Extended warranty or not?

Leg · 02-14-2011, 02:54 PM

She's 3 next month and BMW have offered extended warranty at £885 per year.

I do around 8,000 miles a year in the M3. Its a keeper too, I've added the JCW and intend to add a dedicated track car next and then other cars over the coming years.

So, thats the context, question is, is the extended warranty worth it?

M3maniac20 · 02-14-2011, 05:07 PM

If you really plan on keeping it for a long time then I think its completely worth it. It'll be expensive without it and its just peace of mind having it.
Got it on mine when I purchased it last month and no regrets. Also got way too much insurance with the door dings, tires, keys, etc. But that all just means that I won't have to worry about that stuff being out of pocket.

Go for it!

arter · 02-14-2011, 05:08 PM

Depends on your risk tolerance.

The extended warranty cost is set so that they expect to make a profit on the average warranty buyer. so what are your odds.....

IFX · 02-14-2011, 08:21 PM

hm, well alot of M owners have said this car is pretty dam reliable thus far..

jacobe92 · 02-14-2011, 08:23 PM

If your like me who likes to modify the heck out of their cars, the answer is NO. I made the mistake of ordering the competition pkg in my car and paying $2100 more only to change my wheels w/ 20 BBS LM's and H and R springs the first month I got it. Now I'm in the process of installing an Akra Evo exhaust plus a tune which will definitely VOID my existing warranty. Just like what the other forum member said, "what's your tolerance for pain". Oh, and my baby is only four months old. Hope my insight helps.

Best

Georgeair · 02-14-2011, 08:54 PM

I am in the same boat, just a year behind, driving about 7K per year. With ~20K at the time the warranty runs I'm expecting to not extend. I am comfortable that having catastrophic drivetrain issues is unlikely enough that I'm leaning away from the extended warranty.

I'm more concerned with failures to electronics, Nav, and other doo-dads. The coverage for those (Platinum coverage) is much more than you noted, and gets into the territory where I think I may come out ahead self-funding over years 5, 6, and 7 even with a low-mileage car.

Leg · 02-15-2011, 11:20 AM

Dont think Ill bother. Whilst thus far Ive only changes aesthetics and the wheels Im planning to start modding properly this summer so its pointless. She hardly comes out anyway.

Thanks for your replies guys. Much appreciated.

CardinalZeus77 · 02-16-2011, 07:31 AM

My warranty is due in a couple of months. I am doing around 16K miles a year. Not had a price from BMW yet but I think I will extend.

_Jono_ · 02-16-2011, 07:35 AM

Trust me its worth it.

PKL · 02-16-2011, 08:49 AM

I'm signing paperwork for my brand new car Friday and will definitely be getting the extended warranty, this car is a keeper.

markjord · 02-16-2011, 10:03 AM

Mine was 3 years old last November. I went for the £665 option which includes the breakdown cover but has a £250 excess. £250 doesn't scare me but I'd hate to get a bill for several thousand. If it's going to happen to anyone it'll be me.
I am also going to get an Eisenmann Race but if anything blows up I'll put the old muffler back on.

02-14-2011, 02:54 PM	#1
Leg Captain 94 Rep 844 Posts Drives: E92 M3 V8 Alpine White Join Date: May 2007 Location: York, England iTrader: (0)	Extended warranty or not? She's 3 next month and BMW have offered extended warranty at £885 per year. I do around 8,000 miles a year in the M3. Its a keeper too, I've added the JCW and intend to add a dedicated track car next and then other cars over the coming years. So, thats the context, question is, is the extended warranty worth it? __________________ E92 M3, Breyton GTS 19s, black and carbon all over Factory Mini John Cooper Works 211bhp MK Indy R track car (road legal) 300bhp+ per ton, sequential box VW Tiguan 4x4
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02-14-2011, 05:07 PM	#2
M3maniac20 Captain 87 Rep 725 Posts Drives: 2013 BMW 335is Coupe Join Date: Aug 2010 Location: Austin, Texas iTrader: (0)	If you really plan on keeping it for a long time then I think its completely worth it. It'll be expensive without it and its just peace of mind having it. Got it on mine when I purchased it last month and no regrets. Also got way too much insurance with the door dings, tires, keys, etc. But that all just means that I won't have to worry about that stuff being out of pocket. Go for it! __________________ 2016 340i M-Sport 6-MT(on order) 2013 335is (still have) 2011.5 M3 ZCP (traded in)
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02-14-2011, 05:08 PM	#3
arter collecting toys 41 Rep 810 Posts Drives: M3 MCB Join Date: May 2008 Location: rochester, ny iTrader: (1)	Depends on your risk tolerance. The extended warranty cost is set so that they expect to make a profit on the average warranty buyer. so what are your odds..... __________________ 2011 e92 M3 Monte Carlo Blue ESS 535 - gone but not forgotten 2015 cayman GTS - new toy 2006 SLK 55 AMG sold
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02-14-2011, 08:21 PM	#4
IFX Banned 67 Rep 2,536 Posts Drives: AW e46M/N54 Join Date: Jan 2009 Location: South Fla. iTrader: (1)	hm, well alot of M owners have said this car is pretty dam reliable thus far..
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02-14-2011, 08:23 PM	#5
jacobe92 Major 619 Rep 1,239 Posts Drives: 2016 Hell Rot F80 M3 Join Date: Aug 2010 Location: California iTrader: (6)	warranty If your like me who likes to modify the heck out of their cars, the answer is NO. I made the mistake of ordering the competition pkg in my car and paying $2100 more only to change my wheels w/ 20 BBS LM's and H and R springs the first month I got it. Now I'm in the process of installing an Akra Evo exhaust plus a tune which will definitely VOID my existing warranty. Just like what the other forum member said, "what's your tolerance for pain". Oh, and my baby is only four months old. Hope my insight helps. Best
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02-14-2011, 08:54 PM	#6
Georgeair Captain 80 Rep 803 Posts Drives: '08 Melbourne E92 M3 Join Date: Apr 2009 Location: Madison, MS iTrader: (2)	I am in the same boat, just a year behind, driving about 7K per year. With ~20K at the time the warranty runs I'm expecting to not extend. I am comfortable that having catastrophic drivetrain issues is unlikely enough that I'm leaning away from the extended warranty. I'm more concerned with failures to electronics, Nav, and other doo-dads. The coverage for those (Platinum coverage) is much more than you noted, and gets into the territory where I think I may come out ahead self-funding over years 5, 6, and 7 even with a low-mileage car. __________________ Objects in mirror are slower than they appear.
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02-15-2011, 11:20 AM	#7
Leg Captain 94 Rep 844 Posts Drives: E92 M3 V8 Alpine White Join Date: May 2007 Location: York, England iTrader: (0)	Dont think Ill bother. Whilst thus far Ive only changes aesthetics and the wheels Im planning to start modding properly this summer so its pointless. She hardly comes out anyway. Thanks for your replies guys. Much appreciated. __________________ E92 M3, Breyton GTS 19s, black and carbon all over Factory Mini John Cooper Works 211bhp MK Indy R track car (road legal) 300bhp+ per ton, sequential box VW Tiguan 4x4
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02-16-2011, 07:31 AM	#8
CardinalZeus77 Captain 190 Rep 817 Posts Drives: Porsche 991.2 Carrera S Join Date: Jul 2005 Location: United Kingdom iTrader: (0) Garage List 2019 G20 BMW 320d X ... [0.00] 2014 BMW F80 M3 [10.00]	My warranty is due in a couple of months. I am doing around 16K miles a year. Not had a price from BMW yet but I think I will extend. __________________ Current: 991.2 Carrera S Sold: BMW G20 320d Xdrive M Sport Sold: Porsche Macan GTS Night Blue / Full GTS Interior Sold: F80 M3 Black Sapphire/Sakhir Orange Sold: E92 M3 Jerez Black/Fox Red Leather
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02-16-2011, 07:35 AM	#9
_Jono_ Second Lieutenant 24 Rep 217 Posts Drives: 2011 M3 DCT, 2012 GTR, Speed3 Join Date: Oct 2010 Location: South Florida iTrader: (0)	Trust me its worth it.
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02-16-2011, 08:49 AM	#10
PKL Brigadier General 848 Rep 3,274 Posts Drives: 2020 M4, 2022 X6 Join Date: Oct 2008 Location: San Fernando Valley iTrader: (1)	I'm signing paperwork for my brand new car Friday and will definitely be getting the extended warranty, this car is a keeper. __________________
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02-16-2011, 10:03 AM	#11
markjord Second Lieutenant 34 Rep 288 Posts Drives: M3 E92 2007 Jerez Black Join Date: Aug 2009 Location: Wellingborough iTrader: (0)	Mine was 3 years old last November. I went for the £665 option which includes the breakdown cover but has a £250 excess. £250 doesn't scare me but I'd hate to get a bill for several thousand. If it's going to happen to anyone it'll be me. I am also going to get an Eisenmann Race but if anything blows up I'll put the old muffler back on.
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