12-09-2011, 10:18 AM | #1 |
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What to watch out for at the finance manager's desk
In about a week, I will be picking up my 2012 X3 35i from the dealer and signing a lease. I know I'll probably be pitched add-ons like tire insurance, protective coatings and such. Most car buying websites recommend turning down all of these options because they're usually just ways for the dealer to make more money. My question is: what will they be pushing on me and is any of it legitimately worth getting? I know they'll probably have a good pitch for all the options and I just want to be prepared beforehand.
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12-09-2011, 10:23 AM | #2 |
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some of us have opted for tire insurance - in terms of $$$ its hit or miss depends on how many tires you wreck - there are several threads on this topic you might want to search on. I did not take any other options at the finance mgrs desk - its my 2nd BMW w/ tire protection package - Perhaps its piece of mind for a BMW owner with 4 runflats and no spare.
If you really believe you are going to have your X3 longer than 4 years/50k miles you may consider an extended warranty. Personally, mileage wise 50k for me is 3.5 years - i will figure it out in a few years - may add extended coverage or trade in for something new. I was offered some sort of paint protection that I did not take.
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12-09-2011, 10:42 AM | #3 |
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Thanks for the info! Yeah I'm pretty sure I will decline the tire insurance since I plan on buying regular tires to put on and keep the runflats for returning at the end of the lease. I'm not too worried about damaging the wheels.
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12-09-2011, 11:37 AM | #4 |
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I was offered -
Tire insurance - I only take this if the car has low profile tires. Windshield insurance - something about insurance companies not covering the X3 windshield? Thats a new one. Paint protection - forget that A BMW credit card - They signed me up even though I did not ask for it. The extended warranty is worthwhile if you intend to keep the car for a bit, but I believe you can wait before deciding. Also, the price is negotiable based on my past experience. |
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12-09-2011, 01:11 PM | #5 |
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Perseption is always that there will be TONS of money to be made in the business office and that everything has no value.
Perception is wrong, its not a lot of $$ $ compared to car sales. True, there is some money to be made... but that's how a business operates. If there was no value, people wouldn't buy correct? At the end of the day, its all OPTIONAL and whether you need it or not. Tire and Rim warranty - on Run Flats/and low profile tires is must have depending on the costs. Run flats typically have to be replaced once there is a puncture due to the sidewalls bearing all the weight of the vehicle in even of no pressure. Over 5 years 2 to 3 replacements is usual with run flats. Extended Warranty - must have if you plan on keeping it past original manufacture's warranty. Cost of parts/labour going up AND good private resale. MUCH easier to sell a BMW with warranty than a BMW without warranty. 3M Stonegaurd - Worth every little penny. protects from stone chips. Need I say more? Like I said they will make some money, but like anything you buy out there whether it be a TV, Car, Clothes, there will be some profit made. Profit is what drives are economy whether you like it or not. Biggest thing is paying a FAIR price.
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12-09-2011, 02:28 PM | #6 |
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If it's a lease and you're planning on ditching the RFTs then you don't need anything extra. I bought my E90 and I didn't take any of the extra coverage including tire insurance. I'll be keeping mine to around 5 years, 120,000km and I'm not worried about any major mechanical failures.
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12-09-2011, 04:07 PM | #7 | ||
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12-09-2011, 04:27 PM | #8 |
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[QUOTE=paul386;10949815]I think that's a BAD idea! I have had my X3 for about 7-8 months now and I have had 2 nails in my tires. Both were no big deal to drive to the nearest Discount Tire and get them patched. Without RFT's this is a pain because you have to pull over on the side of the road and put your spare on. Without RFT's and no spare... it's a MAJOR headache.
Doesn't driving on a flat RFT actually destroy the tire? I guess the reason I want to get non RFTs to drive on during the lease is that they're cheaper than buying a new set of RFTs to return at the end of the lease. In my 16 years of driving, I've never had a blowout and I've only had nails maybe 2 or 3 times. But maybe my time is up |
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12-09-2011, 05:57 PM | #9 | |
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[QUOTE=matteowade;10949952]
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12-09-2011, 07:02 PM | #10 |
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then that business manager sucks
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12-12-2011, 02:33 PM | #11 | |
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I have a X3 28i, standard 17" wheels/RFTs. PM me and I'm happy to send you my spreadsheet so you can do your own calculations. PB2 |
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12-12-2011, 02:49 PM | #12 | |
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3M stoneguard is the only thing I'd consider too... it saves a pile of damage and makes bug clean-up a snap.
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12-12-2011, 03:54 PM | #13 | |
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$899 for 5 years, zero deductible, and a tire price (including tax and installation) of $435 each for (Pirelli Cinturatos), I break even after 1.62 tires. I think it's worth it.
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12-12-2011, 04:28 PM | #14 | |
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anything > breakeven is your gain... unless u are measuring risk differently?
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12-12-2011, 09:17 PM | #15 | |
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Here's the spreadsheet if anyone wants to try it out. Thanks, PB2 |
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12-12-2011, 09:52 PM | #16 | |
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12-12-2011, 10:51 PM | #17 | |
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04-05-2012, 12:21 PM | #18 | |
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Nonetheless, I only had 3500 miles on my 2011 X3 when the TPMS senor went off. I inspected the tire. It had 28 lbs of pressure and a tack sticking out. I re-inflated tire and called the dealer. They needed to order a replacement tire (Pirelli P7 245/50/ R18 RFT). They quoted a price of $365for tire alone and about $100 in addtional labor. I quoted the Pirelli Run Flat road hazard warranty (found on CD that comes with car). The Pirelli warranty says no charge replacement (including tire and labor) if tire is damaged during first year and 2/32 or less of wear. If more than a year or more wear, then pro-rated charge on tire and owner pays labor. Dealer thanlked me for the information and presented the claim to Pirelli. Dealer will be reimbursed and I was not charged. "There are a 8 million stories in the naked city. This has been just one." |
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04-05-2012, 02:48 PM | #19 |
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I declined the tire/wheel warranty.
I figure the first puncture I'll replace all four RFT with conventional tires and sell the 3 remaining RFT. This plan should net a minimal cost and permit puncture repairs in the future. |
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04-05-2012, 03:28 PM | #20 | ||
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Elsewhere I've been getting quotes around $700-$900, from highly reputable installers. Quote:
I've been debating going the non RFT route, but not sure what I would do if I got a puncture/flat... What's your strategy? A local tire place suggested the Conti Comfort Kit, but I'm not too convinced. |
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04-05-2012, 04:39 PM | #21 | |
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No real stategy.
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