Is BMW Extended Warranty Worth It?

[TW]Fox said:
You can swap to monthly at renewal, yes.

I don't personally see the value of the £250 excess. The only things I've ever had go wrong on an F10 have been small value items.
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How many small things in a year do you claim for?

I figured 1 thing going wrong is unlikely, 2 things even more unlikely. If 1 thing goes wrong the excess I pay is the £250, but ive saved £150 on the premium cost. If I make 2 claims I guess that's different.
 
I've never claimed on this car, had a parking sensor and a battery under new car warranty. Previous F10 a boot light. I'm amazed at how reliable they've been.
 
[TW]Fox said:
I've never claimed on this car, had a parking sensor and a battery under new car warranty. Previous F10 a boot light. I'm amazed at how reliable they've been.
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What car you got?

Think I'll just go £250. For me it's just so I know if something bad happens I'm covered. Small stuff I'll suck up.

Car doesn't seem to have any niggle.

Just bought the rubber mats all round. Including the boot. Lovely.
 
lnoton said:
Can I take out annual at the moment and in a couple of years switch to monthly before the 60k?

Looking at comprehensive with £250 excess. I'll take care of small things, and keep the cover incase the gear box, unlikely as it is, explodes. I figure the lower excess are aimed at people that would claim for small stuff etc.

Need to sort it tonight otherwise warranty will lapse tonight.

Not sure if that means the price will go up at midnight lol.
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Yes you can. That is exactly what I did, i.e. i was on annual and switched to monthly *before* I hit 60000 miles.

I have £100 excess on both my cars. If something is wrong, I take it in and don't have to worry about it. I factor these costs into the total cost of ownership. Bizarrely, they don't seem to penalise you if you make claims.
 
Just bringing this one back

640d 2018

now 45k miles and doing about 14k a year

£600 a yesr with 250 excess

80 more for roadside assitance

seem worthwhile? 600 seems ok but never had a n excess with other extended warranties before and it a grand with no excess
 
Rotty said:
Just bringing this one back

640d 2018

now 45k miles and doing about 14k a year

£600 a yesr with 250 excess

80 more for roadside assitance

seem worthwhile? 600 seems ok but never had a n excess with other extended warranties before and it a grand with no excess
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Seems good to me. But as mentioned previously, I’d get a quote for no excess.
 
MrRockliffe said:
Seems good to me. But as mentioned previously, I’d get a quote for no excess.
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He has, £1000.

I've always gone with £100 excess but I think my anticipated claim level was wrong. I've had the car 6 years now, of which 4 were under the extended warranty, and I've made zero claims. My concern with the £250 excess is if something does go wrong you are then left working out whether its worth sending it to the dealer or whether you could get it done for less somewhere else etc which begins to, for me at least, defeat the object of the warranty. However there is no doubt that on this car, for me, I'm financially worse off than I would have been with the higher excess.

But different people have different priorities in mind when they purchase insurance.
 
The only BMW I've ran without a warranty was my E92 M3 and that span a main (not rod) bearing and cost me £10k+ to sort. I avoided the warranty thinking that £3k a year was poor value... My F10 535d was pretty much faultless - went in for the SOS system/button throwing a fault and that's about it. M5 warranty covered some TPMS nonsense and a DCT sump pan. M2 didn't go wrong. My Z4's N54 engine had lots of N54-ness sorted under warranty - injectors, hpfp etc etc which 'paid' for a good few years of warranty leaving me just about even overall (M3 aside).

I always went with £250 excess as I figured the claim to savings ratio was worth the gamble. I'd probably make the same choice again if/when I buy another BMW...
 
My 2015 428i F36 is now 16 months in my care and has been completely faultless and needed for nothing other than servicing. I’m still in two minds about taking the warranty soon as I never bothered when I bought it, although I hummed and hawed and agonised about it for weeks after buying it. Given that it has been faultless this obviously means it’s about to all go catastrophically wrong soon. I may reconsider in the new year.
 
Rotty said:
Always had extended warranties on other cars (Jags etc) just never had any real trouble with any BMWs I've owned
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It’s a tricky one isn’t it - something big could easily go, and being a BMW, you can expect the costs to be reasonably large. Especially on a 6 series, since it typically has a lot of decent standard equipment


Maybe a £100 excess is a good middle ground?


It’s almost worth it for the peace of mind that no matter what, you can have your car repaired.
 
MrRockliffe said:
It’s a tricky one isn’t it - something big could easily go, and being a BMW, you can expect the costs to be reasonably large. Especially on a 6 series, since it typically has a lot of decent standard equipment


Maybe a £100 excess is a good middle ground?


It’s almost worth it for the peace of mind that no matter what, you can have your car repaired.
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That's along lines of my thinking too
 
G15 warranty with £100 excess and roadside is £2644 a year. Absolute lol money.
I think I will be trying to get some kind of end of warranty inspection and then put some money aside each year.
 
Got a 2018 x2 M

would definitely recommend the warranty, was skeptical at first but decided to purchase the extended warranty due the obscene amount of money I had paid for the car.

£660 P/A with 100 excess. drive approx 8k a year and car has only covered 26k miles.

lesson learned, 30 days outside of the AUC warranty my gearbox failed catastrophically, car had only done 23k miles at this point.

All covered by the extended warranty but invoice price for supply and fit new gearbox was in the region of 13k
 
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