After Market Warranty

Mercdriver

Iceweasel wrote: »

The BMW warranty is the only one worth having for a BMW.

Lots of options as to what to cover.

If you pay monthly although a tad more expensive initially over the annual payment - it stays at the same premium as the years roll by i.e. they do NOT increase the premium (although there is no cast iron guarantee of that)

I had the full coverage including the breakdown service - it's 2nd to none. The whole warranty is valid Europe wide so you can forget about the AA, RAC or even the ADAC. Any BMW dealer can handle any repairs needed and there are no bills for you to claim back like with some other warranty companies.

If you have full BMW service history, and the mileage is under 100K at the start, you are in for good - no matter how high the mileage mounts up.

If the mileage is under 50K you will get the lowest premium and as I said it doesn't increase.

The price depends on the exact model as well as the mileage at inception - some bigger BMWs with complicated air suspension for example have high premiums.

With an N47 engine the peace of mind a BMW warranty gives is well worth it.

I suggest you ask about warranties on an independent BMW drivers' forum for the members experiences and decide from that.

A good friendly one is:

http://www.bmwlander.co.uk/index.php?forums/

other BMW enthusiast forums are available.

Mercedes have a similar thing for vehicles bought as Used Approved. As long as I keep my servicing up to date and through them, I get full European breakdown including 4 days courtesy car if needed. I locked my keys in the boot, and they sent my spare that day by courier - no charge - from Wales to the Lake District - so they also cover stupidity. Put my keys down in the boot while getting something out, hadn't unlocked the whole car as normal and as I !!!! the boot flash went the lights and my boot was locked. AA/RAC can break into the car if necessary but the boot won't open from inside the car if you don't enter the car by the normal route...

AdrianC

It's very simple. ALL aftermarket warranties are a bet that your car is much less reliable than other, similar cars.

The warranty company takes money in via premiums.
They then pay money out in - sales commission, marketing costs, staffing costs, office costs.
They then pay money out to meet claims.
What's left is their profit.

If that profit wasn't sufficient, they wouldn't be selling those warranties...

Richard53

They always remind me of the Monty Python sketch: Ron Devious and his F.R.A.U.D. Insurance Company with its famous "No Pay" policy.


It's a very profitable business model.