Thought on excess on insured BMW warranty please
Discussion
Hi
Wrestling with this need some input as my life is all about finances at moment.
My 3 year old F30 330d pleasantly surprised at carrying on BMWs ins whatever I decide im going comprehensive with assistance
£100 excess is £55 a month
£250 excess is £47 a month
I will do about 25/28k in the next year have done 58k so a year with no claims on a £100 has cost me extra £84 one claim on £250 and I lose £65 what to do
In 3 years I had just one warranty issue the green light on the gear stick cost incredibly £750!!
so what would you do chaps cheers , re excess its all about will I have to make one claim in that year
Wrestling with this need some input as my life is all about finances at moment.
My 3 year old F30 330d pleasantly surprised at carrying on BMWs ins whatever I decide im going comprehensive with assistance
£100 excess is £55 a month
£250 excess is £47 a month
I will do about 25/28k in the next year have done 58k so a year with no claims on a £100 has cost me extra £84 one claim on £250 and I lose £65 what to do
In 3 years I had just one warranty issue the green light on the gear stick cost incredibly £750!!
so what would you do chaps cheers , re excess its all about will I have to make one claim in that year
Edited by smashy on Monday 25th September 17:39
REALIST123 said:
In all honesty, I'd rewrite your post so it makes some sense and check your maths and then you might get a response, though for the amounts involved does it really matter?
You never fail to disappoint , your pomposity always makes me laugh. If it didnt make sense how could you have made an assessment which you did and in your haste to get one over on me (as you like to do) you obviously did not read my first paragraph.oh and woopeedo my£65 should have been £66. wow just wowThanks for reaching out.
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Edited by smashy on Tuesday 26th September 11:18
It's very simple, over a 12 month period.
£100 excess & £55 a month = £660 guaranteed outlay. £760 claim required to break even
£250 excess & £47 a month = £564 guaranteed outlay. £814 claim required to break even
So the first question is:
1. What does the warranty cover?
2. What is the likelihood of any of the covered components breaking?
3. What are they going to cost to fix?
If you think s
t isn't going to go wrong; you don't take a warranty and put the money aside in a bork fund.
If you think st isn't going to go wrong but want the snuggly feeling of having a warranty; you pick the lowest guaranteed outlay.
If you expect st to go wrong you pick the one that has the lowest break even value.
All in all is £8 a month or £54 total difference in the event of a claim really a dilemma?
£100 excess & £55 a month = £660 guaranteed outlay. £760 claim required to break even
£250 excess & £47 a month = £564 guaranteed outlay. £814 claim required to break even
So the first question is:
1. What does the warranty cover?
2. What is the likelihood of any of the covered components breaking?
3. What are they going to cost to fix?
If you think s
t isn't going to go wrong; you don't take a warranty and put the money aside in a bork fund.If you think s
t isn't going to go wrong but want the snuggly feeling of having a warranty; you pick the lowest guaranteed outlay.If you expect s
t to go wrong you pick the one that has the lowest break even value.All in all is £8 a month or £54 total difference in the event of a claim really a dilemma?
Edited by xxChrisxx on Tuesday 26th September 12:50
Fair enough. Carry on making semi literate and numerate posts, though to be honest I shouldn't have expected more from you.
Your post intrigued me with its appalling grammar, lack of clarity about what you were actually talking about and the apparent errors in the maths
Just to clarify, £8 a month (£55-£47) difference is £96 each year, not £84.
On that basis I would say the risk on 1 claim on a £250 excess, is an extra £54. But I'm just guessing, perhaps you're right.........
Anyway, on you go, I'm sure you'll know best whatever.
There're worse things to be than pompous BTW, as I'm sure you know.
Your post intrigued me with its appalling grammar, lack of clarity about what you were actually talking about and the apparent errors in the maths
Just to clarify, £8 a month (£55-£47) difference is £96 each year, not £84.
On that basis I would say the risk on 1 claim on a £250 excess, is an extra £54. But I'm just guessing, perhaps you're right.........
Anyway, on you go, I'm sure you'll know best whatever.
There're worse things to be than pompous BTW, as I'm sure you know.
Edited by anonymous-user on Tuesday 26th September 12:51
MrBarry123 said:
What are the monthlies on the £0 excess option?
Hello MrBarry 123 £74.a month. As I said one claim in a year is the difference I will probably go for £100.xxchhrisxx your right in the scheme of things have to agree.Cheers
Edited by smashy on Tuesday 26th September 14:09
My 2 year old X3 has just had four corroded alloys replaced at BMW's expense .. retail cost about £2500 ... if I keep it beyond three years I'll prob extend the warranty there's a heck of a lot of expensive electrickery on it
My last BMW had both adaptive headlights replaced at £750 each plus labour and other bits to make it work, and a rear brake sensor thingy in year four .. total about £3k
My Zed (11 years old) had its ABS system replaced under warranty at £2600 ! Last year
Glad I paid £400 for the warranty for it
My last BMW had both adaptive headlights replaced at £750 each plus labour and other bits to make it work, and a rear brake sensor thingy in year four .. total about £3k
My Zed (11 years old) had its ABS system replaced under warranty at £2600 ! Last year
Glad I paid £400 for the warranty for it
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