Extended Warrentee

[stick]

Heres one for you - Mottorrad say that they will extend ( even if it has run out) the warrentee. They say that as long as the bike has a full bmw service they will do it. (80,000 miles or 8 years old)
Has anyone had any experience of the warrentee and the breakdown cover that comes with it , as i am thinking of taking it out, and want to check how good it is from a user rather than the Mottradd agent.

Happy days

 

[Wapping]

It's a reasonably conventional extended warranty, with a simple choice of, I think, three different deductibles.

It is an insurance based product but that does not make it a bad thing per-se. So, unlike the original manufacturer's warranty -where, as it is BuMW providing all the cover so in theory BuMW can cover anything and everything if they chose to, up to and including giving you a brand new bike or your money back - the extended warranty only covers certain pre-determined and clearly specified circumstances and items.

There are alternative insurances out there in the market. You pays your money - you takes yer choice, as they say. A possible advantage of the BuMW policy is that a record of it is held on the BuMW database. So, if you have a problem, you can visit the dealer, argue the toss on coverage (if necessary) and proceed then and their with repairs. With a third party policy, you may end up talking to BuMW about the repairs (they will do them either way) and end up having a separate conversation with the insurer, leading to delays or frustration.

 

[Dainese Brave]

I was sent the details to extend my warranty when my 2 year one expired. I didn't take it up, but in hind-sight wish I had.

I think many members on here have reaped the benifits of the extended warranty period, what with all the current build quality and reliability problems.

Basically, one claim and you'll probably be getting your money back. But like any insurance it is a gamble to if it's a god-send, or a complete waste of money.....it all depends on your views on insurances I guess.

I'd think any extended warranty tied in with the original manufacturer would hold more value than any that was with a third party. I'd guess it would make it easier to fight your corner in the case of needing to make a claim

....if I had the choice again, I would take it out.....although I've not needed it

 

[littleredrooster]

...or you could go to someone like Warranty Direct and get the same cover for considerably less....

 

[Nice 'n' Fat]

Heres one for you - Mottorrad say that they will extend ( even if it has run out) the warrentee. They say that as long as the bike has a full bmw service they will do it. (80,000 miles or 8 years old)

I didn't know that ............... all the documentation I've ever had from Mondial (who administer the warranty on behalf of BMW) says that once the warranty period is up you cannot that apply to extend the warranty

 

[Nice 'n' Fat]

Has anyone had any experience of the warrentee and the breakdown cover that comes with it , as i am thinking of taking it out, and want to check how good it is from a user rather than the Mottradd agent.

I've got an extended warranty but not had cause to use it

When I took my bike into the dealer for a service earlier this year they knew from their records that the bike had an extended policy

I was told by Mondial that the breakdown cover that comes with the extended warranty was the same as given with the 2 year manufacturers warranty but with the extended warranty you can choose not to have breakdown cover as part of the policy giving you a saving if you already have that type of cover

 

[NorthernBoy]

Manufacturers seem to take a pretty good profit on warranty extensions, so you need to be aware that if you are paying say £800, you are getting something which, in effect, is only "worth" £400.

On the flip side, if you did have something go wrong when you had chosen not to extend, then they would most likely be making a decent profit on the subsequent work, too, although likely not as much.

I never take any insurance or warranty on anything that I could afford to replace myself (well, except when the law demands it), unless I think that they have the price wrong (insurance on my watch is worthwhile even if I only lose or break it once every fifteen years, which makes it a bit of bargain), so don't go with any sort of aftermarket warranty. If, though, it could mean the difference between having a broken bike that you can't afford to fix, or having a useable one, then it probably makes sense.

 

[Nice 'n' Fat]

£360 with zero excess if I remember correctly

 

[Wapping]

so you need to be aware that if you are paying say £800, you are getting something which, in effect, is only "worth" £400.

So, as the cost is under £400 it's a good deal, perhaps

 

[NorthernBoy]

So, as the cost is under £400 it's a good deal, perhaps

Er, no. If you are paying X, you are getting something that is "worth" something like x/2.

I assume that you were being obtuse, but you never can tell on this interweb thing...

 

[stick]

Heres one for you - Mottorrad say that they will extend ( even if it has run out) the warrentee. They say that as long as the bike has a full bmw service they will do it. (80,000 miles or 8 years old)
Has anyone had any experience of the warrentee and the breakdown cover that comes with it , as i am thinking of taking it out, and want to check how good it is from a user rather than the Mottradd agent.

Happy days

Have found the link which explains the type of cover offered. - if anyone wants to read.

http://www.motorrad-warranty.co.uk/Pages/Information.aspx?page=Products/NamedListed/Details.htm

 

[teamwimp]

"paying say £800, you are getting something which, in effect, is only "worth" £400".


what dastardly scheme is this? Some Machiavellian ruse to make money? The depths that some people will sink to ......................... .......

 

[NorthernBoy]

"paying say £800, you are getting something which, in effect, is only "worth" £400".


what dastardly scheme is this? Some Machiavellian ruse to make money? The depths that some people will sink to ......................... .......

I'm just saying that they tend to be pretty poor value. They make sense if you risk losing use of your bike without one, but otherwise you'll be better off in the long run just paying for repairs yourself, because the mark-up on the warranty is grater than the mark-up on any work that you'd subsequently have done (particularly if you don't insist on having BMW do things that cheaper places can do just as well).

It is the same with car ones. BMW wanted about £1,000 to extend my M3's warranty, which was just too much, so I didn't take it out.

In fact, I decided that if they were that concerned about how much work it'd need doing, I'd rather sell the thing and buy a new car instead. An overpriced warranty from the manufacturer is hardly a vote of confidence in their machines.

On the other hand, a new engine for that car was £20,000. Compared to £1,000 to protect that, £360 for the bike warranty seems to be taking the piss somewhat.

 

[Shep]

Despite two trouble free years I decided to purchase the extended warrantee, in the first year a combination of BMW's goodwill, the extended warrantee and a little luck I managed to spend nothing on the bike except on consumables.

I renewed the policy again this year and in the first month after renewal I managed to avoid another big bill, not directly via the warrantee, but BMW seem to view your commitment to purchase the extension as a commitment to their product and I'm sure my 'loyalty' to them and to the dealer (via full BMW service history) is taken into account when discussing goodwill gestures

Shep

 

[brianmaslen]

Its a game of chance, paid my £360 and six months later I was faced with a bill of £1700 for new ABS and gearbox oil leak. No contest and I have just renewed again. Sadly it didn't cover a new battery and wont cover for new disks which are starting to warp at 13k miles. Such is life!

 

[Wapping]

Its a game of chance, paid my £360 and six months later I was faced with a bill of £1700 for new ABS and gearbox oil leak. No contest and I have just renewed again. Sadly it didn't cover a new battery and wont cover for new disks which are starting to warp at 13k miles. Such is life!

Despite two trouble free years I decided to purchase the extended warrantee, in the first year a combination of BMW's goodwill, the extended warrantee and a little luck I managed to spend nothing on the bike except on consumables.

I renewed the policy again this year and in the first month after renewal I managed to avoid another big bill, not directly via the warrantee, but BMW seem to view your commitment to purchase the extension as a commitment to their product and I'm sure my 'loyalty' to them and to the dealer (via full BMW service history) is taken into account when discussing goodwill gestures

Shep

Which rather puts a different complexion on the 'Not good value for money spent' theory, I guess.

Like any insurance policy of indemnity, they are of no 'value' unless your claim is equal to (or greater than) the premium, less any 'Lack of buggering around factor' (taking the bike to another dealer, quibbling over the cost etc). That much is obvious,

Whether they are twice as expensive as they need to be (as Nothernboy hypothesises) is of course open to continuous debate. Still, it matters little if you can go out and buy a replacement M3, I suppose.

 

[NorthernBoy]

Still, it matters little if you can go out and buy a replacement M3, I suppose.

Not really. If I thought that the warranty was reasonable value, I'd have bought it. As it was, I didn't, so the expected value of risking replacing or repairing the car if it broke was less than the cost of the warranty.

It'll be the same calculation if I still have the current car at two years old. I know that the markup on the warranty extension will be greater than the expected benefit from having it, and so will have to choose then whether I'd prefer to just take the gamble, or pay up. The numbers will likely be bigger this time around, but I still assume that I'll not be extending.

This is the rational view on all insurance. If you can afford to risk it, then in the long run you'll tend to be better off by doing so. If you'd be stuck without a bike if it went bang, then this adds quite a lot to your personal value on the policy.

 

[Nice 'n' Fat]

I looked at it from the point of £5000 to change to a new bike or £360 for some piece of mind with European cover thrown in

 

[GSmonkey]

I know I'll be paying my £360 and riding around without worry for the next few years. Good luck to those that go alternate routes - I hope it works out ok.

As a tight Yorkshireman it goes against the grain to pay BMW for this, but I don't really want to haggle with third parties when my FD is sitting there in a pool of oil.

 

[bumpy]

In years 4,5 and 6 is there a rising scale of charges or is it one cost covers all?

Also is it transferrable to a new owner?