rball Posted April 26, 2006 Report Share Posted April 26, 2006 Hi All, I am about to purchase my first M3 (well excited!!!) this week and am wondering about getting the warrenty extended. The car is 2002 with 35000 miles on it. I'm buying it from BMW as an AUC with a 1 year warrenty included. Does anyone know how much the warrenty is a year and is it worth it? Any known problems? Link to comment Share on other sites More sharing options...
gizze Posted April 26, 2006 Report Share Posted April 26, 2006 The warranty has gone up to £1000 if the car is under 60k miles or £1800 if over 60k miles. Alot of people are now using warranty direct. Link to comment Share on other sites More sharing options...
rball Posted April 26, 2006 Author Report Share Posted April 26, 2006 warranty direct? Link to comment Share on other sites More sharing options...
RossG Posted April 26, 2006 Report Share Posted April 26, 2006 I know my car isn't an M3 - but I have just chosen Warranty Direct over the official VW alternative for my R32. They ahve a £5k claim limit each year (£1k for VW!!), cover damage caused by non insured parts, and have been a pleasure to deal with. Any work will be carried out at my local franchised VW dealer too. All for £360 for a year, and it is flexible cover that I can cancel in an instant if I choose to sell the car. I would have a chat with them and see what they can do. Link to comment Share on other sites More sharing options...
rball Posted April 26, 2006 Author Report Share Posted April 26, 2006 Didn't even know a company such as that existed! Tremendous advice! will definately look at them when my BMW warranty is up! Link to comment Share on other sites More sharing options...
gizze Posted April 26, 2006 Report Share Posted April 26, 2006 Ring warranty direct and get a quote, tell them you will think about it, they will call you back withing 48 hours and bring the quote down. A few of the guys with 330d's have held out and got it down from just over £350 to around £260 for the gold cover. Link to comment Share on other sites More sharing options...
Gareth Posted April 26, 2006 Report Share Posted April 26, 2006 [ QUOTE ] warranty direct? [/ QUOTE ] A new S54 engine is over £10k...a gearbox is £6.5k....better to stick with BMW if you want to be 100% covered Link to comment Share on other sites More sharing options...
kuks Posted April 27, 2006 Report Share Posted April 27, 2006 Totally Agree I do not trust these 3rd party warranty's - especially when you look at the massive bills one can face with an M3 thats gone tits up! I think they will use every clause to wriggle out of such a large claim, if it came about. My advice - if you are going for a 3rd party warranty, read all the small print very carefully. Link to comment Share on other sites More sharing options...
kuks Posted April 27, 2006 Report Share Posted April 27, 2006 ....but to be 100% sure go for BMW warranty Link to comment Share on other sites More sharing options...
gizze Posted April 28, 2006 Report Share Posted April 28, 2006 Well a few of the guys have used warranty direct, there is an option to pay another £20 and only use BMW main dealers for repairs. A few of the guys have used them and claimed and they have been great. One of the BMW techs said that the calim approved by warranty direct would have been a nightmare if he had been with BMW. I would never have used a 3rd party warranty, but these guys sound pretty good, so don't write them off too quickly. The BMW extended warranty is getting silly imho, massive excess' and too high a premium. Link to comment Share on other sites More sharing options...
Gareth Posted April 28, 2006 Report Share Posted April 28, 2006 But the capped nature of 3rd party warranties limits their appeal for a car that was £40-60k 3/4 years....when it goes bang in a big way (IF you are unlucky of course) it's going to be in excess of the 3k limit most have. Buyer beware as ever Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now