Member, Sport: Off DSC: On (>50 posts)
Join Date: Jun 2013
Thanked 5 Times in 2 Posts
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?