What Aftermarket Warranty do you have?

[Nemo]

Hi Guys,

So I am thinking about taking the plunge on very low mileage vehicle that is out of motorplan due to to time.

I am interested in seeing who everyone is with from an aftermarket warranty perspective especially if you have an M3/m5/m6

Who are you with? what are you paying and how has your experience being?

Thanks a mill

 

[Nemo]

* been

 

[KPM3_30]

I am with SAWarranties/M-Sure, great experience so far having used them since 2017 on both my E90's. R350 per month and it has already paid out R9k in claims, in 1 year on the 320d.

The benefit limits are quite low given age, anything over 8 years is a waste of time and you would be better off with a slush fund for maintenance. Given an M car, I would suggest you speak to the dealer and check if Innovation group has a warranty for M cars.

 

[hingisp]

One that was offered to me was by innovation group I think it was called, seemed alot of the dealers are using them.

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[Yulz9081]

I have Innovation for a few years now on my E90 plus both E87 and F10 back home. All non-M though. Been paying R387 per month since it came off plan with good cover.

Claims process been effortless and decent cover, got R9k paid out recently.

Only issue is that claims process takes up to a day or 2 before being approved so depending on issue it can take up to 3-4 days for a repair that could have taken a day if you paid cash. If time isn't an issue then you're golden.

 

[SanM]

I recently found out from my service advisor at BMW that these extended warranties do not cover costs for assessment as well as labour and stripping. I'm with Innovation, which I obtained via ABSA.

Want to know if this is the case with your warranty product?

 

[Yulz9081]

I recently found out from my service advisor at BMW that these extended warranties do not cover costs for assessment as well as labour and stripping. I'm with Innovation, which I obtained via ABSA.

Want to know if this is the case with your warranty product?

I haven't experienced this. The entire repair from diagnosis was covered in my claim.
I know some places say they charge R650 or whatever for diagnosis for instance then knock it off the repair bill if they fix the car.

 

[SanM]

Noted

I recently found out from my service advisor at BMW that these extended warranties do not cover costs for assessment as well as labour and stripping. I'm with Innovation, which I obtained via ABSA.

Want to know if this is the case with your warranty product?

I haven't experienced this. The entire repair from diagnosis was covered in my claim.
I know some places say they charge R650 or whatever for diagnosis for instance then knock it off the repair bill if they fix the car.

 

[Peter@AEW]

I have always used myself for warranty purposes.
Automatic authorisation for labour although parts can be a hassle at times to get approved by the CFO.

If you get anything turbo get a warranty.
Although they have low pay out thresholds it is invariably better than nothing.

 

[Salt]

Unfortunately our challenge is you waited too long. As soon as you need to take one out on a car that is already out of motorplan/manufacturers warranty the benefits decrease considerably.

The Engine Room - administered by Motorite. R8070.00 for a car still under motorplan/manufacturers warranty, less than 5 years old, less than 150 000km, 2 years/unlimited mileage and unlimited cover. And they work - used them before for turbo failure.

 

[andrewrivera141]

So I can go to bmw and ask about their innovation warranty plan? I've been looking to see if this type of thing is even useful. E46 m3 here.

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[Salt]

So I can go to bmw and ask about their innovation warranty plan? I've been looking to see if this type of thing is even useful. E46 m3 here.

Sent from my Pixel using Tapatalk

I got a quote from BMW for an extended warranty  when I bought my car last year. Even though my car was still under plan at the time the benefits were poor with sub limits from day one on the best BMW could offer me. As per my previous post I went back to The Engine Room (Motorite) who I had used previously for a different car and where I had a turbo failure, no issues on the repair at the manufacturer - they covered it in full. I do remember a mention that if they turn the claim down should they find breach of terms I would need to pay for the assessment. Think they cover themselves for cars that were modded etc. Again the trick here is that as soon as a car is out of plan/manufacturers warranty the cover is poor and sub limits apply. Personally I would not bother with one unless I get unlimited cover like I had before and again now. With sub limits generally from what I've seen, cover for a turbo failure for instance is between R8000 and R12500. And that will won't cover much at a dealer, where these plans generally require you to go to. I know some plans allow RMI work, not sure what they would charge for a turbo replacement on a BMW or an M car. Hope this helps.

 

[TurboLlew]

M-Sure. I haven't claimed... but then nothing has broken. It is R353 on my M5.

Honestly I am not sure this works for me (the previous thread on this made me think about it) because eg: if something needs to be done, I don't have the patience to wait and explain and have people come out to check (and hope the right person comes out to check). I also like to do things preventatively and these are by-definition mechanical breakdown insurances. Basically my way of work and the warranty's way of work are not aligned.

If something does break eg: I need clutches or a diff etc. then I will probably buy Dodson/SSP or go with other kinds of upgrades. If they covered 100% (or even 50%) of the cost, it would be a different story. However you might get R12K or so from the warranty and having it barely cover the labour for the exercise, whilst forcing you to buy OEM parts and have it fitted at BMW (or an indy that charges pretty much the same rates as discounted JSN or ABM rates).

I am not expecting them to cover anything like an engine breaking or transmission breaking outright (which I suppose is what everyone ACTUALLY worries about) because these are many hundreds of thousands of rands anyway and again I would probably spend R150K at the right time at 357/TuneTech/some place that will do a build for me rather than going with a new/used motor or trying to replace one piston ring at a time (this has happened to people) with peasant/patch fixes on what was a R1.2M car at some point. Alot of money? Well the first motor in my case will have lasted 150000km+ making 400kw... so in my mind I don't have issues with the platform. I don't race and I don't have a harsh driving styel. I am paying zero for the car... If you were previously paying R11K a month for the car before you paid it off and it goes for 12 months after your plan has ended (it will probably go on for far longer) and you've been religious about your slush fund, you're already at R132K saved for your catastrophe or mods or whatever it is that goes wrong (worst case). Can't mentally go there? Build going to cost half the value of the car? Go buy another car with the cash then and part this one out... with or without the warranty you would be in that boat but without the savings or the control. You need that slush fund... and to be building it... regardless of whether you have a 120d or M6... unless you want to be sinking into very deep holes when you have to fork out for a repair (and again, for the big ones you will be reaching into your pockets anyway - the small ones you would probably easily cover and also have some negotiation room for paying cash and not having your car take up a bay in the workshop for 2 or 3 days waiting for your 'authorisation' for obvious things.

I am really thinking twice about paying R350 a month for a warranty that really probably isn't meant for me and at the same time has no hope of saving anyone if catastrophe strikes. It really is just for peace of mind/false sense of security... If you're paying off a car still though this scenario doesn't apply. I personally don't think you should be paying off a car AND have it out of plan.

Example is the coil packs and plugs on my car - I am doing them now because I feel it is time and based on my plans - no warranty will pay for it because it is not broken... and if it broke they would replace 1 and not 8. This is one way to become fed up with your car (see guys with Actuator issues on their E92s and E60s). You replace one and you know the other is going to go not long after and it affects your peace of mind... Either way, it is not in my nature to wait until 'something breaks'. This is also one less thing that the warranty will be able to 'help' with as I have taken care of it myself.

TL;DR Think about how you spend, how you drive and how you like to be treated. I am probably not going to keep mine going.

 

[boost3d]

Also paying the same R353 from M sure, was able to get class b coverage , as other have pointed out, it definitely wont cover the costs of very much, but my take it, if it can even pay 5k towards a 20k part, then thats R5k less that i need to pay upfront. As Llew has also said, its just about having some peace of mind, knowing that you have some basic coverage in place should something go wrong but knowing full well that alot of these aftermarket plans a) Look for any reason not to pay , b) Pay out very little.

 

[TBP88]

I don't have one.

Basically same view as LLew above - on most BMWs these things won't even remotely cover your repair. Let alone on an M car where my brake disks are around R4k for each front. I just try to budget and if I feel anything out of place I tell my mechanic at normal service time to please check into X Y or Z.

 

[devastator]

I was forced to take a warranty from Webuycars. Honestly never used it and never will.

My first case of a pointless warranty was with my Subaru STI, bought from the dealership in Durban. It suffered from the typical cracked pickup which could have sent a rod through the block. My claim was dismissed their reason "Its not a moving component in the oil system".