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Warranty renewal

S

Spud

Active member
Doncaster
Hi

If I renew my warranty on a monthly basis (£80/month) will they review the price for my Z4M after a year? Has anyone passed 60k miles and/or 1 year of monthly warranty with a Z4M?

Want to know if the cost will shoot up with the monthly one or not. If it will, I may as well buy the annual one. (I'm likely to hit 60k miles in the next year.)

Thanks
 
Also: can I transfer the monthly warranty/cost to a private buyer upon resale? I know you can for annual ones as I did it with my last car.
 
Hmm, seems the answer is here: http://www.pistonheads.com/gassing/topic.asp?t=679032

?
 
The answer is within the warranty documents too.

That PH post is from 2009 (from about the same time I took out my monthly policy), and the current online version of the warranty documents state the monthly one cannot be transferred and BMW will review the premium on an annual basis (for the monthly policy).

Mine's been continuous since 2009, and I believe the terms can't be changed unilaterally, so mine stays at the £80/month.

However, a recent quote I did for a new warranty buyer, for my car, was over £200/month.

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Did a similar quote for a lower mileage, younger model too, and it was still expensive.

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The small print at the bottom infers the premium may increase annually.
 
Thanks. I plan on keeping the car for another 12 months, give or take 3 months either side maybe.

Do you think I should go for annual or monthly?
 
Spud said:
Thanks. I plan on keeping the car for another 12 months, give or take 3 months either side maybe.

Do you think I should go for annual or monthly?
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Annual is cheaper, and transferable, so could be a positive sales point if you sell it before your 12 months are up.

I'm thinking about cancelling mine as I've had an engine & diff out of them already, and the gearbox seems quite strong still, so it doesn't look like I'll need anything out of it in the short term.

But then I think it's 'only' £80 a month for peace of mind - although less peace of mind since it's on 71,000 miles and less items are covered.
 
So if it's definitely non-transferable anymore I gain nothing by doing it monthly? (That I can tell?)
 
Spud said:
So if it's definitely non-transferable anymore I gain nothing by doing it monthly? (That I can tell?)
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The terms says it's non-transferable, but I've no first-hand experience of the new T&Cs.

All you gain by doing it monthly, is that you don't have to pay the premium from the moment you decide you don't want it. So you could decide against it (or sell up) after 3 months and have saved 9 months worth of premiums that you'd have paid out on an annual policy.
 
Yeah, that's all I could think of. But, obviously, you could try and factor that into a sale price - whether it would have much effect, I don't know.
 
Spud said:
Yeah, that's all I could think of. But, obviously, you could try and factor that into a sale price - whether it would have much effect, I don't know.
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Warranty will help it sell, but won't add any premium to the price - just as a lot of factory options like sat-nav, extended leather, etc.
 
My old car had monthly warranty and they advised it could be transferred to new owner.

This was approx 12 months go.
 
srhutch said:
My old car had monthly warranty and they advised it could be transferred to new owner.

This was approx 12 months go.
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That's the way it always was, so I don't know when the new T&Cs came into force (including the new one about being able to take it to an independent for servicing as long as you use genuine parts), or whether they're just not enforcing them?
 
£1000 a year? Why not self-insure? Surely Z4s are reliably enough to cost you 'on average' less than £1000 a year in failures?
 
DR-Z said:
£1000 a year? Why not self-insure? Surely Z4s are reliably enough to cost you 'on average' less than £1000 a year in failures?
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A lot on here (me included) would disagree. My warranty was £980 with £100 excess and I've had £2300+ out of it so far. New steering column, 3 PDC sensors and a PDC module
 
DR-Z said:
£1000 a year? Why not self-insure? Surely Z4s are reliably enough to cost you 'on average' less than £1000 a year in failures?
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Me too.

£13k for engine, VANOS and ancillaries.
£2k for diff
OSF wheel hub
two visits for PDC sensors
Wiper relay module & recoding

Only paid for 3 years of extended warranty.

No springs though, but I replaced them at 50,000 miles as a matter of course, along with some suspension bushes, also had no lambda/O2 sensor failures.
 
OMG - what have I bought? I've had BMWs for years, never had any serious outlays - are you saying Z4s are especially unreliable?
 
DR-Z said:
OMG - what have I bought? I've had BMWs for years, never had any serious outlays - are you saying Z4s are especially unreliable?
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Not at all, but there are some common problems (sticky steering, roof motor etc) that can cost a lot. These are premium brand cars with some big ticket parts in them if they go bang. A warranty is an insurance policy. You hope you'll never need it but are glad of it when you do. Remember, you'll read about problems on here, not that someone drove a week without a problem
 
Am I correct in thinking that a dealer warranty (when you buy the car through a BMW dealer they give you 12 months and you can extend to 24) IS transferable? Not heard otherwise.
 
mmm-five said:
DR-Z said:
£1000 a year? Why not self-insure? Surely Z4s are reliably enough to cost you 'on average' less than £1000 a year in failures?
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Me too.

£13k for engine, VANOS and ancillaries.
£2k for diff
OSF wheel hub
two visits for PDC sensors
Wiper relay module & recoding

Only paid for 3 years of extended warranty.

No springs though, but I replaced them at 50,000 miles as a matter of course, along with some suspension bushes, also had no lambda/O2 sensor failures.
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What were your symptoms for the diff to be replaced?
 
jamiez said:
What were your symptoms for the diff to be replaced?
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I didn't notice anything, but was picked up by the dealer when it was in for a service - so might have simply been a case of them fishing for work and then realising it was under warranty when I told them to go ahead with it :P
 
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