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Extended Warranty
Hello Everyone!
My manufacturer warranty is about to run out next year on my 2001 3.0i Z3 Roadster and I was wondering about an extended after market warranty. Does anyone have any suggestions on who to go with? Any help would be appreciated! Thanks! -Tom |
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"Tom" > wrote in message news:IFKvd.7952$xa6.2869@trnddc09... > Hello Everyone! > > My manufacturer warranty is about to run out next year on my 2001 > 3.0i Z3 Roadster and I was wondering about an extended after market > warranty. Does anyone have any suggestions on who to go with? Any help > would be appreciated! If you decide to go with a warranty make sure it has 2 things minimum 1) right of transfer to subsequent owner (if you sell) 2) rebate on unused portion of warranty (if you sell and decide not to pass on the remaining warranty time/miles). I have never had one on a Bimmer....I don't keep these cars more than 3 or 4 years....but I have had them on Jeep Grand Cherokees. In the case of my last one with a Jeep I paid about $ 1,600.00 for it. I used it to repair/replace rear wiper motor and driver's power seat. The repairs cost a total of $ 1,625.00.. and I contributed 2 $ 50.00 deductibles. So the cost to me was $ 1,700.00 for which I had $ 1,625.00 of work done. When I sold the car I was given a refund on unused portion of warranty of $ 1,100.00. In the end the $ 1625.00 in repairs actually cost me $ 600.00 out of pocket. If I didn't have a warranty with a refund clause it would not have been worth it. Extended warranties are always a crap shoot, unless you have a car with an established record of defects (Grand Cherokees fit that bill :^) |
#3
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In article <IFKvd.7952$xa6.2869@trnddc09>,
Tom > wrote: > My manufacturer warranty is about to run out next year on my 2001 > 3.0i Z3 Roadster and I was wondering about an extended after market > warranty. Does anyone have any suggestions on who to go with? Any help > would be appreciated! In general, they're a waste of money. They have to make a profit and cover the admin costs. So if you're *very* unlucky with breakdowns, they may be worth it. If average, you'll loose. If lucky, you'll lose badly. Some aftermarket warranties only pay out 10% of their overall premiums in repairs. Go figure the odds on those being worth it for you. -- *A closed mouth gathers no feet.* Dave Plowman London SW To e-mail, change noise into sound. |
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