For those who decided to lease: Tire and wheel protection from dealer yes/no?

[Tisaksen]

Originally Posted by AlphaOmega4

I got it.. and realize it wasn't a good purchase after all.

anyway I can cancel it? or am I stuck with it for the next 3 years of my lease.

anyone know?

as I would really like to dump it and quit paying additional $$ towards it

i think you can get it prorated from the dealer

[HoustonEaDo]

Got mine for $750 for 3 years - it has more than paid for itself....5 run flat tires and 2 wheels replaced in 2 1/2 years - the roads suck in Houston. As people have said, a lot depends on what the roads are like where you drive....

[fjabad]

Originally Posted by u080570

Got mine for $750 for 3 years - it has more than paid for itself....5 run flat tires and 2 wheels replaced in 2 1/2 years - the roads suck in Houston. As people have said, a lot depends on what the roads are like where you drive....

If we're talking about run flats, than I would definitly get the tire and wheel insurance. I had numerous instances of side wall bulge when I had my 335 and I vowed never to get a car with run flats ever again.

[yaymitch]

I bought a used BMW that had the tire/wheel warranty and it was supposed to transfer but the amount of crap you have to go through and if you wait more than 30 days which they don't tell you but it is in the fine print it will not transfer. Anyway, because of the awful customer service from the third party that offers the insurance and the fact that it is virtually not-transferrable, I will never give them a dime for that warranty.

[Willie_Beamen69]

I have it on my m5 and paid $1200 for it. Had changed 4 tires and it had paid itself off because each time would've cost me $480 each. NYC roads

[M4LF]

Originally Posted by Linsanity88

I have it on my m5 and paid $1200 for it. Had changed 4 tires and it had paid itself off because each time would've cost me $480 each. NYC roads

Wow you got your money's worth. Good for you.

But for the rest of us, that's highly unlikely. The insurance business goes like this: For every $4 premium they collect, they take $1 to pay claims. They pocket the remaining $3. Just like the casino, the house always wins!

[sameh]

Originally Posted by Woodengun

They dont sell anything they are not making money on

Yes sir. It's that simple. Whatever they offer me I just decline knowing that they wouldn't offer it if it wasn't better for them.

[FIRSTM3NYC]

This Post Was So Useful I Almost Got It, But Backed Out When I Read This Post.

[ddog330]

Depends on where you live and road conditions. Here in Boston I see a crazy amount of tire claims. Risk vs reward

[AM4ZING]

Was considering swapping out the wheels eventually so the cost will go towards that

[CiprianS]

I have the wheel protection plan and I am curios about the rims protection. How damaged should the rim be in order for them to change it?

[OutlawX3M]

I have it.

The 335is I had before this needed to 2 rims replaced due to pothole damage. Each rim was $550 + runflats at $360 each the plan paid for itself. I'm thinking the 666m rims are not any cheaper... Like anything else, it's insurance and I have peace of mind driving in NY.

[happy_chrissy]

Originally Posted by Outlaw M3

I have it.

The 335is I had before this needed to 2 rims replaced due to pothole damage. Each rim was $550 + runflats at $360 each the plan paid for itself. I'm thinking the 666m rims are not any cheaper... Like anything else, it's insurance and I have peace of mind driving in NY.

I just contacted Geico and was told that if you get a pothole or nail in the tire it is covered under collision. So all you pay is your deductible and Geico pays the rest. I am going to cancel this tire and rim warrranty that the dealer sold me.
I wonder why they sell it to people who already have insurance that would pay for it? To make more money?

[soulcrft]

Originally Posted by happy_chrissy

I just contacted Geico and was told that if you get a pothole or nail in the tire it is covered under collision. So all you pay is your deductible and Geico pays the rest. I am going to cancel this tire and rim warrranty that the dealer sold me.
I wonder why they sell it to people who already have insurance that would pay for it? To make more money?

My car arrives tomorrow and was thinking of getting a third party policy for the wheels and tires as I declined the $2995 the dealer was charging for 36 months.

I have Geico as well so I’m going to give them a call and inquire about this. However, if you file a claim for say pothole damage on a rim, isn’t it considered an at-fault claim because you hit a stationary object? You will then get hit with a premium hike. Not sure this works out financially in your favor long term.

[CRRobert]

I got it on my 340ix, but not on my M3. Did not need to use. With aftermarket wheels and tires, I understand they won’t cover.

[Everfly]

I work for dealer and tire and wheels warranty is the best money you can buy if you live in the city with pot holes and stuffs. They not only cover tires but wheel repair or replacement

[TT3 iN NyC]

Originally Posted by Bluex

Mine does as well. In fact just had a $1200 estimate on a cracked Jeep Grand Cherokee 20" alloy with a bubbled tire. Insurance covered this.

Damn PA potholes.

Progressive.

What insurance do you have?

[Bluex]

Originally Posted by TT3 iN NyC

What insurance do you have?

Holy 4 years ago, Batman!

I use Progressive still and while the above scenario did happen (and was covered) when I got 2 separate punctures (one from a nail, one from road debris on the highway) on my second set of tires they did not. Tire Rack's roadside protection did the job. Twice.

[TT3 iN NyC]

Originally Posted by Bluex

Holy 4 years ago, Batman!

I use Progressive still and while the above scenario did happen (and was covered) when I got 2 separate punctures (one from a nail, one from road debris on the highway) on my second set of tires they did not. Tire Rack's roadside protection did the job. Twice.

Lmao! Oh shoot. Didn't realize the date! Haha.

Thanks for the information.