think the total monthly cost inc warranty on a car like yours which still seems current is ok.
It starts to fall down on older metal. I had a 645 a couple of years back
There are some cracking bargains on these in the various classifieds. Where else can you get 8 cylinders under £3kIt starts to fall down on older metal. I had a 645 a couple of years back
http://www.ebay.co.uk/itm/2004-Alpina-BMW-645ci-4-...
Does it matter of the idrive doesnt work?
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