Wow, I got my maintenance plan mid last year and also 2013. Valid for 3 years and 7 claims. Maybe they changed the policy now. But your Prosche is in a different league so maybe thats why they aren't keen.
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Read the WELCOME ALL BMWFANATICS post.
Aftermarket Warranty Suggestions
- Thread starter Nishcat_M140i
- Start date
I listed for one car. Their warranties cover mechanical parts only. The maintenance plan covers Battery, Brakes, Electrics, Wipers etc. Anything that wears off with time. The 2 are mutually exclusive so you don't need one to have the other. Some of the things paid for off the top of my head are Radiator and consumables, Pads and Discs, Catalytic converter (They didn't cover the full amount obviously as new CATS are quite expensive so replaced with a Downpipe), Valve cover and the gasket, new battery (today actually) with coding, and 2 services. I think this was most of it.So there is a maintenance plan for R500/month, service plan and two warranty covers (of R10500 and R7000) on one car or do you mean each of your cars? What is the purpose of the warranties if there is a maintenance plan and are they dependent on you having the maintenance plan as well? Are all these with innovation group? What are the exact products?
Would love to know more detail on what they have paid for in the R65K (and on what car).
As long as you're getting your money's worth that all that matters - but I have never been offered or come across something like you are describing for a relatively new car let alone an ancient car. I genuinely want to know because my F90 only has plan until April next year. If someone is willing to fork out like this for those kinds of values on OEM parts and at any dealer, I am keen to look into it. It might even get me to want to deal with inspectors and filling in forms if accurate
It is weird as I have been offered from 3 different companies aftermarket warranties despite telling them it is a 2013 BMW lol.
Let me know what you find. Hell at 500 bucks a month having it on the Mini is a no-brainer.So there is a maintenance plan for R500/month, service plan and two warranty covers (of R10500 and R7000) on one car or do you mean each of your cars? What is the purpose of the warranties if there is a maintenance plan and are they dependent on you having the maintenance plan as well? Are all these with innovation group? What are the exact products?
Would love to know more detail on what they have paid for in the R65K (and on what car).
As long as you're getting your money's worth that all that matters - but I have never been offered or come across something like you are describing for a relatively new car let alone an ancient car. I genuinely want to know because my F90 only has plan until April next year. If someone is willing to fork out like this for those kinds of values on OEM parts and at any dealer, I am keen to look into it. It might even get me to want to deal with inspectors and filling in forms if accurate
Madejagsie
Member
Maybe they decided after the great deal they gave you that the offer was not to be repeated 🤣
MOE 000 GP
Active member
I have innovation on all my vehicles never had an issue with them ..I just claimed my vvt through them done at bmw and never had any problems
General.Massacre
///Member
So i went through this exercise yesterday.
1st port of call, i called BMW Financial Services directly and enquired about a Maintenance Plan, the cost for the M6 is R87 000, and is for 3yrs/100 000km.
This covers the following for claiming during the 3 years:
Oil Changes x 3
Spark Plugs x 1
Pollen Filters x 3 (Done with every oil change)
Windscreen Wipers x 2 i believe
Front and Rear discs x 1
Front and Rear pads x 2
If i work that out, according to the My Vehicle Dashboard, the above comes out to a grand total of R105 000 spent over 3years if down without the maintenance plan. so a saving of around R20 000 if buying the plan, maybe slightly more if discounted as they usually do.
I called Innovation, actually they called me back after trying to get someone to call me after 5 attempts. and as above, Sherwin Pillay was the consultant, very arrogant. but anyways, after getting the details of the M6, he said due to the age of the car, the best plan they can provide is a monthly premium of R495pm.
This allows me coverage of:
Engine - up to R20 000
Gearbox - up to R15 000
Cooling system - up to R12 000
and on and on and on, you get the drift.
I stopped him after he spoke about cooling system, and told him flat out that this is for a BMW M6, not a Hyundai Atos, and that a set of Spark Plugs and Coils alone amount to more than the R20 000 limit. and i let him know that there is no way thats worth while. I did ask the terms of the claims, and again, it is subject to catastrophic failure.
So as with any aftermarket warranty out there, they all sh!t, unless you have a good connection at a workshop that can wangle the system for you, or, your car is well within the age requirements to get a semi decent plan, there is no way that it will cover the costs needed for repair. that R20 000 wouldn't even cover the engine of a Hyundai Atos either. All it is, is a false sense of security, and not a single person can sway me otherwise.
1st port of call, i called BMW Financial Services directly and enquired about a Maintenance Plan, the cost for the M6 is R87 000, and is for 3yrs/100 000km.
This covers the following for claiming during the 3 years:
Oil Changes x 3
Spark Plugs x 1
Pollen Filters x 3 (Done with every oil change)
Windscreen Wipers x 2 i believe
Front and Rear discs x 1
Front and Rear pads x 2
If i work that out, according to the My Vehicle Dashboard, the above comes out to a grand total of R105 000 spent over 3years if down without the maintenance plan. so a saving of around R20 000 if buying the plan, maybe slightly more if discounted as they usually do.
I called Innovation, actually they called me back after trying to get someone to call me after 5 attempts. and as above, Sherwin Pillay was the consultant, very arrogant. but anyways, after getting the details of the M6, he said due to the age of the car, the best plan they can provide is a monthly premium of R495pm.
This allows me coverage of:
Engine - up to R20 000
Gearbox - up to R15 000
Cooling system - up to R12 000
and on and on and on, you get the drift.
I stopped him after he spoke about cooling system, and told him flat out that this is for a BMW M6, not a Hyundai Atos, and that a set of Spark Plugs and Coils alone amount to more than the R20 000 limit. and i let him know that there is no way thats worth while. I did ask the terms of the claims, and again, it is subject to catastrophic failure.
So as with any aftermarket warranty out there, they all sh!t, unless you have a good connection at a workshop that can wangle the system for you, or, your car is well within the age requirements to get a semi decent plan, there is no way that it will cover the costs needed for repair. that R20 000 wouldn't even cover the engine of a Hyundai Atos either. All it is, is a false sense of security, and not a single person can sway me otherwise.
MR_Y
Well-known member
VinceM
Well-known member
Agreed gearbox refurb is R60k plus ….that R15k not helping much, in fact will add more frustration and stress with the “to and fro” and arguing with them come claiming time.
In my younger days I used to take these warranties…it was a strange thing, nothing would go wrong in that 2 years period, they basically took my money and I got no benefit.
General.Massacre
///Member
Well this is exactly the point, thats what they rely on in mind.
These aftermarket Warranties are aimed at the ill-informed and paranoid (No offense to the guys that do have it lol), as they worry about the "IF something goes wrong, who pays for it" scenario.
I know we all say, "ah ill just put that money away in a maintenance account for if stuff happens", i mean ive said that to myself plenty times, and we just dont do it.
But the reality is, unless your dealership has the plans or warranties available (Audi is the best by far in terms of length of plan), then try your best to stay away from an aftermarket warranty, they not designed in your favour. Its like a gym membership. Virgin Active doesn't make money off of their members going to the gym, they make money off the thousands of members that DONT use their facilities.
TurboLlew
Honorary ///Member
The BMW plan sounds like a good idea especially if you know brakes will be done based on your mileage over 3 years especially in terms of keeping the parts prices 'predictable'. It has been crazy seeing how these have been fluctuating (or rather just plain increasing) over time.
The plans @Pisancho has no longer seem to exist, if they ever did as-described. If they do still exist somewhere, they don't apply to anything that isn't a very basic car. Either that or there are creative ways they are reporting the repairs as catastrophic or splitting them up, in which case you have to find an Xflo and hope that the status quo continues. I also got the limits per claim, having to claim one at a time and then not being able to claim again within a time period script. I don't think the average person is getting the same kind of experience described - or they have rephrased this so new contracts/options offered (at least to Porsche/M owners it seems) avoid the abuse or creativity around this.
I still think if you make a decision in year 4 month 11 of owning your car that the Motorite option is the way to go (the one Karsh mentions) if this is the sort of route you'd like to follow. Other than that the options basically become nonsensical. For me (what I have done for the last few cars anyway) extending manufacturer's plan is the way to go.
I don't doubt innovation group pays BTW and I don't doubt that it is working for some people. Like I say, as long as you are getting the value out of it that's great. I do think the experience will change when you claim for the second time in a year on the same system or you run into one of those limit issues.
TurboLlew
Honorary ///Member
This right here👆
Just the thought of having to deal with inspectors and forms and part-approvals/repudiations/general fighting with people who know objectively less about cars than you do is painful. Even if the workshop is dealing with it, this is time, energy and anxiety wasted that you shouldn't have to worry about.
But then again, discipline is just not a thing and neither is personal accoutability. The world largely operates in child-mode where some other person or 'parent' must be responsible and companies prey on this, together with people generally believing the world 'happens to them' rather than being in control. Plenty of guys YOLOing it. I guess its also just like the gym memberships, vitality etc. There is this this theoretical scenario where people get max benefit and do the things they say they will do but reality is that almost nobody gets their maximum ebucks or vitality points or saves all that money in their 'InVeStMeNtS' that they used as the excuse for having a 30% residual and zero deposit on their cars.
They like the idea that it is possible and there is some saviour or opportunity somewhere. You could gym at home (actually build a home gym) and have self-discipline but people want to be told or report to someone inherently. I even experience it in my own house. I have had to turn around the car cos my wife forgot her smart watch... or had situations where we have had a very busy day and then still had to go walking/running so 'the watch' knows
. If it isn't recorded and reported it doesn't happen - I am unfortunately the polar opposite of this kind of mindset.I agree with Turbollew and General. But even if they don't fully cover the entire cost of the repair (Radiator for me was 12k payout but labour was an additional 3k which I paid on my own) you can't deny that the 12k paid out was not worth it. Driving a German car means something will break sooner or later and in a year I saved myself 65k in repairs. Would I do it again? 100% but that's just me. I will more than willingly fight the warranty company and have back and forths if I need to. Money saved is money saved lol.
And yes having a repair shop like XFLOW deal with innovation helps. As I mentioned, Olivia who works with Alister there is constantly fighting with them to get approvals and she has succeded all the time so far. They have lots of vehicles with innovation warranties that they service and repair (Dealers like Webuycars sell the cars with Innovation warranty). JSN BMW Bryanston did my radiator and they still sent inpectors and wanted to wiggle out of paying but they still paid after I called them a couple of times (Hence why I only send to Xflow now, Olivia does the fighting whereas at BMW i had to be calling them).
Like my battery yesterday, she phoned them about 4 times before the approval was given. They wanted evidence, then the price from BMW etc. They are contractually obligated to payout. If my battery is screwed its screwed. They can send a 100 inspectors and it doesn't matter. They must pay. I will fight when needed to get them to pay but in the last 6 claims or so they paid each time. Getting more than double the return on what the warranty cost is well worth it. Again if you have a BMW with less than 80k km you probably won't get much out of it. Mine at 110k has a lot of things that needed replacing due to age and the aftermarket warranty helped a lot with that. I seem to do about 25k km a year so with about 13 months left on the warranty i can guarantee you that I will be claiming more again when other things break.
And yes having a repair shop like XFLOW deal with innovation helps. As I mentioned, Olivia who works with Alister there is constantly fighting with them to get approvals and she has succeded all the time so far. They have lots of vehicles with innovation warranties that they service and repair (Dealers like Webuycars sell the cars with Innovation warranty). JSN BMW Bryanston did my radiator and they still sent inpectors and wanted to wiggle out of paying but they still paid after I called them a couple of times (Hence why I only send to Xflow now, Olivia does the fighting whereas at BMW i had to be calling them).
Like my battery yesterday, she phoned them about 4 times before the approval was given. They wanted evidence, then the price from BMW etc. They are contractually obligated to payout. If my battery is screwed its screwed. They can send a 100 inspectors and it doesn't matter. They must pay. I will fight when needed to get them to pay but in the last 6 claims or so they paid each time. Getting more than double the return on what the warranty cost is well worth it. Again if you have a BMW with less than 80k km you probably won't get much out of it. Mine at 110k has a lot of things that needed replacing due to age and the aftermarket warranty helped a lot with that. I seem to do about 25k km a year so with about 13 months left on the warranty i can guarantee you that I will be claiming more again when other things break.
640i. They regard it as a luxury sedan than a performance car. Try King price. One mate has a RS3 2019 and another has a M2 comp 2018 and they are paying under 300 rand a month. Seems innovation doesn't like performance cars. But I would check the small print on Kingprice to make sure there is no funnies hidden there.
Twincam Shark
Member
i Heard lots of guys are using Guardrisk and they pay out with no issues.
I am also in the same boat as my f30 330d is on 160 000km , no issues and i service at 8-9km at Bmw Liquid Gold oil plan
I am also in the same boat as my f30 330d is on 160 000km , no issues and i service at 8-9km at Bmw Liquid Gold oil plan
Have you had a look on the BMW website, they offer aftermarket warranties as well which are underwritten by Guardrisk. they seem to offer decent coverage on components under the prestige plan but no prices are stated. Whats your current mileage?
Nishcat_M140i
///Member
I’m currently on 122k,
Cool, im expecting a quote from SMG this week and ill share it online
