Quote:
Originally Posted by m@rk
So the letter from BMW arrived this morning informing me that my warranty expires in 30 days.
Had a good play with the numbers and established the following
Emergency cover adds £80 - The policy without this will recover you to a BMW garage if needed but only in the UK. I travel to France a couple of times each year and European recovery costs more than £80 to buy.
Adding in a £100 excess does not knock £100 off the annual cost of the warranty. All I need is a single claim and I am out of pocket. More than a single claim and things start adding up
There is a noticeable price jump once the car goes past 60k miles.
If I pay monthly, I am paying a 10% premium and there is no guarantee that the monthly cost won't increase after 12 months anyway.
I can have comprehensive cover on the car all the way up to 100k miles. Beyond that I can still have a warranty but drive train only.
So at 58k miles, comprehensive cover and emergency assist, £520!
Compared to other options out there, this is a competitive price and works out at £43 per month.
It also means one other thing.
I won't be changing the car this year and I may even run it into year 5 unless the new 3 comes out in the meantime. Considering I normally only keep my car for 18 months before getting bored, this thing must be doing something right.
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That's a very good deal at £520. Especially when you also take into account the breakdown and recovery service costs. I have separate breakdown/recovery packs for the UK/Europe and Germany on its own (with ADAC). Combined is almost 60% of your quote!!