Extended Warranty cost

[Greenman14]

Been posted here before, but I just got an offer to extend the warranty for £321.42 for a year. Substantially more than my fully comp insurance on the bike (and more than the bike and car together come to that).

Needless to say I shall be declining this kind offer. What's interesting, and a little concerning, is that the cost of these warranties should be a fair indicator of the reliability and repair cost of the equipment. Makes me wonder what Honda would quote for a similar warranty on a VFR?

 

[Nice 'n' Fat]

Around £130 of that will be European Breakdown cover, which you can if you wish, decline to include

 

[dashfixer]

Was this a BMW extended warranty and does it cover everything, or is it one of those that only covers your engine blowing up?

 

[Greenman14]

It seems to be a simple extension of the manufacturer's warranty. There is an option, no doubt at extra cost, to take "BMW Insured Emergency Service" which includes UK and European breakdown.

 

[Nice 'n' Fat]

The £321 will be with a £50 excess. For £365 ish the excess is ZERO. For £280 something the excess is £100

Check again. I think you will find that the £321 includes European Assistance

 

[Mad_Accountant]

The £321 will be with a £50 excess. For £365 ish the excess is ZERO. For £280 something the excess is £100

Check again. I think you will find that the £321 includes European Assistance

I think it also includes travel insurance.

I shall certainly take the cover on mine when the time comes, I believe it can be paid monthly and it is transferable to a new owner which makes selling the bike much easier.

I had extended warranty on the 2nd year of my 200cc c1 in 2001/2 and in that period I had £2,500 of warranty claims.

The extended warranty does not cover corrosion, I believe.

 

[Riktus]

I think that is pretty good value - at £320.00 thats £130.00 for European Breakdown cover (which the BMW service is pretty good) leaving £190.00 for the actual warranty. I reckon that is OK. Depends on your mileage though as I seem to remember that after 30,000 miles the suspension is not covered - which could be worth considering.....

Rik

 

[Deleted account 190920001]

I never bothered to extend mine but everyone is different. I can get full EU breakdown cover for less than £60 (although I have it with my bank account) it also 100 percent ties you to dealer servicing (independent or self servicing is specifically not allowed) so add another minimum £200 and probably a lot more depending. Not worth it for me as I do my own servicing but if you use the dealer anyway then it's maybe not such a bad deal. It's insurance plain and simple and definitely not for everyone.

 

[Nice 'n' Fat]

it also 100 percent ties you to dealer servicing (independent or self servicing is specifically not allowed)

That's completely incorrect ......... This actual subject has been covered on the forum several times in the recent months. Self servicing is out but servicing by an independent is not a problem

 

[Deleted account 190920001]

The documents I was sent with the offer specifically said that it had to be serviced by an official BMW dealer and that is the only evidence I have to go on. If that is wrong then apologies but I can only go on what they sent me.

 

[JJH]

It's not a warranty but a insurance policy and that is why they can put in dealer servicing only. It's illegal under ec law to force someone into the dealer network while under warranty. It's also illegal to state that the bike must be dealer serviced. You must use genuine parts. JJH

 

[birdseye]

That isnt correct. The " block exemption" which is what you are referring to applies to cars but not to bikes.

 

[Wapping]

To seemingly back-up Marki_GSA's post. Here is a link..

http://www.motorcycleinfo.co.uk/resources/6795/assets/documents/PolicyHandbook_Motorrad_Warr_UK.pdf


If this is the current wording of the BMW Insured Warranty wording, have a look at:

Page 16

Terms and Conditions

What must I do to keep the Warranty valid?

Then read on, starting with 1....



If it's not the current wording, I apologise unreservedly, and can only suggest that everyone hunts out the current wording. Then everyone will know for sure and can stop burbling on about block exemptions or what their best mate's mate might once have heard from a bod in the pub.

There again, if any part of the wording is subsequently found to contravene UK or EU law or accepted UK / EU consumer rights and legislation, or is unrealistically onerous or unclear in its wording, then the stipulation may be set aside as void. You may though require legal help in fully establishing that... Or ask yer mate.

 

[Nice 'n' Fat]

I heard it from the fatbloke down the pub and he's never wrong

Kin ell .............. how old is that booklet?

It shows a photo of a pair of K1200R Sports which BMW dropped from their line up in about 2008?

 

[Deleted account 190920001]

That's the booklet I was referring to and it was current in 2011. Same as Wapping, if it has changed since then apologies.

 

[adventuredon]

Correct. No need for a mechanic. I have kept the e mails in case they pull a fast one..
See my post in this thread (number 12) http://www.ukgser.com/forums/showth...-purchasing-a-BMW-warranty&highlight=warranty

That's completely incorrect ......... This actual subject has been covered on the forum several times in the recent months. Self servicing is out but servicing by an independent is not a problem

 

[Wapping]

I heard it from the fatbloke down the pub and he's never wrong

Kin ell .............. how old is that booklet?

It shows a photo of a pair of K1200R Sports which BMW dropped from their line up in about 2008?

Please, by all means, shove up a link to the current policy wording.....

The underwriter has certainly changed from ELVIA to Mondial, so it's quite possible that the terms changed at the same time or some time since. Somewhat unusually for an insurance product, BMW don't seem to include the full wording on their website..

https://www.motorrad-warranty.co.uk

 

[Nice 'n' Fat]

Have a look at this thread ....... it's a nice read. It even has a post from Rasher. Where the fuck did he go?

Anyway, if you can't be arsed to read it all just cut to post 34

http://www.ukgser.com/forums/showthread.php?351243-BMW-Warranty&highlight=extended+warranty

I can't wait for the next "should I, shouldn't I, take out an extended warranty?" thread

There's bound to be another one along in about 3 weeks

 

[Wapping]

I can confirm that what my colleague told you is correct. We are in the process of having the policy handbooks updated with the new terms. You can have your motorcycle serviced by any VAT registered motorcycle dealer, as long as BMW approved parts and the right grade oil/lubricants are used, and the servicing meets the correct intervals.

That was at 04 September 2013, I guess the process is well underway and / complete by mid-February 2014.

Excellent.


PS Rasher is still around. Doing what he does best... Plugging the Alps, which to be fair, he makes a good job of.

 

[Deleted account 190920001]

Now I am not saying that post is wrong but you wonder why everyone thinks it still has to be serviced by BMW when they can't be arsed to change their own documents? So we have a copy of an email sent to a bod on the forum saying it is OK or a pretty official looking publicly available document saying it isn't OK. Odds are people are going to find the official document first?

Again apologies, obviously things change In 3 years as this appears to have.

To the op, you could go for a warranty direct who are significantly cheaper and appear to have their online policy documents up to date. On the other hand you could also do what you and me have done and say stuff it, pocket the saved cash and maybe spend it on repairs or maybe spend it on beer because nothing has actually broke.