discussion Extended Warranty

Salt

///Member
Hey all,

Below is the table I've created for the options on extended warranty. I did look at one or two others but they didn't fill the bill.

Please let me know your thoughts. I think for the most part, what you pay is what you get, except the offer from BMW (albeit also external) is better than M Sure for less money.

Engine Room is Motorite.

Warranty.png
 

modocrat

Well-known member
I purchased the PinnAfrica extended warranty on both my F30s and F25 through BMW Supertech. This was done just before the plan was expiring so most of the components had unlimited cover as the vehicles were less than 5 years old. The cost was around R14k for 2 years, with unlimited mileage.
 

AudiDriver

Active member
This is a very subjective topic and depends on car model, odometer reading, past use, kilometres drivern per annum.

For example I let me motorplan on M2 Comp expire because I couldn't justify the cost of extended motorplan / warranty on a car that is driven less than 4000km per year with most wear items looking like they would outlast the motorplan. If my use was 15 000 km per year the balance might have shifted.

The cost if very similar for a 2 year plan though. It will hardly make a difference to your cashflow when you look back 3 months from now...


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I agree with Audi driver. Granted my car is not in the same league as your M140i or his M2C. I also do not do enough mileage to justify a after market warranty. I did go all out on preventative maintenance and regular maintenance items is done religiously.

Granted I do have excess to a reliable, trustworthy master technician who also happens to be my cousin/best friend. So I have enough guidance and help to look after the bigger stuff should anything go wrong. For smaller stuff I will be told "you know what to do, there is the tools so do it"
 

modocrat

Well-known member
I agree with Audi driver. Granted my car is not in the same league as your M140i or his M2C. I also do not do enough mileage to justify a after market warranty. I did go all out on preventative maintenance and regular maintenance items is done religiously.

Granted I do have excess to a reliable, trustworthy master technician who also happens to be my cousin/best friend. So I have enough guidance and help to look after the bigger stuff should anything go wrong. For smaller stuff I will be told "you know what to do, there is the tools so do it"
You're agreeing with an Audi driver? 😜
 

Salt

///Member
This is a very subjective topic and depends on car model, odometer reading, past use, kilometres drivern per annum.

For example I let me motorplan on M2 Comp expire because I couldn't justify the cost of extended motorplan / warranty on a car that is driven less than 4000km per year with most wear items looking like they would outlast the motorplan. If my use was 15 000 km per year the balance might have shifted.

The cost if very similar for a 2 year plan though. It will hardly make a difference to your cashflow when you look back 3 months from now...


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Pity I cannot edit the original post - but I should have mentioned - car is on 80k km, I do +- 15k km per year. Those costs are for a 2 year plan, unlimited kms.
 

MR_Y

Well-known member
You do healthy mileage and I assume you follow preventative maintenance guidelines and perform frequent oil changes, etc.

To me, none of the options offer sufficient Rand cover for a performance vehicle.

I say don't go for any option. Just save a little bit.

I think for a car that does healthy mileage, not a garage queen, it is more likely that components will give signs of imminent failure before they fail, at least in general . In which case, you will likely fix the issue BEFORE it fails. The warranty will not cover you for proactive maintenance.

However, if there are reports of M140i cars' major components just failing without warning, then I would advise on the warranty.
 
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Eust

Well-known member
Peace of mind for R16k from BMW.
No brainer. One decent size claim in 2 years and it's paid itself off.
Anyone that has a middle/high performance car with no warranty, living on hopes. Personally, to mitigate a large part of the risk for 2 years, for min money, easy decision.
 

Red Line

Member
Pity I cannot edit the original post - but I should have mentioned - car is on 80k km, I do +- 15k km per year. Those costs are for a 2 year plan, unlimited kms.
What is the age of the vehicle? And what is the BMW option because I see limits on claims so cannot be full peace of mind!
 

Salt

///Member
What is the age of the vehicle? And what is the BMW option because I see limits on claims so cannot be full peace of mind!
2018 model so almost 6 years, thus it doesn't qualify for the unlimited cover options.

If I took this in to account last year when I extended the motorplan, I would rather have taken the extended 2 warranty with unlimited cover then for the same or less money and added the 3 services plan on to that.

No use in crying over spoilt milk. I recon I'll take a warranty and add the 3 year service plan from BMW that includes major services as well. That way brakes and tyres will be for my account. Brakes were done recently under plan.

I can either put R50k away for in case, or pay R15k and be covered for R50k on multiple occasions.

Appreciate all the feedback.
 

MR_Y

Well-known member
2018 model so almost 6 years, thus it doesn't qualify for the unlimited cover options.

If I took this in to account last year when I extended the motorplan, I would rather have taken the extended 2 warranty with unlimited cover then for the same or less money and added the 3 services plan on to that.

No use in crying over spoilt milk. I recon I'll take a warranty and add the 3 year service plan from BMW that includes major services as well. That way brakes and tyres will be for my account. Brakes were done recently under plan.

I can either put R50k away for in case, or pay R15k and be covered for R50k on multiple occasions.

Appreciate all the feedback.
On the warranty you choose, is a claim event defined as "complete failure" of a component or is there a caveat on "deterioration" (partial failure)?
 

Teezoh

Well-known member
Belinda from Motorite - zero 8 three 3 four 6 four 8 seven 8

Give her a call, it's a direct link and she works with the claims etc, she helped me recently getting my warranty paid back in full with zero drama but that's not why I'm sharing her number.

FIY..I'm also not just handing out personal numbers, I asked her if I could share it with the members here since she explained every single detail around coverage and claims etc. She goes out of her way to assist.

The biggest problem with warranties 90% of the time is that people don't understand what they actually cover and a lot of people have a misconception about "your car must be stock". My car as an example, passed the inspection on all my upgrades done by the dealer; AC Schnitzer suspension, M Performance exhaust, 763M 19ā€ rims. Upgrades that raised red flags but would not prevent me from claiming if I had "original parts to be fitted when needed" like; BMS intake, charge pipe and downpipe. Software-wise, should you have MHD etc or a decent tuner who does all your work (Xcede), they all have options of stock maps when you need it. None of the above will prevent a claim from going through, none.

When you take your car in for a claim because something specific malfunctioned, that is the section they will be looking at, for example, if the problem lies in your motor bay; your suspension, wheels or exhaust, even if not done by the dealer, will not be looked at and will not prevent a claim because that's not where the problem is.

Common problems, N55 as an example with their tappet covers and iffy diaphragms, are not covered even though an insane amount of claims happen on parts like this.

Once you know what common problems your car has and you know what a warranty actually covers you can weigh your options.

Personally, I've reached a point where I just say fck the warranties. I'm doing all my maintenance stuff and looking after the car anyway so I might as well give back to myself and the car by doing performance and drivetrain upgrades to unlock the full potential of the car.

For you on the other hand, you've been searching high and low for this, give Belinda a call, tell her everything you have and everything you plan on doing with your car (even performance mods) and she will guide and assist you on it all. Have a list ready with common problems on your b58 and f20 chassis between the milage you're on now and the milage you would reach after 2 years and work through that list with her to verify what is covered and what is not.
 

Red Line

Member
To be safe u need a warranty and some cash saved away because most of these warranties only pay in the event something breaks, not when something is about to, and that generally costs more than their cover since it often happens that things dont break in isolation.
 

Sibonelo

Active member
my 2 cents. I have a m2c which is going out of warranty later in the year. car is garage queen and I have done 4000km in a year. its a 2019 sitting on 36k km. the only reason I'm considering paying bmw 26k is for resale value. what I have noticed is that when/if you sell and you still have warranty from bmw you get better value.. taking the car to tune tech ( before service that will be under warranty) to give it a proper shake down so I can try push as many claims if I decide to not renew bmw warranty
 

TurboLlew

Honorary ///Member
Peace of mind for R16k from BMW.
No brainer. One decent size claim in 2 years and it's paid itself off.
Anyone that has a middle/high performance car with no warranty, living on hopes. Personally, to mitigate a large part of the risk for 2 years, for min money, easy decision.

I agree on the option, but have a slightly different view on the approach: You can't have a car like this and have hopes and dreams and neither can you seek 'peace of mind' behind a warranty. If you have a mid/high performance car you need to be all-in on preventative maintenance and be in tune with what the car is telling you whether you take the warranty or not. Preventative work is not something that ANY warranty pays for (and even during motorplan you have to pay for in-between oil changes). Something has to break before anything happens. It is not in my DNA to allow something to break and cause even more damage when I can see it coming. It isn't that a catastrophe won't ever occur even if you have followed a rigorous maintenance schedule but the costs when something does go wrong are dramatically lower if you take a proactive approach... and at that point the maximum coverage won't matter as much between the options since you won't really get to those worst-case repair costs.

You cannot have an ostrich approach to problems and spending 20-30K can genuinely save you 200K+. I feel like a warranty gives many a false sense of security around this. I think it's fine if it is added protection if you want it or you have not yet amassed a good enough buffer. The point is that all this can lead to a situation where something breaks and you are thanking your lucky stars and praising the warranty company for 'mitigating' your 200K engine rebuild/replacement bill into a R90K bill... you're still out 90K+22K... but you think "well shit, at least it's not R200K. Maybe these are extreme numbers (in the case of M cars not extreme enough) but you get the idea.
 

Salt

///Member
Yip, I recon spending R15k for the warranty for R50k cover ( shortfall if any) is better than no warranty and R50k + shortfall if any.

On the topic of preventative maintenance on the B58...car is on 80k km now. Up to now I've only done scheduled services. My plan is to add the in between oil services going forward plus a ZF service and diff oil change now when it comes out of plan in Aug (I don't think the extended warranty company will mind the gearbox and diff service). Anything else preventative guys?

Another topic, car will go in for a few items while under plan still. Anything else you guys can recommend I can ask them to check?
My list:
Right rear door lock (faulty)
Door rubber creeks
Bushings and mountings
Coolant system
Shocks
 
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