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      06-10-2009, 04:48 AM   #1
mr_z4mc1m_oz
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Is extended warranty worth it?

I'm in a position to get 3 years extended warranty for parts and labour for $1700, do you think its worth getting?
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      06-10-2009, 05:03 AM   #2
Lester
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Any mileage limit? Three years after the original four years, put the car into prime repair territory.
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      06-10-2009, 05:12 AM   #3
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Quote:
Originally Posted by mr_130i_oz View Post
I'm in a position to get 3 years extended warranty for parts and labour for $1700, do you think its worth getting?
Do you mean 3 years on top of the standard 3 years..

If that is what they are offering and you intend to keep the car past the original warranty period, go for it.

BMW normally give you the option after the initial 3 years to extend for a further 12 months for $950.. So $1700 for 3 years is a bargain..
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      06-10-2009, 05:26 AM   #4
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Yeah its an additional 3 years over and above the factory 3 year period.

Good point about the mileage, I'll check with them tomorrow. All I know is that its for parts and labour through Alliance. Its apparently something new they are offering on prestige cars.

I will be keeping the car probably till its around 5-6 years old, unless I win the lotto and buy a 135i...hehe I'm not greedy.
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      06-10-2009, 07:57 AM   #5
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At the risk of being cynical -- look into it in detail. From what you've said, it's unclear whether it's a BMW warranty extension, or a dealer sold 3rd party warranty.

If it's a genuine extension of the BMW warranty, as other have said, it sounds like a bargain.

On the other hand, if it's a dealer offered, 3rd party "warranty", then it's nothing more than an insurance policy, and you need to read the fine print very carefully.

I was caught with such a "policy" once, and I was amazed (and out of pocket) when it came to claiming. Excesses on each claim, predetermined maximums on each repair - eg. $1000 for a completely failed transmission (most of which a BMW would exceed easily, and you carry the difference), requirements to use specific brand lubricants, etc, etc, etc...

I'm not saying it's a bad thing, just suggesting that you make sure you know EXACTLY what you're getting for your money.
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      06-10-2009, 08:26 AM   #6
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Quote:
Originally Posted by bfi2906 View Post
At the risk of being cynical -- look into it in detail. From what you've said, it's unclear whether it's a BMW warranty extension, or a dealer sold 3rd party warranty.

If it's a genuine extension of the BMW warranty, as other have said, it sounds like a bargain.

On the other hand, if it's a dealer offered, 3rd party "warranty", then it's nothing more than an insurance policy, and you need to read the fine print very carefully.

I was caught with such a "policy" once, and I was amazed (and out of pocket) when it came to claiming. Excesses on each claim, predetermined maximums on each repair - eg. $1000 for a completely failed transmission (most of which a BMW would exceed easily, and you carry the difference), requirements to use specific brand lubricants, etc, etc, etc...

I'm not saying it's a bad thing, just suggesting that you make sure you know EXACTLY what you're getting for your money.
+1 on that - if it's the BMW Warranty, definitely worth it as the last 3 years of my e46 had a few big ticket problems that needed to be fixed.

but if it's from allianz.. read the fine print.
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      06-10-2009, 05:01 PM   #7
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Thanks for the advice guys. I was only told about it yesterday so I'll look in to it further today.

Cheers
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      06-10-2009, 06:52 PM   #8
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The warranty is through Allianz, I just checked the fine print and you can claim up to $2000 per claim and take it to the repairer of your choice. Pretty much covers everything except things like tyres, brakes, hoses etc. General wear and tear I guess.

I'm just finding out if there is an excess, limit of claims per year, and if its transferable to someone else should I sell it within the extended 3 year period.

Sounds pretty good.

I'm just selling a 2004 VW R32 which I've had for 2yrs and I know I've spent around $1500 on repairs in that period and the car only has 53,000kms.

Your thoughts?
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      06-10-2009, 07:09 PM   #9
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My advice is good choice of BMW over VW haha j/k.

Yeah repair bill for euro car is huge. Get it if you intend to keep the car over the warranty peroid.
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      06-10-2009, 07:13 PM   #10
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At the end of the original warranty, from my recollection BMW also has an extension available. It would be worth comparing that with this Allianz deal.
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      06-10-2009, 07:18 PM   #11
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Might be worth asking Allianz if you can buy it directly from them at the end of the normal factory warranty period.

Circumstances can change in 3 years - you may not want it.

I guess buying it now you lock in the price, but you may also be paying the dealer margin on it.
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      06-23-2009, 04:32 PM   #12
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Sorry to bring up an old post.

My business partner took up an extended warranty on his new Lexus and he suggested I look at it for the BMW, so I phoned Brisbane and they said they don't offer an extended warranty and haven't done since 2006. The lady I spoke to didn't offer any third party cover either. Does this sound correct with others experience?

I was going to keep my car for probably 4 years.

Thanks
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