BMW Approved Used M2

[v8ksn]

Morning all

I am considering buying a car privately but I am trying to understand how the extended warranty and BMW Manufacturers warranty work.

What are the main benefits of the BMW approved used cars over cars from independent dealers?

What is the new car warranty length on an M2 and what does it cover?

Can I buy a car privately and then apply a BMW warranty on it or does it not work like that?

Sorry for all the questions, i'm a BMW NOOB!

[Smuler]

v8ksn said:

Morning all

I am considering buying a car privately but I am trying to understand how the extended warranty and BMW Manufacturers warranty work.

What are the main benefits of the BMW approved used cars over cars from independent dealers?

What is the new car warranty length on an M2 and what does it cover?

Can I buy a car privately and then apply a BMW warranty on it or does it not work like that?

Sorry for all the questions, i'm a BMW NOOB!

See below link for the different warranties.

NB :- But if you're M2 is 2 years or less, you're going, in any event, to get the balance of the 3 yrs unlimited mileage manufacturer's warranty anyway, so from that perspective it doesn't matter so much where you buy it.

AUC doesn't add any extra warranty (beyond ensuring a total of 12 months minimum) automatically. However, you may be able to negotiate with a dealer to get an extension which can be well worth it.
So this, plus any other features of the AUC warranty (see the link) can be reasons to go AUC. Plus, although they're not perfect, BMW main dealers do tend to cherry pick the best examples and any issues you've got BMW customer services to call on, other than likely just the sale of goods (consumer rights act) with a non-franchised dealer. Or no comeback with a private purchase.

If you do buy privately you can buy the BMW insured warranty, see same link. And unless you buy a M2 that's over 3 years (and out of warranty) you should be able to pick the Insured warranty as an extension of the current warranty thus no break in continuity. If there's been a break, I believe (unless it's changed) you can't claim for the first 28 days and any pre-existing faults may also be excluded.


https://www.bmw.co.uk/bmw-ownership/servicing-and-...

Edited by Smuler on Monday 22 October 11:16

[v8ksn]

Excellent information, thank you.

[gizlaroc]

Also, make sure the car is under 60k miles when you take out the insured warranty (the one you do when your 3 year warranty or approved used warranty runs out) as it is much cheaper than a car with 61k miles on it.
Then do it monthly as it just rolls on until you cancel.
If you do it yearly if you are then at 61k miles next year you will pay the much higher price.

[couper]

I bought a 1M approved used from BMW and got the 12 month warranty that comes as standard. When it comes to an end you can transfer it onto the insured warranty and it achieves cheaper premiums than if you had tried to take it out yourself on a car that has not come through BMW AUC. Just for reference I paid around £530 for the fully comp, no excess warranty to be extended for a further 12 months, so I would imagine the M2 would be similar if the mileage is around sub-30,000 miles.

[JNW1]

gizlaroc said:

Also, make sure the car is under 60k miles when you take out the insured warranty (the one you do when your 3 year warranty or approved used warranty runs out) as it is much cheaper than a car with 61k miles on it.
Then do it monthly as it just rolls on until you cancel.
If you do it yearly if you are then at 61k miles next year you will pay the much higher price.

I think the policy if you opt to pay monthly may have changed!

Going back a few years I had an extended warranty on the my E46 M3 CS which was paid monthly and, as you say, the cost never went up even though the car turned 60k miles whilst under extended warranty. However, with my current F31 the cost increased on the anniversary of the renewal even though the car still hadn't covered 60k miles at that stage; it has now so if I still have the car on the next renewal anniversary it will be interesting to see by how much the monthly amount increases!

[gizlaroc]

You get annual increases, but they are based on it still being under 60k miles.

Our X3 went up from £38 a month to £40 or something like that, even though the car was now at 72k miles. If I was starting new it would have been around £75 a month.

[JNW1]

gizlaroc said:

You get annual increases, but they are based on it still being under 60k miles.

Our X3 went up from £38 a month to £40 or something like that, even though the car was now at 72k miles. If I was starting new it would have been around £75 a month.

So if the car was under 60k miles when the extended warranty was first taken out you get an annual increase if you pay monthly but only the equivalent of RPI(ish)? I'm sure the monthly on the warranty on my M3 never increased at all in the two or three years I had it running but I can live with the one on my F31 going up 5% each year (which was roughly the notified increase at annual renewal last month).

[mikeyscott]

I’m interested to know what the M2 will cost on extended when the time comes.

64 plate M4 I quoted on was £2k

[AW10]

mikeyscott said:

I’m interested to know what the M2 will cost on extended when the time comes.

64 plate M4 I quoted on was £2k

How many miles? And presumably coverage had lapsed?

[gizlaroc]

JNW1 said:

So if the car was under 60k miles when the extended warranty was first taken out you get an annual increase if you pay monthly but only the equivalent of RPI(ish)? I'm sure the monthly on the warranty on my M3 never increased at all in the two or three years I had it running but I can live with the one on my F31 going up 5% each year (which was roughly the notified increase at annual renewal last month).

Yeah, the sometimes just increase it, but not every year, and not double or more as you would if you were paying annually and had to declare mileage each time if you went over the magical 60k mark.

[130R]

Unless BMW have increased prices recently the extended warranty on an M car is usually just under 1k a year assuming < 60k miles.

[mikeyscott]

AW10 said:

mikeyscott said:

I’m interested to know what the M2 will cost on extended when the time comes.

64 plate M4 I quoted on was £2k

How many miles? And presumably coverage had lapsed?

23k ish, car for sale at main dealer, but I ran it through bmw warranty site to get an indication

[Steve Rance]

v8ksn said:

Excellent information, thank you.

Good to see that you are looking at an M2. I didnt think that BMW would make a car that would interest me as a drivers car again but the M2 really is a good car. For your needs it needs better damping control (primarily rebound) a decent geo (prob need adjustable control arms) and the obligatiry brake fluid and pad material change. Then you will have a very good car. I'd steer clear of the Comp. From a purely driving perspective it doesnt offer anything else other than more power, more weight and a lot more cost - and none of those are welcome additions.

[AW10]

mikeyscott said:

23k ish, car for sale at main dealer, but I ran it through bmw warranty site to get an indication

Pretty sure the BMW site isn't very clever and doesn't check current warranty status when offering a quote. If you're buying a car from the main dealer that's outside of the factory warranty and is covered by the AUC warranty negotiate to get another year thrown in for free. Saves you real money and costs the dealer less than what it will save you so often an easy win for both parties.

[v8ksn]

Steve Rance said:

Good to see that you are looking at an M2. I didnt think that BMW would make a car that would interest me as a drivers car again but the M2 really is a good car. For your needs it needs better damping control (primarily rebound) a decent geo (prob need adjustable control arms) and the obligatiry brake fluid and pad material change. Then you will have a very good car. I'd steer clear of the Comp. From a purely driving perspective it doesnt offer anything else other than more power, more weight and a lot more cost - and none of those are welcome additions.

Cheers Steve With the GT3 now sold I am looking for a car that I can use 90% of the time that will do all the mundane stuff but also entertain me. I'm heartened to hear you are still enjoying yours as it backs up my decision.

The 993 project is on the back burner for a while (till I find a decent donor car within budget). My plans are for a manual C2, rebuilt 3.6 engine, PSS10's, speedlines, and a stripped out interior. That's for a different day though (and a different forum)

[rrroro]

v8ksn said:

Cheers Steve With the GT3 now sold I am looking for a car that I can use 90% of the time that will do all the mundane stuff but also entertain me. I'm heartened to hear you are still enjoying yours as it backs up my decision.

The 993 project is on the back burner for a while (till I find a decent donor car within budget). My plans are for a manual C2, rebuilt 3.6 engine, PSS10's, speedlines, and a stripped out interior. That's for a different day though (and a different forum)

Is there a new trend we are witnessing I wonder, GT3 owners picking up an M2 as a bit on the side. I have a 2017 manual M2 as my daily to my 997.1 GT3. Fantastic car, it was the only car I test drove when looking for a new daily that got me excited about driving and that I could see myself using daily that wouldn’t bore me after a while. Initially I test drove a DCT which left me cold, but the dealer suggested I drive a manual and I was sold on it in the first 500 yards of driving it off the forecourt. The M2 only just narrowly beat a base 997.2 Carrera as a daily, purely because of the boot / folding rear seats practicality, otherwise I would’ve got another 911. Very happy with the purchase. I did briefly think about the M2C, but from the reviews I’ve read it’s heavier and doesn’t sound as good, so the N55 will do me fine for a while longer ... as for the question, it’s the balance of the new car warranty you’ll get if buying from a BMW main dealer, I’m yet to ask about what the extended warranty will cost when that runs out in a year or so. Good luck with the search, I’ve only good things to say about the M2

[daveknott5]

just had an extended warranty quote of £875 for 1 year on my 2016 M2! That seems very pricey to me - thoughts?!

[Pvapour]

Are these any good on a track day with a few tweaks? Was thinking of getting a gtr but these are a little cheaper..

[AW10]

daveknott5 said:

just had an extended warranty quote of £875 for 1 year on my 2016 M2! That seems very pricey to me - thoughts?!

- is the car still under the 3 year manufacturer's warranty or has that lapsed and there's currently no warranty on the car?
- how many miles are on the car?
- what's the excess?