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Post by Martin on Sept 30, 2017 9:54:52 GMT
The 535d will be 3 years old next month and I've just received a letter with login details to get a quote for an extended warranty.
To get the same cover I'm used to (comprehensive, no excess, recovery) it would be £1655.62 or £163.97. That's double what Porsche charge for the Boxster!
Dropping recovery (have cover through my bank account) and going for the maximum excess of £250 reduces the cost to £915 or £93.40 a month which is a bit more reasonable. Named component is £763 and driveline only is £585.
Tempted to self insure, but there's so much that could go wrong as the mileage continues to increase, so I think comprehensive is the way I'll go.
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Post by Andy C on Sept 30, 2017 10:36:18 GMT
Is that because of your high Mileage ?
I got a quote on a 14 plate 335d with 40k and it was about £45 a month
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Post by Martin on Sept 30, 2017 10:40:17 GMT
Is that because of your high Mileage ? I got a quote on a 14 plate 335d with 40k and it was about £45 a month Yes, it jumps up significantly when the mileage is over 60k and you can't get / renew a comprehensive policy at more than 100k miles. There is a way around that though, start paying monthly before the 100k mark. |
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Post by bryan on Sept 30, 2017 12:11:03 GMT
At those prices I'd be tempted to chop it in for a new motor with warranty or self insure
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Post by Alex on Sept 30, 2017 12:31:29 GMT
If you go comprehensive you know you'll have a year of trouble free motoring whereas if you self insure you just know that by the law of sod you'll be presented with a rather big bill. I thought your car was on a three year lease, are you tempted to look at a new 5? I know there's not a 535d yet but the new 530d looks pretty good to me. Not cheap mind!
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Post by Deleted on Sept 30, 2017 13:19:25 GMT
I chose to save the money instead and didn't regret it, but it's a gamble.
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Post by racingteatray on Sept 30, 2017 13:27:12 GMT
The 535d will be 3 years old next month and I've just received a letter with login details to get a quote for an extended warranty. To get the same cover I'm used to (comprehensive, no excess, recovery) it would be £1655.62 or £163.97. That's double what Porsche charge for the Boxster! Dropping recovery (have cover through my bank account) and going for the maximum excess of £250 reduces the cost to £915 or £93.40 a month which is a bit more reasonable. Named component is £763 and driveline only is £585. Tempted to self insure, but there's so much that could go wrong as the mileage continues to increase, so I think comprehensive is the way I'll go. Wow. On the M135i, with lower mileage, it was about £450! I have a feeling that warranties on turbodiesels are more expensive than on petrols. |
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Post by Martin on Sept 30, 2017 17:41:21 GMT
If you go comprehensive you know you'll have a year of trouble free motoring whereas if you self insure you just know that by the law of sod you'll be presented with a rather big bill. I thought your car was on a three year lease, are you tempted to look at a new 5? I know there's not a 535d yet but the new 530d looks pretty good to me. Not cheap mind! That's my thinking, well the first part anyway, as I don't think the new 5 offers enough over mine to even think about changing at this point. It's made more difficult because I really don't know what to get next and I don't know how many miles I'll end up doing as my role is growing / changing. Also, the type of driving I do 90% of the time means something like an S Class or 7 series (or FF Range Rover which is the latest mad idea.....) would be ideal for me. Richard Porter has it spot on in this months Evo when he talks about buying cars that are fit for purpose. Fit for purpose for me means it has to be comfortable, quiet, decent stereo, quality interior, good range, effortless performance etc. Then there's the question about what to do with the Boxster and what Lindsay needs..... Self insuring concerns me because I'll be doing around 30k miles in the next year taking it up to 110-115k and I have the Turbo failing on the 520d at 105k miles in the back of my mind, which would be even worse as the 535d has 2 of them! |
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Post by Bob Sacamano v2.0 on Sept 30, 2017 18:16:06 GMT
Self insure, those figures are ridiculous. 120k is nothing on 5 series.
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Post by Martin on Sept 30, 2017 18:26:54 GMT
I know it should be, but my last 2 cars had costly issues at just over 100k miles. If I give them £900, I'm guaranteed a trouble free year.....
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Post by ChrisM on Sept 30, 2017 21:09:47 GMT
Your proposed initial monthly warranty cost will be more than I'm paying on PCP for a £30k+ car !
Don't BMW have any confidence in the durability of their cars ??
To my mind, it's not in year 4 that you may need warranty but in years 7 or 8 onwards...... for how many more years do yo intend keeping the car, and if you don't take out extended warranty now, can you take it out again in the future?
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Post by Martin on Sept 30, 2017 21:39:43 GMT
I appreciate some things are time dependant, but it really depends on the mileage surely? If I kept it for 7-8 years it would have done 250k miles and I'm not sure any warranty company would touch it!
I won't be keeping it any longer than another year.
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Post by Andy C on Oct 1, 2017 11:21:02 GMT
Is that because of your high Mileage ? I got a quote on a 14 plate 335d with 40k and it was about £45 a month Yes, it jumps up significantly when the mileage is over 60k and you can't get / renew a comprehensive policy at more than 100k miles. There is a way around that though, start paying monthly before the 100k mark. Yeah I've just ran the same quote with 65k and it was £1000! Does it also work if you pay monthly before 60k, or will they ramp the direct debit up once you hit 60k? |
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Post by Martin on Oct 1, 2017 12:25:29 GMT
Not sure, all I know is that they'll let the cover run on for another year (or more) when you go past 100k if you're paying monthly as it's continuation rather than a new policy.
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Post by ChrisM on Oct 1, 2017 12:29:43 GMT
If you're going to change it within the next year, I'd play lottery and not bother with extended warranty especially as you know the car's history... unless you already suspect a forthcoming issue
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Post by PG on Oct 1, 2017 13:14:03 GMT
Do you own the 535d or is it on PCP, I can't remember? IN either case, I think some serious man maths is required.
One years warranty = £1655
One years depreciation as it runs past 100k is ??
Can you service pan be extended? If so how much is that a year?
Compared to potential costs of higher depreciation on a new vehicle, but no warranty costs and likely to be able to negotiate servicing deal too.
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Post by Martin on Oct 1, 2017 13:28:58 GMT
Man maths would have me in a new car quite easily!
I think the £900 option is the way to go, £1600 is rediculous, I would self insure if that was the only option. I've only just spent £650 on a service and £850 on 4 new tyres, so there shouldn't be any other costs in the next 18-19k miles / 8-9 months. The other man maths calculation is that the warranty is 'free' as I've got more than £900 tucked away because running costs have been lower than I budgeted....
It's on a PCP and normal maths says keeping it at another 12 months is definitely the lowest cost option. It's not like it looks or feels tired either and I still enjoy driving it. That's based on swapping like for like, which won't happen, I'll end up spending more....
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Post by Deleted on Oct 1, 2017 13:42:47 GMT
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Post by Deleted on Oct 1, 2017 14:54:56 GMT
We get the cars MOTD and serviced at the same time. They charge more than a local, but it all gets done in one day, so the time saving is more than worth it.
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Post by Martin on Oct 1, 2017 19:15:06 GMT
Exactly, the less messing around the better. I'm getting the MOT done on Friday when it's in for the replacement steering wheel, it's a few weeks early, but within the month so I'm not losing out. Cost is £40 iirc.
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Post by Deleted on Oct 1, 2017 20:02:08 GMT
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Post by Bob Sacamano v2.0 on Oct 2, 2017 7:38:30 GMT
My car is 3 next month, too. Annoyingly it is now crying for a service, so I'll have to get that done just before the MOT (I'm not paying Audi to do it, I can get an MOT for £25 round the corner). If you're only keeping it another year I'd definitely not consider a warranty. If anything did go wrong you've had the car from new and had it serviced at the right intervals by an Approved BMW dealer so there would be a considerable amount of goodwill from BMW towards any repairs. |
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Post by PetrolEd on Oct 2, 2017 9:25:46 GMT
740d Xdrive M sport? I think a few dealers had pre reg/ex demo ones for £50k last time I looked. A lot of car for the money, just don't mention depreciation.
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Post by johnc on Oct 2, 2017 11:53:14 GMT
I've just taken the extended warranty for mine - £417 a year fully comprehensive with breakdown recovery but a £250 excess. It was about £140 more for £100 excess and nearly £200 more for no excess. Given my last car's performance, I didn't claim in the first 3 years, so I hope this is the right decision.
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Post by racingteatray on Oct 2, 2017 12:08:13 GMT
To my mind, it's not in year 4 that you may need warranty but in years 7 or 8 onwards...... All I'll add to this is that in the first three years of owning my M135i, absolutely nothing went wrong at all.
In the fourth year, when I had taken out the extended warranty (with £100 excess), it suffered a failed passenger front electric window motor, a failed air-conditioning unit and some sort of valve failed in the engine plumbing that caused it to conk out at low revs. All were fixed under the warranty and because the window and valve were reported at the same time, I got them fixed on the same ticket so only paid the £100 excess once.
So the warranty (£400ish) easily paid for itself a couple of times over.
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Post by Martin on Oct 2, 2017 19:39:43 GMT
740d Xdrive M sport? I think a few dealers had pre reg/ex demo ones for £50k last time I looked. A lot of car for the money, just don't mention depreciation. If I had to get a car now, a 740d would be pretty near the top of the list. Buying new isn't as mad as you'd think, with a £20k discount and 0% finance. There is a fully loaded 750i M Sport (M Sport Exhaust, Executive Drive Pro, Laser lights, rear entertainment, HUD, Surround etc etc) for £55k that is really rather tempting. But I'm keeping the 535d for another year...... |
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Post by ChrisM on Oct 2, 2017 21:16:46 GMT
^
Don't you need an estate/"tourer" any more?
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Post by Martin on Oct 3, 2017 5:24:21 GMT
I didn't need one when I chose the 535d. It drove and looked better, the extra practicality was (and had been) a useful bonus but if we end up with a hatchback we'll be fine.
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Post by ChrisM on Oct 3, 2017 7:23:46 GMT
Will they make a 7-series hatchback specially for you ?? |
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Post by Bob Sacamano v2.0 on Oct 3, 2017 7:53:18 GMT
Will they make a 7-series hatchback specially for you ?? BMW marketers are looking at that niche as we speak. |
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