discussion Extended Warranty

[MR_Y]

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

It would be good to take off the cover under the bottom of the engine area and check for oil leaks. Sometimes it is just a little leak that doesn't register on the computer.

Full suspension check (control arms, tie rod, etc).

Brake pad and discs check.

Engine/gearbox mounts

Propshaft check

Main battery check

Aircon gas check

That's all I can think of now.

 

[Teezoh]

It would be good to take off the cover under the bottom of the engine area and check for oil leaks. Sometimes it is just a little leak that doesn't register on the computer.

Full suspension check (control arms, tie rod, etc).

Brake pad and discs check.

Engine/gearbox mounts

Propshaft check

Main battery check

Aircon gas check

That's all I can think of now.

Just adding here, even though I'm a N55 fanboy (purely for the sound) I secretly obsess about a B58 ...

From my studies when nearing the 90-100k mark:

Coolant loss - do a pressure test or check your coolant cap area for white stains
PCV membrane - As @MR_Y said, a quick indication would be small leakage on your bottom cover or white smoke on idle
Cracked a/c compressor
Cracked evap lines
Cracked intake piping - Not sure if you upgraded intake and charge pipes yet?
Vanos solenoids
Water pump
Injectors - this is more for the 16-17 models getting stuck, believed to be fixed with 18up.

Also adding onto your control arms and struts, if you need to replace them at some point, opt for the M3/4 Control arms and tension struts. Huge upgrade.

 

[General.Massacre]

I was told when i purchased the M6 that an aftermarket warranty is compulsory, due to the nature of the car, and that fact that its not a regular car.
the warranty they wanted to push me in to was a basic warranty costing R11 500, and as an example, Engine was only covered up to R25 000.
i explained to them that the warranty will only come in to effect if there is catastrophic damage and failure, and not allow me to use the warranty for due diligence to mitigate issues, to which they agreed. I further then explained that that is useless, as any damage caused, regardless of being an M6 or a 335i, or a 120d, any catastrophic damage will amount to much more than the ceiling of cover.
I eventually signed the deal with the warranty excluded after a fight with the Dealer Principle, stating they cannot force me to have a warranty if i don't want it.

Now i know many people are on the "If you own an M car, you need a warranty" camp, which i can agree and understand to an extent, but again, if it only covers complete failures, then i don't see the point of it, there will always be that one where it could come in handy, i agree, but I've never seen the worth in the warranty, unless you have a Plan from the actual dealer in place. as there is always hoops to jump through on warranties. i know some will disagree with what I've said, but my experience with Warranties outweighs the black and white, and just not feasible.

 

[TurboLlew]

I was told when i purchased the M6 that an aftermarket warranty is compulsory, due to the nature of the car, and that fact that its not a regular car.
the warranty they wanted to push me in to was a basic warranty costing R11 500, and as an example, Engine was only covered up to R25 000.
i explained to them that the warranty will only come in to effect if there is catastrophic damage and failure, and not allow me to use the warranty for due diligence to mitigate issues, to which they agreed. I further then explained that that is useless, as any damage caused, regardless of being an M6 or a 335i, or a 120d, any catastrophic damage will amount to much more than the ceiling of cover.
I eventually signed the deal with the warranty excluded after a fight with the Dealer Principle, stating they cannot force me to have a warranty if i don't want it.

Now i know many people are on the "If you own an M car, you need a warranty" camp, which i can agree and understand to an extent, but again, if it only covers complete failures, then i don't see the point of it, there will always be that one where it could come in handy, i agree, but I've never seen the worth in the warranty, unless you have a Plan from the actual dealer in place. as there is always hoops to jump through on warranties. i know some will disagree with what I've said, but my experience with Warranties outweighs the black and white, and just not feasible.

Was it the finance house or the dealer insisting on the warranty? Some of them do this to avoid CPA claims - they claim from 'your' warranty in the first 6 months (that they have sold to you and earned comm on )

The rest of your comment supports exactly why it is pointless having anything other than motorplan. The limits on failures are absurdly low and no cover for preventative work. Even motorplan requires 'topping up' with the in-between services if you intend to keep the car longer.

I would love to know how many catastrophically failed M3/4/5/6's sitting on facebook market place (with 'only needs 10K to fix' or 'slight bearing knock' in their descriptions) are being sold because the owner thought they were 'covered' by a warranty sold to them when they bought it and couldn't afford or justify the shortfall when it came time to claim.

 

[MR_Y]

I was told when i purchased the M6 that an aftermarket warranty is compulsory, due to the nature of the car, and that fact that its not a regular car.
the warranty they wanted to push me in to was a basic warranty costing R11 500, and as an example, Engine was only covered up to R25 000.
i explained to them that the warranty will only come in to effect if there is catastrophic damage and failure, and not allow me to use the warranty for due diligence to mitigate issues, to which they agreed. I further then explained that that is useless, as any damage caused, regardless of being an M6 or a 335i, or a 120d, any catastrophic damage will amount to much more than the ceiling of cover.
I eventually signed the deal with the warranty excluded after a fight with the Dealer Principle, stating they cannot force me to have a warranty if i don't want it.

Now i know many people are on the "If you own an M car, you need a warranty" camp, which i can agree and understand to an extent, but again, if it only covers complete failures, then i don't see the point of it, there will always be that one where it could come in handy, i agree, but I've never seen the worth in the warranty, unless you have a Plan from the actual dealer in place. as there is always hoops to jump through on warranties. i know some will disagree with what I've said, but my experience with Warranties outweighs the black and white, and just not feasible.

💯 👍

 

[NBN]

I was told when i purchased the M6 that an aftermarket warranty is compulsory, due to the nature of the car, and that fact that its not a regular car.
the warranty they wanted to push me in to was a basic warranty costing R11 500, and as an example, Engine was only covered up to R25 000.
i explained to them that the warranty will only come in to effect if there is catastrophic damage and failure, and not allow me to use the warranty for due diligence to mitigate issues, to which they agreed. I further then explained that that is useless, as any damage caused, regardless of being an M6 or a 335i, or a 120d, any catastrophic damage will amount to much more than the ceiling of cover.
I eventually signed the deal with the warranty excluded after a fight with the Dealer Principle, stating they cannot force me to have a warranty if i don't want it.

Now i know many people are on the "If you own an M car, you need a warranty" camp, which i can agree and understand to an extent, but again, if it only covers complete failures, then i don't see the point of it, there will always be that one where it could come in handy, i agree, but I've never seen the worth in the warranty, unless you have a Plan from the actual dealer in place. as there is always hoops to jump through on warranties. i know some will disagree with what I've said, but my experience with Warranties outweighs the black and white, and just not feasible.

Totally agree

It's also become like medical aid in the sense that they look for any small excuse or loophole to cover any claim. It's a nice to have in the situation of a complete failure and similar to ending up in a hospital and needing a basic 'hospital plan' as a contingency plan but it's no guarantee that you're going to be 100% covered even if you do have a mechanical failure

 

[General.Massacre]

Was it the finance house or the dealer insisting on the warranty? Some of them do this to avoid CPA claims - they claim from 'your' warranty in the first 6 months (that they have sold to you and earned comm on )

The rest of your comment supports exactly why it is pointless having anything other than motorplan. The limits on failures are absurdly low and no cover for preventative work. Even motorplan requires 'topping up' with the in-between services if you intend to keep the car longer.

I would love to know how many catastrophically failed M3/4/5/6's sitting on facebook market place (with 'only needs 10K to fix' or 'slight bearing knock' in their descriptions) are being sold because the owner thought they were 'covered' by a warranty sold to them when they bought it and couldn't afford or justify the shortfall when it came time to claim.

Spot on here Llew,
It was insisted on by the dealership, not the Finance house.
There explanation was that all cars sold by them require a compulsory Warranty, and even more so on high performance vehicles. This was told to me after i caught them out saying they had done the initial service and oil change before me purchasing it. i ask what oil was used, and the DP said they only use OEM BMW Oil on these cars, then the Sales Person told me they used Shell Full Synthetic, then the Workshop foreman, looking perplexed butted in and said "but it hasnt been serviced as he was told to do it after a signed Purchase Order"

so goes to show the tactics used to sell cars.

I agree on the point about many a high profile car sitting on FBMP with issues relating to knock, or needs some TLC, "but not much to spend". so they the type of owners that 1. follow factory service intervals, 2. spin, burnout and thrash the car, 3. sell shortly after as it develops issues, and then all the above start to give the platform a bad rep.
i realised this first with the N54 platform, i was told how unreliable and problematic the Engines are, but they actually very good so long as you maintain them. im finding the same with the S63 engine, great motor, keep it maintained and it will serve you well, abuse it, then you will have issues.

Totally agree

It's also become like medical aid in the sense that they look for any small excuse or loophole to cover any claim. It's a nice to have in the situation of a complete failure and similar to ending up in a hospital and needing a basic 'hospital plan' as a contingency plan but it's no guarantee that you're going to be 100% covered even if you do have a mechanical failure

This is a good comparison to be fair, ive seen countless posts about this very problem pertaining to Med Aids, and its honestly becoming more prevalent, anyway to make money, and save from spending as little money as possible.

 

[Eust]

I would get the extended warranty from BMW, it's a risk mitigation, especially since the values are generally decent for a mid-level performance car like a M140i, for R15k.

The issue with the general warranty providers is that generally the old performance cars don't get enough cover to largely mitigate the risk - they are pretty useless.
But R75k assistance a complete engine failure on a M140i, R50k for gearbox, R50k for diff, for a R15k "insurance" fee, I'd take that.

You got to do all the other preventative stuff etc, as we all generally do, or should do - but this is managing exceptions and makes sense for a 4 and bit year old M140i for R15k IMO.

Getting R15k engine cover on a 14y old M, AMG or Porsche, well.........

That's why I watch on the side line with guys having sportscars that are 10y+ old, and would they actually keep these with no mitigation......all about risk appetite I guess and if you have the cash to pay or want to pay, for the potential problem you can encounter.

 

[Eust]

Was it the finance house or the dealer insisting on the warranty? Some of them do this to avoid CPA claims - they claim from 'your' warranty in the first 6 months (that they have sold to you and earned comm on )

The rest of your comment supports exactly why it is pointless having anything other than motorplan. The limits on failures are absurdly low and no cover for preventative work. Even motorplan requires 'topping up' with the in-between services if you intend to keep the car longer.

I would love to know how many catastrophically failed M3/4/5/6's sitting on facebook market place (with 'only needs 10K to fix' or 'slight bearing knock' in their descriptions) are being sold because the owner thought they were 'covered' by a warranty sold to them when they bought it and couldn't afford or justify the shortfall when it came time to claim.

I gaurentee you there are more "holding on to hopes and dreams" of it won't fall type of buyers than buyers that bought an "insurance" policy - the "policy" being under-insured is another story.

Too many I can afford an M car for R500k or R700k type of guys then ride on the seat of their pants just trying to pay the installment, never mind warranties, preventative maintenance, tyres🤣, etc etc etc

 

[Salt]

Hi all. So I've gone for the BMW option on the warranty. I wana share one thing though...something I did not take in to account a year ago. I've on multiple vehicles in the past taken out an extended warranty. So I know that if you take out the extended warranty BEFORE the cars original manufacturers warranty is still active, you get the unlimited cover for 2years/unlimited km's option. Where I missed the mark this time is that I extended the cars motorplan first by a year. Then when I applied for the extended warranty I learnt that the unlimited cover also has another condition...less than 5 years/100 000km... So even though mine was still under motor plan and well under 100 000km, it was over 5 years and not in the original manufacturers warranty anymore. If I had thought of this beforehand I would probably have taken out the extended warranty before the original motorplan ended...for much less money too.

I will say though that BMW did sort out a bunch of stuff for me before the extended motorplan ended...something I recon would not have been as easy admin and time wise if I needed to do it under the extended warranty.

Anyway, some food for thought for those considering these options...unless I'm the only one that didn't think of this 🙂

 

[GravityLee]

I gaurentee you there are more "holding on to hopes and dreams" of it won't fall type of buyers than buyers that bought an "insurance" policy - the "policy" being under-insured is another story.

Too many I can afford an M car for R500k or R700k type of guys then ride on the seat of their pants just trying to pay the installment, never mind warranties, preventative maintenance, tyres🤣, etc etc etc

I also (somewhat) blame the YouTube culture of “wrenchers” for this. The narrative of M cars being affordable to maintain, but they don’t mention having a fully kitted out workshop and wrenching on YouTube being a full time job for them (without even going into access to aftermarket parts here as opposed to US).

 

[Mr Krabs]

So, I have been looking at a F30 B48, and the motorplan expired last year. So is it still possible to get extended warranty? Worthwhile and possible?

 

[Salt]

So, I have been looking at a F30 B48, and the motorplan expired last year. So is it still possible to get extended warranty? Worthwhile and possible?

Everyone has their own opinion here...and I don't think anyone is wrong necessarily. Everyone must do what works for them. I've always taken out an extended warranty on multiple vehicles in the past and sometimes never needed it but then again had a turbo failure on another car and it paid off. For me, it's a 'small' (I say that tongue in cheek as R15k is not a small amount of money) but for the back up it provides its worth it for me. Again, others differ in opinion and I respect that as I don't think they are necessary wrong either. Do what works for you.

 

[TurboLlew]

I also (somewhat) blame the YouTube culture of “wrenchers” for this. The narrative of M cars being affordable to maintain, but they don’t mention having a fully kitted out workshop and wrenching on YouTube being a full time job for them (without even going into access to aftermarket parts here as opposed to US).

100%. They are affordable to maintain relative to their complexity and performance on offer. They are NOT affordable to maintain by the standards of ordinary cars. Some of those channel sponsorships are INSANE amounts of money and even the smaller channels take content that has been completed over months with multiple other shops and wait times involved and edits it to seem like it happens in a week or two. Meanwhile the bumbling idiot personas are acting like they are peasants just like the viewers

The cartuber implosions and deals have really shown us how much these guys are getting. They really literally are just walking ads and the production crews are the same if not more complex than those for car shows. If you watch some of the donut videos, they have rigs, crew and kit on par with Top Gear (Granted they are sponsored by Nissan, Porsche etc ).

 

[Mr Krabs]

Everyone has their own opinion here...and I don't think anyone is wrong necessarily. Everyone must do what works for them. I've always taken out an extended warranty on multiple vehicles in the past and sometimes never needed it but then again had a turbo failure on another car and it paid off. For me, it's a 'small' (I say that tongue in cheek as R15k is not a small amount of money) but for the back up it provides its worth it for me. Again, others differ in opinion and I respect that as I don't think they are necessary wrong either. Do what works for you.

Thanks. Since the BMW Motorplan has expired, which extended warranties from which companies, are good options? Does the BMW dealership have a preferred third party one?

 

[Salt]

Thanks. Since the BMW Motorplan has expired, which extended warranties from which companies, are good options? Does the BMW dealership have a preferred third party one?

Have a look at the table I posted in the first post. I went with the BMW option. Might be a little different for your car.

 

[Mr Krabs]

Have a look at the table I posted in the first post. I went with the BMW option. Might be a little different for your car.

Thanks. Is the cost of ie. the engine, the cost of what they will cover, or what you have to pay?