05-12-2019, 02:10 PM | #1 |
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I'm set to take delivery of my 2020 M2C soon, just waiting on this frustrating airbag recall so it can finally be released from the VPC.
I'm on the fence about getting an extended warranty. I got one on my 2014 Jeep Wrangler when I bought it new, and I don't think in the last 94,000 miles I recouped the cost. I know they warranty it to a certain point because the odds are in their favor nothing will happen. I know this is a big money maker for the dealership. I've already paid MSRP for everything else, the last thing I want to do is add on to the cost. I've been reading this forum for about a year and so far I've gathered these cars are so new still, none of them have reached that high mileage territory where things start to break. The only thing I can think of that's a common issue with these cars is the amplifier, which seems to break randomly. Is there anything else? What do you guys think? What did you do? Any regrets on if you did, or didn't? Thanks ahead of time. |
05-12-2019, 02:19 PM | #2 | |
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BMW knows the odds of something breaking better than you and they price the warranty accordingly. They are making a profit on it so most people who are buying it are losing. They are capitalizing off of the asymmetry if information they have vs what we have. Warranty is like insurance. It’s to cover you for losses you can’t afford to cover yourself. If you can afford an M2 you can afford repairs in the unlikely event that you’ll have an issue. |
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05-12-2019, 03:21 PM | #3 |
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Look at what kind of coverage you’re getting and the price you’ll be paying. All cars have things go wrong, they all break down to some degree at some point. If you’re going to be keeping the vehicle past the factory warranty then you need to be planning for this financially one way or another. Buying an extended warranty spread throughout your monthly payments is a good way for most people to do this. Just make sure the coverage makes sense for this car and the price is reasonable.
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05-12-2019, 03:30 PM | #4 |
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05-12-2019, 04:49 PM | #5 |
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That's right, I forgot about that. Is that still an issue for the new cars?
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05-12-2019, 05:28 PM | #6 | |
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It's a pretty major design flaw and is not something that can be easily redesigned and fixed, therefore It will presumably never be properly addressed by bmw; you just have to hope it doesn't happen to you. Luckily the failure rate is pretty low and if it happens under factory warranty you'll be covered, but if you're going to be tuning your car I'd probably look into one of those aftermarket crank hub solutions. |
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05-12-2019, 05:48 PM | #7 | ||
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Though you may think that this aspect is arbitrary, it has value. You can use it as argument: "OK, you tell me that there is no warranty for this issue, but I'm an extended warranty customer - please ask BMW to fix me a deal."
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05-12-2019, 06:55 PM | #8 |
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Personally I never do the extended warranty. If you want, take the money you would have spent on the warranty and stash it away in a savings account. The changes of you having two serious repairs more than that amount are small at best. I'm going to take the money I would have spent and drop it in the stock market.
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05-12-2019, 07:00 PM | #10 | |||
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I don't plan to do any tuning modifications to the car. I do plan to add an intake and exhaust and some other cosmetic things here and there. I'm thinking it may not be worth it. |
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05-12-2019, 07:10 PM | #11 |
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I was torn about it too and ultimately decided not to get it...mainly because I wanted to keep the cost down (this is the most expensive car I've owned) and I didn't know how long I was going to keep it (I usually switch up cars every 1-3 years, but hoping this one will be different).
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05-12-2019, 07:21 PM | #12 | |
Luxury at the redline :)
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If the crank hub was that serious and was deemed a major design flaw, BMW wouldn't of used the same motor in their high output vehicles like the M4 CS, GTS, ect. and instead jump back to the drawing board to push out something like a S58 to replace it. Not an M2C fanboy, just respecting the S55 for what it is and capable of.. |
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05-12-2019, 07:33 PM | #13 | ||
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Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene) Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017) |
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05-12-2019, 07:44 PM | #14 | |||
Luxury at the redline :)
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Someone like this guy: |
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05-12-2019, 07:47 PM | #15 | |
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05-12-2019, 08:10 PM | #16 | ||
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05-12-2019, 08:24 PM | #17 |
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Bingo. I did the same thing. 7 years 100K miles. $250 deductible. I did get the extra maintenance for 3 years and the wheel and tire coverage. I live in NYC so I will more than certainly make my money back and then some on the wheel and tire. First week of ownership I already had a nail in my rear tire
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05-12-2019, 09:24 PM | #18 |
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When did the warranty get shortened to 36k? Thought it was 50k?
And, buy the warranty if you want it, but wait until 6 months before expiration- don't get it now. Lots of things can happen between now and then. No need to tie your money up early.
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05-12-2019, 10:11 PM | #19 |
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It didn’t. It is 4 years or 50,000 miles here in the US. Maybe others are referring to different countries?
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05-12-2019, 10:16 PM | #20 |
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3yrs 36K is the included maintenance. Warranty is still 4yrs 50K.
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05-12-2019, 10:23 PM | #21 | |
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05-12-2019, 10:50 PM | #22 | |
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