BMW M3 Forum (E90 E92) - View Single Post

Radiation Joe · 10-01-2011, 02:23 PM

What people seem to forget is that a warranty costs more than the average cost of repairs over the life of the warranty. If it didn't every insurance company in the world would be out of business. We all know how little money insurance companies make; right? For every one person that gets his money back from the extended warranty there are two others that don't.

REPEAT AFTER ME:
An extended warranty is a sucker's bet.

Of course there are exceptions out there. The underwriters that wrote the Audi RS/6 warranties all took it in the shorts. CPO added a couple of grand and change to the cost of a used RS/6. No service on that engine (twin turbo V8) ever got out of the shop for less than $3k. Flat rate for an oxygen sensor change out was over $3k.

10-01-2011, 02:23 PM	#13
Radiation Joe Veni Vidi Vici 89 Rep 2,750 Posts Drives: '11 JB/BBe-6sp-e90 Join Date: Jul 2008 Location: Macungie PA iTrader: (0) Garage List 2011 e90 M3-Sold [8.50] 2003 RS6 - Sold [0.00] 2009 e90 M3 - Gone [0.00] 2003 M3 SOLD [0.00] old 2002 [10.00]	What people seem to forget is that a warranty costs more than the average cost of repairs over the life of the warranty. If it didn't every insurance company in the world would be out of business. We all know how little money insurance companies make; right? For every one person that gets his money back from the extended warranty there are two others that don't. REPEAT AFTER ME: An extended warranty is a sucker's bet. Of course there are exceptions out there. The underwriters that wrote the Audi RS/6 warranties all took it in the shorts. CPO added a couple of grand and change to the cost of a used RS/6. No service on that engine (twin turbo V8) ever got out of the shop for less than $3k. Flat rate for an oxygen sensor change out was over $3k. __________________ Dinan compliment of stuff plus PF rotors and RG63s. Enough for now. Why, yes. I am an abrasive bastard.
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