just curious, how many of you guys are driving without warranty?
#21
Members
Joined: Jan 2007
Posts: 101
Likes: 0
From: Alex, Egypt
My Ride: 2006 BMW 523i, Steptronic, Titanium Silver Metallic, Black Leather, Brown Wood Trim, Folding mirrors, Bluetooth, Voice Control, Sun Protection Glass, Park Distance Control, Sliding Armrest, Advanced Air-Con, Ipod, Electric Seats w memory, tires Dunlop sp1 225/55 R16.
I am since last Feb 2008 without warranty, but no issues yet . . . . .
#22
Contributors
Joined: Jul 2008
Posts: 383
Likes: 0
From: Dubai, U.A.E.
My Ride: 2004 545i - Bone stock... help!
I bought out of warranty. I've had a few problems, some pretty minor, my M-ASK was major. All in all, it's cost me about 4k US in the last 3 months. I need to replace my headlight assemblies next (wiring inside is shot), so that's another couple of grand. I could have bought a CPO'd 550 for price I paid for the car plus repairs.
I knew the risk going into it, and at the time I was in a hurry to get a car and there were no CPO's available that I liked so... I'll never buy out of warranty again if I can help it. It's tough on the pocket book.
I knew the risk going into it, and at the time I was in a hurry to get a car and there were no CPO's available that I liked so... I'll never buy out of warranty again if I can help it. It's tough on the pocket book.
#23
Originally Posted by dirksqjaw' post='753611' date='Dec 27 2008, 01:12 PM
I could have bought a CPO'd 550 for price I paid for the car plus repairs.
Since I paid cash for my car, and cash for all the repairs/maintenance and aftermarket goodness, I found last night that I could have just bought a fully loaded 545i, newer and with less miles.
#24
Contributors
Joined: Oct 2008
Posts: 946
Likes: 0
From: Ft. Lauderdale, FL
My Ride: 2004 545i, Sport and Premium package, Titanium Silver with Black Dakota Leather interior
Bought my '04 545i couple months ago with 47,000 miles, 1 week out of factory warranty. Bought it from private luxury dealer. I have a buddy who works for BMW and was able to do an extended carfax inquiry for me, so I had some additional confidence regarding this car's history. I never considered extended warranty at time of purchase and one was not offered to me. I am also one of those people who rarely purchase protection plans on much of anything. From my research on this forum, an extended warranty would cost me about $3000. So I did not buy a plan and I am willing to spend $3000 to $4000 to keep her running. Any more than that and I am out. I should also mention that this is not my every day car and usually only driven on weekends. I was referred to this site for extended warranty but none was offered for my car.
http://www.autowarrantybroker.com/quoterequest.asp
http://www.autowarrantybroker.com/quoterequest.asp
#26
I bought the car from a dealer auction. I'm out of warranty as of September. I have a 04 545i which I heard has lots of problems. It has 42k miles on it. So far the only problem I had was the alternator putting too much power to the computer. It was fixed before the warranty expired. Thank god. Next car will be CPO
#28
My warranty on my 04 530i ran out on October of 07. Since then I have spent $100 on oil and filter. I have 67,000 miles now and my brakes are starting the squeak. My iDrive says they still have 20,000 miles left. I hope it's correct.
#29
Hi All
I had my 545 for a week, out of warranty, perfect timing for the pass airbag issue to occur! My dealer looked after me though, wouldn't admit there was a design problem, but took a full 70% off the invoice (go figure) I was happy with that.
This was before I could arrange the aftermarket warranty, I paid NZD $1200 (about US$800) for $10k per fault/3yrs/unlimited kms offered by the AA here in NZ, so I am covered for all but a total meltdown, and even then my car is mainstreem (ie not an M5) so $10k would go a long way to fixing it. I am allowed muliple faults also.
The way I see it I am betting the insurer that it won't break - I am mainly concerned about a big electronic problem etc.
These warranties work well in New Zealand, I had a POS Volvo (V70 turbo - we had a new child figured I needed a family car, had some great features but what was I thinking?? mate, even the volvo forum members were mostly weirdo's I should have known!) anyhow the AC blew up, $5k job covered by the warrenty. Sweet I can sell it and did shortly there after!
Summary, when my wifes SUV rolled out of warranty + my car, in both cases I bought aftermarket warrantys. I love insurance when you get the bong of despair! (my wife still gives me greif about that bong - 8 years ago we had a '91 M5 in the UK, coolest car ever by a mile, but it liked the workshop!)
My 2c
Cheers
Stu
I had my 545 for a week, out of warranty, perfect timing for the pass airbag issue to occur! My dealer looked after me though, wouldn't admit there was a design problem, but took a full 70% off the invoice (go figure) I was happy with that.
This was before I could arrange the aftermarket warranty, I paid NZD $1200 (about US$800) for $10k per fault/3yrs/unlimited kms offered by the AA here in NZ, so I am covered for all but a total meltdown, and even then my car is mainstreem (ie not an M5) so $10k would go a long way to fixing it. I am allowed muliple faults also.
The way I see it I am betting the insurer that it won't break - I am mainly concerned about a big electronic problem etc.
These warranties work well in New Zealand, I had a POS Volvo (V70 turbo - we had a new child figured I needed a family car, had some great features but what was I thinking?? mate, even the volvo forum members were mostly weirdo's I should have known!) anyhow the AC blew up, $5k job covered by the warrenty. Sweet I can sell it and did shortly there after!
Summary, when my wifes SUV rolled out of warranty + my car, in both cases I bought aftermarket warrantys. I love insurance when you get the bong of despair! (my wife still gives me greif about that bong - 8 years ago we had a '91 M5 in the UK, coolest car ever by a mile, but it liked the workshop!)
My 2c
Cheers
Stu
#30
Originally Posted by iCharles' post='753155' date='Dec 26 2008, 02:51 PM
My checkbook is my warranty. But I bought this car knowing what I was getting myself into.
I am like you also lol.. my checkbook is my waranty. crossing my fingers now..