12-11-2017, 03:22 PM | #1 |
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Extended Service / Warranty pricing paid
Please share the prices you are achieving on extended warranty and maintenance plans for your 2018 X3's!
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12-11-2017, 03:53 PM | #2 |
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I have been using Geico Mechanical Breakdown Insurance for my BMWs and I am happy with it. I had $2000 repair at BMW dealership and I only paid $250 out of pocket.
https://www.geico.com/auto-insurance...own-insurance/ |
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12-13-2017, 04:32 PM | #3 |
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6yr 100k $3800 extended warraty. Probably not a good deal, but they weren't budging much and I didn't feel I would get much more off by shopping around. I believe that is 2 or $300 off MSRP. Paying for peace of mind. Deductible is $50.
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12-13-2017, 07:06 PM | #5 |
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When I was in to buy a Z4 a few years back, the sell on the extended warranty was really crazy. The "business manager" started telling me how unreliable the convertibles were and how expensive the parts were.
I walked. Had a call from the GM of the dealership. He assured me that it was not necessary. 13 years later the top still works. I have had a valve cover gasket replaced, a water pump and a battery, all after the extended warranty would have expired. My wife's E39 had a coil spring replaced, a clutch, an alternator and a battery. That was over 12 years of use. My point is that the extended warranty in Canada is useful is you are buying and plan to resell in 3 or 4 years. It is a selling point at resell. If you are meticulous in maintaining your can and plan to keep it a long time, it does not make sense. If you are planning to lease and let it go when the real X3M comes out or the EV version, then save your money. |
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12-13-2017, 07:12 PM | #6 |
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I had a similar experience when buying the X1 last year. I wanted to say "Thanks for the heads up on all the forthcoming problems, maybe I won't buy a BMW after all".
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12-13-2017, 07:36 PM | #7 | |
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I had one of the 1st E90 335i that I bought new that had little issues/recalls during warranty and then ran great. Then I had an F10 535 that I bought 1 year old, maintained religiously and after less then 50,000 kms the dealer discovered some scratches on the cam shaft and cam shaft bearings (as a result of investigation of some persistent error codes). As the car was out of warranty by a year, even though the mileage was low, the fix was either new head or new motor. Either option about $17,000. So I'm not buying used off lease anymore, thank you very much. |
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12-13-2017, 08:08 PM | #8 |
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voyagergab,
Sorry to hear about your 535. I have been relatively lucky with my F34. It was a BMW Canada car, looks like the press car, but different rims. I got it with 12,000km on it and 12 months. I would not do that again. I will stick to buying new. Any problems were ones that I would have had anyhow (did not like -26 weather until the software was fixed to accept a battery with less that 80% cranking power) and a vapour recycle valve. And the infotainment - that was probably an Apple issue. But I just never felt the same about the car as I did about a new one. The minor scratches always bothered me. Compared to my M3 that was two years older it was not as pristine. I guess I really do care. |
12-13-2017, 09:43 PM | #10 |
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We did the 7-year/100K Platinum package extended warranty for $4K. Considering how much technology is in the car, we want it protected as much as possible for a long-term use purchase.
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12-14-2017, 08:01 AM | #11 |
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Ya. I was surprised at the BMW extended warranty pricing especially since it only added 2 years. BMW Toronto is offering a 3rd party plan by sym tech - I select ultimate seems to cover most things except hud and there is a 3k limit on idrive per occurrence. I'm going by memory but a 10 year 200k km plan with a 200 deductible was about 4200. I'm leaning towards getting this.
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12-14-2017, 08:27 AM | #12 |
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Bottom line for warranties, like any sort of insurance, is that it is always priced to make money for the insurance company. That is why they are in business. And knowing the odds for a failure (probably better than you could), and the real cost of fixing, they price it accordingly. So it seems like, if you have the resources saved to pay out of pocket for any failure, then you should avoid the warranty and just "self insure".
Only flaw in this argument would be if the auto company inflates the cost of parts so much for repairs that they can really jack you at that time. I know this is somewhat true, but have to hope that overall competition keeps that somewhat in check. |
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12-14-2017, 10:47 AM | #13 | |
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12-14-2017, 08:02 PM | #14 | |
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12-14-2017, 08:28 PM | #15 |
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With respect to the third party warranty it is important to consider the financial health of the underwriter. They have failed in the past, leaving the consumer on the hook for the repair and having paid for the warranty.
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12-14-2017, 11:33 PM | #16 |
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It cost me only $780 from Geico Mechanical breakdown insurance(MBI) for 7 years/100,000 coverage. $250 deductible per claim and probably cover more than BMW extended warranty.
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12-15-2017, 12:20 PM | #17 | |
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1) Do they cover repairs using OEM parts? 2) Does it cover all electronics as well? (thought I'd ask since it's called Mechanical Breakdown, but this could just be a terminology thing) |
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12-15-2017, 01:10 PM | #18 | |
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2) Yes. It cover all electronics. |
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03-18-2019, 08:57 PM | #19 |
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Hello all, considering an extended care package for my wife's G01.
Has anyone ever done an accounting of price paid for an extended warranty, compared with repair cost covered by the warranty. Example: - price for extended warranty: $xyz - costs covered during the extended warranty period: $abc - (cost)/benefit = $xyz-$abc Thanks. |
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