BMW M3 Extended Warranties
Discussion
Previous to this year BMW Extended Warranties for the M3 were brilliant, covering almost every non-wear-and-tear item and at about £600 were good value. I had one for years 4 and 5 for my car and hardly ever used it but it gave me great confidence to own an M3 after the first 3 years. This year they have increased the cost to £1050 (<60K) or £2100 (>60K, <100K), eliminated a lot of items and slapped a £250 excess on the warranty. Since I am just about to hand out £250 to extinguish an air-bag warning light I am a little bit annoyed at this change. Don't mind the cost of the warranty but not many BMW repairs cost less than £250. Also the excess for non-M 3-series is £100 and as far as I know the air-bag systems are just the same. Suddenly owning out-of-warranty M3s has become much more expensive !
taffyracer said:
Mine is up on June 16th, really not sure what to do, either chop it in quick or pay the warranty and keep it until next year, didn't realise it was a reduced cover though, might look at a non BMW one in that case, its bo
ocks IMO
how about px it for one which is one year younger at a dealership, one yrs no excess AUC warranty.ocks IMOThe cost of BMW's warranties for M cars has become a bit of a joke and is the sole reason that I haven't upgraded to an M3 in the last year. It's going to be approaching £3k per year to keep a 60k+ mile M3 on the road in terms of warranty and servicing, which is enough to look after a Ferrari 328. They should be careful with these high charges - they'll put people off buying used M cars, which will in turn hurt the residuals, which in turn will put people off buying new M cars.
Agreed - the pricing has got silly I chose not to renew and am going to take my chances. Agree that you will need something big to let go to really 'use' a £2k warranty.
Surely doing a part ex deal with BMW dealer to get the AUC warranty is madness and you will lose significantly more than £2k in that deal.
Just my two pence worth - and for info my car has been faultless, never claimed when I did have the warranty anyway (touches wood with both hands!)
Surely doing a part ex deal with BMW dealer to get the AUC warranty is madness and you will lose significantly more than £2k in that deal.
Just my two pence worth - and for info my car has been faultless, never claimed when I did have the warranty anyway (touches wood with both hands!)
MitchT said:
The cost of BMW's warranties for M cars has become a bit of a joke and is the sole reason that I haven't upgraded to an M3 in the last year. It's going to be approaching £3k per year to keep a 60k+ mile M3 on the road in terms of warranty and servicing, which is enough to look after a Ferrari 328. They should be careful with these high charges - they'll put people off buying used M cars, which will in turn hurt the residuals, which in turn will put people off buying new M cars.
But a Ferrari 328 is shit :PThey're not standard though, that's the point of an M, it;s not a 3 series with a better engine, the suspension, braking, diff and as a result performance and handling are on a completely different level to anything below it, i had a 330ci before it and the M blows it into the weeds in every department
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