THE LARGEST BMW 2-SERIES FORUM ON THE PLANET
2Addicts
2Addicts
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
2Addicts | BMW 2-Series forum BIMMERPOST Universal Forums General BMW News and Cars Discussion BMW Used Car Warranties?

Post Reply
 
Thread Tools Search this Thread
      06-08-2021, 10:31 AM   #1
rw74
Registered
1
Rep
2
Posts

Drives: BMW 550i
Join Date: Jun 2021
Location: Pittsburgh

iTrader: (0)

BMW Used Car Warranties?

My son just bought a 2008 BMW 550i. He saved up and it was the first car he wanted to buy. My wife and I have always leased BMWs so we knew the repair bills would be expensive. However, after only a few months it seems like the guy we bought it from gave us false papers on the repairs he had done. It looks like there may be issues on the horizon with the Brake Vacuum and Alternator Mount Bracket Leaking.

I looked into some used car warranties, but I'm not sure if they are worth the monthly price. I'm afraid I'll pay all this money and when something goes they'll say everything is covered "but that repair!"

Does anyone have experience or thoughts?

This is my first post too so thanks in advance!
Appreciate 0
      06-08-2021, 10:35 AM   #2
fiveohwblow
Captain
fiveohwblow's Avatar
United_States
1769
Rep
935
Posts

Drives: E70, E46 M3, F82
Join Date: May 2016
Location: Desert SW

iTrader: (0)

Subscribing as I’m genuinely interested as well. I don’t find the $200 month-ish car shield a smart move when that’s a little less than half a new commuter car monthly payment. I would love to know what good options exist to pay say 2k or $2,500 and have maybe another 40-50,000 miles. Of course I expect deductibles etc but… I was finding more along the lines of 5-7k and that was beyond silly to me.
Appreciate 0
      06-08-2021, 10:46 AM   #3
TAZ007
Captain
TAZ007's Avatar
363
Rep
762
Posts

Drives: 2015 M235 Vert
Join Date: May 2021
Location: Texas

iTrader: (0)

Garage List
2015 M235 Vert  [0.00]
Quote:
Originally Posted by rw74 View Post
My son just bought a 2008 BMW 550i. He saved up and it was the first car he wanted to buy. My wife and I have always leased BMWs so we knew the repair bills would be expensive. However, after only a few months it seems like the guy we bought it from gave us false papers on the repairs he had done. It looks like there may be issues on the horizon with the Brake Vacuum and Alternator Mount Bracket Leaking.

I looked into some used car warranties, but I'm not sure if they are worth the monthly price. I'm afraid I'll pay all this money and when something goes they'll say everything is covered "but that repair!"

Does anyone have experience or thoughts?

This is my first post too so thanks in advance!
They are generally not worth the paper they are printed on. Besides the hefty monthly payment, there are deductibles which mean you are out of pocket more than the insurance is worth. As far as coverage goes, in my experience, not every item is listed on the terms and there is often fine print that excludes items not specifically mentioned. I advise going line by line through the terms to ensure what you want covered is not excluded. If there is ambiguity, the insurance company will say it is not covered. Hope it helps and good luck. I empathize with your situation.
Appreciate 0
      06-08-2021, 10:49 AM   #4
rw74
Registered
1
Rep
2
Posts

Drives: BMW 550i
Join Date: Jun 2021
Location: Pittsburgh

iTrader: (0)

The ones I checked were roughly $120 a month and were ambigious covering engine, transmission, drive shaft.
Appreciate 0
      06-08-2021, 11:19 AM   #5
Vivek.
Major
962
Rep
1,106
Posts

Drives: 335is coupe, e30 vert
Join Date: Aug 2020
Location: Los Gatos, California

iTrader: (0)

The PO of one of my cars used Route 66. Cost a few thousand up front for 60k/3 years of coverage. Has already paid for itself as they covered a DCT replacement in full--based on what he's described it sounds worth it. I haven't had to use it yet.

FWIW this is a friend of mine as well, not some random guy I bought a car from
__________________
Quote:
Originally Posted by relative4 View Post
My wife would give me so much head if I did that.
2013 335is Mineral/Coral - DR 6466 - DR Mani - PI - Motiv FF - Dodson Clutches - OEM CF Roof - M3 GTS DCT/LSD/DS/Halfshafts/Suspension/Subframe/Brakes/Chassis Bracing F+R - DEFIV Diff Brace - 437M/R888R
1990 535i - 1992 318i Convertible - 2002 540i/6
Appreciate 1
      06-08-2021, 11:26 AM   #6
wpw
Enlisted Member
3
Rep
30
Posts

Drives: M2
Join Date: Jun 2021
Location: DMV

iTrader: (0)

Appreciate 0
      06-08-2021, 11:50 AM   #7
carseatsm5
Enlisted Member
78
Rep
42
Posts

Drives: 2020 M5
Join Date: Feb 2021
Location: CA

iTrader: (0)

I’m frankly surprised there are even warranty options for that car. A couple hundred a month seems kind of reasonable to me, but I hope you prove me wrong. Following to see if people come up with something better.
Appreciate 0
      06-08-2021, 03:09 PM   #8
XMetal
Colonel
XMetal's Avatar
United_States
734
Rep
2,587
Posts

Drives: Anything
Join Date: Apr 2010
Location: SoCal

iTrader: (0)

Garage List
2008 Z4M Coupe  [0.00]
2018 Audi S3  [0.00]
2004 X5  [3.50]
I would only consider a used car warranty as insurance against engine/transmission failure. Whether it is worth it or not - only you can decide. Outside of that, I would not bother. There are lots of fine prints, so there's always some "gotcha" that they can weasel themselves out of paying for the needed repair. Oh...and you can't get something fixed unless it has actually failed. So if you hear your starter grinding away for mercy as it's about to fail, guess what? You can't preemptively replace it using the warranty claim - you'll have to wait until that inopportune time when it has actually failed for it to be covered. For that, I would rather just pay as I go and put my money into preventative maintenance. That way, I will be in control of what I want to spend on repairs rather than letting someone else say/decides what I can or cannot repair with my own money - just my 2cents.
Appreciate 0
      06-08-2021, 08:59 PM   #9
F30lolz
I can haz cheezburger?
F30lolz's Avatar
United_States
4392
Rep
2,832
Posts

Drives: 09 335i/11 CTS Coupe/15 428 GC
Join Date: Apr 2015
Location: Miami, FL/Shelbyville, IN

iTrader: (0)

Garage List
2011 CTS Coupe  [0.00]
2009 335i  [0.00]
2015 428 GC  [0.00]
Quote:
Originally Posted by rw74 View Post
My son just bought a 2008 BMW 550i. He saved up and it was the first car he wanted to buy. My wife and I have always leased BMWs so we knew the repair bills would be expensive. However, after only a few months it seems like the guy we bought it from gave us false papers on the repairs he had done. It looks like there may be issues on the horizon with the Brake Vacuum and Alternator Mount Bracket Leaking.

I looked into some used car warranties, but I'm not sure if they are worth the monthly price. I'm afraid I'll pay all this money and when something goes they'll say everything is covered "but that repair!"

Does anyone have experience or thoughts?

This is my first post too so thanks in advance!
The N62 isn’t well known for being reliable. IMHO I would try Car Shield and see what their quote would be for powertrain at least. Make sure gaskets, coolant parts, trans and some key electrical components are covered. Also, good time for you and your son to bond by doing some preventative maintenance together such as replacing spark plugs, coil packs, filters, etc...

My mechanical skills suck but YouTube taught me how to do plugs and coils on my e90 and f36.
__________________
Quote:
Originally Posted by RaptorKTM View Post
So there is actually more of a chance to get more hp out of a 330 then a 335 in my opinion
Quote:
Originally Posted by Wmf80 View Post
Seems like ur out of touch with baseball a bit. A few years behind.
You didnít know who Hader was. And Kershaw is a mess in the playoffs. No thanks
Appreciate 0
      06-10-2021, 12:18 PM   #10
OnlyGerman
Captain
OnlyGerman's Avatar
215
Rep
888
Posts

Drives: F15, F10, E60
Join Date: Jul 2019
Location: Sunshine State

iTrader: (0)

No decent warranty will cover a 550i, especially any for seals and gaskets ,which what you want coverage for on a n62Sell the car, it is a money pit and a horrible first car. It has never ending oil and coolant leaks. A 2008-2010 528 is a better choice for first car.
Appreciate 0
      06-10-2021, 12:19 PM   #11
OnlyGerman
Captain
OnlyGerman's Avatar
215
Rep
888
Posts

Drives: F15, F10, E60
Join Date: Jul 2019
Location: Sunshine State

iTrader: (0)

Quote:
Originally Posted by fiveohwblow View Post
Subscribing as I'm genuinely interested as well. I don't find the $200 month-ish car shield a smart move when that's a little less than half a new commuter car monthly payment. I would love to know what good options exist to pay say 2k or $2,500 and have maybe another 40-50,000 miles. Of course I expect deductibles etc but… I was finding more along the lines of 5-7k and that was beyond silly to me.
Monthly payment warranty are usually junk
Appreciate 0
      06-10-2021, 12:20 PM   #12
OnlyGerman
Captain
OnlyGerman's Avatar
215
Rep
888
Posts

Drives: F15, F10, E60
Join Date: Jul 2019
Location: Sunshine State

iTrader: (0)

Quote:
Originally Posted by F30lolz View Post
Quote:
Originally Posted by rw74 View Post
My son just bought a 2008 BMW 550i. He saved up and it was the first car he wanted to buy. My wife and I have always leased BMWs so we knew the repair bills would be expensive. However, after only a few months it seems like the guy we bought it from gave us false papers on the repairs he had done. It looks like there may be issues on the horizon with the Brake Vacuum and Alternator Mount Bracket Leaking.

I looked into some used car warranties, but I'm not sure if they are worth the monthly price. I'm afraid I'll pay all this money and when something goes they'll say everything is covered "but that repair!"

Does anyone have experience or thoughts?

This is my first post too so thanks in advance!
The N62 isn't well known for being reliable. IMHO I would try Car Shield and see what their quote would be for powertrain at least. Make sure gaskets, coolant parts, trans and some key electrical components are covered. Also, good time for you and your son to bond by doing some preventative maintenance together such as replacing spark plugs, coil packs, filters, etc...

My mechanical skills suck but YouTube taught me how to do plugs and coils on my e90 and f36.
N62 is not a DYI Motor for any amateur. Even experienced bmw master techs have trouble with this motor and their complicated leaks
Appreciate 0
      06-10-2021, 12:22 PM   #13
OnlyGerman
Captain
OnlyGerman's Avatar
215
Rep
888
Posts

Drives: F15, F10, E60
Join Date: Jul 2019
Location: Sunshine State

iTrader: (0)

Quote:
Originally Posted by Vivek. View Post
The PO of one of my cars used Route 66. Cost a few thousand up front for 60k/3 years of coverage. Has already paid for itself as they covered a DCT replacement in full--based on what he's described it sounds worth it. I haven't had to use it yet.

FWIW this is a friend of mine as well, not some random guy I bought a car from
Route 66 will not cover a 13yr old bmw
Appreciate 0
      06-10-2021, 01:34 PM   #14
Vivek.
Major
962
Rep
1,106
Posts

Drives: 335is coupe, e30 vert
Join Date: Aug 2020
Location: Los Gatos, California

iTrader: (0)

Quote:
Originally Posted by OnlyGerman View Post
Route 66 will not cover a 13yr old bmw
Do you know what their limit is? Mine's a 2013 and it's covered.
__________________
Quote:
Originally Posted by relative4 View Post
My wife would give me so much head if I did that.
2013 335is Mineral/Coral - DR 6466 - DR Mani - PI - Motiv FF - Dodson Clutches - OEM CF Roof - M3 GTS DCT/LSD/DS/Halfshafts/Suspension/Subframe/Brakes/Chassis Bracing F+R - DEFIV Diff Brace - 437M/R888R
1990 535i - 1992 318i Convertible - 2002 540i/6
Appreciate 0
      06-11-2021, 05:08 AM   #15
F30lolz
I can haz cheezburger?
F30lolz's Avatar
United_States
4392
Rep
2,832
Posts

Drives: 09 335i/11 CTS Coupe/15 428 GC
Join Date: Apr 2015
Location: Miami, FL/Shelbyville, IN

iTrader: (0)

Garage List
2011 CTS Coupe  [0.00]
2009 335i  [0.00]
2015 428 GC  [0.00]
Quote:
Originally Posted by OnlyGerman View Post
N62 is not a DYI Motor for any amateur. Even experienced bmw master techs have trouble with this motor and their complicated leaks
I only suggested the OP and his son to do a spark plug/coil pack change and filters (air) for basic maintenance, not do a complete tear down. This can be done at home.

__________________
Quote:
Originally Posted by RaptorKTM View Post
So there is actually more of a chance to get more hp out of a 330 then a 335 in my opinion
Quote:
Originally Posted by Wmf80 View Post
Seems like ur out of touch with baseball a bit. A few years behind.
You didnít know who Hader was. And Kershaw is a mess in the playoffs. No thanks
Appreciate 1
      06-14-2021, 09:41 AM   #16
Jszy25
New Member
2
Rep
6
Posts

Drives: 1999 M3
Join Date: Jun 2021
Location: NY

iTrader: (0)

Quote:
Originally Posted by TAZ007 View Post
They are generally not worth the paper they are printed on. Besides the hefty monthly payment, there are deductibles which mean you are out of pocket more than the insurance is worth. As far as coverage goes, in my experience, not every item is listed on the terms and there is often fine print that excludes items not specifically mentioned. I advise going line by line through the terms to ensure what you want covered is not excluded. If there is ambiguity, the insurance company will say it is not covered. Hope it helps and good luck. I empathize with your situation.
^ agreed, with all of this.
Appreciate 1
TAZ007362.50
      06-19-2021, 10:14 AM   #17
deathwish
Private
6
Rep
61
Posts

Drives: 2010 335D Sport iDrive
Join Date: Jul 2010
Location: New York, USA

iTrader: (0)

Exclamation

Quote:
Originally Posted by rw74 View Post
....I looked into some used car warranties, but I'm not sure if they are worth the monthly price. I'm afraid I'll pay all this money and when something goes they'll say everything is covered "but that repair!"
I say go with your gut instinct.TAZ007 said it best when he said that they generally aren't worth the paper they are printed on.
Maybe just put $200/month away in an account for your son. It will likely serve him better than a third party warranty.
Appreciate 1
TAZ007362.50
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 01:12 AM.




2addicts
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST