E90Post
 


TireRack
 
BMW 3-Series (E90 E92) Forum > E90 / E92 / E93 3-series Technical Forums > Mechanical Maintenance: Break-in / Oil & Fluids / Servicing / Warranty > Extended Warranty - suggestion



Reply
 
Thread Tools Search this Thread
      06-01-2009, 09:33 PM   #1
munu
Private First Class
 
Drives: 335i e90
Join Date: Jul 2008
Location: FL

Posts: 177
iTrader: (0)

Extended Warranty - suggestion

Hi
I have a 07 335i e90 with around 22K miles. I am planning to keep the car for 3-4 years so started shopping for extended warranty. Best quote I got was from Mecury insurance group which is offering 5yrs (from coverage date)/75K platinum coverage for around $1800. Do you think it is a good price? Any suggestion on who else can I call to get the price. Called Paragon motor club and they are offering similar coverage for $2500.

With plantinum coverage they have some exclusion that is not covered by the insurance. Since this is my first BMW, can somebody please let me know what are the common things that can go bad after 50K miles on BMW, I just wanted to make sure that those are not excluded.

Thanks in advance
munu is offline  
0
Reply With Quote
      06-01-2009, 10:12 PM   #2
Noc57
Lieutenant Colonel
 
Noc57's Avatar
 
Drives: e92 335
Join Date: Dec 2008
Location: Orlando, FL

Posts: 1,868
iTrader: (0)

1.) First off I personally would never buy an extended warranty, which typically only covers issues related to the drive-train, and is NEVER the same as a factory warranty. (Waste of $$ IMO)

2.) You can't predict what's going to happen, no one can tell you what's going to go wrong with YOUR car. It all depends on what happens. 335's are still to early to tell reliability.

....But hey, at least BMW has extended your warranty on HPFP to 10 years or 120K miles. So you don't have that to worry about.
Noc57 is offline  
0
Reply With Quote
      06-02-2009, 08:37 AM   #3
Vamshi
Private
 
Drives: 06 325i/prem/sport/xenon
Join Date: Apr 2009
Location: Grand Rapids

Posts: 57
iTrader: (0)

The same with me..........i've been doing the warranty search all over....

finally i wont be buying it....mine is a 06325i with prem/sport with 34k miles....the price was $3200....i talked to some of my friends and forum members....almost 80% people say it is a scam......

when you actually get a repair.....if it is a small one they just do it....if not they try to find some ridiculous reasons to prove that that repair is not covered under warranty.....

if you still want buy....i would recommend carchex or warrantydirect...
Vamshi is offline  
0
Reply With Quote
      06-02-2009, 08:55 AM   #4
stressdoc
Moderator
 
stressdoc's Avatar
 
Drives: F80 YMB
Join Date: Jun 2005
Location: MO

Posts: 10,127
iTrader: (0)

Check with your dealer. That way you get a BMW plan that is reliable.
stressdoc is offline   Dominica
0
Reply With Quote
      06-02-2009, 09:04 AM   #5
EDK99
Captain
 
Drives: 07 E85 M
Join Date: Jul 2006
Location: FL

Posts: 935
iTrader: (0)

I skipped getting the warranty. I have 56k on my 07 and now with the fuel pump being extended to 120k I'm not to worried. The dealer wanted $3,500 for the extended warranty. I'd rather keep the $3,500 in my bank then in the dealers pocket.

I was also thinking of getting the extended maintenance but even that was like $2,200. I'm going to do my own brakes so it is just not worth it.
__________________
2007 e85
Imola Red | Black Leather | Carbon Leather Trim | Premium | Navigation | Heated Seats
EDK99 is offline   United_States
0
Reply With Quote
      06-02-2009, 10:50 AM   #6
munu
Private First Class
 
Drives: 335i e90
Join Date: Jul 2008
Location: FL

Posts: 177
iTrader: (0)

Quote:
Originally Posted by stressdoc View Post
Check with your dealer. That way you get a BMW plan that is reliable.
Dealer is asking over $2500 and they also buy it from 3rd party company, not BMW directly.
munu is offline  
0
Reply With Quote
      06-02-2009, 01:56 PM   #7
sbux
First Lieutenant
 
sbux's Avatar
 
Drives: 330i 06
Join Date: Apr 2009
Location: NY

Posts: 343
iTrader: (0)

not worth it unless you put over 20k miles a year and keep the car more than 5 yrs .........
sbux is offline  
0
Reply With Quote
      06-02-2009, 02:25 PM   #8
Vamshi
Private
 
Drives: 06 325i/prem/sport/xenon
Join Date: Apr 2009
Location: Grand Rapids

Posts: 57
iTrader: (0)

BTW.....are you the first owner of the car??

In that case BMW offers extended warranty on the vehicle.....I guess.....

and FYI....there is no single extended warranty which is backed by BMW.....I tried to get it CPOed too.....but the dealer quoted me ~$2500...but that warranty lasts for 2 more years or 100 k....

so i haven't even CPOed by car since its just at 34k and on average i can spend ~$1250 for repairs if something goes wrong with it..(not the maintanence items..mind you.... ..)...


IMPORTANT: IT DEPENDS ON UR VEHICLE HISTORY TOO....IF YOUR CAR HAS A CONSIDERABLE NUMBER OF REPAIRS SO FAR....MAY BE YOU SHOULD THINK ABOUT BUYING EW....
Vamshi is offline  
0
Reply With Quote
      06-02-2009, 02:27 PM   #9
Kyle_e90
First Lieutenant
 
Kyle_e90's Avatar
 
Drives: 2011 135i ,08 328i e90
Join Date: May 2009
Location: Rosemead,California

Posts: 375
iTrader: (0)

Garage List
2011 BMW 135i  [0.00]
2002 Impreza WRX  [0.00]
05 Mazda RX-8  [0.00]
2008 328i e90  [0.00]
07 Subaru STI  [0.00]
Quote:
Originally Posted by munu View Post
Dealer is asking over $2500 and they also buy it from 3rd party company, not BMW directly.
+1
________________
Kyle_e90 is offline   United_States
0
Reply With Quote
      06-02-2009, 04:59 PM   #10
munu
Private First Class
 
Drives: 335i e90
Join Date: Jul 2008
Location: FL

Posts: 177
iTrader: (0)

Quote:
Originally Posted by Vamshi View Post
BTW.....are you the first owner of the car??

In that case BMW offers extended warranty on the vehicle.....I guess.....

and FYI....there is no single extended warranty which is backed by BMW.....I tried to get it CPOed too.....but the dealer quoted me ~$2500...but that warranty lasts for 2 more years or 100 k....

so i haven't even CPOed by car since its just at 34k and on average i can spend ~$1250 for repairs if something goes wrong with it..(not the maintanence items..mind you.... ..)...


IMPORTANT: IT DEPENDS ON UR VEHICLE HISTORY TOO....IF YOUR CAR HAS A CONSIDERABLE NUMBER OF REPAIRS SO FAR....MAY BE YOU SHOULD THINK ABOUT BUYING EW....

Vamshi, I am not the first owner of the car. What I heard is that in Florida BMW does not provide extended warranty. Fields BMW in Orlando uses some National warranty company.

I just have little over an year left on my warranty and I am planning to keep the car for maybe 3 years atleast so kind of double minded. But based on reply of forum members I think it is not worth it. Maybe I will buy some stock for $2500 and use it for repair whenever needed

Only problem I had so far are related to Brake squeking, HPFP and Turbo lag software issue. Most of these are anyway not covered under extended warranty.

Last edited by munu; 06-02-2009 at 07:15 PM.
munu is offline  
0
Reply With Quote
      06-02-2009, 05:08 PM   #11
iheartsole
Brigadier General
 
iheartsole's Avatar
 
Drives: 08 335i coupe
Join Date: Apr 2007
Location: San Diego

Posts: 4,929
iTrader: (2)

I recommend BMW warranty as well more reliable
iheartsole is offline   No_Country
0
Reply With Quote
      06-04-2009, 08:33 AM   #12
Vamshi
Private
 
Drives: 06 325i/prem/sport/xenon
Join Date: Apr 2009
Location: Grand Rapids

Posts: 57
iTrader: (0)

Just got a call from carchex extended warranty........i said i decided not to buy the warranty.......

he say "oh...so you wanted to save some money??"........i said what do you mean??...

then....."nothing sir, thank you"...thats it............
Vamshi is offline  
0
Reply With Quote
      06-04-2009, 08:58 AM   #13
fdsasdasdf
Captain
 
fdsasdasdf's Avatar
 
Drives: 330Ci ZHP 6sp
Join Date: Apr 2009
Location: Raleigh, NC

Posts: 779
iTrader: (0)

Quote:
Originally Posted by Vamshi View Post
Just got a call from carchex extended warranty........i said i decided not to buy the warranty.......

he say "oh...so you wanted to save some money??"........i said what do you mean??...

then....."nothing sir, thank you"...thats it............


Even they know that it isn't worth it.
fdsasdasdf is offline  
0
Reply With Quote
      06-04-2009, 12:35 PM   #14
EvoTo335i
New Member
 
Drives: 335i
Join Date: May 2009
Location: Lafayette

Posts: 21
iTrader: (0)

3200 or 2200 for a extended warranty sounds really high. I got mine for alot less.
EvoTo335i is offline   United_States
0
Reply With Quote
      06-04-2009, 05:45 PM   #15
Pocket Rocket
Just another day!
 
Pocket Rocket's Avatar
 
Drives: 335i Coupe '08 Space Gray
Join Date: Sep 2008
Location: SD CA

Posts: 35
iTrader: (0)

My local credit union offers extended warranties at reasonable prices. It does not matter if you did not purchase the vehicle through them or even if you are a member or not.
Pocket Rocket is offline  
0
Reply With Quote
      06-04-2009, 06:40 PM   #16
nicknaz
Brigadier General
 
Drives: 2012 Z4 35i
Join Date: May 2008
Location: San Diego CA

Posts: 4,034
iTrader: (0)

ask about extending the new car warranty. or get the car CPO. its worth it since no one really knows what long term reliability of that car is like

other option i'd look for is going with mechanical breakdown insurance through your auto insurance provider (geico's coverage is something stupid cheap like $250/yr)

like any insurance product you need to read the policy contract end to end to find out what is covered what is excluded and what the reimbursement terms are to you. i would not want to keep a bmw out of new car warranty personally, but if forced to i would pick up mechanical breakdown insurance that includes electronics
nicknaz is offline   United_States
0
Reply With Quote
      06-04-2009, 08:02 PM   #17
kingka
Private
 
Drives: 2007 335i Sedan, spt/prem/cold
Join Date: May 2009
Location: Torrance, CA

Posts: 91
iTrader: (1)

Quote:
Originally Posted by Pocket Rocket View Post
My local credit union offers extended warranties at reasonable prices. It does not matter if you did not purchase the vehicle through them or even if you are a member or not.
+1
kingka is offline  
0
Reply With Quote
      06-04-2009, 08:24 PM   #18
bluescoupe
motorhead
 
bluescoupe's Avatar
 
Drives: 2011 335is coupe
Join Date: Mar 2008
Location: west coast, FL

Posts: 328
iTrader: (0)

Quote:
Originally Posted by munu View Post
Hi
I have a 07 335i e90 with around 22K miles. I am planning to keep the car for 3-4 years so started shopping for extended warranty. Best quote I got was from Mecury insurance group which is offering 5yrs (from coverage date)/75K platinum coverage for around $1800. Do you think it is a good price? Any suggestion on who else can I call to get the price. Called Paragon motor club and they are offering similar coverage for $2500.

With platinum coverage they have some exclusion that is not covered by the insurance. Since this is my first BMW, can somebody please let me know what are the common things that can go bad after 50K miles on BMW, I just wanted to make sure that those are not excluded.

Thanks in advance

I've had 4 policies with Mercury; 2 Platinum and 1 Gold. Platinum is no deductible, and aside from mirrors and glass, covered most things on 2 Audi S4 twin turbos, Mini Cooper S and Chrysler Minivan. Have to say they paid for themselves! Not too much hassle at claim time.
bluescoupe is offline  
0
Reply With Quote
      07-16-2009, 09:49 PM   #19
Schafer
Private
 
Schafer's Avatar
 
Drives: 06 Jet Blk 330i
Join Date: Dec 2005
Location: Orlando, FL

Posts: 89
iTrader: (0)

Garage List
2006 E90 330i  [0.00]
Stay away from National Warranty of Florida, Inc. They are rated F, I spoke to Fields Orlando about this because they recommend them. Use the website www.fldfs.com to check out a company. I'm still shopping as well but running out of time. Warranty Direct is my current first choice but they are expensive. I have purchased extended warranty on last three cars and they all paid for themselves thus far, also adds to resell value.
Schafer is offline   United_States
0
Reply With Quote
      07-24-2009, 11:06 AM   #20
rambalu80
Captain
 
rambalu80's Avatar
 
Drives: 2007 BMW 328i
Join Date: Apr 2007
Location: Lake Jackson TX

Posts: 987
iTrader: (2)

Garage List
2007 328i  [0.00]
Quote:
Originally Posted by Nick Nazareno View Post
ask about extending the new car warranty. or get the car CPO. its worth it since no one really knows what long term reliability of that car is like

other option i'd look for is going with mechanical breakdown insurance through your auto insurance provider (geico's coverage is something stupid cheap like $250/yr)

like any insurance product you need to read the policy contract end to end to find out what is covered what is excluded and what the reimbursement terms are to you. i would not want to keep a bmw out of new car warranty personally, but if forced to i would pick up mechanical breakdown insurance that includes electronics
Just called Geico and the cost for the policy is anywhere between $25 - $70 (depending on the car) every 6 months which does sound dirt cheap. There is a $250 deductible per claim and the catch is that your car should be less than 15 months and have less than 15,000 miles to be eligible!
rambalu80 is offline   United_States
0
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 11:55 AM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST