All things warranty (please post all warranty-related questions here) - Page 25 - BMW M5 Forum and M6 Forums
E60 M5 and E61 M5 Touring Discussion 2005- Advertiser's Forum

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post #241 of 407 Old 19th December 2013, 06:34 AM
srtoad4
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Best value extended warranty out there

So my Zurich extended warranty expires in April, and I'm looking to definitely do a new 2 year or 3 year extended warranty. I called Zurich and here are the prices they gave me:

Comprehensive plan with $100 deductible

5 yr $15000
3 yr $9200
2 yr $6812


Powertrain plan only
5 yr $7018
3 yr $5036
2 yr $4200

These prices are INSANE.

I then contacted Carchex, and the guy quoted me $3200 for their best plan, for 3 years, which I thought sounded too good to be true. I asked him what is all included and he said everything minus interior trim pretty much.

Anybody have any experience with Carchex? Any other recommendations for good, cheap, extended warranties?

2006 BSM E60 ///M5
E-Race Exhaust
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post #242 of 407 Old 19th December 2013, 06:47 AM
BlaserLRII
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Yes, these prices are nuts! However, think about warranty on our cars as insurance. It is added cost of owning a car that costs thousands to fix if something little goes wrong. USAA's rates are similar. I spoke with my service adviser and he said most aftermarket warranty companies do all they can to wiggle out of covering issues on our cars. Good luck!
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post #243 of 407 Old 19th December 2013, 02:44 PM
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How many miles are allowed with those warranties? Pricey indeed. But...then a 2006 is about 8 years old. It is all about Total Cost of Ownership - these cars are not cheap.

I think a well known, reputable company, with references (talk to people who have experience with them) warranty would be a must. A "no name brand" and you will probably get little to nothing out of them.
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post #244 of 407 Old 19th December 2013, 06:44 PM
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I just bought one from USAA (purchased through USAA but the warranty provider is Assurant) and spent $2900 for a 2/24. I figure USAA tends to stand behind its stuff, so even if I have a problem with Assurant hopefully USAA would step in. I've only read about one issue here with Assurant and it was because some previous repair was cited as a cause for the current issue. I think that could happen with most warranties though, and fortunately for me my car has a pretty spotless service history.
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post #245 of 407 Old 20th December 2013, 06:56 PM
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Okay, here is an example of BMW coverage and others! Talking to the service adviser he said this other warranty covers navigation, but not the monitor. Go figure! The bottom line is other warranties go there best to get out of coverage.
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post #246 of 407 Old 21st December 2013, 06:06 AM
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Quote:
Originally Posted by M5isgod View Post
Quick question.

If I was to buy a used E60 M5 08 and up some place other then a BMW dealership, can I still call the dealership and get a warranty on the car?
Yes

2010 BMW M5 Indy Red ///

Dinan Section 3 exhaust with black tips
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post #247 of 407 Old 22nd December 2013, 05:55 AM
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Quote:
Originally Posted by srtoad4 View Post
So my Zurich extended warranty expires in April, and I'm looking to definitely do a new 2 year or 3 year extended warranty. I called Zurich and here are the prices they gave me:

Comprehensive plan with $100 deductible

5 yr $15000 h:
3 yr $9200 h:
2 yr $6812


Powertrain plan only
5 yr $7018
3 yr $5036 I can understand this price
2 yr $4200 I can understand this price

A refurb s85 engine is much less than the 5 yr $15000 so it is asinine to pay that for warranty. The only thing you have to worry about is s85 engine and if the price of warranty is much more than a refurb engine, RUN not WALK away, RUN. Not worth the paper the warranty is printed on. lol at the $100 deductible for 15k policy.

"Every man's heart one day beats its final beat. His lungs breathe their final breath. And if what that man did in his life makes the blood pulse through the body of others and makes them bleed deeper in something that's larger than life, then his essence, his spirit, will be immortalized by the storytellers -- by the loyalty, by the memory of those who honor him, and make the running the man did live forever" (J.Hellwig)
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post #248 of 407 Old 22nd December 2013, 10:29 AM
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Quote:
Originally Posted by BlaserLRII View Post
Yes, these prices are nuts! However, think about warranty on our cars as insurance. It is added cost of owning a car that costs thousands to fix if something little goes wrong. USAA's rates are similar. I spoke with my service adviser and he said most aftermarket warranty companies do all they can to wiggle out of covering issues on our cars. Good luck!
20 year USAA member here, but still thing the best plan is an extra savings account. I did that with my Porsche 911 and worked out fine. These plans on an older car are just not worth it. It boils down to....you bought a used car that is expensive to repair if broke. Do you pay an arm and a leg for a policy that has loop holes or just put money away in a different savings account for problems and maintenance. My personal experience is just get a different savings account....and make interest money off it till you need it.

2006 BMW M5, Sapphire Black Metallic, Colorado BMW CCA Member, Colorado ///M Flight member
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post #249 of 407 Old 22nd December 2013, 11:50 PM
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post #250 of 407 Old 2nd January 2014, 05:11 PM
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I just got a quote on a 08 M5 for a Zurich warranty, 5yrs/65k miles for $8800, it literally jumped $900 in a week!!! Last week I was quoted $7800. The dealer says it may be cause it's the first of the year....so I guess Zurich sees it as the car being another year older???
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