All things warranty (please post all warranty-related questions here) - Page 16 - BMW M5 Forum and M6 Forums
E60 M5 and E61 M5 Touring Discussion 2005- Advertiser's Forum

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post #151 of 407 Old 8th June 2013, 03:55 AM
Revo
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Quote:
Originally Posted by DaveW68 View Post
I got the loan for the M5 today & pick up the car tomorrow. I made a mistake on warranty cost. The 5 yr/60k mile bumper to bumper warranty cost is $1902. Going to a 5 yr/75k warranty is $2531 based on this car's miles, both based on $250 deductible. The warranty is with Consumer Program Administrators, Inc. Coverage is not retroactive and the miles and time start at the time I pick up the car.
If that's truly bumper to bumper an doesn't exclude any major components through the contract verbiage, then that is an INCREDIBLE price for that duration warranty. We paid about $4500 for a 4yr/50k warranty.

The M5 is my dad's - but I drive it more than he does!

Sold Sept '16. It was an amazing 7 years.
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post #152 of 407 Old 8th June 2013, 04:46 AM
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Wow great find, from searching the web it looks like they pay. My local credit union uses CUNA. I don't have a loan on my car, I wonder if they'd just sell me the warranty. I guess I could find out on Monday. Or get a loan for the price of the warranty on my car. My factory warranty is up in September.

found this on the web, make sure it's not on your warranty
"There is a clause in the warranty that states something like you or Cuna can cancel it at any time"

Last edited by Greg T; 8th June 2013 at 04:51 AM.
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post #153 of 407 Old 8th June 2013, 04:47 AM
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Quote:
Originally Posted by Revo View Post
If that's truly bumper to bumper an doesn't exclude any major components through the contract verbiage, then that is an INCREDIBLE price for that duration warranty. We paid about $4500 for a 4yr/50k warranty.
It's a true exclusionary warranty. Everything is covered except (directly from the warranty):

A. Normal Maintenance services and parts including engine tune-up, (includes spark plugs, glow plugs, ignition wires, distributor cap & rotor), carburator, throttle body assembly (except injectors), EGR valve, battery, filters, lubricants or fluids, air conditioning refridgerant, engine coolant, all hoses and belts (not specifically listed), wiper blades, brake pads & shoes, brake rotors & drums, suspension alignment, constant velocity boots, tires, wheel covers, wheel rims, wheels, wheel balancing, shock absorbers, suspension air bags, exhaust system, catalytic converter, friction clutch disc & pressure plate and clutch release bearing. **

B. Glass, glass framework & framework adhesives, sealed beam head lamps, light bulbs, lenses, trim moldings, bright metal, upholstery, vinyl & convertible tops, paint, sheet metal, bumpers, alignment of body parts, flexible body parts, door panels, body panels, structural framework, convertible top framework, structural welds, hinges, door handles, and removable hardtop assemblies.

C. Aftermarket accessories or equipment, components and systems not installed by the manufacturer,including but not limited to: anti-theft systems, radar detectors, CB radios, radio/speaker equipment, cruise control, sunroof, solar powered devices, telephones, TV/VCR/DVD and related components and applicances.

** If there were a failure of a covered item such as an air conditioning compressor, then air conditioning refridgerant would be covered. Another example of an exclusionary item being covered would be engine coolant if the radiator failed. I confirmed that the SMG pump is covered.

This warranty is as good as it gets when it comes to covering items on these cars. Warranty prices are based on age and milage at time of purchase.

This warranty also comes with rental reimbursement, emergency roadside assistance, and emergency travel expense reimbursement.

Talk to your local credit union and see if they offer this warranty. You do not need to be a member to purchase it. If they are part of the CUMA network (most are), then they should have it available.

The cheapest I could find befoe finding this gem for an exclusionary warranty was over $4400 with a $200 deductible on a 4 yr/48k policy.

Last edited by DaveW68; 8th June 2013 at 04:49 AM.
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post #154 of 407 Old 8th June 2013, 04:58 AM
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Quote:
Originally Posted by Greg T View Post
Wow great find, from searching the web it looks like they pay. My local credit union uses CUNA. I don't have a loan on my car, I wonder if they'd just sell me the warranty. I guess I could find out on Monday. Or get a loan for the price of the warranty on my car. My factory warranty is up in September.

found this on the web, make sure it's not on your warranty
"There is a clause in the warranty that states something like you or Cuna can cancel it at any time"
The only thing is says is that the lien holder may cancel the warranty if I were to default on the loan. They told me that you do not have to have a loan with the credit union in order to obtain coverage. I supposed that could vary depending on the credit union.
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post #155 of 407 Old 8th June 2013, 05:08 AM
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post #156 of 407 Old 8th June 2013, 05:19 AM
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How about posting up a phone number to call to inquire/purchase, please?


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Like I mentioned earlier, call your local credit union, see if they are part of the CUNA Mutual Network, then see if they offer the warranty. The pamplet they first gave me said it is called the "Member's Choice Mechanical Repair Coverage", administered by Consumer Program Administrators, Inc.
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post #157 of 407 Old 8th June 2013, 05:22 AM
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Well...in my opinion the price good... but 250 deductible...??....men I prefer mine that I paid 4100 and no deductible platinum 4 years and 60000 miles...250 deductible means anything minor that you dont know what it is ...you cant use it....for me if I see anything. ..and I mean anything. ..a single light go on...I go there ...a little noise i go there...so you basically gonna have it for mayor issues. ..and medium issues. .....dont get me wrong...a lot of stuff in this car is expensive. ..but we gonna have minor things too.... again just my opinion. ..I would pay 4000. For 4 and 60000 ..with 0 deductible any time..I can take the car there 100 times knowing I don't have to pay nothing

Last edited by Erazo M5; 8th June 2013 at 05:24 AM.
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post #158 of 407 Old 8th June 2013, 05:35 AM
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Originally Posted by Erazo M5 View Post
Well...in my opinion the price good... but 250 deductible...??....men I prefer mine that I paid 4100 and no deductible platinum 4 years and 60000 miles...250 deductible means anything minor that you dont know what it is ...you cant use it....for me if I see anything. ..and I mean anything. ..a single light go on...I go there ...a little noise i go there...so you basically gonna have it for mayor issues. ..and medium issues. .....dont get me wrong...a lot of stuff in this car is expensive. ..but we gonna have minor things too.... again just my opinion. ..I would pay 4000. For 4 and 60000 ..with 0 deductible any time..I can take the car there 100 times knowing I don't have to pay nothing
4 years/60k miles with no deductible on this plan would have cost me $3295. $100 deductible is $2493. $250 deductible is $1716.

For my 5 yr/60k mile choice, the $100 deductible would be $2793, while no deductible would be $4980. IMO, the $250 deductible at $1902 was the best deal for me at just 33k miles as it would take several warranty trips to make up the difference.
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post #159 of 407 Old 8th June 2013, 05:46 AM
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Quote:
Originally Posted by DaveW68 View Post
4 years/60k miles with no deductible on this plan would have cost me $3295. $100 deductible is $2493. $250 deductible is $1716.

For my 5 yr/60k mile choice, the $100 deductible would be $2793, while no deductible would be $4980. IMO, the $250 deductible at $1902 was the best deal for me at just 33k miles as it would take several warranty trips to make up the difference.
I get your point. ....but when I had my previous m3 ...I didn't had mayor issues. ..all of them we're minor....like spark plugs...battery. .and others...and I had 100 deductible and most of the the repair or what it was ..it was almost the price of the deductible or close....so my point is on previous experience. ....why do you think they are charging ypu more for the 0 deductible. ..because they know...the choice it's yours but if it was me ...I would go with the 0 deductible. ..and with this cars you don't know how many trips there you're gonna make....remember this car is not as reliable as the lexus...I had one and never gave any problems at all...but with the m cars...you can be surprised on how many things can go wrong. ..again good luck with any choice you make...and I hope you don't even have to use it...and that is just my opinion..enjoy ypur new beast...you gonna love it
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post #160 of 407 Old 8th June 2013, 05:57 AM
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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.
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