Warranty or not to warranty that is the question?

Vito · 19-02-2010, 04:38 PM

Hi All
We all have CSL’s some Black some SG all built in 2003 some reg. date 03 or 04 and all various mileages. But now all our cars are out of manufacturer’s warranty for some time now and BMW encourage us to take out extended cover. I am due to update my warranty in about 2 weeks and what I am looking for is some feedback on other people’s experiences. I am for NO WE DONT NEED IT depending on millage and track work unless someone can convince me otherwise.
My car is a 12/03 build and reg. date 04 with FBMWSH and 36k. It has just been taxed, mot, oil service, brake fluid change and had the coil springs dune under warranty.
We buy BMW for a reason that is why we pay a premium to drive such a car. They are meant to be reliable and bullet proof the CSL was £58k new. We get them serviced at an approved dealer bang on time to keep the history spot on we pay the big labour charges. Our cars are only about 6 years old now and I know every car has a very different life from track cars to garage queens but are BMW trying to tell us that after 6 years they have no confidence in their product. Even when we take it to them to be serviced etc it’s like we have to insure the insured what’s next.
Let’s take the comprehensive cover at an annual price of £835 with £100 excess so in a year any claim will cost me £935 in total so it’s going to have to be well over that to justify it sorry I just can’t see it.
Take my recent claim coil springs I was told about £350 supplied and fitted I would have saved nearly £600 that year. The way I see it is my car will always be serviced at BMW so forget the warranty and that will pay for a full set of tyres. I know some of you might say what about resale value well we all know as long as you keep up the servicing you can start the warranty back up again at any time granted for about £200 extra I think. Maybe I will when my car is older with more miles but with 36k I can’t see the point. I put a warranty on my wife’s 997 C2 cost £1400 never again what a waste of money.
I even thought as I have the comprehensive cover it was just like the manufactures but no it does not cover trim etc. This is my second CSL my first was 18 months old with 10k when I got it. I had new steering wheel, kick plates, CSL side grills and roof rails all done under warranty no questions but now even if they were needing done the warranty will not cover them.
So to sum this up apart from peace of mind and higher millage cars also car that do track work YES get a warranty. But road cars with lower miles but still get driven like they are built for I say NO WARRANTY you just don’t need it. Maybe from this we can find a point at age or miles that is a good idea to have a warranty but for example why spend nearly £1000 on a car with FSH with low miles.
Maybe I am wrong if so please post back and let me know if your warranty has ever justified it’s self how many of us have wasted thousands for nothing that can go towards new tyres ,service or insurance but I think till then keep your cash and take advantage of BMW start again anytime warranty and keep your money.
I might post again in a year a happy man just saved nearly £1000 or maybe crying you know what they say high risks high reward.
Regards Vito
Thanks for any input

19-02-2010, 04:38 PM	#1
Vito Wonky 'L' after Washing Join Date: Oct 2009 Posts: 17 Casino cash: $550	Warranty or not to warranty that is the question? Hi All We all have CSL’s some Black some SG all built in 2003 some reg. date 03 or 04 and all various mileages. But now all our cars are out of manufacturer’s warranty for some time now and BMW encourage us to take out extended cover. I am due to update my warranty in about 2 weeks and what I am looking for is some feedback on other people’s experiences. I am for NO WE DONT NEED IT depending on millage and track work unless someone can convince me otherwise. My car is a 12/03 build and reg. date 04 with FBMWSH and 36k. It has just been taxed, mot, oil service, brake fluid change and had the coil springs dune under warranty. We buy BMW for a reason that is why we pay a premium to drive such a car. They are meant to be reliable and bullet proof the CSL was £58k new. We get them serviced at an approved dealer bang on time to keep the history spot on we pay the big labour charges. Our cars are only about 6 years old now and I know every car has a very different life from track cars to garage queens but are BMW trying to tell us that after 6 years they have no confidence in their product. Even when we take it to them to be serviced etc it’s like we have to insure the insured what’s next. Let’s take the comprehensive cover at an annual price of £835 with £100 excess so in a year any claim will cost me £935 in total so it’s going to have to be well over that to justify it sorry I just can’t see it. Take my recent claim coil springs I was told about £350 supplied and fitted I would have saved nearly £600 that year. The way I see it is my car will always be serviced at BMW so forget the warranty and that will pay for a full set of tyres. I know some of you might say what about resale value well we all know as long as you keep up the servicing you can start the warranty back up again at any time granted for about £200 extra I think. Maybe I will when my car is older with more miles but with 36k I can’t see the point. I put a warranty on my wife’s 997 C2 cost £1400 never again what a waste of money. I even thought as I have the comprehensive cover it was just like the manufactures but no it does not cover trim etc. This is my second CSL my first was 18 months old with 10k when I got it. I had new steering wheel, kick plates, CSL side grills and roof rails all done under warranty no questions but now even if they were needing done the warranty will not cover them. So to sum this up apart from peace of mind and higher millage cars also car that do track work YES get a warranty. But road cars with lower miles but still get driven like they are built for I say NO WARRANTY you just don’t need it. Maybe from this we can find a point at age or miles that is a good idea to have a warranty but for example why spend nearly £1000 on a car with FSH with low miles. Maybe I am wrong if so please post back and let me know if your warranty has ever justified it’s self how many of us have wasted thousands for nothing that can go towards new tyres ,service or insurance but I think till then keep your cash and take advantage of BMW start again anytime warranty and keep your money. I might post again in a year a happy man just saved nearly £1000 or maybe crying you know what they say high risks high reward. Regards Vito Thanks for any input