BMW M5 Forum and M6 Forums banner

161 - 180 of 412 Posts

·
Banned
Joined
·
561 Posts
Believe it or not, the most reliable car I've ever owned was my 2006 Chrysler 300C SRT8. In 6 years of ownership, I only had it to the shop 1 time for a non regular maintenance visit, and that was for a torn valve cover gasket. And I beat the crap out of that car. If I could only be so fortunate with the M5.
I hope you have the same results as the srt 8...but just in case that's why we buy extended warrantys...just in case;)
 

·
Registered
Joined
·
457 Posts
I had this warranty through the same credit union, it's terrible if you plan to modify your car. Do a search for some of my posts regarding my recent experience with them. Long story short, I cancelled my policy after they denied my claim due to modifications. If you plan on keeping it stock or mild mods, then perhaps its ok...but they denied my claim bc I had aftermarket wheels, suspension, and exhaust.

Also, they've monitored these forums to collect any type of information about their policy holder's activities to build a case to deny claims - just speaking from experience so take necessary pre-cautions to make sure they can't ID you (e.g. posting videos, photos w/ clear view of your license plate, etc.)

PM me if you want details. Just looking out.
 

·
Registered
Joined
·
689 Posts
I appreciate the heads up. But the most I'll likely do for mods would be high-flow air filters. I really don't think this company is any different than any of the other better ranked aftermarket warranty companies when it comes to mods. All of their exclusionary policies pretty much read the same. They all want your car stock.

So you're saying that the warranty companies have taken the government's position of spying on their policy holders through the internet? I really don't think aftermarket warranty companies have the time or resources to do that....unless they're working in cahoots with Barack Obama and the rest of the government. ;)
 

·
Registered
Joined
·
457 Posts
I appreciate the heads up. But the most I'll likely do for mods would be high-flow air filters. I really don't think this company is any different than any of the other better ranked aftermarket warranty companies when it comes to mods. All of their exclusionary policies pretty much read the same. They all want your car stock.

So you're saying that the warranty companies have taken the government's position of spying on their policy holders through the internet? I really don't think aftermarket warranty companies have the time or resources to do that....unless they're working in cahoots with Barack Obama and the rest of the government. ;)
Haha, yeah big brother is everywhere, even on m5board. :)

In seriousness, yes. Warranty companies are using specialized IT software to mine and monitor forums like these to try to build a case to deny claims and defend against lawsuits. It makes sense on their part to try to find any reason to cancel your policy as result of something like modifications. In my case, they collected posts from here of my mod threads, YouTube videos, and were able to match my license plate from those photos and videos to my identity. It's also happened to at least 1-2 other members here. Additionally, the Cuna Mutual policy is technically not a extended warranty. It's mechanical breakdown coverage, which in its technical terms is not covered by the Magnusson Moss act as well - just FYI. My advice should you consider it is 1) if you have mods and need warranty work either take them off before you bring your car in for the work (a real PITA) or 2) find a mod friendly dealier or SA that has good experience dealing with aftermarket warranty claims companies. I'd never recommend anyone get the Cuna Mutual Policy/Consumers Program Administrators. It's cheap for a reason, service sucks, and filing a claim is even worse. Just my .02


Best of luck....
 

·
Registered
Joined
·
689 Posts
Do you guys get the option to buy the actual extended BMW warranty?
Not if your car is outside of the original warranty period. And even if it were still covered by the original factory warranty, you can only extend it with power-train coverage from BMW....unless you are purchasing the car as certified pre-owned.
 

·
Registered
Joined
·
3,940 Posts
MLife is correct. Another thing to add is that they send out inspectors if your car goes over a certain claim amount then it will be out of the service adviser's and tech's hands. The inspector will take photos each time and report back their findings to the warranty company. What they find aftermarket all depends on the inspector. Some will know aftermarket suspension and wheels won't affect mechanical components but some will nit pick. I would just trend carefully because the feeling of getting denied coverage for something you paid for sucks!
 

·
Registered
Joined
·
51 Posts
Well, none of the credit uniions in my area sell the warranty, even though they deal with CUNA. I guess I'll go back to Costco, Fidelity or Zurich for pricing. They were all in the $5K area. Costco even had a 6 year/60K miles.

getting very strange, I called CUNA directly 800-333-3028 and they took my information and looked up the car in their system and said they don't cover my 2010 M5 at all.
 

·
Registered
Joined
·
755 Posts
Moving to All Things Warranty sticky to keep all the discussion in one place. Will leave temporary redirect.
 

·
Registered
Joined
·
691 Posts
Not if your car is outside of the original warranty period. And even if it were still covered by the original factory warranty, you can only extend it with power-train coverage from BMW....unless you are purchasing the car as certified pre-owned.
Different situation here, 'extended BMW warranty' available, dealer does all the work you just drop off and pick the car up no claims process or anything.
 

·
Registered
Joined
·
52 Posts
Well, none of the credit uniions in my area sell the warranty, even though they deal with CUNA. I guess I'll go back to Costco, Fidelity or Zurich for pricing. They were all in the $5K area. Costco even had a 6 year/60K miles.
After spending a couple weeks looking for a warranty, I ended up buying at Costco (Century Warranty Services). Others I looked at hard were Endurance (actually bought it, then cancelled), Pinnacle Automotive Protection, Warrantech (sold by a couple different companies) and a couple more. I heard from others that Zurich either doesn't cover the M5, or that it would be incredibly expensive- don't know which is the case. If I had not gone with Costco, I probably would have still cancelled Endurance and gone with Pinnacle.

I chose Costco primarily because it had fewer and more owner-friendly exclusions, had the best term for me (6 years/60k additional miles), and started right away (while the others either required an inspection or had a 30 days and 1k miles waiting period). I am not aware of anything being wrong with my car, but it was nice to avoid the time and expense of an inspection, and not having to drive for 1k miles with my fingers and toes crossed. It also has a 60-day full refund. The downside of my Costco warranty is a $250 deductible. Costco has a $100 deductible option, but it made the warranty crazy expensive (IMO).
 

·
Registered
Joined
·
51 Posts
Great information, I have a 2010 with 33,500 miles. I just called Zurich and Costco again and here are the figures they gave me...

Zurich-5 years (the max they will go) up to 100K miles- $5924 with a $0 deductible. $100 deductible was $5499
Costco-6 years/additional 72K miles $6245 with $500 deductible, $7993 with $250 deductible
Costcto-6 years/additional 60K miles $4994 with $500 deductibe, $6326 with $250 deductible

The rates on both companies sky rocket at 35K miles

My original factory warranty is up on September 21st, so I'm I'm planning on getting a warranty at 34,900 miles, lol.
 

·
Registered
Joined
·
58 Posts
Hello all,

I've pretty much filtered down my choice of warranties for a 06 M5 with 37K miles. I need expert opinion of deciding the best one, particularly if SMG and clutch/flywheel parts are covered.

1. CustomEdge via Bruce: 3y/36K ~$4100
2. EasyCare Total Care: 3y/36K ~$4500 (via BMW dealer, and salesperson willing to write on contract that SMG, Vanos, and flywheel is covered)
3. Courtesy Insurance (via Costco): 3y/36K ~ $4700 (standard manual trans not covered)

Here's the dilemma. All 3 providers cost roughly the same. All are exclusion policies. What is confusing me is how each word their coverage. For example, Bruce told me upright that clutch/flywheel is not covered, but SMG is because CustomEdge treats it as a pump.

On the other hand, Costco warranty claims that "all related standard manual transmission" components are NOT covered, but nothing in the contract mentions the SMG pump, if it's part of the manual trans. or a separate entity. Is our trans. considered a standard manual? (even though it's electronically controlled). Furthermore, Costco mentions that it will not cover any parts (that are not covered) but resulted due to the failure of a part that is covered. This pretty much means that if the dry bushings in my car fail, and take the clutch with it, that the clutch will not be covered, even though it's a defective item from BMW (which was later revised to include lubricant).

Lastly, EasyCare is being offered via my BMW dealership. While not specifically in the contract, the salesperson (from BMW) is willing to write on paper that SMG pump, Vanos, and flywheel is covered because the rep. at EasyCare said so. Should be skeptical about this? Will EasyCare honor such a claim if it's officially put on paper by the salesperson? (the sales person is not the underwriter obviously)

The good thing about Easy and Costco is that I can pay off in 18m with 0% interest. Bruce doesn't have a plan.

So what do you guys suggest is my best bet? They all cost the same so it's not like cost is even a deciding factor. From the 3 choices given, what warranty gives me the best coverage?

Thanks!
 

·
Registered
Joined
·
62 Posts
Buying a modded E60 M5 adding extended warranty?

Hello, I am looking to buy an E60 M5 07+ and I was wondering if I could get some help. I want to know if I get one stock how much an extended warranty would cost me and if I can even get an extended warranty? Also will any of these extended warranties allow some basic bolt ons?
Thanks, Alex.
 

·
Registered
Joined
·
3,940 Posts
Hello, I am looking to buy an E60 M5 07+ and I was wondering if I could get some help. I want to know if I get one stock how much an extended warranty would cost me and if I can even get an extended warranty? Also will any of these extended warranties allow some basic bolt ons?
Thanks, Alex.
It all depends on the warranty provider. Some will want a pre-purchase inspection before they allow you to purchase their warranty to make sure there aren't any pre-existing problems. I would do research on the board and look for more "mod friendly" companies. There aren't many out there left. And whatever you do, don't post up any pictures that have your license plate showing. A few members have been denied their warranty coverage after.

I suggest contacting Bruce M. he has posted in the sticky thread at the top of the E60 & E61 M5 discussion forum. He sells these warranties all the time at his dealer. I would ask him what he thinks, I purchased one from him for my other car and it's been great.
 

·
Registered
Joined
·
56 Posts
I have never found a company that will warranty any modded parts for a car in my 15 years in the automotive field. I have owned many modded cars over my time and they have had warranty, but that warranty is for the factory components. So if a modded component is used in place of a factory one and it breaks they will cover the costs the replace with the OE component.
This has been my experience up here in Canada anyway.
 

·
Registered
Joined
·
3,999 Posts

·
Registered
Joined
·
7,327 Posts
I was hesitant about getting an extended warranty when my factory one was close to expiration due to my mods (look at my signature) but took the plunge with only 80 miles before it reached 50K a few years ago. I went with Easy Care which is what my dealer was selling and they covered every claim I had during that time. I had things like the CAS module and TCU replaced for a battery drain where it took them almost 40 days to find; idle actuator; even things I thought were wear-n-tear items like worn hood shocks and leaking lower control arm. It just boils down to how mod-friendly your dealer or SA is and what kind of relationship they have with the third party warranty company.
 

·
Registered
Joined
·
755 Posts
moving to warranty sticky....
 
161 - 180 of 412 Posts
Top