BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > General M3 Forum (E90 + E92 + E93)
 
Post Reply
 
Thread Tools Search this Thread
      02-07-2013, 06:07 PM   #1
EndOfAnEra
Private First Class
 
EndOfAnEra's Avatar
 
Drives: 07 E92 328i
Join Date: May 2012
Location: New Jersey

Posts: 166
iTrader: (0)

Send a message via Yahoo to EndOfAnEra
Thumbs up Over 50k without an extended warranty

How's it going M3post. I'm trying to get some opinions on being over 50k without any type of warranty. I see people posting about rod bearings being worn, iacv's going bad, throttle solenoids going bad, coil packs failing, and other common issues. I know it doesnt happen to everyone but these seem to be the most popular. On the other hand I see people talking about being able to experiment with new and different oils, all types of mods, and other stuff like that. I'm just looking for opinions from people who are out of warranty about the pros and cons of being out of warranty and the risks also. I have an extended warranty just for the record.
__________________
EndOfAnEra is offline   United_States
0
Reply With Quote
      02-07-2013, 06:35 PM   #2
chuckvic
Private First Class
 
Drives: 2009 M3 DCT Coupe
Join Date: Apr 2007
Location: el paso

Posts: 133
iTrader: (0)

56K miles on my 2009 and no warranty. Did extra services and car is not abused and had no warranty claims.

chuck
chuckvic is offline  
0
Reply With Quote
      02-07-2013, 06:46 PM   #3
MKE_M3
Lieutenant Colonel
 
MKE_M3's Avatar
 
Drives: 2011 e90 M3
Join Date: Feb 2009
Location: Milwaukee, WI

Posts: 1,584
iTrader: (0)

simple math is that the companies that sell warranties due it because it is profitable, thus the net present value of your warranty purchase is negative.

I'm not saying one should never buy one, it all comes down to what the comfort is worth and how devastating a major repair would be for you financially.

If you had unlimited funds, you'd be selling the warranties (insurance), not buying it. Just look at our friend Warren Buffett.
__________________
MKE_M3 is offline   United_States
0
Reply With Quote
      02-07-2013, 08:56 PM   #4
MDyDinanM
OIF Veteran
 
MDyDinanM's Avatar
 
Drives: ///M
Join Date: Oct 2009
Location: East Coast

Posts: 2,071
iTrader: (0)

Garage List
2008 BMW M5  [3.44]
an extended warranty is nice to have, but keep in mind these cars don't usually turn into pumpkins after 50K miles. Just take care of it.
__________________
Retired: '06 BMW E46 ///M3
Current: '08 BMW E60 DINAN ///M5, Interlagos Blue, SMG
DINAN Stage 2 Suspension, Exhaust, Stage III Software, Front strut braces,
Intakes, 13% Underdrive pulley, 3.91 Differential, RPI Scoops.
MDyDinanM is offline   United_States
0
Reply With Quote
      02-07-2013, 08:57 PM   #5
gatorfast
Colonel
 
gatorfast's Avatar
 
Drives: MR E90 M3
Join Date: Jan 2008
Location: SoFla

Posts: 2,316
iTrader: (3)

Op thought you were selling your car?
gatorfast is online now  
0
Reply With Quote
      02-07-2013, 09:30 PM   #6
Radiation Joe
Veni Vidi Vici
 
Radiation Joe's Avatar
 
Drives: '11 JB/BBe-6sp-e90
Join Date: Jul 2008
Location: Macungie PA

Posts: 2,748
iTrader: (0)

Garage List
2011 e90 M3-Sold  [4.25]
2003 RS6 - Sold  [0.00]
2009 e90 M3 - Gone  [0.00]
2003 M3 SOLD  [0.00]
old 2002  [5.00]
67k and not a single problem from new.

my 2009 was in the shop constantly.

Luck of the draw.
__________________

Dinan compliment of stuff plus PF rotors and RG63s. Enough for now.
Why, yes. I am an abrasive bastard.
Radiation Joe is offline   United_States
0
Reply With Quote
      02-07-2013, 09:50 PM   #7
Jesal@IND
BimmerPost Supporting Vendor

 
Jesal@IND's Avatar
 
Drives: E90 SSII M3
Join Date: Feb 2011
Location: Chicago, IL

Posts: 986
iTrader: (1)

Garage List
2009 BMW M3  [5.00]
Send a message via AIM to Jesal@IND
Quote:
Originally Posted by Radiation Joe View Post
67k and not a single problem from new.

my 2009 was in the shop constantly.

Luck of the draw.

You have 67k miles on a 2011!?
__________________
Jesal@IND is offline   United_States
0
Reply With Quote
      02-07-2013, 10:46 PM   #8
socalm3lover
Private First Class
 
Drives: E92 M3
Join Date: May 2008
Location: South Carolina

Posts: 157
iTrader: (0)

Quote:
Originally Posted by EndOfAnEra View Post
How's it going M3post. I'm trying to get some opinions on being over 50k without any type of warranty. I see people posting about rod bearings being worn, iacv's going bad, throttle solenoids going bad, coil packs failing, and other common issues. I know it doesnt happen to everyone but these seem to be the most popular. On the other hand I see people talking about being able to experiment with new and different oils, all types of mods, and other stuff like that. I'm just looking for opinions from people who are out of warranty about the pros and cons of being out of warranty and the risks also. I have an extended warranty just for the record.
OP, extended warranties are nothing more and nothing less than insurance against expensive repairs, should it need them. The M3s are very reliable cars, but when they break, they are generally very expensive. If you can afford $1,000s and don't mind spending it if they break, go for it. If you do not want to pay/cannot afford expensive repairs, buy the insuance. Obviously, the insurance companes make money for the service they provide, as they should.

I recently had a spindle replaced. Not sure how much it would have cost, but I am sure a couple of thousand with trouble shooting and replacing. I suspect I got about 1/2 of my premium returned. You are rolling the dice.

Good luck,

John
socalm3lover is offline  
0
Reply With Quote
      02-08-2013, 07:13 AM   #9
Sean05
Putcha ang ganda...
 
Sean05's Avatar
 
Drives: 08 MR E92 M3
Join Date: Feb 2010
Location: Los Angeles, Brea CA.

Posts: 5,284
iTrader: (9)

Send a message via Yahoo to Sean05
76k no issues just mainly maintenance
__________________
Sean05 is offline   Philippines
0
Reply With Quote
      02-08-2013, 07:51 AM   #10
pbonsalb
Major
 
Drives: 08 E90 M3, 99 E36 M3 Turbo
Join Date: Feb 2011
Location: Concord, NH

Posts: 1,442
iTrader: (3)

Put the extended warranty money in your repair fund and self insure.
pbonsalb is offline  
0
Reply With Quote
      02-08-2013, 08:44 AM   #11
RRGOO7
Colonel
 
RRGOO7's Avatar
 
Drives: GTR
Join Date: Dec 2006
Location: Miami FL

Posts: 2,443
iTrader: (13)

Quote:
Originally Posted by MKE_M3 View Post
simple math is that the companies that sell warranties due it because it is profitable, thus the net present value of your warranty purchase is negative.

I'm not saying one should never buy one, it all comes down to what the comfort is worth and how devastating a major repair would be for you financially.

If you had unlimited funds, you'd be selling the warranties (insurance), not buying it. Just look at our friend Warren Buffett.
Companies make money off extended warranties due to pooling of their risks.

My car is out of warranty now and im considering selling it and picking up and 11 or 12.
RRGOO7 is offline  
0
Reply With Quote
      02-08-2013, 11:19 AM   #12
gatorfast
Colonel
 
gatorfast's Avatar
 
Drives: MR E90 M3
Join Date: Jan 2008
Location: SoFla

Posts: 2,316
iTrader: (3)

Quote:
Originally Posted by RRGOO7 View Post
My car is out of warranty now and im considering selling it and picking up and 11 or 12.
You will lose much more $ doing that than simply hanging on to your car and paying for any repairs needed (which would likely be not too much unless you have experienced problems in the past).
gatorfast is online now  
0
Reply With Quote
      02-08-2013, 11:27 AM   #13
m3p40
Private
 
Drives: M3 E92
Join Date: Apr 2009
Location: NY

Posts: 77
iTrader: (0)

Currently 46k Been out of warranty since 41k (4 years). I dont plan on buying an extended warranty. I take care of my car, and it has had 0 issues in the past 4 years.
m3p40 is offline  
0
Reply With Quote
      02-08-2013, 01:34 PM   #14
EndOfAnEra
Private First Class
 
EndOfAnEra's Avatar
 
Drives: 07 E92 328i
Join Date: May 2012
Location: New Jersey

Posts: 166
iTrader: (0)

Send a message via Yahoo to EndOfAnEra
I should have noted that this car is just a weekend car for me, so any issues (if I were to have any) wouldn't be as big of a deal because they wouldn't have to be fixed asap. The car has had 0 issues since I've owned it, which is definitely comforting.

Quote:
Originally Posted by gatorfast View Post
Op thought you were selling your car?
I was, I mean I am. I'm dealing with one buyer right now who has sent me a deposit. I've been dealing with him for almost 2 months which seems like a crazy amount of time to wait for someone to buy a car. If this deal falls through, I decided I will just keep the M3.


Quote:
Originally Posted by socalm3lover View Post
OP, extended warranties are nothing more and nothing less than insurance against expensive repairs, should it need them. The M3s are very reliable cars, but when they break, they are generally very expensive. If you can afford $1,000s and don't mind spending it if they break, go for it. If you do not want to pay/cannot afford expensive repairs, buy the insuance. Obviously, the insurance companes make money for the service they provide, as they should.

I recently had a spindle replaced. Not sure how much it would have cost, but I am sure a couple of thousand with trouble shooting and replacing. I suspect I got about 1/2 of my premium returned. You are rolling the dice.

Good luck,

John
If you don't mind me asking John, what went wrong for that spindle to have to be replaced?


Quote:
Originally Posted by m3p40 View Post
Currently 46k Been out of warranty since 41k (4 years). I dont plan on buying an extended warranty. I take care of my car, and it has had 0 issues in the past 4 years.
Great to hear, we need more owners who respect and take care of their cars like babies! I know I do
__________________
EndOfAnEra is offline   United_States
0
Reply With Quote
      02-08-2013, 01:58 PM   #15
bsiciliano
Captain
 
Drives: 2011 M3 Convertible
Join Date: Apr 2011
Location: Los Angeles

Posts: 628
iTrader: (4)

Quote:
Originally Posted by pbonsalb
Put the extended warranty money in your repair fund and self insure.
This.
__________________
2011 E93 - Space Gray - 6MT/Silver Novillo/
OE Tuning/Gruppe M Intake/ACS Springs/Vorsteiner CF Type I Rear Diffuser/Textured Matte Black Custom Powdercoated OEM 359s/Painted Reflectors/Matte Grille, Hood Vents and Side Markers/Arqray Race Exhaust/MS Pulley
bsiciliano is offline   United_States
0
Reply With Quote
      02-08-2013, 03:04 PM   #16
m3cragg
Private First Class
 
Drives: E92 M3
Join Date: Feb 2011
Location: Calgary AB

Posts: 104
iTrader: (0)

Quote:
Originally Posted by pbonsalb View Post
Put the extended warranty money in your repair fund and self insure.
agreed
m3cragg is offline   Canada
0
Reply With Quote
      02-08-2013, 05:01 PM   #17
Endless619
DHS
 
Endless619's Avatar
 
Drives: bmw x5, m3, Acura TL
Join Date: Oct 2010
Location: Disneyland

Posts: 3,892
iTrader: (14)

Quote:
Originally Posted by EndOfAnEra View Post
How's it going M3post. I'm trying to get some opinions on being over 50k without any type of warranty. I see people posting about rod bearings being worn, iacv's going bad, throttle solenoids going bad, coil packs failing, and other common issues. I know it doesnt happen to everyone but these seem to be the most popular. On the other hand I see people talking about being able to experiment with new and different oils, all types of mods, and other stuff like that. I'm just looking for opinions from people who are out of warranty about the pros and cons of being out of warranty and the risks also. I have an extended warranty just for the record.
I am at 56k+ now and in -10 to -20 weather and no issues at all. 2 inch drop too. I drive it a lot. Although it is CPO.
Endless619 is offline   Spain
0
Reply With Quote
      02-08-2013, 05:56 PM   #18
surlynkid
Captain
 
surlynkid's Avatar
 
Drives: 2013 E92 M3
Join Date: Apr 2012
Location: League City, TX

Posts: 810
iTrader: (1)

Garage List
depends how talented you are at fixing your own car. if you can do most of the repairs and just buy parts online, repairs are quite bearable.
__________________
Stoptech 380mm/355mm | Pagid RS-29 | Akrapovic EVO - CF tips | Benvo Tune | MS UDP | AA air filter | Apex EC-7 18x10 square 275/35-18 NT01 | 90mm Turner Studs | GT4 Brake Cooling | GT4 Power Steering Cooling | Performance Steering Wheel | CF Mirror Caps | CF Spoiler | Varis System 1 Full CF Diffuser | Extended Paddle Shifters | Schroth Quick Fit | Vorshlag Camber Plates | AiM Solo DL
surlynkid is offline  
0
Reply With Quote
      02-08-2013, 06:57 PM   #19
EndOfAnEra
Private First Class
 
EndOfAnEra's Avatar
 
Drives: 07 E92 328i
Join Date: May 2012
Location: New Jersey

Posts: 166
iTrader: (0)

Send a message via Yahoo to EndOfAnEra
Quote:
Originally Posted by surlynkid View Post
depends how talented you are at fixing your own car. if you can do most of the repairs and just buy parts online, repairs are quite bearable.
ahhh very good point. on all of my previous cars I have always done all of the maintenance + mod installs. it would be the same for this car also, everything so far has been easy!
__________________
EndOfAnEra is offline   United_States
0
Reply With Quote
      02-08-2013, 08:20 PM   #20
Dannys M3
Captain
 
Dannys M3's Avatar
 
Drives: Space Grey E92 M3
Join Date: Sep 2006
Location: South Florida

Posts: 653
iTrader: (2)

Garage List
2008 M3  [5.00]
50K was a couple of years ago for me. I'm just shy of 100K. Extended warranty would have been a waste for me.
Dannys M3 is offline   United_States
0
Reply With Quote
      02-08-2013, 11:35 PM   #21
GregW / Oregon
Commander-In-Chief
 
Drives: 2008 M3 Coupe, 2012 ML350
Join Date: Nov 2005
Location: Lake Oswego, OR

Posts: 6,781
iTrader: (1)

Garage List
S65 is pretty reliable. I've been out of warranty a 10 months, but still under 50k. Not too worried. I usually keep my cars a full model run and sell at under 65k with not many issues.
__________________

Greg Lake Oswego, Oregon, USA
2008 M3 Coupe - Alpine/Fox Red/Carbon
2015 M4 pre-ordered 4/13
GregW / Oregon is offline   United_States
0
Reply With Quote
      02-09-2013, 01:16 PM   #22
shivaswrath
Colonel
 
shivaswrath's Avatar
 
Drives: 2012 335i
Join Date: Apr 2008
Location: Lost in NJ

Posts: 2,804
iTrader: (3)

On a late generation model like the M3, I wouldn't.

I got one for my F30 because...it was offered to me by the dealership for $600 because they forgot to register my new vehicle warranty, LOL!

On a new model like the F30, it makes more sense since BMW is notorious for ironing out kinks and issues (car's been in the shop for 6 days so far)...on an M3, I would think you'd be fine.
__________________
2012 335i Mineral Gray
M Performance Whore: PPK|Exhaust|Brakes|Performance Suspension Struts & Springs|Black Kidney Grilles|CF Spoiler and Mirror Caps|Bav Stage 1 upgrade |M Sport 400M|BMWF30.com
shivaswrath is offline   United_States
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 09:33 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST