Extended Warranty

1LegitM235i · 07-31-2015, 01:41 PM

Hey guys, just took delivery of my GS M235 yesterday and wanted to hear some thoughts on extended warranty if you bought it or not. 1L

ralawren · 07-31-2015, 01:49 PM

Tough call. You will find a lot of advice on the internet about Extended Warranties. Many auto mags recommend you invest the cost of the Extended Warranty and use it to pay for any repairs. Unfortunately, it isn't as easy to reach a 10% plus return each year and repairs of the electronics on the latest BMWs is quite expensive. The BMW Extended Warranty is a good one, and you can purchase it a few years out as long as your vehicle is still under warranty.

iainb · 08-04-2015, 12:04 PM

Would the extended warranty be backed by BMW or by a 3rd party?

If it's backed by BMW I'd be more inclined to get it, depending on cost and coverage.
If it's backed by a 3rd party, then run away.

I have a 7year/100k/$0deductible warranty on my STI. For $2k it seemed like a no-brainer given the EJ and it's backed by Subaru, essentially a bumper-to-bumper warranty.

1LegitM235i · 08-04-2015, 12:14 PM

I bought the BMW 7 year/100k miles warranty. Since this is a second generation M235i, I'm anticipating anything without having to worry about digging deep in my pockets. I hope it will be put to a good use.

SteveAustin · 08-13-2015, 11:23 AM

If you read up on Extended Warranties and look at the stats, these things rarely if ever pay for themselves - even with BMWs and Mercedes. I'm sure someone will chime in with anecdotal evidence to the contrary, but I don't believe in wasting my money on them. Essentially you are paying for repairs you have yet to incur. Self insure the risk. You'd have to have something major go wrong with something that is "covered" and that is the issue. Most of the large repairs would likely be wear and tear items and excluded. Just my advice.

07-31-2015, 01:41 PM	#1
1LegitM235i 1L 156 Rep 336 Posts Drives: 2015 Glacier Silver M235i Join Date: Jun 2015 Location: City of Crosses, NM iTrader: (0)	Extended Warranty Hey guys, just took delivery of my GS M235 yesterday and wanted to hear some thoughts on extended warranty if you bought it or not. 1L
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07-31-2015, 01:49 PM	#2
ralawren First Lieutenant 77 Rep 310 Posts Drives: 2015 228i MSport w/Trk Pkg Join Date: Jan 2010 Location: Wake Forest, NC iTrader: (0)	Tough call. You will find a lot of advice on the internet about Extended Warranties. Many auto mags recommend you invest the cost of the Extended Warranty and use it to pay for any repairs. Unfortunately, it isn't as easy to reach a 10% plus return each year and repairs of the electronics on the latest BMWs is quite expensive. The BMW Extended Warranty is a good one, and you can purchase it a few years out as long as your vehicle is still under warranty.
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08-04-2015, 12:04 PM	#3
iainb New Member 0 Rep 6 Posts Drives: '15 STI & '13 GTI Join Date: May 2014 Location: NoVA iTrader: (0)	Would the extended warranty be backed by BMW or by a 3rd party? If it's backed by BMW I'd be more inclined to get it, depending on cost and coverage. If it's backed by a 3rd party, then run away. I have a 7year/100k/$0deductible warranty on my STI. For $2k it seemed like a no-brainer given the EJ and it's backed by Subaru, essentially a bumper-to-bumper warranty.
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08-04-2015, 12:14 PM	#4
1LegitM235i 1L 156 Rep 336 Posts Drives: 2015 Glacier Silver M235i Join Date: Jun 2015 Location: City of Crosses, NM iTrader: (0)	I bought the BMW 7 year/100k miles warranty. Since this is a second generation M235i, I'm anticipating anything without having to worry about digging deep in my pockets. I hope it will be put to a good use.
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08-13-2015, 11:23 AM	#5
SteveAustin Private First Class 25 Rep 108 Posts Drives: 2014 228i Join Date: Apr 2014 Location: Portland, OR iTrader: (0)	If you read up on Extended Warranties and look at the stats, these things rarely if ever pay for themselves - even with BMWs and Mercedes. I'm sure someone will chime in with anecdotal evidence to the contrary, but I don't believe in wasting my money on them. Essentially you are paying for repairs you have yet to incur. Self insure the risk. You'd have to have something major go wrong with something that is "covered" and that is the issue. Most of the large repairs would likely be wear and tear items and excluded. Just my advice.
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