BMW or 3rd Party Warranty ??

Discussion in 'General chat' started by imi7, May 16, 2019.

  1. imi7
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    imi7

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    So the 1 yr Inchape Group extended warranty (administered by Car Care Plan) on my 2015 640d is coming to an end in 4 weeks time, and they currently do not extend it beyond this point. I have been looking at alternatives, mainly for peace of mind as in my experience when things go wrong it tends to burn a hole in the pocket.

    I have been quoted GBP 1157 with 100 excess by BMW Warranty for Comprehensive, and 948 with same excess for Named Component - I thought this was a bit steep.

    Shopping around, there are other warranty providers at almost half the cost (Warranty Direct, MotorEasy etc), but they all have mixed reviews and I am not sure if they would be good to deal with in the event of a claim.

    I am interested to know which warranties other BMW owners have opted for, and if you have used any decent 3rd party warranty providers.

    Thanks.
     
    Last edited: May 16, 2019
  2. slim_boy_fat
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    slim_boy_fat WARLORD Site Supporter

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    Welcome aboard :wavey:

    I have no experience of BMW's own warranty but a cautionary tale about 3rd-party warranties.

    My e60 came with a 'Gold Level' 3rd-party warranty from the selling garage, unfortunately I can't recall the name of the Company providing it. On the face of it, it looked wonderful...covered all sorts of things. :whistling: It certainly looked good on paper. I had occasion to make a claim and my Indy flatly refused to carry out the work because of the trouble they'd had in the past when dealing with such companies, not only in getting permission to proceed, but also getting paid when the job was done [sometimes, not at all]. The terms wouldn't allow me to pay the work myself and reclaim the costs, it had to be through a garage. :mad:

    Luckily, in that case, the Dealers stepped up to the plate and helped me out, but I'd not guarantee they'd do that again [in fact, I'd almost bet they'd not].

    You "pays yer money and you takes yer chance", as the saying goes. :(
     
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  3. markyboyt
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    markyboyt

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    I would either take the BMW option or take your chance with no warranty. I've known of a warranty company who, when contacted by a bmw dealer for auth on a customers car, told the dealer that bmw should be doing it under goodwill. Theyre not worth the paper theyre printed on, I don't know how theyre allowed to trade. They will also pay only very low labour rates and I have seen cars transported to the other end of the country in a state of strip down to be repaired somewhere cheaper.
     
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  4. bishbosh
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    bishbosh WARLORD Site Supporter

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    I've claimed under a BMW warranty and that was hassle free. I would steer clear of 3rd party warranty companies as they try and get out of paying up for numerous reasons.
     
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  5. imi7
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    imi7

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    Thank you for your replies. I was leaning towards BMW warranty, just my wallet was not feeling that option....
     
  6. bishbosh
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    bishbosh WARLORD Site Supporter

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    If you don't think there's much to go wrong (I have the same engine) what is the quote like with £250 excess? Should bring it down a bit.
     
  7. imi7
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    imi7

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    It comes down to 883 - this does not include the Emergency Service Option (is this worth it?)
     
  8. bishbosh
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    bishbosh WARLORD Site Supporter

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    I've never taken out the ES option, have heard mixed reviews.

    My breakdown cover is with GEM which covers both cars.
     
  9. imi7
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    imi7

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    Never heard of GEM - just had a brief look into them online - look OK. Are they better than the current mainstream AA or RAC cover?
     
  10. The CO
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    The CO Admin

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    Chap on PH had an M5 whose engine went bang, a torrid tale of denial, obfuscation and flat rejection by the third party warranty company ensued. He eventually won though through the FOS. Sadly the original thread was pulled because of PH's paranoid naming and shaming policy. Which we don't have - Warranty Direct.

    https://www.pistonheads.com/gassing/topic.asp?h=0&f=23&t=1802735&i=0
     
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  11. bishbosh
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    bishbosh WARLORD Site Supporter

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    I think most breakdown companies are better than the AA or RAC!

    Never had to phone them yet so I can't say what their performance is like. Their European cover is more expensive i think. Allianz might be a better bet if driving in Europe.
     
  12. mystic sport
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    mystic sport

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    BMW warranty, absolutely no hesitation. I simply wouldn't consider anything else.
     
  13. imi7
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    imi7

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    Cheers - good to know - I was considering WD as an alternative. :cautious:
     
  14. Abh29
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    Abh29 Site Supporter

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    Never had to use BMW extended warrantee ,but found the rescue service very good. I got stuck trying to turn around up a track in the Lake Districk that I had gone up in error,so was not on main road at all,and phone reception very poor so could not get a good line.
    Pressed the Emergency Button, an immediate answer, told them trouble and was giving location when she told me they had that automatically. Within 45 minutes a local garage appeared, got me out of the soft ground I was in and I was away.
    I would willing pay a premium for that type of service.

    This was in the e84 car that was only 2wd
     
  15. kleynie
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    kleynie WARLORD Site Supporter

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    Me too. I have the same engine and pay £900 with £100 excess and ES, you must have higher mileage than me (36k)
     
  16. imi7
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    imi7

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    Mileage is 25k on mine - I have a 6GC - they probably charging more as its more susceptible to faults o_O
     
  17. mystic sport
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    mystic sport

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    Seems steep that price, my renewal for BMW warranty with emergency service is £1058 with £100 excess on an F10 M5.

    It seems that if you extend an existing BMW warranty (thought it was administered by Mondial) then you got a reduction. Maybe because it is inchcape/care care it isn't considered a true BMW extended warranty so you are having to pay the full whack price?
     
  18. imi7
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    imi7

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    Yes that is right - I went for the Inchape warranty as my BMW dealership is part of the same group and they only charged 390 for the year - it was a seem-less transition as they have replaced a few bits (side camera, odometer (long story) with no quibbles - I am sure the loyalty factor came into play here.

    I will call BMW tomorrow to try and negotiate with them.....
     
  19. 535i MSport
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    535i MSport

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    I have had BMW warranties for about the last 6 years on different cars and there has never been any problem getting the work done. Not cheap, but it’s there when you need it (comprehensive cover).


    Sent from my iPhone using Tapatalk
     
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  20. mystic sport
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    mystic sport

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    Just renewed mine as of 30 minutes ago. £100 excess, emergency services and comprehensive cover.
     

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