opinion on extended warranty offer

gprgeorge · 02-09-2015, 06:21 PM

I recently bought a 2011 competition package m3. It has about 24 k miles. I wanted a 2 year extended warranty. They offered a 2 year 24k mile extended warranty for $2700. Covers engine, transfer case, transmission, drive axle, electrical, heating/ air-conditioning, brakes, steering, and suspension. Warranty is through Zurich. Its their standard EW. Other warranties ran about $3k. Worth it? Good price?

Beemdog · 02-09-2015, 06:41 PM

Decent price. Sometimes they will add another year for a couple hundred bucks... you may not want that now, but it will make the car easier to sell if you use up the two-year warranty (assuming it is transferrable). Many of these EW companies offer a pro-rated refund at any time during the warranty you decide to cancel, so that is something to consider as well.

gprgeorge · 02-09-2015, 07:51 PM

How much negotiations can be had on these extended warranties? I'd like to ask for $2500.

abckev · 06-05-2015, 03:51 PM

Quote:

Originally Posted by Dr. George

I recently bought a 2011 competition package m3. It has about 24 k miles. I wanted a 2 year extended warranty. They offered a 2 year 24k mile extended warranty for $2700. Covers engine, transfer case, transmission, drive axle, electrical, heating/ air-conditioning, brakes, steering, and suspension. Warranty is through Zurich. Its their standard EW. Other warranties ran about $3k. Worth it? Good price?

Doesn't the car come with a warranty 4-yr/50k already assumable from BMW? There is always a lot of fine print. If you must purchase an outside EW, most important to know exactly when it begins and ends. And of course know that the EW is not a maintenance warranty, which is a different thing altogether.

kscarrol · 06-05-2015, 04:15 PM

It did but OP's car is a 2011 and it is now 2015 so he is either past the four year mark or quickly approaching it...

saulcaldera · 06-13-2015, 02:05 AM

I just purchased a 2011 E93 M3 with 9k miles on it about 4 months ago. It has 12,500 miles right now. It's a weekend car for me and I don't plan on driving it more than 10-15k a year. I'm going to my local BMW dealer tomorrow for an oil change and I will be asking them about extended warranty. Do you guys think its worth getting extended warranty?

The 4 year warranty was up last October or November I believe.

PoorLurker · 07-09-2015, 03:51 PM

Quote:

Originally Posted by saulcaldera

I just purchased a 2011 E93 M3 with 9k miles on it about 4 months ago. It has 12,500 miles right now. It's a weekend car for me and I don't plan on driving it more than 10-15k a year. I'm going to my local BMW dealer tomorrow for an oil change and I will be asking them about extended warranty. Do you guys think its worth getting extended warranty?

The 4 year warranty was up last October or November I believe.

That is a lot of weekend driving haha.

Warranties/Insurance is up to your personal philosophy.

Is the peace of mind worth it to you? I am willing to pay $3,000 to have a warranty cover me. At the end of the warranty, I will have no regret even if I never used it.

The thought of only paying my deductible when an issue comes up is worth a lot to me personally. I am not good with change and the unknown, haha

Move Over · 07-10-2015, 07:08 AM

Zurich is a well known (pays their claims) company.

Check out easy care. My 4 year 60k was around 2900.

AnisotropyIsKey · 07-10-2015, 12:48 PM

I would shop around some more.

For my 2011 Comp e90, USAA quoted me $3200 for 5yr/75k/$0.

BMW's offer for a 7yr/70k/$50 was $7470.

I laughed pretty hard.

SocalM3 · 07-11-2015, 02:51 AM

Zurich is a very reputable company but your 2 years policy quote seems too high with your mileage.

Bomiz · 07-11-2015, 03:09 AM

I just bought 3year/36,000 miles warranty from EasyCare. I was going to go with the PrimaryCare warranty that covers what you listed and I think they wanted about $2400 ($250 deduct) for it. The car I was originally purchasing it from went on vacation the day I was coming in to get it and he left me to his assistant. His assistant quoted me a good amount less for the TotalCare package (2 packages higher than Primary Care, and the top tier), he was looking at the old books and ended up making a mistake. With his price he honored it even though he made a screw up. I called easycare to ask what exactly is covered, and in the packages, (4 total), what's covered is only listed unless you get Totalcare. Totalcare covers EVERYTHING except wear and tear listed. My actuator just started going bad and most likely is only covered by Totalcare, but I need to wait a few weeks for the warranty grace period to make a claim. Hopefully all goes well when I need to get it fixed. My car is a 2008 with 37k miles. According to multiple people as well, Easycare is one of the best for an aftermarket warranty.

Move Over · 07-11-2015, 05:12 AM

Quote:

Originally Posted by Bomiz

I just bought 3year/36,000 miles warranty from EasyCare. I was going to go with the PrimaryCare warranty that covers what you listed and I think they wanted about $2400 ($250 deduct) for it. The car I was originally purchasing it from went on vacation the day I was coming in to get it and he left me to his assistant. His assistant quoted me a good amount less for the TotalCare package (2 packages higher than Primary Care, and the top tier), he was looking at the old books and ended up making a mistake. With his price he honored it even though he made a screw up. I called easycare to ask what exactly is covered, and in the packages, (4 total), what's covered is only listed unless you get Totalcare. Totalcare covers EVERYTHING except wear and tear listed. My actuator just started going bad and most likely is only covered by Totalcare, but I need to wait a few weeks for the warranty grace period to make a claim. Hopefully all goes well when I need to get it fixed. My car is a 2008 with 37k miles. According to multiple people as well, Easycare is one of the best for an aftermarket warranty.

That's odd. My dealer had me do an inspection so the service goes into effect day 1

Bomiz · 07-11-2015, 10:38 AM

Quote:

Originally Posted by alxmlr789

Quote:

Originally Posted by Bomiz

I just bought 3year/36,000 miles warranty from EasyCare. I was going to go with the PrimaryCare warranty that covers what you listed and I think they wanted about $2400 ($250 deduct) for it. The car I was originally purchasing it from went on vacation the day I was coming in to get it and he left me to his assistant. His assistant quoted me a good amount less for the TotalCare package (2 packages higher than Primary Care, and the top tier), he was looking at the old books and ended up making a mistake. With his price he honored it even though he made a screw up. I called easycare to ask what exactly is covered, and in the packages, (4 total), what's covered is only listed unless you get Totalcare. Totalcare covers EVERYTHING except wear and tear listed. My actuator just started going bad and most likely is only covered by Totalcare, but I need to wait a few weeks for the warranty grace period to make a claim. Hopefully all goes well when I need to get it fixed. My car is a 2008 with 37k miles. According to multiple people as well, Easycare is one of the best for an aftermarket warranty.

That's odd. My dealer had me do an inspection so the service goes into effect day 1

Well it's the same for me, but according to everyone it doesn't really kick in for about a month

CLTm3 · 07-16-2015, 03:23 PM

Quote:

Originally Posted by AnisotropyIsKey

I would shop around some more.

For my 2011 Comp e90, USAA quoted me $3200 for 5yr/75k/$0.

BMW's offer for a 7yr/70k/$50 was $7470.

I laughed pretty hard.

Whats the milage on your m3 and do you still have another year on your factory warranty? I have a 2011 e92 with 46K miles on it an I got a quote from USAA for $7000. 4 year/50K miles comprehensive coverage.

burtonsbs5114 · 07-16-2015, 03:47 PM

I thought the M3 was on USAAs excluded list...

CLTm3 · 07-16-2015, 04:00 PM

Quote:

Originally Posted by burtonsbs5114

I thought the M3 was on USAAs excluded list...

Nope -- it's farmed out to assurant.

Comprehensive Protection Plan(Option 1) 48 months from purchase date or at 100,000 miles on odometer One payment of $7,053.83
or up to 12 monthly payments
as low as $587.81

tbrown1985 · 07-16-2015, 04:07 PM

Just bought '11 in March with 39k from BMW dealer and got easycare for addl. 5 yr/75,000 miles for $3,500

Iyzmi · 07-17-2015, 09:23 AM

I got a warranty through my credit union. 4yrs/48k mi with $250 deductible for $2k. Car is an 09 with 39.5k miles at the time. Looks like I got a good deal compared to the prices some other people are posting.

AnisotropyIsKey · 07-20-2015, 09:05 PM

Quote:

Originally Posted by CLTm3

Whats the milage on your m3 and do you still have another year on your factory warranty?

When I received the quote, my AUG2011 e90 had 35k miles and a factory warranty ending in October.

The warranties will overlap for a few months but I assume the mileage will be used long before the clock runs down.

h_bakken · 07-21-2015, 02:05 PM

Just bought a 2012 E93 with 9700 miles. The factory warranty expires in April 2016.

I purchased from the dealer:
Wheel and tire coverage for around $2300
Additional BMW warranty extra 3 years (through April 2019) and total mileage up to 70k miles. this was quite expensive at $6700.

The warranty is able to be cancelled and is transferable.

Seems pretty pricey. I welcome all opinions.

Thank You

bimmer414 · 07-21-2015, 02:43 PM

Quote:

Originally Posted by h_bakken

Just bought a 2012 E93 with 9700 miles. The factory warranty expires in April 2016.

I purchased from the dealer:
Wheel and tire coverage for around $2300
Additional BMW warranty extra 3 years (through April 2019) and total mileage up to 70k miles. this was quite expensive at $6700.

The warranty is able to be cancelled and is transferable.

Seems pretty pricey. I welcome all opinions.

Thank You

Put the $6700 in the bank for repairs. You'll most likely come out ahead.

Beemdog · 07-21-2015, 02:45 PM

Yep, a bit too high on a M3 with only 9700 miles now. You can shop around, and it is not necessary to extend the warranty until a couple months before the original factory four-year warranty expires (sometime this year?). Every dealer seems to have a different price on these OEM warranties, and there is room to negotiate.

You will probably lose money on the wheel and tire coverage as well. Obviously, these types of insurance deals make money for the seller or they wouldn't be selling it. I've totaled a wheel/tire once in my lifetime (in a poorly marked construction zone at night). It cost around $1400 for a factory wheel/tire replacement and re-align.

02-09-2015, 06:21 PM	#1
gprgeorge Second Lieutenant 243 Rep 276 Posts Drives: 2016 M3 Silverstone Join Date: Jan 2015 Location: corpus christi iTrader: (0)	opinion on extended warranty offer I recently bought a 2011 competition package m3. It has about 24 k miles. I wanted a 2 year extended warranty. They offered a 2 year 24k mile extended warranty for $2700. Covers engine, transfer case, transmission, drive axle, electrical, heating/ air-conditioning, brakes, steering, and suspension. Warranty is through Zurich. Its their standard EW. Other warranties ran about $3k. Worth it? Good price?
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02-09-2015, 06:41 PM	#2
Beemdog Woof! 352 Rep 1,323 Posts Drives: '11 M3 ZCP LeMans Blue Join Date: Mar 2014 Location: Sonoma Cownty, CA iTrader: (0) Garage List 2005 Dodge Viper [9.00] 2011 BMW M3 E92 [9.50] 2009 Ducati Hypermo ... [10.00]	Decent price. Sometimes they will add another year for a couple hundred bucks... you may not want that now, but it will make the car easier to sell if you use up the two-year warranty (assuming it is transferrable). Many of these EW companies offer a pro-rated refund at any time during the warranty you decide to cancel, so that is something to consider as well.
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02-09-2015, 07:51 PM	#3
gprgeorge Second Lieutenant 243 Rep 276 Posts Drives: 2016 M3 Silverstone Join Date: Jan 2015 Location: corpus christi iTrader: (0)	How much negotiations can be had on these extended warranties? I'd like to ask for $2500.
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06-05-2015, 04:15 PM	#5
kscarrol Brigadier General 8912 Rep 4,107 Posts Drives: 2021 X3 M40i, 1974 2002 Tii Join Date: Jun 2010 Location: Greenville, SC iTrader: (0)	It did but OP's car is a 2011 and it is now 2015 so he is either past the four year mark or quickly approaching it... __________________ 2021 X3 M40i 1974 2002tii, Inka, 5 sp manual BMWCCA # 327475
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06-13-2015, 02:05 AM	#6
saulcaldera New Member 2 Rep 20 Posts Drives: E93 M3 Join Date: Jun 2014 Location: Portland iTrader: (0)	I just purchased a 2011 E93 M3 with 9k miles on it about 4 months ago. It has 12,500 miles right now. It's a weekend car for me and I don't plan on driving it more than 10-15k a year. I'm going to my local BMW dealer tomorrow for an oil change and I will be asking them about extended warranty. Do you guys think its worth getting extended warranty? The 4 year warranty was up last October or November I believe.
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07-10-2015, 07:08 AM	#8
Move Over Colonel 1258 Rep 2,492 Posts Drives: M3 6MT Join Date: May 2015 Location: Peninsula iTrader: (9)	Zurich is a well known (pays their claims) company. Check out easy care. My 4 year 60k was around 2900.
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07-10-2015, 12:48 PM	#9
AnisotropyIsKey Private 7 Rep 57 Posts Drives: 2011 AW E90 ZCP Join Date: Oct 2013 Location: Houston, TX iTrader: (1)	I would shop around some more. For my 2011 Comp e90, USAA quoted me $3200 for 5yr/75k/$0. BMW's offer for a 7yr/70k/$50 was $7470. I laughed pretty hard.
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07-11-2015, 02:51 AM	#10
SocalM3 Private 28 Rep 96 Posts Drives: E93 Mineral White M3 Join Date: Nov 2011 Location: Socal iTrader: (2)	Zurich is a very reputable company but your 2 years policy quote seems too high with your mileage. __________________ E93 Mineral White M3 DCT E60 Sapphire Black M5 6MT E39 Black M5 E34 Alpine White II M5 E28 Black M5
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07-11-2015, 03:09 AM	#11
Bomiz Captain 323 Rep 824 Posts Drives: SS E92 M3 Join Date: Jun 2012 Location: Los Angeles iTrader: (2)	I just bought 3year/36,000 miles warranty from EasyCare. I was going to go with the PrimaryCare warranty that covers what you listed and I think they wanted about $2400 ($250 deduct) for it. The car I was originally purchasing it from went on vacation the day I was coming in to get it and he left me to his assistant. His assistant quoted me a good amount less for the TotalCare package (2 packages higher than Primary Care, and the top tier), he was looking at the old books and ended up making a mistake. With his price he honored it even though he made a screw up. I called easycare to ask what exactly is covered, and in the packages, (4 total), what's covered is only listed unless you get Totalcare. Totalcare covers EVERYTHING except wear and tear listed. My actuator just started going bad and most likely is only covered by Totalcare, but I need to wait a few weeks for the warranty grace period to make a claim. Hopefully all goes well when I need to get it fixed. My car is a 2008 with 37k miles. According to multiple people as well, Easycare is one of the best for an aftermarket warranty.
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07-16-2015, 03:47 PM	#15
burtonsbs5114 Major 368 Rep 1,198 Posts Drives: 2021 F87 M2c. LBB, 6mt Join Date: Nov 2014 Location: Fort Lauderdale, FL iTrader: (0) Garage List 2006 MV Agusta Burt ... [0.00] 2012 Trek Madone 6. ... [0.00] 2008 BMW e93 M3 [0.00]	I thought the M3 was on USAAs excluded list... __________________ 2021 F87 M2c. Long Beach Blue over black with blue stitching. 6mt, executive package, slick top.
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07-16-2015, 04:07 PM	#17
tbrown1985 Private 3 Rep 67 Posts Drives: 2011 E92 M3 ZCP Alpine White Join Date: May 2015 Location: Nashville, TN iTrader: (2)	Just bought '11 in March with 39k from BMW dealer and got easycare for addl. 5 yr/75,000 miles for $3,500
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07-17-2015, 09:23 AM	#18
Iyzmi Lieutenant Colonel 802 Rep 1,566 Posts Drives: E92 M3 6MT ESS625 Join Date: Sep 2014 Location: Midwest iTrader: (1)	I got a warranty through my credit union. 4yrs/48k mi with $250 deductible for $2k. Car is an 09 with 39.5k miles at the time. Looks like I got a good deal compared to the prices some other people are posting. __________________
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07-21-2015, 02:05 PM	#20
h_bakken Second Lieutenant 149 Rep 289 Posts Drives: 2012 M3 (E93) Convertible Join Date: Jul 2015 Location: Cupertino CA iTrader: (0)	Just bought a 2012 E93 with 9700 miles. The factory warranty expires in April 2016. I purchased from the dealer: Wheel and tire coverage for around $2300 Additional BMW warranty extra 3 years (through April 2019) and total mileage up to 70k miles. this was quite expensive at $6700. The warranty is able to be cancelled and is transferable. Seems pretty pricey. I welcome all opinions. Thank You
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07-21-2015, 02:45 PM	#22
Beemdog Woof! 352 Rep 1,323 Posts Drives: '11 M3 ZCP LeMans Blue Join Date: Mar 2014 Location: Sonoma Cownty, CA iTrader: (0) Garage List 2005 Dodge Viper [9.00] 2011 BMW M3 E92 [9.50] 2009 Ducati Hypermo ... [10.00]	Yep, a bit too high on a M3 with only 9700 miles now. You can shop around, and it is not necessary to extend the warranty until a couple months before the original factory four-year warranty expires (sometime this year?). Every dealer seems to have a different price on these OEM warranties, and there is room to negotiate. You will probably lose money on the wheel and tire coverage as well. Obviously, these types of insurance deals make money for the seller or they wouldn't be selling it. I've totaled a wheel/tire once in my lifetime (in a poorly marked construction zone at night). It cost around $1400 for a factory wheel/tire replacement and re-align.
	Appreciate 0 Quote