Click to go to Forum Home Click to go to maXbimmer Home

Go Back   maXbimmer Forums > maXimum Tech > 3 Series > E90/E91/E92/E93
User Name
Password


Welcome to Maxbimmer.com!

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

Reply
 
Thread Tools Rate Thread Display Modes
Old 02-03-2011, 12:24 PM   #1
razor_ro
1st Gear Newbie
 
Join Date: Feb 2011
Location: Ontario, Canada
Posts: 14
Question BMW Coverage One Extended Warranty ULTIMATE Coverage - NEW vs USED Policy's

Hi guys,
I have a 2009 BMW 335i xDrive Coupe with approx. 70,000kms. My warranty expires in 10,000kms (or October 2012). I am looking into purchasing the BMW Extended Warranty ULTIMATE Coverage (which is really third party by Coverage One) but I have been getting multiple prices from different dealers.

Apparently there is a NEW and USED car policy. The dealer said the two policies are identical in terms of coverage and the difference in price between the 2 is about $200. The USED policy is less of course, but if I purchase it now, the kmís get added on to my current mileage (~70,000kms), where if I purchase the NEW policy, the kmís get added on to the end of my current warranty (80,000kmís).

I was advised by the business manager from one of the dealers to wait until my current mileage almost reaches 80,000kmís and purchase the USED policy.

I just think it all sounds fishy.

Hopefully someone can shed some light on this extended warranty, my mileage is approximated to reach 80,000kms in about 1.5 - 2 months (I drive on the highway a lot), and I plan on keeping the car for at least 2-3 years, maybe trade it in later on or possibly keep it indefinitely.

Also, if you have some info/experience on Coverage One, please do tell.

NEW policy details:
$4900 taxes included
$50 deductible (waived if purchased and taken to the dealer the warranty was purchased)
3 additional years and extra 80,000kms added on to 80,000kms (which would be October 2015 and 160,000kms)

USED policy details:
$4770 taxes included
$50 deductible (waived if purchased and taken to the dealer the warranty was purchased)
4 additional years and extra 80,000kms to current mileage (if purchased now which would be February 2015 and 150,000kms)

Thanks,

Rolando
razor_ro is offline   Reply With Quote
Old 02-03-2011, 01:53 PM   #2
slemmer
Driving in the fast lane
 
slemmer's Avatar
 
Join Date: Dec 2002
Location: Missed in 'sauga
Posts: 2,991
I had that coverage when I bought my '99 e36. Good for two years but never put in a single claim. If you want piece of mind like I did since I don't know what could happen to a ten year old car then go for it. If your car has been reliable all along and you checked around to see what common things may go wrong and it's cost to fix then it may be in your best interest to keep your hard earned $ in your pocket.
__________________

'04 645cic
'05 GMC Sierra SLT Z71 CCSB 4x4
'02 Regal LS
'00 740i Sport
slemmer is offline   Reply With Quote
Old 02-04-2011, 05:31 PM   #3
blupilot001
1st Gear Newbie
 
Join Date: Nov 2009
Location: Markham
Posts: 11
It is NOT fishy.. The business manager is indeed correct. Somehow, Coverage One made these 2 coverages very illogical in comparsion (the used one is by far the better of the two since you get 1 more year of coverage). Given these choices, I would wait until the last moment (ie. when your car reaches just about 80,000 km) before signing the papers. And yes, I bought the Used Policy for mine.
blupilot001 is offline   Reply With Quote
Old 04-15-2011, 11:33 AM   #4
razor_ro
1st Gear Newbie
 
Join Date: Feb 2011
Location: Ontario, Canada
Posts: 14
so far i got quoted for $4300 taxes included for the ultimate 4yr/80,000km ... i'm at almost $78,000km on my 2009 335i xDrive Coupe....

i am debating if i should sell the car (and buy a new one???) or buy the extended warranty... the problem is i put on about 800-1000km per week! yup thats right

any suggestions? plus the price of the warranty... is it good?
razor_ro is offline   Reply With Quote
Old 04-15-2011, 12:14 PM   #5
damameke
6th Gear Member
 
Join Date: Dec 2008
Location: Canada
Posts: 1,371
tough call..

I would ask myself.. what is the most expensive repair for the car..(wastegate/turbo unit) besides the regular maintenance... the HPFP warranty is extended to 10 years, isnt it? so that cost is covered.

so would I sleep better if i put that $4500 in a repair account?
damameke is offline   Reply With Quote
Old 04-19-2011, 06:39 PM   #6
circus_boi
1st Gear Newbie
 
Join Date: Apr 2011
Location: Toronto
Posts: 1
Hi there. Sorry to hi-jack (sort of) the thread but I am in a similar bind. My 2007 335i has come off the original 4-year warranty/free-maintenance. As I only have 30K on the car (after 4 years) and not necessarily intending to keep for many more years, I asked for the shortest term possible, which is a 2-year term. I was given the following quotes for an Extended Warranty called "CoverageOne Ultimate" in the $2K range (with $100/$200 deductible).

I have a few questions, if I may. Firstly, are these quotes the same across dealerships? For those who have bought this coverage before, do you find that dealers try to find exclusions on the coverage so you end up paying for the repairs anyway/

On a related note, does anyone know if BMW Canada offers an extension to the no-free maintenance coverage? In effect, can I prepay a set fee and get 'free' maintenance for the term of the coverage? The dealer told me 'no', though I see that this is offered in the US, possibly?

Am faced with the prospect of having to pay for BOTH regular maintenance AND repairs for the 1st time in four years, so am a bit nervous and would appreciate any help/feedback! Many thanks in advance!
circus_boi is offline   Reply With Quote
Old 05-10-2011, 03:46 PM   #7
razor_ro
1st Gear Newbie
 
Join Date: Feb 2011
Location: Ontario, Canada
Posts: 14
just an update, i ended up buying the extended warranty for ~$4170 for the ultimate 4yr/80,000km additional and $50 deductible.

my warranty now expires on May 9, 2015 or 159,987km, whichever comes first.

hopefully i dont need to use it, but atleast i can now sleep good
razor_ro is offline   Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -4. The time now is 08:52 AM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.