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Post by Martin on Jun 10, 2020 8:10:08 GMT
I've been sent the login details to get a quote for an extended warranty on the BMW.
They want £2,291 a year or £233 a month with £0 excess and changing to the maximum excess of £250 it's £1,398 or £145 a month.
My plan was to keep the car below 60,000 miles by the time it was 3 years old because I knew it would push the cost right up and I was right, just checked what it would be and it's £3,092 or £314 a month.
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Post by Bob Sacamano v2.0 on Jun 10, 2020 8:20:58 GMT
At those sort of figures I'd be putting the money away in a rainy day fund of my own. There's a very good chance you'd never need to use it and the money would be yours at the end of the year.
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Post by racingteatray on Jun 10, 2020 8:26:37 GMT
It hasn't been faultlessly reliable though has it? And both my last BMW and the current one threw up their first faults during their fourth year of life, so I'd go for the £250 excess version, which looks like a no-brainer. It's £900 quid cheaper, meaning you'd need four separate claims in one year before it cost you more than the £0 excess version.
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Post by racingteatray on Jun 10, 2020 8:27:10 GMT
And not pay monthly obviously.
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Post by Martin on Jun 10, 2020 8:49:24 GMT
It hasn't been faultlessly reliable though has it? And both my last BMW and the current one threw up their first faults during their fourth year of life, so I'd go for the £250 excess version, which looks like a no-brainer. It's £900 quid cheaper, meaning you'd need four separate claims in one year before it cost you more than the £0 excess version. No, not fault free unfortunately as it's had an oil leak on the turbo pipe and still has a very slow water leak which I've not been able to take it in for. I think there's too much technology to risk self-insuring. |
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Post by Tim on Jun 10, 2020 8:58:26 GMT
I think there's too much technology to risk self-insuring. This is the bit that could be the biggest downfall. I'd go fro the £250 excess version as well. |
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Post by Andy C on Jun 10, 2020 9:32:30 GMT
What’s the man maths on changing to a newer m5 or b5 ?
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Post by PetrolEd on Jun 10, 2020 9:39:09 GMT
Wow, that almost another car payment just for the warranty. The tech is the worry I had with the Volvo when it just hit 3 years old, mechanically I had no fears but the cost of fixing electrics fill be with fear. The cost to extend that was only £400 for the year though.
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Post by garry on Jun 10, 2020 9:50:39 GMT
Doesn’t your man maths get you into a new car at this point? 😀
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Post by Martin on Jun 10, 2020 9:57:49 GMT
What’s the man maths on changing to a newer m5 or b5 ? Fairly easy on an M5. The depreciation would be less than mine which would offset the additional servicing costs, so it would end up being slightly cheaper. However, it would give me less space which just wouldn't work at the moment, I'd ideally have more as 4 adults and a baby seat is a squeeze as it is. A B5 Estate would partially solve that problem (boot, not rear space) but £80-90k+ for a used 5 series just seems crazy to me, there's still too much plastic in all the ones I've seen (needs Full Merino) and I don't like some of the styling. Not that I've given it much thought!  |
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Post by Martin on Jun 10, 2020 9:59:20 GMT
Doesn’t your man maths get you into a new car at this point? 😀 My man maths can get me into a new car at any point! |
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Post by Martin on Jun 10, 2020 10:00:40 GMT
Wow, that almost another car payment just for the warranty. The tech is the worry I had with the Volvo when it just hit 3 years old, mechanically I had no fears but the cost of fixing electrics fill be with fear. The cost to extend that was only £400 for the year though. £400 is a lot more sensible. I thought the 535d was expensive, that was just over £1,000 but was high because it had done more than 60,000 miles (nearly 80,000 at that point) |
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Post by garry on Jun 10, 2020 11:08:37 GMT
Doesn’t your man maths get you into a new car at this point? 😀 My man maths can get me into a new car at any point! In that case I think you should use man maths to magic a Panamera turismo into your life! |
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Post by Martin on Jun 10, 2020 11:15:07 GMT
My man maths can get me into a new car at any point! In that case I think you should use man maths to magic a Panamera turismo into your life! I wouldn't get 2 x teenage boys (one is 6'3, the other rapidly approaching 6 foot) and a baby seat in the back of a Panamera. It's one for the car after next list. |
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Post by racingteatray on Jun 10, 2020 11:20:08 GMT
I forget now how much the warranty cost on the GC back in December. £500ish I think.
That's roughly what the actual car insurance costs. However, I never for a moment contemplated not buying it following my experience on the M135i which threw several wobblies in its fourth year of life.
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Post by Big Blue on Jun 10, 2020 12:42:37 GMT
In that case I think you should use man maths to magic a Panamera turismo into your life! I wouldn't get 2 x teenage boys (one is 6'3, the other rapidly approaching 6 foot) and a baby seat in the back of a Panamera. It's one for the car after next list. The back seat of a Panamera ST is far more spacious than a B5 Touring for the two outer seats and the middle bit is about equal. I've checked physically in person. Anyway - Citroen Picasso it is..... |
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Post by Martin on Jun 10, 2020 13:03:06 GMT
I wouldn't get 2 x teenage boys (one is 6'3, the other rapidly approaching 6 foot) and a baby seat in the back of a Panamera. It's one for the car after next list. The back seat of a Panamera ST is far more spacious than a B5 Touring for the two outer seats and the middle bit is about equal. I've checked physically in person. Anyway - Citroen Picasso it is..... The back seat of the 7 is more spacious and the outer seats are more comfortable than the front seats in most cars. The middle seat is the problem, especially the backrest/armrest which is firm due to it being full of seat controls and a tablet docking station. I’m trying not to be all that bothered, as I don’t have to sit there. |
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Post by Bob Sacamano v2.0 on Jun 10, 2020 13:25:06 GMT
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Post by Roadrunner on Jun 10, 2020 13:51:31 GMT
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Post by Tim on Jun 10, 2020 14:04:49 GMT
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Post by Big Blue on Jun 10, 2020 15:34:52 GMT
This has Martin's name all over it. |
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Post by racingteatray on Jun 10, 2020 15:44:14 GMT
Save for the white interior, that's rather nice and almost good value. |
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Post by Tim on Jun 10, 2020 16:01:28 GMT
Save for the white interior, that's rather nice and almost good value. There's a 2014 grey with black leather one with 52k miles for £27.5k although they hadn't introduced xDrive at that point. There's an xDrive from 2017 in Ruby Black with Cashmere Beige full Merino leather and 31k miles for £54k EDIT 3.7s to 60 for the xDrive and 610 of whatever power measurement they use plus 800Nm of torque. That'd be so funny away from the lights. |
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Post by Martin on Jun 10, 2020 16:07:53 GMT
This has Martin's name all over it. A high quality and very practical family truck, but I don't think I could live with the looks. |
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Post by PG on Jun 10, 2020 16:47:49 GMT
With the £250 excess that's bearable. And a small price to pay to sleep at night.
But it does sounds like you need to get the man maths calculator out in the next year as won't it be past 60k at the next renewal?
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Post by garry on Jun 10, 2020 17:03:32 GMT
This has Martin's name all over it. A high quality and very practical family truck, but I don't think I could live with the looks. It’s not a looker. I’ve got a soft spot for the q7. |
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Post by johnc on Jun 10, 2020 17:16:40 GMT
BMW's extended warranty prices are getting higher all the time. I think the 435D was around £450. I'm not looking forward to finding out what mine will cost in 2 year's time!
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Post by racingteatray on Jun 10, 2020 22:29:56 GMT
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Post by Martin on Jun 10, 2020 23:09:50 GMT
The 760 and B7 are nice, but only help with legroom which isn’t an issue. I’d rather have a 760, V12 engine and pretty much everything as standard, That B7 is older than mine, less well equipped and will also need a warranty, super rare though.
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Post by racingteatray on Jun 11, 2020 10:28:01 GMT
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