All things warranty (please post all warranty-related questions here) - Page 7 - BMW M5 Forum and M6 Forums
E60 M5 and E61 M5 Touring Discussion 2005- Advertiser's Forum

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post #61 of 389 Old 15th November 2012, 05:51 PM
Bruce M.
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I can't speak to that warranty, no personal experience or knowledge. It's exclusionary, which is good. Follow sidemarker's advice and do some research with a few dealers, google the company, etc.

The one thing I can tell you is that if you plan to keep the car and buy a warranty, get it now, don't wait. I have a folder in my email application named "OhNo" filled with horror stories from people that waited and suffered an expensive failure without coverage, waited and price went up a lot, waited and warranty company no longer offered coverage for their car, etc. Waiting is rarely a smart move IF you know you plan to keep the car AND you know you intend to buy a warranty.

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post #62 of 389 Old 15th November 2012, 07:38 PM
horse86
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Being that the M5 (2008 with 30k) is my summer only car and I split the summer traveling between that and my bike I am seriously thinking about NOT getting a warranty. I will probably only put 5k miles on it a year MAX. I just don't see a ROI with getting a warranty. I figure I'll probably be better off saving that $ and repair as I go. Comments on this approach??

There is abolsultely no repairs that have been needed up to this point. Just regular oil changes, cabin filter changes, brake fluid changes, etc all done under the Maintence plan that is now expired.
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post #63 of 389 Old 15th November 2012, 08:26 PM
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Quote:
Originally Posted by horse86 View Post
Being that the M5 (2008 with 30k) is my summer only car and I split the summer traveling between that and my bike I am seriously thinking about NOT getting a warranty. I will probably only put 5k miles on it a year MAX. I just don't see a ROI with getting a warranty. I figure I'll probably be better off saving that $ and repair as I go. Comments on this approach??

There is abolsultely no repairs that have been needed up to this point. Just regular oil changes, cabin filter changes, brake fluid changes, etc all done under the Maintence plan that is now expired.
thats the thing...I drive like...next to never. Mind you the driving I would be doing would be rather 'spirited' im sure lol


mm....
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post #64 of 389 Old 21st November 2012, 01:31 AM
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Glad I found this thread...

I am about to pick up an 08 M5, approximate mileage is 42000... from what the seller tells me I still have until March of 2013 on the maintenance plan with BMW but the warranty itself just recently expired. Will it be difficult to extend the factory warranty or maintenance plan or will I have to go with something aftermarket? Also, does anybody have a ballpark figure what purchasing one will be? I read through the thread and did notice that several individuals said that prices have risen dramatically for coverage on this car; however, before I decided to purchase the car I decided that I wouldnt own one without coverage.

That being said, this is my first post. Even before asking around about mods!

J.
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post #65 of 389 Old 22nd November 2012, 06:00 PM
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I got a 07 @ 58k with a 2 year bmw powertrain plus. Warranty for about 3400. Should I keep it or cancel and possibly find something better?
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post #66 of 389 Old 24th November 2012, 05:57 AM
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Originally Posted by sr23det View Post
I got a 07 @ 58k with a 2 year bmw powertrain plus. Warranty for about 3400. Should I keep it or cancel and possibly find something better?
My advice would be to cancel and get something else (preferably from me!).

That coverage is so limited, if you start having problems, unless you blow the motor, you'll be paying for most things yourself.

I can get you two years of exclusionary coverage (including SMG Pump), which includes almost everything on and in the car, for not much more money than what you paid for two years of powetrain-only coverage. There's no comparison.

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post #67 of 389 Old 24th November 2012, 05:59 AM
Bruce M.
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Originally Posted by JCancio View Post
Glad I found this thread...

I am about to pick up an 08 M5, approximate mileage is 42000... from what the seller tells me I still have until March of 2013 on the maintenance plan with BMW but the warranty itself just recently expired. Will it be difficult to extend the factory warranty or maintenance plan or will I have to go with something aftermarket? Also, does anybody have a ballpark figure what purchasing one will be? I read through the thread and did notice that several individuals said that prices have risen dramatically for coverage on this car; however, before I decided to purchase the car I decided that I wouldnt own one without coverage.

That being said, this is my first post. Even before asking around about mods!

J.
I can help get you coverage. I can't speak to what BMW can offer for an extended warranty, but I can get you into an excellent exclusionary plan, usually for less than BMW charges.

Email me for more info, include ytour VIN# and odometer reading.

Thanks!

Bruce
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post #68 of 389 Old 24th November 2012, 05:00 PM
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BMW Warranty info

For those who have questions about BMW's extended warranty plans, they have different coverage levels based off if your car is, or is out of the original warranty period (4 yrs/50K miles).

**I have BMW's extended warranty Platinum level, which is their top tier coverage. So far it's paid for replacing the SMG clutch position sensor, front bushings, and some other items.

**I paid $4991 for an additional two years / up to 100K miles.

**The advantage is that it's a BMW backed warranty, works at every BMW dealer, and there shouldn't be any arbitration (none that I've experience at least). The disadvantage is that it is only honored at BMW dealerships and does not allow you the flexibility to take your car to an Indy shop. 3rd Party warranties are more flexible and if your Indy shop accepts the insurer, you can take it to places of your choosing, including BMW dealerships. However, depending on the warranty company, they may have to have a claims adjuster come visit and the process can be a bit long (so I've heard and seen people gripe about on this board). More often than not, it's just a quick phone call from your Service Dept to the insurer.

This chart below depicts coverage for in/out of warranty (I think M cars are either category D or E - I forget which):


For buying a warranty for cars still in original warranty period, there are three coverage levels:

Powertrain
Gold
Platinum.

Each level provides varying coverage, the platinum being the most comprehensive. However, none are all inclusive as the original 4 yr/50k warranty.

Powertrain is minimal, covering major mechanical components, and is pretty much the equivalent to BMW's CPO program (so I've been told).

That said, Platinum is an exclusionary warranty and items that are not covered are listed in the contract. Warranty booklet and sample contracts are attached in PDF form.

Pics of Contract listing items excluded:





Prices vary from dealer to dealer. Each dealer tries to mark up the warranty costs. The best thing to do is shop around and pit dealers against each other to drive costs down.

Also, here are threads discussing BMW's warranty with input from members such as Bruce M, myself, and others
NAC Warranty
BMW extended warranty?
BMW extended warranty offer: To Good to be True?
Attached Files
File Type: pdf BMW Warranty phamplet.pdf (1.27 MB, 126 views)
File Type: pdf BMW EVP GOLD AND PLATINUM SAMPLE CONTRACT.pdf (1.18 MB, 476 views)

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DINAN 3.91 Differential, Stage 2 Suspension, Free-flow exhaust, Stage III Software, Front strut braces,
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Last edited by mdyaman; 24th November 2012 at 09:52 PM.
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post #69 of 389 Old 24th November 2012, 08:49 PM
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Quote:
Originally Posted by Bruce M. View Post
My advice would be to cancel and get something else (preferably from me!).

That coverage is so limited, if you start having problems, unless you blow the motor, you'll be paying for most things yourself.

I can get you two years of exclusionary coverage (including SMG Pump), which includes almost everything on and in the car, for not much more money than what you paid for two years of powetrain-only coverage. There's no comparison.

Bruce
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Hi Bruce can you pm me more info on the warranty/insurance info? i'll give you a call monday
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post #70 of 389 Old 25th November 2012, 12:19 AM
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Quote:
Originally Posted by Bruce M. View Post
I can help get you coverage. I can't speak to what BMW can offer for an extended warranty, but I can get you into an excellent exclusionary plan, usually for less than BMW charges.

Email me for more info, include ytour VIN# and odometer reading.

Thanks!

Bruce
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Bruce, as soon as I take delivery of the car I will send you an email with that information. Thank you for your help.

J.
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