Canceled Ext. Warranty

jzcrna · 03-17-2023, 12:44 PM

I just canceled my extended warranty. I have a 2019 M2C with 7000 miles on it and getting over 4k back. Please tell me it’s a smart move.

10SecGG · 03-17-2023, 01:15 PM

It’s a smart move.

DanG · 03-17-2023, 03:01 PM

I agree it is a smart move. I always sell insure maintenance. Especially on a very low mileage car.

Humdizzle · 03-17-2023, 03:40 PM

smart move.

if you can't afford a 0.001% catastrophic issue like a CH failure get the warranty
if you can, dont get warranty, you will likely come out ahead financially

MooMooM2 · 03-17-2023, 10:12 PM

I never think ext warranty is worth it but if you barely drive the car than it really isn't worth it

jzcrna · 03-18-2023, 07:06 AM

Quote:

Originally Posted by MooMooM2

I never think ext warranty is worth it but if you barely drive the car than it really isn't worth it

I purchased the car with 4300 miles in November and now have 7000. Was keepin it nice and pristine but decided I want to drive it all the time now. That’s what its for. Worst case scenario, if a couple of bad things happen, I fix and then start working on getting something else.

jefe2000 · 03-18-2023, 09:30 AM

If you’re still unsure after reading the comments here, put something like 50% of the refund into a high-interest savings or money market account and don’t touch it. Leave it there for any repair needs that arise. If you don’t end up having any expensive repairs, you’ll literally be bucks ahead! 💰

03-17-2023, 12:44 PM	#1
jzcrna Captain 167 Rep 975 Posts Drives: 2019 M2 Competition Join Date: Mar 2008 Location: NC iTrader: (0)	Canceled Ext. Warranty I just canceled my extended warranty. I have a 2019 M2C with 7000 miles on it and getting over 4k back. Please tell me it’s a smart move.
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03-17-2023, 01:15 PM	#2
10SecGG Lieutenant 504 Rep 532 Posts Drives: 2023 BMW G82 X-Drive, Join Date: Dec 2021 Location: Texas iTrader: (1)	It’s a smart move.
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03-17-2023, 03:01 PM	#3
DanG Major General 10704 Rep 6,946 Posts Drives: 2018 M2 AW DCT Join Date: Aug 2012 Location: Seattle, WA iTrader: (1) Garage List 2018 BMW M2 [7.74]	I agree it is a smart move. I always sell insure maintenance. Especially on a very low mileage car. __________________ BMWCCA member Puget Sound Chapter
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03-17-2023, 03:40 PM	#4
Humdizzle Brigadier General 6090 Rep 3,628 Posts Drives: GT3 + M2c Join Date: Oct 2016 Location: Missouri iTrader: (0)	smart move. if you can't afford a 0.001% catastrophic issue like a CH failure get the warranty if you can, dont get warranty, you will likely come out ahead financially __________________ 2018 Porsche GT3 6MT 2021 M2C DCT Previous: Ferrari 458 \| R35 GTR \| F80 M3 \| E46 M3 \| E36 M3 \| Scion FRS
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03-17-2023, 10:12 PM	#5
MooMooM2 Lieutenant Colonel 1824 Rep 1,610 Posts Drives: M2 Comp Join Date: Apr 2021 Location: NY iTrader: (2)	I never think ext warranty is worth it but if you barely drive the car than it really isn't worth it
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03-18-2023, 09:30 AM	#7
jefe2000 Lieutenant 757 Rep 495 Posts Drives: 2018 M2 6MT Join Date: Feb 2020 Location: San Francisco Bay Area iTrader: (0) Garage List 2018 BMW M2 [10.00]	If you’re still unsure after reading the comments here, put something like 50% of the refund into a high-interest savings or money market account and don’t touch it. Leave it there for any repair needs that arise. If you don’t end up having any expensive repairs, you’ll literally be bucks ahead! 💰
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