Aftermarket Warranty Suggestions

[Nishcat_M140i]

Good Day Everyone

As most of you would know, I have had to replace a few parts on the cooling system of my F30 320i (B48), such as water pump and a few other parts, which has costed me quite a bit. I've given them the go ahead to repair the car which comes out of my own wallet as the car is out of warranty now being a 2018 model.

Having both, this and the M140i both out of warranty, I've realised that I don't want to take the risk and have both not covered should something else go wrong with either car.

I'd prefer to put the F30 on an aftermarket warranty as I would like to do some performance mods on the 140.

I've spoken to Bidvest, Genric Insurance, Budget and Innovation.

So far Budget had the most cover available being unlimited on most components, however also the highest premium at R952pm. But then again I rather pay that than have to fork out exhorbitant amounts out of my own pocket.

I spoke to innovation, however the guy I spoke to didnt want to send me an email of the quote we had discussed until I signed up which is Utter Bullsh*t because everyone else sent me their quotes on email. So I wasnt too convinced on them.

I've heard about motorite, however I couldnt find any way to contact them as there's no website or direct contact number.

Is there anyone else that you guys recommend ?

Thanks in advance

 

[tamgoem]

Hear me on this.

1. The only time i have seen unlimited cover is on fairly new cars still in their original warranty periods. Neither of yours meet that requirement and budget is the king of small print.
2. The more expensive the warranty the more shit should be covered. But again see point 1.
3. Modern cars are biblically reliable if maintained well. Please read the WELL part. No 25k oil change intervals. No gearbox sealed for life nonsense, no don't need to change the coolant stuff. That kinda maintenance will not be "cheap" but certainly cheaper than a new gearbox at 200k or a buggered cooling system etc etc.
4. Make sure what ever workshop you tend to prefer does work with the warranty provider and what is the T&C for that warranty provider.


Me personally, screw it. To much hassle.

 

[General.Massacre]

Hear me on this.

1. The only time i have seen unlimited cover is on fairly new cars still in their original warranty periods. Either of yours meet that requirement and budget is the king of small print.
2. The more expensive the warranty the more shit should be covered. But again see point 1.
3. Modern cars are biblically reliable if maintained well. Please read the WELL part. No 25k oil change intervals. No gearbox sealed for life nonsense, no don't need to change the coolant stuff. That kinda maintenance will not be "cheap" but certainly cheaper than a new gearbox at 200k or a buggered cooling system etc etc.
4. Make sure what ever workshop you tend to prefer does work with the warranty provider and what is the T&C for that warranty provider.


Me personally, screw it. To much hassle.

Im going to agree with this.

With whats been happening with the M6, i contacted a warranty company (Motorite), and spoke to someone pretty clued up and honest.

My goal here was to find out if buying an expensive warranty for the M6 would be worth it.

I gave them the run down on what had happened, why the car initially went in, and what was found during the analysis and investigation. I then asked, with all that, what would be covered, and what would not be covered.

The response was, that nothing i stated, with regards to the initial reason it went in (Camshaft faulty error), and then the subsequent bearing work, would of been covered. I further went on to explain that there was damage on the bearings and crank, as well as conrods.
The response... unless there is CATASTROPHIC failure, i.e: the engine had completely failed and seized, the company would not be able to repudiate the claim, and assist, as the work that i had done was the follow on of preventative maintenance, not failure.
I then asked further, IF it was a case of complete failure, and Motorite did agree to honour the claim, what would of been the amount they would cover.

i was told that due to my age of the vehicle, irrespective of mileage, i would of fallen under the lower plan, and they would of covered R25 000 for engine work.

So, does the value and "Safety" of a warranty, justify the admin and headache that follows? I say absolutely...NOT.

Granted, i know most companies do what they can to assure a claim is paid out, but this is not always the case, no matter how good the workshop is, its down to the assessors. ad yes, some will say "But its still R25 000 that you don't have to pay", fair enough, but unless its a Hyundai, or golf, i dont see the worthiness of this.

Unless you have a new car thats just left plan, then MAYBE the warranty may be worth it, however, most cars that have just left plan have multiple options to extend plans, and if not then i can guarantee that most who rely on warranty, would generally trade in for a newer car with a new plan.

 

[KarshS]

I have always taken out the unlimited cover with Motorite which is available while your car is still under warranty so there is no actual threshold on limits. Did one big claim and a few smaller claims and they paid out no issues.

I recently took innovation group warranty for my VW Roc and did a claim recently. Too many exclusions and you cant bundle suspension items in one go. Its one item at a time which was abit bull. However they paid out.

As mentioned above, Ask your mechanic which warranty he prefers. They generally form a relationship with said workshops and tend to give them less hassle.

You can contact The Engine Room (Motorite/MotorVantange) on 087 312 1018

I would not claim for small items but rather big ticket items should you need it. You will get different opinions on aftermarket warranty's due to different experiences however glad i had it when my turbo for example went poof on my 340.

Hit and miss i guess.

 

[Yulz9081]

Check with BMW as well, I know they offer warranties through Traficc.

 

[TurboLlew]

Im going to agree with this.

With whats been happening with the M6, i contacted a warranty company (Motorite), and spoke to someone pretty clued up and honest.

My goal here was to find out if buying an expensive warranty for the M6 would be worth it.

I gave them the run down on what had happened, why the car initially went in, and what was found during the analysis and investigation. I then asked, with all that, what would be covered, and what would not be covered.

The response was, that nothing i stated, with regards to the initial reason it went in (Camshaft faulty error), and then the subsequent bearing work, would of been covered. I further went on to explain that there was damage on the bearings and crank, as well as conrods.
The response... unless there is CATASTROPHIC failure, i.e: the engine had completely failed and seized, the company would not be able to repudiate the claim, and assist, as the work that i had done was the follow on of preventative maintenance, not failure.
I then asked further, IF it was a case of complete failure, and Motorite did agree to honour the claim, what would of been the amount they would cover.

i was told that due to my age of the vehicle, irrespective of mileage, i would of fallen under the lower plan, and they would of covered R25 000 for engine work.

So, does the value and "Safety" of a warranty, justify the admin and headache that follows? I say absolutely...NOT.

Granted, i know most companies do what they can to assure a claim is paid out, but this is not always the case, no matter how good the workshop is, its down to the assessors. ad yes, some will say "But its still R25 000 that you don't have to pay", fair enough, but unless its a Hyundai, or golf, i dont see the worthiness of this.

Unless you have a new car thats just left plan, then MAYBE the warranty may be worth it, however, most cars that have just left plan have multiple options to extend plans, and if not then i can guarantee that most who rely on warranty, would generally trade in for a newer car with a new plan.

This is what I have tried to explain each time these sorts of threads come up (probably a dozen times now). You are right. People will definitely have a generally good experience in terms of having claims paid when smaller things break. The problem comes in with their approach to preventative work. You are not getting any benefit for being a 'good owner' and doing preventative maintenance by having one of these warranties. And if you follow preventative maintenance work, unless there is some latent defect or random failure then your chances of something going wrong are very slim.

The flip side of this is that if you do no maintenance at all and wait for things to break the budgets and bid vests etc will very quickly request service histories and try to trawl your social media (even employing private investigators to do so) in order to show negligence or abuse .

If you have an M or M Lite, the payout values are a joke. Even if it was a Hyundai or a golf then 25K is not going to say hello for any kind of meaningful work. There is always some bright spark that chips in with "well at least it's something" - well you could have had the cost of the warranty in your pocket or used it to carry out preventative work rather than having to wait for something to 'break' and then take out 3 other sub-systems along with it... none of which the warranty is going to cover anyway

I have always taken out the unlimited cover with Motorite which is available while your car is still under warranty so there is no actual threshold on limits. Did one big claim and a few smaller claims and they paid out no issues.

I recently took innovation group warranty for my VW Roc and did a claim recently. Too many exclusions and you cant bundle suspension items in one go. Its one item at a time which was abit bull. However they paid out.

As mentioned above, Ask your mechanic which warranty he prefers. They generally form a relationship with said workshops and tend to give them less hassle.

You can contact The Engine Room (Motorite/MotorVantange) on 087 312 1018

I would not claim for small items but rather big ticket items should you need it. You will get different opinions on aftermarket warranty's due to different experiences however glad i had it when my turbo for example went poof on my 340.

Hit and miss i guess.

Just a note on Motorite: the full cover will not apply if you have extended the BMW plan beyond the 5 years. You have to take out the Motorite plan (this is what was explained to me by them) in the INITIAL 5 year period. If you extend your motorplan by 2 years then you cannot take out the motorite unlimited cover option which is the only one that makes any sense. This is even if your vehicle has never been out of the manufacturer motorplan which makes no sense... but anyway... For me, the 2 years of real motorplan will always make more sense than the Motorite cover... for others it may be different. Experiences and approaches vary greatly on this. You just need one kak claim to be totally put off.

Innovation group sounds about right - it is incredibly painful having to deal with a process like that when you want to just get it all sorted out at once... and especially when it is painfully obvious what needs to be done. If you decide to just pay cash it defeats both the purpose of the warranty as well as your ability to claim/maximise the 'benefit' in future since you solve the problem you have already paid them to solve for you.

Whatever you buy @Nishcat_M140i please read the fine print and don't listen to the sales person. You will never get a hold of them again when shit hits the fan and the only thing you will have to refer to is the signature attached to all that fine print that they totally explained accurately and not wanting to just close a sale

These companies are not in the business of saving cars or keeping you moving. They are in the business of selling you a false sense of security and betting that you won't claim more than you pay in... or you will be frustrated/diligent enough to pre-emptively fix things yourself (at which point they will say it wasn't broken so they aren't paying). I did try this on my F10 M5 for a short while and didn't bother continuing with it.

 

[General.Massacre]

I can never understand why someone would take out an unlimited warranty if you already have a full motorplan active. i.e with BMW, and then still extend the Motorplan further a year or two. Dealer warranty will already cover you fully, so youre just paying for a warranty that will essentially never be used. which is obviously what Motorite will count on

 

[KarshS]

I can never understand why someone would take out an unlimited warranty if you already have a full motorplan active. i.e with BMW, and then still extend the Motorplan further a year or two. Dealer warranty will already cover you fully, so youre just paying for a warranty that will essentially never be used. which is obviously what Motorite will count on

The 2 years will only kick in from the end date of your motorplan. After the 5 year is up.
As mentioned above, you cant take the unlimited cover if you extending motorplan. Its then pointless.

 

[MR_Y]

Hear me on this.

1. The only time i have seen unlimited cover is on fairly new cars still in their original warranty periods. Either of yours meet that requirement and budget is the king of small print.
2. The more expensive the warranty the more shit should be covered. But again see point 1.
3. Modern cars are biblically reliable if maintained well. Please read the WELL part. No 25k oil change intervals. No gearbox sealed for life nonsense, no don't need to change the coolant stuff. That kinda maintenance will not be "cheap" but certainly cheaper than a new gearbox at 200k or a buggered cooling system etc etc.
4. Make sure what ever workshop you tend to prefer does work with the warranty provider and what is the T&C for that warranty provider.


Me personally, screw it. To much hassle.

Give that man a Bells !

 

[Pisancho]

I haven't had any issues with Innovation. I have a maintenance plan, Service plan and 2 warranty covers with them with one of my cars. To date they have paid out almost 65k. As for preventive maintenance you just do it. I service my car every 8k km in between what innovation would do (they want every 15/16). You can also choose almost any workshop to work on your car as long as you sign the disclaimer form that excuses them from any bad work the workshop may do. 65k is a lot of money to have to pay out of your own pocket. They don't do unlimited of course but I am still happy, I don't have to fork out the full amount everytime. Only thing is they dont cover gaskets. Only actual mechanical parts. I will be extending my plan with them for the next 3 years. I have zero complaints and they aren't too fussy even though they send out an inspector to validate the claim. Maintenance plan and service plan they don't send inspectors, they just need pictures of the mileage and for things like brakes and battery they don't always send one.

 

[tamgoem]

I haven't had any issues with Innovation. I have a maintenance plan, Service plan and 2 warranty covers with them with one of my cars. To date they have paid out almost 65k. As for preventive maintenance you just do it. I service my car every 8k km in between what innovation would do (they want every 15/16). You can also choose almost any workshop to work on your car as long as you sign the disclaimer form that excuses them from any bad work the workshop may do. 65k is a lot of money to have to pay out of your own pocket. They don't do unlimited of course but I am still happy, I don't have to fork out the full amount everytime. Only thing is they dont cover gaskets. Only actual mechanical parts. I will be extending my plan with them for the next 3 years. I have zero complaints and they aren't too fussy even though they send out an inspector to validate the claim. Maintenance plan and service plan they don't send inspectors, they just need pictures of the mileage and for things like brakes and battery they don't always send one.

How much for the sake of interest have to spent on the service plan and warranty cover for your cars over that 65k period?

 

[Pisancho]

My 2 warranties cost me 10.5k and 7k for 2 years once off. 1 year left and then I will extend for another 2 years. Maintenance plan is 500 a month which covers brakes, disks, battery, electrics and other small items over 3 years. Comes to 15k total over 3 yrs as i got a discount. Brakes alone was 16k so I already got my money back and my battery is being done as I type this since it has reached the end of its life. I am 1 year into this plan. Service plan is 7.5k, also extending by another 2 years.

 

[General.Massacre]

My 2 warranties cost me 10.5k and 7k for 2 years once off. 1 year left and then I will extend for another 2 years. Maintenance plan is 500 a month which covers brakes, disks, battery, electrics and other small items over 3 years. Comes to 15k total over 3 yrs as i got a discount. Brakes alone was 16k so I already got my money back and my battery is being done as I type this since it has reached the end of its life. I am 1 year into this plan. Service plan is 7.5k, also extending by another 2 years.

This sounds worth it then and not to bad if im honest actually.

 

[Pisancho]

This sounds worth it then and not to bad if im honest actually.

Yeah, I am almost at 110k so expecting a few more items to give in like water pump, maybe fuel pump, injectors etc. It gives me peace of mind as I don't actually care if something breaks. I actually look forward to it so I can get a new part lol.

 

[General.Massacre]

Yeah, I am almost at 110k so expecting a few more items to give in like water pump, maybe fuel pump, injectors etc. It gives me peace of mind as I don't actually care if something breaks. I actually look forward to it so I can get a new part lol.

i went on to the Innovation website, but looks more dealer orientated, and then i saw anothe site called Hoot, that are powered by Innovation.
Due to the age of the M6, they only allow a Service plan, not a maintenance plan.
And that would of cost me R795 a month, its costs me R2500 to do a good oil change on the car, and Plugs and coils i can do myself, so not really a worthwhile item to get into in to from what i saw. so again, another one i will pass on.

 

[Pisancho]

i went on to the Innovation website, but looks more dealer orientated, and then i saw anothe site called Hoot, that are powered by Innovation.
Due to the age of the M6, they only allow a Service plan, not a maintenance plan.
And that would of cost me R795 a month, its costs me R2500 to do a good oil change on the car, and Plugs and coils i can do myself, so not really a worthwhile item to get into in to from what i saw. so again, another one i will pass on.

You can get the work done anywhere but you have to sign more forms etc to get approvals. Xflow works on my cars and they are RMI approved and have a good relationship with them hence why I don't struggle with claims. One of my cars is a 2013 which has the plans with them so unless your M6 is older maybe it would be an issue. The 2013 can still be extended for another 2 years as their rule is less than 15 years and 300k km if i remember correctly. The service plan would be a waste of money. Mainly the warranty is the most useful along with the Maintenance plan but especially the warranty.

 

[Nishcat_M140i]

I haven't had any issues with Innovation. I have a maintenance plan, Service plan and 2 warranty covers with them with one of my cars. To date they have paid out almost 65k. As for preventive maintenance you just do it. I service my car every 8k km in between what innovation would do (they want every 15/16). You can also choose almost any workshop to work on your car as long as you sign the disclaimer form that excuses them from any bad work the workshop may do. 65k is a lot of money to have to pay out of your own pocket. They don't do unlimited of course but I am still happy, I don't have to fork out the full amount everytime. Only thing is they dont cover gaskets. Only actual mechanical parts. I will be extending my plan with them for the next 3 years. I have zero complaints and they aren't too fussy even though they send out an inspector to validate the claim. Maintenance plan and service plan they don't send inspectors, they just need pictures of the mileage and for things like brakes and battery they don't always send one.

I've been referred to Innovation by most.

I dealt with an agent by the name of Sherwin. I was impressed with what they would cover, but he refused to send me a quote on email unless I signed up which is absolute balls. Every other company sent me detailed quotes and everything yet this guy refused to do that.

I can't sign up for something without knowing what it entails.

 

[tamgoem]

My 2 warranties cost me 10.5k and 7k for 2 years once off. 1 year left and then I will extend for another 2 years. Maintenance plan is 500 a month which covers brakes, disks, battery, electrics and other small items over 3 years. Comes to 15k total over 3 yrs as i got a discount. Brakes alone was 16k so I already got my money back and my battery is being done as I type this since it has reached the end of its life. I am 1 year into this plan. Service plan is 7.5k, also extending by another 2 years.

That is absurd value for money. R500 bucks a month for a maintenance plan on even a Kwid is a bargain.

 

[TurboLlew]

I haven't had any issues with Innovation. I have a maintenance plan, Service plan and 2 warranty covers with them with one of my cars. To date they have paid out almost 65k. As for preventive maintenance you just do it. I service my car every 8k km in between what innovation would do (they want every 15/16). You can also choose almost any workshop to work on your car as long as you sign the disclaimer form that excuses them from any bad work the workshop may do. 65k is a lot of money to have to pay out of your own pocket. They don't do unlimited of course but I am still happy, I don't have to fork out the full amount everytime. Only thing is they dont cover gaskets. Only actual mechanical parts. I will be extending my plan with them for the next 3 years. I have zero complaints and they aren't too fussy even though they send out an inspector to validate the claim. Maintenance plan and service plan they don't send inspectors, they just need pictures of the mileage and for things like brakes and battery they don't always send one.

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

 

[MR_Y]

One of my cars is a 2013 which has the plans with them so unless your M6 is older maybe it would be an issue. The 2013 can still be extended for another 2 years as their rule is less than 15 years and 300k km if i remember correctly. The service plan would be a waste of money. Mainly the warranty is the most useful along with the Maintenance plan but especially the warranty.

Thanks for this info.
I called Innovation now at 15:25.
They said that they do not offer a maintenance plan on older high performance cars. My 911 is a 2013 and they said that they cannot cover it. However, they said that they will call me back later to see if they can offer a limited warranty - the agent needs to confirm if they can