08-09-2024, 07:06 AM | #23 | |
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Hoc Lapidem Non Vi Sed Saepe Cadendo!
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Ronin761344.50 Highline-Autos.com134.50 |
08-09-2024, 07:10 AM | #24 |
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That is how I feel about it. I can handle the “normal” or “everyday” type repairs but something that can cause engine damage I would like to have something to protect me from that. I am thinking before getting to 20k miles I will look into it? I don’t yet. Obviously getting it when the car is new gives you the best price but the 1st 4 years I will already be covered by BMW.
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08-09-2024, 02:07 PM | #25 | |
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Hoc Lapidem Non Vi Sed Saepe Cadendo!
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Ronin761344.50 Highline-Autos.com134.50 |
08-09-2024, 05:01 PM | #26 |
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Yeah, that is the battle I have been having with myself. Who did you go with for your 992?
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08-09-2024, 05:50 PM | #27 |
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Hoc Lapidem Non Vi Sed Saepe Cadendo!
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08-30-2024, 06:47 PM | #28 | |
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No matter how you slice it, purchasing the coverage while under the 10K mileage based pricing tier cut off, you're better off if you plan on keeping the vehicle vs. waiting until you're 10K+ miles. The pricing is so much cheaper, as you climb the mileage based pricing tiers, you're essentially adding an additional 100% of the base 0-10K mileage tier every time you enter a higher mileage based pricing tier. Any Fidelity extended warranty questions you can reach me at my contact information below! Trenton O. Gibson tgibson@highline-autos.com Highline Autos Direct: 602.909.9216 Office: 480.348.0777
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08-30-2024, 06:51 PM | #29 |
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^^^ why should I buy an extended warranty with under 10k mi, or under 36k mi for that matter? The vehicle is fully covered for 4/50, so it's just throwing away $$.
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08-30-2024, 07:49 PM | #30 |
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If you drive a ton and wanna beat the crap outta the car without mods I feel like this is a great insurance plan. Otherwise it’s probably not worth it
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09-01-2024, 06:42 AM | #31 |
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I had a great experience buying a Fidelity warranty when I had my GTI. Cost just over $2k, but over the next 3 years it covered ABS pump, water pump, timing chain tensioner and control arm bushings. All that would have cost me over $6k easy. So it all depends on how reliable these cars are. I didn't buy an extended warranty on my F87 because I read up on potential problems and felt comfortable enough, and never had a problem with the car. The new M2 seems fairly robust from what I read, so I won't be buying a warranty when it gets here next month.
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09-02-2024, 08:04 AM | #33 |
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BMW is 4/50. So buying extra coverage, that won't be used during that time is throwing away money.
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09-02-2024, 08:19 AM | #34 |
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Most modifications to the engine, transmission, etc. cause the extended warranty to be voided, so that would make it a poor purchase in my book
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09-04-2024, 12:55 PM | #35 | |
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2023 BMW M2 Miles: UNDER 10K Fidelity Platinum: 120 months / additional 100K miles (Coverage until 2034 / 50K miles over factory) $100 Deductible -$4,782 or 4 years and 50K miles later... before yearly rate adjustments. 2023 BMW M2 Miles: 50K Fidelity Platinum: 60 months / additional 60K miles (Coverage until 2032 / 50K miles over factory) $100 Deductible -$8,585 Trenton O. Gibson tgibson@highline-autos.com Highline Autos Direct: 602.909.9216 Office: 480.348.0777
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09-04-2024, 01:14 PM | #36 | |
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What they should do is put that $4,700 in an interest-earning account & they'll be fine when their factory coverage expires. |
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09-04-2024, 01:27 PM | #37 | |
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No one is being misleading, I have both the total term length and "extended" term length explained for both. Trenton O. Gibson tgibson@highline-autos.com Highline Autos Direct: 602.909.9216 Office: 480.348.0777
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09-04-2024, 01:39 PM | #38 |
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Are these extended warranties transferrable when you sell the car? And/or, can you get a refund on the unused portion of the warranty?
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09-04-2024, 01:59 PM | #39 | |
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Trenton O. Gibson tgibson@highline-autos.com Highline Autos Direct: 602.909.9216 Office: 480.348.0777
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Official RECARO Automotive Retailer: www.highline-autos.com/product-category/recaro/ Highline Autos Magazine - Volume XXI, Issue 03 https://bit.ly/3wTsNzM |
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09-05-2024, 05:45 AM | #40 | |
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09-05-2024, 06:53 AM | #41 | |
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1. It's not a 10 yr/100k warranty as advertised. I'm not singling out this company, all companies including oems advertise their extended service contracts (they're not warranties) this way. 2. If you buy it at point of sale or within 10k mi as is being discussed, you're paying for "coverage" you don't need & can't use. That's why they offer it at a discounted rate. They know the average new car buyer isn't keeping their vehicle beyond or much beyond the factory warranty, so they get your money for something they never have to provide. In the case above that's $4,700. 3. It's transferrable (often for a fee), or you receive a pro-rated refund if you sell the vehicle before it gets into the extended period. So let's say you buy the extended service contract at point of sale & sell/trade the vehicle at 44 months and 48k mi. You will only receive a refund of a portion of the money you paid for that extended service contract you purchased ~4 years ago. 4. The likelihood you'll need more than $4,700 worth of repairs after the expiration of the factory warranty is very slim. 5. Anyone who pays $8,500 for this extended service contract on what will likely be a $30k value vehicle after 4yr & 50k mi, again does not have much financial sense. I don't dislike extended service contracts. I've purchased them on several of my vehicles. On my Wrangler JKU I purchased a Mopar plan that covered the vehicle up to 125k mi (65k beyond the factory powertrain & 89k past the bumper to bumper). It cost me $1,200 for $0 deductible. The price of the plan increased by $150 - $200 if you were between 12k & 36k mi at time of purchase. That was worth it to me. When I sold the vehicle with 61k mi on it, I paid the $50 transfer fee to the new owner. Also purchased a Subaru Gold plan for my daughter's CPO Impreza we got her for college. Paid $1,700 for coverage and all scheduled maintenance up to 120k mi and 7 years beyond the factory warranty. Car had 20k when we purchased it. Had I waited until the end of the factory warranty to purchase, the price of the plan would've been $2k (not double like the plan above). Again worth it so she didn't have to worry about any out-of-pocket expenses for the vehicle while in college and after. The bottom line with the above plan is you're paying $4,700 for coverage you don't need, can't use, and most likely will never use because you'll get rid of the vehicle before the plan goes into effect. If that's what one wants to do with their $4,700, more power to them. The much smarter play would to keep that $4,700 growing in an account and pay for any repairs that may pop up after 4/50. |
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09-05-2024, 08:32 AM | #42 | |
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My friend that worked for Honda finance said that the retail price of the extended warranties was right at about twice what the dealerships paid for them. Then there's the whole issue of third party extended warranties (or service contracts or whatever they're technically called). Involving a third party that already has your money and literally has a financial incentive to deny you coverage and disagree with the dealership is just asking for headaches. It virtually never makes financial sense to purchase an extended warranty, but if you're going to do so save yourself a lot of aggravation and stick with the ones from the auto manufacturers. I said that it virtually never makes financial sense to purchase an extended warranty, but there are exceptions. When I purchased my 2017 Jaguar F-Type, part of the deal was that I would purchase an extended warranty. I could cancel the extended warranty right at a year and get 100% of my money back. The dealership got $500 for selling the extended warranty. I cancelled it and got a check in the mail for what I paid for it. By going through this hassle, I saved $500 on the car, so it was worth it. |
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09-05-2024, 12:28 PM | #43 | |
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