2011 135i?

[zx3psyko]

Originally Posted by tock172

I'm all for the warranty. Exercise due diligence, and find a service agreement with a contract you consider appealing for a good price. It's extremely difficult if you already own the car, but very easy when you're buying.

I wrote an article about this at the link below. Most people will try to talk you out of one of these warranties because they don't understand how they work and haven't done the necessary research. I have: https://bimmerlife.com/2018/01/29/af...nty-may-worth/

Great article! How/why is it more difficult if I already own the car vs pre-purchase?

[Matticus91]

zx3psyko my warranty is through Warranty Solutions with Amtrust now, previously Wells Fargo. Been very happy with it

[Gangplank]

Originally Posted by Matticus91

zx3psyko my warranty is through Warranty Solutions with Amtrust now, previously Wells Fargo. Been very happy with it

Wells Fargo :

[Matticus91]

Originally Posted by Gangplank

Wells Fargo :

As I said, now Amtrust, previously WF haha. But they were great even when it was WF, they paid my transmission replacement 100%.

[tock172]

Originally Posted by zx3psyko

Great article! How/why is it more difficult if I already own the car vs pre-purchase?

Thank you very much.

In terms of the difficulty in purchasing a third party warranty after you already own the car, I think it relates to the service contracts in question being more of a financial product than anything else. They're commonly rolled into an auto loan when an individual buys a used or new car and wants extended or more in-depth protection. In my experience, none of the companies that offer these warranties actually sell directly to consumers. You need to go through a credit union or dealership, ideally during the vehicle purchase process. I got lucky with my second one by finding a dealership that would agree to sell me one on a car I already owned. They also tend to cost less and can be negotiated to a greater degree when it's part of the car buying process.

It wasn't cheap and I haven't even used the second one for my DCT 135i yet, but for the reasons outlined in the article, I sleep soundly.

[Happy Jose]

As PT Barnum said, "A sucker is born every minute!"

When cars go past 100K miles, they enter the twilight zone. The potential buyers for these rides are guys like these:

https://www.youtube.com/channel/UCdE...kx_4PnMZ10MVFA

Are far as repairs go, the kind of stuff that goes wrong at extreme mileage will blow not only your mind but wallet. Are you so poor you can't find a car with reasonable mileage? Also your concern over warranties clearly indicates you are paranoid over your miserable $11K purchase! In fact, buying a warranty on a car with this kind of mileage is ridiculous. I don't believe any company is stupid enough to sell you one!

As far as what's a fair price, it doesn't exist. You could pay $5 for it and have $10K of repairs. You may not believe it, but it isn't unusual to buy high mileage cars like this for just a couple thousand dollars. Why? Because only guys like Hoovie want them:

[________]

Originally Posted by Happy Jose

As PT Barnum said, "A sucker is born every minute!"

When cars go past 100K miles, they enter the twilight zone. The potential buyers for these rides are guys like these:

https://www.youtube.com/channel/UCdE...kx_4PnMZ10MVFA

Are far as repairs go, the kind of stuff that goes wrong at extreme mileage will blow not only your mind but wallet. Are you so poor you can't find a car with reasonable mileage? Also your concern over warranties clearly indicates you are paranoid over your miserable $11K purchase! In fact, buying a warranty on a car with this kind of mileage is ridiculous. I don't believe any company is stupid enough to sell you one!

As far as what's a fair price, it doesn't exist. You could pay $5 for it and have $10K of repairs. You may not believe it, but it isn't unusual to buy high mileage cars like this for just a couple thousand dollars. Why? Because only guys like Hoovie want them:

So I've lived long enough to see 1addicts become e90post...

[ejm3]

Out of curiosity, how much is the serpentine belt assuming I can't do it myself?

[Captain Blood]

Originally Posted by zx3psyko

Thanks! Yeah, the pump and thermostat were replaced at 60k. The others sound like easy DIY'ers. As far as the extended warranty, I've been looking around for a few days and the information is not very clear. Most of them are warranties up to 100k - which doesn't help me if I buy it at 96-98k. I've found websites like Endurance, but they don't mention readily anywhere if they will do over 100k miles. They only have a "fill in your info here so we can call you daily for the next year!" section.

Do these warranties ever actually come in useful after 100k? Wouldn't they be pretty well geared towards avoiding any actual payouts?


EDIT: I called the top two - Endurance and Carchex, and got quotes on their warranties - which cover "anything that touches oil" in the engine, the transmission, electrical system, luxury electrical, and the turbo. I'm not sure I'll go with either of them, considering that I'm only going to be doing 4-5k miles/year, but I'm still thinking. Here are my notes from them, in case anyone else was thinking of getting a warranty:

Endurance Select Premier
5 years/75000 miles
$50 transfer fee
18 monthly payments - $200 (190 first month) - $3789 or 36 months @ $99
Turbo covered, transmission, drive axle assembly, ac/heat, electrical (starter, ignition, alternator), cooling system, electrical, luxury electrical
Not covered: clutch, clutch assembly
- 60 days/1000 miles before first claim


Carchex Silver
3 year / 36,000
$245/month for 18 months or 183/month for 24 months - $4412
$100 deductible
Turbo covered, transmission, drive axle assembly, ac/heat, electrical (starter, ignition, alternator), cooling system, electrical, luxury electrical
Not covered: clutch, clutch assembly
- OEM or greater quality parts
- 30 days/1000 miles before first claim

Those quotes will take you to 173K/134K miles?

I may look into that. I was going to sell my 135 next month, but maybe I can keep it for an additional year if I buy that.

[JimVonBaden]

Originally Posted by OnerDriver

So I've lived long enough to see 1addicts become e90post...

Nah, just Unhappy Jose being his usual Debbie Downer self. Ignore the fool!

[Happy Jose]

Originally Posted by OnerDriver

So I've lived long enough to see 1addicts become e90post...

A rose by any other name is still a rose!

[zx3psyko]

Originally Posted by Real Dodger

Those quotes will take you to 173K/134K miles?

I may look into that. I was going to sell my 135 next month, but maybe I can keep it for an additional year if I buy that.

Yup, and it actually gets better. The two main companies I'm looking at - Endurance and Carchex - actually let me bargain. Carchex started at $4400 for 3/36k, but dropped it to $3687 for 5/75k after I asked them to price-match Endurance.
Carchex however will not let me do my own maintenance (oil changes, brakes, etc). They say I need to show them receipts of all recommended maintenance performed by a reputable shop or they won't cover any warranty repairs. BS, but I understand. Endurance says I can do my own maintenance, as long as I keep the receipts for the parts (oil, filter, pads, etc) to show I did in fact at least do the maintenance.
I'm thinking now though that I may try to get Endurance to price-match or price beat Carchex. If so, I'll be saving quite a bit. Once I pull the trigger on one of these, I'll post what I got and at what price, since I'm thinking the generation of buyers coming into this forum are people now seeing 100k+ cars.

[zx3psyko]

Originally Posted by Happy Jose

As PT Barnum said, "A sucker is born every minute!"

When cars go past 100K miles, they enter the twilight zone. The potential buyers for these rides are guys like these:

https://www.youtube.com/channel/UCdE...kx_4PnMZ10MVFA

Are far as repairs go, the kind of stuff that goes wrong at extreme mileage will blow not only your mind but wallet. Are you so poor you can't find a car with reasonable mileage? Also your concern over warranties clearly indicates you are paranoid over your miserable $11K purchase! In fact, buying a warranty on a car with this kind of mileage is ridiculous. I don't believe any company is stupid enough to sell you one!

As far as what's a fair price, it doesn't exist. You could pay $5 for it and have $10K of repairs. You may not believe it, but it isn't unusual to buy high mileage cars like this for just a couple thousand dollars. Why? Because only guys like Hoovie want them:

- Well, I wouldn't say being financially responsible is being "paranoid." As I said, I'm not a heavy driver, so at most I might put 30k miles on this car over the next 5-6 years. If I'm very unlucky, there might be two major repairs in this time, and then a $3500-4000 warranty has paid for itself. If I'm lucky, nothing will happen, and I'll either sell the car with the warranty (a major bonus for a buyer) or the warranty company will pro-rate and return some of my money.

In any case, the KBB value of the car is anywhere from 12-14k (county is valuing it at 14,500 for the ad-valorem/registration tax). I'm paying 10,500 for it (friend dropped another 500), plus maybe 3500 for the warranty. I could likely sell the car in three or four years for 9-10k if the miles aren't piled on and I maintain it well and have the warranty on it still. Especially with the increasing difficulty of finding great BMWs with 6-speeds. I can't be the only one who loves a 6MT and would not mind the mileage for the sheer joy of driving it. I think the 1s are set to become a sought-after car now that the 3-series will no longer have manual transmissions in the U.S.

(http://www.thedrive.com/news/23967/b...l-transmission)

As to being "too poor" to find a car with reasonable mileage - it's not about finding a car with decent mileage. My current Mazda3 has only 65k miles and my Murano has 19k. But I've dreamt of having a 6-speed BMW since I was a teenager. I was going to wait for my wife to finish grad school and just get a new or barely used M2 or other 2-series, but hey, if I can have a great car in the meantime, why not? And maybe I'll love it enough to just keep it for ten years or more, and again, at 4-6k miles per year, I'm not in danger of hitting 150k anytime soon. Previously I've sold my cars when they get over 5 years old, but none of them were cars I really wanted, just commuter cars.

My last car was a Fusion that took me from 56k to 140k without a single problem. From what I've heard, BMWs are just more expensive on parts when you need them, and labor if you're not willing to do the simple, regular maintenance yourself, and they'll punish you if you don't do the maintenance, but they're not unreliable or prone to poor quality construction

[Gangplank]

Look into the Route66 warranty. You can do your own maintenance. I've had good experience with it so far.